Can I retire at age 51 with 848,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$70,027$69,403$68,795$68,201$67,621$65,325
2 years$34,667$34,021$33,395$32,789$32,200$29,911
3 years$22,882$22,233$21,609$21,008$20,429$18,218
4 years$16,990$16,344$15,726$15,135$14,570$12,453
5 years$13,456$12,814$12,204$11,625$11,076$9,059
6 years$11,101$10,463$9,863$9,297$8,764$6,849
7 years$9,419$8,787$8,196$7,643$7,128$5,314
8 years$8,159$7,532$6,951$6,412$5,913$4,200
9 years$7,179$6,558$5,987$5,461$4,980$3,364
10 years$6,395$5,781$5,219$4,708$4,243$2,723
11 years$5,755$5,146$4,595$4,097$3,649$2,222
12 years$5,221$4,619$4,078$3,594$3,162$1,824
13 years$4,770$4,174$3,643$3,173$2,757$1,505
14 years$4,384$3,794$3,274$2,816$2,417$1,247
15 years$4,049$3,466$2,956$2,512$2,128$1,036
16 years$3,757$3,180$2,680$2,249$1,881$864
17 years$3,499$2,929$2,438$2,021$1,668$722
18 years$3,270$2,706$2,226$1,821$1,483$604
19 years$3,066$2,508$2,038$1,646$1,322$506
20 years$2,882$2,331$1,870$1,490$1,181$425
21 years$2,716$2,171$1,720$1,353$1,057$357
22 years$2,565$2,026$1,585$1,230$947$300
23 years$2,428$1,895$1,464$1,120$850$252
24 years$2,302$1,776$1,354$1,022$764$212
25 years$2,186$1,667$1,254$933$688$179
26 years$2,080$1,566$1,163$853$619$151
27 years$1,981$1,474$1,080$781$558$127
28 years$1,890$1,389$1,004$715$504$107
29 years$1,805$1,310$934$656$455$90
30 years$1,726$1,237$870$602$411$76
31 years$1,652$1,170$811$553$372$64
32 years$1,583$1,107$757$508$336$54
33 years$1,519$1,048$707$467$304$46
34 years$1,458$993$660$430$275$39
35 years$1,401$942$617$396$250$33
36 years$1,347$894$578$365$226$28
37 years$1,296$849$541$336$205$23
38 years$1,248$807$506$310$186$20
39 years$1,202$768$474$285$168$17
40 years$1,159$730$445$263$153$14
41 years$1,118$695$417$243$139$12
42 years$1,080$662$391$224$126$10
43 years$1,043$631$367$207$114$8
44 years$1,008$601$344$191$104$7
45 years$974$573$323$176$94$6
46 years$942$547$304$163$85$5
47 years$912$522$285$151$78$4
48 years$882$498$268$139$70$4
49 years$855$476$252$129$64$3
50 years$828$455$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $848,000, adding $3,039 every year, while hoping to spend $22,603 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/20/7 Blend
50$848,000$848,000$848,000$848,000
51$937,631$892,687$879,543$1,004,931
52$1,009,220$912,379$884,958$1,069,399
53$1,087,353$932,279$889,797$1,136,845
54$1,172,675$952,372$894,017$1,210,071
55$1,265,893$972,644$897,572$1,289,642
56$1,367,788$993,077$900,415$1,376,177
57$1,479,219$1,013,655$902,495$1,470,361
58$1,601,132$1,034,356$903,761$1,572,945
59$1,734,566$1,055,158$904,156$1,684,760
60$1,880,670$1,076,039$903,624$1,806,719
61$2,040,706$1,096,973$902,102$1,939,827
62$2,216,064$1,117,930$899,529$2,085,193
63$2,408,275$1,138,881$895,836$2,244,037
64$2,619,026$1,159,794$890,953$2,417,705
65$2,850,175$1,180,632$884,808$2,607,677
66$3,103,767$1,201,357$877,324$2,815,587
67$3,382,057$1,221,929$868,419$3,043,232
68$3,687,525$1,242,302$858,010$3,292,595
69$4,022,907$1,262,429$846,007$3,565,858
70$4,391,214$1,282,259$832,319$3,865,428
71$4,795,765$1,301,736$816,849$4,193,955
72$5,240,214$1,320,803$799,495$4,554,360
73$5,728,589$1,339,395$780,150$4,949,860
74$6,265,325$1,357,445$758,705$5,384,004
75$6,855,309$1,374,880$735,043$5,860,699
76$7,503,925$1,391,624$709,041$6,384,250
77$8,217,105$1,407,594$680,575$6,959,405
78$9,001,385$1,422,701$649,509$7,591,391
79$9,863,965$1,436,852$615,706$8,285,972
80$10,812,778$1,449,946$579,021$9,049,499
81$11,856,564$1,461,877$539,301$9,888,969
82$13,004,955$1,472,530$496,388$10,812,095
83$14,268,560$1,481,784$450,117$11,827,375
84$15,659,072$1,489,510$400,315$12,944,176
85$17,189,372$1,495,570$346,800$14,172,818
86$18,873,655$1,499,820$289,385$15,524,677
87$20,727,560$1,502,103$227,871$17,012,286
88$22,768,320$1,502,256$162,054$18,649,461
89$25,014,924$1,500,102$91,718$20,451,424
90$27,488,295$1,495,455$16,640$22,434,953
91$30,211,489$1,488,120$0$24,618,535
92$33,209,908$1,477,885$0$27,027,289
93$36,511,547$1,464,530$0$29,680,561
94$40,147,252$1,447,819$0$32,601,872
95$44,151,011$1,427,502$0$35,818,514
96$48,560,280$1,403,315$0$39,360,560
97$53,416,328$1,374,977$0$43,261,154
98$58,764,635$1,342,192$0$47,556,818
99$64,655,313$1,304,645$0$52,287,801
100$71,143,587$1,262,005$0$57,498,458