Can I retire at age 51 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$70,192$69,567$68,957$68,362$67,780$66,850
2 years$34,749$34,101$33,474$32,866$32,276$31,341
3 years$22,936$22,286$21,660$21,058$20,477$19,566
4 years$17,030$16,382$15,763$15,171$14,605$13,724
5 years$13,488$12,844$12,233$11,653$11,102$10,255
6 years$11,127$10,488$9,886$9,319$8,785$7,972
7 years$9,442$8,808$8,215$7,661$7,144$6,366
8 years$8,178$7,550$6,967$6,427$5,927$5,183
9 years$7,196$6,574$6,001$5,474$4,991$4,282
10 years$6,410$5,794$5,232$4,719$4,253$3,577
11 years$5,768$5,158$4,606$4,107$3,658$3,015
12 years$5,234$4,630$4,088$3,602$3,170$2,559
13 years$4,781$4,184$3,652$3,180$2,764$2,185
14 years$4,394$3,803$3,281$2,823$2,423$1,874
15 years$4,059$3,474$2,963$2,518$2,133$1,614
16 years$3,766$3,188$2,686$2,254$1,885$1,395
17 years$3,507$2,936$2,444$2,026$1,672$1,209
18 years$3,278$2,713$2,231$1,825$1,486$1,050
19 years$3,073$2,514$2,043$1,649$1,325$914
20 years$2,889$2,336$1,875$1,494$1,183$797
21 years$2,722$2,176$1,724$1,356$1,059$696
22 years$2,571$2,031$1,589$1,233$949$609
23 years$2,433$1,900$1,467$1,123$852$533
24 years$2,307$1,780$1,357$1,024$766$467
25 years$2,191$1,670$1,257$935$689$410
26 years$2,085$1,570$1,166$855$621$360
27 years$1,986$1,478$1,082$783$560$316
28 years$1,894$1,392$1,006$717$505$278
29 years$1,809$1,313$936$658$456$244
30 years$1,730$1,240$872$603$412$215
31 years$1,656$1,173$813$554$373$189
32 years$1,587$1,109$759$509$337$167
33 years$1,522$1,051$708$468$305$147
34 years$1,461$996$662$431$276$129
35 years$1,404$945$619$397$250$114
36 years$1,350$897$579$365$227$100
37 years$1,299$851$542$337$205$88
38 years$1,251$809$507$310$186$78
39 years$1,205$769$475$286$169$69
40 years$1,162$732$446$264$153$61
41 years$1,121$697$418$243$139$53
42 years$1,082$664$392$225$126$47
43 years$1,045$632$368$207$114$42
44 years$1,010$603$345$192$104$37
45 years$976$575$324$177$94$32
46 years$944$548$304$163$86$29
47 years$914$523$286$151$78$25
48 years$885$500$269$139$71$22
49 years$857$477$253$129$64$20
50 years$830$456$238$119$58$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $850,000, adding $6,619 every year, while hoping to spend $51,945 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: 40/39/21 Blend
50$850,000$850,000$850,000$850,000
51$943,527$898,477$885,302$975,168
52$984,498$887,234$859,691$987,226
53$1,027,907$873,698$831,481$994,817
54$1,073,948$857,704$800,529$1,001,971
55$1,122,832$839,073$766,689$1,008,677
56$1,174,792$817,618$729,804$1,014,926
57$1,230,081$793,142$689,712$1,020,714
58$1,288,976$765,433$646,245$1,026,041
59$1,351,782$734,269$599,224$1,030,912
60$1,418,830$699,415$548,465$1,035,336
61$1,490,487$660,622$493,774$1,039,331
62$1,567,151$617,627$434,950$1,042,922
63$1,649,260$570,151$371,781$1,046,142
64$1,737,296$517,899$304,047$1,049,035
65$1,831,785$460,562$231,518$1,051,656
66$1,933,307$397,809$153,954$1,054,075
67$2,042,497$329,294$71,103$1,056,374
68$2,160,052$254,650$0$1,058,654
69$2,286,738$173,488$0$1,064,915
70$2,423,396$85,400$0$1,088,674
71$2,570,950$0$0$1,114,211
72$2,730,417$0$0$1,146,099
73$2,902,912$0$0$1,220,324
74$3,089,663$0$0$1,300,777
75$3,292,017$0$0$1,388,049
76$3,511,459$0$0$1,482,792
77$3,749,619$0$0$1,585,723
78$4,008,291$0$0$1,697,632
79$4,289,449$0$0$1,819,386
80$4,595,262$0$0$1,951,939
81$4,928,119$0$0$2,096,342
82$5,290,648$0$0$2,253,752
83$5,685,741$0$0$2,425,440
84$6,116,580$0$0$2,612,808
85$6,586,667$0$0$2,817,396
86$7,099,858$0$0$3,040,901
87$7,660,398$0$0$3,285,193
88$8,272,958$0$0$3,552,326
89$8,942,681$0$0$3,844,567
90$9,675,232$0$0$4,164,408
91$10,476,846$0$0$4,514,596
92$11,354,388$0$0$4,898,153
93$12,315,420$0$0$5,318,410
94$13,368,268$0$0$5,779,033
95$14,522,102$0$0$6,284,062
96$15,787,021$0$0$6,837,944
97$17,174,146$0$0$7,445,578
98$18,695,730$0$0$8,112,361
99$20,365,264$0$0$8,844,237
100$22,197,611$0$0$9,647,754