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%15.3%
1 years$70,192$69,567$68,957$68,362$67,780$66,303
2 years$34,749$34,101$33,474$32,866$32,276$30,796
3 years$22,936$22,286$21,660$21,058$20,477$19,039
4 years$17,030$16,382$15,763$15,171$14,605$13,220
5 years$13,488$12,844$12,233$11,653$11,102$9,776
6 years$11,127$10,488$9,886$9,319$8,785$7,517
7 years$9,442$8,808$8,215$7,661$7,144$5,936
8 years$8,178$7,550$6,967$6,427$5,927$4,777
9 years$7,196$6,574$6,001$5,474$4,991$3,900
10 years$6,410$5,794$5,232$4,719$4,253$3,218
11 years$5,768$5,158$4,606$4,107$3,658$2,678
12 years$5,234$4,630$4,088$3,602$3,170$2,244
13 years$4,781$4,184$3,652$3,180$2,764$1,891
14 years$4,394$3,803$3,281$2,823$2,423$1,600
15 years$4,059$3,474$2,963$2,518$2,133$1,360
16 years$3,766$3,188$2,686$2,254$1,885$1,159
17 years$3,507$2,936$2,444$2,026$1,672$990
18 years$3,278$2,713$2,231$1,825$1,486$848
19 years$3,073$2,514$2,043$1,649$1,325$727
20 years$2,889$2,336$1,875$1,494$1,183$625
21 years$2,722$2,176$1,724$1,356$1,059$537
22 years$2,571$2,031$1,589$1,233$949$463
23 years$2,433$1,900$1,467$1,123$852$399
24 years$2,307$1,780$1,357$1,024$766$344
25 years$2,191$1,670$1,257$935$689$297
26 years$2,085$1,570$1,166$855$621$257
27 years$1,986$1,478$1,082$783$560$222
28 years$1,894$1,392$1,006$717$505$192
29 years$1,809$1,313$936$658$456$166
30 years$1,730$1,240$872$603$412$144
31 years$1,656$1,173$813$554$373$124
32 years$1,587$1,109$759$509$337$108
33 years$1,522$1,051$708$468$305$93
34 years$1,461$996$662$431$276$81
35 years$1,404$945$619$397$250$70
36 years$1,350$897$579$365$227$61
37 years$1,299$851$542$337$205$53
38 years$1,251$809$507$310$186$46
39 years$1,205$769$475$286$169$39
40 years$1,162$732$446$264$153$34
41 years$1,121$697$418$243$139$30
42 years$1,082$664$392$225$126$26
43 years$1,045$632$368$207$114$22
44 years$1,010$603$345$192$104$19
45 years$976$575$324$177$94$17
46 years$944$548$304$163$86$15
47 years$914$523$286$151$78$13
48 years$885$500$269$139$71$11
49 years$857$477$253$129$64$9
50 years$830$456$238$119$58$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $850,000, adding $3,115 every year, while hoping to spend $45,812 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: 67/9/24 Blend
50$850,000$850,000$850,000$850,000
51$939,913$894,863$881,688$996,894
52$987,041$889,968$862,481$1,030,661
53$1,037,440$883,297$841,095$1,062,063
54$1,091,396$874,716$817,409$1,095,343
55$1,149,222$864,080$791,296$1,130,689
56$1,211,261$851,239$762,622$1,168,307
57$1,277,889$836,030$731,250$1,208,424
58$1,349,521$818,282$697,034$1,251,295
59$1,426,610$797,816$659,823$1,297,200
60$1,509,654$774,439$619,457$1,346,450
61$1,599,201$747,948$575,771$1,399,388
62$1,695,852$718,130$528,592$1,456,396
63$1,800,268$684,757$477,738$1,517,895
64$1,913,174$647,589$423,021$1,584,352
65$2,035,369$606,373$364,244$1,656,283
66$2,167,730$560,838$301,199$1,734,259
67$2,311,222$510,702$233,673$1,818,914
68$2,466,904$455,665$161,439$1,910,945
69$2,635,945$395,409$84,263$2,011,127
70$2,819,626$329,599$1,901$2,120,314
71$3,019,359$257,881$0$2,239,452
72$3,236,698$179,880$0$2,391,607
73$3,473,350$95,203$0$2,557,865
74$3,731,195$3,432$0$2,739,085
75$4,012,303$0$0$2,936,755
76$4,318,950$0$0$3,162,005
77$4,653,643$0$0$3,408,277
78$5,019,141$0$0$3,677,266
79$5,418,481$0$0$3,971,215
80$5,855,006$0$0$4,292,591
81$6,332,398$0$0$4,644,111
82$6,854,709$0$0$5,028,767
83$7,426,403$0$0$5,449,852
84$8,052,394$0$0$5,910,996
85$8,738,094$0$0$6,416,191
86$9,489,462$0$0$6,969,838
87$10,313,062$0$0$7,576,782
88$11,216,123$0$0$8,242,359
89$12,206,608$0$0$8,972,446
90$13,293,284$0$0$9,773,517
91$14,485,812$0$0$10,652,702
92$15,794,831$0$0$11,617,857
93$17,232,061$0$0$12,677,632
94$18,810,413$0$0$13,841,560
95$20,544,108$0$0$15,120,138
96$22,448,813$0$0$16,524,933
97$24,541,788$0$0$18,068,688
98$26,842,047$0$0$19,765,440
99$29,370,539$0$0$21,630,653
100$32,150,340$0$0$23,681,365