Can I retire at age 51 with 851,000?

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 $851,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$70,275$69,649$69,038$68,442$67,860$66,901
2 years$34,789$34,142$33,514$32,905$32,314$31,350
3 years$22,963$22,312$21,686$21,082$20,501$19,562
4 years$17,050$16,402$15,782$15,189$14,622$13,714
5 years$13,504$12,859$12,247$11,666$11,115$10,242
6 years$11,140$10,500$9,897$9,330$8,795$7,958
7 years$9,453$8,818$8,225$7,670$7,153$6,351
8 years$8,188$7,559$6,975$6,435$5,934$5,168
9 years$7,204$6,581$6,008$5,481$4,997$4,267
10 years$6,418$5,801$5,238$4,725$4,258$3,562
11 years$5,775$5,164$4,611$4,112$3,662$3,000
12 years$5,240$4,635$4,092$3,607$3,173$2,545
13 years$4,787$4,189$3,656$3,184$2,767$2,172
14 years$4,399$3,808$3,285$2,826$2,426$1,862
15 years$4,064$3,478$2,966$2,521$2,136$1,602
16 years$3,770$3,191$2,689$2,257$1,888$1,384
17 years$3,512$2,939$2,447$2,028$1,674$1,198
18 years$3,282$2,716$2,234$1,828$1,488$1,040
19 years$3,077$2,517$2,045$1,651$1,326$905
20 years$2,892$2,339$1,877$1,496$1,185$789
21 years$2,726$2,179$1,726$1,357$1,060$688
22 years$2,574$2,034$1,591$1,234$950$602
23 years$2,436$1,902$1,469$1,124$853$526
24 years$2,310$1,782$1,359$1,025$767$461
25 years$2,194$1,672$1,258$936$690$404
26 years$2,087$1,572$1,167$856$622$354
27 years$1,988$1,479$1,084$784$560$311
28 years$1,897$1,394$1,007$718$506$273
29 years$1,812$1,315$938$658$457$240
30 years$1,732$1,242$873$604$413$211
31 years$1,658$1,174$814$555$373$186
32 years$1,589$1,111$760$510$337$163
33 years$1,524$1,052$709$469$305$144
34 years$1,463$997$663$431$276$126
35 years$1,406$946$620$397$250$111
36 years$1,352$898$580$366$227$98
37 years$1,301$852$542$337$206$86
38 years$1,252$810$508$311$186$76
39 years$1,207$770$476$286$169$67
40 years$1,163$733$446$264$153$59
41 years$1,122$698$418$244$139$52
42 years$1,083$664$392$225$126$46
43 years$1,046$633$368$208$115$40
44 years$1,011$603$346$192$104$36
45 years$977$575$325$177$94$31
46 years$945$549$305$164$86$28
47 years$915$524$286$151$78$24
48 years$886$500$269$140$71$21
49 years$858$478$253$129$64$19
50 years$831$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 $851,000, adding $6,656 every year, while hoping to spend $31,531 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: 66/23/11 Blend
50$851,000$851,000$851,000$851,000
51$944,668$899,565$886,374$1,004,316
52$1,007,475$910,095$882,519$1,055,425
53$1,075,632$920,084$877,478$1,106,920
54$1,149,651$929,472$871,178$1,162,394
55$1,230,095$938,196$863,542$1,222,233
56$1,317,585$946,188$854,491$1,286,860
57$1,412,803$953,375$843,940$1,356,747
58$1,516,498$959,680$831,802$1,432,410
59$1,629,498$965,021$817,984$1,514,419
60$1,752,710$969,311$802,390$1,603,404
61$1,887,136$972,457$784,920$1,700,059
62$2,033,876$974,360$765,467$1,805,149
63$2,194,143$974,915$743,922$1,919,517
64$2,369,271$974,010$720,168$2,044,094
65$2,560,728$971,528$694,085$2,179,907
66$2,770,132$967,343$665,547$2,328,087
67$2,999,264$961,322$634,422$2,489,883
68$3,250,085$953,323$600,571$2,666,670
69$3,524,754$943,196$563,850$2,859,967
70$3,825,649$930,782$524,108$3,071,448
71$4,155,388$915,913$481,189$3,302,959
72$4,516,855$898,410$434,926$3,556,535
73$4,913,227$878,085$385,149$3,834,424
74$5,348,002$854,737$331,677$4,139,099
75$5,825,033$828,154$274,324$4,473,291
76$6,348,565$798,112$212,892$4,840,012
77$6,923,272$764,374$147,178$5,242,580
78$7,554,305$726,687$76,967$5,684,657
79$8,247,336$684,787$2,038$6,170,280
80$9,008,615$638,392$0$6,703,899
81$9,845,026$587,206$0$7,299,569
82$10,764,154$530,913$0$7,954,406
83$11,774,352$469,183$0$8,674,166
84$12,884,827$401,664$0$9,465,459
85$14,105,719$327,985$0$10,335,572
86$15,448,202$247,756$0$11,292,538
87$16,924,584$160,562$0$12,345,207
88$18,548,429$65,966$0$13,503,340
89$20,334,677$0$0$14,777,693
90$22,299,794$0$0$16,189,359
91$24,461,919$0$0$17,760,979
92$26,841,038$0$0$19,490,394
93$29,459,173$0$0$21,393,620
94$32,340,589$0$0$23,488,303
95$35,512,022$0$0$25,793,890
96$39,002,931$0$0$28,331,804
97$42,845,776$0$0$31,125,654
98$47,076,324$0$0$34,201,453
99$51,733,987$0$0$37,587,865
100$56,862,192$0$0$41,316,473