Can I retire at age 51 with 851,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$70,275$69,649$69,038$68,442$67,860$65,504
2 years$34,789$34,142$33,514$32,905$32,314$29,965
3 years$22,963$22,312$21,686$21,082$20,501$18,233
4 years$17,050$16,402$15,782$15,189$14,622$12,451
5 years$13,504$12,859$12,247$11,666$11,115$9,048
6 years$11,140$10,500$9,897$9,330$8,795$6,833
7 years$9,453$8,818$8,225$7,670$7,153$5,296
8 years$8,188$7,559$6,975$6,435$5,934$4,180
9 years$7,204$6,581$6,008$5,481$4,997$3,345
10 years$6,418$5,801$5,238$4,725$4,258$2,704
11 years$5,775$5,164$4,611$4,112$3,662$2,203
12 years$5,240$4,635$4,092$3,607$3,173$1,806
13 years$4,787$4,189$3,656$3,184$2,767$1,488
14 years$4,399$3,808$3,285$2,826$2,426$1,231
15 years$4,064$3,478$2,966$2,521$2,136$1,022
16 years$3,770$3,191$2,689$2,257$1,888$851
17 years$3,512$2,939$2,447$2,028$1,674$709
18 years$3,282$2,716$2,234$1,828$1,488$593
19 years$3,077$2,517$2,045$1,651$1,326$496
20 years$2,892$2,339$1,877$1,496$1,185$416
21 years$2,726$2,179$1,726$1,357$1,060$349
22 years$2,574$2,034$1,591$1,234$950$293
23 years$2,436$1,902$1,469$1,124$853$246
24 years$2,310$1,782$1,359$1,025$767$207
25 years$2,194$1,672$1,258$936$690$174
26 years$2,087$1,572$1,167$856$622$146
27 years$1,988$1,479$1,084$784$560$123
28 years$1,897$1,394$1,007$718$506$104
29 years$1,812$1,315$938$658$457$87
30 years$1,732$1,242$873$604$413$73
31 years$1,658$1,174$814$555$373$62
32 years$1,589$1,111$760$510$337$52
33 years$1,524$1,052$709$469$305$44
34 years$1,463$997$663$431$276$37
35 years$1,406$946$620$397$250$31
36 years$1,352$898$580$366$227$26
37 years$1,301$852$542$337$206$22
38 years$1,252$810$508$311$186$19
39 years$1,207$770$476$286$169$16
40 years$1,163$733$446$264$153$13
41 years$1,122$698$418$244$139$11
42 years$1,083$664$392$225$126$9
43 years$1,046$633$368$208$115$8
44 years$1,011$603$346$192$104$7
45 years$977$575$325$177$94$6
46 years$945$549$305$164$86$5
47 years$915$524$286$151$78$4
48 years$886$500$269$140$71$3
49 years$858$478$253$129$64$3
50 years$831$456$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $851,000, adding $6,834 every year, while hoping to spend $29,283 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: 53/40/7 Blend
50$851,000$851,000$851,000$851,000
51$944,851$899,748$886,558$992,986
52$1,010,069$912,679$885,101$1,039,302
53$1,080,958$925,262$882,613$1,085,880
54$1,158,065$937,449$879,030$1,135,846
55$1,241,993$949,189$874,283$1,189,527
56$1,333,404$960,427$868,299$1,247,281
57$1,433,028$971,105$861,004$1,309,505
58$1,541,668$981,160$852,318$1,376,635
59$1,660,206$990,526$842,160$1,449,153
60$1,789,616$999,131$830,441$1,527,592
61$1,930,969$1,006,899$817,072$1,612,538
62$2,085,442$1,013,751$801,958$1,704,640
63$2,254,332$1,019,601$784,999$1,804,611
64$2,439,069$1,024,357$766,092$1,913,242
65$2,641,226$1,027,921$745,127$2,031,400
66$2,862,533$1,030,192$721,991$2,160,048
67$3,104,899$1,031,058$696,566$2,300,243
68$3,370,423$1,030,405$668,725$2,453,156
69$3,661,419$1,028,107$638,340$2,620,075
70$3,980,433$1,024,034$605,274$2,802,423
71$4,330,272$1,018,046$569,385$3,001,772
72$4,714,025$1,009,996$530,525$3,219,852
73$5,135,096$999,726$488,538$3,458,574
74$5,597,233$987,071$443,262$3,720,048
75$6,104,567$971,853$394,527$4,006,598
76$6,661,646$953,887$342,157$4,320,791
77$7,273,482$932,975$285,967$4,665,456
78$7,945,593$908,907$225,763$5,043,717
79$8,684,062$881,462$161,344$5,459,018
80$9,495,587$850,404$92,500$5,915,157
81$10,387,548$815,486$19,010$6,416,326
82$11,368,077$776,444$0$6,967,146
83$12,446,132$733,001$0$7,577,153
84$13,631,581$684,861$0$8,249,337
85$14,935,299$631,716$0$8,988,496
86$16,369,264$573,235$0$9,801,489
87$17,946,677$509,071$0$10,695,880
88$19,682,080$438,857$0$11,680,008
89$21,591,496$362,205$0$12,763,070
90$23,692,581$278,706$0$13,955,204
91$26,004,788$187,925$0$15,267,592
92$28,549,549$89,407$0$16,712,559
93$31,350,483$0$0$18,303,697
94$34,433,612$0$0$20,063,620
95$37,827,610$0$0$22,044,417
96$41,564,070$0$0$24,225,185
97$45,677,809$0$0$26,626,257
98$50,207,186$0$0$29,270,037
99$55,194,472$0$0$32,181,211
100$60,686,245$0$0$35,386,983