Can I retire at age 51 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$70,440$69,813$69,200$68,603$68,019$65,921
2 years$34,871$34,222$33,592$32,982$32,390$30,295
3 years$23,017$22,364$21,737$21,132$20,550$18,523
4 years$17,090$16,440$15,819$15,224$14,656$12,713
5 years$13,536$12,889$12,276$11,694$11,141$9,287
6 years$11,167$10,525$9,921$9,352$8,816$7,052
7 years$9,475$8,839$8,244$7,688$7,170$5,497
8 years$8,207$7,577$6,992$6,450$5,948$4,365
9 years$7,221$6,597$6,022$5,494$5,009$3,514
10 years$6,433$5,815$5,250$4,736$4,268$2,858
11 years$5,789$5,177$4,622$4,121$3,671$2,344
12 years$5,252$4,646$4,102$3,615$3,181$1,935
13 years$4,798$4,199$3,665$3,192$2,774$1,605
14 years$4,410$3,817$3,293$2,833$2,431$1,337
15 years$4,073$3,487$2,973$2,527$2,141$1,118
16 years$3,779$3,199$2,696$2,262$1,892$937
17 years$3,520$2,946$2,453$2,033$1,678$787
18 years$3,290$2,722$2,239$1,832$1,492$663
19 years$3,084$2,523$2,050$1,655$1,330$559
20 years$2,899$2,344$1,881$1,499$1,188$472
21 years$2,732$2,184$1,730$1,361$1,063$399
22 years$2,580$2,038$1,595$1,237$953$337
23 years$2,442$1,907$1,472$1,127$855$286
24 years$2,315$1,786$1,362$1,028$769$242
25 years$2,199$1,676$1,261$938$692$205
26 years$2,092$1,575$1,170$858$623$174
27 years$1,993$1,483$1,086$785$562$148
28 years$1,901$1,397$1,010$720$507$125
29 years$1,816$1,318$940$660$458$106
30 years$1,736$1,245$875$606$414$90
31 years$1,662$1,177$816$556$374$77
32 years$1,593$1,113$761$511$338$65
33 years$1,528$1,054$711$470$306$55
34 years$1,466$999$664$432$277$47
35 years$1,409$948$621$398$251$40
36 years$1,355$900$581$367$227$34
37 years$1,304$854$544$338$206$29
38 years$1,255$812$509$311$187$25
39 years$1,210$772$477$287$169$21
40 years$1,166$735$447$265$154$18
41 years$1,125$699$419$244$139$15
42 years$1,086$666$393$225$127$13
43 years$1,049$635$369$208$115$11
44 years$1,013$605$346$192$104$9
45 years$980$577$325$177$95$8
46 years$948$550$306$164$86$7
47 years$917$525$287$151$78$6
48 years$888$501$270$140$71$5
49 years$860$479$254$129$64$4
50 years$833$457$238$120$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $853,000, adding $4,424 every year, while hoping to spend $57,464 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: 75/17/8 Blend
50$853,000$853,000$853,000$853,000
51$944,569$899,360$886,139$1,013,936
52$979,774$882,288$854,683$1,043,137
53$1,016,644$862,453$820,248$1,067,395
54$1,055,288$839,659$782,672$1,092,336
55$1,095,824$813,699$741,789$1,118,009
56$1,138,381$784,354$697,422$1,144,466
57$1,183,099$751,390$649,389$1,171,766
58$1,230,129$714,562$597,497$1,199,976
59$1,279,637$673,610$541,547$1,229,167
60$1,331,801$628,258$481,330$1,259,424
61$1,386,817$578,215$416,628$1,290,837
62$1,444,899$523,174$347,211$1,323,510
63$1,506,279$462,811$272,844$1,357,557
64$1,571,211$396,780$193,275$1,393,107
65$1,639,972$324,719$108,247$1,430,302
66$1,712,864$246,245$17,488$1,469,301
67$1,790,218$160,953$0$1,510,283
68$1,872,395$68,415$0$1,560,220
69$1,959,791$0$0$1,614,593
70$2,052,839$0$0$1,678,132
71$2,152,011$0$0$1,759,514
72$2,257,827$0$0$1,846,369
73$2,370,855$0$0$1,939,165
74$2,491,718$0$0$2,038,417
75$2,621,098$0$0$2,144,689
76$2,759,745$0$0$2,258,599
77$2,908,480$0$0$2,380,825
78$3,068,203$0$0$2,512,111
79$3,239,905$0$0$2,653,274
80$3,424,671$0$0$2,805,211
81$3,623,693$0$0$2,968,906
82$3,838,281$0$0$3,145,442
83$4,069,874$0$0$3,336,006
84$4,320,052$0$0$3,541,905
85$4,590,553$0$0$3,764,572
86$4,883,285$0$0$4,005,585
87$5,200,347$0$0$4,266,678
88$5,544,047$0$0$4,549,756
89$5,916,922$0$0$4,856,917
90$6,321,763$0$0$5,190,465
91$6,761,639$0$0$5,552,937
92$7,239,927$0$0$5,947,122
93$7,760,342$0$0$6,376,089
94$8,326,969$0$0$6,843,215
95$8,944,308$0$0$7,352,216
96$9,617,306$0$0$7,907,181
97$10,351,412$0$0$8,512,612
98$11,152,620$0$0$9,173,461
99$12,027,531$0$0$9,895,183
100$12,983,409$0$0$10,683,781