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%16.6%
1 years$70,440$69,813$69,200$68,603$68,019$66,187
2 years$34,871$34,222$33,592$32,982$32,390$30,557
3 years$23,017$22,364$21,737$21,132$20,550$18,774
4 years$17,090$16,440$15,819$15,224$14,656$12,950
5 years$13,536$12,889$12,276$11,694$11,141$9,511
6 years$11,167$10,525$9,921$9,352$8,816$7,262
7 years$9,475$8,839$8,244$7,688$7,170$5,692
8 years$8,207$7,577$6,992$6,450$5,948$4,547
9 years$7,221$6,597$6,022$5,494$5,009$3,682
10 years$6,433$5,815$5,250$4,736$4,268$3,014
11 years$5,789$5,177$4,622$4,121$3,671$2,488
12 years$5,252$4,646$4,102$3,615$3,181$2,067
13 years$4,798$4,199$3,665$3,192$2,774$1,727
14 years$4,410$3,817$3,293$2,833$2,431$1,448
15 years$4,073$3,487$2,973$2,527$2,141$1,219
16 years$3,779$3,199$2,696$2,262$1,892$1,029
17 years$3,520$2,946$2,453$2,033$1,678$871
18 years$3,290$2,722$2,239$1,832$1,492$739
19 years$3,084$2,523$2,050$1,655$1,330$628
20 years$2,899$2,344$1,881$1,499$1,188$534
21 years$2,732$2,184$1,730$1,361$1,063$455
22 years$2,580$2,038$1,595$1,237$953$388
23 years$2,442$1,907$1,472$1,127$855$331
24 years$2,315$1,786$1,362$1,028$769$283
25 years$2,199$1,676$1,261$938$692$241
26 years$2,092$1,575$1,170$858$623$206
27 years$1,993$1,483$1,086$785$562$177
28 years$1,901$1,397$1,010$720$507$151
29 years$1,816$1,318$940$660$458$129
30 years$1,736$1,245$875$606$414$111
31 years$1,662$1,177$816$556$374$95
32 years$1,593$1,113$761$511$338$81
33 years$1,528$1,054$711$470$306$70
34 years$1,466$999$664$432$277$60
35 years$1,409$948$621$398$251$51
36 years$1,355$900$581$367$227$44
37 years$1,304$854$544$338$206$38
38 years$1,255$812$509$311$187$32
39 years$1,210$772$477$287$169$28
40 years$1,166$735$447$265$154$24
41 years$1,125$699$419$244$139$20
42 years$1,086$666$393$225$127$17
43 years$1,049$635$369$208$115$15
44 years$1,013$605$346$192$104$13
45 years$980$577$325$177$95$11
46 years$948$550$306$164$86$9
47 years$917$525$287$151$78$8
48 years$888$501$270$140$71$7
49 years$860$479$254$129$64$6
50 years$833$457$238$120$58$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $853,000, adding $3,012 every year, while hoping to spend $45,102 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: 59/33/8 Blend
50$853,000$853,000$853,000$853,000
51$943,113$897,904$884,682$996,921
52$991,322$893,913$866,331$1,029,404
53$1,042,937$888,215$845,853$1,059,417
54$1,098,258$880,678$823,130$1,091,021
55$1,157,613$871,164$798,038$1,124,372
56$1,221,363$859,525$770,446$1,159,641
57$1,289,904$845,604$740,218$1,197,022
58$1,363,671$829,236$707,212$1,236,729
59$1,443,142$810,244$671,280$1,278,998
60$1,528,841$788,445$632,266$1,324,094
61$1,621,343$763,639$590,008$1,372,309
62$1,721,283$735,620$544,336$1,423,971
63$1,829,355$704,167$495,072$1,479,438
64$1,946,324$669,046$442,032$1,539,114
65$2,073,031$630,011$385,022$1,603,444
66$2,210,400$586,801$323,840$1,672,920
67$2,359,447$539,140$258,275$1,748,092
68$2,521,289$486,737$188,106$1,829,568
69$2,697,157$429,283$113,103$1,918,019
70$2,888,402$366,453$33,028$2,014,195
71$3,096,512$297,903$0$2,118,922
72$3,323,125$223,268$0$2,237,593
73$3,570,041$142,166$0$2,370,047
74$3,839,244$54,190$0$2,514,612
75$4,132,914$0$0$2,672,558
76$4,453,454$0$0$2,860,209
77$4,803,507$0$0$3,086,693
78$5,185,983$0$0$3,334,223
79$5,604,086$0$0$3,604,881
80$6,061,343$0$0$3,900,959
81$6,561,638$0$0$4,224,981
82$7,109,248$0$0$4,579,725
83$7,708,880$0$0$4,968,254
84$8,365,722$0$0$5,393,936
85$9,085,483$0$0$5,860,484
86$9,874,454$0$0$6,371,985
87$10,739,560$0$0$6,932,942
88$11,688,431$0$0$7,548,313
89$12,729,471$0$0$8,223,561
90$13,871,934$0$0$8,964,702
91$15,126,016$0$0$9,778,363
92$16,502,948$0$0$10,671,844
93$18,015,101$0$0$11,653,187
94$19,676,101$0$0$12,731,250
95$21,500,963$0$0$13,915,794
96$23,506,225$0$0$15,217,568
97$25,710,106$0$0$16,648,418
98$28,132,680$0$0$18,221,392
99$30,796,061$0$0$19,950,867
100$33,724,613$0$0$21,852,681