Can I retire at age 51 with 856,000?

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 $856,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$70,688$70,058$69,444$68,844$68,259$65,942
2 years$34,994$34,342$33,711$33,098$32,504$30,193
3 years$23,098$22,443$21,813$21,206$20,622$18,389
4 years$17,151$16,498$15,874$15,278$14,708$12,571
5 years$13,583$12,935$12,319$11,735$11,181$9,145
6 years$11,206$10,562$9,956$9,385$8,847$6,914
7 years$9,508$8,870$8,273$7,716$7,195$5,364
8 years$8,236$7,603$7,016$6,472$5,969$4,239
9 years$7,247$6,620$6,043$5,513$5,027$3,396
10 years$6,456$5,835$5,269$4,752$4,283$2,749
11 years$5,809$5,195$4,638$4,136$3,683$2,243
12 years$5,270$4,663$4,116$3,628$3,192$1,841
13 years$4,815$4,214$3,678$3,203$2,783$1,519
14 years$4,425$3,830$3,304$2,843$2,440$1,259
15 years$4,088$3,499$2,983$2,535$2,148$1,046
16 years$3,792$3,210$2,705$2,270$1,899$872
17 years$3,532$2,956$2,461$2,040$1,684$728
18 years$3,301$2,732$2,247$1,838$1,497$609
19 years$3,095$2,532$2,057$1,661$1,334$511
20 years$2,909$2,353$1,888$1,504$1,192$429
21 years$2,742$2,191$1,736$1,365$1,066$360
22 years$2,589$2,046$1,600$1,241$956$303
23 years$2,451$1,913$1,478$1,131$858$255
24 years$2,324$1,793$1,367$1,031$771$214
25 years$2,207$1,682$1,266$942$694$181
26 years$2,099$1,581$1,174$861$625$152
27 years$2,000$1,488$1,090$788$564$128
28 years$1,908$1,402$1,013$722$509$108
29 years$1,822$1,323$943$662$459$91
30 years$1,742$1,249$878$608$415$77
31 years$1,668$1,181$819$558$375$65
32 years$1,598$1,117$764$513$339$55
33 years$1,533$1,058$713$472$307$46
34 years$1,472$1,003$667$434$278$39
35 years$1,414$951$623$400$252$33
36 years$1,360$903$583$368$228$28
37 years$1,308$857$546$339$207$23
38 years$1,260$815$511$312$188$20
39 years$1,214$775$479$288$170$17
40 years$1,170$737$449$266$154$14
41 years$1,129$702$421$245$140$12
42 years$1,090$668$395$226$127$10
43 years$1,053$637$370$209$115$9
44 years$1,017$607$348$193$105$7
45 years$983$579$326$178$95$6
46 years$951$552$307$165$86$5
47 years$920$527$288$152$78$4
48 years$891$503$271$140$71$4
49 years$863$480$254$130$65$3
50 years$836$459$239$120$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $856,000, adding $2,457 every year, while hoping to spend $23,282 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: 30/47/23 Blend
50$856,000$856,000$856,000$856,000
51$945,846$900,478$887,210$967,399
52$1,017,551$919,830$892,160$1,003,496
53$1,095,789$939,349$896,495$1,040,064
54$1,181,202$959,021$900,171$1,078,923
55$1,274,498$978,825$903,139$1,120,287
56$1,376,453$998,744$905,351$1,164,392
57$1,487,924$1,018,755$906,753$1,211,498
58$1,609,854$1,038,836$907,291$1,261,893
59$1,743,280$1,058,961$906,907$1,315,892
60$1,889,347$1,079,102$905,540$1,373,847
61$2,049,313$1,099,230$903,128$1,436,143
62$2,224,564$1,119,313$899,604$1,503,208
63$2,416,626$1,139,316$894,897$1,575,512
64$2,627,180$1,159,202$888,935$1,653,576
65$2,858,080$1,178,930$881,641$1,737,973
66$3,111,363$1,198,456$872,935$1,829,338
67$3,389,277$1,217,735$862,733$1,928,370
68$3,694,295$1,236,716$850,947$2,035,842
69$4,029,143$1,255,345$837,484$2,152,606
70$4,396,824$1,273,566$822,248$2,279,604
71$4,800,645$1,291,315$805,138$2,417,874
72$5,244,248$1,308,527$786,048$2,568,564
73$5,731,649$1,325,132$764,867$2,732,940
74$6,267,267$1,341,054$741,481$2,912,398
75$6,855,975$1,356,212$715,767$3,108,481
76$7,503,139$1,370,521$687,599$3,322,889
77$8,214,670$1,383,888$656,845$3,557,503
78$8,997,084$1,396,215$623,367$3,814,392
79$9,857,556$1,407,399$587,019$4,095,845
80$10,803,993$1,417,328$547,651$4,404,386
81$11,845,107$1,425,885$505,104$4,742,797
82$12,990,497$1,432,942$459,214$5,114,152
83$14,250,738$1,438,367$409,808$5,521,839
84$15,637,483$1,442,016$356,706$5,969,599
85$17,163,571$1,443,739$299,720$6,461,557
86$18,843,148$1,443,376$238,654$7,002,263
87$20,691,803$1,440,754$173,302$7,596,738
88$22,726,709$1,435,694$103,450$8,250,521
89$24,966,793$1,428,002$28,875$8,969,720
90$27,432,907$1,417,475$0$9,761,073
91$30,148,029$1,403,897$0$10,644,457
92$33,137,478$1,387,038$0$11,623,995
93$36,429,152$1,366,655$0$12,701,697
94$40,053,795$1,342,490$0$13,887,599
95$44,045,280$1,314,270$0$15,192,765
96$48,440,936$1,281,706$0$16,629,392
97$53,281,894$1,244,493$0$18,210,927
98$58,613,480$1,202,305$0$19,952,193
99$64,485,637$1,154,801$0$21,869,534
100$70,953,403$1,101,617$0$23,980,965