Can I retire at age 51 with 856,000?

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 $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%14.1%
1 years$70,688$70,058$69,444$68,844$68,259$67,100
2 years$34,994$34,342$33,711$33,098$32,504$31,341
3 years$23,098$22,443$21,813$21,206$20,622$19,490
4 years$17,151$16,498$15,874$15,278$14,708$13,615
5 years$13,583$12,935$12,319$11,735$11,181$10,131
6 years$11,206$10,562$9,956$9,385$8,847$7,841
7 years$9,508$8,870$8,273$7,716$7,195$6,234
8 years$8,236$7,603$7,016$6,472$5,969$5,052
9 years$7,247$6,620$6,043$5,513$5,027$4,154
10 years$6,456$5,835$5,269$4,752$4,283$3,453
11 years$5,809$5,195$4,638$4,136$3,683$2,896
12 years$5,270$4,663$4,116$3,628$3,192$2,445
13 years$4,815$4,214$3,678$3,203$2,783$2,077
14 years$4,425$3,830$3,304$2,843$2,440$1,772
15 years$4,088$3,499$2,983$2,535$2,148$1,518
16 years$3,792$3,210$2,705$2,270$1,899$1,305
17 years$3,532$2,956$2,461$2,040$1,684$1,124
18 years$3,301$2,732$2,247$1,838$1,497$971
19 years$3,095$2,532$2,057$1,661$1,334$840
20 years$2,909$2,353$1,888$1,504$1,192$729
21 years$2,742$2,191$1,736$1,365$1,066$632
22 years$2,589$2,046$1,600$1,241$956$550
23 years$2,451$1,913$1,478$1,131$858$478
24 years$2,324$1,793$1,367$1,031$771$417
25 years$2,207$1,682$1,266$942$694$363
26 years$2,099$1,581$1,174$861$625$317
27 years$2,000$1,488$1,090$788$564$277
28 years$1,908$1,402$1,013$722$509$241
29 years$1,822$1,323$943$662$459$211
30 years$1,742$1,249$878$608$415$184
31 years$1,668$1,181$819$558$375$161
32 years$1,598$1,117$764$513$339$141
33 years$1,533$1,058$713$472$307$123
34 years$1,472$1,003$667$434$278$108
35 years$1,414$951$623$400$252$94
36 years$1,360$903$583$368$228$83
37 years$1,308$857$546$339$207$72
38 years$1,260$815$511$312$188$63
39 years$1,214$775$479$288$170$56
40 years$1,170$737$449$266$154$49
41 years$1,129$702$421$245$140$43
42 years$1,090$668$395$226$127$37
43 years$1,053$637$370$209$115$33
44 years$1,017$607$348$193$105$29
45 years$983$579$326$178$95$25
46 years$951$552$307$165$86$22
47 years$920$527$288$152$78$19
48 years$891$503$271$140$71$17
49 years$863$480$254$130$65$15
50 years$836$459$239$120$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $856,000, adding $4,955 every year, while hoping to spend $49,557 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: 40/44/16 Blend
50$856,000$856,000$856,000$856,000
51$948,423$903,055$889,787$981,668
52$992,434$894,577$866,867$997,281
53$1,039,273$884,022$841,518$1,008,977
54$1,089,176$871,236$813,606$1,020,574
55$1,142,403$856,057$782,992$1,032,087
56$1,199,235$838,311$749,530$1,043,538
57$1,259,984$817,816$713,066$1,054,954
58$1,324,990$794,376$673,441$1,066,369
59$1,394,626$767,787$630,488$1,077,825
60$1,469,301$737,832$584,033$1,089,374
61$1,549,465$704,281$533,893$1,101,077
62$1,635,609$666,889$479,877$1,113,007
63$1,728,275$625,401$421,787$1,125,253
64$1,828,057$579,543$359,414$1,137,915
65$1,935,606$529,029$292,543$1,151,113
66$2,051,640$473,553$220,945$1,164,984
67$2,176,946$412,796$144,385$1,179,689
68$2,312,388$346,416$62,615$1,195,411
69$2,458,917$274,056$0$1,212,362
70$2,617,577$195,335$0$1,234,990
71$2,789,519$109,855$0$1,271,044
72$2,976,004$17,193$0$1,310,185
73$3,178,422$0$0$1,352,819
74$3,398,302$0$0$1,439,636
75$3,637,323$0$0$1,543,159
76$3,897,334$0$0$1,655,876
77$4,180,370$0$0$1,778,683
78$4,488,670$0$0$1,912,565
79$4,824,696$0$0$2,058,605
80$5,191,159$0$0$2,217,996
81$5,591,044$0$0$2,392,052
82$6,027,633$0$0$2,582,218
83$6,504,544$0$0$2,790,085
84$7,025,755$0$0$3,017,405
85$7,595,649$0$0$3,266,109
86$8,219,050$0$0$3,538,319
87$8,901,270$0$0$3,836,376
88$9,648,159$0$0$4,162,855
89$10,466,158$0$0$4,520,592
90$11,362,360$0$0$4,912,711
91$12,344,577$0$0$5,342,655
92$13,421,413$0$0$5,814,211
93$14,602,343$0$0$6,331,553
94$15,897,805$0$0$6,899,280
95$17,319,293$0$0$7,522,455
96$18,879,471$0$0$8,206,657
97$20,592,285$0$0$8,958,030
98$22,473,100$0$0$9,783,343
99$24,538,841$0$0$10,690,054
100$26,808,152$0$0$11,686,376