Can I retire at age 51 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$70,770$70,140$69,525$68,925$68,338$66,986
2 years$35,035$34,382$33,750$33,137$32,542$31,185
3 years$23,125$22,469$21,838$21,231$20,646$19,327
4 years$17,171$16,517$15,893$15,296$14,725$13,454
5 years$13,599$12,950$12,333$11,749$11,194$9,974
6 years$11,219$10,574$9,967$9,395$8,857$7,691
7 years$9,519$8,880$8,283$7,725$7,203$6,090
8 years$8,245$7,612$7,025$6,480$5,976$4,916
9 years$7,255$6,628$6,050$5,519$5,032$4,025
10 years$6,463$5,842$5,275$4,758$4,288$3,332
11 years$5,816$5,201$4,644$4,141$3,688$2,782
12 years$5,277$4,668$4,121$3,632$3,196$2,338
13 years$4,821$4,218$3,682$3,206$2,787$1,977
14 years$4,430$3,834$3,308$2,846$2,443$1,679
15 years$4,092$3,503$2,987$2,538$2,151$1,431
16 years$3,797$3,214$2,708$2,273$1,901$1,224
17 years$3,536$2,960$2,464$2,042$1,686$1,049
18 years$3,305$2,735$2,250$1,840$1,499$902
19 years$3,098$2,535$2,059$1,663$1,336$776
20 years$2,913$2,355$1,890$1,506$1,193$670
21 years$2,745$2,194$1,738$1,367$1,068$578
22 years$2,592$2,048$1,602$1,243$957$500
23 years$2,453$1,915$1,479$1,132$859$433
24 years$2,326$1,795$1,368$1,032$772$375
25 years$2,209$1,684$1,267$943$695$325
26 years$2,102$1,583$1,175$862$626$282
27 years$2,002$1,490$1,091$789$564$245
28 years$1,910$1,404$1,015$723$509$212
29 years$1,824$1,324$944$663$460$184
30 years$1,744$1,251$879$608$415$160
31 years$1,670$1,182$820$559$376$139
32 years$1,600$1,119$765$514$340$121
33 years$1,535$1,059$714$472$307$105
34 years$1,473$1,004$667$435$278$92
35 years$1,416$952$624$400$252$80
36 years$1,361$904$584$368$228$69
37 years$1,310$858$546$339$207$60
38 years$1,261$816$512$313$188$53
39 years$1,215$776$479$288$170$46
40 years$1,172$738$449$266$154$40
41 years$1,130$703$421$245$140$35
42 years$1,091$669$395$227$127$30
43 years$1,054$638$371$209$115$26
44 years$1,018$608$348$193$105$23
45 years$984$580$327$178$95$20
46 years$952$553$307$165$86$17
47 years$921$528$288$152$78$15
48 years$892$504$271$141$71$13
49 years$864$481$255$130$65$11
50 years$837$459$239$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $857,000, adding $4,542 every year, while hoping to spend $45,155 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: 68/15/17 Blend
50$857,000$857,000$857,000$857,000
51$949,099$903,678$890,395$1,009,462
52$997,863$899,914$872,178$1,046,556
53$1,050,087$894,452$851,838$1,081,382
54$1,106,076$887,161$829,256$1,118,353
55$1,166,167$877,902$804,307$1,157,675
56$1,230,726$866,529$776,861$1,199,577
57$1,300,156$852,885$746,782$1,244,316
58$1,374,901$836,806$713,928$1,292,170
59$1,455,447$818,116$678,151$1,343,451
60$1,542,329$796,629$639,295$1,398,504
61$1,636,133$772,150$597,198$1,457,709
62$1,737,504$744,471$551,689$1,521,486
63$1,847,151$713,372$502,593$1,590,302
64$1,965,854$678,621$449,723$1,664,671
65$2,094,468$639,971$392,886$1,745,163
66$2,233,937$597,162$331,880$1,832,408
67$2,385,294$549,919$266,494$1,927,100
68$2,549,681$497,951$196,508$2,030,010
69$2,728,349$440,952$121,692$2,141,988
70$2,922,677$378,595$41,805$2,263,973
71$3,134,182$310,538$0$2,397,005
72$3,364,532$236,417$0$2,550,112
73$3,615,563$155,851$0$2,725,285
74$3,889,297$68,435$0$2,916,385
75$4,187,958$0$0$3,125,010
76$4,513,994$0$0$3,357,258
77$4,870,099$0$0$3,623,311
78$5,259,242$0$0$3,914,094
79$5,684,687$0$0$4,232,056
80$6,150,031$0$0$4,579,890
81$6,659,233$0$0$4,960,562
82$7,216,654$0$0$5,377,339
83$7,827,095$0$0$5,833,817
84$8,495,842$0$0$6,333,957
85$9,228,719$0$0$6,882,122
86$10,032,137$0$0$7,483,117
87$10,913,161$0$0$8,142,231
88$11,879,567$0$0$8,865,294
89$12,939,925$0$0$9,658,725
90$14,103,671$0$0$10,529,595
91$15,381,201$0$0$11,485,693
92$16,783,967$0$0$12,535,598
93$18,324,582$0$0$13,688,762
94$20,016,943$0$0$14,955,596
95$21,876,356$0$0$16,347,571
96$23,919,687$0$0$17,877,322
97$26,165,514$0$0$19,558,770
98$28,634,305$0$0$21,407,252
99$31,348,609$0$0$23,439,663
100$34,333,271$0$0$25,674,620