Can I retire at age 51 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$70,853$70,222$69,606$69,005$68,418$68,073
2 years$35,076$34,422$33,789$33,175$32,580$32,231
3 years$23,151$22,495$21,864$21,256$20,670$20,329
4 years$17,191$16,537$15,911$15,314$14,742$14,411
5 years$13,615$12,965$12,348$11,762$11,207$10,887
6 years$11,232$10,587$9,979$9,406$8,867$8,559
7 years$9,531$8,891$8,293$7,734$7,212$6,915
8 years$8,255$7,621$7,033$6,487$5,983$5,698
9 years$7,264$6,635$6,057$5,526$5,038$4,766
10 years$6,471$5,849$5,281$4,763$4,293$4,032
11 years$5,823$5,207$4,649$4,146$3,692$3,442
12 years$5,283$4,673$4,126$3,636$3,199$2,961
13 years$4,826$4,223$3,686$3,210$2,790$2,563
14 years$4,436$3,839$3,312$2,850$2,446$2,229
15 years$4,097$3,507$2,990$2,541$2,153$1,947
16 years$3,801$3,218$2,711$2,276$1,903$1,707
17 years$3,541$2,963$2,467$2,045$1,687$1,501
18 years$3,309$2,738$2,252$1,843$1,500$1,324
19 years$3,102$2,538$2,062$1,665$1,337$1,170
20 years$2,916$2,358$1,892$1,508$1,195$1,036
21 years$2,748$2,197$1,740$1,369$1,069$919
22 years$2,595$2,050$1,604$1,244$958$817
23 years$2,456$1,918$1,481$1,133$860$727
24 years$2,329$1,797$1,370$1,034$773$647
25 years$2,212$1,686$1,269$944$696$577
26 years$2,104$1,585$1,177$863$627$515
27 years$2,005$1,491$1,093$790$565$460
28 years$1,912$1,405$1,016$724$510$411
29 years$1,826$1,326$945$664$460$368
30 years$1,747$1,252$880$609$416$329
31 years$1,672$1,184$821$559$376$295
32 years$1,602$1,120$766$514$340$264
33 years$1,537$1,061$715$473$308$237
34 years$1,475$1,005$668$435$279$212
35 years$1,417$953$625$400$252$190
36 years$1,363$905$584$369$229$171
37 years$1,311$859$547$340$207$153
38 years$1,263$817$512$313$188$137
39 years$1,217$777$480$289$170$123
40 years$1,173$739$450$266$155$111
41 years$1,132$703$422$246$140$99
42 years$1,092$670$396$227$127$89
43 years$1,055$638$371$209$115$80
44 years$1,019$608$348$193$105$72
45 years$986$580$327$179$95$65
46 years$953$553$307$165$86$58
47 years$922$528$289$152$78$52
48 years$893$504$271$141$71$47
49 years$865$482$255$130$65$42
50 years$838$460$240$120$59$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $858,000, adding $3,203 every year, while hoping to spend $42,907 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: 63/30/7 Blend
50$858,000$858,000$858,000$858,000
51$948,820$903,346$890,047$1,007,132
52$999,947$901,957$874,211$1,045,026
53$1,054,851$899,062$856,406$1,081,061
54$1,113,871$894,542$836,522$1,119,296
55$1,177,382$888,271$814,441$1,159,942
56$1,245,792$880,113$790,042$1,203,233
57$1,319,553$869,928$763,198$1,249,427
58$1,399,157$857,565$733,775$1,298,811
59$1,485,149$842,864$701,635$1,351,701
60$1,578,126$825,655$666,631$1,408,448
61$1,678,743$805,761$628,611$1,469,441
62$1,787,722$782,990$587,417$1,535,109
63$1,905,856$757,143$542,882$1,605,928
64$2,034,017$728,006$494,832$1,682,424
65$2,173,163$695,356$443,086$1,765,179
66$2,324,351$658,953$387,454$1,854,837
67$2,488,740$618,547$327,738$1,952,110
68$2,667,606$573,871$263,733$2,057,786
69$2,862,355$524,643$195,221$2,172,736
70$3,074,531$470,567$121,977$2,297,923
71$3,305,837$411,328$43,767$2,434,413
72$3,558,143$346,595$0$2,583,383
73$3,833,511$276,015$0$2,749,100
74$4,134,208$199,218$0$2,933,719
75$4,462,731$115,814$0$3,135,577
76$4,821,828$25,387$0$3,356,453
77$5,214,527$0$0$3,598,311
78$5,644,158$0$0$3,887,251
79$6,114,390$0$0$4,212,730
80$6,629,264$0$0$4,569,170
81$7,193,228$0$0$4,959,660
82$7,811,181$0$0$5,387,599
83$8,488,519$0$0$5,856,733
84$9,231,184$0$0$6,371,186
85$10,045,722$0$0$6,935,501
86$10,939,341$0$0$7,554,681
87$11,919,980$0$0$8,234,238
88$12,996,388$0$0$8,980,242
89$14,178,196$0$0$9,799,382
90$15,476,019$0$0$10,699,023
91$16,901,546$0$0$11,687,281
92$18,467,657$0$0$12,773,096
93$20,188,539$0$0$13,966,315
94$22,079,822$0$0$15,277,789
95$24,158,726$0$0$16,719,471
96$26,444,221$0$0$18,304,530
97$28,957,207$0$0$20,047,475
98$31,720,712$0$0$21,964,291
99$34,760,105$0$0$24,072,589
100$38,103,339$0$0$26,391,774