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%14.8%
1 years$70,853$70,222$69,606$69,005$68,418$67,064
2 years$35,076$34,422$33,789$33,175$32,580$31,222
3 years$23,151$22,495$21,864$21,256$20,670$19,350
4 years$17,191$16,537$15,911$15,314$14,742$13,470
5 years$13,615$12,965$12,348$11,762$11,207$9,986
6 years$11,232$10,587$9,979$9,406$8,867$7,700
7 years$9,531$8,891$8,293$7,734$7,212$6,097
8 years$8,255$7,621$7,033$6,487$5,983$4,922
9 years$7,264$6,635$6,057$5,526$5,038$4,030
10 years$6,471$5,849$5,281$4,763$4,293$3,335
11 years$5,823$5,207$4,649$4,146$3,692$2,785
12 years$5,283$4,673$4,126$3,636$3,199$2,341
13 years$4,826$4,223$3,686$3,210$2,790$1,979
14 years$4,436$3,839$3,312$2,850$2,446$1,681
15 years$4,097$3,507$2,990$2,541$2,153$1,433
16 years$3,801$3,218$2,711$2,276$1,903$1,225
17 years$3,541$2,963$2,467$2,045$1,687$1,051
18 years$3,309$2,738$2,252$1,843$1,500$903
19 years$3,102$2,538$2,062$1,665$1,337$777
20 years$2,916$2,358$1,892$1,508$1,195$670
21 years$2,748$2,197$1,740$1,369$1,069$579
22 years$2,595$2,050$1,604$1,244$958$500
23 years$2,456$1,918$1,481$1,133$860$433
24 years$2,329$1,797$1,370$1,034$773$375
25 years$2,212$1,686$1,269$944$696$325
26 years$2,104$1,585$1,177$863$627$282
27 years$2,005$1,491$1,093$790$565$245
28 years$1,912$1,405$1,016$724$510$213
29 years$1,826$1,326$945$664$460$185
30 years$1,747$1,252$880$609$416$160
31 years$1,672$1,184$821$559$376$140
32 years$1,602$1,120$766$514$340$121
33 years$1,537$1,061$715$473$308$106
34 years$1,475$1,005$668$435$279$92
35 years$1,417$953$625$400$252$80
36 years$1,363$905$584$369$229$69
37 years$1,311$859$547$340$207$60
38 years$1,263$817$512$313$188$53
39 years$1,217$777$480$289$170$46
40 years$1,173$739$450$266$155$40
41 years$1,132$703$422$246$140$35
42 years$1,092$670$396$227$127$30
43 years$1,055$638$371$209$115$26
44 years$1,019$608$348$193$105$23
45 years$986$580$327$179$95$20
46 years$953$553$307$165$86$17
47 years$922$528$289$152$78$15
48 years$893$504$271$141$71$13
49 years$865$482$255$130$65$11
50 years$838$460$240$120$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $858,000, adding $6,711 every year, while hoping to spend $59,733 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: 55/32/13 Blend
50$858,000$858,000$858,000$858,000
51$952,438$906,964$893,665$1,001,264
52$986,032$887,850$860,048$1,016,058
53$1,021,049$865,797$823,302$1,025,095
54$1,057,574$840,599$783,260$1,033,551
55$1,095,694$812,036$739,747$1,041,384
56$1,135,505$779,876$692,578$1,048,547
57$1,177,110$743,873$641,563$1,054,998
58$1,220,621$703,769$586,502$1,060,688
59$1,266,159$659,288$527,184$1,065,571
60$1,313,855$610,140$463,392$1,069,600
61$1,363,849$556,019$394,897$1,072,726
62$1,416,296$496,598$321,460$1,074,903
63$1,471,363$431,536$242,834$1,076,084
64$1,529,231$360,470$158,758$1,076,220
65$1,590,097$283,018$68,961$1,075,268
66$1,654,175$198,774$0$1,073,183
67$1,721,698$107,311$0$1,073,651
68$1,792,921$8,179$0$1,083,357
69$1,868,120$0$0$1,092,733
70$1,947,598$0$0$1,136,688
71$2,031,684$0$0$1,186,275
72$2,120,737$0$0$1,238,828
73$2,215,151$0$0$1,294,587
74$2,315,356$0$0$1,353,808
75$2,421,821$0$0$1,416,776
76$2,535,060$0$0$1,483,801
77$2,655,634$0$0$1,555,221
78$2,784,160$0$0$1,631,409
79$2,921,312$0$0$1,712,770
80$3,067,829$0$0$1,799,752
81$3,224,519$0$0$1,892,842
82$3,392,270$0$0$1,992,578
83$3,572,055$0$0$2,099,546
84$3,764,943$0$0$2,214,393
85$3,972,104$0$0$2,337,826
86$4,194,824$0$0$2,470,622
87$4,434,515$0$0$2,613,635
88$4,692,726$0$0$2,767,802
89$4,971,161$0$0$2,934,153
90$5,271,689$0$0$3,113,819
91$5,596,366$0$0$3,308,043
92$5,947,449$0$0$3,518,190
93$6,327,420$0$0$3,745,764
94$6,739,008$0$0$3,992,416
95$7,185,213$0$0$4,259,959
96$7,669,334$0$0$4,550,393
97$8,195,000$0$0$4,865,912
98$8,766,200$0$0$5,208,932
99$9,387,324$0$0$5,582,112
100$10,063,203$0$0$5,988,374