Can I retire at age 51 with 859,000?

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 $859,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$70,935$70,304$69,687$69,085$68,498$66,465
2 years$35,117$34,463$33,829$33,214$32,618$30,587
3 years$23,178$22,522$21,889$21,281$20,694$18,728
4 years$17,211$16,556$15,930$15,331$14,759$12,874
5 years$13,631$12,980$12,362$11,776$11,220$9,420
6 years$11,245$10,599$9,991$9,417$8,878$7,165
7 years$9,542$8,901$8,302$7,743$7,220$5,594
8 years$8,265$7,630$7,041$6,495$5,990$4,450
9 years$7,272$6,643$6,064$5,532$5,044$3,589
10 years$6,478$5,856$5,287$4,769$4,298$2,925
11 years$5,829$5,213$4,655$4,150$3,696$2,403
12 years$5,289$4,679$4,131$3,640$3,203$1,987
13 years$4,832$4,228$3,691$3,214$2,793$1,652
14 years$4,441$3,843$3,316$2,853$2,449$1,379
15 years$4,102$3,511$2,994$2,544$2,156$1,155
16 years$3,806$3,221$2,714$2,278$1,905$971
17 years$3,545$2,967$2,470$2,047$1,689$817
18 years$3,313$2,741$2,255$1,845$1,502$690
19 years$3,106$2,541$2,064$1,667$1,339$583
20 years$2,919$2,361$1,894$1,510$1,196$493
21 years$2,751$2,199$1,742$1,370$1,070$418
22 years$2,598$2,053$1,606$1,246$959$354
23 years$2,459$1,920$1,483$1,135$861$301
24 years$2,332$1,799$1,371$1,035$774$255
25 years$2,215$1,688$1,270$945$696$217
26 years$2,107$1,587$1,178$864$627$184
27 years$2,007$1,493$1,094$791$566$157
28 years$1,915$1,407$1,017$725$510$133
29 years$1,829$1,327$946$665$461$114
30 years$1,749$1,254$881$610$416$97
31 years$1,674$1,185$822$560$376$82
32 years$1,604$1,121$767$515$341$70
33 years$1,538$1,062$716$473$308$60
34 years$1,477$1,006$669$436$279$51
35 years$1,419$955$625$401$253$43
36 years$1,364$906$585$369$229$37
37 years$1,313$860$548$340$208$31
38 years$1,264$818$513$314$188$27
39 years$1,218$778$480$289$171$23
40 years$1,174$740$450$267$155$19
41 years$1,133$704$422$246$140$17
42 years$1,094$671$396$227$127$14
43 years$1,056$639$372$210$116$12
44 years$1,021$609$349$194$105$10
45 years$987$581$328$179$95$9
46 years$954$554$308$165$87$7
47 years$923$529$289$153$79$6
48 years$894$505$272$141$71$5
49 years$866$482$255$130$65$5
50 years$839$461$240$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $859,000, adding $6,200 every year, while hoping to spend $51,276 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: 56/37/7 Blend
50$859,000$859,000$859,000$859,000
51$953,013$907,486$894,172$1,004,539
52$995,663$897,396$869,569$1,029,892
53$1,040,945$885,092$842,424$1,051,231
54$1,089,073$870,413$812,597$1,073,214
55$1,140,282$853,187$779,942$1,095,909
56$1,194,827$833,230$744,307$1,119,393
57$1,252,991$810,349$705,532$1,143,752
58$1,315,080$784,341$663,452$1,169,085
59$1,381,433$754,988$617,892$1,195,505
60$1,452,418$722,062$568,671$1,223,136
61$1,528,442$685,319$515,598$1,252,122
62$1,609,947$644,505$458,475$1,282,623
63$1,697,423$599,347$397,095$1,314,821
64$1,791,405$549,559$331,242$1,348,918
65$1,892,479$494,838$260,689$1,385,143
66$2,001,290$434,864$185,201$1,423,753
67$2,118,548$369,298$104,531$1,465,037
68$2,245,029$297,783$18,422$1,509,317
69$2,381,588$219,940$0$1,556,954
70$2,529,165$135,372$0$1,613,841
71$2,688,791$43,657$0$1,676,768
72$2,861,601$0$0$1,744,884
73$3,048,842$0$0$1,841,436
74$3,251,886$0$0$1,965,476
75$3,472,240$0$0$2,100,160
76$3,711,563$0$0$2,246,508
77$3,971,679$0$0$2,405,645
78$4,254,596$0$0$2,578,810
79$4,562,521$0$0$2,767,363
80$4,897,883$0$0$2,972,802
81$5,263,358$0$0$3,196,775
82$5,661,886$0$0$3,441,098
83$6,096,707$0$0$3,707,766
84$6,571,384$0$0$3,998,978
85$7,089,843$0$0$4,317,154
86$7,656,401$0$0$4,664,957
87$8,275,816$0$0$5,045,322
88$8,953,322$0$0$5,461,476
89$9,694,685$0$0$5,916,976
90$10,506,254$0$0$6,415,739
91$11,395,017$0$0$6,962,074
92$12,368,674$0$0$7,560,732
93$13,435,702$0$0$8,216,941
94$14,605,438$0$0$8,936,461
95$15,888,164$0$0$9,725,637
96$17,295,207$0$0$10,591,454
97$18,839,042$0$0$11,541,610
98$20,533,409$0$0$12,584,581
99$22,393,444$0$0$13,729,706
100$24,435,820$0$0$14,987,270