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%19.2%
1 years$70,935$70,304$69,687$69,085$68,498$65,963
2 years$35,117$34,463$33,829$33,214$32,618$30,092
3 years$23,178$22,522$21,889$21,281$20,694$18,258
4 years$17,211$16,556$15,930$15,331$14,759$12,430
5 years$13,631$12,980$12,362$11,776$11,220$9,005
6 years$11,245$10,599$9,991$9,417$8,878$6,778
7 years$9,542$8,901$8,302$7,743$7,220$5,235
8 years$8,265$7,630$7,041$6,495$5,990$4,118
9 years$7,272$6,643$6,064$5,532$5,044$3,282
10 years$6,478$5,856$5,287$4,769$4,298$2,643
11 years$5,829$5,213$4,655$4,150$3,696$2,145
12 years$5,289$4,679$4,131$3,640$3,203$1,752
13 years$4,832$4,228$3,691$3,214$2,793$1,438
14 years$4,441$3,843$3,316$2,853$2,449$1,185
15 years$4,102$3,511$2,994$2,544$2,156$979
16 years$3,806$3,221$2,714$2,278$1,905$811
17 years$3,545$2,967$2,470$2,047$1,689$674
18 years$3,313$2,741$2,255$1,845$1,502$560
19 years$3,106$2,541$2,064$1,667$1,339$467
20 years$2,919$2,361$1,894$1,510$1,196$389
21 years$2,751$2,199$1,742$1,370$1,070$325
22 years$2,598$2,053$1,606$1,246$959$271
23 years$2,459$1,920$1,483$1,135$861$227
24 years$2,332$1,799$1,371$1,035$774$190
25 years$2,215$1,688$1,270$945$696$159
26 years$2,107$1,587$1,178$864$627$133
27 years$2,007$1,493$1,094$791$566$111
28 years$1,915$1,407$1,017$725$510$93
29 years$1,829$1,327$946$665$461$78
30 years$1,749$1,254$881$610$416$66
31 years$1,674$1,185$822$560$376$55
32 years$1,604$1,121$767$515$341$46
33 years$1,538$1,062$716$473$308$39
34 years$1,477$1,006$669$436$279$32
35 years$1,419$955$625$401$253$27
36 years$1,364$906$585$369$229$23
37 years$1,313$860$548$340$208$19
38 years$1,264$818$513$314$188$16
39 years$1,218$778$480$289$171$13
40 years$1,174$740$450$267$155$11
41 years$1,133$704$422$246$140$9
42 years$1,094$671$396$227$127$8
43 years$1,056$639$372$210$116$7
44 years$1,021$609$349$194$105$6
45 years$987$581$328$179$95$5
46 years$954$554$308$165$87$4
47 years$923$529$289$153$79$3
48 years$894$505$272$141$71$3
49 years$866$482$255$130$65$2
50 years$839$461$240$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $859,000, adding $3,177 every year, while hoping to spend $28,923 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: 54/27/19 Blend
50$859,000$859,000$859,000$859,000
51$949,895$904,368$891,054$996,135
52$1,016,011$917,908$890,130$1,041,675
53$1,087,900$931,143$888,206$1,087,898
54$1,166,123$944,025$885,218$1,137,584
55$1,251,293$956,508$881,098$1,191,070
56$1,344,087$968,539$875,777$1,248,732
57$1,445,248$980,061$869,179$1,310,980
58$1,555,595$991,016$861,229$1,378,272
59$1,676,030$1,001,341$851,845$1,451,109
60$1,807,545$1,010,966$840,941$1,530,047
61$1,951,233$1,019,821$828,431$1,615,696
62$2,108,295$1,027,829$814,219$1,708,734
63$2,280,055$1,034,907$798,210$1,809,905
64$2,467,972$1,040,968$780,301$1,920,032
65$2,673,649$1,045,920$760,386$2,040,024
66$2,898,855$1,049,664$738,352$2,170,881
67$3,145,536$1,052,095$714,084$2,313,711
68$3,415,834$1,053,101$687,460$2,469,732
69$3,712,111$1,052,565$658,351$2,640,291
70$4,036,965$1,050,359$626,625$2,826,874
71$4,393,260$1,046,352$592,142$3,031,118
72$4,784,151$1,040,401$554,756$3,254,833
73$5,213,109$1,032,356$514,316$3,500,012
74$5,683,962$1,022,057$470,661$3,768,857
75$6,200,924$1,009,335$423,626$4,063,795
76$6,768,638$994,013$373,037$4,387,504
77$7,392,218$975,898$318,713$4,742,939
78$8,077,298$954,791$260,464$5,133,357
79$8,830,086$930,479$198,093$5,562,355
80$9,657,418$902,736$131,392$6,033,896
81$10,566,828$871,324$60,147$6,552,353
82$11,566,615$835,989$0$7,122,549
83$12,665,922$796,465$0$7,753,025
84$13,874,824$752,469$0$8,459,649
85$15,204,418$703,702$0$9,236,733
86$16,666,933$649,848$0$10,091,465
87$18,275,841$590,572$0$11,031,767
88$20,045,989$525,522$0$12,066,373
89$21,993,731$454,323$0$13,204,910
90$24,137,088$376,582$0$14,457,989
91$26,495,918$291,882$0$15,837,308
92$29,092,100$199,782$0$17,355,763
93$31,949,740$99,817$0$19,027,567
94$35,095,402$0$0$20,868,387
95$38,558,356$0$0$22,898,021
96$42,370,852$0$0$25,165,272
97$46,568,429$0$0$27,661,629
98$51,190,245$0$0$30,410,394
99$56,279,448$0$0$33,437,243
100$61,883,586$0$0$36,770,467