Can I retire at age 51 with 859,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%
1 years$70,935$70,304$69,687$69,085$68,498$66,015
2 years$35,117$34,463$33,829$33,214$32,618$30,144
3 years$23,178$22,522$21,889$21,281$20,694$18,306
4 years$17,211$16,556$15,930$15,331$14,759$12,476
5 years$13,631$12,980$12,362$11,776$11,220$9,047
6 years$11,245$10,599$9,991$9,417$8,878$6,818
7 years$9,542$8,901$8,302$7,743$7,220$5,272
8 years$8,265$7,630$7,041$6,495$5,990$4,151
9 years$7,272$6,643$6,064$5,532$5,044$3,313
10 years$6,478$5,856$5,287$4,769$4,298$2,672
11 years$5,829$5,213$4,655$4,150$3,696$2,171
12 years$5,289$4,679$4,131$3,640$3,203$1,776
13 years$4,832$4,228$3,691$3,214$2,793$1,459
14 years$4,441$3,843$3,316$2,853$2,449$1,204
15 years$4,102$3,511$2,994$2,544$2,156$996
16 years$3,806$3,221$2,714$2,278$1,905$827
17 years$3,545$2,967$2,470$2,047$1,689$688
18 years$3,313$2,741$2,255$1,845$1,502$573
19 years$3,106$2,541$2,064$1,667$1,339$478
20 years$2,919$2,361$1,894$1,510$1,196$399
21 years$2,751$2,199$1,742$1,370$1,070$334
22 years$2,598$2,053$1,606$1,246$959$279
23 years$2,459$1,920$1,483$1,135$861$234
24 years$2,332$1,799$1,371$1,035$774$196
25 years$2,215$1,688$1,270$945$696$164
26 years$2,107$1,587$1,178$864$627$138
27 years$2,007$1,493$1,094$791$566$116
28 years$1,915$1,407$1,017$725$510$97
29 years$1,829$1,327$946$665$461$81
30 years$1,749$1,254$881$610$416$68
31 years$1,674$1,185$822$560$376$57
32 years$1,604$1,121$767$515$341$48
33 years$1,538$1,062$716$473$308$40
34 years$1,477$1,006$669$436$279$34
35 years$1,419$955$625$401$253$29
36 years$1,364$906$585$369$229$24
37 years$1,313$860$548$340$208$20
38 years$1,264$818$513$314$188$17
39 years$1,218$778$480$289$171$14
40 years$1,174$740$450$267$155$12
41 years$1,133$704$422$246$140$10
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$4
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 $2,777 every year, while hoping to spend $23,435 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: 40/45/15 Blend
50$859,000$859,000$859,000$859,000
51$949,482$903,955$890,641$983,121
52$1,021,395$923,315$895,543$1,026,606
53$1,099,857$942,837$899,823$1,071,124
54$1,185,512$962,506$903,437$1,118,781
55$1,279,069$982,302$906,336$1,169,872
56$1,381,306$1,002,207$908,471$1,224,723
57$1,493,082$1,022,198$909,787$1,283,695
58$1,615,342$1,042,252$910,231$1,347,184
59$1,749,126$1,062,341$909,743$1,415,629
60$1,895,580$1,082,440$908,263$1,489,510
61$2,055,967$1,102,516$905,727$1,569,361
62$2,231,674$1,122,538$902,067$1,655,767
63$2,424,232$1,142,470$897,214$1,749,376
64$2,635,327$1,162,274$891,094$1,850,901
65$2,866,813$1,181,909$883,629$1,961,129
66$3,120,736$1,201,330$874,738$2,080,927
67$3,399,347$1,220,491$864,337$2,211,253
68$3,705,125$1,239,339$852,337$2,353,162
69$4,040,802$1,257,822$838,645$2,507,818
70$4,409,387$1,275,879$823,163$2,676,505
71$4,814,196$1,293,448$805,790$2,860,638
72$5,258,879$1,310,462$786,419$3,061,779
73$5,747,460$1,326,849$764,939$3,281,650
74$6,284,369$1,342,533$741,233$3,522,151
75$6,874,489$1,357,432$715,178$3,785,375
76$7,523,198$1,371,457$686,648$4,073,632
77$8,236,422$1,384,517$655,509$4,389,471
78$9,020,690$1,396,510$621,621$4,735,700
79$9,883,193$1,407,333$584,839$5,115,418
80$10,831,858$1,416,871$545,010$5,532,040
81$11,875,414$1,425,005$501,974$5,989,335
82$13,023,483$1,431,606$455,567$6,491,456
83$14,286,663$1,436,539$405,613$7,042,986
84$15,676,633$1,439,660$351,931$7,648,975
85$17,206,261$1,440,815$294,332$8,314,995
86$18,889,725$1,439,841$232,618$9,047,187
87$20,742,648$1,436,564$166,582$9,852,325
88$22,782,243$1,430,801$96,008$10,737,875
89$25,027,479$1,422,357$20,671$11,712,072
90$27,499,254$1,411,024$0$12,783,995
91$30,220,598$1,396,584$0$13,973,213
92$33,216,886$1,378,804$0$15,285,354
93$36,516,079$1,357,437$0$16,729,316
94$40,148,989$1,332,221$0$18,318,555
95$44,149,567$1,302,880$0$20,067,908
96$48,555,223$1,269,122$0$21,993,725
97$53,407,181$1,230,634$0$24,114,032
98$58,750,868$1,187,090$0$26,448,698
99$64,636,340$1,138,140$0$29,019,622
100$71,118,755$1,083,418$0$31,850,946