Can I retire at age 51 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$71,018$70,385$69,768$69,166$68,578$67,693
2 years$35,157$34,503$33,868$33,253$32,656$31,766
3 years$23,205$22,548$21,915$21,305$20,718$19,850
4 years$17,231$16,575$15,948$15,349$14,776$13,937
5 years$13,647$12,995$12,377$11,790$11,233$10,425
6 years$11,258$10,611$10,002$9,428$8,888$8,113
7 years$9,553$8,911$8,312$7,752$7,228$6,486
8 years$8,274$7,639$7,049$6,503$5,997$5,287
9 years$7,280$6,651$6,071$5,539$5,050$4,373
10 years$6,486$5,862$5,293$4,774$4,303$3,657
11 years$5,836$5,219$4,660$4,155$3,701$3,086
12 years$5,295$4,684$4,136$3,645$3,207$2,623
13 years$4,838$4,233$3,695$3,218$2,796$2,242
14 years$4,446$3,848$3,320$2,856$2,451$1,926
15 years$4,107$3,515$2,997$2,547$2,158$1,661
16 years$3,810$3,225$2,718$2,281$1,908$1,438
17 years$3,549$2,970$2,473$2,049$1,691$1,248
18 years$3,317$2,745$2,257$1,847$1,504$1,086
19 years$3,109$2,544$2,067$1,669$1,340$946
20 years$2,923$2,364$1,897$1,511$1,197$827
21 years$2,754$2,202$1,745$1,372$1,071$723
22 years$2,601$2,055$1,608$1,247$960$633
23 years$2,462$1,922$1,485$1,136$862$555
24 years$2,334$1,801$1,373$1,036$775$487
25 years$2,217$1,690$1,272$946$697$428
26 years$2,109$1,588$1,179$865$628$377
27 years$2,009$1,495$1,095$792$566$331
28 years$1,917$1,409$1,018$725$511$292
29 years$1,831$1,329$947$665$461$257
30 years$1,751$1,255$882$611$417$226
31 years$1,676$1,186$823$561$377$200
32 years$1,606$1,123$768$515$341$176
33 years$1,540$1,063$717$474$309$155
34 years$1,479$1,008$670$436$279$137
35 years$1,421$956$626$401$253$121
36 years$1,366$907$586$370$229$107
37 years$1,314$861$548$341$208$94
38 years$1,266$819$513$314$188$83
39 years$1,219$779$481$289$171$74
40 years$1,176$741$451$267$155$65
41 years$1,134$705$423$246$141$57
42 years$1,095$671$397$227$128$51
43 years$1,057$640$372$210$116$45
44 years$1,022$610$349$194$105$40
45 years$988$582$328$179$95$35
46 years$955$555$308$165$87$31
47 years$925$529$289$153$79$27
48 years$895$505$272$141$71$24
49 years$867$483$256$130$65$21
50 years$840$461$240$121$59$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $860,000, adding $4,714 every year, while hoping to spend $57,671 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: 45/50/5 Blend
50$860,000$860,000$860,000$860,000
51$952,582$907,002$893,672$993,939
52$988,384$890,084$862,249$1,005,968
53$1,025,905$870,404$827,840$1,012,614
54$1,065,259$847,765$790,284$1,018,459
55$1,106,571$821,961$749,414$1,023,447
56$1,149,975$792,771$705,054$1,027,522
57$1,195,619$759,963$657,019$1,030,624
58$1,243,660$723,290$605,117$1,032,693
59$1,294,274$682,491$549,149$1,033,669
60$1,347,649$637,292$488,904$1,033,491
61$1,403,991$587,401$424,164$1,032,096
62$1,463,524$532,510$354,700$1,029,423
63$1,526,494$472,294$280,274$1,025,411
64$1,593,169$406,408$200,635$1,019,998
65$1,663,839$334,490$115,524$1,013,126
66$1,738,826$256,155$24,668$1,004,739
67$1,818,477$170,997$0$994,782
68$1,903,175$78,589$0$987,061
69$1,993,337$0$0$979,329
70$2,089,421$0$0$982,086
71$2,191,928$0$0$1,031,216
72$2,301,406$0$0$1,083,750
73$2,418,457$0$0$1,139,984
74$2,543,739$0$0$1,200,242
75$2,677,976$0$0$1,264,883
76$2,821,961$0$0$1,334,297
77$2,976,564$0$0$1,408,913
78$3,142,738$0$0$1,489,203
79$3,321,534$0$0$1,575,686
80$3,514,101$0$0$1,668,929
81$3,721,704$0$0$1,769,557
82$3,945,731$0$0$1,878,257
83$4,187,708$0$0$1,995,782
84$4,449,311$0$0$2,122,963
85$4,732,382$0$0$2,260,709
86$5,038,949$0$0$2,410,024
87$5,371,237$0$0$2,572,009
88$5,731,695$0$0$2,747,875
89$6,123,016$0$0$2,938,955
90$6,548,163$0$0$3,146,716
91$7,010,394$0$0$3,372,770
92$7,513,293$0$0$3,618,892
93$8,060,805$0$0$3,887,034
94$8,657,269$0$0$4,179,346
95$9,307,463$0$0$4,498,192
96$10,016,641$0$0$4,846,176
97$10,790,590$0$0$5,226,163
98$11,635,677$0$0$5,641,308
99$12,558,913$0$0$6,095,083
100$13,568,016$0$0$6,591,311