Can I retire at age 51 with 861,000?

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 $861,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$71,101$70,467$69,849$69,246$68,657$67,464
2 years$35,198$34,543$33,907$33,291$32,694$31,496
3 years$23,232$22,574$21,940$21,330$20,742$19,577
4 years$17,251$16,594$15,967$15,367$14,794$13,669
5 years$13,663$13,010$12,391$11,803$11,246$10,166
6 years$11,271$10,624$10,014$9,439$8,898$7,864
7 years$9,564$8,922$8,322$7,761$7,237$6,248
8 years$8,284$7,648$7,057$6,510$6,004$5,061
9 years$7,289$6,659$6,078$5,545$5,056$4,159
10 years$6,493$5,869$5,299$4,780$4,308$3,455
11 years$5,843$5,225$4,665$4,160$3,705$2,896
12 years$5,301$4,690$4,140$3,649$3,211$2,444
13 years$4,843$4,238$3,699$3,221$2,800$2,074
14 years$4,451$3,852$3,324$2,860$2,454$1,769
15 years$4,111$3,519$3,001$2,550$2,161$1,514
16 years$3,815$3,229$2,721$2,284$1,910$1,300
17 years$3,553$2,974$2,476$2,052$1,693$1,120
18 years$3,321$2,748$2,260$1,849$1,506$966
19 years$3,113$2,547$2,069$1,671$1,342$836
20 years$2,926$2,366$1,899$1,513$1,199$724
21 years$2,758$2,204$1,747$1,373$1,073$628
22 years$2,605$2,058$1,610$1,249$962$545
23 years$2,465$1,924$1,486$1,137$863$474
24 years$2,337$1,803$1,375$1,037$776$413
25 years$2,220$1,692$1,273$947$698$360
26 years$2,112$1,590$1,181$866$629$313
27 years$2,012$1,497$1,096$793$567$273
28 years$1,919$1,410$1,019$726$512$238
29 years$1,833$1,330$949$666$462$208
30 years$1,753$1,256$884$611$417$182
31 years$1,678$1,188$824$561$377$159
32 years$1,608$1,124$769$516$341$139
33 years$1,542$1,064$718$474$309$121
34 years$1,480$1,009$670$437$280$106
35 years$1,422$957$627$402$253$93
36 years$1,367$908$586$370$230$81
37 years$1,316$862$549$341$208$71
38 years$1,267$820$514$314$189$62
39 years$1,221$779$482$290$171$54
40 years$1,177$742$451$267$155$48
41 years$1,136$706$423$247$141$42
42 years$1,096$672$397$228$128$36
43 years$1,059$641$373$210$116$32
44 years$1,023$611$350$194$105$28
45 years$989$582$328$179$96$24
46 years$957$555$308$165$87$21
47 years$926$530$290$153$79$19
48 years$896$506$272$141$72$16
49 years$868$483$256$131$65$14
50 years$841$462$241$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $861,000, adding $2,735 every year, while hoping to spend $40,711 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: 48/40/12 Blend
50$861,000$861,000$861,000$861,000
51$951,643$906,010$892,665$994,047
52$1,005,395$907,088$879,253$1,024,617
53$1,063,264$906,855$864,027$1,053,340
54$1,125,629$905,203$846,884$1,083,611
55$1,192,903$902,018$827,715$1,115,589
56$1,265,542$897,180$806,406$1,149,447
57$1,344,045$890,559$782,838$1,185,384
58$1,428,963$882,021$756,888$1,223,616
59$1,520,898$871,421$728,425$1,264,388
60$1,620,515$858,607$697,313$1,307,969
61$1,728,545$843,416$663,410$1,354,661
62$1,845,790$825,676$626,567$1,404,797
63$1,973,133$805,207$586,630$1,458,749
64$2,111,546$781,816$543,436$1,516,932
65$2,262,098$755,299$496,815$1,579,803
66$2,425,963$725,440$446,590$1,647,872
67$2,604,437$692,012$392,576$1,721,705
68$2,798,943$654,774$334,580$1,801,930
69$3,011,046$613,469$272,400$1,889,244
70$3,242,473$567,829$205,826$1,984,420
71$3,495,121$517,568$134,636$2,088,316
72$3,771,079$462,385$58,602$2,201,880
73$4,072,647$401,960$0$2,326,167
74$4,402,359$335,958$0$2,465,231
75$4,763,001$264,021$0$2,625,673
76$5,157,645$185,776$0$2,801,449
77$5,589,670$100,824$0$2,994,179
78$6,062,799$8,747$0$3,205,658
79$6,581,130$0$0$3,437,866
80$7,149,180$0$0$3,733,007
81$7,771,919$0$0$4,060,879
82$8,454,823$0$0$4,420,528
83$9,203,923$0$0$4,815,143
84$10,025,864$0$0$5,248,235
85$10,927,961$0$0$5,723,674
86$11,918,275$0$0$6,245,722
87$13,005,684$0$0$6,819,073
88$14,199,969$0$0$7,448,899
89$15,511,904$0$0$8,140,897
90$16,953,357$0$0$8,901,344
91$18,537,405$0$0$9,737,153
92$20,278,452$0$0$10,655,943
93$22,192,368$0$0$11,666,106
94$24,296,638$0$0$12,776,888
95$26,610,523$0$0$13,998,477
96$29,155,247$0$0$15,342,095
97$31,954,192$0$0$16,820,109
98$35,033,120$0$0$18,446,144
99$38,420,417$0$0$20,235,212
100$42,147,356$0$0$22,203,852