Can I retire at age 51 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$71,183$70,549$69,930$69,327$68,737$67,626
2 years$35,239$34,583$33,947$33,330$32,732$31,616
3 years$23,259$22,600$21,966$21,355$20,766$19,680
4 years$17,271$16,614$15,986$15,385$14,811$13,762
5 years$13,678$13,025$12,405$11,817$11,259$10,251
6 years$11,284$10,636$10,025$9,450$8,909$7,943
7 years$9,575$8,932$8,331$7,770$7,245$6,322
8 years$8,294$7,657$7,065$6,518$6,011$5,129
9 years$7,297$6,666$6,086$5,552$5,062$4,222
10 years$6,501$5,876$5,305$4,786$4,313$3,514
11 years$5,850$5,231$4,671$4,165$3,709$2,951
12 years$5,307$4,695$4,145$3,653$3,214$2,495
13 years$4,849$4,243$3,704$3,225$2,803$2,122
14 years$4,456$3,857$3,328$2,863$2,457$1,813
15 years$4,116$3,523$3,004$2,553$2,163$1,555
16 years$3,819$3,233$2,724$2,286$1,912$1,338
17 years$3,557$2,977$2,479$2,054$1,695$1,155
18 years$3,324$2,751$2,263$1,851$1,507$999
19 years$3,117$2,550$2,071$1,673$1,344$866
20 years$2,930$2,369$1,901$1,515$1,200$752
21 years$2,761$2,207$1,749$1,375$1,074$654
22 years$2,608$2,060$1,612$1,250$963$569
23 years$2,468$1,927$1,488$1,138$864$496
24 years$2,340$1,805$1,376$1,038$777$433
25 years$2,222$1,694$1,275$948$699$378
26 years$2,114$1,592$1,182$867$630$330
27 years$2,014$1,498$1,098$794$568$288
28 years$1,921$1,412$1,020$727$512$252
29 years$1,835$1,332$950$667$462$221
30 years$1,755$1,258$885$612$418$193
31 years$1,680$1,189$825$562$378$169
32 years$1,609$1,125$769$517$342$148
33 years$1,544$1,066$718$475$309$130
34 years$1,482$1,010$671$437$280$114
35 years$1,424$958$628$402$254$100
36 years$1,369$909$587$371$230$88
37 years$1,317$863$549$341$208$77
38 years$1,269$821$515$315$189$67
39 years$1,222$780$482$290$171$59
40 years$1,178$742$452$268$155$52
41 years$1,137$707$424$247$141$45
42 years$1,097$673$397$228$128$40
43 years$1,060$641$373$210$116$35
44 years$1,024$611$350$194$105$31
45 years$990$583$329$179$96$27
46 years$958$556$309$166$87$24
47 years$927$531$290$153$79$21
48 years$897$507$273$141$72$18
49 years$869$484$256$131$65$16
50 years$842$462$241$121$59$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $862,000, adding $4,983 every year, while hoping to spend $55,312 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: 41/48/11 Blend
50$862,000$862,000$862,000$862,000
51$955,064$909,378$896,017$990,916
52$993,629$895,086$867,182$1,002,283
53$1,034,274$878,240$835,527$1,008,694
54$1,077,152$858,656$800,900$1,014,402
55$1,122,432$836,140$763,140$1,019,366
56$1,170,295$810,486$722,080$1,023,547
57$1,220,942$781,477$677,547$1,026,906
58$1,274,590$748,881$629,357$1,029,403
59$1,331,477$712,455$577,319$1,031,003
60$1,391,863$671,941$521,235$1,031,670
61$1,456,033$627,066$460,896$1,031,372
62$1,524,297$577,541$396,085$1,030,080
63$1,596,997$523,062$326,575$1,027,768
64$1,674,504$463,306$252,129$1,024,415
65$1,757,227$397,932$172,499$1,020,007
66$1,845,614$326,580$87,427$1,014,535
67$1,940,155$248,870$0$1,007,999
68$2,041,386$164,400$0$1,000,801
69$2,149,898$72,747$0$1,003,544
70$2,266,338$0$0$1,006,021
71$2,391,415$0$0$1,022,333
72$2,525,908$0$0$1,081,267
73$2,670,672$0$0$1,144,785
74$2,826,646$0$0$1,213,308
75$2,994,862$0$0$1,287,301
76$3,176,453$0$0$1,367,273
77$3,372,663$0$0$1,453,786
78$3,584,862$0$0$1,547,455
79$3,814,553$0$0$1,648,958
80$4,063,389$0$0$1,759,039
81$4,333,189$0$0$1,878,519
82$4,625,952$0$0$2,008,297
83$4,943,876$0$0$2,149,364
84$5,289,379$0$0$2,302,812
85$5,665,123$0$0$2,469,839
86$6,074,034$0$0$2,651,765
87$6,519,332$0$0$2,850,042
88$7,004,561$0$0$3,066,270
89$7,533,623$0$0$3,302,206
90$8,110,808$0$0$3,559,789
91$8,740,841$0$0$3,841,148
92$9,428,925$0$0$4,148,632
93$10,180,783$0$0$4,484,823
94$11,002,719$0$0$4,852,565
95$11,901,672$0$0$5,254,992
96$12,885,285$0$0$5,695,551
97$13,961,969$0$0$6,178,041
98$15,140,990$0$0$6,706,644
99$16,432,551$0$0$7,285,964
100$17,847,887$0$0$7,921,076