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%17.2%
1 years$71,183$70,549$69,930$69,327$68,737$66,724
2 years$35,239$34,583$33,947$33,330$32,732$30,720
3 years$23,259$22,600$21,966$21,355$20,766$18,819
4 years$17,271$16,614$15,986$15,385$14,811$12,942
5 years$13,678$13,025$12,405$11,817$11,259$9,475
6 years$11,284$10,636$10,025$9,450$8,909$7,211
7 years$9,575$8,932$8,331$7,770$7,245$5,633
8 years$8,294$7,657$7,065$6,518$6,011$4,483
9 years$7,297$6,666$6,086$5,552$5,062$3,618
10 years$6,501$5,876$5,305$4,786$4,313$2,951
11 years$5,850$5,231$4,671$4,165$3,709$2,426
12 years$5,307$4,695$4,145$3,653$3,214$2,008
13 years$4,849$4,243$3,704$3,225$2,803$1,670
14 years$4,456$3,857$3,328$2,863$2,457$1,395
15 years$4,116$3,523$3,004$2,553$2,163$1,170
16 years$3,819$3,233$2,724$2,286$1,912$983
17 years$3,557$2,977$2,479$2,054$1,695$829
18 years$3,324$2,751$2,263$1,851$1,507$700
19 years$3,117$2,550$2,071$1,673$1,344$592
20 years$2,930$2,369$1,901$1,515$1,200$501
21 years$2,761$2,207$1,749$1,375$1,074$425
22 years$2,608$2,060$1,612$1,250$963$360
23 years$2,468$1,927$1,488$1,138$864$306
24 years$2,340$1,805$1,376$1,038$777$260
25 years$2,222$1,694$1,275$948$699$221
26 years$2,114$1,592$1,182$867$630$188
27 years$2,014$1,498$1,098$794$568$160
28 years$1,921$1,412$1,020$727$512$136
29 years$1,835$1,332$950$667$462$116
30 years$1,755$1,258$885$612$418$99
31 years$1,680$1,189$825$562$378$84
32 years$1,609$1,125$769$517$342$72
33 years$1,544$1,066$718$475$309$61
34 years$1,482$1,010$671$437$280$52
35 years$1,424$958$628$402$254$45
36 years$1,369$909$587$371$230$38
37 years$1,317$863$549$341$208$32
38 years$1,269$821$515$315$189$28
39 years$1,222$780$482$290$171$24
40 years$1,178$742$452$268$155$20
41 years$1,137$707$424$247$141$17
42 years$1,097$673$397$228$128$15
43 years$1,060$641$373$210$116$12
44 years$1,024$611$350$194$105$11
45 years$990$583$329$179$96$9
46 years$958$556$309$166$87$8
47 years$927$531$290$153$79$7
48 years$897$507$273$141$72$6
49 years$869$484$256$131$65$5
50 years$842$462$241$121$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $862,000, adding $2,316 every year, while hoping to spend $49,861 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: 68/17/15 Blend
50$862,000$862,000$862,000$862,000
51$952,313$906,627$893,266$1,013,585
52$996,397$898,000$870,139$1,046,082
53$1,043,307$887,279$844,565$1,075,496
54$1,093,278$874,309$816,412$1,106,407
55$1,146,567$858,926$785,537$1,138,958
56$1,203,458$840,954$751,794$1,173,305
57$1,264,260$820,210$715,028$1,209,626
58$1,329,313$796,499$675,079$1,248,113
59$1,398,988$769,612$631,780$1,288,984
60$1,473,693$739,332$584,953$1,332,478
61$1,553,877$705,426$534,416$1,378,861
62$1,640,030$667,650$479,977$1,428,427
63$1,732,692$625,744$421,435$1,481,504
64$1,832,455$579,433$358,581$1,538,455
65$1,939,970$528,429$291,198$1,599,681
66$2,055,949$472,425$219,056$1,665,627
67$2,181,179$411,097$141,917$1,736,788
68$2,316,522$344,103$59,533$1,813,709
69$2,462,924$271,082$0$1,896,998
70$2,621,428$191,650$0$1,991,866
71$2,793,179$105,407$0$2,104,979
72$2,979,437$11,925$0$2,227,664
73$3,181,585$0$0$2,360,879
74$3,401,147$0$0$2,522,376
75$3,639,798$0$0$2,700,383
76$3,899,381$0$0$2,894,049
77$4,181,924$0$0$3,104,894
78$4,489,657$0$0$3,334,588
79$4,825,036$0$0$3,584,969
80$5,190,764$0$0$3,858,063
81$5,589,813$0$0$4,156,096
82$6,025,457$0$0$4,481,521
83$6,501,299$0$0$4,837,036
84$7,021,307$0$0$5,225,614
85$7,589,847$0$0$5,650,525
86$8,211,728$0$0$6,115,372
87$8,892,244$0$0$6,624,121
88$9,637,224$0$0$7,181,139
89$10,453,088$0$0$7,791,236
90$11,346,906$0$0$8,459,708
91$12,326,462$0$0$9,192,387
92$13,400,332$0$0$9,995,698
93$14,577,959$0$0$10,876,716
94$15,869,743$0$0$11,843,234
95$17,287,142$0$0$12,903,835
96$18,842,774$0$0$14,067,974
97$20,550,539$0$0$15,346,065
98$22,425,749$0$0$16,749,582
99$24,485,271$0$0$18,291,160
100$26,747,685$0$0$19,984,724