Can I retire at age 51 with 863,000?

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 $863,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$71,266$70,631$70,012$69,407$68,817$67,263
2 years$35,280$34,623$33,986$33,369$32,770$31,212
3 years$23,286$22,627$21,991$21,380$20,791$19,278
4 years$17,291$16,633$16,004$15,403$14,828$13,373
5 years$13,694$13,040$12,420$11,831$11,272$9,878
6 years$11,297$10,648$10,037$9,461$8,919$7,587
7 years$9,586$8,943$8,341$7,779$7,254$5,985
8 years$8,303$7,665$7,074$6,525$6,018$4,811
9 years$7,306$6,674$6,093$5,558$5,068$3,922
10 years$6,508$5,883$5,312$4,791$4,318$3,233
11 years$5,856$5,237$4,676$4,170$3,714$2,687
12 years$5,314$4,701$4,150$3,657$3,218$2,249
13 years$4,855$4,248$3,708$3,229$2,806$1,892
14 years$4,461$3,861$3,331$2,866$2,460$1,599
15 years$4,121$3,527$3,008$2,556$2,166$1,357
16 years$3,823$3,236$2,727$2,289$1,914$1,155
17 years$3,561$2,981$2,482$2,056$1,697$985
18 years$3,328$2,754$2,265$1,853$1,509$842
19 years$3,120$2,553$2,074$1,675$1,345$721
20 years$2,933$2,372$1,903$1,517$1,202$619
21 years$2,764$2,209$1,751$1,376$1,075$531
22 years$2,611$2,062$1,613$1,252$964$457
23 years$2,471$1,929$1,490$1,140$865$393
24 years$2,343$1,807$1,378$1,040$778$339
25 years$2,225$1,696$1,276$949$700$292
26 years$2,117$1,594$1,184$868$630$252
27 years$2,016$1,500$1,099$795$568$217
28 years$1,923$1,414$1,022$728$513$188
29 years$1,837$1,334$951$668$463$162
30 years$1,757$1,259$886$613$418$140
31 years$1,682$1,191$826$563$378$121
32 years$1,611$1,126$770$517$342$105
33 years$1,546$1,067$719$476$310$91
34 years$1,484$1,011$672$438$280$78
35 years$1,425$959$628$403$254$68
36 years$1,371$910$588$371$230$59
37 years$1,319$864$550$342$209$51
38 years$1,270$822$515$315$189$44
39 years$1,224$781$483$290$171$38
40 years$1,180$743$452$268$155$33
41 years$1,138$708$424$247$141$28
42 years$1,099$674$398$228$128$25
43 years$1,061$642$373$211$116$21
44 years$1,025$612$350$194$105$18
45 years$991$584$329$180$96$16
46 years$959$557$309$166$87$14
47 years$928$531$290$153$79$12
48 years$898$507$273$142$72$10
49 years$870$484$256$131$65$9
50 years$843$463$241$121$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $863,000, adding $6,807 every year, while hoping to spend $56,481 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: 48/28/24 Blend
50$863,000$863,000$863,000$863,000
51$958,047$912,308$898,932$997,207
52$995,673$896,916$868,951$1,009,898
53$1,035,243$878,877$836,072$1,017,509
54$1,076,897$858,001$800,140$1,024,636
55$1,120,785$834,088$760,989$1,031,259
56$1,167,073$806,925$718,450$1,037,360
57$1,215,938$776,289$672,342$1,042,925
58$1,267,578$741,941$622,479$1,047,940
59$1,322,204$703,629$568,666$1,052,396
60$1,380,051$661,089$510,698$1,056,287
61$1,441,372$614,038$448,362$1,059,613
62$1,506,444$562,178$381,435$1,062,378
63$1,575,573$505,197$309,684$1,064,594
64$1,649,091$442,760$232,868$1,066,277
65$1,727,361$374,518$150,731$1,067,456
66$1,810,781$300,099$63,010$1,068,166
67$1,899,788$219,111$0$1,068,453
68$1,994,859$131,140$0$1,076,216
69$2,096,518$35,750$0$1,101,421
70$2,205,339$0$0$1,128,081
71$2,321,952$0$0$1,177,191
72$2,447,047$0$0$1,241,754
73$2,581,381$0$0$1,311,153
74$2,725,787$0$0$1,385,828
75$2,881,177$0$0$1,466,259
76$3,048,554$0$0$1,552,975
77$3,229,018$0$0$1,646,556
78$3,423,779$0$0$1,747,641
79$3,634,166$0$0$1,856,930
80$3,861,639$0$0$1,975,194
81$4,107,803$0$0$2,103,280
82$4,374,422$0$0$2,242,119
83$4,663,437$0$0$2,392,735
84$4,976,980$0$0$2,556,255
85$5,317,398$0$0$2,733,917
86$5,687,270$0$0$2,927,083
87$6,089,436$0$0$3,137,253
88$6,527,017$0$0$3,366,076
89$7,003,450$0$0$3,615,367
90$7,522,516$0$0$3,887,122
91$8,088,375$0$0$4,183,542
92$8,705,606$0$0$4,507,043
93$9,379,250$0$0$4,860,291
94$10,114,854$0$0$5,246,216
95$10,918,525$0$0$5,668,045
96$11,796,988$0$0$6,129,333
97$12,757,644$0$0$6,633,992
98$13,808,644$0$0$7,186,329
99$14,958,962$0$0$7,791,087
100$16,218,481$0$0$8,453,492