Can I retire at age 51 with 864,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$71,348$70,713$70,093$69,488$68,897$66,664
2 years$35,321$34,663$34,026$33,407$32,808$30,580
3 years$23,313$22,653$22,017$21,404$20,815$18,661
4 years$17,311$16,652$16,023$15,421$14,845$12,782
5 years$13,710$13,055$12,434$11,845$11,285$9,318
6 years$11,311$10,661$10,049$9,472$8,930$7,060
7 years$9,597$8,953$8,350$7,788$7,262$5,491
8 years$8,313$7,674$7,082$6,533$6,025$4,349
9 years$7,314$6,682$6,100$5,565$5,074$3,493
10 years$6,516$5,890$5,318$4,797$4,323$2,834
11 years$5,863$5,243$4,682$4,175$3,718$2,318
12 years$5,320$4,706$4,155$3,662$3,222$1,908
13 years$4,860$4,253$3,712$3,233$2,810$1,579
14 years$4,467$3,866$3,335$2,870$2,463$1,312
15 years$4,126$3,531$3,011$2,559$2,168$1,093
16 years$3,828$3,240$2,730$2,291$1,916$914
17 years$3,565$2,984$2,484$2,059$1,699$766
18 years$3,332$2,757$2,268$1,855$1,511$643
19 years$3,124$2,555$2,076$1,677$1,347$540
20 years$2,936$2,375$1,905$1,518$1,203$455
21 years$2,767$2,212$1,753$1,378$1,076$383
22 years$2,614$2,065$1,615$1,253$965$323
23 years$2,474$1,931$1,491$1,141$866$273
24 years$2,345$1,809$1,379$1,041$779$230
25 years$2,228$1,698$1,278$951$701$195
26 years$2,119$1,596$1,185$869$631$164
27 years$2,019$1,502$1,100$795$569$139
28 years$1,926$1,415$1,023$729$513$118
29 years$1,839$1,335$952$668$464$100
30 years$1,759$1,261$887$613$419$84
31 years$1,684$1,192$827$563$379$71
32 years$1,613$1,128$771$518$343$60
33 years$1,547$1,068$720$476$310$51
34 years$1,485$1,012$673$438$281$43
35 years$1,427$960$629$403$254$37
36 years$1,372$911$588$371$230$31
37 years$1,320$865$551$342$209$26
38 years$1,271$823$516$315$189$22
39 years$1,225$782$483$291$172$19
40 years$1,181$744$453$268$156$16
41 years$1,140$708$425$247$141$14
42 years$1,100$675$398$228$128$11
43 years$1,062$643$374$211$116$10
44 years$1,027$613$351$195$106$8
45 years$992$584$329$180$96$7
46 years$960$557$309$166$87$6
47 years$929$532$291$153$79$5
48 years$899$508$273$142$72$4
49 years$871$485$257$131$65$4
50 years$844$463$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $864,000, adding $6,157 every year, while hoping to spend $57,408 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: 30/48/22 Blend
50$864,000$864,000$864,000$864,000
51$958,479$912,687$899,295$980,511
52$995,162$896,327$868,340$981,509
53$1,033,663$877,241$834,423$977,035
54$1,074,106$855,236$797,386$971,026
55$1,116,627$830,105$757,061$963,386
56$1,161,374$801,630$713,273$954,016
57$1,208,507$769,583$665,840$942,811
58$1,258,200$733,718$614,572$929,662
59$1,310,645$693,778$559,268$914,458
60$1,366,048$649,491$499,721$897,082
61$1,424,636$600,568$435,713$877,416
62$1,486,657$546,703$367,017$855,335
63$1,552,380$487,576$293,397$830,714
64$1,622,101$422,845$214,604$803,422
65$1,696,142$352,151$130,379$773,325
66$1,774,855$275,113$40,454$740,288
67$1,858,627$191,331$0$704,173
68$1,947,880$100,379$0$677,869
69$2,043,076$1,810$0$659,186
70$2,144,723$0$0$638,544
71$2,253,374$0$0$671,258
72$2,369,640$0$0$707,374
73$2,494,188$0$0$746,154
74$2,627,748$0$0$787,839
75$2,771,125$0$0$832,691
76$2,925,200$0$0$881,000
77$3,090,941$0$0$933,083
78$3,269,409$0$0$989,287
79$3,461,771$0$0$1,049,998
80$3,669,310$0$0$1,115,634
81$3,893,432$0$0$1,186,660
82$4,135,684$0$0$1,263,582
83$4,397,768$0$0$1,346,962
84$4,681,552$0$0$1,437,412
85$4,989,091$0$0$1,535,610
86$5,322,645$0$0$1,642,298
87$5,684,699$0$0$1,758,296
88$6,077,985$0$0$1,884,503
89$6,505,509$0$0$2,021,909
90$6,970,580$0$0$2,171,603
91$7,476,835$0$0$2,334,786
92$8,028,279$0$0$2,512,776
93$8,629,317$0$0$2,707,026
94$9,284,799$0$0$2,919,135
95$10,000,063$0$0$3,150,863
96$10,780,981$0$0$3,404,147
97$11,634,023$0$0$3,681,121
98$12,566,306$0$0$3,984,134
99$13,585,668$0$0$4,315,771
100$14,700,740$0$0$4,678,881