Can I retire at age 51 with 864,000?

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 $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%16.7%
1 years$71,348$70,713$70,093$69,488$68,897$67,014
2 years$35,321$34,663$34,026$33,407$32,808$30,925
3 years$23,313$22,653$22,017$21,404$20,815$18,990
4 years$17,311$16,652$16,023$15,421$14,845$13,093
5 years$13,710$13,055$12,434$11,845$11,285$9,611
6 years$11,311$10,661$10,049$9,472$8,930$7,334
7 years$9,597$8,953$8,350$7,788$7,262$5,746
8 years$8,313$7,674$7,082$6,533$6,025$4,586
9 years$7,314$6,682$6,100$5,565$5,074$3,712
10 years$6,516$5,890$5,318$4,797$4,323$3,037
11 years$5,863$5,243$4,682$4,175$3,718$2,505
12 years$5,320$4,706$4,155$3,662$3,222$2,080
13 years$4,860$4,253$3,712$3,233$2,810$1,736
14 years$4,467$3,866$3,335$2,870$2,463$1,455
15 years$4,126$3,531$3,011$2,559$2,168$1,224
16 years$3,828$3,240$2,730$2,291$1,916$1,033
17 years$3,565$2,984$2,484$2,059$1,699$874
18 years$3,332$2,757$2,268$1,855$1,511$740
19 years$3,124$2,555$2,076$1,677$1,347$628
20 years$2,936$2,375$1,905$1,518$1,203$534
21 years$2,767$2,212$1,753$1,378$1,076$455
22 years$2,614$2,065$1,615$1,253$965$387
23 years$2,474$1,931$1,491$1,141$866$330
24 years$2,345$1,809$1,379$1,041$779$282
25 years$2,228$1,698$1,278$951$701$241
26 years$2,119$1,596$1,185$869$631$206
27 years$2,019$1,502$1,100$795$569$176
28 years$1,926$1,415$1,023$729$513$150
29 years$1,839$1,335$952$668$464$128
30 years$1,759$1,261$887$613$419$110
31 years$1,684$1,192$827$563$379$94
32 years$1,613$1,128$771$518$343$80
33 years$1,547$1,068$720$476$310$69
34 years$1,485$1,012$673$438$281$59
35 years$1,427$960$629$403$254$51
36 years$1,372$911$588$371$230$43
37 years$1,320$865$551$342$209$37
38 years$1,271$823$516$315$189$32
39 years$1,225$782$483$291$172$27
40 years$1,181$744$453$268$156$23
41 years$1,140$708$425$247$141$20
42 years$1,100$675$398$228$128$17
43 years$1,062$643$374$211$116$15
44 years$1,027$613$351$195$106$13
45 years$992$584$329$180$96$11
46 years$960$557$309$166$87$9
47 years$929$532$291$153$79$8
48 years$899$508$273$142$72$7
49 years$871$485$257$131$65$6
50 years$844$463$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $864,000, adding $3,916 every year, while hoping to spend $46,522 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: 58/20/22 Blend
50$864,000$864,000$864,000$864,000
51$956,167$910,375$896,983$1,005,779
52$1,004,197$905,485$877,533$1,035,116
53$1,055,567$898,795$855,872$1,061,741
54$1,110,568$890,170$831,877$1,089,753
55$1,169,521$879,462$805,420$1,119,297
56$1,232,775$866,519$776,364$1,150,536
57$1,300,716$851,176$744,571$1,183,648
58$1,373,766$833,261$709,891$1,218,834
59$1,452,390$812,590$672,171$1,256,317
60$1,537,095$788,969$631,251$1,296,345
61$1,628,443$762,192$586,961$1,339,195
62$1,727,046$732,042$539,127$1,385,174
63$1,833,581$698,288$487,564$1,434,624
64$1,948,789$660,687$432,080$1,487,924
65$2,073,486$618,981$372,475$1,545,496
66$2,208,569$572,898$308,541$1,607,808
67$2,355,023$522,151$240,057$1,675,382
68$2,513,933$466,433$166,796$1,748,793
69$2,686,490$405,425$88,520$1,828,684
70$2,874,007$338,785$4,980$1,915,763
71$3,077,925$266,156$0$2,010,819
72$3,299,833$187,156$0$2,134,485
73$3,541,475$101,387$0$2,270,501
74$3,804,775$8,424$0$2,418,836
75$4,091,846$0$0$2,580,748
76$4,405,017$0$0$2,777,912
77$4,746,849$0$0$2,995,213
78$5,120,161$0$0$3,232,598
79$5,528,060$0$0$3,492,050
80$5,973,962$0$0$3,775,753
81$6,461,630$0$0$4,086,110
82$6,995,208$0$0$4,425,769
83$7,579,257$0$0$4,797,643
84$8,218,801$0$0$5,204,942
85$8,919,372$0$0$5,651,201
86$9,687,062$0$0$6,140,312
87$10,528,581$0$0$6,676,562
88$11,451,318$0$0$7,264,673
89$12,463,412$0$0$7,909,845
90$13,573,827$0$0$8,617,805
91$14,792,438$0$0$9,394,864
92$16,130,121$0$0$10,247,972
93$17,598,857$0$0$11,184,784
94$19,211,842$0$0$12,213,733
95$20,983,616$0$0$13,344,110
96$22,930,195$0$0$14,586,150
97$25,069,221$0$0$15,951,128
98$27,420,132$0$0$17,451,465
99$30,004,343$0$0$19,100,846
100$32,845,445$0$0$20,914,347