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%14.5%
1 years$71,348$70,713$70,093$69,488$68,897$67,616
2 years$35,321$34,663$34,026$33,407$32,808$31,523
3 years$23,313$22,653$22,017$21,404$20,815$19,565
4 years$17,311$16,652$16,023$15,421$14,845$13,640
5 years$13,710$13,055$12,434$11,845$11,285$10,128
6 years$11,311$10,661$10,049$9,472$8,930$7,822
7 years$9,597$8,953$8,350$7,788$7,262$6,205
8 years$8,313$7,674$7,082$6,533$6,025$5,017
9 years$7,314$6,682$6,100$5,565$5,074$4,115
10 years$6,516$5,890$5,318$4,797$4,323$3,413
11 years$5,863$5,243$4,682$4,175$3,718$2,855
12 years$5,320$4,706$4,155$3,662$3,222$2,404
13 years$4,860$4,253$3,712$3,233$2,810$2,037
14 years$4,467$3,866$3,335$2,870$2,463$1,733
15 years$4,126$3,531$3,011$2,559$2,168$1,481
16 years$3,828$3,240$2,730$2,291$1,916$1,269
17 years$3,565$2,984$2,484$2,059$1,699$1,090
18 years$3,332$2,757$2,268$1,855$1,511$939
19 years$3,124$2,555$2,076$1,677$1,347$810
20 years$2,936$2,375$1,905$1,518$1,203$700
21 years$2,767$2,212$1,753$1,378$1,076$606
22 years$2,614$2,065$1,615$1,253$965$525
23 years$2,474$1,931$1,491$1,141$866$456
24 years$2,345$1,809$1,379$1,041$779$396
25 years$2,228$1,698$1,278$951$701$344
26 years$2,119$1,596$1,185$869$631$299
27 years$2,019$1,502$1,100$795$569$260
28 years$1,926$1,415$1,023$729$513$226
29 years$1,839$1,335$952$668$464$197
30 years$1,759$1,261$887$613$419$172
31 years$1,684$1,192$827$563$379$150
32 years$1,613$1,128$771$518$343$130
33 years$1,547$1,068$720$476$310$114
34 years$1,485$1,012$673$438$281$99
35 years$1,427$960$629$403$254$87
36 years$1,372$911$588$371$230$75
37 years$1,320$865$551$342$209$66
38 years$1,271$823$516$315$189$57
39 years$1,225$782$483$291$172$50
40 years$1,181$744$453$268$156$44
41 years$1,140$708$425$247$141$38
42 years$1,100$675$398$228$128$33
43 years$1,062$643$374$211$116$29
44 years$1,027$613$351$195$106$25
45 years$992$584$329$180$96$22
46 years$960$557$309$166$87$19
47 years$929$532$291$153$79$17
48 years$899$508$273$142$72$15
49 years$871$485$257$131$65$13
50 years$844$463$241$121$59$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $864,000, adding $6,295 every year, while hoping to spend $54,527 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: 72/10/18 Blend
50$864,000$864,000$864,000$864,000
51$958,621$912,829$899,437$1,023,139
52$998,384$899,542$871,552$1,053,550
53$1,040,376$883,775$840,905$1,079,666
54$1,084,765$865,351$807,347$1,106,870
55$1,131,738$844,080$770,719$1,135,259
56$1,181,496$819,761$730,860$1,164,942
57$1,234,261$792,181$687,595$1,196,041
58$1,290,273$761,116$640,748$1,228,690
59$1,349,798$726,328$590,130$1,263,039
60$1,413,123$687,564$535,545$1,299,255
61$1,480,566$644,558$476,790$1,337,522
62$1,552,471$597,030$413,650$1,378,047
63$1,629,220$544,680$345,903$1,421,058
64$1,711,225$487,195$273,317$1,466,808
65$1,798,944$424,241$195,647$1,515,579
66$1,892,876$355,468$112,640$1,567,682
67$1,993,567$280,504$24,031$1,623,465
68$2,101,618$198,956$0$1,683,311
69$2,217,689$110,411$0$1,761,193
70$2,342,503$14,431$0$1,849,842
71$2,476,854$0$0$1,945,220
72$2,621,615$0$0$2,057,811
73$2,777,743$0$0$2,180,987
74$2,946,291$0$0$2,313,996
75$3,128,415$0$0$2,457,754
76$3,325,387$0$0$2,613,268
77$3,538,602$0$0$2,781,647
78$3,769,597$0$0$2,964,109
79$4,020,061$0$0$3,161,991
80$4,291,850$0$0$3,376,767
81$4,587,006$0$0$3,610,056
82$4,907,776$0$0$3,863,640
83$5,256,630$0$0$4,139,478
84$5,636,288$0$0$4,439,726
85$6,049,741$0$0$4,766,757
86$6,500,280$0$0$5,123,183
87$6,991,528$0$0$5,511,875
88$7,527,473$0$0$5,935,997
89$8,112,502$0$0$6,399,030
90$8,751,447$0$0$6,904,805
91$9,449,626$0$0$7,457,542
92$10,212,893$0$0$8,061,883
93$11,047,695$0$0$8,722,943
94$11,961,128$0$0$9,446,351
95$12,961,009$0$0$10,238,308
96$14,055,943$0$0$11,105,640
97$15,255,407$0$0$12,055,865
98$16,569,837$0$0$13,097,262
99$18,010,728$0$0$14,238,951
100$19,590,740$0$0$15,490,974