Can I retire at age 51 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$71,513$70,876$70,255$69,648$69,056$66,395
2 years$35,403$34,743$34,104$33,485$32,884$30,234
3 years$23,367$22,705$22,068$21,454$20,863$18,309
4 years$17,351$16,691$16,060$15,456$14,880$12,440
5 years$13,742$13,086$12,463$11,872$11,311$8,993
6 years$11,337$10,685$10,072$9,494$8,950$6,754
7 years$9,619$8,974$8,370$7,806$7,279$5,205
8 years$8,332$7,692$7,098$6,548$6,039$4,084
9 years$7,331$6,697$6,114$5,577$5,085$3,248
10 years$6,531$5,903$5,330$4,808$4,333$2,609
11 years$5,877$5,255$4,693$4,184$3,726$2,112
12 years$5,332$4,717$4,165$3,670$3,229$1,720
13 years$4,871$4,263$3,721$3,240$2,816$1,408
14 years$4,477$3,875$3,343$2,876$2,468$1,156
15 years$4,135$3,540$3,018$2,565$2,173$953
16 years$3,837$3,248$2,737$2,297$1,921$787
17 years$3,574$2,991$2,490$2,064$1,703$652
18 years$3,340$2,764$2,273$1,860$1,514$541
19 years$3,131$2,561$2,081$1,680$1,350$449
20 years$2,943$2,380$1,910$1,522$1,206$373
21 years$2,774$2,217$1,757$1,381$1,079$311
22 years$2,620$2,070$1,619$1,256$967$259
23 years$2,479$1,936$1,495$1,144$868$216
24 years$2,351$1,814$1,383$1,043$780$180
25 years$2,233$1,702$1,281$953$702$150
26 years$2,124$1,599$1,188$871$632$125
27 years$2,023$1,505$1,103$797$570$105
28 years$1,930$1,418$1,025$731$515$87
29 years$1,843$1,338$954$670$465$73
30 years$1,763$1,264$889$615$420$61
31 years$1,687$1,195$828$565$380$51
32 years$1,617$1,130$773$519$343$43
33 years$1,551$1,070$722$477$311$36
34 years$1,489$1,015$674$439$281$30
35 years$1,430$962$630$404$255$25
36 years$1,375$913$590$372$231$21
37 years$1,323$867$552$343$209$17
38 years$1,274$824$517$316$190$14
39 years$1,228$784$484$291$172$12
40 years$1,184$746$454$269$156$10
41 years$1,142$710$426$248$142$8
42 years$1,103$676$399$229$128$7
43 years$1,065$644$375$211$117$6
44 years$1,029$614$352$195$106$5
45 years$995$586$330$180$96$4
46 years$962$559$310$166$87$3
47 years$931$533$291$154$79$3
48 years$901$509$274$142$72$2
49 years$873$486$257$131$65$2
50 years$846$464$242$121$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $866,000, adding $5,256 every year, while hoping to spend $28,447 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: 47/24/29 Blend
50$866,000$866,000$866,000$866,000
51$959,754$913,856$900,433$996,664
52$1,027,381$928,367$900,330$1,037,791
53$1,100,953$942,636$899,270$1,079,238
54$1,181,046$956,621$897,191$1,123,687
55$1,268,294$970,277$894,028$1,171,437
56$1,363,395$983,555$889,713$1,222,816
57$1,467,117$996,405$884,174$1,278,187
58$1,580,305$1,008,771$877,336$1,337,953
59$1,703,890$1,020,595$869,121$1,402,557
60$1,838,896$1,031,813$859,446$1,472,488
61$1,986,450$1,042,359$848,224$1,548,290
62$2,147,795$1,052,162$835,367$1,630,558
63$2,324,297$1,061,144$820,778$1,719,955
64$2,517,461$1,069,226$804,360$1,817,209
65$2,728,945$1,076,321$786,008$1,923,127
66$2,960,573$1,082,336$765,615$2,038,598
67$3,214,355$1,087,174$743,067$2,164,604
68$3,492,504$1,090,731$718,245$2,302,230
69$3,797,459$1,092,897$691,026$2,452,674
70$4,131,904$1,093,553$661,280$2,617,259
71$4,498,797$1,092,575$628,871$2,797,443
72$4,901,393$1,089,830$593,657$2,994,838
73$5,343,282$1,085,179$555,491$3,211,223
74$5,828,414$1,078,470$514,218$3,448,560
75$6,361,144$1,069,547$469,676$3,709,016
76$6,946,266$1,058,240$421,695$3,994,983
77$7,589,064$1,044,373$370,101$4,309,098
78$8,295,358$1,027,755$314,708$4,654,274
79$9,071,557$1,008,189$255,324$5,033,722
80$9,924,726$985,460$191,748$5,450,989
81$10,862,647$959,346$123,769$5,909,984
82$11,893,891$929,609$51,170$6,415,024
83$13,027,906$895,997$0$6,970,869
84$14,275,095$858,244$0$7,590,909
85$15,646,927$816,070$0$8,290,225
86$17,156,031$769,175$0$9,059,434
87$18,816,328$717,246$0$9,905,664
88$20,643,152$659,950$0$10,836,774
89$22,653,400$596,934$0$11,861,426
90$24,865,689$527,826$0$12,989,169
91$27,300,534$452,235$0$14,230,528
92$29,980,538$369,743$0$15,597,105
93$32,930,605$279,912$0$17,101,688
94$36,178,178$182,280$0$18,758,373
95$39,753,497$76,356$0$20,582,699
96$43,689,880$0$0$22,591,791
97$48,024,043$0$0$24,814,662
98$52,796,440$0$0$27,284,622
99$58,051,652$0$0$30,004,592
100$63,838,799$0$0$33,000,013