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%18%
1 years$71,513$70,876$70,255$69,648$69,056$66,819
2 years$35,403$34,743$34,104$33,485$32,884$30,651
3 years$23,367$22,705$22,068$21,454$20,863$18,704
4 years$17,351$16,691$16,060$15,456$14,880$12,812
5 years$13,742$13,086$12,463$11,872$11,311$9,340
6 years$11,337$10,685$10,072$9,494$8,950$7,077
7 years$9,619$8,974$8,370$7,806$7,279$5,503
8 years$8,332$7,692$7,098$6,548$6,039$4,360
9 years$7,331$6,697$6,114$5,577$5,085$3,501
10 years$6,531$5,903$5,330$4,808$4,333$2,841
11 years$5,877$5,255$4,693$4,184$3,726$2,324
12 years$5,332$4,717$4,165$3,670$3,229$1,913
13 years$4,871$4,263$3,721$3,240$2,816$1,583
14 years$4,477$3,875$3,343$2,876$2,468$1,315
15 years$4,135$3,540$3,018$2,565$2,173$1,096
16 years$3,837$3,248$2,737$2,297$1,921$916
17 years$3,574$2,991$2,490$2,064$1,703$767
18 years$3,340$2,764$2,273$1,860$1,514$644
19 years$3,131$2,561$2,081$1,680$1,350$541
20 years$2,943$2,380$1,910$1,522$1,206$456
21 years$2,774$2,217$1,757$1,381$1,079$384
22 years$2,620$2,070$1,619$1,256$967$324
23 years$2,479$1,936$1,495$1,144$868$273
24 years$2,351$1,814$1,383$1,043$780$231
25 years$2,233$1,702$1,281$953$702$195
26 years$2,124$1,599$1,188$871$632$165
27 years$2,023$1,505$1,103$797$570$139
28 years$1,930$1,418$1,025$731$515$118
29 years$1,843$1,338$954$670$465$100
30 years$1,763$1,264$889$615$420$84
31 years$1,687$1,195$828$565$380$72
32 years$1,617$1,130$773$519$343$61
33 years$1,551$1,070$722$477$311$51
34 years$1,489$1,015$674$439$281$43
35 years$1,430$962$630$404$255$37
36 years$1,375$913$590$372$231$31
37 years$1,323$867$552$343$209$26
38 years$1,274$824$517$316$190$22
39 years$1,228$784$484$291$172$19
40 years$1,184$746$454$269$156$16
41 years$1,142$710$426$248$142$14
42 years$1,103$676$399$229$128$12
43 years$1,065$644$375$211$117$10
44 years$1,029$614$352$195$106$8
45 years$995$586$330$180$96$7
46 years$962$559$310$166$87$6
47 years$931$533$291$154$79$5
48 years$901$509$274$142$72$4
49 years$873$486$257$131$65$4
50 years$846$464$242$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $866,000, adding $5,259 every year, while hoping to spend $34,136 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: 35/44/21 Blend
50$866,000$866,000$866,000$866,000
51$959,757$913,859$900,436$987,056
52$1,021,331$922,317$894,280$1,016,058
53$1,088,043$930,046$886,774$1,043,800
54$1,160,378$936,974$877,836$1,073,033
55$1,238,875$943,024$867,381$1,103,911
56$1,324,123$948,114$855,321$1,136,604
57$1,416,770$952,159$841,562$1,171,302
58$1,517,532$955,066$826,005$1,208,217
59$1,627,193$956,737$808,549$1,247,585
60$1,746,619$957,069$789,087$1,289,668
61$1,876,759$955,951$767,507$1,334,757
62$2,018,661$953,265$743,691$1,383,178
63$2,173,478$948,888$717,518$1,435,290
64$2,342,476$942,687$688,858$1,491,494
65$2,527,052$934,522$657,578$1,552,234
66$2,728,742$924,245$623,538$1,618,005
67$2,949,239$911,698$586,592$1,689,354
68$3,190,405$896,715$546,586$1,766,891
69$3,454,290$879,118$503,361$1,851,289
70$3,743,154$858,720$456,750$1,943,297
71$4,059,482$835,324$406,577$2,043,745
72$4,406,013$808,719$352,661$2,153,554
73$4,785,763$778,683$294,812$2,273,741
74$5,202,053$744,980$232,830$2,405,437
75$5,658,541$707,363$166,509$2,549,893
76$6,159,256$665,567$95,631$2,708,495
77$6,708,635$619,316$19,970$2,882,777
78$7,311,567$568,313$0$3,074,436
79$7,973,436$512,249$0$3,298,971
80$8,700,172$450,795$0$3,550,505
81$9,498,309$383,603$0$3,826,917
82$10,375,043$310,306$0$4,130,813
83$11,338,303$230,517$0$4,465,071
84$12,396,823$143,826$0$4,832,873
85$13,560,226$49,800$0$5,237,727
86$14,839,112$0$0$5,683,513
87$16,245,161$0$0$6,199,696
88$17,791,238$0$0$6,793,937
89$19,491,522$0$0$7,447,590
90$21,361,630$0$0$8,166,677
91$23,418,771$0$0$8,957,832
92$25,681,906$0$0$9,828,367
93$28,171,925$0$0$10,786,338
94$30,911,845$0$0$11,840,618
95$33,927,028$0$0$13,000,989
96$37,245,418$0$0$14,278,225
97$40,897,806$0$0$15,684,200
98$44,918,118$0$0$17,231,997
99$49,343,738$0$0$18,936,031
100$54,215,855$0$0$20,812,187