Can I retire at age 51 with 867,000?

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 $867,000?

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%
1 years$71,596$70,958$70,336$69,729$69,136$66,869
2 years$35,444$34,783$34,144$33,523$32,922$30,660
3 years$23,394$22,731$22,093$21,479$20,887$18,701
4 years$17,371$16,710$16,078$15,474$14,897$12,803
5 years$13,758$13,101$12,477$11,886$11,324$9,328
6 years$11,350$10,698$10,084$9,505$8,961$7,064
7 years$9,631$8,984$8,379$7,815$7,287$5,490
8 years$8,342$7,701$7,106$6,556$6,046$4,347
9 years$7,340$6,705$6,121$5,584$5,091$3,489
10 years$6,539$5,910$5,336$4,813$4,338$2,829
11 years$5,884$5,261$4,698$4,189$3,731$2,313
12 years$5,338$4,722$4,169$3,674$3,233$1,902
13 years$4,877$4,268$3,725$3,244$2,819$1,573
14 years$4,482$3,879$3,347$2,880$2,471$1,306
15 years$4,140$3,544$3,022$2,568$2,176$1,088
16 years$3,841$3,251$2,740$2,299$1,923$909
17 years$3,578$2,994$2,493$2,066$1,705$761
18 years$3,344$2,767$2,276$1,862$1,516$638
19 years$3,135$2,564$2,083$1,682$1,351$536
20 years$2,947$2,383$1,912$1,524$1,207$451
21 years$2,777$2,220$1,759$1,383$1,080$379
22 years$2,623$2,072$1,621$1,257$968$320
23 years$2,482$1,938$1,497$1,145$869$270
24 years$2,353$1,816$1,384$1,044$781$228
25 years$2,235$1,704$1,282$954$703$192
26 years$2,126$1,601$1,189$872$633$162
27 years$2,026$1,507$1,104$798$571$137
28 years$1,932$1,420$1,026$731$515$116
29 years$1,846$1,340$955$671$465$98
30 years$1,765$1,265$890$616$420$83
31 years$1,689$1,196$829$565$380$70
32 years$1,619$1,132$774$520$344$59
33 years$1,553$1,072$723$478$311$50
34 years$1,491$1,016$675$440$282$42
35 years$1,432$963$631$405$255$36
36 years$1,377$914$590$373$231$30
37 years$1,325$868$553$343$209$26
38 years$1,276$825$518$316$190$22
39 years$1,229$785$485$292$172$18
40 years$1,185$747$454$269$156$16
41 years$1,144$711$426$248$142$13
42 years$1,104$677$400$229$129$11
43 years$1,066$645$375$212$117$9
44 years$1,030$615$352$195$106$8
45 years$996$586$331$180$96$7
46 years$963$559$311$167$87$6
47 years$932$534$292$154$79$5
48 years$902$510$274$142$72$4
49 years$874$487$258$131$65$3
50 years$846$465$242$122$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $867,000, adding $4,814 every year, while hoping to spend $51,209 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: 64/14/22 Blend
50$867,000$867,000$867,000$867,000
51$960,400$914,449$901,010$1,016,114
52$1,003,874$904,771$876,708$1,044,556
53$1,050,067$892,902$849,875$1,069,428
54$1,099,202$878,682$820,374$1,095,426
55$1,151,521$861,938$788,057$1,122,664
56$1,207,294$842,491$752,775$1,151,271
57$1,266,813$820,147$714,367$1,181,389
58$1,330,398$794,705$672,669$1,213,176
59$1,398,401$765,948$627,506$1,246,810
60$1,471,209$733,651$578,698$1,282,489
61$1,549,243$697,570$526,056$1,320,432
62$1,632,968$657,453$469,381$1,360,884
63$1,722,892$613,030$408,466$1,404,118
64$1,819,575$564,016$343,098$1,450,437
65$1,923,629$510,110$273,049$1,500,178
66$2,035,728$450,994$198,085$1,553,717
67$2,156,611$386,332$117,960$1,611,470
68$2,287,092$315,769$32,418$1,673,900
69$2,428,062$238,929$0$1,741,521
70$2,580,504$155,416$0$1,828,723
71$2,745,495$64,811$0$1,931,338
72$2,924,222$0$0$2,042,520
73$3,117,987$0$0$2,168,254
74$3,328,225$0$0$2,315,560
75$3,556,511$0$0$2,475,565
76$3,804,579$0$0$2,649,490
77$4,074,338$0$0$2,838,681
78$4,367,885$0$0$3,044,616
79$4,687,530$0$0$3,268,922
80$5,035,814$0$0$3,513,391
81$5,415,532$0$0$3,779,993
82$5,829,763$0$0$4,070,899
83$6,281,894$0$0$4,388,495
84$6,775,653$0$0$4,735,410
85$7,315,145$0$0$5,114,539
86$7,904,889$0$0$5,529,066
87$8,549,860$0$0$5,982,499
88$9,255,537$0$0$6,478,701
89$10,027,951$0$0$7,021,924
90$10,873,744$0$0$7,616,851
91$11,800,230$0$0$8,268,640
92$12,815,465$0$0$8,982,969
93$13,928,320$0$0$9,766,095
94$15,148,565$0$0$10,624,905
95$16,486,961$0$0$11,566,988
96$17,955,360$0$0$12,600,701
97$19,566,818$0$0$13,735,251
98$21,335,716$0$0$14,980,776
99$23,277,892$0$0$16,348,448
100$25,410,798$0$0$17,850,571