Can I retire at age 51 with 867,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.5%
1 years$71,596$70,958$70,336$69,729$69,136$67,030
2 years$35,444$34,783$34,144$33,523$32,922$30,818
3 years$23,394$22,731$22,093$21,479$20,887$18,852
4 years$17,371$16,710$16,078$15,474$14,897$12,946
5 years$13,758$13,101$12,477$11,886$11,324$9,462
6 years$11,350$10,698$10,084$9,505$8,961$7,189
7 years$9,631$8,984$8,379$7,815$7,287$5,607
8 years$8,342$7,701$7,106$6,556$6,046$4,455
9 years$7,340$6,705$6,121$5,584$5,091$3,588
10 years$6,539$5,910$5,336$4,813$4,338$2,921
11 years$5,884$5,261$4,698$4,189$3,731$2,397
12 years$5,338$4,722$4,169$3,674$3,233$1,980
13 years$4,877$4,268$3,725$3,244$2,819$1,643
14 years$4,482$3,879$3,347$2,880$2,471$1,370
15 years$4,140$3,544$3,022$2,568$2,176$1,146
16 years$3,841$3,251$2,740$2,299$1,923$961
17 years$3,578$2,994$2,493$2,066$1,705$808
18 years$3,344$2,767$2,276$1,862$1,516$681
19 years$3,135$2,564$2,083$1,682$1,351$575
20 years$2,947$2,383$1,912$1,524$1,207$485
21 years$2,777$2,220$1,759$1,383$1,080$411
22 years$2,623$2,072$1,621$1,257$968$348
23 years$2,482$1,938$1,497$1,145$869$295
24 years$2,353$1,816$1,384$1,044$781$250
25 years$2,235$1,704$1,282$954$703$212
26 years$2,126$1,601$1,189$872$633$180
27 years$2,026$1,507$1,104$798$571$153
28 years$1,932$1,420$1,026$731$515$130
29 years$1,846$1,340$955$671$465$110
30 years$1,765$1,265$890$616$420$94
31 years$1,689$1,196$829$565$380$80
32 years$1,619$1,132$774$520$344$68
33 years$1,553$1,072$723$478$311$58
34 years$1,491$1,016$675$440$282$49
35 years$1,432$963$631$405$255$42
36 years$1,377$914$590$373$231$35
37 years$1,325$868$553$343$209$30
38 years$1,276$825$518$316$190$26
39 years$1,229$785$485$292$172$22
40 years$1,185$747$454$269$156$19
41 years$1,144$711$426$248$142$16
42 years$1,104$677$400$229$129$13
43 years$1,066$645$375$212$117$11
44 years$1,030$615$352$195$106$10
45 years$996$586$331$180$96$8
46 years$963$559$311$167$87$7
47 years$932$534$292$154$79$6
48 years$902$510$274$142$72$5
49 years$874$487$258$131$65$4
50 years$846$465$242$122$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $867,000, adding $4,253 every year, while hoping to spend $50,582 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: 71/21/8 Blend
50$867,000$867,000$867,000$867,000
51$959,821$913,870$900,431$1,026,373
52$1,003,904$904,831$876,777$1,061,887
53$1,050,788$893,653$850,635$1,094,091
54$1,100,705$880,179$821,868$1,127,950
55$1,153,911$864,242$790,334$1,163,615
56$1,210,682$845,662$755,883$1,201,252
57$1,271,326$824,253$718,359$1,241,046
58$1,336,175$799,816$677,598$1,283,200
59$1,405,596$772,138$633,429$1,327,943
60$1,479,993$740,999$585,675$1,375,524
61$1,559,805$706,161$534,148$1,426,221
62$1,645,517$667,374$478,653$1,480,343
63$1,737,659$624,375$418,988$1,538,229
64$1,836,816$576,885$354,940$1,600,258
65$1,943,627$524,608$286,286$1,666,846
66$2,058,796$467,233$212,795$1,738,458
67$2,183,094$404,429$134,225$1,815,604
68$2,317,372$335,848$50,324$1,898,851
69$2,462,561$261,122$0$1,988,827
70$2,619,688$179,862$0$2,089,573
71$2,789,879$91,658$0$2,203,311
72$2,974,373$0$0$2,326,616
73$3,174,533$0$0$2,461,358
74$3,391,858$0$0$2,630,690
75$3,627,996$0$0$2,814,720
76$3,884,760$0$0$3,014,864
77$4,164,146$0$0$3,232,685
78$4,468,348$0$0$3,469,898
79$4,799,782$0$0$3,728,392
80$5,161,105$0$0$4,010,246
81$5,555,243$0$0$4,317,749
82$5,985,416$0$0$4,653,418
83$6,455,168$0$0$5,020,026
84$6,968,401$0$0$5,420,625
85$7,529,409$0$0$5,858,574
86$8,142,923$0$0$6,337,573
87$8,814,150$0$0$6,861,695
88$9,548,821$0$0$7,435,425
89$10,353,252$0$0$8,063,701
90$11,234,393$0$0$8,751,961
91$12,199,902$0$0$9,506,196
92$13,258,210$0$0$10,333,001
93$14,418,605$0$0$11,239,642
94$15,691,313$0$0$12,234,118
95$17,087,600$0$0$13,325,245
96$18,619,876$0$0$14,522,728
97$20,301,809$0$0$15,837,262
98$22,148,453$0$0$17,280,624
99$24,176,395$0$0$18,865,791
100$26,403,904$0$0$20,607,054