Can I retire at age 51 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$71,679$71,040$70,417$69,809$69,216$68,550
2 years$35,484$34,824$34,183$33,562$32,960$32,289
3 years$23,421$22,758$22,119$21,504$20,911$20,256
4 years$17,391$16,729$16,097$15,492$14,914$14,280
5 years$13,774$13,116$12,492$11,899$11,337$10,726
6 years$11,363$10,710$10,095$9,516$8,971$8,383
7 years$9,642$8,994$8,389$7,824$7,296$6,732
8 years$8,351$7,710$7,115$6,563$6,052$5,513
9 years$7,348$6,713$6,128$5,590$5,097$4,581
10 years$6,546$5,917$5,342$4,819$4,343$3,850
11 years$5,890$5,268$4,703$4,194$3,735$3,265
12 years$5,344$4,728$4,174$3,679$3,237$2,789
13 years$4,883$4,273$3,729$3,248$2,823$2,397
14 years$4,487$3,884$3,351$2,883$2,474$2,070
15 years$4,145$3,548$3,025$2,571$2,178$1,795
16 years$3,846$3,255$2,743$2,302$1,925$1,562
17 years$3,582$2,998$2,496$2,068$1,707$1,363
18 years$3,348$2,770$2,278$1,864$1,518$1,193
19 years$3,138$2,567$2,086$1,684$1,353$1,046
20 years$2,950$2,386$1,914$1,525$1,208$919
21 years$2,780$2,222$1,761$1,384$1,081$809
22 years$2,626$2,074$1,623$1,259$969$713
23 years$2,485$1,940$1,498$1,146$870$629
24 years$2,356$1,818$1,386$1,046$782$555
25 years$2,238$1,706$1,283$955$704$491
26 years$2,129$1,603$1,190$873$634$434
27 years$2,028$1,509$1,105$799$572$385
28 years$1,935$1,422$1,028$732$516$341
29 years$1,848$1,341$956$671$466$302
30 years$1,767$1,267$891$616$421$268
31 years$1,691$1,197$830$566$380$238
32 years$1,621$1,133$775$520$344$211
33 years$1,554$1,073$723$478$311$187
34 years$1,492$1,017$676$440$282$167
35 years$1,434$965$632$405$255$148
36 years$1,379$915$591$373$231$132
37 years$1,327$870$553$344$210$117
38 years$1,277$826$518$317$190$104
39 years$1,231$786$485$292$172$92
40 years$1,187$748$455$269$156$82
41 years$1,145$712$427$249$142$73
42 years$1,105$678$400$229$129$65
43 years$1,067$646$376$212$117$58
44 years$1,031$616$353$196$106$52
45 years$997$587$331$181$96$46
46 years$964$560$311$167$87$41
47 years$933$534$292$154$79$36
48 years$903$510$274$142$72$32
49 years$875$487$258$132$65$29
50 years$847$465$243$122$59$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $868,000, adding $6,043 every year, while hoping to spend $28,955 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: 68/18/14 Blend
50$868,000$868,000$868,000$868,000
51$962,769$916,765$903,311$1,024,748
52$1,030,164$930,879$902,764$1,080,906
53$1,103,462$944,714$901,229$1,138,304
54$1,183,236$958,225$898,640$1,200,343
55$1,270,114$971,366$894,933$1,267,476
56$1,364,789$984,086$890,036$1,340,203
57$1,468,022$996,331$883,877$1,419,073
58$1,580,651$1,008,042$876,378$1,504,694
59$1,703,600$1,019,159$867,459$1,597,732
60$1,837,883$1,029,614$857,035$1,698,924
61$1,984,620$1,039,338$845,019$1,809,084
62$2,145,041$1,048,255$831,317$1,929,104
63$2,320,502$1,056,286$815,832$2,059,973
64$2,512,495$1,063,346$798,464$2,202,778
65$2,722,663$1,069,343$779,106$2,358,718
66$2,952,816$1,074,182$757,647$2,529,114
67$3,204,946$1,077,760$733,972$2,715,425
68$3,481,248$1,079,968$707,957$2,919,256
69$3,784,139$1,080,690$679,478$3,142,378
70$4,116,281$1,079,804$648,400$3,386,744
71$4,480,605$1,077,178$614,585$3,654,506
72$4,880,341$1,072,674$577,888$3,948,037
73$5,319,046$1,066,145$538,157$4,269,952
74$5,800,637$1,057,434$495,233$4,623,136
75$6,329,431$1,046,377$448,952$5,010,768
76$6,910,180$1,032,797$399,140$5,436,351
77$7,548,124$1,016,509$345,616$5,903,750
78$8,249,031$997,316$288,192$6,417,223
79$9,019,256$975,009$226,671$6,981,466
80$9,865,802$949,367$160,847$7,601,654
81$10,796,384$920,155$90,505$8,283,493
82$11,819,499$887,127$15,421$9,033,272
83$12,944,512$850,020$0$9,857,925
84$14,181,737$808,556$0$10,774,760
85$15,542,542$762,443$0$11,785,624
86$17,039,448$711,369$0$12,897,534
87$18,686,253$655,007$0$14,120,770
88$20,498,158$593,010$0$15,466,655
89$22,491,914$525,012$0$16,947,673
90$24,685,975$450,624$0$18,577,580
91$27,100,678$369,437$0$20,371,537
92$29,758,427$281,019$0$22,346,252
93$32,683,911$184,914$0$24,520,138
94$35,904,333$80,638$0$26,913,491
95$39,449,669$0$0$29,548,675
96$43,352,946$0$0$32,456,739
97$47,650,559$0$0$35,676,246
98$52,382,610$0$0$39,221,274
99$57,593,288$0$0$43,124,935
100$63,331,287$0$0$47,423,717