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%14.8%
1 years$71,679$71,040$70,417$69,809$69,216$67,846
2 years$35,484$34,824$34,183$33,562$32,960$31,586
3 years$23,421$22,758$22,119$21,504$20,911$19,575
4 years$17,391$16,729$16,097$15,492$14,914$13,627
5 years$13,774$13,116$12,492$11,899$11,337$10,103
6 years$11,363$10,710$10,095$9,516$8,971$7,790
7 years$9,642$8,994$8,389$7,824$7,296$6,169
8 years$8,351$7,710$7,115$6,563$6,052$4,979
9 years$7,348$6,713$6,128$5,590$5,097$4,076
10 years$6,546$5,917$5,342$4,819$4,343$3,374
11 years$5,890$5,268$4,703$4,194$3,735$2,817
12 years$5,344$4,728$4,174$3,679$3,237$2,368
13 years$4,883$4,273$3,729$3,248$2,823$2,002
14 years$4,487$3,884$3,351$2,883$2,474$1,700
15 years$4,145$3,548$3,025$2,571$2,178$1,449
16 years$3,846$3,255$2,743$2,302$1,925$1,240
17 years$3,582$2,998$2,496$2,068$1,707$1,063
18 years$3,348$2,770$2,278$1,864$1,518$913
19 years$3,138$2,567$2,086$1,684$1,353$786
20 years$2,950$2,386$1,914$1,525$1,208$678
21 years$2,780$2,222$1,761$1,384$1,081$586
22 years$2,626$2,074$1,623$1,259$969$506
23 years$2,485$1,940$1,498$1,146$870$438
24 years$2,356$1,818$1,386$1,046$782$380
25 years$2,238$1,706$1,283$955$704$329
26 years$2,129$1,603$1,190$873$634$285
27 years$2,028$1,509$1,105$799$572$248
28 years$1,935$1,422$1,028$732$516$215
29 years$1,848$1,341$956$671$466$187
30 years$1,767$1,267$891$616$421$162
31 years$1,691$1,197$830$566$380$141
32 years$1,621$1,133$775$520$344$123
33 years$1,554$1,073$723$478$311$107
34 years$1,492$1,017$676$440$282$93
35 years$1,434$965$632$405$255$81
36 years$1,379$915$591$373$231$70
37 years$1,327$870$553$344$210$61
38 years$1,277$826$518$317$190$53
39 years$1,231$786$485$292$172$46
40 years$1,187$748$455$269$156$40
41 years$1,145$712$427$249$142$35
42 years$1,105$678$400$229$129$31
43 years$1,067$646$376$212$117$27
44 years$1,031$616$353$196$106$23
45 years$997$587$331$181$96$20
46 years$964$560$311$167$87$18
47 years$933$534$292$154$79$15
48 years$903$510$274$142$72$13
49 years$875$487$258$132$65$12
50 years$847$465$243$122$59$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $868,000, adding $2,197 every year, while hoping to spend $55,575 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: 45/42/13 Blend
50$868,000$868,000$868,000$868,000
51$958,802$912,798$899,344$998,302
52$997,469$898,394$870,341$1,011,582
53$1,038,216$881,421$838,503$1,020,166
54$1,081,199$861,696$803,678$1,028,247
55$1,126,584$839,021$765,704$1,035,802
56$1,174,555$813,192$724,414$1,042,808
57$1,225,309$783,988$679,631$1,049,243
58$1,279,065$751,179$631,174$1,055,090
59$1,336,061$714,518$578,849$1,060,331
60$1,396,557$673,746$522,458$1,064,954
61$1,460,835$628,590$461,790$1,068,953
62$1,529,208$578,758$396,627$1,072,324
63$1,602,015$523,945$326,742$1,075,070
64$1,679,628$463,826$251,896$1,077,200
65$1,762,455$398,058$171,839$1,078,734
66$1,850,943$326,281$86,313$1,079,698
67$1,945,581$248,110$0$1,080,131
68$2,046,907$163,144$0$1,080,770
69$2,155,508$70,955$0$1,093,814
70$2,272,031$0$0$1,107,400
71$2,397,184$0$0$1,135,029
72$2,531,745$0$0$1,200,066
73$2,676,568$0$0$1,270,137
74$2,832,590$0$0$1,345,708
75$3,000,841$0$0$1,427,286
76$3,182,452$0$0$1,515,431
77$3,378,667$0$0$1,610,757
78$3,590,852$0$0$1,713,940
79$3,820,507$0$0$1,825,724
80$4,069,284$0$0$1,946,923
81$4,338,997$0$0$2,078,436
82$4,631,643$0$0$2,221,251
83$4,949,415$0$0$2,376,453
84$5,294,729$0$0$2,545,239
85$5,670,240$0$0$2,728,921
86$6,078,869$0$0$2,928,948
87$6,523,832$0$0$3,146,909
88$7,008,666$0$0$3,384,558
89$7,537,264$0$0$3,643,823
90$8,113,911$0$0$3,926,824
91$8,743,323$0$0$4,235,898
92$9,430,692$0$0$4,573,617
93$10,181,733$0$0$4,942,812
94$11,002,736$0$0$5,346,598
95$11,900,630$0$0$5,788,410
96$12,883,040$0$0$6,272,024
97$13,958,366$0$0$6,801,603
98$15,135,854$0$0$7,381,728
99$16,425,689$0$0$8,017,447
100$17,839,085$0$0$8,714,316