Can I retire at age 51 with 868,000?

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 $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%12.4%
1 years$71,679$71,040$70,417$69,809$69,216$68,521
2 years$35,484$34,824$34,183$33,562$32,960$32,260
3 years$23,421$22,758$22,119$21,504$20,911$20,228
4 years$17,391$16,729$16,097$15,492$14,914$14,253
5 years$13,774$13,116$12,492$11,899$11,337$10,701
6 years$11,363$10,710$10,095$9,516$8,971$8,359
7 years$9,642$8,994$8,389$7,824$7,296$6,709
8 years$8,351$7,710$7,115$6,563$6,052$5,490
9 years$7,348$6,713$6,128$5,590$5,097$4,560
10 years$6,546$5,917$5,342$4,819$4,343$3,830
11 years$5,890$5,268$4,703$4,194$3,735$3,246
12 years$5,344$4,728$4,174$3,679$3,237$2,771
13 years$4,883$4,273$3,729$3,248$2,823$2,380
14 years$4,487$3,884$3,351$2,883$2,474$2,054
15 years$4,145$3,548$3,025$2,571$2,178$1,780
16 years$3,846$3,255$2,743$2,302$1,925$1,548
17 years$3,582$2,998$2,496$2,068$1,707$1,350
18 years$3,348$2,770$2,278$1,864$1,518$1,180
19 years$3,138$2,567$2,086$1,684$1,353$1,034
20 years$2,950$2,386$1,914$1,525$1,208$908
21 years$2,780$2,222$1,761$1,384$1,081$798
22 years$2,626$2,074$1,623$1,259$969$703
23 years$2,485$1,940$1,498$1,146$870$620
24 years$2,356$1,818$1,386$1,046$782$547
25 years$2,238$1,706$1,283$955$704$483
26 years$2,129$1,603$1,190$873$634$427
27 years$2,028$1,509$1,105$799$572$378
28 years$1,935$1,422$1,028$732$516$335
29 years$1,848$1,341$956$671$466$296
30 years$1,767$1,267$891$616$421$263
31 years$1,691$1,197$830$566$380$233
32 years$1,621$1,133$775$520$344$207
33 years$1,554$1,073$723$478$311$183
34 years$1,492$1,017$676$440$282$163
35 years$1,434$965$632$405$255$144
36 years$1,379$915$591$373$231$128
37 years$1,327$870$553$344$210$114
38 years$1,277$826$518$317$190$101
39 years$1,231$786$485$292$172$90
40 years$1,187$748$455$269$156$80
41 years$1,145$712$427$249$142$71
42 years$1,105$678$400$229$129$63
43 years$1,067$646$376$212$117$56
44 years$1,031$616$353$196$106$50
45 years$997$587$331$181$96$44
46 years$964$560$311$167$87$39
47 years$933$534$292$154$79$35
48 years$903$510$274$142$72$31
49 years$875$487$258$132$65$28
50 years$847$465$243$122$59$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $868,000, adding $2,845 every year, while hoping to spend $20,588 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: 59/22/19 Blend
50$868,000$868,000$868,000$868,000
51$959,471$913,467$900,013$1,011,142
52$1,035,431$936,321$908,258$1,069,345
53$1,118,450$959,605$916,089$1,130,286
54$1,209,224$983,319$923,470$1,196,283
55$1,308,524$1,007,460$930,365$1,267,828
56$1,417,194$1,032,027$936,734$1,345,462
57$1,536,168$1,057,016$942,534$1,429,783
58$1,666,472$1,082,424$947,724$1,521,449
59$1,809,235$1,108,246$952,256$1,621,184
60$1,965,703$1,134,476$956,082$1,729,787
61$2,137,246$1,161,107$959,152$1,848,138
62$2,325,375$1,188,130$961,413$1,977,206
63$2,531,751$1,215,537$962,809$2,118,060
64$2,758,208$1,243,316$963,281$2,271,876
65$3,006,762$1,271,456$962,768$2,439,952
66$3,279,635$1,299,941$961,204$2,623,715
67$3,579,277$1,328,757$958,523$2,824,742
68$3,908,383$1,357,886$954,654$3,044,768
69$4,269,925$1,387,309$949,522$3,285,706
70$4,667,175$1,417,005$943,048$3,549,662
71$5,103,739$1,446,950$935,152$3,838,960
72$5,583,588$1,477,118$925,748$4,156,160
73$6,111,098$1,507,482$914,745$4,504,083
74$6,691,092$1,538,010$902,050$4,885,838
75$7,328,879$1,568,669$887,565$5,304,852
76$8,030,313$1,599,421$871,186$5,764,899
77$8,801,840$1,630,228$852,807$6,270,144
78$9,650,565$1,661,047$832,313$6,825,172
79$10,584,315$1,691,830$809,587$7,435,038
80$11,611,712$1,722,527$784,506$8,105,314
81$12,742,260$1,753,084$756,940$8,842,139
82$13,986,428$1,783,442$726,754$9,652,282
83$15,355,751$1,813,538$693,808$10,543,200
84$16,862,940$1,843,304$657,953$11,523,112
85$18,522,001$1,872,667$619,035$12,601,079
86$20,348,366$1,901,548$576,894$13,787,084
87$22,359,039$1,929,864$531,360$15,092,130
88$24,572,758$1,957,525$482,258$16,528,345
89$27,010,169$1,984,433$429,403$18,109,095
90$29,694,022$2,010,486$372,604$19,849,110
91$32,649,386$2,035,574$311,660$21,764,624
92$35,903,884$2,059,577$246,361$23,873,530
93$39,487,955$2,082,371$176,489$26,195,545
94$43,435,140$2,103,822$101,815$28,752,404
95$47,782,400$2,123,784$22,101$31,568,055
96$52,570,462$2,142,107$0$34,668,896
97$57,844,205$2,158,626$0$38,096,784
98$63,653,084$2,173,169$0$41,876,626
99$70,051,594$2,185,550$0$46,039,325
100$77,099,789$2,195,574$0$50,623,881