Can I retire at age 51 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$68,871$68,257$67,659$67,075$66,504$65,242
2 years$34,095$33,460$32,844$32,247$31,669$30,402
3 years$22,504$21,866$21,252$20,661$20,092$18,860
4 years$16,710$16,074$15,466$14,885$14,330$13,142
5 years$13,234$12,602$12,002$11,433$10,893$9,753
6 years$10,918$10,291$9,700$9,143$8,619$7,529
7 years$9,264$8,642$8,061$7,517$7,010$5,968
8 years$8,024$7,408$6,836$6,306$5,815$4,823
9 years$7,060$6,450$5,888$5,371$4,897$3,954
10 years$6,290$5,685$5,133$4,630$4,173$3,277
11 years$5,660$5,061$4,519$4,030$3,589$2,739
12 years$5,135$4,543$4,011$3,535$3,110$2,306
13 years$4,691$4,105$3,583$3,120$2,712$1,952
14 years$4,311$3,732$3,220$2,770$2,377$1,660
15 years$3,982$3,409$2,907$2,470$2,093$1,417
16 years$3,695$3,128$2,635$2,212$1,850$1,213
17 years$3,441$2,880$2,398$1,987$1,640$1,042
18 years$3,216$2,662$2,189$1,791$1,458$897
19 years$3,015$2,467$2,004$1,618$1,300$773
20 years$2,835$2,292$1,839$1,466$1,161$668
21 years$2,671$2,135$1,692$1,330$1,039$578
22 years$2,523$1,993$1,559$1,209$931$500
23 years$2,388$1,864$1,440$1,102$836$433
24 years$2,264$1,746$1,331$1,005$751$376
25 years$2,150$1,639$1,233$918$676$327
26 years$2,045$1,540$1,144$839$609$284
27 years$1,949$1,450$1,062$768$549$247
28 years$1,859$1,366$987$704$496$214
29 years$1,775$1,289$919$645$447$187
30 years$1,698$1,217$856$592$404$162
31 years$1,625$1,151$798$544$366$141
32 years$1,557$1,089$744$500$331$123
33 years$1,494$1,031$695$460$299$107
34 years$1,434$977$649$423$271$94
35 years$1,378$927$607$389$245$81
36 years$1,325$880$568$358$222$71
37 years$1,275$835$532$330$202$62
38 years$1,227$794$498$304$183$54
39 years$1,183$755$466$281$166$47
40 years$1,140$718$437$259$150$41
41 years$1,100$684$410$239$136$36
42 years$1,062$651$385$220$124$31
43 years$1,025$620$361$204$112$27
44 years$991$591$339$188$102$24
45 years$958$564$318$174$93$21
46 years$927$538$299$160$84$18
47 years$897$513$281$148$76$16
48 years$868$490$264$137$69$14
49 years$840$468$248$126$63$12
50 years$814$447$233$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $834,000, adding $4,150 every year, while hoping to spend $49,489 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: 42/38/20 Blend
50$834,000$834,000$834,000$834,000
51$923,349$879,147$866,220$956,564
52$964,874$869,569$842,582$970,961
53$1,008,977$857,863$816,494$981,428
54$1,055,867$843,873$787,821$991,744
55$1,105,775$827,433$756,423$1,001,920
56$1,158,954$808,366$722,152$1,011,973
57$1,215,679$786,488$684,856$1,021,925
58$1,276,253$761,600$644,373$1,031,805
59$1,341,007$733,495$600,537$1,041,648
60$1,410,306$701,953$553,171$1,051,498
61$1,484,547$666,739$502,092$1,061,410
62$1,564,169$627,606$447,110$1,071,448
63$1,649,649$584,295$388,024$1,081,688
64$1,741,516$536,528$324,625$1,092,221
65$1,840,347$484,014$256,696$1,103,154
66$1,946,777$426,445$184,010$1,114,611
67$2,061,501$363,494$106,327$1,126,734
68$2,185,286$294,817$23,401$1,139,690
69$2,318,974$220,051$0$1,153,670
70$2,463,486$138,811$0$1,182,784
71$2,619,841$50,692$0$1,219,624
72$2,789,154$0$0$1,259,535
73$2,972,652$0$0$1,321,612
74$3,171,686$0$0$1,412,024
75$3,387,740$0$0$1,510,259
76$3,622,446$0$0$1,617,073
77$3,877,601$0$0$1,733,293
78$4,155,180$0$0$1,859,833
79$4,457,357$0$0$1,997,697
80$4,786,525$0$0$2,147,990
81$5,145,314$0$0$2,311,929
82$5,536,623$0$0$2,490,853
83$5,963,640$0$0$2,686,234
84$6,429,874$0$0$2,899,696
85$6,939,189$0$0$3,133,023
86$7,495,839$0$0$3,388,184
87$8,104,506$0$0$3,667,342
88$8,770,346$0$0$3,972,881
89$9,499,035$0$0$4,307,426
90$10,296,826$0$0$4,673,869
91$11,170,601$0$0$5,075,392
92$12,127,942$0$0$5,515,501
93$13,177,196$0$0$5,998,057
94$14,327,559$0$0$6,527,313
95$15,589,157$0$0$7,107,954
96$16,973,143$0$0$7,745,137
97$18,491,804$0$0$8,444,547
98$20,158,672$0$0$9,212,442
99$21,988,652$0$0$10,055,720
100$23,998,165$0$0$10,981,975