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%18.9%
1 years$68,871$68,257$67,659$67,075$66,504$64,119
2 years$34,095$33,460$32,844$32,247$31,669$29,292
3 years$22,504$21,866$21,252$20,661$20,092$17,797
4 years$16,710$16,074$15,466$14,885$14,330$12,135
5 years$13,234$12,602$12,002$11,433$10,893$8,805
6 years$10,918$10,291$9,700$9,143$8,619$6,639
7 years$9,264$8,642$8,061$7,517$7,010$5,136
8 years$8,024$7,408$6,836$6,306$5,815$4,047
9 years$7,060$6,450$5,888$5,371$4,897$3,232
10 years$6,290$5,685$5,133$4,630$4,173$2,608
11 years$5,660$5,061$4,519$4,030$3,589$2,121
12 years$5,135$4,543$4,011$3,535$3,110$1,735
13 years$4,691$4,105$3,583$3,120$2,712$1,427
14 years$4,311$3,732$3,220$2,770$2,377$1,178
15 years$3,982$3,409$2,907$2,470$2,093$976
16 years$3,695$3,128$2,635$2,212$1,850$810
17 years$3,441$2,880$2,398$1,987$1,640$674
18 years$3,216$2,662$2,189$1,791$1,458$562
19 years$3,015$2,467$2,004$1,618$1,300$469
20 years$2,835$2,292$1,839$1,466$1,161$392
21 years$2,671$2,135$1,692$1,330$1,039$328
22 years$2,523$1,993$1,559$1,209$931$275
23 years$2,388$1,864$1,440$1,102$836$230
24 years$2,264$1,746$1,331$1,005$751$193
25 years$2,150$1,639$1,233$918$676$162
26 years$2,045$1,540$1,144$839$609$136
27 years$1,949$1,450$1,062$768$549$114
28 years$1,859$1,366$987$704$496$96
29 years$1,775$1,289$919$645$447$81
30 years$1,698$1,217$856$592$404$68
31 years$1,625$1,151$798$544$366$57
32 years$1,557$1,089$744$500$331$48
33 years$1,494$1,031$695$460$299$40
34 years$1,434$977$649$423$271$34
35 years$1,378$927$607$389$245$28
36 years$1,325$880$568$358$222$24
37 years$1,275$835$532$330$202$20
38 years$1,227$794$498$304$183$17
39 years$1,183$755$466$281$166$14
40 years$1,140$718$437$259$150$12
41 years$1,100$684$410$239$136$10
42 years$1,062$651$385$220$124$8
43 years$1,025$620$361$204$112$7
44 years$991$591$339$188$102$6
45 years$958$564$318$174$93$5
46 years$927$538$299$160$84$4
47 years$897$513$281$148$76$4
48 years$868$490$264$137$69$3
49 years$840$468$248$126$63$3
50 years$814$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $834,000, adding $2,617 every year, while hoping to spend $34,226 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: 57/27/16 Blend
50$834,000$834,000$834,000$834,000
51$921,767$877,565$864,638$970,321
52$979,372$884,150$857,188$1,010,139
53$1,041,704$889,910$848,340$1,049,549
54$1,109,211$894,769$838,013$1,091,712
55$1,182,384$898,646$826,119$1,136,900
56$1,261,761$901,453$812,568$1,185,411
57$1,347,936$903,100$797,265$1,237,576
58$1,441,561$903,487$780,109$1,293,762
59$1,543,355$902,512$760,997$1,354,371
60$1,654,106$900,064$739,819$1,419,853
61$1,774,683$896,026$716,461$1,490,699
62$1,906,043$890,274$690,805$1,567,456
63$2,049,237$882,675$662,725$1,650,727
64$2,205,424$873,091$632,091$1,741,177
65$2,375,878$861,373$598,766$1,839,544
66$2,562,001$847,363$562,609$1,946,640
67$2,765,337$830,897$523,469$2,063,364
68$2,987,588$811,797$481,191$2,190,708
69$3,230,624$789,877$435,613$2,329,768
70$3,496,506$764,939$386,564$2,481,754
71$3,787,503$736,775$333,868$2,648,005
72$4,106,115$705,163$277,338$2,829,994
73$4,455,091$669,869$216,782$3,029,354
74$4,837,463$630,645$151,997$3,247,884
75$5,256,568$587,230$82,772$3,487,571
76$5,716,080$539,346$8,887$3,750,609
77$6,220,047$486,702$0$4,039,420
78$6,772,929$428,987$0$4,368,621
79$7,379,635$365,875$0$4,731,614
80$8,045,575$297,020$0$5,130,181
81$8,776,707$222,058$0$5,567,961
82$9,579,596$140,602$0$6,048,966
83$10,461,470$52,247$0$6,577,624
84$11,430,295$0$0$7,158,815
85$12,494,845$0$0$7,810,828
86$13,664,787$0$0$8,544,528
87$14,950,771$0$0$9,351,082
88$16,364,529$0$0$10,237,856
89$17,918,986$0$0$11,212,970
90$19,628,384$0$0$12,285,368
91$21,508,414$0$0$13,464,903
92$23,576,361$0$0$14,762,434
93$25,851,272$0$0$16,189,922
94$28,354,134$0$0$17,760,548
95$31,108,067$0$0$19,488,834
96$34,138,548$0$0$21,390,782
97$37,473,649$0$0$23,484,023
98$41,144,298$0$0$25,787,982
99$45,184,576$0$0$28,324,066
100$49,632,035$0$0$31,115,860