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%12.9%
1 years$68,871$68,257$67,659$67,075$66,504$65,701
2 years$34,095$33,460$32,844$32,247$31,669$30,860
3 years$22,504$21,866$21,252$20,661$20,092$19,303
4 years$16,710$16,074$15,466$14,885$14,330$13,567
5 years$13,234$12,602$12,002$11,433$10,893$10,159
6 years$10,918$10,291$9,700$9,143$8,619$7,914
7 years$9,264$8,642$8,061$7,517$7,010$6,334
8 years$8,024$7,408$6,836$6,306$5,815$5,169
9 years$7,060$6,450$5,888$5,371$4,897$4,280
10 years$6,290$5,685$5,133$4,630$4,173$3,584
11 years$5,660$5,061$4,519$4,030$3,589$3,028
12 years$5,135$4,543$4,011$3,535$3,110$2,577
13 years$4,691$4,105$3,583$3,120$2,712$2,206
14 years$4,311$3,732$3,220$2,770$2,377$1,898
15 years$3,982$3,409$2,907$2,470$2,093$1,639
16 years$3,695$3,128$2,635$2,212$1,850$1,420
17 years$3,441$2,880$2,398$1,987$1,640$1,234
18 years$3,216$2,662$2,189$1,791$1,458$1,075
19 years$3,015$2,467$2,004$1,618$1,300$939
20 years$2,835$2,292$1,839$1,466$1,161$821
21 years$2,671$2,135$1,692$1,330$1,039$719
22 years$2,523$1,993$1,559$1,209$931$631
23 years$2,388$1,864$1,440$1,102$836$554
24 years$2,264$1,746$1,331$1,005$751$487
25 years$2,150$1,639$1,233$918$676$429
26 years$2,045$1,540$1,144$839$609$378
27 years$1,949$1,450$1,062$768$549$333
28 years$1,859$1,366$987$704$496$293
29 years$1,775$1,289$919$645$447$259
30 years$1,698$1,217$856$592$404$229
31 years$1,625$1,151$798$544$366$202
32 years$1,557$1,089$744$500$331$178
33 years$1,494$1,031$695$460$299$157
34 years$1,434$977$649$423$271$139
35 years$1,378$927$607$389$245$123
36 years$1,325$880$568$358$222$109
37 years$1,275$835$532$330$202$96
38 years$1,227$794$498$304$183$85
39 years$1,183$755$466$281$166$75
40 years$1,140$718$437$259$150$67
41 years$1,100$684$410$239$136$59
42 years$1,062$651$385$220$124$52
43 years$1,025$620$361$204$112$46
44 years$991$591$339$188$102$41
45 years$958$564$318$174$93$36
46 years$927$538$299$160$84$32
47 years$897$513$281$148$76$28
48 years$868$490$264$137$69$25
49 years$840$468$248$126$63$22
50 years$814$447$233$117$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $834,000, adding $2,919 every year, while hoping to spend $45,388 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: 38/35/27 Blend
50$834,000$834,000$834,000$834,000
51$922,079$877,877$864,950$949,607
52$967,839$872,600$845,633$964,774
53$1,016,744$865,544$824,148$976,767
54$1,069,069$856,573$800,374$988,852
55$1,125,113$845,544$774,186$1,001,069
56$1,185,204$832,304$745,450$1,013,462
57$1,249,701$816,694$714,029$1,026,084
58$1,319,002$798,543$679,780$1,038,998
59$1,393,538$777,670$642,551$1,052,277
60$1,473,787$753,884$602,184$1,066,008
61$1,560,272$726,983$558,516$1,080,289
62$1,653,567$696,752$511,374$1,095,234
63$1,754,304$662,966$460,578$1,110,975
64$1,863,177$625,385$405,941$1,127,661
65$1,980,947$583,755$347,267$1,145,465
66$2,108,454$537,809$284,350$1,164,582
67$2,246,617$487,263$216,977$1,185,234
68$2,396,452$431,818$144,925$1,207,673
69$2,559,070$371,158$67,961$1,232,186
70$2,735,699$304,948$0$1,259,094
71$2,927,685$232,835$0$1,292,845
72$3,136,511$154,447$0$1,350,926
73$3,363,809$69,389$0$1,414,274
74$3,611,374$0$0$1,483,489
75$3,881,180$0$0$1,568,000
76$4,175,403$0$0$1,689,404
77$4,496,434$0$0$1,821,978
78$4,846,907$0$0$1,966,822
79$5,229,721$0$0$2,125,149
80$5,648,068$0$0$2,298,293
81$6,105,461$0$0$2,487,724
82$6,605,768$0$0$2,695,059
83$7,153,250$0$0$2,922,081
84$7,752,597$0$0$3,170,750
85$8,408,972$0$0$3,443,229
86$9,128,065$0$0$3,741,896
87$9,916,139$0$0$4,069,371
88$10,780,092$0$0$4,428,542
89$11,727,522$0$0$4,822,588
90$12,766,798$0$0$5,255,009
91$13,907,136$0$0$5,729,664
92$15,158,690$0$0$6,250,801
93$16,532,643$0$0$6,823,100
94$18,041,313$0$0$7,451,718
95$19,698,272$0$0$8,142,333
96$21,518,468$0$0$8,901,203
97$23,518,369$0$0$9,735,221
98$25,716,119$0$0$10,651,980
99$28,131,703$0$0$11,659,848
100$30,787,142$0$0$12,768,042