Can I retire at age 51 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$69,119$68,503$67,902$67,316$66,744$66,379
2 years$34,217$33,580$32,962$32,363$31,783$31,414
3 years$22,585$21,945$21,329$20,736$20,164$19,804
4 years$16,770$16,132$15,522$14,939$14,381$14,032
5 years$13,282$12,648$12,046$11,474$10,932$10,595
6 years$10,957$10,328$9,735$9,176$8,650$8,325
7 years$9,297$8,673$8,090$7,544$7,035$6,723
8 years$8,053$7,434$6,861$6,329$5,836$5,536
9 years$7,086$6,473$5,909$5,391$4,915$4,627
10 years$6,312$5,706$5,152$4,647$4,188$3,913
11 years$5,680$5,079$4,535$4,044$3,602$3,339
12 years$5,153$4,559$4,025$3,547$3,121$2,870
13 years$4,708$4,120$3,596$3,132$2,722$2,482
14 years$4,327$3,745$3,231$2,780$2,386$2,158
15 years$3,997$3,421$2,917$2,479$2,101$1,884
16 years$3,708$3,139$2,645$2,220$1,857$1,650
17 years$3,454$2,891$2,407$1,995$1,646$1,450
18 years$3,228$2,671$2,197$1,797$1,464$1,278
19 years$3,026$2,476$2,011$1,624$1,305$1,129
20 years$2,845$2,300$1,846$1,471$1,165$999
21 years$2,681$2,143$1,698$1,335$1,043$885
22 years$2,532$2,000$1,565$1,214$935$786
23 years$2,396$1,871$1,445$1,105$839$699
24 years$2,272$1,753$1,336$1,008$754$622
25 years$2,158$1,645$1,238$921$679$554
26 years$2,053$1,546$1,148$842$611$494
27 years$1,956$1,455$1,066$771$551$441
28 years$1,865$1,371$991$706$497$394
29 years$1,782$1,293$922$647$449$352
30 years$1,704$1,221$859$594$406$315
31 years$1,631$1,155$801$546$367$282
32 years$1,563$1,093$747$502$332$252
33 years$1,499$1,035$698$461$300$226
34 years$1,439$981$652$424$272$202
35 years$1,383$930$609$391$246$181
36 years$1,329$883$570$360$223$162
37 years$1,279$838$534$331$202$146
38 years$1,232$797$500$306$183$131
39 years$1,187$758$468$282$166$117
40 years$1,144$721$439$260$151$105
41 years$1,104$686$411$240$137$94
42 years$1,066$654$386$221$124$85
43 years$1,029$623$362$204$113$76
44 years$994$594$340$189$102$68
45 years$961$566$319$174$93$61
46 years$930$540$300$161$84$55
47 years$900$515$282$149$77$49
48 years$871$492$265$137$70$44
49 years$844$470$249$127$63$40
50 years$817$449$234$117$57$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $837,000, adding $5,650 every year, while hoping to spend $25,228 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: 79/13/8 Blend
50$837,000$837,000$837,000$837,000
51$928,202$883,841$870,867$1,000,084
52$996,036$900,307$873,199$1,064,506
53$1,069,944$916,734$874,763$1,131,294
54$1,150,518$933,094$875,508$1,203,811
55$1,238,411$949,356$875,378$1,282,616
56$1,334,341$965,486$874,315$1,368,326
57$1,439,099$981,450$872,260$1,461,619
58$1,553,555$997,209$869,148$1,563,243
59$1,678,667$1,012,721$864,914$1,674,019
60$1,815,490$1,027,943$859,487$1,794,855
61$1,965,185$1,042,828$852,795$1,926,751
62$2,129,031$1,057,323$844,761$2,070,804
63$2,308,436$1,071,377$835,305$2,228,229
64$2,504,952$1,084,929$824,342$2,400,360
65$2,720,285$1,097,919$811,786$2,588,668
66$2,956,317$1,110,280$797,543$2,794,774
67$3,215,119$1,121,941$781,519$3,020,464
68$3,498,972$1,132,827$763,611$3,267,706
69$3,810,389$1,142,858$743,714$3,538,667
70$4,152,139$1,151,948$721,718$3,835,736
71$4,527,269$1,160,005$697,508$4,161,547
72$4,939,138$1,166,933$670,962$4,518,999
73$5,391,446$1,172,629$641,955$4,911,288
74$5,888,268$1,176,981$610,355$5,341,937
75$6,434,092$1,179,875$576,022$5,814,827
76$7,033,865$1,181,184$538,815$6,334,234
77$7,693,035$1,180,778$498,581$6,904,871
78$8,417,604$1,178,515$455,163$7,531,933
79$9,214,185$1,174,249$408,397$8,221,142
80$10,090,065$1,167,819$358,110$8,978,806
81$11,053,269$1,159,060$304,125$9,811,875
82$12,112,641$1,147,793$246,252$10,728,008
83$13,277,926$1,133,830$184,296$11,735,647
84$14,559,858$1,116,971$118,054$12,844,094
85$15,970,266$1,097,005$47,311$14,063,599
86$17,522,182$1,073,708$0$15,405,461
87$19,229,967$1,046,842$0$16,884,535
88$21,109,443$1,016,156$0$18,516,602
89$23,178,043$981,384$0$20,312,760
90$25,454,976$942,245$0$22,289,693
91$27,961,409$898,440$0$24,465,789
92$30,720,663$849,654$0$26,861,307
93$33,758,438$795,555$0$29,498,576
94$37,103,051$735,789$0$32,402,200
95$40,785,703$669,984$0$35,599,291
96$44,840,778$597,746$0$39,119,729
97$49,306,160$518,658$0$42,996,439
98$54,223,597$432,282$0$47,265,707
99$59,639,092$338,152$0$51,967,516
100$65,603,335$235,777$0$57,145,931