Can I retire at age 51 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$69,201$68,585$67,983$67,396$66,823$65,076
2 years$34,258$33,620$33,002$32,402$31,821$30,072
3 years$22,612$21,971$21,354$20,760$20,188$18,493
4 years$16,790$16,151$15,540$14,957$14,398$12,770
5 years$13,298$12,663$12,060$11,488$10,945$9,388
6 years$10,970$10,340$9,746$9,187$8,661$7,176
7 years$9,308$8,684$8,099$7,553$7,044$5,631
8 years$8,063$7,443$6,869$6,336$5,843$4,503
9 years$7,094$6,481$5,916$5,397$4,921$3,652
10 years$6,320$5,712$5,158$4,652$4,193$2,993
11 years$5,687$5,086$4,541$4,049$3,606$2,473
12 years$5,160$4,564$4,030$3,551$3,125$2,058
13 years$4,714$4,125$3,600$3,135$2,725$1,721
14 years$4,332$3,749$3,235$2,783$2,389$1,446
15 years$4,002$3,425$2,921$2,482$2,103$1,219
16 years$3,713$3,143$2,648$2,223$1,859$1,030
17 years$3,458$2,894$2,410$1,997$1,648$873
18 years$3,232$2,674$2,200$1,800$1,465$742
19 years$3,030$2,479$2,014$1,626$1,306$631
20 years$2,848$2,303$1,848$1,473$1,167$538
21 years$2,684$2,145$1,700$1,337$1,044$459
22 years$2,535$2,003$1,567$1,215$936$392
23 years$2,399$1,873$1,447$1,107$840$335
24 years$2,275$1,755$1,338$1,009$755$286
25 years$2,160$1,647$1,239$922$679$245
26 years$2,055$1,548$1,149$843$612$210
27 years$1,958$1,457$1,067$772$552$180
28 years$1,868$1,373$992$707$498$154
29 years$1,784$1,295$923$648$450$132
30 years$1,706$1,223$860$595$406$113
31 years$1,633$1,156$802$546$367$97
32 years$1,565$1,094$748$502$332$83
33 years$1,501$1,036$698$462$301$72
34 years$1,441$982$653$425$272$61
35 years$1,384$931$610$391$247$53
36 years$1,331$884$571$360$223$45
37 years$1,281$839$534$332$202$39
38 years$1,233$798$500$306$184$33
39 years$1,188$759$469$282$166$29
40 years$1,146$722$439$260$151$25
41 years$1,105$687$412$240$137$21
42 years$1,067$654$386$222$124$18
43 years$1,030$623$363$204$113$16
44 years$996$594$340$189$102$13
45 years$963$567$320$174$93$12
46 years$931$541$300$161$84$10
47 years$901$516$282$149$77$8
48 years$872$492$265$138$70$7
49 years$845$470$249$127$63$6
50 years$818$449$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $838,000, adding $6,015 every year, while hoping to spend $31,542 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: 80/10/10 Blend
50$838,000$838,000$838,000$838,000
51$929,680$885,266$872,277$1,002,063
52$990,947$895,084$867,938$1,060,230
53$1,057,406$904,326$862,397$1,119,312
54$1,129,554$912,930$855,579$1,183,213
55$1,207,936$920,830$847,408$1,252,400
56$1,293,152$927,958$837,803$1,327,386
57$1,385,863$934,238$826,680$1,408,737
58$1,486,797$939,591$813,949$1,497,077
59$1,596,753$943,933$799,519$1,593,093
60$1,716,610$947,175$783,291$1,697,540
61$1,847,339$949,220$765,165$1,811,253
62$1,990,004$949,969$745,035$1,935,150
63$2,145,779$949,312$722,788$2,070,243
64$2,315,956$947,136$698,310$2,217,647
65$2,501,958$943,320$671,477$2,378,590
66$2,705,349$937,735$642,164$2,554,427
67$2,927,855$930,244$610,236$2,746,649
68$3,171,373$920,702$575,556$2,956,901
69$3,437,993$908,957$537,977$3,186,993
70$3,730,018$894,845$497,349$3,438,924
71$4,049,981$878,194$453,511$3,714,892
72$4,400,675$858,822$406,300$4,017,324
73$4,785,175$836,534$355,541$4,348,891
74$5,206,865$811,127$301,055$4,712,539
75$5,669,476$782,383$242,651$5,111,514
76$6,177,117$750,074$180,134$5,549,393
77$6,734,311$713,956$113,297$6,030,119
78$7,346,044$673,773$41,925$6,558,038
79$8,017,805$629,253$0$7,137,937
80$8,755,644$580,109$0$7,778,750
81$9,566,223$526,038$0$8,487,650
82$10,456,883$466,718$0$9,266,598
83$11,435,710$401,812$0$10,122,687
84$12,511,611$330,960$0$11,063,732
85$13,694,403$253,785$0$12,098,347
86$14,994,898$169,886$0$13,236,023
87$16,425,009$78,841$0$14,487,217
88$17,997,860$0$0$15,863,453
89$19,727,914$0$0$17,379,611
90$21,631,103$0$0$19,057,068
91$23,724,982$0$0$20,902,625
92$26,028,893$0$0$22,933,333
93$28,564,148$0$0$25,167,981
94$31,354,229$0$0$27,627,270
95$34,425,008$0$0$30,334,009
96$37,804,996$0$0$33,313,331
97$41,525,604$0$0$36,592,929
98$45,621,446$0$0$40,203,318
99$50,130,662$0$0$44,178,121
100$55,095,275$0$0$48,554,387