Can I retire at age 51 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$69,532$68,912$68,308$67,718$67,142$66,552
2 years$34,422$33,781$33,159$32,557$31,973$31,378
3 years$22,720$22,076$21,456$20,859$20,285$19,704
4 years$16,870$16,228$15,615$15,028$14,467$13,905
5 years$13,361$12,723$12,118$11,543$10,998$10,455
6 years$11,023$10,389$9,793$9,231$8,702$8,180
7 years$9,353$8,725$8,138$7,589$7,077$6,576
8 years$8,101$7,479$6,902$6,367$5,871$5,391
9 years$7,128$6,512$5,944$5,423$4,944$4,485
10 years$6,350$5,740$5,182$4,675$4,213$3,774
11 years$5,714$5,110$4,562$4,068$3,623$3,205
12 years$5,184$4,586$4,049$3,568$3,140$2,741
13 years$4,736$4,145$3,618$3,150$2,738$2,358
14 years$4,353$3,767$3,250$2,797$2,400$2,039
15 years$4,021$3,442$2,935$2,494$2,113$1,771
16 years$3,730$3,158$2,661$2,233$1,868$1,543
17 years$3,474$2,908$2,421$2,006$1,656$1,349
18 years$3,247$2,687$2,210$1,808$1,472$1,182
19 years$3,044$2,490$2,023$1,634$1,312$1,038
20 years$2,862$2,314$1,857$1,480$1,172$913
21 years$2,697$2,156$1,708$1,343$1,049$805
22 years$2,547$2,012$1,574$1,221$940$710
23 years$2,411$1,882$1,453$1,112$844$627
24 years$2,286$1,763$1,344$1,014$759$555
25 years$2,171$1,655$1,245$926$683$492
26 years$2,065$1,555$1,155$847$615$436
27 years$1,967$1,464$1,072$775$554$386
28 years$1,877$1,379$997$710$500$343
29 years$1,792$1,301$928$651$452$304
30 years$1,714$1,229$864$598$408$270
31 years$1,641$1,162$806$549$369$240
32 years$1,572$1,099$752$505$334$214
33 years$1,508$1,041$702$464$302$190
34 years$1,448$986$656$427$274$169
35 years$1,391$936$613$393$248$151
36 years$1,337$888$573$362$224$134
37 years$1,287$843$537$333$203$119
38 years$1,239$802$503$307$184$106
39 years$1,194$762$471$283$167$95
40 years$1,151$725$441$261$152$84
41 years$1,111$690$414$241$138$75
42 years$1,072$657$388$223$125$67
43 years$1,035$626$364$205$113$60
44 years$1,000$597$342$190$103$53
45 years$967$569$321$175$93$47
46 years$935$543$302$162$85$42
47 years$905$518$283$150$77$38
48 years$876$495$266$138$70$34
49 years$849$473$250$128$64$30
50 years$822$451$235$118$58$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $842,000, adding $6,315 every year, while hoping to spend $59,298 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: 72/18/10 Blend
50$842,000$842,000$842,000$842,000
51$934,398$889,772$876,721$999,447
52$966,614$870,278$842,998$1,023,801
53$1,000,128$847,842$806,159$1,042,519
54$1,035,012$822,256$766,035$1,061,395
55$1,071,338$793,302$722,453$1,080,427
56$1,109,189$760,748$675,229$1,099,619
57$1,148,650$724,349$624,173$1,118,972
58$1,189,816$683,845$569,087$1,138,492
59$1,232,787$638,963$509,761$1,158,186
60$1,277,671$589,413$445,978$1,178,063
61$1,324,587$534,887$377,511$1,198,134
62$1,373,661$475,062$304,124$1,218,415
63$1,425,030$409,596$225,568$1,238,925
64$1,478,843$338,127$141,585$1,259,688
65$1,535,262$260,272$51,904$1,280,731
66$1,594,461$175,628$0$1,302,087
67$1,656,631$83,768$0$1,328,472
68$1,721,977$0$0$1,361,472
69$1,790,724$0$0$1,398,752
70$1,863,116$0$0$1,455,495
71$1,939,419$0$0$1,515,320
72$2,019,922$0$0$1,578,454
73$2,104,941$0$0$1,645,148
74$2,194,820$0$0$1,715,674
75$2,289,935$0$0$1,790,330
76$2,390,695$0$0$1,869,439
77$2,497,550$0$0$1,953,358
78$2,610,988$0$0$2,042,473
79$2,731,546$0$0$2,137,209
80$2,859,809$0$0$2,238,029
81$2,996,418$0$0$2,345,442
82$3,142,077$0$0$2,460,005
83$3,297,553$0$0$2,582,325
84$3,463,690$0$0$2,713,071
85$3,641,411$0$0$2,852,974
86$3,831,729$0$0$3,002,838
87$4,035,755$0$0$3,163,542
88$4,254,706$0$0$3,336,051
89$4,489,921$0$0$3,521,426
90$4,742,867$0$0$3,720,830
91$5,015,155$0$0$3,935,541
92$5,308,555$0$0$4,166,959
93$5,625,009$0$0$4,416,628
94$5,966,654$0$0$4,686,239
95$6,335,836$0$0$4,977,652
96$6,735,132$0$0$5,292,912
97$7,167,378$0$0$5,634,265
98$7,635,688$0$0$6,004,184
99$8,143,489$0$0$6,405,384
100$8,694,547$0$0$6,840,852