Can I retire at age 51 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$69,614$68,994$68,389$67,799$67,222$64,837
2 years$34,462$33,821$33,199$32,595$32,010$29,633
3 years$22,747$22,102$21,482$20,884$20,309$18,014
4 years$16,890$16,247$15,633$15,046$14,484$12,289
5 years$13,377$12,738$12,132$11,557$11,011$8,921
6 years$11,036$10,402$9,804$9,242$8,712$6,730
7 years$9,364$8,735$8,148$7,598$7,086$5,210
8 years$8,111$7,488$6,910$6,374$5,878$4,107
9 years$7,137$6,519$5,951$5,429$4,950$3,282
10 years$6,358$5,747$5,189$4,680$4,218$2,650
11 years$5,721$5,116$4,568$4,073$3,628$2,156
12 years$5,190$4,592$4,054$3,573$3,144$1,766
13 years$4,742$4,150$3,622$3,154$2,741$1,453
14 years$4,358$3,772$3,254$2,800$2,403$1,200
15 years$4,025$3,446$2,938$2,497$2,116$995
16 years$3,735$3,161$2,664$2,236$1,870$827
17 years$3,479$2,911$2,424$2,009$1,658$689
18 years$3,251$2,690$2,213$1,810$1,474$574
19 years$3,048$2,493$2,026$1,636$1,314$480
20 years$2,865$2,317$1,859$1,482$1,174$402
21 years$2,700$2,158$1,710$1,345$1,050$336
22 years$2,550$2,015$1,576$1,223$941$282
23 years$2,413$1,884$1,455$1,113$845$236
24 years$2,288$1,765$1,346$1,015$760$198
25 years$2,173$1,657$1,247$927$684$167
26 years$2,067$1,557$1,156$848$616$140
27 years$1,970$1,465$1,074$776$555$118
28 years$1,879$1,381$998$711$501$99
29 years$1,795$1,303$929$652$452$83
30 years$1,716$1,230$865$598$409$70
31 years$1,643$1,163$806$550$369$59
32 years$1,574$1,100$752$505$334$49
33 years$1,510$1,042$703$465$302$42
34 years$1,449$988$656$427$274$35
35 years$1,392$937$614$393$248$29
36 years$1,339$889$574$362$225$25
37 years$1,288$844$537$334$204$21
38 years$1,241$803$503$308$185$18
39 years$1,195$763$471$284$167$15
40 years$1,153$726$442$262$152$12
41 years$1,112$691$414$241$138$10
42 years$1,073$658$389$223$125$9
43 years$1,037$627$365$206$113$7
44 years$1,002$598$342$190$103$6
45 years$968$570$321$175$94$5
46 years$937$544$302$162$85$4
47 years$906$519$284$150$77$4
48 years$877$495$267$138$70$3
49 years$850$473$251$128$64$3
50 years$823$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $843,000, adding $6,495 every year, while hoping to spend $22,412 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: 63/11/26 Blend
50$843,000$843,000$843,000$843,000
51$935,686$891,007$877,940$987,809
52$1,007,279$910,820$883,505$1,043,688
53$1,085,424$930,853$888,505$1,101,655
54$1,170,766$951,092$892,898$1,164,481
55$1,264,012$971,524$896,638$1,232,644
56$1,365,946$992,133$899,680$1,306,672
57$1,477,426$1,012,902$901,973$1,387,148
58$1,599,400$1,033,810$903,466$1,474,712
59$1,732,911$1,054,839$904,104$1,570,072
60$1,879,107$1,075,965$903,830$1,674,007
61$2,039,251$1,097,163$902,584$1,787,376
62$2,214,738$1,118,407$900,304$1,911,126
63$2,407,100$1,139,667$896,923$2,046,300
64$2,618,026$1,160,913$892,372$2,194,049
65$2,849,377$1,182,110$886,578$2,355,641
66$3,103,201$1,203,222$879,467$2,532,475
67$3,381,757$1,224,208$870,957$2,726,090
68$3,687,528$1,245,027$860,967$2,938,187
69$4,023,255$1,265,632$849,408$3,170,636
70$4,391,953$1,285,974$836,189$3,425,503
71$4,796,945$1,306,000$821,215$3,705,063
72$5,241,893$1,325,653$804,385$4,011,824
73$5,730,828$1,344,872$785,594$4,348,550
74$6,268,194$1,363,593$764,733$4,718,290
75$6,858,886$1,381,744$741,687$5,124,402
76$7,508,295$1,399,252$716,336$5,570,589
77$8,222,362$1,416,037$688,555$6,060,933
78$9,007,634$1,432,014$658,212$6,599,933
79$9,871,320$1,447,090$625,170$7,192,549
80$10,821,368$1,461,170$589,286$7,844,247
81$11,866,530$1,474,150$550,410$8,561,053
82$13,016,452$1,485,920$508,384$9,349,608
83$14,281,761$1,496,361$463,047$10,217,233
84$15,674,168$1,505,350$414,226$11,171,998
85$17,206,573$1,512,752$361,743$12,222,796
86$18,893,194$1,518,427$305,411$13,379,431
87$20,749,694$1,522,224$245,036$14,652,708
88$22,793,332$1,523,983$180,415$16,054,537
89$25,043,128$1,523,534$111,335$17,598,046
90$27,520,036$1,520,696$37,573$19,297,702
91$30,247,148$1,515,279$0$21,169,453
92$33,249,908$1,507,078$0$23,242,288
93$36,556,351$1,495,878$0$25,536,033
94$40,197,374$1,481,450$0$28,061,674
95$44,207,017$1,463,552$0$30,842,818
96$48,622,793$1,441,927$0$33,905,477
97$53,486,038$1,416,301$0$37,278,317
98$58,842,301$1,386,388$0$40,992,927
99$64,741,775$1,351,880$0$45,084,119
100$71,239,769$1,312,454$0$49,590,252