Can I retire at age 51 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$70,110$69,485$68,876$68,281$67,700$66,470
2 years$34,708$34,061$33,435$32,827$32,238$31,003
3 years$22,909$22,259$21,635$21,033$20,453$19,251
4 years$17,010$16,363$15,744$15,153$14,587$13,428
5 years$13,472$12,829$12,218$11,639$11,089$9,976
6 years$11,114$10,476$9,874$9,308$8,774$7,709
7 years$9,431$8,797$8,206$7,652$7,136$6,118
8 years$8,168$7,541$6,959$6,419$5,920$4,950
9 years$7,187$6,566$5,994$5,468$4,985$4,062
10 years$6,403$5,787$5,225$4,713$4,248$3,371
11 years$5,761$5,152$4,600$4,102$3,653$2,822
12 years$5,227$4,624$4,083$3,598$3,166$2,378
13 years$4,776$4,179$3,648$3,177$2,761$2,016
14 years$4,389$3,799$3,277$2,820$2,420$1,717
15 years$4,054$3,470$2,959$2,515$2,131$1,467
16 years$3,761$3,184$2,683$2,252$1,883$1,258
17 years$3,503$2,932$2,441$2,023$1,670$1,082
18 years$3,274$2,709$2,229$1,823$1,485$933
19 years$3,070$2,511$2,040$1,647$1,323$805
20 years$2,885$2,333$1,872$1,492$1,182$697
21 years$2,719$2,174$1,722$1,354$1,058$603
22 years$2,568$2,029$1,587$1,231$948$523
23 years$2,431$1,898$1,466$1,121$851$454
24 years$2,305$1,778$1,355$1,023$765$395
25 years$2,189$1,668$1,255$934$688$343
26 years$2,082$1,568$1,164$854$620$299
27 years$1,984$1,476$1,081$782$559$260
28 years$1,892$1,391$1,005$716$504$227
29 years$1,807$1,312$935$657$455$197
30 years$1,728$1,239$871$603$412$172
31 years$1,654$1,171$812$554$372$150
32 years$1,585$1,108$758$509$337$131
33 years$1,520$1,049$708$468$305$114
34 years$1,460$995$661$430$276$100
35 years$1,402$943$618$396$250$87
36 years$1,348$895$578$365$226$76
37 years$1,298$850$541$336$205$66
38 years$1,249$808$507$310$186$58
39 years$1,204$769$475$286$169$51
40 years$1,161$731$445$264$153$44
41 years$1,120$696$417$243$139$39
42 years$1,081$663$391$224$126$34
43 years$1,044$632$367$207$114$30
44 years$1,009$602$345$191$104$26
45 years$975$574$324$177$94$23
46 years$943$548$304$163$86$20
47 years$913$523$286$151$78$17
48 years$884$499$268$139$71$15
49 years$856$476$252$129$64$13
50 years$829$455$237$119$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $849,000, adding $5,446 every year, while hoping to spend $30,238 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: 75/18/7 Blend
50$849,000$849,000$849,000$849,000
51$941,216$896,219$883,059$1,010,531
52$1,005,047$907,960$880,469$1,068,630
53$1,074,375$919,264$876,778$1,127,886
54$1,149,729$930,076$871,918$1,191,948
55$1,231,692$940,340$865,817$1,261,281
56$1,320,902$949,994$858,400$1,336,397
57$1,418,064$958,974$849,586$1,417,860
58$1,523,953$967,210$839,294$1,506,292
59$1,639,423$974,630$827,437$1,602,378
60$1,765,411$981,154$813,923$1,706,871
61$1,902,951$986,698$798,657$1,820,605
62$2,053,180$991,175$781,541$1,944,494
63$2,217,351$994,489$762,469$2,079,548
64$2,396,842$996,540$741,332$2,226,880
65$2,593,170$997,221$718,018$2,387,716
66$2,808,007$996,418$692,405$2,563,408
67$3,043,193$994,012$664,370$2,755,443
68$3,300,754$989,874$633,782$2,965,465
69$3,582,922$983,869$600,505$3,195,282
70$3,892,154$975,853$564,395$3,446,886
71$4,231,157$965,672$525,305$3,722,477
72$4,602,911$953,166$483,079$4,024,475
73$5,010,699$938,163$437,554$4,355,551
74$5,458,138$920,480$388,559$4,718,647
75$5,949,211$899,926$335,919$5,117,005
76$6,488,305$876,297$279,446$5,554,200
77$7,080,253$849,377$218,949$6,034,172
78$7,730,379$818,937$154,224$6,561,264
79$8,444,548$784,735$85,061$7,140,263
80$9,229,221$746,516$11,240$7,776,443
81$10,091,516$704,010$0$8,475,621
82$11,039,273$656,929$0$9,249,250
83$12,081,132$604,972$0$10,100,576
84$13,226,610$547,818$0$11,036,562
85$14,486,193$485,129$0$12,065,812
86$15,871,433$416,549$0$13,197,807
87$17,395,058$341,699$0$14,442,995
88$19,071,093$260,180$0$15,812,891
89$20,914,987$171,572$0$17,320,186
90$22,943,766$75,430$0$18,978,867
91$25,176,188$0$0$20,804,349
92$27,632,919$0$0$22,819,307
93$30,336,732$0$0$25,053,401
94$33,312,721$0$0$27,512,428
95$36,588,531$0$0$30,219,239
96$40,194,629$0$0$33,199,012
97$44,164,582$0$0$36,479,489
98$48,535,378$0$0$40,091,243
99$53,347,775$0$0$44,067,956
100$58,646,682$0$0$48,446,748