Can I retire at age 51 with 850,000?

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 $850,000?

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$70,192$69,567$68,957$68,362$67,780$65,375
2 years$34,749$34,101$33,474$32,866$32,276$29,879
3 years$22,936$22,286$21,660$21,058$20,477$18,163
4 years$17,030$16,382$15,763$15,171$14,605$12,391
5 years$13,488$12,844$12,233$11,653$11,102$8,995
6 years$11,127$10,488$9,886$9,319$8,785$6,786
7 years$9,442$8,808$8,215$7,661$7,144$5,253
8 years$8,178$7,550$6,967$6,427$5,927$4,142
9 years$7,196$6,574$6,001$5,474$4,991$3,310
10 years$6,410$5,794$5,232$4,719$4,253$2,672
11 years$5,768$5,158$4,606$4,107$3,658$2,174
12 years$5,234$4,630$4,088$3,602$3,170$1,780
13 years$4,781$4,184$3,652$3,180$2,764$1,465
14 years$4,394$3,803$3,281$2,823$2,423$1,210
15 years$4,059$3,474$2,963$2,518$2,133$1,003
16 years$3,766$3,188$2,686$2,254$1,885$834
17 years$3,507$2,936$2,444$2,026$1,672$694
18 years$3,278$2,713$2,231$1,825$1,486$579
19 years$3,073$2,514$2,043$1,649$1,325$484
20 years$2,889$2,336$1,875$1,494$1,183$405
21 years$2,722$2,176$1,724$1,356$1,059$339
22 years$2,571$2,031$1,589$1,233$949$284
23 years$2,433$1,900$1,467$1,123$852$238
24 years$2,307$1,780$1,357$1,024$766$200
25 years$2,191$1,670$1,257$935$689$168
26 years$2,085$1,570$1,166$855$621$141
27 years$1,986$1,478$1,082$783$560$118
28 years$1,894$1,392$1,006$717$505$100
29 years$1,809$1,313$936$658$456$84
30 years$1,730$1,240$872$603$412$70
31 years$1,656$1,173$813$554$373$59
32 years$1,587$1,109$759$509$337$50
33 years$1,522$1,051$708$468$305$42
34 years$1,461$996$662$431$276$35
35 years$1,404$945$619$397$250$30
36 years$1,350$897$579$365$227$25
37 years$1,299$851$542$337$205$21
38 years$1,251$809$507$310$186$18
39 years$1,205$769$475$286$169$15
40 years$1,162$732$446$264$153$13
41 years$1,121$697$418$243$139$11
42 years$1,082$664$392$225$126$9
43 years$1,045$632$368$207$114$7
44 years$1,010$603$345$192$104$6
45 years$976$575$324$177$94$5
46 years$944$548$304$163$86$4
47 years$914$523$286$151$78$4
48 years$885$500$269$139$71$3
49 years$857$477$253$129$64$3
50 years$830$456$238$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $850,000, adding $6,650 every year, while hoping to spend $29,665 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: 68/6/26 Blend
50$850,000$850,000$850,000$850,000
51$943,559$898,509$885,334$1,000,960
52$1,008,239$910,973$883,430$1,052,814
53$1,078,522$923,053$880,467$1,105,526
54$1,154,948$934,700$876,380$1,162,514
55$1,238,112$945,859$871,097$1,224,203
56$1,328,667$956,474$864,547$1,291,057
57$1,427,333$966,483$856,652$1,363,594
58$1,534,903$975,822$847,331$1,442,379
59$1,652,246$984,421$836,500$1,528,039
60$1,780,324$992,206$824,071$1,621,266
61$1,920,191$999,098$809,951$1,722,820
62$2,073,010$1,005,014$794,044$1,833,541
63$2,240,061$1,009,863$776,249$1,954,355
64$2,422,753$1,013,552$756,459$2,086,285
65$2,622,636$1,015,979$734,563$2,230,456
66$2,841,420$1,017,037$710,446$2,388,110
67$3,080,985$1,016,612$683,986$2,560,618
68$3,343,403$1,014,583$655,056$2,749,490
69$3,630,954$1,010,821$623,525$2,956,392
70$3,946,150$1,005,191$589,252$3,183,160
71$4,291,759$997,547$552,094$3,431,821
72$4,670,828$987,737$511,898$3,704,607
73$5,086,714$975,597$468,508$4,003,981
74$5,543,112$960,955$421,757$4,332,658
75$6,044,096$943,628$371,472$4,693,633
76$6,594,152$923,424$317,474$5,090,205
77$7,198,220$900,136$259,575$5,526,015
78$7,861,745$873,549$197,576$6,005,076
79$8,590,722$843,432$131,274$6,531,811
80$9,391,758$809,542$60,454$7,111,098
81$10,272,130$771,622$0$7,748,315
82$11,239,855$729,401$0$8,453,585
83$12,303,768$682,589$0$9,247,419
84$13,473,600$630,883$0$10,120,302
85$14,760,072$573,961$0$11,080,246
86$16,174,998$511,484$0$12,136,083
87$17,731,392$443,091$0$13,297,542
88$19,443,594$368,403$0$14,575,345
89$21,327,405$287,018$0$15,981,305
90$23,400,232$198,514$0$17,528,440
91$25,681,256$102,442$0$19,231,095
92$28,191,612$0$0$21,105,077
93$30,954,587$0$0$23,167,915
94$33,995,839$0$0$25,446,019
95$37,343,642$0$0$27,953,811
96$41,029,147$0$0$30,714,636
97$45,086,682$0$0$33,754,215
98$49,554,072$0$0$37,100,892
99$54,472,994$0$0$40,785,898
100$59,889,376$0$0$44,843,647