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%15.7%
1 years$70,192$69,567$68,957$68,362$67,780$66,195
2 years$34,749$34,101$33,474$32,866$32,276$30,689
3 years$22,936$22,286$21,660$21,058$20,477$18,937
4 years$17,030$16,382$15,763$15,171$14,605$13,122
5 years$13,488$12,844$12,233$11,653$11,102$9,683
6 years$11,127$10,488$9,886$9,319$8,785$7,430
7 years$9,442$8,808$8,215$7,661$7,144$5,854
8 years$8,178$7,550$6,967$6,427$5,927$4,700
9 years$7,196$6,574$6,001$5,474$4,991$3,827
10 years$6,410$5,794$5,232$4,719$4,253$3,151
11 years$5,768$5,158$4,606$4,107$3,658$2,615
12 years$5,234$4,630$4,088$3,602$3,170$2,186
13 years$4,781$4,184$3,652$3,180$2,764$1,837
14 years$4,394$3,803$3,281$2,823$2,423$1,550
15 years$4,059$3,474$2,963$2,518$2,133$1,313
16 years$3,766$3,188$2,686$2,254$1,885$1,116
17 years$3,507$2,936$2,444$2,026$1,672$951
18 years$3,278$2,713$2,231$1,825$1,486$812
19 years$3,073$2,514$2,043$1,649$1,325$694
20 years$2,889$2,336$1,875$1,494$1,183$595
21 years$2,722$2,176$1,724$1,356$1,059$510
22 years$2,571$2,031$1,589$1,233$949$438
23 years$2,433$1,900$1,467$1,123$852$376
24 years$2,307$1,780$1,357$1,024$766$324
25 years$2,191$1,670$1,257$935$689$279
26 years$2,085$1,570$1,166$855$621$240
27 years$1,986$1,478$1,082$783$560$207
28 years$1,894$1,392$1,006$717$505$178
29 years$1,809$1,313$936$658$456$154
30 years$1,730$1,240$872$603$412$133
31 years$1,656$1,173$813$554$373$114
32 years$1,587$1,109$759$509$337$99
33 years$1,522$1,051$708$468$305$85
34 years$1,461$996$662$431$276$74
35 years$1,404$945$619$397$250$63
36 years$1,350$897$579$365$227$55
37 years$1,299$851$542$337$205$47
38 years$1,251$809$507$310$186$41
39 years$1,205$769$475$286$169$35
40 years$1,162$732$446$264$153$31
41 years$1,121$697$418$243$139$26
42 years$1,082$664$392$225$126$23
43 years$1,045$632$368$207$114$20
44 years$1,010$603$345$192$104$17
45 years$976$575$324$177$94$15
46 years$944$548$304$163$86$13
47 years$914$523$286$151$78$11
48 years$885$500$269$139$71$9
49 years$857$477$253$129$64$8
50 years$830$456$238$119$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $850,000, adding $3,535 every year, while hoping to spend $48,870 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: 31/41/28 Blend
50$850,000$850,000$850,000$850,000
51$940,346$895,296$882,121$961,345
52$984,264$887,169$859,675$969,756
53$1,031,024$877,005$834,839$974,272
54$1,080,864$864,653$807,481$978,172
55$1,134,045$849,954$777,465$981,438
56$1,190,852$832,736$744,645$984,052
57$1,251,600$812,821$708,871$986,000
58$1,316,631$790,017$669,986$987,273
59$1,386,322$764,123$627,826$987,864
60$1,461,087$734,925$582,218$987,774
61$1,541,379$702,198$532,983$987,008
62$1,627,695$665,701$479,934$985,579
63$1,720,582$625,182$422,873$983,509
64$1,820,640$580,375$361,598$980,828
65$1,928,527$530,995$295,893$977,578
66$2,044,967$476,744$225,536$973,814
67$2,170,756$417,307$150,294$969,603
68$2,306,767$352,349$69,923$965,031
69$2,453,961$281,517$0$960,201
70$2,613,394$204,440$0$959,970
71$2,786,226$120,724$0$982,354
72$2,973,735$29,953$0$1,006,697
73$3,177,324$0$0$1,033,290
74$3,398,537$0$0$1,093,278
75$3,639,074$0$0$1,173,317
76$3,900,802$0$0$1,260,528
77$4,185,780$0$0$1,355,612
78$4,496,268$0$0$1,459,339
79$4,834,758$0$0$1,572,559
80$5,203,990$0$0$1,696,205
81$5,606,979$0$0$1,831,304
82$6,047,048$0$0$1,978,990
83$6,527,851$0$0$2,140,507
84$7,053,411$0$0$2,317,229
85$7,628,160$0$0$2,510,665
86$8,256,976$0$0$2,722,480
87$8,945,229$0$0$2,954,506
88$9,698,834$0$0$3,208,759
89$10,524,304$0$0$3,487,463
90$11,428,812$0$0$3,793,064
91$12,420,258$0$0$4,128,257
92$13,507,340$0$0$4,496,012
93$14,699,642$0$0$4,899,597
94$16,007,718$0$0$5,342,616
95$17,443,191$0$0$5,829,035
96$19,018,867$0$0$6,363,226
97$20,748,851$0$0$6,950,002
98$22,648,680$0$0$7,594,667
99$24,735,470$0$0$8,303,066
100$27,028,077$0$0$9,081,633