Can I retire at age 51 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$70,440$69,813$69,200$68,603$68,019$66,865
2 years$34,871$34,222$33,592$32,982$32,390$31,231
3 years$23,017$22,364$21,737$21,132$20,550$19,421
4 years$17,090$16,440$15,819$15,224$14,656$13,567
5 years$13,536$12,889$12,276$11,694$11,141$10,096
6 years$11,167$10,525$9,921$9,352$8,816$7,814
7 years$9,475$8,839$8,244$7,688$7,170$6,212
8 years$8,207$7,577$6,992$6,450$5,948$5,035
9 years$7,221$6,597$6,022$5,494$5,009$4,139
10 years$6,433$5,815$5,250$4,736$4,268$3,441
11 years$5,789$5,177$4,622$4,121$3,671$2,886
12 years$5,252$4,646$4,102$3,615$3,181$2,437
13 years$4,798$4,199$3,665$3,192$2,774$2,070
14 years$4,410$3,817$3,293$2,833$2,431$1,766
15 years$4,073$3,487$2,973$2,527$2,141$1,513
16 years$3,779$3,199$2,696$2,262$1,892$1,300
17 years$3,520$2,946$2,453$2,033$1,678$1,120
18 years$3,290$2,722$2,239$1,832$1,492$968
19 years$3,084$2,523$2,050$1,655$1,330$837
20 years$2,899$2,344$1,881$1,499$1,188$726
21 years$2,732$2,184$1,730$1,361$1,063$630
22 years$2,580$2,038$1,595$1,237$953$548
23 years$2,442$1,907$1,472$1,127$855$477
24 years$2,315$1,786$1,362$1,028$769$415
25 years$2,199$1,676$1,261$938$692$362
26 years$2,092$1,575$1,170$858$623$316
27 years$1,993$1,483$1,086$785$562$276
28 years$1,901$1,397$1,010$720$507$241
29 years$1,816$1,318$940$660$458$210
30 years$1,736$1,245$875$606$414$184
31 years$1,662$1,177$816$556$374$161
32 years$1,593$1,113$761$511$338$141
33 years$1,528$1,054$711$470$306$123
34 years$1,466$999$664$432$277$108
35 years$1,409$948$621$398$251$94
36 years$1,355$900$581$367$227$82
37 years$1,304$854$544$338$206$72
38 years$1,255$812$509$311$187$63
39 years$1,210$772$477$287$169$55
40 years$1,166$735$447$265$154$48
41 years$1,125$699$419$244$139$42
42 years$1,086$666$393$225$127$37
43 years$1,049$635$369$208$115$33
44 years$1,013$605$346$192$104$29
45 years$980$577$325$177$95$25
46 years$948$550$306$164$86$22
47 years$917$525$287$151$78$19
48 years$888$501$270$140$71$17
49 years$860$479$254$129$64$15
50 years$833$457$238$120$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $853,000, adding $4,967 every year, while hoping to spend $44,473 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: 24/48/28 Blend
50$853,000$853,000$853,000$853,000
51$945,129$899,920$886,699$959,395
52$994,214$896,698$869,084$968,666
53$1,046,814$891,826$849,389$974,511
54$1,103,242$885,179$827,497$979,841
55$1,163,840$876,620$803,285$984,643
56$1,228,983$866,005$776,626$988,906
57$1,299,083$853,183$747,387$992,626
58$1,374,593$837,993$715,428$995,799
59$1,456,009$820,262$680,603$998,430
60$1,543,878$799,811$642,759$1,000,527
61$1,638,799$776,447$601,737$1,002,106
62$1,741,431$749,968$557,370$1,003,192
63$1,852,500$720,159$509,484$1,003,817
64$1,972,801$686,793$457,898$1,004,026
65$2,103,210$649,629$402,421$1,003,874
66$2,244,690$608,414$342,855$1,003,431
67$2,398,300$562,878$278,992$1,002,781
68$2,565,205$512,737$210,617$1,002,027
69$2,746,686$457,691$137,502$1,001,291
70$2,944,153$397,423$59,413$1,000,718
71$3,159,156$331,596$0$1,000,478
72$3,393,403$259,857$0$1,007,917
73$3,648,771$181,831$0$1,035,527
74$3,927,328$97,123$0$1,065,884
75$4,231,348$5,316$0$1,099,380
76$4,563,337$0$0$1,136,455
77$4,926,052$0$0$1,227,270
78$5,322,526$0$0$1,329,749
79$5,756,103$0$0$1,441,966
80$6,230,461$0$0$1,564,891
81$6,749,651$0$0$1,699,594
82$7,318,134$0$0$1,847,252
83$7,940,824$0$0$2,009,161
84$8,623,129$0$0$2,186,750
85$9,371,008$0$0$2,381,591
86$10,191,023$0$0$2,595,418
87$11,090,401$0$0$2,830,138
88$12,077,102$0$0$3,087,855
89$13,159,895$0$0$3,370,883
90$14,348,436$0$0$3,681,775
91$15,653,365$0$0$4,023,340
92$17,086,400$0$0$4,398,674
93$18,660,452$0$0$4,811,189
94$20,389,740$0$0$5,264,641
95$22,289,933$0$0$5,763,171
96$24,378,289$0$0$6,311,339
97$26,673,823$0$0$6,914,170
98$29,197,483$0$0$7,577,202
99$31,972,349$0$0$8,306,532
100$35,023,848$0$0$9,108,883