Can I retire at age 51 with 857,000?

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 $857,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$70,770$70,140$69,525$68,925$68,338$65,783
2 years$35,035$34,382$33,750$33,137$32,542$29,997
3 years$23,125$22,469$21,838$21,231$20,646$18,191
4 years$17,171$16,517$15,893$15,296$14,725$12,379
5 years$13,599$12,950$12,333$11,749$11,194$8,962
6 years$11,219$10,574$9,967$9,395$8,857$6,743
7 years$9,519$8,880$8,283$7,725$7,203$5,205
8 years$8,245$7,612$7,025$6,480$5,976$4,091
9 years$7,255$6,628$6,050$5,519$5,032$3,259
10 years$6,463$5,842$5,275$4,758$4,288$2,623
11 years$5,816$5,201$4,644$4,141$3,688$2,128
12 years$5,277$4,668$4,121$3,632$3,196$1,736
13 years$4,821$4,218$3,682$3,206$2,787$1,424
14 years$4,430$3,834$3,308$2,846$2,443$1,172
15 years$4,092$3,503$2,987$2,538$2,151$968
16 years$3,797$3,214$2,708$2,273$1,901$802
17 years$3,536$2,960$2,464$2,042$1,686$665
18 years$3,305$2,735$2,250$1,840$1,499$553
19 years$3,098$2,535$2,059$1,663$1,336$460
20 years$2,913$2,355$1,890$1,506$1,193$384
21 years$2,745$2,194$1,738$1,367$1,068$320
22 years$2,592$2,048$1,602$1,243$957$267
23 years$2,453$1,915$1,479$1,132$859$223
24 years$2,326$1,795$1,368$1,032$772$186
25 years$2,209$1,684$1,267$943$695$156
26 years$2,102$1,583$1,175$862$626$130
27 years$2,002$1,490$1,091$789$564$109
28 years$1,910$1,404$1,015$723$509$91
29 years$1,824$1,324$944$663$460$77
30 years$1,744$1,251$879$608$415$64
31 years$1,670$1,182$820$559$376$54
32 years$1,600$1,119$765$514$340$45
33 years$1,535$1,059$714$472$307$38
34 years$1,473$1,004$667$435$278$32
35 years$1,416$952$624$400$252$26
36 years$1,361$904$584$368$228$22
37 years$1,310$858$546$339$207$19
38 years$1,261$816$512$313$188$16
39 years$1,215$776$479$288$170$13
40 years$1,172$738$449$266$154$11
41 years$1,130$703$421$245$140$9
42 years$1,091$669$395$227$127$8
43 years$1,054$638$371$209$115$6
44 years$1,018$608$348$193$105$5
45 years$984$580$327$178$95$5
46 years$952$553$307$165$86$4
47 years$921$528$288$152$78$3
48 years$892$504$271$141$71$3
49 years$864$481$255$130$65$2
50 years$837$459$239$120$59$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $857,000, adding $6,426 every year, while hoping to spend $51,733 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: 54/38/8 Blend
50$857,000$857,000$857,000$857,000
51$951,042$905,621$892,338$1,000,217
52$993,005$894,953$867,188$1,023,567
53$1,037,514$882,029$839,461$1,042,742
54$1,084,775$866,682$809,017$1,062,368
55$1,135,011$848,739$775,709$1,082,497
56$1,188,469$828,014$739,381$1,103,188
57$1,245,416$804,310$699,874$1,124,511
58$1,306,147$777,420$657,019$1,146,544
59$1,370,985$747,124$610,639$1,169,375
60$1,440,281$713,189$560,551$1,193,108
61$1,514,424$675,369$506,564$1,217,859
62$1,593,837$633,404$448,475$1,243,761
63$1,678,985$587,018$386,077$1,270,962
64$1,770,381$535,920$319,149$1,299,634
65$1,868,582$479,803$247,463$1,329,967
66$1,974,206$418,342$170,781$1,362,180
67$2,087,926$351,192$88,854$1,396,516
68$2,210,485$277,991$1,421$1,433,251
69$2,342,698$198,355$0$1,472,695
70$2,485,458$111,879$0$1,523,038
71$2,639,749$18,136$0$1,577,466
72$2,806,653$0$0$1,636,323
73$2,987,357$0$0$1,734,967
74$3,183,167$0$0$1,850,143
75$3,395,519$0$0$1,975,121
76$3,625,993$0$0$2,110,838
77$3,876,326$0$0$2,258,328
78$4,148,427$0$0$2,418,726
79$4,444,399$0$0$2,593,280
80$4,766,555$0$0$2,783,367
81$5,117,438$0$0$2,990,498
82$5,499,850$0$0$3,216,337
83$5,916,871$0$0$3,462,718
84$6,371,894$0$0$3,731,657
85$6,868,651$0$0$4,025,373
86$7,411,252$0$0$4,346,310
87$8,004,222$0$0$4,697,159
88$8,652,541$0$0$5,080,882
89$9,361,692$0$0$5,500,740
90$10,137,715$0$0$5,960,324
91$10,987,258$0$0$6,463,588
92$11,917,642$0$0$7,014,888
93$12,936,931$0$0$7,619,018
94$14,054,003$0$0$8,281,262
95$15,278,638$0$0$9,007,435
96$16,621,606$0$0$9,803,944
97$18,094,770$0$0$10,677,846
98$19,711,196$0$0$11,636,915
99$21,485,277$0$0$12,689,711
100$23,432,865$0$0$13,845,666