Can I retire at age 51 with 858,000?

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 $858,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$70,853$70,222$69,606$69,005$68,418$66,361
2 years$35,076$34,422$33,789$33,175$32,580$30,525
3 years$23,151$22,495$21,864$21,256$20,670$18,681
4 years$17,191$16,537$15,911$15,314$14,742$12,835
5 years$13,615$12,965$12,348$11,762$11,207$9,386
6 years$11,232$10,587$9,979$9,406$8,867$7,135
7 years$9,531$8,891$8,293$7,734$7,212$5,568
8 years$8,255$7,621$7,033$6,487$5,983$4,426
9 years$7,264$6,635$6,057$5,526$5,038$3,568
10 years$6,471$5,849$5,281$4,763$4,293$2,906
11 years$5,823$5,207$4,649$4,146$3,692$2,386
12 years$5,283$4,673$4,126$3,636$3,199$1,972
13 years$4,826$4,223$3,686$3,210$2,790$1,638
14 years$4,436$3,839$3,312$2,850$2,446$1,367
15 years$4,097$3,507$2,990$2,541$2,153$1,144
16 years$3,801$3,218$2,711$2,276$1,903$960
17 years$3,541$2,963$2,467$2,045$1,687$808
18 years$3,309$2,738$2,252$1,843$1,500$681
19 years$3,102$2,538$2,062$1,665$1,337$575
20 years$2,916$2,358$1,892$1,508$1,195$486
21 years$2,748$2,197$1,740$1,369$1,069$412
22 years$2,595$2,050$1,604$1,244$958$349
23 years$2,456$1,918$1,481$1,133$860$296
24 years$2,329$1,797$1,370$1,034$773$251
25 years$2,212$1,686$1,269$944$696$213
26 years$2,104$1,585$1,177$863$627$181
27 years$2,005$1,491$1,093$790$565$154
28 years$1,912$1,405$1,016$724$510$131
29 years$1,826$1,326$945$664$460$111
30 years$1,747$1,252$880$609$416$95
31 years$1,672$1,184$821$559$376$80
32 years$1,602$1,120$766$514$340$68
33 years$1,537$1,061$715$473$308$58
34 years$1,475$1,005$668$435$279$50
35 years$1,417$953$625$400$252$42
36 years$1,363$905$584$369$229$36
37 years$1,311$859$547$340$207$31
38 years$1,263$817$512$313$188$26
39 years$1,217$777$480$289$170$22
40 years$1,173$739$450$266$155$19
41 years$1,132$703$422$246$140$16
42 years$1,092$670$396$227$127$14
43 years$1,055$638$371$209$115$12
44 years$1,019$608$348$193$105$10
45 years$986$580$327$179$95$8
46 years$953$553$307$165$86$7
47 years$922$528$289$152$78$6
48 years$893$504$271$141$71$5
49 years$865$482$255$130$65$4
50 years$838$460$240$120$59$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $858,000, adding $4,943 every year, while hoping to spend $26,819 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: 36/34/30 Blend
50$858,000$858,000$858,000$858,000
51$950,615$905,141$891,842$976,147
52$1,019,042$920,957$893,183$1,011,485
53$1,093,550$936,650$893,671$1,046,849
54$1,174,731$952,185$893,247$1,084,523
55$1,263,236$967,524$891,854$1,124,734
56$1,359,782$982,629$889,427$1,167,733
57$1,465,158$997,456$885,901$1,213,797
58$1,580,233$1,011,960$881,207$1,263,234
59$1,705,963$1,026,092$875,273$1,316,383
60$1,843,400$1,039,800$868,024$1,373,619
61$1,993,704$1,053,027$859,380$1,435,359
62$2,158,151$1,065,714$849,258$1,502,060
63$2,338,146$1,077,797$837,572$1,574,231
64$2,535,236$1,089,208$824,229$1,652,434
65$2,751,124$1,099,874$809,136$1,737,289
66$2,987,689$1,109,718$792,191$1,829,481
67$3,246,995$1,118,656$773,292$1,929,769
68$3,531,319$1,126,601$752,328$2,038,990
69$3,843,168$1,133,459$729,185$2,158,071
70$4,185,302$1,139,129$703,744$2,288,034
71$4,560,764$1,143,507$675,880$2,430,009
72$4,972,902$1,146,479$645,462$2,585,244
73$5,425,406$1,147,926$612,354$2,755,118
74$5,922,343$1,147,719$576,413$2,941,155
75$6,468,188$1,145,723$537,489$3,145,035
76$7,067,875$1,141,796$495,427$3,368,618
77$7,726,838$1,135,784$450,064$3,613,952
78$8,451,064$1,127,525$401,229$3,883,304
79$9,247,148$1,116,849$348,745$4,179,174
80$10,122,355$1,103,573$292,426$4,504,321
81$11,084,691$1,087,504$232,079$4,861,793
82$12,142,977$1,068,439$167,500$5,254,954
83$13,306,928$1,046,160$98,479$5,687,515
84$14,587,251$1,020,439$24,795$6,163,575
85$15,995,743$991,032$0$6,687,654
86$17,545,399$957,683$0$7,281,977
87$19,250,540$920,119$0$7,944,407
88$21,126,944$878,054$0$8,673,155
89$23,191,995$831,182$0$9,475,008
90$25,464,851$779,182$0$10,357,450
91$27,966,616$721,713$0$11,328,733
92$30,720,549$658,415$0$12,397,954
93$33,752,275$588,907$0$13,575,144
94$37,090,032$512,788$0$14,871,359
95$40,764,932$429,632$0$16,298,792
96$44,811,262$338,990$0$17,870,882
97$49,266,799$240,389$0$19,602,448
98$54,173,172$133,327$0$21,509,825
99$59,576,251$17,276$0$23,611,020
100$65,526,583$0$0$25,925,888