Can I retire at age 51 with 860,000?

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 $860,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$71,018$70,385$69,768$69,166$68,578$68,203
2 years$35,157$34,503$33,868$33,253$32,656$32,278
3 years$23,205$22,548$21,915$21,305$20,718$20,348
4 years$17,231$16,575$15,948$15,349$14,776$14,418
5 years$13,647$12,995$12,377$11,790$11,233$10,886
6 years$11,258$10,611$10,002$9,428$8,888$8,554
7 years$9,553$8,911$8,312$7,752$7,228$6,907
8 years$8,274$7,639$7,049$6,503$5,997$5,688
9 years$7,280$6,651$6,071$5,539$5,050$4,755
10 years$6,486$5,862$5,293$4,774$4,303$4,020
11 years$5,836$5,219$4,660$4,155$3,701$3,430
12 years$5,295$4,684$4,136$3,645$3,207$2,949
13 years$4,838$4,233$3,695$3,218$2,796$2,550
14 years$4,446$3,848$3,320$2,856$2,451$2,217
15 years$4,107$3,515$2,997$2,547$2,158$1,935
16 years$3,810$3,225$2,718$2,281$1,908$1,696
17 years$3,549$2,970$2,473$2,049$1,691$1,490
18 years$3,317$2,745$2,257$1,847$1,504$1,313
19 years$3,109$2,544$2,067$1,669$1,340$1,160
20 years$2,923$2,364$1,897$1,511$1,197$1,026
21 years$2,754$2,202$1,745$1,372$1,071$910
22 years$2,601$2,055$1,608$1,247$960$808
23 years$2,462$1,922$1,485$1,136$862$718
24 years$2,334$1,801$1,373$1,036$775$639
25 years$2,217$1,690$1,272$946$697$569
26 years$2,109$1,588$1,179$865$628$508
27 years$2,009$1,495$1,095$792$566$453
28 years$1,917$1,409$1,018$725$511$405
29 years$1,831$1,329$947$665$461$362
30 years$1,751$1,255$882$611$417$324
31 years$1,676$1,186$823$561$377$289
32 years$1,606$1,123$768$515$341$259
33 years$1,540$1,063$717$474$309$232
34 years$1,479$1,008$670$436$279$208
35 years$1,421$956$626$401$253$186
36 years$1,366$907$586$370$229$167
37 years$1,314$861$548$341$208$150
38 years$1,266$819$513$314$188$134
39 years$1,219$779$481$289$171$120
40 years$1,176$741$451$267$155$108
41 years$1,134$705$423$246$141$97
42 years$1,095$671$397$227$128$87
43 years$1,057$640$372$210$116$78
44 years$1,022$610$349$194$105$70
45 years$988$582$328$179$95$63
46 years$955$555$308$165$87$56
47 years$925$529$289$153$79$51
48 years$895$505$272$141$71$45
49 years$867$483$256$130$65$41
50 years$840$461$240$121$59$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $860,000, adding $5,379 every year, while hoping to spend $25,415 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: 37/42/21 Blend
50$860,000$860,000$860,000$860,000
51$953,268$907,688$894,358$982,340
52$1,023,460$925,124$897,278$1,021,405
53$1,099,960$942,562$899,444$1,060,805
54$1,183,384$959,975$900,803$1,102,845
55$1,274,411$977,336$901,302$1,147,777
56$1,373,788$994,613$900,883$1,195,879
57$1,482,338$1,011,771$899,485$1,247,458
58$1,600,964$1,028,776$897,046$1,302,854
59$1,730,664$1,045,588$893,499$1,362,443
60$1,872,536$1,062,166$888,775$1,426,637
61$2,027,787$1,078,464$882,801$1,495,894
62$2,197,747$1,094,435$875,500$1,570,719
63$2,383,881$1,110,026$866,794$1,651,670
64$2,587,804$1,125,184$856,598$1,739,360
65$2,811,290$1,139,848$844,825$1,834,471
66$3,056,297$1,153,956$831,382$1,937,752
67$3,324,980$1,167,441$816,174$2,050,031
68$3,619,712$1,180,230$799,100$2,172,223
69$3,943,108$1,192,246$780,055$2,305,336
70$4,298,047$1,203,409$758,929$2,450,486
71$4,687,702$1,213,629$735,606$2,608,902
72$5,115,565$1,222,815$709,967$2,781,942
73$5,585,487$1,230,867$681,885$2,971,104
74$6,101,707$1,237,679$651,229$3,178,043
75$6,668,896$1,243,141$617,860$3,404,582
76$7,292,200$1,247,131$581,635$3,652,738
77$7,977,288$1,249,524$542,403$3,924,733
78$8,730,406$1,250,185$500,008$4,223,020
79$9,558,433$1,248,970$454,284$4,550,305
80$10,468,952$1,245,728$405,061$4,909,577
81$11,470,313$1,240,297$352,159$5,304,131
82$12,571,719$1,232,506$295,391$5,737,602
83$13,783,309$1,222,174$234,561$6,214,002
84$15,116,254$1,209,107$169,466$6,737,758
85$16,582,861$1,193,102$99,891$7,313,751
86$18,196,691$1,173,943$25,616$7,947,367
87$19,972,687$1,151,399$0$8,644,548
88$21,927,312$1,125,229$0$9,423,869
89$24,078,707$1,095,175$0$10,287,443
90$26,446,862$1,060,965$0$11,237,555
91$29,053,800$1,022,310$0$12,283,057
92$31,923,790$978,906$0$13,433,711
93$35,083,575$930,431$0$14,700,278
94$38,562,619$876,542$0$16,094,620
95$42,393,393$816,878$0$17,629,818
96$46,611,673$751,059$0$19,320,290
97$51,256,883$678,681$0$21,181,934
98$56,372,466$599,317$0$23,232,274
99$62,006,290$512,517$0$25,490,629
100$68,211,106$417,804$0$27,978,297