Can I retire at age 51 with 862,000?

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 $862,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$71,183$70,549$69,930$69,327$68,737$66,913
2 years$35,239$34,583$33,947$33,330$32,732$30,906
3 years$23,259$22,600$21,966$21,355$20,766$18,997
4 years$17,271$16,614$15,986$15,385$14,811$13,111
5 years$13,678$13,025$12,405$11,817$11,259$9,634
6 years$11,284$10,636$10,025$9,450$8,909$7,360
7 years$9,575$8,932$8,331$7,770$7,245$5,773
8 years$8,294$7,657$7,065$6,518$6,011$4,613
9 years$7,297$6,666$6,086$5,552$5,062$3,739
10 years$6,501$5,876$5,305$4,786$4,313$3,062
11 years$5,850$5,231$4,671$4,165$3,709$2,529
12 years$5,307$4,695$4,145$3,653$3,214$2,103
13 years$4,849$4,243$3,704$3,225$2,803$1,758
14 years$4,456$3,857$3,328$2,863$2,457$1,475
15 years$4,116$3,523$3,004$2,553$2,163$1,243
16 years$3,819$3,233$2,724$2,286$1,912$1,050
17 years$3,557$2,977$2,479$2,054$1,695$889
18 years$3,324$2,751$2,263$1,851$1,507$755
19 years$3,117$2,550$2,071$1,673$1,344$642
20 years$2,930$2,369$1,901$1,515$1,200$546
21 years$2,761$2,207$1,749$1,375$1,074$466
22 years$2,608$2,060$1,612$1,250$963$397
23 years$2,468$1,927$1,488$1,138$864$339
24 years$2,340$1,805$1,376$1,038$777$290
25 years$2,222$1,694$1,275$948$699$248
26 years$2,114$1,592$1,182$867$630$212
27 years$2,014$1,498$1,098$794$568$182
28 years$1,921$1,412$1,020$727$512$156
29 years$1,835$1,332$950$667$462$133
30 years$1,755$1,258$885$612$418$114
31 years$1,680$1,189$825$562$378$98
32 years$1,609$1,125$769$517$342$84
33 years$1,544$1,066$718$475$309$72
34 years$1,482$1,010$671$437$280$62
35 years$1,424$958$628$402$254$53
36 years$1,369$909$587$371$230$45
37 years$1,317$863$549$341$208$39
38 years$1,269$821$515$315$189$33
39 years$1,222$780$482$290$171$29
40 years$1,178$742$452$268$155$25
41 years$1,137$707$424$247$141$21
42 years$1,097$673$397$228$128$18
43 years$1,060$641$373$210$116$16
44 years$1,024$611$350$194$105$13
45 years$990$583$329$179$96$11
46 years$958$556$309$166$87$10
47 years$927$531$290$153$79$8
48 years$897$507$273$141$72$7
49 years$869$484$256$131$65$6
50 years$842$462$241$121$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $862,000, adding $3,579 every year, while hoping to spend $44,907 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: 44/34/22 Blend
50$862,000$862,000$862,000$862,000
51$953,616$907,930$894,569$989,355
52$1,003,104$904,638$876,756$1,011,674
53$1,056,135$899,679$856,842$1,031,194
54$1,113,022$892,925$834,708$1,051,444
55$1,174,111$884,239$810,231$1,072,511
56$1,239,778$873,475$783,282$1,094,499
57$1,310,440$860,480$753,726$1,117,525
58$1,386,552$845,090$721,423$1,141,717
59$1,468,615$827,134$686,225$1,167,225
60$1,557,177$806,427$647,977$1,194,215
61$1,652,845$782,777$606,520$1,222,874
62$1,756,280$755,979$561,684$1,253,412
63$1,868,214$725,815$513,293$1,286,067
64$1,989,448$692,056$461,164$1,321,104
65$2,120,864$654,459$405,106$1,358,820
66$2,263,432$612,767$344,917$1,399,549
67$2,418,218$566,709$280,388$1,443,663
68$2,586,396$515,998$211,301$1,491,579
69$2,769,256$460,329$137,427$1,543,763
70$2,968,218$399,383$58,528$1,600,735
71$3,184,844$332,820$0$1,663,075
72$3,420,852$260,283$0$1,737,457
73$3,678,134$181,392$0$1,833,627
74$3,958,773$95,749$0$1,938,700
75$4,265,058$2,932$0$2,053,636
76$4,599,514$0$0$2,179,498
77$4,964,915$0$0$2,353,945
78$5,364,320$0$0$2,545,925
79$5,801,092$0$0$2,755,971
80$6,278,939$0$0$2,985,878
81$6,801,938$0$0$3,237,622
82$7,374,585$0$0$3,513,381
83$8,001,824$0$0$3,815,551
84$8,689,106$0$0$4,146,772
85$9,442,430$0$0$4,509,952
86$10,268,404$0$0$4,908,293
87$11,174,308$0$0$5,345,322
88$12,168,157$0$0$5,824,924
89$13,258,782$0$0$6,351,379
90$14,455,909$0$0$6,929,399
91$15,770,253$0$0$7,564,179
92$17,213,614$0$0$8,261,437
93$18,798,994$0$0$9,027,475
94$20,540,715$0$0$9,869,236
95$22,454,555$0$0$10,794,367
96$24,557,895$0$0$11,811,292
97$26,869,884$0$0$12,929,295
98$29,411,620$0$0$14,158,601
99$32,206,344$0$0$15,510,478
100$35,279,664$0$0$16,997,339