Can I retire at age 51 with 864,000?

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 $864,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$71,348$70,713$70,093$69,488$68,897$66,611
2 years$35,321$34,663$34,026$33,407$32,808$30,528
3 years$23,313$22,653$22,017$21,404$20,815$18,611
4 years$17,311$16,652$16,023$15,421$14,845$12,735
5 years$13,710$13,055$12,434$11,845$11,285$9,274
6 years$11,311$10,661$10,049$9,472$8,930$7,019
7 years$9,597$8,953$8,350$7,788$7,262$5,452
8 years$8,313$7,674$7,082$6,533$6,025$4,314
9 years$7,314$6,682$6,100$5,565$5,074$3,460
10 years$6,516$5,890$5,318$4,797$4,323$2,804
11 years$5,863$5,243$4,682$4,175$3,718$2,291
12 years$5,320$4,706$4,155$3,662$3,222$1,883
13 years$4,860$4,253$3,712$3,233$2,810$1,556
14 years$4,467$3,866$3,335$2,870$2,463$1,291
15 years$4,126$3,531$3,011$2,559$2,168$1,075
16 years$3,828$3,240$2,730$2,291$1,916$897
17 years$3,565$2,984$2,484$2,059$1,699$750
18 years$3,332$2,757$2,268$1,855$1,511$629
19 years$3,124$2,555$2,076$1,677$1,347$528
20 years$2,936$2,375$1,905$1,518$1,203$443
21 years$2,767$2,212$1,753$1,378$1,076$373
22 years$2,614$2,065$1,615$1,253$965$314
23 years$2,474$1,931$1,491$1,141$866$265
24 years$2,345$1,809$1,379$1,041$779$223
25 years$2,228$1,698$1,278$951$701$188
26 years$2,119$1,596$1,185$869$631$159
27 years$2,019$1,502$1,100$795$569$134
28 years$1,926$1,415$1,023$729$513$113
29 years$1,839$1,335$952$668$464$96
30 years$1,759$1,261$887$613$419$81
31 years$1,684$1,192$827$563$379$68
32 years$1,613$1,128$771$518$343$58
33 years$1,547$1,068$720$476$310$49
34 years$1,485$1,012$673$438$281$41
35 years$1,427$960$629$403$254$35
36 years$1,372$911$588$371$230$30
37 years$1,320$865$551$342$209$25
38 years$1,271$823$516$315$189$21
39 years$1,225$782$483$291$172$18
40 years$1,181$744$453$268$156$15
41 years$1,140$708$425$247$141$13
42 years$1,100$675$398$228$128$11
43 years$1,062$643$374$211$116$9
44 years$1,027$613$351$195$106$8
45 years$992$584$329$180$96$7
46 years$960$557$309$166$87$6
47 years$929$532$291$153$79$5
48 years$899$508$273$142$72$4
49 years$871$485$257$131$65$3
50 years$844$463$241$121$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $864,000, adding $5,084 every year, while hoping to spend $55,604 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: 56/31/13 Blend
50$864,000$864,000$864,000$864,000
51$957,372$911,580$898,188$1,007,524
52$995,862$897,085$869,115$1,027,595
53$1,036,414$880,017$837,205$1,042,926
54$1,079,180$860,189$802,303$1,058,328
55$1,124,325$837,408$764,249$1,073,819
56$1,172,030$811,464$722,875$1,089,420
57$1,222,491$782,140$678,005$1,105,158
58$1,275,923$749,202$629,456$1,121,065
59$1,332,560$712,406$577,036$1,137,180
60$1,392,659$671,492$520,544$1,153,551
61$1,456,499$626,184$459,771$1,170,232
62$1,524,387$576,192$394,499$1,187,290
63$1,596,659$521,210$324,499$1,204,800
64$1,673,681$460,912$249,532$1,222,853
65$1,755,855$394,956$169,351$1,241,550
66$1,843,622$322,978$83,694$1,261,012
67$1,937,465$244,597$0$1,281,376
68$2,037,912$159,408$0$1,303,868
69$2,145,544$66,984$0$1,340,058
70$2,260,996$0$0$1,378,569
71$2,384,968$0$0$1,430,977
72$2,518,225$0$0$1,511,927
73$2,661,610$0$0$1,599,086
74$2,816,045$0$0$1,693,022
75$2,982,546$0$0$1,794,361
76$3,162,226$0$0$1,903,789
77$3,356,311$0$0$2,022,061
78$3,566,146$0$0$2,150,005
79$3,793,210$0$0$2,288,533
80$4,039,129$0$0$2,438,646
81$4,305,691$0$0$2,601,446
82$4,594,861$0$0$2,778,145
83$4,908,801$0$0$2,970,074
84$5,249,889$0$0$3,178,700
85$5,620,740$0$0$3,405,635
86$6,024,232$0$0$3,652,652
87$6,463,530$0$0$3,921,703
88$6,942,119$0$0$4,214,937
89$7,463,832$0$0$4,534,718
90$8,032,889$0$0$4,883,646
91$8,653,934$0$0$5,264,587
92$9,332,078$0$0$5,680,691
93$10,072,950$0$0$6,135,431
94$10,882,744$0$0$6,632,626
95$11,768,281$0$0$7,176,484
96$12,737,072$0$0$7,771,636
97$13,797,384$0$0$8,423,183
98$14,958,324$0$0$9,136,741
99$16,229,918$0$0$9,918,496
100$17,623,209$0$0$10,775,258