Can I retire at age 51 with 866,000?

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 $866,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$71,513$70,876$70,255$69,648$69,056$67,884
2 years$35,403$34,743$34,104$33,485$32,884$31,707
3 years$23,367$22,705$22,068$21,454$20,863$19,717
4 years$17,351$16,691$16,060$15,456$14,880$13,774
5 years$13,742$13,086$12,463$11,872$11,311$10,249
6 years$11,337$10,685$10,072$9,494$8,950$7,933
7 years$9,619$8,974$8,370$7,806$7,279$6,307
8 years$8,332$7,692$7,098$6,548$6,039$5,111
9 years$7,331$6,697$6,114$5,577$5,085$4,202
10 years$6,531$5,903$5,330$4,808$4,333$3,493
11 years$5,877$5,255$4,693$4,184$3,726$2,930
12 years$5,332$4,717$4,165$3,670$3,229$2,474
13 years$4,871$4,263$3,721$3,240$2,816$2,101
14 years$4,477$3,875$3,343$2,876$2,468$1,793
15 years$4,135$3,540$3,018$2,565$2,173$1,536
16 years$3,837$3,248$2,737$2,297$1,921$1,320
17 years$3,574$2,991$2,490$2,064$1,703$1,137
18 years$3,340$2,764$2,273$1,860$1,514$982
19 years$3,131$2,561$2,081$1,680$1,350$850
20 years$2,943$2,380$1,910$1,522$1,206$737
21 years$2,774$2,217$1,757$1,381$1,079$640
22 years$2,620$2,070$1,619$1,256$967$556
23 years$2,479$1,936$1,495$1,144$868$484
24 years$2,351$1,814$1,383$1,043$780$422
25 years$2,233$1,702$1,281$953$702$367
26 years$2,124$1,599$1,188$871$632$321
27 years$2,023$1,505$1,103$797$570$280
28 years$1,930$1,418$1,025$731$515$244
29 years$1,843$1,338$954$670$465$213
30 years$1,763$1,264$889$615$420$187
31 years$1,687$1,195$828$565$380$163
32 years$1,617$1,130$773$519$343$143
33 years$1,551$1,070$722$477$311$125
34 years$1,489$1,015$674$439$281$109
35 years$1,430$962$630$404$255$96
36 years$1,375$913$590$372$231$84
37 years$1,323$867$552$343$209$73
38 years$1,274$824$517$316$190$64
39 years$1,228$784$484$291$172$56
40 years$1,184$746$454$269$156$49
41 years$1,142$710$426$248$142$43
42 years$1,103$676$399$229$128$38
43 years$1,065$644$375$211$117$33
44 years$1,029$614$352$195$106$29
45 years$995$586$330$180$96$25
46 years$962$559$310$166$87$22
47 years$931$533$291$154$79$19
48 years$901$509$274$142$72$17
49 years$873$486$257$131$65$15
50 years$846$464$242$121$59$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $866,000, adding $3,481 every year, while hoping to spend $34,651 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: 63/12/25 Blend
50$866,000$866,000$866,000$866,000
51$957,923$912,025$898,602$1,011,747
52$1,018,762$919,845$891,836$1,056,399
53$1,084,646$926,888$883,683$1,101,011
54$1,156,053$933,078$874,059$1,148,972
55$1,233,507$938,335$862,876$1,200,615
56$1,317,586$942,576$850,045$1,256,306
57$1,408,927$945,709$835,469$1,316,452
58$1,508,229$947,640$819,048$1,381,500
59$1,616,261$948,267$800,678$1,451,945
60$1,733,869$947,481$780,250$1,528,332
61$1,861,984$945,169$757,650$1,611,264
62$2,001,632$941,208$732,757$1,701,406
63$2,153,941$935,469$705,446$1,799,493
64$2,320,151$927,815$675,587$1,906,336
65$2,501,630$918,102$643,043$2,022,831
66$2,699,882$906,174$607,670$2,149,965
67$2,916,562$891,869$569,319$2,288,828
68$3,153,495$875,014$527,835$2,440,626
69$3,412,687$855,426$483,053$2,606,687
70$3,696,350$832,910$434,804$2,788,476
71$4,006,916$807,261$382,908$2,987,612
72$4,347,066$778,262$327,181$3,205,880
73$4,719,753$745,682$267,427$3,445,251
74$5,128,226$709,279$203,444$3,707,898
75$5,576,065$668,794$135,019$3,996,220
76$6,067,214$623,955$61,933$4,312,863
77$6,606,015$574,474$0$4,660,747
78$7,197,253$520,048$0$5,047,376
79$7,846,196$460,353$0$5,489,929
80$8,558,647$395,050$0$5,975,853
81$9,341,001$323,779$0$6,509,541
82$10,200,301$246,162$0$7,095,834
83$11,144,304$161,796$0$7,740,068
84$12,181,558$70,259$0$8,448,123
85$13,321,479$0$0$9,226,479
86$14,574,440$0$0$10,086,094
87$15,951,869$0$0$11,041,369
88$17,466,358$0$0$12,091,767
89$19,131,777$0$0$13,246,916
90$20,963,411$0$0$14,517,428
91$22,978,097$0$0$15,914,990
92$25,194,389$0$0$17,452,482
93$27,632,726$0$0$19,144,095
94$30,315,632$0$0$21,005,463
95$33,267,922$0$0$23,053,813
96$36,516,939$0$0$25,308,128
97$40,092,810$0$0$27,789,323
98$44,028,730$0$0$30,520,441
99$48,361,278$0$0$33,526,877
100$53,130,756$0$0$36,836,610