Can I retire at age 51 with 868,000?

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 $868,000?

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$71,679$71,040$70,417$69,809$69,216$67,378
2 years$35,484$34,824$34,183$33,562$32,960$31,122
3 years$23,421$22,758$22,119$21,504$20,911$19,129
4 years$17,391$16,729$16,097$15,492$14,914$13,203
5 years$13,774$13,116$12,492$11,899$11,337$9,701
6 years$11,363$10,710$10,095$9,516$8,971$7,411
7 years$9,642$8,994$8,389$7,824$7,296$5,813
8 years$8,351$7,710$7,115$6,563$6,052$4,645
9 years$7,348$6,713$6,128$5,590$5,097$3,765
10 years$6,546$5,917$5,342$4,819$4,343$3,084
11 years$5,890$5,268$4,703$4,194$3,735$2,547
12 years$5,344$4,728$4,174$3,679$3,237$2,117
13 years$4,883$4,273$3,729$3,248$2,823$1,770
14 years$4,487$3,884$3,351$2,883$2,474$1,486
15 years$4,145$3,548$3,025$2,571$2,178$1,252
16 years$3,846$3,255$2,743$2,302$1,925$1,057
17 years$3,582$2,998$2,496$2,068$1,707$896
18 years$3,348$2,770$2,278$1,864$1,518$760
19 years$3,138$2,567$2,086$1,684$1,353$646
20 years$2,950$2,386$1,914$1,525$1,208$550
21 years$2,780$2,222$1,761$1,384$1,081$469
22 years$2,626$2,074$1,623$1,259$969$400
23 years$2,485$1,940$1,498$1,146$870$342
24 years$2,356$1,818$1,386$1,046$782$292
25 years$2,238$1,706$1,283$955$704$250
26 years$2,129$1,603$1,190$873$634$214
27 years$2,028$1,509$1,105$799$572$183
28 years$1,935$1,422$1,028$732$516$157
29 years$1,848$1,341$956$671$466$134
30 years$1,767$1,267$891$616$421$115
31 years$1,691$1,197$830$566$380$99
32 years$1,621$1,133$775$520$344$85
33 years$1,554$1,073$723$478$311$72
34 years$1,492$1,017$676$440$282$62
35 years$1,434$965$632$405$255$53
36 years$1,379$915$591$373$231$46
37 years$1,327$870$553$344$210$39
38 years$1,277$826$518$317$190$34
39 years$1,231$786$485$292$172$29
40 years$1,187$748$455$269$156$25
41 years$1,145$712$427$249$142$21
42 years$1,105$678$400$229$129$18
43 years$1,067$646$376$212$117$16
44 years$1,031$616$353$196$106$13
45 years$997$587$331$181$96$12
46 years$964$560$311$167$87$10
47 years$933$534$292$154$79$8
48 years$903$510$274$142$72$7
49 years$875$487$258$132$65$6
50 years$847$465$243$122$59$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $868,000, adding $6,988 every year, while hoping to spend $23,194 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: 70/17/13 Blend
50$868,000$868,000$868,000$868,000
51$963,744$917,740$904,286$1,027,982
52$1,037,368$938,031$909,901$1,091,829
53$1,117,724$958,539$914,928$1,158,214
54$1,205,474$979,250$919,320$1,230,255
55$1,301,348$1,000,149$923,033$1,308,508
56$1,406,148$1,021,218$926,017$1,393,580
57$1,520,757$1,042,440$928,221$1,486,144
58$1,646,149$1,063,794$929,590$1,586,940
59$1,783,394$1,085,258$930,070$1,696,782
60$1,933,672$1,106,808$929,599$1,816,568
61$2,098,283$1,128,418$928,117$1,947,287
62$2,278,656$1,150,059$925,557$2,090,028
63$2,476,367$1,171,700$921,852$2,245,993
64$2,693,152$1,193,308$916,929$2,416,504
65$2,930,920$1,214,847$910,713$2,603,020
66$3,191,778$1,236,278$903,125$2,807,146
67$3,478,043$1,257,560$894,084$3,030,652
68$3,792,269$1,278,646$883,501$3,275,488
69$4,137,269$1,299,488$871,287$3,543,805
70$4,516,143$1,320,035$857,348$3,837,970
71$4,932,302$1,340,230$841,582$4,160,593
72$5,389,509$1,360,014$823,887$4,514,551
73$5,891,906$1,379,321$804,154$4,903,013
74$6,444,056$1,398,083$782,269$5,329,472
75$7,050,987$1,416,227$758,112$5,797,778
76$7,718,239$1,433,673$731,560$6,312,173
77$8,451,914$1,450,338$702,482$6,877,333
78$9,258,736$1,466,131$670,742$7,498,409
79$10,146,113$1,480,958$636,198$8,181,081
80$11,122,206$1,494,714$598,700$8,931,606
81$12,196,009$1,507,293$558,094$9,756,880
82$13,377,428$1,518,576$514,216$10,664,505
83$14,677,381$1,528,442$466,898$11,662,856
84$16,107,896$1,536,758$415,961$12,761,166
85$17,682,226$1,543,384$361,221$13,969,607
86$19,414,975$1,548,171$302,484$15,299,394
87$21,322,233$1,550,962$239,547$16,762,882
88$23,421,729$1,551,588$172,201$18,373,690
89$25,733,000$1,549,870$100,224$20,146,827
90$28,277,572$1,545,619$23,387$22,098,834
91$31,079,163$1,538,634$0$24,247,940
92$34,163,911$1,528,700$0$26,622,365
93$37,560,616$1,515,592$0$29,240,110
94$41,301,012$1,499,070$0$32,122,366
95$45,420,069$1,478,878$0$35,296,062
96$49,956,320$1,454,747$0$38,790,874
97$54,952,226$1,426,390$0$42,639,506
98$60,454,575$1,393,506$0$46,877,996
99$66,514,927$1,355,772$0$51,546,060
100$73,190,094$1,312,850$0$56,687,462