Can I retire at age 51 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$66,972$66,375$65,793$65,225$64,670$63,625
2 years$33,154$32,537$31,938$31,358$30,795$29,745
3 years$21,883$21,263$20,666$20,091$19,538$18,515
4 years$16,249$15,631$15,040$14,475$13,935$12,948
5 years$12,869$12,255$11,671$11,118$10,593$9,645
6 years$10,617$10,007$9,432$8,891$8,382$7,473
7 years$9,008$8,404$7,838$7,310$6,817$5,948
8 years$7,803$7,204$6,647$6,132$5,655$4,826
9 years$6,866$6,272$5,725$5,223$4,762$3,972
10 years$6,116$5,528$4,992$4,502$4,058$3,306
11 years$5,504$4,922$4,395$3,918$3,490$2,776
12 years$4,993$4,417$3,900$3,437$3,024$2,347
13 years$4,562$3,992$3,484$3,034$2,637$1,996
14 years$4,193$3,629$3,131$2,694$2,312$1,706
15 years$3,873$3,315$2,827$2,402$2,035$1,463
16 years$3,593$3,041$2,563$2,151$1,799$1,259
17 years$3,347$2,801$2,332$1,933$1,595$1,087
18 years$3,128$2,588$2,129$1,742$1,418$940
19 years$2,932$2,399$1,949$1,574$1,264$815
20 years$2,756$2,229$1,789$1,425$1,129$707
21 years$2,597$2,076$1,645$1,294$1,010$615
22 years$2,453$1,938$1,516$1,176$906$535
23 years$2,322$1,813$1,400$1,071$813$467
24 years$2,201$1,698$1,295$977$731$407
25 years$2,091$1,594$1,199$892$658$355
26 years$1,989$1,498$1,112$816$592$310
27 years$1,895$1,410$1,033$747$534$271
28 years$1,808$1,328$960$684$482$237
29 years$1,726$1,253$893$627$435$208
30 years$1,651$1,183$832$576$393$182
31 years$1,580$1,119$776$529$355$159
32 years$1,514$1,059$724$486$322$140
33 years$1,452$1,003$676$447$291$122
34 years$1,394$950$632$411$263$107
35 years$1,340$901$590$379$239$94
36 years$1,288$855$552$349$216$82
37 years$1,239$812$517$321$196$72
38 years$1,193$772$484$296$178$63
39 years$1,150$734$454$273$161$56
40 years$1,109$698$425$252$146$49
41 years$1,070$665$399$232$133$43
42 years$1,033$633$374$214$120$38
43 years$997$603$351$198$109$33
44 years$964$575$329$183$99$29
45 years$932$548$309$169$90$25
46 years$901$523$290$156$82$22
47 years$872$499$273$144$74$20
48 years$844$477$256$133$67$17
49 years$817$455$241$123$61$15
50 years$792$435$227$114$56$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $811,000, adding $2,320 every year, while hoping to spend $48,137 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: 27/47/26 Blend
50$811,000$811,000$811,000$811,000
51$896,115$853,132$840,562$912,975
52$936,301$843,718$817,503$917,273
53$978,973$832,230$792,059$917,564
54$1,024,334$818,514$764,098$916,883
55$1,072,604$802,410$733,483$915,181
56$1,124,028$783,746$700,073$912,407
57$1,178,870$762,340$663,717$908,511
58$1,237,422$738,003$624,259$903,442
59$1,300,003$710,529$581,536$897,152
60$1,366,963$679,704$535,377$889,593
61$1,438,686$645,302$485,604$880,720
62$1,515,591$607,081$432,030$870,489
63$1,598,140$564,787$374,463$858,860
64$1,686,840$518,151$312,697$845,796
65$1,782,247$466,890$246,521$831,267
66$1,884,970$410,702$175,714$815,246
67$1,995,681$349,270$100,045$797,713
68$2,115,116$282,259$19,271$778,659
69$2,244,083$209,315$0$758,081
70$2,383,471$130,063$0$754,557
71$2,534,257$44,108$0$756,453
72$2,697,515$0$0$758,531
73$2,874,425$0$0$786,250
74$3,066,286$0$0$841,162
75$3,274,525$0$0$900,879
76$3,500,711$0$0$965,866
77$3,746,573$0$0$1,036,634
78$4,014,009$0$0$1,113,746
79$4,305,110$0$0$1,197,822
80$4,622,176$0$0$1,289,543
81$4,967,738$0$0$1,389,661
82$5,344,582$0$0$1,499,001
83$5,755,773$0$0$1,618,474
84$6,204,685$0$0$1,749,079
85$6,695,035$0$0$1,891,920
86$7,230,910$0$0$2,048,210
87$7,816,813$0$0$2,219,287
88$8,457,702$0$0$2,406,621
89$9,159,034$0$0$2,611,834
90$9,926,819$0$0$2,836,711
91$10,767,675$0$0$3,083,216
92$11,688,891$0$0$3,353,516
93$12,698,493$0$0$3,649,995
94$13,805,320$0$0$3,975,278
95$15,019,108$0$0$4,332,259
96$16,350,581$0$0$4,724,125
97$17,811,548$0$0$5,154,385
98$19,415,020$0$0$5,626,907
99$21,175,328$0$0$6,145,949
100$23,108,256$0$0$6,716,203