Can I retire at age 51 with 812,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$67,054$66,457$65,874$65,305$64,750$62,753
2 years$33,195$32,577$31,978$31,397$30,833$28,839
3 years$21,910$21,289$20,692$20,116$19,562$17,632
4 years$16,269$15,650$15,058$14,493$13,952$12,102
5 years$12,885$12,270$11,686$11,132$10,606$8,841
6 years$10,630$10,019$9,444$8,902$8,392$6,714
7 years$9,020$8,414$7,848$7,319$6,825$5,233
8 years$7,812$7,212$6,656$6,140$5,662$4,155
9 years$6,874$6,280$5,733$5,230$4,768$3,345
10 years$6,124$5,535$4,998$4,508$4,063$2,721
11 years$5,510$4,928$4,400$3,923$3,494$2,231
12 years$5,000$4,423$3,905$3,441$3,028$1,842
13 years$4,568$3,997$3,489$3,038$2,640$1,528
14 years$4,198$3,633$3,135$2,697$2,315$1,273
15 years$3,877$3,319$2,830$2,405$2,038$1,064
16 years$3,597$3,045$2,566$2,154$1,801$892
17 years$3,351$2,804$2,335$1,935$1,597$749
18 years$3,132$2,591$2,131$1,744$1,420$631
19 years$2,936$2,402$1,951$1,576$1,266$532
20 years$2,760$2,232$1,791$1,427$1,131$449
21 years$2,601$2,079$1,647$1,295$1,012$380
22 years$2,456$1,940$1,518$1,178$907$321
23 years$2,325$1,815$1,402$1,072$814$272
24 years$2,204$1,700$1,296$978$732$230
25 years$2,093$1,596$1,201$893$658$195
26 years$1,991$1,500$1,114$817$593$166
27 years$1,897$1,411$1,034$748$535$140
28 years$1,810$1,330$961$685$482$119
29 years$1,729$1,255$895$628$436$101
30 years$1,653$1,185$833$576$394$86
31 years$1,582$1,120$777$529$356$73
32 years$1,516$1,060$725$487$322$62
33 years$1,454$1,004$677$447$291$53
34 years$1,396$951$632$412$264$45
35 years$1,341$902$591$379$239$38
36 years$1,290$856$553$349$216$32
37 years$1,241$813$518$322$196$27
38 years$1,195$773$485$296$178$23
39 years$1,151$735$454$273$161$20
40 years$1,110$699$426$252$146$17
41 years$1,071$666$399$233$133$14
42 years$1,034$634$374$215$120$12
43 years$998$604$351$198$109$10
44 years$965$576$330$183$99$9
45 years$933$549$310$169$90$8
46 years$902$524$291$156$82$6
47 years$873$500$273$144$74$5
48 years$845$477$257$133$67$5
49 years$818$456$241$123$61$4
50 years$793$435$227$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $812,000, adding $4,446 every year, while hoping to spend $33,673 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: 65/5/30 Blend
50$812,000$812,000$812,000$812,000
51$899,410$856,374$843,788$950,419
52$955,322$862,509$836,227$991,631
53$1,015,809$867,815$827,284$1,032,552
54$1,081,300$872,218$816,878$1,076,560
55$1,152,272$875,635$804,922$1,123,964
56$1,229,244$877,981$791,327$1,175,104
57$1,312,789$879,165$775,999$1,230,358
58$1,403,538$879,088$758,839$1,290,141
59$1,502,184$877,649$739,746$1,354,913
60$1,609,490$874,736$718,610$1,425,181
61$1,726,294$870,235$695,320$1,501,504
62$1,853,521$864,021$669,758$1,584,503
63$1,992,185$855,964$641,800$1,674,859
64$2,143,407$845,924$611,319$1,773,326
65$2,308,415$833,755$578,179$1,880,738
66$2,488,565$819,301$542,240$1,998,011
67$2,685,348$802,396$503,354$2,126,161
68$2,900,406$782,866$461,369$2,266,307
69$3,135,547$760,526$416,124$2,419,684
70$3,392,759$735,178$367,451$2,587,655
71$3,674,235$706,616$315,175$2,771,726
72$3,982,387$674,620$259,113$2,973,555
73$4,319,872$638,958$199,075$3,194,976
74$4,689,615$599,384$134,860$3,438,008
75$5,094,840$555,638$66,262$3,704,883
76$5,539,094$507,445$0$3,998,061
77$6,026,287$454,515$0$4,322,479
78$6,560,723$396,541$0$4,701,688
79$7,147,144$333,198$0$5,117,834
80$7,790,772$264,144$0$5,574,640
81$8,497,361$189,017$0$6,076,207
82$9,273,247$107,435$0$6,627,054
83$10,125,413$18,993$0$7,232,160
84$11,061,547$0$0$7,897,009
85$12,090,123$0$0$8,631,869
86$13,220,472$0$0$9,440,648
87$14,462,878$0$0$10,329,664
88$15,828,668$0$0$11,307,031
89$17,330,321$0$0$12,381,687
90$18,981,587$0$0$13,563,481
91$20,797,615$0$0$14,863,261
92$22,795,095$0$0$16,292,983
93$24,992,416$0$0$17,865,817
94$27,409,839$0$0$19,596,275
95$30,069,687$0$0$21,500,346
96$32,996,557$0$0$23,595,648
97$36,217,550$0$0$25,901,592
98$39,762,527$0$0$28,439,567
99$43,664,393$0$0$31,233,139
100$47,959,400$0$0$34,308,278