Can I retire at age 51 with 812,000?

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 $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%15.3%
1 years$67,054$66,457$65,874$65,305$64,750$63,339
2 years$33,195$32,577$31,978$31,397$30,833$29,419
3 years$21,910$21,289$20,692$20,116$19,562$18,188
4 years$16,269$15,650$15,058$14,493$13,952$12,629
5 years$12,885$12,270$11,686$11,132$10,606$9,339
6 years$10,630$10,019$9,444$8,902$8,392$7,181
7 years$9,020$8,414$7,848$7,319$6,825$5,671
8 years$7,812$7,212$6,656$6,140$5,662$4,564
9 years$6,874$6,280$5,733$5,230$4,768$3,725
10 years$6,124$5,535$4,998$4,508$4,063$3,074
11 years$5,510$4,928$4,400$3,923$3,494$2,559
12 years$5,000$4,423$3,905$3,441$3,028$2,144
13 years$4,568$3,997$3,489$3,038$2,640$1,806
14 years$4,198$3,633$3,135$2,697$2,315$1,529
15 years$3,877$3,319$2,830$2,405$2,038$1,299
16 years$3,597$3,045$2,566$2,154$1,801$1,107
17 years$3,351$2,804$2,335$1,935$1,597$946
18 years$3,132$2,591$2,131$1,744$1,420$810
19 years$2,936$2,402$1,951$1,576$1,266$694
20 years$2,760$2,232$1,791$1,427$1,131$597
21 years$2,601$2,079$1,647$1,295$1,012$513
22 years$2,456$1,940$1,518$1,178$907$442
23 years$2,325$1,815$1,402$1,072$814$381
24 years$2,204$1,700$1,296$978$732$329
25 years$2,093$1,596$1,201$893$658$284
26 years$1,991$1,500$1,114$817$593$245
27 years$1,897$1,411$1,034$748$535$212
28 years$1,810$1,330$961$685$482$183
29 years$1,729$1,255$895$628$436$159
30 years$1,653$1,185$833$576$394$137
31 years$1,582$1,120$777$529$356$119
32 years$1,516$1,060$725$487$322$103
33 years$1,454$1,004$677$447$291$89
34 years$1,396$951$632$412$264$77
35 years$1,341$902$591$379$239$67
36 years$1,290$856$553$349$216$58
37 years$1,241$813$518$322$196$50
38 years$1,195$773$485$296$178$44
39 years$1,151$735$454$273$161$38
40 years$1,110$699$426$252$146$33
41 years$1,071$666$399$233$133$28
42 years$1,034$634$374$215$120$25
43 years$998$604$351$198$109$21
44 years$965$576$330$183$99$18
45 years$933$549$310$169$90$16
46 years$902$524$291$156$82$14
47 years$873$500$273$144$74$12
48 years$845$477$257$133$67$10
49 years$818$456$241$123$61$9
50 years$793$435$227$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $812,000, adding $2,659 every year, while hoping to spend $43,107 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: 39/33/28 Blend
50$812,000$812,000$812,000$812,000
51$897,567$854,531$841,945$925,032
52$943,253$850,537$824,284$941,350
53$992,155$844,903$804,588$954,811
54$1,044,554$837,503$782,741$968,544
55$1,100,761$828,203$758,625$982,603
56$1,161,115$816,861$732,115$997,048
57$1,225,989$803,329$703,082$1,011,951
58$1,295,794$787,446$671,389$1,027,392
59$1,370,979$769,044$636,895$1,043,467
60$1,452,037$747,946$599,449$1,060,282
61$1,539,512$723,962$558,898$1,077,960
62$1,633,999$696,893$515,078$1,096,643
63$1,736,154$666,528$467,820$1,116,489
64$1,846,697$632,643$416,946$1,137,679
65$1,966,418$595,001$362,273$1,160,417
66$2,096,189$553,352$303,605$1,184,937
67$2,236,967$507,432$240,742$1,211,499
68$2,389,803$456,962$173,472$1,240,397
69$2,555,855$401,646$101,576$1,271,964
70$2,736,397$341,171$24,824$1,306,572
71$2,932,829$275,208$0$1,344,640
72$3,146,693$203,409$0$1,403,692
73$3,379,685$125,405$0$1,476,222
74$3,633,670$40,807$0$1,555,474
75$3,910,704$0$0$1,642,188
76$4,213,047$0$0$1,755,629
77$4,543,187$0$0$1,895,783
78$4,903,865$0$0$2,049,006
79$5,298,096$0$0$2,216,593
80$5,729,201$0$0$2,399,970
81$6,200,835$0$0$2,600,706
82$6,717,024$0$0$2,820,529
83$7,282,202$0$0$3,061,342
84$7,901,249$0$0$3,325,241
85$8,579,541$0$0$3,614,535
86$9,322,998$0$0$3,931,765
87$10,138,141$0$0$4,279,733
88$11,032,151$0$0$4,661,521
89$12,012,937$0$0$5,080,527
90$13,089,211$0$0$5,540,493
91$14,270,571$0$0$6,045,541
92$15,567,587$0$0$6,600,211
93$16,991,903$0$0$7,209,505
94$18,556,346$0$0$7,878,933
95$20,275,048$0$0$8,614,566
96$22,163,575$0$0$9,423,091
97$24,239,076$0$0$10,311,875
98$26,520,445$0$0$11,289,035
99$29,028,497$0$0$12,363,515
100$31,786,164$0$0$13,545,166