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%12.7%
1 years$67,054$66,457$65,874$65,305$64,750$64,021
2 years$33,195$32,577$31,978$31,397$30,833$30,099
3 years$21,910$21,289$20,692$20,116$19,562$18,845
4 years$16,269$15,650$15,058$14,493$13,952$13,259
5 years$12,885$12,270$11,686$11,132$10,606$9,938
6 years$10,630$10,019$9,444$8,902$8,392$7,751
7 years$9,020$8,414$7,848$7,319$6,825$6,210
8 years$7,812$7,212$6,656$6,140$5,662$5,074
9 years$6,874$6,280$5,733$5,230$4,768$4,206
10 years$6,124$5,535$4,998$4,508$4,063$3,527
11 years$5,510$4,928$4,400$3,923$3,494$2,983
12 years$5,000$4,423$3,905$3,441$3,028$2,542
13 years$4,568$3,997$3,489$3,038$2,640$2,179
14 years$4,198$3,633$3,135$2,697$2,315$1,877
15 years$3,877$3,319$2,830$2,405$2,038$1,623
16 years$3,597$3,045$2,566$2,154$1,801$1,408
17 years$3,351$2,804$2,335$1,935$1,597$1,226
18 years$3,132$2,591$2,131$1,744$1,420$1,069
19 years$2,936$2,402$1,951$1,576$1,266$935
20 years$2,760$2,232$1,791$1,427$1,131$819
21 years$2,601$2,079$1,647$1,295$1,012$719
22 years$2,456$1,940$1,518$1,178$907$631
23 years$2,325$1,815$1,402$1,072$814$555
24 years$2,204$1,700$1,296$978$732$489
25 years$2,093$1,596$1,201$893$658$431
26 years$1,991$1,500$1,114$817$593$380
27 years$1,897$1,411$1,034$748$535$336
28 years$1,810$1,330$961$685$482$296
29 years$1,729$1,255$895$628$436$262
30 years$1,653$1,185$833$576$394$232
31 years$1,582$1,120$777$529$356$205
32 years$1,516$1,060$725$487$322$181
33 years$1,454$1,004$677$447$291$160
34 years$1,396$951$632$412$264$142
35 years$1,341$902$591$379$239$126
36 years$1,290$856$553$349$216$111
37 years$1,241$813$518$322$196$99
38 years$1,195$773$485$296$178$87
39 years$1,151$735$454$273$161$77
40 years$1,110$699$426$252$146$69
41 years$1,071$666$399$233$133$61
42 years$1,034$634$374$215$120$54
43 years$998$604$351$198$109$48
44 years$965$576$330$183$99$42
45 years$933$549$310$169$90$38
46 years$902$524$291$156$82$33
47 years$873$500$273$144$74$30
48 years$845$477$257$133$67$26
49 years$818$456$241$123$61$23
50 years$793$435$227$114$56$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $812,000, adding $5,811 every year, while hoping to spend $29,603 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: 44/41/15 Blend
50$812,000$812,000$812,000$812,000
51$900,818$857,782$845,196$936,319
52$961,204$868,316$842,013$972,260
53$1,026,757$878,374$837,731$1,007,777
54$1,097,974$887,901$832,282$1,045,633
55$1,175,398$896,840$825,595$1,086,056
56$1,259,632$905,128$817,594$1,129,300
57$1,351,333$912,698$808,203$1,175,643
58$1,451,230$919,481$797,339$1,225,395
59$1,560,121$925,401$784,915$1,278,898
60$1,678,886$930,379$770,842$1,336,530
61$1,808,494$934,328$755,027$1,398,710
62$1,950,010$937,160$737,370$1,465,901
63$2,104,608$938,778$717,769$1,538,614
64$2,273,579$939,079$696,115$1,617,415
65$2,458,345$937,956$672,297$1,702,930
66$2,660,473$935,292$646,195$1,795,850
67$2,881,687$930,967$617,688$1,896,940
68$3,123,884$924,849$586,646$2,007,043
69$3,389,156$916,803$552,934$2,127,096
70$3,679,805$906,681$516,412$2,258,128
71$3,998,366$894,329$476,933$2,401,280
72$4,347,631$879,583$434,342$2,557,813
73$4,730,677$862,270$388,480$2,729,117
74$5,150,890$842,206$339,179$2,916,731
75$5,612,002$819,195$286,262$3,122,352
76$6,118,123$793,032$229,549$3,347,858
77$6,673,780$763,499$168,847$3,595,318
78$7,283,959$730,364$103,957$3,867,022
79$7,954,155$693,383$34,671$4,165,496
80$8,690,418$652,298$0$4,493,529
81$9,499,415$606,836$0$4,860,487
82$10,388,491$556,707$0$5,269,815
83$11,365,738$501,606$0$5,719,750
84$12,440,068$441,210$0$6,214,475
85$13,621,304$375,178$0$6,758,605
86$14,920,264$303,149$0$7,357,231
87$16,348,871$224,743$0$8,015,970
88$17,920,258$139,557$0$8,741,017
89$19,648,896$47,167$0$9,539,205
90$21,550,729$0$0$10,418,073
91$23,643,325$0$0$11,409,790
92$25,946,040$0$0$12,524,617
93$28,480,202$0$0$13,751,615
94$31,269,310$0$0$15,102,174
95$34,339,256$0$0$16,588,850
96$37,718,573$0$0$18,225,473
97$41,438,696$0$0$20,027,286
98$45,534,265$0$0$22,011,082
99$50,043,451$0$0$24,195,368
100$55,008,311$0$0$26,600,534