Can I retire at age 51 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$67,137$66,539$65,955$65,386$64,830$63,993
2 years$33,236$32,617$32,017$31,435$30,871$30,030
3 years$21,937$21,316$20,717$20,141$19,586$18,765
4 years$16,289$15,669$15,077$14,510$13,969$13,176
5 years$12,901$12,285$11,700$11,145$10,619$9,855
6 years$10,643$10,032$9,456$8,913$8,402$7,670
7 years$9,031$8,424$7,858$7,328$6,833$6,132
8 years$7,822$7,221$6,664$6,147$5,669$4,998
9 years$6,883$6,287$5,740$5,236$4,774$4,134
10 years$6,131$5,542$5,004$4,514$4,068$3,457
11 years$5,517$4,934$4,405$3,928$3,498$2,918
12 years$5,006$4,428$3,910$3,446$3,032$2,480
13 years$4,573$4,002$3,493$3,042$2,644$2,120
14 years$4,203$3,638$3,138$2,700$2,317$1,821
15 years$3,882$3,323$2,834$2,408$2,040$1,571
16 years$3,602$3,049$2,569$2,156$1,803$1,359
17 years$3,355$2,808$2,338$1,937$1,599$1,180
18 years$3,135$2,595$2,134$1,746$1,422$1,026
19 years$2,939$2,405$1,954$1,578$1,267$895
20 years$2,763$2,234$1,793$1,429$1,132$781
21 years$2,604$2,081$1,649$1,297$1,013$683
22 years$2,459$1,943$1,520$1,179$908$599
23 years$2,328$1,817$1,403$1,074$815$525
24 years$2,207$1,703$1,298$979$733$461
25 years$2,096$1,598$1,202$894$659$405
26 years$1,994$1,502$1,115$818$594$356
27 years$1,900$1,413$1,035$749$535$313
28 years$1,812$1,332$962$686$483$276
29 years$1,731$1,256$896$629$436$243
30 years$1,655$1,186$834$577$394$214
31 years$1,584$1,122$778$530$356$189
32 years$1,518$1,061$726$487$322$166
33 years$1,456$1,005$678$448$292$147
34 years$1,398$952$633$412$264$130
35 years$1,343$903$592$379$239$114
36 years$1,291$857$554$349$217$101
37 years$1,242$814$518$322$196$89
38 years$1,196$774$485$297$178$79
39 years$1,153$736$455$274$161$69
40 years$1,111$700$426$252$146$61
41 years$1,072$667$400$233$133$54
42 years$1,035$635$375$215$121$48
43 years$1,000$605$352$198$109$42
44 years$966$577$330$183$99$37
45 years$934$550$310$169$90$33
46 years$903$524$291$156$82$29
47 years$874$500$274$144$74$26
48 years$846$478$257$133$68$23
49 years$819$456$242$123$61$20
50 years$794$436$227$114$56$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $813,000, adding $5,166 every year, while hoping to spend $46,934 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: 55/17/28 Blend
50$813,000$813,000$813,000$813,000
51$901,255$858,166$845,564$943,583
52$943,245$850,278$823,953$965,453
53$987,946$840,432$800,045$983,987
54$1,035,583$828,480$773,714$1,003,229
55$1,086,406$814,269$744,826$1,023,262
56$1,140,686$797,635$713,245$1,044,184
57$1,198,723$778,405$678,825$1,066,101
58$1,260,841$756,396$641,415$1,089,136
59$1,327,402$731,414$600,856$1,113,427
60$1,398,797$703,253$556,985$1,139,126
61$1,475,458$671,696$509,628$1,166,408
62$1,557,859$636,514$458,605$1,195,465
63$1,646,520$597,463$403,728$1,226,517
64$1,742,012$554,285$344,800$1,259,805
65$1,844,962$506,710$281,615$1,295,603
66$1,956,059$454,449$213,960$1,334,215
67$2,076,059$397,199$141,610$1,375,980
68$2,205,794$334,639$64,331$1,421,278
69$2,346,179$266,430$0$1,470,533
70$2,498,218$192,214$0$1,529,634
71$2,663,016$111,612$0$1,614,552
72$2,841,787$24,225$0$1,706,710
73$3,035,868$0$0$1,806,843
74$3,246,729$0$0$1,928,926
75$3,475,985$0$0$2,066,652
76$3,725,414$0$0$2,216,567
77$3,996,975$0$0$2,379,855
78$4,292,819$0$0$2,557,821
79$4,615,316$0$0$2,751,898
80$4,967,073$0$0$2,963,667
81$5,350,961$0$0$3,194,865
82$5,770,139$0$0$3,447,405
83$6,228,084$0$0$3,723,395
84$6,728,626$0$0$4,025,153
85$7,275,979$0$0$4,355,232
86$7,874,785$0$0$4,716,444
87$8,530,153$0$0$5,111,884
88$9,247,712$0$0$5,544,962
89$10,033,657$0$0$6,019,431
90$10,894,813$0$0$6,539,426
91$11,838,696$0$0$7,109,499
92$12,873,581$0$0$7,734,666
93$14,008,586$0$0$8,420,451
94$15,253,752$0$0$9,172,935
95$16,620,137$0$0$9,998,822
96$18,119,925$0$0$10,905,492
97$19,766,533$0$0$11,901,076
98$21,574,745$0$0$12,994,532
99$23,560,843$0$0$14,195,725
100$25,742,765$0$0$15,515,526