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%14.1%
1 years$67,137$66,539$65,955$65,386$64,830$63,730
2 years$33,236$32,617$32,017$31,435$30,871$29,766
3 years$21,937$21,316$20,717$20,141$19,586$18,511
4 years$16,289$15,669$15,077$14,510$13,969$12,931
5 years$12,901$12,285$11,700$11,145$10,619$9,622
6 years$10,643$10,032$9,456$8,913$8,402$7,448
7 years$9,031$8,424$7,858$7,328$6,833$5,921
8 years$7,822$7,221$6,664$6,147$5,669$4,798
9 years$6,883$6,287$5,740$5,236$4,774$3,945
10 years$6,131$5,542$5,004$4,514$4,068$3,280
11 years$5,517$4,934$4,405$3,928$3,498$2,750
12 years$5,006$4,428$3,910$3,446$3,032$2,323
13 years$4,573$4,002$3,493$3,042$2,644$1,973
14 years$4,203$3,638$3,138$2,700$2,317$1,683
15 years$3,882$3,323$2,834$2,408$2,040$1,442
16 years$3,602$3,049$2,569$2,156$1,803$1,239
17 years$3,355$2,808$2,338$1,937$1,599$1,068
18 years$3,135$2,595$2,134$1,746$1,422$922
19 years$2,939$2,405$1,954$1,578$1,267$798
20 years$2,763$2,234$1,793$1,429$1,132$692
21 years$2,604$2,081$1,649$1,297$1,013$601
22 years$2,459$1,943$1,520$1,179$908$522
23 years$2,328$1,817$1,403$1,074$815$454
24 years$2,207$1,703$1,298$979$733$396
25 years$2,096$1,598$1,202$894$659$345
26 years$1,994$1,502$1,115$818$594$301
27 years$1,900$1,413$1,035$749$535$263
28 years$1,812$1,332$962$686$483$229
29 years$1,731$1,256$896$629$436$200
30 years$1,655$1,186$834$577$394$175
31 years$1,584$1,122$778$530$356$153
32 years$1,518$1,061$726$487$322$134
33 years$1,456$1,005$678$448$292$117
34 years$1,398$952$633$412$264$103
35 years$1,343$903$592$379$239$90
36 years$1,291$857$554$349$217$79
37 years$1,242$814$518$322$196$69
38 years$1,196$774$485$297$178$60
39 years$1,153$736$455$274$161$53
40 years$1,111$700$426$252$146$46
41 years$1,072$667$400$233$133$40
42 years$1,035$635$375$215$121$35
43 years$1,000$605$352$198$109$31
44 years$966$577$330$183$99$27
45 years$934$550$310$169$90$24
46 years$903$524$291$156$82$21
47 years$874$500$274$144$74$18
48 years$846$478$257$133$68$16
49 years$819$456$242$123$61$14
50 years$794$436$227$114$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $813,000, adding $4,660 every year, while hoping to spend $53,272 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: 78/15/7 Blend
50$813,000$813,000$813,000$813,000
51$900,733$857,644$845,042$969,890
52$935,927$842,987$816,670$1,001,270
53$972,925$825,827$785,562$1,028,281
54$1,011,855$805,985$751,570$1,056,327
55$1,052,856$783,270$714,540$1,085,486
56$1,096,080$757,483$674,310$1,115,847
57$1,141,692$728,411$630,711$1,147,504
58$1,189,870$695,829$583,566$1,180,566
59$1,240,813$659,501$532,691$1,215,149
60$1,294,733$619,174$477,894$1,251,385
61$1,351,865$574,582$418,972$1,289,418
62$1,412,464$525,446$355,717$1,329,410
63$1,476,810$471,467$287,907$1,371,537
64$1,545,207$412,332$215,315$1,415,996
65$1,617,991$347,708$137,700$1,463,005
66$1,695,526$277,246$54,814$1,512,807
67$1,778,214$200,575$0$1,565,667
68$1,866,493$117,304$0$1,624,395
69$1,960,843$27,021$0$1,691,338
70$2,061,793$0$0$1,762,783
71$2,169,919$0$0$1,850,826
72$2,285,855$0$0$1,950,028
73$2,410,297$0$0$2,056,527
74$2,544,007$0$0$2,170,978
75$2,687,823$0$0$2,294,100
76$2,842,665$0$0$2,426,684
77$3,009,542$0$0$2,569,598
78$3,189,564$0$0$2,723,793
79$3,383,949$0$0$2,890,317
80$3,594,037$0$0$3,070,320
81$3,821,298$0$0$3,265,068
82$4,067,352$0$0$3,475,949
83$4,333,975$0$0$3,704,492
84$4,623,125$0$0$3,952,378
85$4,936,951$0$0$4,221,453
86$5,277,818$0$0$4,513,752
87$5,648,329$0$0$4,831,508
88$6,051,346$0$0$5,177,183
89$6,490,017$0$0$5,553,481
90$6,967,808$0$0$5,963,381
91$7,488,531$0$0$6,410,159
92$8,056,384$0$0$6,897,422
93$8,675,984$0$0$7,429,138
94$9,352,415$0$0$8,009,678
95$10,091,274$0$0$8,643,849
96$10,898,722$0$0$9,336,947
97$11,781,541$0$0$10,094,801
98$12,747,198$0$0$10,923,829
99$13,803,916$0$0$11,831,098
100$14,960,750$0$0$12,824,388