Can I retire at age 51 with 814,000?

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 $814,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$67,219$66,621$66,036$65,466$64,910$62,433
2 years$33,277$32,657$32,057$31,474$30,909$28,443
3 years$21,964$21,342$20,743$20,166$19,610$17,232
4 years$16,309$15,688$15,095$14,528$13,986$11,715
5 years$12,917$12,300$11,715$11,159$10,632$8,473
6 years$10,656$10,044$9,467$8,924$8,413$6,367
7 years$9,042$8,435$7,867$7,337$6,842$4,909
8 years$7,832$7,230$6,672$6,155$5,676$3,854
9 years$6,891$6,295$5,747$5,243$4,780$3,067
10 years$6,139$5,549$5,010$4,519$4,073$2,465
11 years$5,524$4,940$4,411$3,933$3,503$1,997
12 years$5,012$4,434$3,914$3,450$3,035$1,628
13 years$4,579$4,007$3,497$3,046$2,647$1,333
14 years$4,208$3,642$3,142$2,704$2,320$1,096
15 years$3,887$3,327$2,837$2,411$2,043$904
16 years$3,606$3,053$2,572$2,159$1,806$747
17 years$3,359$2,811$2,341$1,940$1,601$619
18 years$3,139$2,598$2,137$1,748$1,423$514
19 years$2,943$2,408$1,956$1,580$1,269$427
20 years$2,767$2,237$1,795$1,431$1,133$355
21 years$2,607$2,084$1,651$1,298$1,014$296
22 years$2,462$1,945$1,522$1,180$909$247
23 years$2,330$1,819$1,405$1,075$816$206
24 years$2,210$1,705$1,300$981$733$172
25 years$2,099$1,600$1,204$895$660$143
26 years$1,996$1,503$1,116$819$595$120
27 years$1,902$1,415$1,037$749$536$100
28 years$1,814$1,333$964$687$484$84
29 years$1,733$1,258$897$630$437$70
30 years$1,657$1,188$835$578$395$58
31 years$1,586$1,123$779$531$357$49
32 years$1,520$1,063$727$488$323$41
33 years$1,458$1,006$678$449$292$34
34 years$1,399$954$634$413$264$29
35 years$1,345$905$593$380$239$24
36 years$1,293$859$554$350$217$20
37 years$1,244$815$519$322$197$17
38 years$1,198$775$486$297$178$14
39 years$1,154$737$455$274$162$12
40 years$1,113$701$427$253$147$10
41 years$1,074$667$400$233$133$8
42 years$1,036$636$375$215$121$7
43 years$1,001$606$352$199$110$6
44 years$967$577$331$183$99$5
45 years$935$550$310$169$90$4
46 years$904$525$292$156$82$3
47 years$875$501$274$145$74$3
48 years$847$478$257$134$68$2
49 years$820$457$242$123$61$2
50 years$795$436$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $814,000, adding $6,718 every year, while hoping to spend $33,061 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$814,000$814,000$814,000$814,000
51$903,958$860,816$848,199$973,200
52$960,985$867,819$841,437$1,026,589
53$1,022,720$874,057$833,340$1,080,149
54$1,089,610$879,458$823,829$1,137,909
55$1,162,144$883,945$812,821$1,200,270
56$1,240,860$887,436$800,228$1,267,678
57$1,326,350$889,843$785,958$1,340,621
58$1,419,267$891,074$769,917$1,419,637
59$1,520,326$891,031$752,003$1,505,320
60$1,630,317$889,609$732,113$1,598,324
61$1,750,107$886,697$710,136$1,699,369
62$1,880,650$882,178$685,958$1,809,249
63$2,022,998$875,926$659,459$1,928,840
64$2,178,307$867,810$630,514$2,059,105
65$2,347,849$857,688$598,991$2,201,107
66$2,533,027$845,411$564,754$2,356,018
67$2,735,382$830,823$527,660$2,525,128
68$2,956,613$813,755$487,559$2,709,860
69$3,198,590$794,031$444,294$2,911,782
70$3,463,371$771,464$397,703$3,132,623
71$3,753,223$745,854$347,614$3,374,288
72$4,070,642$716,991$293,850$3,638,876
73$4,418,378$684,654$236,224$3,928,703
74$4,799,457$648,607$174,543$4,246,319
75$5,217,215$608,602$108,603$4,594,537
76$5,675,322$564,375$38,192$4,976,457
77$6,177,824$515,648$0$5,395,495
78$6,729,175$462,128$0$5,858,178
79$7,334,283$403,503$0$6,369,121
80$7,998,551$339,446$0$6,930,064
81$8,727,933$269,610$0$7,546,068
82$9,528,990$193,628$0$8,222,714
83$10,408,944$111,113$0$8,966,151
84$11,375,755$21,656$0$9,783,157
85$12,438,192$0$0$10,681,199
86$13,605,914$0$0$11,680,919
87$14,889,563$0$0$12,783,845
88$16,300,863$0$0$13,996,482
89$17,852,732$0$0$15,329,930
90$19,559,400$0$0$16,796,424
91$21,436,548$0$0$18,409,439
92$23,501,450$0$0$20,183,825
93$25,773,142$0$0$22,135,943
94$28,272,594$0$0$24,283,817
95$31,022,914$0$0$26,647,309
96$34,049,561$0$0$29,248,304
97$37,380,590$0$0$32,110,914
98$41,046,910$0$0$35,261,707
99$45,082,579$0$0$38,729,959
100$49,525,127$0$0$42,547,927