Can I retire at age 51 with 814,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.5%
1 years$67,219$66,621$66,036$65,466$64,910$63,187
2 years$33,277$32,657$32,057$31,474$30,909$29,185
3 years$21,964$21,342$20,743$20,166$19,610$17,939
4 years$16,309$15,688$15,095$14,528$13,986$12,381
5 years$12,917$12,300$11,715$11,159$10,632$9,098
6 years$10,656$10,044$9,467$8,924$8,413$6,950
7 years$9,042$8,435$7,867$7,337$6,842$5,451
8 years$7,832$7,230$6,672$6,155$5,676$4,356
9 years$6,891$6,295$5,747$5,243$4,780$3,531
10 years$6,139$5,549$5,010$4,519$4,073$2,892
11 years$5,524$4,940$4,411$3,933$3,503$2,388
12 years$5,012$4,434$3,914$3,450$3,035$1,986
13 years$4,579$4,007$3,497$3,046$2,647$1,660
14 years$4,208$3,642$3,142$2,704$2,320$1,393
15 years$3,887$3,327$2,837$2,411$2,043$1,174
16 years$3,606$3,053$2,572$2,159$1,806$992
17 years$3,359$2,811$2,341$1,940$1,601$840
18 years$3,139$2,598$2,137$1,748$1,423$713
19 years$2,943$2,408$1,956$1,580$1,269$606
20 years$2,767$2,237$1,795$1,431$1,133$516
21 years$2,607$2,084$1,651$1,298$1,014$440
22 years$2,462$1,945$1,522$1,180$909$375
23 years$2,330$1,819$1,405$1,075$816$320
24 years$2,210$1,705$1,300$981$733$274
25 years$2,099$1,600$1,204$895$660$234
26 years$1,996$1,503$1,116$819$595$200
27 years$1,902$1,415$1,037$749$536$172
28 years$1,814$1,333$964$687$484$147
29 years$1,733$1,258$897$630$437$126
30 years$1,657$1,188$835$578$395$108
31 years$1,586$1,123$779$531$357$92
32 years$1,520$1,063$727$488$323$79
33 years$1,458$1,006$678$449$292$68
34 years$1,399$954$634$413$264$58
35 years$1,345$905$593$380$239$50
36 years$1,293$859$554$350$217$43
37 years$1,244$815$519$322$197$37
38 years$1,198$775$486$297$178$32
39 years$1,154$737$455$274$162$27
40 years$1,113$701$427$253$147$23
41 years$1,074$667$400$233$133$20
42 years$1,036$636$375$215$121$17
43 years$1,001$606$352$199$110$15
44 years$967$577$331$183$99$13
45 years$935$550$310$169$90$11
46 years$904$525$292$156$82$9
47 years$875$501$274$145$74$8
48 years$847$478$257$134$68$7
49 years$820$457$242$123$61$6
50 years$795$436$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $814,000, adding $2,928 every year, while hoping to spend $53,297 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: 62/18/20 Blend
50$814,000$814,000$814,000$814,000
51$900,048$856,906$844,289$951,027
52$935,146$842,187$815,865$971,056
53$972,037$824,960$784,703$986,708
54$1,010,848$805,047$750,654$1,002,573
55$1,051,717$782,257$713,564$1,018,677
56$1,094,795$756,390$673,271$1,035,051
57$1,140,244$727,234$629,606$1,051,732
58$1,188,244$694,562$582,392$1,068,763
59$1,238,987$658,139$531,445$1,086,194
60$1,292,687$617,711$476,571$1,104,083
61$1,349,575$573,013$417,570$1,122,496
62$1,409,904$523,763$354,232$1,141,510
63$1,473,951$469,664$286,335$1,161,212
64$1,542,019$410,402$213,652$1,181,703
65$1,614,437$345,644$135,941$1,203,096
66$1,691,569$275,040$52,955$1,225,521
67$1,773,811$198,218$0$1,249,126
68$1,861,597$114,788$0$1,281,675
69$1,955,403$24,336$0$1,328,312
70$2,055,751$0$0$1,377,999
71$2,163,212$0$0$1,445,612
72$2,278,415$0$0$1,523,303
73$2,402,047$0$0$1,606,722
74$2,534,863$0$0$1,696,382
75$2,677,692$0$0$1,792,849
76$2,831,445$0$0$1,896,744
77$2,997,120$0$0$2,008,749
78$3,175,815$0$0$2,129,612
79$3,368,736$0$0$2,260,156
80$3,577,209$0$0$2,401,286
81$3,802,688$0$0$2,553,994
82$4,046,776$0$0$2,719,374
83$4,311,232$0$0$2,898,625
84$4,597,989$0$0$3,093,070
85$4,909,177$0$0$3,304,160
86$5,247,136$0$0$3,533,492
87$5,614,438$0$0$3,782,823
88$6,013,917$0$0$4,054,087
89$6,448,686$0$0$4,349,411
90$6,922,175$0$0$4,671,135
91$7,438,155$0$0$5,021,834
92$8,000,777$0$0$5,404,344
93$8,614,610$0$0$5,821,783
94$9,284,684$0$0$6,277,586
95$10,016,533$0$0$6,775,533
96$10,816,253$0$0$7,319,787
97$11,690,553$0$0$7,914,928
98$12,646,818$0$0$8,566,003
99$13,693,184$0$0$9,278,565
100$14,838,605$0$0$10,058,732