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%19.2%
1 years$67,219$66,621$66,036$65,466$64,910$62,507
2 years$33,277$32,657$32,057$31,474$30,909$28,516
3 years$21,964$21,342$20,743$20,166$19,610$17,301
4 years$16,309$15,688$15,095$14,528$13,986$11,779
5 years$12,917$12,300$11,715$11,159$10,632$8,533
6 years$10,656$10,044$9,467$8,924$8,413$6,423
7 years$9,042$8,435$7,867$7,337$6,842$4,961
8 years$7,832$7,230$6,672$6,155$5,676$3,902
9 years$6,891$6,295$5,747$5,243$4,780$3,111
10 years$6,139$5,549$5,010$4,519$4,073$2,505
11 years$5,524$4,940$4,411$3,933$3,503$2,033
12 years$5,012$4,434$3,914$3,450$3,035$1,660
13 years$4,579$4,007$3,497$3,046$2,647$1,363
14 years$4,208$3,642$3,142$2,704$2,320$1,123
15 years$3,887$3,327$2,837$2,411$2,043$928
16 years$3,606$3,053$2,572$2,159$1,806$769
17 years$3,359$2,811$2,341$1,940$1,601$638
18 years$3,139$2,598$2,137$1,748$1,423$531
19 years$2,943$2,408$1,956$1,580$1,269$442
20 years$2,767$2,237$1,795$1,431$1,133$369
21 years$2,607$2,084$1,651$1,298$1,014$308
22 years$2,462$1,945$1,522$1,180$909$257
23 years$2,330$1,819$1,405$1,075$816$215
24 years$2,210$1,705$1,300$981$733$180
25 years$2,099$1,600$1,204$895$660$151
26 years$1,996$1,503$1,116$819$595$126
27 years$1,902$1,415$1,037$749$536$106
28 years$1,814$1,333$964$687$484$88
29 years$1,733$1,258$897$630$437$74
30 years$1,657$1,188$835$578$395$62
31 years$1,586$1,123$779$531$357$52
32 years$1,520$1,063$727$488$323$44
33 years$1,458$1,006$678$449$292$37
34 years$1,399$954$634$413$264$31
35 years$1,345$905$593$380$239$26
36 years$1,293$859$554$350$217$22
37 years$1,244$815$519$322$197$18
38 years$1,198$775$486$297$178$15
39 years$1,154$737$455$274$162$13
40 years$1,113$701$427$253$147$11
41 years$1,074$667$400$233$133$9
42 years$1,036$636$375$215$121$8
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$4
47 years$875$501$274$145$74$3
48 years$847$478$257$134$68$3
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 $5,801 every year, while hoping to spend $55,197 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: 34/47/19 Blend
50$814,000$814,000$814,000$814,000
51$903,012$859,870$847,253$928,269
52$936,390$843,274$816,907$930,781
53$971,322$824,015$783,694$927,971
54$1,007,910$801,905$747,460$923,786
55$1,046,261$776,742$708,044$918,135
56$1,086,493$748,317$665,278$910,927
57$1,128,735$716,404$618,984$902,064
58$1,173,126$680,767$568,979$891,446
59$1,219,815$641,155$515,071$878,967
60$1,268,969$597,304$457,058$864,519
61$1,320,765$548,934$394,731$847,991
62$1,375,399$495,748$327,871$829,267
63$1,433,083$437,432$256,248$808,226
64$1,494,049$373,658$179,623$784,746
65$1,558,549$304,074$97,748$758,701
66$1,626,860$228,312$10,361$729,960
67$1,699,282$145,982$0$698,392
68$1,776,145$56,672$0$680,666
69$1,857,810$0$0$663,174
70$1,944,671$0$0$664,449
71$2,037,158$0$0$697,080
72$2,135,744$0$0$731,933
73$2,240,946$0$0$769,199
74$2,353,331$0$0$809,089
75$2,473,518$0$0$851,832
76$2,602,189$0$0$897,681
77$2,740,091$0$0$946,915
78$2,888,041$0$0$999,837
79$3,046,939$0$0$1,056,782
80$3,217,771$0$0$1,118,117
81$3,401,618$0$0$1,184,244
82$3,599,671$0$0$1,255,607
83$3,813,234$0$0$1,332,691
84$4,043,742$0$0$1,416,033
85$4,292,772$0$0$1,506,218
86$4,562,054$0$0$1,603,893
87$4,853,492$0$0$1,709,769
88$5,169,180$0$0$1,824,626
89$5,511,417$0$0$1,949,322
90$5,882,735$0$0$2,084,803
91$6,285,916$0$0$2,232,107
92$6,724,020$0$0$2,392,379
93$7,200,414$0$0$2,566,874
94$7,718,802$0$0$2,756,978
95$8,283,261$0$0$2,964,214
96$8,898,274$0$0$3,190,257
97$9,568,777$0$0$3,436,953
98$10,300,203$0$0$3,706,333
99$11,098,529$0$0$4,000,632
100$11,970,337$0$0$4,322,311