Can I retire at age 51 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$67,302$66,702$66,118$65,547$64,989$62,808
2 years$33,318$32,697$32,096$31,513$30,947$28,772
3 years$21,991$21,368$20,768$20,191$19,634$17,532
4 years$16,329$15,708$15,114$14,546$14,003$11,991
5 years$12,933$12,315$11,729$11,173$10,645$8,727
6 years$10,669$10,056$9,479$8,935$8,423$6,602
7 years$9,053$8,445$7,877$7,346$6,850$5,125
8 years$7,841$7,239$6,680$6,162$5,683$4,053
9 years$6,899$6,303$5,754$5,249$4,786$3,249
10 years$6,146$5,556$5,016$4,525$4,078$2,631
11 years$5,531$4,946$4,416$3,938$3,507$2,148
12 years$5,018$4,439$3,919$3,454$3,039$1,765
13 years$4,584$4,012$3,502$3,049$2,650$1,457
14 years$4,213$3,647$3,146$2,707$2,323$1,208
15 years$3,892$3,331$2,841$2,414$2,045$1,005
16 years$3,611$3,056$2,575$2,162$1,808$838
17 years$3,363$2,815$2,344$1,942$1,603$701
18 years$3,143$2,601$2,139$1,750$1,425$587
19 years$2,947$2,411$1,958$1,581$1,270$492
20 years$2,770$2,240$1,797$1,432$1,135$413
21 years$2,610$2,086$1,653$1,300$1,015$347
22 years$2,465$1,948$1,524$1,182$910$292
23 years$2,333$1,822$1,407$1,076$817$246
24 years$2,212$1,707$1,301$982$734$207
25 years$2,101$1,602$1,205$897$661$175
26 years$1,999$1,505$1,118$820$595$147
27 years$1,904$1,417$1,038$750$537$124
28 years$1,816$1,335$965$688$484$105
29 years$1,735$1,259$898$630$437$89
30 years$1,659$1,189$836$579$395$75
31 years$1,588$1,124$780$531$357$63
32 years$1,522$1,064$727$488$323$53
33 years$1,460$1,007$679$449$292$45
34 years$1,401$955$635$413$265$38
35 years$1,346$906$593$380$240$32
36 years$1,294$860$555$350$217$27
37 years$1,246$816$520$323$197$23
38 years$1,199$776$487$298$179$19
39 years$1,156$738$456$274$162$16
40 years$1,114$702$427$253$147$14
41 years$1,075$668$401$233$133$12
42 years$1,038$636$376$215$121$10
43 years$1,002$606$353$199$110$8
44 years$968$578$331$184$100$7
45 years$936$551$311$170$90$6
46 years$905$526$292$157$82$5
47 years$876$502$274$145$75$4
48 years$848$479$258$134$68$4
49 years$821$457$242$124$61$3
50 years$796$437$228$114$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $815,000, adding $3,294 every year, while hoping to spend $29,519 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: 50/36/14 Blend
50$815,000$815,000$815,000$815,000
51$901,528$858,333$845,700$942,998
52$962,076$868,983$842,623$982,489
53$1,027,810$879,166$838,454$1,022,023
54$1,099,229$888,827$833,124$1,064,327
55$1,176,880$897,909$826,563$1,109,670
56$1,261,365$906,350$818,697$1,158,351
57$1,353,348$914,085$809,447$1,210,698
58$1,453,558$921,044$798,732$1,267,076
59$1,562,797$927,152$786,466$1,327,886
60$1,681,950$932,329$772,560$1,393,573
61$1,811,988$936,493$756,920$1,464,626
62$1,953,982$939,553$739,448$1,541,588
63$2,109,111$941,413$720,042$1,625,058
64$2,278,671$941,973$698,594$1,715,696
65$2,464,091$941,125$674,993$1,814,232
66$2,666,943$938,755$649,120$1,921,474
67$2,888,959$934,742$620,853$2,038,311
68$3,132,045$928,956$590,064$2,165,727
69$3,398,301$921,262$556,618$2,304,808
70$3,690,038$911,515$520,375$2,456,754
71$4,009,804$899,561$481,190$2,622,887
72$4,360,402$885,238$438,908$2,804,671
73$4,744,922$868,373$393,370$3,003,719
74$5,166,765$848,785$344,409$3,221,812
75$5,629,679$826,279$291,851$3,460,917
76$6,137,791$800,651$235,512$3,723,205
77$6,695,648$771,685$175,204$4,011,073
78$7,308,258$739,152$110,728$4,327,163
79$7,981,138$702,808$41,875$4,674,395
80$8,720,367$662,398$0$5,055,991
81$9,532,638$617,650$0$5,480,224
82$10,425,330$568,278$0$5,953,278
83$11,406,568$513,977$0$6,473,255
84$12,485,304$454,429$0$7,044,966
85$13,671,403$389,293$0$7,673,718
86$14,975,730$318,212$0$8,365,363
87$16,410,258$240,809$0$9,126,355
88$17,988,180$156,684$0$9,963,812
89$19,724,027$65,414$0$10,885,581
90$21,633,814$0$0$11,900,319
91$23,735,185$0$0$13,030,817
92$26,047,579$0$0$14,303,457
93$28,592,416$0$0$15,704,126
94$31,393,299$0$0$17,245,828
95$34,476,231$0$0$18,942,890
96$37,869,869$0$0$20,811,099
97$41,605,785$0$0$22,867,849
98$45,718,770$0$0$25,132,311
99$50,247,159$0$0$27,625,603
100$55,233,193$0$0$30,371,000