Can I retire at age 51 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$67,385$66,784$66,199$65,627$65,069$64,150
2 years$33,359$32,737$32,135$31,551$30,985$30,061
3 years$22,018$21,394$20,794$20,215$19,658$18,757
4 years$16,349$15,727$15,132$14,564$14,020$13,150
5 years$12,949$12,330$11,743$11,187$10,658$9,821
6 years$10,682$10,069$9,490$8,946$8,433$7,630
7 years$9,064$8,456$7,887$7,355$6,859$6,090
8 years$7,851$7,248$6,688$6,170$5,690$4,955
9 years$6,908$6,311$5,761$5,255$4,792$4,091
10 years$6,154$5,563$5,022$4,530$4,083$3,416
11 years$5,538$4,952$4,422$3,943$3,511$2,877
12 years$5,024$4,445$3,924$3,458$3,043$2,440
13 years$4,590$4,017$3,506$3,053$2,653$2,082
14 years$4,218$3,651$3,150$2,710$2,326$1,785
15 years$3,897$3,335$2,844$2,417$2,048$1,536
16 years$3,615$3,060$2,579$2,164$1,810$1,327
17 years$3,367$2,818$2,346$1,944$1,605$1,149
18 years$3,147$2,604$2,142$1,752$1,427$998
19 years$2,950$2,413$1,961$1,583$1,272$868
20 years$2,773$2,243$1,800$1,434$1,136$756
21 years$2,613$2,089$1,655$1,302$1,017$660
22 years$2,468$1,950$1,526$1,183$911$577
23 years$2,336$1,824$1,409$1,078$818$505
24 years$2,215$1,709$1,303$983$735$442
25 years$2,104$1,604$1,207$898$662$387
26 years$2,001$1,507$1,119$821$596$340
27 years$1,907$1,418$1,039$751$537$298
28 years$1,819$1,337$966$688$485$262
29 years$1,737$1,261$899$631$438$230
30 years$1,661$1,191$837$579$396$202
31 years$1,590$1,126$781$532$358$178
32 years$1,524$1,065$728$489$324$157
33 years$1,461$1,009$680$450$293$138
34 years$1,403$956$635$414$265$121
35 years$1,348$907$594$381$240$107
36 years$1,296$861$556$351$218$94
37 years$1,247$817$520$323$197$83
38 years$1,201$777$487$298$179$73
39 years$1,157$739$456$275$162$64
40 years$1,116$703$428$253$147$57
41 years$1,076$669$401$234$133$50
42 years$1,039$637$376$216$121$44
43 years$1,003$607$353$199$110$39
44 years$970$579$331$184$100$34
45 years$937$552$311$170$91$30
46 years$907$526$292$157$82$27
47 years$877$502$275$145$75$23
48 years$849$480$258$134$68$21
49 years$822$458$243$124$62$18
50 years$797$437$228$114$56$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $816,000, adding $2,974 every year, while hoping to spend $30,297 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: 73/9/18 Blend
50$816,000$816,000$816,000$816,000
51$902,300$859,052$846,404$964,163
52$962,098$868,909$842,522$1,015,475
53$1,026,981$878,235$837,496$1,067,702
54$1,097,435$886,970$831,253$1,124,131
55$1,173,994$895,052$823,721$1,185,174
56$1,257,248$902,416$814,822$1,251,283
57$1,347,844$908,992$804,476$1,322,957
58$1,446,496$914,704$792,597$1,400,749
59$1,553,986$919,472$779,097$1,485,263
60$1,671,180$923,213$763,884$1,577,170
61$1,799,025$925,835$746,859$1,677,208
62$1,938,568$927,244$727,921$1,786,189
63$2,090,960$927,337$706,965$1,905,010
64$2,257,468$926,006$683,878$2,034,660
65$2,439,487$923,137$658,544$2,176,228
66$2,638,551$918,608$630,843$2,330,915
67$2,856,353$912,289$600,645$2,500,047
68$3,094,753$904,044$567,819$2,685,082
69$3,355,803$893,727$532,226$2,887,632
70$3,641,759$881,183$493,720$3,109,471
71$3,955,108$866,251$452,149$3,352,555
72$4,298,588$848,756$407,355$3,619,042
73$4,675,215$828,517$359,172$3,911,310
74$5,088,310$805,337$307,428$4,231,979
75$5,541,532$779,013$251,941$4,583,941
76$6,038,911$749,327$192,524$4,970,382
77$6,584,884$716,049$128,978$5,394,815
78$7,184,342$678,935$61,098$5,861,110
79$7,842,671$637,728$0$6,373,538
80$8,565,803$592,157$0$6,938,982
81$9,360,274$541,932$0$7,573,117
82$10,233,286$486,751$0$8,269,957
83$11,192,770$426,290$0$9,035,856
84$12,247,466$360,212$0$9,877,809
85$13,407,001$288,156$0$10,803,529
86$14,681,983$209,743$0$11,821,512
87$16,084,099$124,574$0$12,941,123
88$17,626,224$32,225$0$14,172,678
89$19,322,544$0$0$15,527,547
90$21,188,690$0$0$17,024,970
91$23,241,883$0$0$18,676,036
92$25,501,098$0$0$20,492,819
93$27,987,242$0$0$22,492,136
94$30,723,351$0$0$24,692,518
95$33,734,808$0$0$27,114,384
96$37,049,580$0$0$29,780,232
97$40,698,485$0$0$32,714,853
98$44,715,477$0$0$35,945,561
99$49,137,974$0$0$39,502,456
100$54,007,204$0$0$43,418,704