Can I retire at age 51 with 816,000?

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 $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%17.6%
1 years$67,385$66,784$66,199$65,627$65,069$63,062
2 years$33,359$32,737$32,135$31,551$30,985$28,981
3 years$22,018$21,394$20,794$20,215$19,658$17,719
4 years$16,349$15,727$15,132$14,564$14,020$12,162
5 years$12,949$12,330$11,743$11,187$10,658$8,884
6 years$10,682$10,069$9,490$8,946$8,433$6,747
7 years$9,064$8,456$7,887$7,355$6,859$5,259
8 years$7,851$7,248$6,688$6,170$5,690$4,175
9 years$6,908$6,311$5,761$5,255$4,792$3,361
10 years$6,154$5,563$5,022$4,530$4,083$2,734
11 years$5,538$4,952$4,422$3,943$3,511$2,242
12 years$5,024$4,445$3,924$3,458$3,043$1,851
13 years$4,590$4,017$3,506$3,053$2,653$1,536
14 years$4,218$3,651$3,150$2,710$2,326$1,279
15 years$3,897$3,335$2,844$2,417$2,048$1,069
16 years$3,615$3,060$2,579$2,164$1,810$896
17 years$3,367$2,818$2,346$1,944$1,605$753
18 years$3,147$2,604$2,142$1,752$1,427$634
19 years$2,950$2,413$1,961$1,583$1,272$535
20 years$2,773$2,243$1,800$1,434$1,136$451
21 years$2,613$2,089$1,655$1,302$1,017$381
22 years$2,468$1,950$1,526$1,183$911$323
23 years$2,336$1,824$1,409$1,078$818$273
24 years$2,215$1,709$1,303$983$735$231
25 years$2,104$1,604$1,207$898$662$196
26 years$2,001$1,507$1,119$821$596$166
27 years$1,907$1,418$1,039$751$537$141
28 years$1,819$1,337$966$688$485$120
29 years$1,737$1,261$899$631$438$102
30 years$1,661$1,191$837$579$396$86
31 years$1,590$1,126$781$532$358$73
32 years$1,524$1,065$728$489$324$62
33 years$1,461$1,009$680$450$293$53
34 years$1,403$956$635$414$265$45
35 years$1,348$907$594$381$240$38
36 years$1,296$861$556$351$218$33
37 years$1,247$817$520$323$197$28
38 years$1,201$777$487$298$179$23
39 years$1,157$739$456$275$162$20
40 years$1,116$703$428$253$147$17
41 years$1,076$669$401$234$133$14
42 years$1,039$637$376$216$121$12
43 years$1,003$607$353$199$110$10
44 years$970$579$331$184$100$9
45 years$937$552$311$170$91$8
46 years$907$526$292$157$82$6
47 years$877$502$275$145$75$5
48 years$849$480$258$134$68$5
49 years$822$458$243$124$62$4
50 years$797$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 $816,000, adding $2,589 every year, while hoping to spend $47,011 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: 63/11/26 Blend
50$816,000$816,000$816,000$816,000
51$901,903$858,655$846,007$952,356
52$943,877$850,709$824,328$978,884
53$988,558$840,799$800,348$1,002,441
54$1,036,171$828,778$773,940$1,027,140
55$1,086,963$814,492$744,970$1,053,102
56$1,141,208$797,776$713,301$1,080,458
57$1,199,201$778,457$678,787$1,109,357
58$1,261,270$756,352$641,277$1,139,964
59$1,327,773$731,266$600,612$1,172,461
60$1,399,100$702,993$556,628$1,207,052
61$1,475,684$671,315$509,151$1,243,967
62$1,557,997$636,003$458,000$1,283,457
63$1,646,557$596,811$402,987$1,325,804
64$1,741,934$553,483$343,915$1,371,321
65$1,844,753$505,746$280,578$1,420,356
66$1,955,702$453,311$212,762$1,473,295
67$2,075,535$395,875$140,241$1,530,566
68$2,205,082$333,116$62,782$1,592,647
69$2,345,256$264,693$0$1,660,064
70$2,497,057$190,249$0$1,738,920
71$2,661,589$109,403$0$1,843,295
72$2,840,062$21,755$0$1,956,548
73$3,033,810$0$0$2,079,554
74$3,244,299$0$0$2,222,131
75$3,473,140$0$0$2,380,053
76$3,722,107$0$0$2,551,918
77$3,993,152$0$0$2,739,079
78$4,288,423$0$0$2,943,028
79$4,610,282$0$0$3,165,403
80$4,961,331$0$0$3,408,009
81$5,344,431$0$0$3,672,833
82$5,762,735$0$0$3,962,060
83$6,219,711$0$0$4,278,099
84$6,719,178$0$0$4,623,599
85$7,265,340$0$0$5,001,477
86$7,862,825$0$0$5,414,947
87$8,516,731$0$0$5,867,545
88$9,232,670$0$0$6,363,167
89$10,016,823$0$0$6,906,101
90$10,875,996$0$0$7,501,073
91$11,817,684$0$0$8,153,284
92$12,850,143$0$0$8,868,464
93$13,982,466$0$0$9,652,925
94$15,224,665$0$0$10,513,616
95$16,587,773$0$0$11,458,195
96$18,083,939$0$0$12,495,095
97$19,726,546$0$0$13,633,606
98$21,530,338$0$0$14,883,962
99$23,511,554$0$0$16,257,435
100$25,688,086$0$0$17,766,444