Can I retire at age 51 with 817,000?

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 $817,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$67,467$66,866$66,280$65,708$65,149$62,613
2 years$33,400$32,778$32,175$31,590$31,023$28,499
3 years$22,045$21,420$20,819$20,240$19,682$17,250
4 years$16,369$15,746$15,151$14,582$14,038$11,715
5 years$12,964$12,345$11,758$11,200$10,671$8,464
6 years$10,695$10,081$9,502$8,957$8,444$6,353
7 years$9,075$8,466$7,896$7,364$6,867$4,893
8 years$7,861$7,257$6,697$6,177$5,697$3,837
9 years$6,916$6,318$5,768$5,262$4,798$3,050
10 years$6,162$5,569$5,029$4,536$4,088$2,448
11 years$5,544$4,958$4,427$3,947$3,516$1,980
12 years$5,030$4,450$3,929$3,462$3,047$1,612
13 years$4,596$4,022$3,510$3,057$2,657$1,318
14 years$4,224$3,656$3,154$2,714$2,329$1,082
15 years$3,901$3,339$2,848$2,420$2,050$891
16 years$3,620$3,064$2,582$2,167$1,812$736
17 years$3,371$2,822$2,349$1,947$1,607$609
18 years$3,151$2,607$2,145$1,755$1,429$504
19 years$2,954$2,416$1,963$1,585$1,273$419
20 years$2,777$2,245$1,802$1,436$1,137$348
21 years$2,617$2,092$1,657$1,303$1,018$289
22 years$2,471$1,952$1,527$1,185$912$241
23 years$2,339$1,826$1,410$1,079$819$200
24 years$2,218$1,711$1,304$984$736$167
25 years$2,106$1,606$1,208$899$662$139
26 years$2,004$1,509$1,120$822$597$116
27 years$1,909$1,420$1,040$752$538$97
28 years$1,821$1,338$967$689$485$81
29 years$1,739$1,262$900$632$438$67
30 years$1,663$1,192$838$580$396$56
31 years$1,592$1,127$782$533$358$47
32 years$1,525$1,066$729$490$324$39
33 years$1,463$1,010$681$450$293$33
34 years$1,405$957$636$414$265$27
35 years$1,349$908$595$381$240$23
36 years$1,298$862$556$351$218$19
37 years$1,249$818$521$324$197$16
38 years$1,202$778$488$298$179$13
39 years$1,158$740$457$275$162$11
40 years$1,117$704$428$254$147$9
41 years$1,078$670$402$234$134$8
42 years$1,040$638$377$216$121$6
43 years$1,005$608$353$199$110$5
44 years$971$579$332$184$100$5
45 years$938$552$312$170$91$4
46 years$908$527$293$157$82$3
47 years$878$503$275$145$75$3
48 years$850$480$258$134$68$2
49 years$823$459$243$124$62$2
50 years$798$438$228$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $817,000, adding $5,798 every year, while hoping to spend $50,188 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: 50/28/22 Blend
50$817,000$817,000$817,000$817,000
51$906,315$863,014$850,350$945,777
52$945,359$851,902$825,437$962,643
53$986,704$838,563$798,008$975,390
54$1,030,531$822,836$767,924$988,205
55$1,077,039$804,548$735,043$1,001,112
56$1,126,444$783,519$699,214$1,014,144
57$1,178,984$759,554$660,281$1,027,340
58$1,234,920$732,451$618,079$1,040,746
59$1,294,534$701,994$572,438$1,054,416
60$1,358,139$667,954$523,177$1,068,415
61$1,426,077$630,091$470,111$1,082,817
62$1,498,720$588,149$413,043$1,097,709
63$1,576,479$541,858$351,769$1,113,191
64$1,659,803$490,933$286,077$1,129,379
65$1,749,186$435,072$215,744$1,146,406
66$1,845,169$373,956$140,537$1,164,423
67$1,948,345$307,249$60,214$1,183,604
68$2,059,367$234,594$0$1,204,147
69$2,178,951$155,617$0$1,232,261
70$2,307,881$69,921$0$1,277,689
71$2,447,024$0$0$1,326,632
72$2,597,326$0$0$1,386,544
73$2,759,831$0$0$1,474,680
74$2,935,686$0$0$1,570,127
75$3,126,150$0$0$1,673,579
76$3,332,609$0$0$1,785,796
77$3,556,585$0$0$1,907,617
78$3,799,755$0$0$2,039,964
79$4,063,961$0$0$2,183,850
80$4,351,229$0$0$2,340,390
81$4,663,790$0$0$2,510,811
82$5,004,098$0$0$2,696,464
83$5,374,852$0$0$2,898,834
84$5,779,024$0$0$3,119,557
85$6,219,882$0$0$3,360,433
86$6,701,028$0$0$3,623,443
87$7,226,422$0$0$3,910,767
88$7,800,426$0$0$4,224,807
89$8,427,841$0$0$4,568,206
90$9,113,953$0$0$4,943,874
91$9,864,582$0$0$5,355,016
92$10,686,137$0$0$5,805,162
93$11,585,675$0$0$6,298,196
94$12,570,966$0$0$6,838,398
95$13,650,569$0$0$7,430,480
96$14,833,909$0$0$8,079,635
97$16,131,365$0$0$8,791,577
98$17,554,371$0$0$9,572,603
99$19,115,517$0$0$10,429,650
100$20,828,674$0$0$11,370,355