Can I retire at age 51 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$67,550$66,948$66,361$65,788$65,228$64,872
2 years$33,440$32,818$32,214$31,629$31,061$30,701
3 years$22,072$21,447$20,845$20,265$19,706$19,354
4 years$16,389$15,766$15,170$14,600$14,055$13,713
5 years$12,980$12,360$11,772$11,214$10,684$10,355
6 years$10,708$10,093$9,514$8,968$8,454$8,136
7 years$9,086$8,476$7,906$7,373$6,875$6,570
8 years$7,870$7,266$6,705$6,185$5,704$5,411
9 years$6,925$6,326$5,775$5,268$4,803$4,522
10 years$6,169$5,576$5,035$4,541$4,093$3,824
11 years$5,551$4,964$4,432$3,952$3,520$3,263
12 years$5,036$4,456$3,934$3,467$3,050$2,805
13 years$4,601$4,027$3,514$3,061$2,660$2,426
14 years$4,229$3,660$3,158$2,717$2,332$2,109
15 years$3,906$3,343$2,851$2,423$2,053$1,841
16 years$3,624$3,068$2,585$2,169$1,814$1,613
17 years$3,375$2,825$2,352$1,949$1,609$1,417
18 years$3,155$2,611$2,147$1,757$1,430$1,249
19 years$2,957$2,419$1,966$1,587$1,275$1,103
20 years$2,780$2,248$1,804$1,438$1,139$976
21 years$2,620$2,094$1,659$1,305$1,019$865
22 years$2,474$1,955$1,529$1,186$914$768
23 years$2,342$1,828$1,412$1,080$820$683
24 years$2,220$1,713$1,306$985$737$608
25 years$2,109$1,608$1,210$900$663$542
26 years$2,006$1,511$1,122$823$597$483
27 years$1,911$1,422$1,042$753$539$431
28 years$1,823$1,340$968$690$486$385
29 years$1,741$1,264$901$633$439$344
30 years$1,665$1,194$839$581$397$308
31 years$1,594$1,128$783$533$359$275
32 years$1,527$1,068$730$490$324$246
33 years$1,465$1,011$682$451$293$221
34 years$1,406$958$637$415$266$198
35 years$1,351$909$596$382$241$177
36 years$1,299$863$557$352$218$159
37 years$1,250$819$521$324$198$142
38 years$1,204$779$488$299$179$128
39 years$1,160$741$457$275$162$114
40 years$1,118$705$429$254$147$103
41 years$1,079$671$402$234$134$92
42 years$1,041$639$377$216$121$83
43 years$1,006$609$354$200$110$74
44 years$972$580$332$184$100$67
45 years$940$553$312$170$91$60
46 years$909$528$293$157$82$54
47 years$879$504$275$145$75$48
48 years$851$481$259$134$68$43
49 years$824$459$243$124$62$39
50 years$799$439$229$115$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $818,000, adding $5,785 every year, while hoping to spend $55,114 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: 80/8/12 Blend
50$818,000$818,000$818,000$818,000
51$907,403$864,049$851,370$977,530
52$941,317$847,747$821,250$1,008,111
53$976,844$828,798$788,274$1,033,916
54$1,014,088$807,016$752,288$1,060,631
55$1,053,167$782,201$713,131$1,088,319
56$1,094,204$754,143$670,634$1,117,054
57$1,137,335$722,618$624,623$1,146,914
58$1,182,709$687,392$574,914$1,177,988
59$1,230,486$648,215$521,314$1,210,372
60$1,280,841$604,823$463,624$1,244,174
61$1,333,965$556,938$401,634$1,279,514
62$1,390,066$504,264$335,125$1,316,522
63$1,449,370$446,491$263,869$1,355,345
64$1,512,125$383,288$187,628$1,396,143
65$1,578,601$314,308$106,152$1,439,095
66$1,649,093$239,184$19,183$1,484,398
67$1,723,924$157,528$0$1,532,270
68$1,803,446$68,928$0$1,592,381
69$1,888,045$0$0$1,658,805
70$1,978,144$0$0$1,731,798
71$2,074,205$0$0$1,816,103
72$2,176,734$0$0$1,906,098
73$2,286,286$0$0$2,002,273
74$2,403,470$0$0$2,105,163
75$2,528,952$0$0$2,215,355
76$2,663,463$0$0$2,333,494
77$2,807,806$0$0$2,460,286
78$2,962,861$0$0$2,596,508
79$3,129,595$0$0$2,743,010
80$3,309,068$0$0$2,900,728
81$3,502,445$0$0$3,070,688
82$3,711,006$0$0$3,254,018
83$3,936,156$0$0$3,451,956
84$4,179,441$0$0$3,665,864
85$4,442,557$0$0$3,897,237
86$4,727,371$0$0$4,147,720
87$5,035,933$0$0$4,419,121
88$5,370,499$0$0$4,713,427
89$5,733,550$0$0$5,032,824
90$6,127,812$0$0$5,379,717
91$6,556,287$0$0$5,756,749
92$7,022,274$0$0$6,166,830
93$7,529,405$0$0$6,613,161
94$8,081,675$0$0$7,099,263
95$8,683,482$0$0$7,629,011
96$9,339,663$0$0$8,206,670
97$10,055,545$0$0$8,836,935
98$10,836,988$0$0$9,524,973
99$11,690,446$0$0$10,276,470
100$12,623,021$0$0$11,097,689