Can I retire at age 51 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$67,715$67,112$66,523$65,949$65,388$64,042
2 years$33,522$32,898$32,293$31,706$31,137$29,787
3 years$22,126$21,499$20,896$20,314$19,755$18,442
4 years$16,429$15,804$15,207$14,635$14,089$12,825
5 years$13,012$12,391$11,801$11,241$10,710$9,498
6 years$10,735$10,118$9,537$8,990$8,475$7,316
7 years$9,108$8,497$7,925$7,391$6,892$5,787
8 years$7,889$7,283$6,721$6,200$5,718$4,665
9 years$6,942$6,342$5,789$5,281$4,815$3,815
10 years$6,184$5,590$5,047$4,552$4,103$3,154
11 years$5,565$4,976$4,443$3,962$3,529$2,630
12 years$5,049$4,466$3,943$3,475$3,058$2,208
13 years$4,613$4,036$3,523$3,068$2,666$1,864
14 years$4,239$3,669$3,165$2,723$2,337$1,581
15 years$3,916$3,352$2,858$2,429$2,058$1,346
16 years$3,633$3,075$2,591$2,175$1,819$1,149
17 years$3,384$2,832$2,358$1,954$1,613$984
18 years$3,162$2,617$2,152$1,761$1,434$844
19 years$2,965$2,425$1,970$1,591$1,278$726
20 years$2,787$2,254$1,808$1,441$1,142$625
21 years$2,626$2,099$1,663$1,308$1,022$539
22 years$2,480$1,960$1,533$1,189$916$465
23 years$2,348$1,833$1,416$1,083$822$402
24 years$2,226$1,717$1,309$988$739$348
25 years$2,114$1,611$1,212$902$665$301
26 years$2,011$1,515$1,125$825$599$261
27 years$1,916$1,425$1,044$755$540$226
28 years$1,828$1,343$971$692$487$196
29 years$1,746$1,267$903$634$440$170
30 years$1,669$1,197$841$582$398$147
31 years$1,598$1,131$784$535$359$128
32 years$1,531$1,070$732$491$325$111
33 years$1,468$1,014$683$452$294$96
34 years$1,410$961$639$416$266$84
35 years$1,354$911$597$383$241$73
36 years$1,302$865$558$352$219$63
37 years$1,253$821$523$325$198$55
38 years$1,207$781$489$299$180$48
39 years$1,163$742$459$276$163$41
40 years$1,121$706$430$255$148$36
41 years$1,082$672$403$235$134$31
42 years$1,044$640$378$217$122$27
43 years$1,008$610$355$200$110$24
44 years$974$581$333$185$100$21
45 years$942$555$313$171$91$18
46 years$911$529$294$158$83$16
47 years$882$505$276$146$75$14
48 years$853$482$259$135$68$12
49 years$826$460$244$124$62$10
50 years$801$440$229$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $820,000, adding $2,271 every year, while hoping to spend $28,897 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: 42/34/24 Blend
50$820,000$820,000$820,000$820,000
51$905,983$862,523$849,813$937,582
52$967,647$874,040$847,535$971,900
53$1,034,632$885,153$844,213$1,006,108
54$1,107,451$895,812$839,780$1,042,581
55$1,186,666$905,963$834,169$1,081,544
56$1,272,899$915,548$827,306$1,123,244
57$1,366,831$924,506$819,117$1,167,957
58$1,469,214$932,772$809,523$1,215,989
59$1,580,872$940,277$798,441$1,267,676
60$1,702,717$946,946$785,785$1,323,391
61$1,835,748$952,701$771,463$1,383,547
62$1,981,069$957,457$755,381$1,448,601
63$2,139,891$961,126$737,439$1,519,058
64$2,313,551$963,612$717,535$1,595,476
65$2,503,519$964,815$695,558$1,678,474
66$2,711,414$964,627$671,395$1,768,734
67$2,939,020$962,935$644,929$1,867,011
68$3,188,299$959,618$616,033$1,974,141
69$3,461,414$954,548$584,578$2,091,047
70$3,760,746$947,588$550,429$2,218,748
71$4,088,917$938,595$513,443$2,358,371
72$4,448,815$927,415$473,473$2,511,163
73$4,843,622$913,887$430,362$2,678,499
74$5,276,842$897,837$383,950$2,861,900
75$5,752,334$879,086$334,066$3,063,045
76$6,274,350$857,439$280,535$3,283,790
77$6,847,573$832,693$223,172$3,526,184
78$7,477,162$804,631$161,785$3,792,489
79$8,168,799$773,025$96,172$4,085,206
80$8,928,746$737,632$26,123$4,407,093
81$9,763,900$698,197$0$4,761,197
82$10,681,858$654,450$0$5,163,336
83$11,690,993$606,103$0$5,612,717
84$12,800,526$552,854$0$6,106,804
85$14,020,619$494,383$0$6,650,186
86$15,362,465$430,351$0$7,247,922
87$16,838,401$360,402$0$7,905,594
88$18,462,014$284,158$0$8,629,356
89$20,248,277$201,220$0$9,425,996
90$22,213,688$111,166$0$10,302,998
91$24,376,424$13,553$0$11,268,616
92$26,756,513$0$0$12,331,952
93$29,376,022$0$0$13,537,496
94$32,259,267$0$0$14,870,121
95$35,433,040$0$0$16,337,156
96$38,926,862$0$0$17,952,263
97$42,773,263$0$0$19,730,495
98$47,008,087$0$0$21,688,440
99$51,670,830$0$0$23,844,377
100$56,805,011$0$0$26,218,447