Can I retire at age 51 with 820,000?

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 $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%15.5%
1 years$67,715$67,112$66,523$65,949$65,388$63,911
2 years$33,522$32,898$32,293$31,706$31,137$29,657
3 years$22,126$21,499$20,896$20,314$19,755$18,318
4 years$16,429$15,804$15,207$14,635$14,089$12,706
5 years$13,012$12,391$11,801$11,241$10,710$9,386
6 years$10,735$10,118$9,537$8,990$8,475$7,209
7 years$9,108$8,497$7,925$7,391$6,892$5,687
8 years$7,889$7,283$6,721$6,200$5,718$4,571
9 years$6,942$6,342$5,789$5,281$4,815$3,727
10 years$6,184$5,590$5,047$4,552$4,103$3,072
11 years$5,565$4,976$4,443$3,962$3,529$2,553
12 years$5,049$4,466$3,943$3,475$3,058$2,137
13 years$4,613$4,036$3,523$3,068$2,666$1,798
14 years$4,239$3,669$3,165$2,723$2,337$1,520
15 years$3,916$3,352$2,858$2,429$2,058$1,289
16 years$3,633$3,075$2,591$2,175$1,819$1,097
17 years$3,384$2,832$2,358$1,954$1,613$936
18 years$3,162$2,617$2,152$1,761$1,434$800
19 years$2,965$2,425$1,970$1,591$1,278$685
20 years$2,787$2,254$1,808$1,441$1,142$588
21 years$2,626$2,099$1,663$1,308$1,022$505
22 years$2,480$1,960$1,533$1,189$916$434
23 years$2,348$1,833$1,416$1,083$822$374
24 years$2,226$1,717$1,309$988$739$322
25 years$2,114$1,611$1,212$902$665$278
26 years$2,011$1,515$1,125$825$599$239
27 years$1,916$1,425$1,044$755$540$207
28 years$1,828$1,343$971$692$487$178
29 years$1,746$1,267$903$634$440$154
30 years$1,669$1,197$841$582$398$133
31 years$1,598$1,131$784$535$359$115
32 years$1,531$1,070$732$491$325$99
33 years$1,468$1,014$683$452$294$86
34 years$1,410$961$639$416$266$74
35 years$1,354$911$597$383$241$64
36 years$1,302$865$558$352$219$56
37 years$1,253$821$523$325$198$48
38 years$1,207$781$489$299$180$42
39 years$1,163$742$459$276$163$36
40 years$1,121$706$430$255$148$31
41 years$1,082$672$403$235$134$27
42 years$1,044$640$378$217$122$23
43 years$1,008$610$355$200$110$20
44 years$974$581$333$185$100$18
45 years$942$555$313$171$91$15
46 years$911$529$294$158$83$13
47 years$882$505$276$146$75$11
48 years$853$482$259$135$68$10
49 years$826$460$244$124$62$9
50 years$801$440$229$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $820,000, adding $2,454 every year, while hoping to spend $45,906 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: 37/33/30 Blend
50$820,000$820,000$820,000$820,000
51$906,171$862,711$850,001$931,508
52$949,757$856,141$829,633$943,976
53$996,250$847,709$807,043$953,109
54$1,045,898$837,278$782,110$962,112
55$1,098,974$824,698$754,704$971,006
56$1,155,774$809,813$724,692$979,816
57$1,216,627$792,458$691,933$988,574
58$1,281,889$772,455$656,279$997,320
59$1,351,955$749,618$617,578$1,006,103
60$1,427,257$723,752$575,668$1,014,980
61$1,508,267$694,645$530,383$1,024,021
62$1,595,506$662,079$481,547$1,033,307
63$1,689,546$625,819$428,977$1,042,933
64$1,791,013$585,618$372,482$1,053,011
65$1,900,598$541,215$311,861$1,063,670
66$2,019,058$492,333$246,908$1,075,058
67$2,147,226$438,681$177,403$1,087,346
68$2,286,017$379,951$103,120$1,100,731
69$2,436,437$315,815$23,821$1,115,437
70$2,599,594$245,930$0$1,131,719
71$2,776,704$169,932$0$1,169,330
72$2,969,105$87,436$0$1,218,540
73$3,178,270$0$0$1,272,174
74$3,405,820$0$0$1,331,456
75$3,653,535$0$0$1,430,657
76$3,923,378$0$0$1,538,823
77$4,217,505$0$0$1,656,832
78$4,538,293$0$0$1,785,652
79$4,888,356$0$0$1,926,345
80$5,270,570$0$0$2,080,084
81$5,688,103$0$0$2,248,158
82$6,144,443$0$0$2,431,986
83$6,643,428$0$0$2,633,131
84$7,189,285$0$0$2,853,316
85$7,786,670$0$0$3,094,435
86$8,440,705$0$0$3,358,576
87$9,157,036$0$0$3,648,037
88$9,941,878$0$0$3,965,350
89$10,802,074$0$0$4,313,303
90$11,745,163$0$0$4,694,968
91$12,779,447$0$0$5,113,725
92$13,914,071$0$0$5,573,303
93$15,159,107$0$0$6,077,803
94$16,525,649$0$0$6,631,747
95$18,025,919$0$0$7,240,115
96$19,673,377$0$0$7,908,391
97$21,482,854$0$0$8,642,621
98$23,470,686$0$0$9,449,460
99$25,654,869$0$0$10,336,244
100$28,055,228$0$0$11,311,052