Can I retire at age 51 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$67,797$67,194$66,604$66,029$65,468$64,811
2 years$33,563$32,938$32,332$31,745$31,175$30,514
3 years$22,153$21,525$20,921$20,339$19,779$19,133
4 years$16,449$15,823$15,225$14,653$14,106$13,481
5 years$13,028$12,406$11,815$11,255$10,723$10,121
6 years$10,748$10,130$9,549$9,001$8,485$7,906
7 years$9,120$8,507$7,935$7,400$6,901$6,345
8 years$7,899$7,292$6,729$6,208$5,725$5,193
9 years$6,950$6,349$5,796$5,288$4,821$4,313
10 years$6,192$5,597$5,053$4,558$4,108$3,622
11 years$5,571$4,982$4,449$3,967$3,533$3,070
12 years$5,055$4,472$3,948$3,479$3,061$2,621
13 years$4,618$4,041$3,527$3,072$2,670$2,251
14 years$4,244$3,673$3,169$2,727$2,340$1,943
15 years$3,920$3,356$2,862$2,432$2,061$1,683
16 years$3,637$3,079$2,594$2,177$1,821$1,464
17 years$3,388$2,835$2,361$1,956$1,615$1,277
18 years$3,166$2,620$2,155$1,763$1,436$1,116
19 years$2,968$2,428$1,973$1,593$1,280$978
20 years$2,790$2,256$1,811$1,443$1,143$859
21 years$2,630$2,102$1,665$1,310$1,023$755
22 years$2,484$1,962$1,535$1,191$917$665
23 years$2,350$1,835$1,417$1,084$823$586
24 years$2,229$1,719$1,311$989$740$517
25 years$2,117$1,613$1,214$903$666$457
26 years$2,014$1,516$1,126$826$600$404
27 years$1,918$1,427$1,045$756$541$358
28 years$1,830$1,345$972$693$488$317
29 years$1,748$1,269$904$635$440$280
30 years$1,671$1,198$842$583$398$248
31 years$1,600$1,133$785$535$360$220
32 years$1,533$1,072$733$492$325$195
33 years$1,470$1,015$684$452$295$173
34 years$1,411$962$639$416$267$154
35 years$1,356$912$598$383$242$137
36 years$1,304$866$559$353$219$121
37 years$1,255$822$523$325$198$108
38 years$1,208$782$490$300$180$96
39 years$1,164$743$459$276$163$85
40 years$1,122$707$430$255$148$76
41 years$1,083$673$404$235$134$67
42 years$1,045$641$379$217$122$60
43 years$1,009$611$355$200$111$53
44 years$975$582$333$185$100$47
45 years$943$555$313$171$91$42
46 years$912$530$294$158$83$37
47 years$883$505$276$146$75$33
48 years$854$482$260$135$68$30
49 years$827$461$244$125$62$26
50 years$802$440$229$115$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $821,000, adding $5,660 every year, while hoping to spend $53,561 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: 35/42/23 Blend
50$821,000$821,000$821,000$821,000
51$910,580$867,067$854,342$935,931
52$946,471$852,565$825,974$940,661
53$984,227$835,557$794,860$940,450
54$1,023,983$815,864$760,853$939,142
55$1,065,884$793,296$723,796$936,674
56$1,110,089$767,652$683,528$932,979
57$1,156,770$738,719$639,878$927,992
58$1,206,117$706,273$592,670$921,642
59$1,258,335$670,074$541,718$913,860
60$1,313,648$629,871$486,829$904,577
61$1,372,303$585,397$427,801$893,722
62$1,434,567$536,371$364,421$881,224
63$1,500,735$482,495$296,471$867,013
64$1,571,126$423,454$223,720$851,018
65$1,646,093$358,915$145,926$833,174
66$1,726,020$288,528$62,840$813,412
67$1,811,329$211,920$0$791,671
68$1,902,480$128,700$0$774,228
69$1,999,981$38,453$0$771,561
70$2,104,385$0$0$768,253
71$2,216,301$0$0$791,719
72$2,336,396$0$0$836,052
73$2,465,403$0$0$883,760
74$2,604,126$0$0$935,150
75$2,753,447$0$0$990,561
76$2,914,335$0$0$1,050,366
77$3,087,855$0$0$1,114,971
78$3,275,176$0$0$1,184,826
79$3,477,583$0$0$1,260,425
80$3,696,489$0$0$1,342,309
81$3,933,444$0$0$1,431,075
82$4,190,157$0$0$1,527,378
83$4,468,503$0$0$1,631,940
84$4,770,544$0$0$1,745,553
85$5,098,551$0$0$1,869,090
86$5,455,019$0$0$2,003,511
87$5,842,694$0$0$2,149,872
88$6,264,597$0$0$2,309,335
89$6,724,051$0$0$2,483,178
90$7,224,714$0$0$2,672,810
91$7,770,611$0$0$2,879,779
92$8,366,173$0$0$3,105,791
93$9,016,275$0$0$3,352,722
94$9,726,285$0$0$3,622,640
95$10,502,112$0$0$3,917,820
96$11,350,261$0$0$4,240,766
97$12,277,895$0$0$4,594,238
98$13,292,900$0$0$4,981,273
99$14,403,959$0$0$5,405,216
100$15,620,634$0$0$5,869,750