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%15%
1 years$67,797$67,194$66,604$66,029$65,468$64,120
2 years$33,563$32,938$32,332$31,745$31,175$29,823
3 years$22,153$21,525$20,921$20,339$19,779$18,465
4 years$16,449$15,823$15,225$14,653$14,106$12,841
5 years$13,028$12,406$11,815$11,255$10,723$9,510
6 years$10,748$10,130$9,549$9,001$8,485$7,325
7 years$9,120$8,507$7,935$7,400$6,901$5,794
8 years$7,899$7,292$6,729$6,208$5,725$4,671
9 years$6,950$6,349$5,796$5,288$4,821$3,820
10 years$6,192$5,597$5,053$4,558$4,108$3,158
11 years$5,571$4,982$4,449$3,967$3,533$2,633
12 years$5,055$4,472$3,948$3,479$3,061$2,211
13 years$4,618$4,041$3,527$3,072$2,670$1,867
14 years$4,244$3,673$3,169$2,727$2,340$1,583
15 years$3,920$3,356$2,862$2,432$2,061$1,348
16 years$3,637$3,079$2,594$2,177$1,821$1,151
17 years$3,388$2,835$2,361$1,956$1,615$985
18 years$3,166$2,620$2,155$1,763$1,436$846
19 years$2,968$2,428$1,973$1,593$1,280$727
20 years$2,790$2,256$1,811$1,443$1,143$626
21 years$2,630$2,102$1,665$1,310$1,023$540
22 years$2,484$1,962$1,535$1,191$917$466
23 years$2,350$1,835$1,417$1,084$823$403
24 years$2,229$1,719$1,311$989$740$348
25 years$2,117$1,613$1,214$903$666$301
26 years$2,014$1,516$1,126$826$600$261
27 years$1,918$1,427$1,045$756$541$226
28 years$1,830$1,345$972$693$488$196
29 years$1,748$1,269$904$635$440$170
30 years$1,671$1,198$842$583$398$147
31 years$1,600$1,133$785$535$360$128
32 years$1,533$1,072$733$492$325$111
33 years$1,470$1,015$684$452$295$96
34 years$1,411$962$639$416$267$84
35 years$1,356$912$598$383$242$73
36 years$1,304$866$559$353$219$63
37 years$1,255$822$523$325$198$55
38 years$1,208$782$490$300$180$48
39 years$1,164$743$459$276$163$41
40 years$1,122$707$430$255$148$36
41 years$1,083$673$404$235$134$31
42 years$1,045$641$379$217$122$27
43 years$1,009$611$355$200$111$24
44 years$975$582$333$185$100$21
45 years$943$555$313$171$91$18
46 years$912$530$294$158$83$16
47 years$883$505$276$146$75$14
48 years$854$482$260$135$68$12
49 years$827$461$244$125$62$10
50 years$802$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 $821,000, adding $4,774 every year, while hoping to spend $23,519 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: 65/26/9 Blend
50$821,000$821,000$821,000$821,000
51$909,666$866,153$853,428$966,806
52$977,428$883,571$856,994$1,022,884
53$1,051,314$901,054$859,891$1,080,910
54$1,131,922$918,580$862,072$1,143,700
55$1,219,914$936,126$863,487$1,211,714
56$1,316,016$953,667$864,085$1,285,463
57$1,421,029$971,175$863,810$1,365,506
58$1,535,831$988,621$862,605$1,452,461
59$1,661,395$1,005,972$860,411$1,547,008
60$1,798,786$1,023,193$857,164$1,649,897
61$1,949,181$1,040,249$852,798$1,761,953
62$2,113,874$1,057,098$847,243$1,884,087
63$2,294,291$1,073,697$840,428$2,017,302
64$2,492,002$1,090,002$832,276$2,162,702
65$2,708,736$1,105,961$822,706$2,321,505
66$2,946,397$1,121,523$811,637$2,495,053
67$3,207,083$1,136,631$798,980$2,684,825
68$3,493,103$1,151,224$784,643$2,892,450
69$3,807,002$1,165,237$768,532$3,119,726
70$4,151,584$1,178,601$750,545$3,368,632
71$4,529,936$1,191,242$730,579$3,641,349
72$4,945,458$1,203,082$708,522$3,940,282
73$5,401,898$1,214,037$684,261$4,268,081
74$5,903,383$1,224,016$657,675$4,627,668
75$6,454,460$1,232,925$628,639$5,022,261
76$7,060,138$1,240,661$597,022$5,455,409
77$7,725,937$1,247,117$562,686$5,931,024
78$8,457,934$1,252,179$525,488$6,453,415
79$9,262,831$1,255,722$485,279$7,027,333
80$10,148,005$1,257,618$441,901$7,658,016
81$11,121,589$1,257,729$395,192$8,351,233
82$12,192,541$1,255,907$344,981$9,113,348
83$13,370,731$1,251,998$291,089$9,951,370
84$14,667,034$1,245,835$233,330$10,873,028
85$16,093,435$1,237,243$171,509$11,886,840
86$17,663,134$1,226,037$105,423$13,002,192
87$19,390,680$1,212,020$34,862$14,229,433
88$21,292,102$1,194,981$0$15,579,965
89$23,385,061$1,174,700$0$17,070,243
90$25,689,019$1,150,942$0$18,714,061
91$28,225,420$1,123,459$0$20,523,361
92$31,017,890$1,091,986$0$22,514,995
93$34,092,468$1,056,246$0$24,707,537
94$37,477,841$1,015,943$0$27,121,457
95$41,205,622$970,766$0$29,779,313
96$45,310,646$920,384$0$32,705,967
97$49,831,296$864,447$0$35,928,819
98$54,809,871$802,587$0$39,478,066
99$60,292,977$734,413$0$43,386,985
100$66,331,973$659,513$0$47,692,253