Can I retire at age 51 with 821,000?

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 $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%16%
1 years$67,797$67,194$66,604$66,029$65,468$63,859
2 years$33,563$32,938$32,332$31,745$31,175$29,564
3 years$22,153$21,525$20,921$20,339$19,779$18,216
4 years$16,449$15,823$15,225$14,653$14,106$12,604
5 years$13,028$12,406$11,815$11,255$10,723$9,286
6 years$10,748$10,130$9,549$9,001$8,485$7,113
7 years$9,120$8,507$7,935$7,400$6,901$5,595
8 years$7,899$7,292$6,729$6,208$5,725$4,484
9 years$6,950$6,349$5,796$5,288$4,821$3,645
10 years$6,192$5,597$5,053$4,558$4,108$2,995
11 years$5,571$4,982$4,449$3,967$3,533$2,482
12 years$5,055$4,472$3,948$3,479$3,061$2,070
13 years$4,618$4,041$3,527$3,072$2,670$1,736
14 years$4,244$3,673$3,169$2,727$2,340$1,462
15 years$3,920$3,356$2,862$2,432$2,061$1,236
16 years$3,637$3,079$2,594$2,177$1,821$1,048
17 years$3,388$2,835$2,361$1,956$1,615$891
18 years$3,166$2,620$2,155$1,763$1,436$759
19 years$2,968$2,428$1,973$1,593$1,280$648
20 years$2,790$2,256$1,811$1,443$1,143$553
21 years$2,630$2,102$1,665$1,310$1,023$474
22 years$2,484$1,962$1,535$1,191$917$406
23 years$2,350$1,835$1,417$1,084$823$348
24 years$2,229$1,719$1,311$989$740$298
25 years$2,117$1,613$1,214$903$666$256
26 years$2,014$1,516$1,126$826$600$220
27 years$1,918$1,427$1,045$756$541$189
28 years$1,830$1,345$972$693$488$163
29 years$1,748$1,269$904$635$440$140
30 years$1,671$1,198$842$583$398$120
31 years$1,600$1,133$785$535$360$104
32 years$1,533$1,072$733$492$325$89
33 years$1,470$1,015$684$452$295$77
34 years$1,411$962$639$416$267$66
35 years$1,356$912$598$383$242$57
36 years$1,304$866$559$353$219$49
37 years$1,255$822$523$325$198$42
38 years$1,208$782$490$300$180$36
39 years$1,164$743$459$276$163$31
40 years$1,122$707$430$255$148$27
41 years$1,083$673$404$235$134$23
42 years$1,045$641$379$217$122$20
43 years$1,009$611$355$200$111$17
44 years$975$582$333$185$100$15
45 years$943$555$313$171$91$13
46 years$912$530$294$158$83$11
47 years$883$505$276$146$75$10
48 years$854$482$260$135$68$8
49 years$827$461$244$125$62$7
50 years$802$440$229$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $821,000, adding $4,250 every year, while hoping to spend $26,001 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: 45/40/15 Blend
50$821,000$821,000$821,000$821,000
51$909,126$865,613$852,887$945,956
52$974,192$880,363$853,794$986,813
53$1,045,023$894,965$853,860$1,028,136
54$1,122,180$909,383$853,029$1,072,383
55$1,206,280$923,580$851,243$1,119,834
56$1,298,002$937,517$848,441$1,170,799
57$1,398,093$951,149$844,558$1,225,623
58$1,507,375$964,433$839,528$1,284,681
59$1,626,755$977,317$833,280$1,348,393
60$1,757,229$989,750$825,739$1,417,220
61$1,899,894$1,001,676$816,829$1,491,669
62$2,055,959$1,013,034$806,469$1,572,302
63$2,226,754$1,023,760$794,573$1,659,740
64$2,413,744$1,033,786$781,053$1,754,666
65$2,618,543$1,043,039$765,815$1,857,835
66$2,842,928$1,051,441$748,763$1,970,081
67$3,088,855$1,058,909$729,795$2,092,324
68$3,358,478$1,065,356$708,803$2,225,579
69$3,654,172$1,070,687$685,677$2,370,967
70$3,978,549$1,074,803$660,299$2,529,723
71$4,334,491$1,077,598$632,549$2,703,212
72$4,725,168$1,078,959$602,298$2,892,941
73$5,154,073$1,078,766$569,413$3,100,570
74$5,625,055$1,076,892$533,755$3,327,934
75$6,142,353$1,073,203$495,178$3,577,056
76$6,710,637$1,067,554$453,531$3,850,166
77$7,335,052$1,059,794$408,654$4,149,730
78$8,021,265$1,049,761$360,382$4,478,463
79$8,775,520$1,037,285$308,540$4,839,364
80$9,604,695$1,022,185$252,949$5,235,740
81$10,516,370$1,004,267$193,418$5,671,239
82$11,518,893$983,330$129,751$6,149,886
83$12,621,464$959,157$61,742$6,676,121
84$13,834,219$931,521$0$7,254,841
85$15,168,323$900,179$0$7,893,181
86$16,636,080$864,877$0$8,606,024
87$18,251,048$825,343$0$9,390,087
88$20,028,162$781,291$0$10,252,656
89$21,983,879$732,420$0$11,201,765
90$24,136,335$678,409$0$12,246,272
91$26,505,510$618,919$0$13,395,945
92$29,113,419$553,593$0$14,661,549
93$31,984,322$482,053$0$16,054,957
94$35,144,949$403,900$0$17,589,257
95$38,624,754$318,712$0$19,278,876
96$42,456,192$226,042$0$21,139,722
97$46,675,026$125,420$0$23,189,333
98$51,320,662$16,350$0$25,447,041
99$56,436,524$0$0$27,934,159
100$62,070,461$0$0$30,718,944