Can I retire at age 51 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$67,880$67,275$66,685$66,110$65,547$64,971
2 years$33,604$32,978$32,372$31,783$31,213$30,632
3 years$22,180$21,552$20,947$20,364$19,803$19,236
4 years$16,469$15,843$15,244$14,671$14,124$13,574
5 years$13,044$12,421$11,830$11,269$10,737$10,207
6 years$10,761$10,143$9,560$9,012$8,495$7,986
7 years$9,131$8,518$7,945$7,409$6,909$6,420
8 years$7,909$7,301$6,738$6,215$5,732$5,263
9 years$6,959$6,357$5,803$5,294$4,827$4,379
10 years$6,199$5,603$5,059$4,564$4,113$3,684
11 years$5,578$4,988$4,454$3,972$3,537$3,128
12 years$5,061$4,477$3,953$3,484$3,065$2,676
13 years$4,624$4,046$3,532$3,076$2,673$2,302
14 years$4,249$3,678$3,173$2,730$2,343$1,991
15 years$3,925$3,360$2,865$2,435$2,063$1,729
16 years$3,642$3,083$2,598$2,180$1,823$1,506
17 years$3,392$2,839$2,364$1,959$1,617$1,317
18 years$3,170$2,623$2,158$1,765$1,437$1,154
19 years$2,972$2,431$1,975$1,595$1,281$1,013
20 years$2,794$2,259$1,813$1,445$1,144$891
21 years$2,633$2,104$1,667$1,311$1,024$786
22 years$2,487$1,964$1,537$1,192$918$693
23 years$2,353$1,837$1,419$1,086$824$613
24 years$2,231$1,721$1,312$990$741$542
25 years$2,119$1,615$1,215$904$666$480
26 years$2,016$1,518$1,127$827$600$425
27 years$1,921$1,429$1,047$757$541$377
28 years$1,832$1,346$973$693$488$335
29 years$1,750$1,270$906$636$441$297
30 years$1,673$1,200$843$584$398$264
31 years$1,602$1,134$786$536$360$235
32 years$1,535$1,073$734$493$326$209
33 years$1,472$1,016$685$453$295$186
34 years$1,413$963$640$417$267$165
35 years$1,358$913$598$384$242$147
36 years$1,306$867$560$353$219$131
37 years$1,256$823$524$326$199$117
38 years$1,210$783$491$300$180$104
39 years$1,166$744$460$277$163$92
40 years$1,124$708$431$255$148$82
41 years$1,084$674$404$235$134$73
42 years$1,047$642$379$217$122$65
43 years$1,011$612$356$201$111$58
44 years$977$583$334$185$100$52
45 years$944$556$313$171$91$46
46 years$913$530$294$158$83$41
47 years$884$506$277$146$75$37
48 years$855$483$260$135$68$33
49 years$828$461$244$125$62$29
50 years$803$441$230$115$56$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $822,000, adding $2,919 every year, while hoping to spend $45,549 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: 51/34/15 Blend
50$822,000$822,000$822,000$822,000
51$908,855$865,289$852,548$951,353
52$953,094$859,224$832,645$974,762
53$1,000,320$851,336$810,548$995,177
54$1,050,787$841,486$786,136$1,016,359
55$1,104,778$829,530$759,282$1,038,395
56$1,162,601$815,312$729,853$1,061,383
57$1,224,593$798,669$697,710$1,085,433
58$1,291,125$779,428$662,708$1,110,668
59$1,362,606$757,405$624,694$1,137,229
60$1,439,480$732,407$583,510$1,165,273
61$1,522,239$704,227$538,989$1,194,977
62$1,611,421$672,648$490,960$1,226,539
63$1,707,619$637,440$439,239$1,260,182
64$1,811,481$598,360$383,638$1,296,155
65$1,923,722$555,149$323,960$1,334,737
66$2,045,127$507,537$259,998$1,376,241
67$2,176,558$455,235$191,537$1,421,014
68$2,318,965$397,939$118,351$1,469,448
69$2,473,390$335,329$40,206$1,521,978
70$2,640,979$267,064$0$1,579,088
71$2,822,995$192,786$0$1,648,234
72$3,020,825$112,116$0$1,730,423
73$3,235,994$24,655$0$1,819,928
74$3,470,183$0$0$1,917,542
75$3,725,239$0$0$2,050,341
76$4,003,194$0$0$2,205,193
77$4,306,288$0$0$2,374,131
78$4,636,983$0$0$2,558,536
79$4,997,989$0$0$2,759,931
80$5,392,291$0$0$2,979,992
81$5,823,173$0$0$3,220,563
82$6,294,253$0$0$3,483,676
83$6,809,512$0$0$3,771,566
84$7,373,335$0$0$4,086,697
85$7,990,550$0$0$4,431,780
86$8,666,472$0$0$4,809,801
87$9,406,956$0$0$5,224,049
88$10,218,449$0$0$5,678,144
89$11,108,052$0$0$6,176,077
90$12,083,585$0$0$6,722,240
91$13,153,661$0$0$7,321,471
92$14,327,768$0$0$7,979,102
93$15,616,356$0$0$8,701,002
94$17,030,935$0$0$9,493,639
95$18,584,185$0$0$10,364,137
96$20,290,074$0$0$11,320,343
97$22,163,988$0$0$12,370,903
98$24,222,877$0$0$13,525,340
99$26,485,415$0$0$14,794,147
100$28,972,174$0$0$16,188,883