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%12.5%
1 years$67,880$67,275$66,685$66,110$65,547$64,863
2 years$33,604$32,978$32,372$31,783$31,213$30,524
3 years$22,180$21,552$20,947$20,364$19,803$19,130
4 years$16,469$15,843$15,244$14,671$14,124$13,473
5 years$13,044$12,421$11,830$11,269$10,737$10,109
6 years$10,761$10,143$9,560$9,012$8,495$7,893
7 years$9,131$8,518$7,945$7,409$6,909$6,331
8 years$7,909$7,301$6,738$6,215$5,732$5,178
9 years$6,959$6,357$5,803$5,294$4,827$4,298
10 years$6,199$5,603$5,059$4,564$4,113$3,608
11 years$5,578$4,988$4,454$3,972$3,537$3,056
12 years$5,061$4,477$3,953$3,484$3,065$2,607
13 years$4,624$4,046$3,532$3,076$2,673$2,237
14 years$4,249$3,678$3,173$2,730$2,343$1,930
15 years$3,925$3,360$2,865$2,435$2,063$1,671
16 years$3,642$3,083$2,598$2,180$1,823$1,452
17 years$3,392$2,839$2,364$1,959$1,617$1,266
18 years$3,170$2,623$2,158$1,765$1,437$1,106
19 years$2,972$2,431$1,975$1,595$1,281$968
20 years$2,794$2,259$1,813$1,445$1,144$849
21 years$2,633$2,104$1,667$1,311$1,024$746
22 years$2,487$1,964$1,537$1,192$918$657
23 years$2,353$1,837$1,419$1,086$824$579
24 years$2,231$1,721$1,312$990$741$510
25 years$2,119$1,615$1,215$904$666$450
26 years$2,016$1,518$1,127$827$600$398
27 years$1,921$1,429$1,047$757$541$352
28 years$1,832$1,346$973$693$488$311
29 years$1,750$1,270$906$636$441$275
30 years$1,673$1,200$843$584$398$244
31 years$1,602$1,134$786$536$360$216
32 years$1,535$1,073$734$493$326$191
33 years$1,472$1,016$685$453$295$170
34 years$1,413$963$640$417$267$151
35 years$1,358$913$598$384$242$134
36 years$1,306$867$560$353$219$118
37 years$1,256$823$524$326$199$105
38 years$1,210$783$491$300$180$93
39 years$1,166$744$460$277$163$83
40 years$1,124$708$431$255$148$74
41 years$1,084$674$404$235$134$65
42 years$1,047$642$379$217$122$58
43 years$1,011$612$356$201$111$52
44 years$977$583$334$185$100$46
45 years$944$556$313$171$91$41
46 years$913$530$294$158$83$36
47 years$884$506$277$146$75$32
48 years$855$483$260$135$68$29
49 years$828$461$244$125$62$25
50 years$803$441$230$115$56$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $822,000, adding $2,391 every year, while hoping to spend $36,225 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: 31/43/26 Blend
50$822,000$822,000$822,000$822,000
51$908,310$864,744$852,003$929,148
52$962,415$868,574$842,002$949,189
53$1,020,824$871,377$830,452$967,378
54$1,083,938$873,064$817,263$986,233
55$1,152,199$873,543$802,340$1,005,837
56$1,226,089$872,713$785,584$1,026,285
57$1,306,142$870,468$766,893$1,047,681
58$1,392,942$866,694$746,158$1,070,147
59$1,487,134$861,274$723,265$1,093,818
60$1,589,424$854,079$698,098$1,118,848
61$1,700,593$844,976$670,531$1,145,407
62$1,821,495$833,822$640,436$1,173,690
63$1,953,074$820,466$607,677$1,203,914
64$2,096,366$804,747$572,113$1,236,324
65$2,252,513$786,497$533,596$1,271,193
66$2,422,769$765,535$491,971$1,308,827
67$2,608,517$741,672$447,078$1,349,571
68$2,811,279$714,707$398,748$1,393,806
69$3,032,728$684,426$346,804$1,441,964
70$3,274,707$650,604$291,063$1,494,521
71$3,539,247$613,003$231,334$1,552,013
72$3,828,581$571,371$167,414$1,615,035
73$4,145,170$525,442$99,096$1,684,251
74$4,491,722$474,933$26,161$1,760,402
75$4,871,220$419,548$0$1,844,310
76$5,286,950$358,971$0$1,951,229
77$5,742,528$292,869$0$2,076,517
78$6,241,939$220,893$0$2,214,113
79$6,789,570$142,670$0$2,365,347
80$7,390,255$57,810$0$2,531,693
81$8,049,316$0$0$2,714,783
82$8,772,617$0$0$2,932,559
83$9,566,617$0$0$3,201,778
84$10,438,429$0$0$3,497,516
85$11,395,890$0$0$3,822,447
86$12,447,633$0$0$4,179,519
87$13,603,170$0$0$4,571,979
88$14,872,976$0$0$5,003,404
89$16,268,595$0$0$5,477,733
90$17,802,741$0$0$5,999,310
91$19,489,426$0$0$6,572,918
92$21,344,082$0$0$7,203,826
93$23,383,715$0$0$7,897,842
94$25,627,062$0$0$8,661,363
95$28,094,762$0$0$9,501,438
96$30,809,562$0$0$10,425,835
97$33,796,518$0$0$11,443,110
98$37,083,242$0$0$12,562,693
99$40,700,155$0$0$13,794,974
100$44,680,778$0$0$15,151,401