Can I retire at age 51 with 822,000?

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 $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%11.1%
1 years$67,880$67,275$66,685$66,110$65,547$65,244
2 years$33,604$32,978$32,372$31,783$31,213$30,907
3 years$22,180$21,552$20,947$20,364$19,803$19,503
4 years$16,469$15,843$15,244$14,671$14,124$13,833
5 years$13,044$12,421$11,830$11,269$10,737$10,455
6 years$10,761$10,143$9,560$9,012$8,495$8,224
7 years$9,131$8,518$7,945$7,409$6,909$6,648
8 years$7,909$7,301$6,738$6,215$5,732$5,481
9 years$6,959$6,357$5,803$5,294$4,827$4,587
10 years$6,199$5,603$5,059$4,564$4,113$3,883
11 years$5,578$4,988$4,454$3,972$3,537$3,317
12 years$5,061$4,477$3,953$3,484$3,065$2,855
13 years$4,624$4,046$3,532$3,076$2,673$2,473
14 years$4,249$3,678$3,173$2,730$2,343$2,152
15 years$3,925$3,360$2,865$2,435$2,063$1,881
16 years$3,642$3,083$2,598$2,180$1,823$1,650
17 years$3,392$2,839$2,364$1,959$1,617$1,452
18 years$3,170$2,623$2,158$1,765$1,437$1,282
19 years$2,972$2,431$1,975$1,595$1,281$1,134
20 years$2,794$2,259$1,813$1,445$1,144$1,005
21 years$2,633$2,104$1,667$1,311$1,024$892
22 years$2,487$1,964$1,537$1,192$918$793
23 years$2,353$1,837$1,419$1,086$824$706
24 years$2,231$1,721$1,312$990$741$629
25 years$2,119$1,615$1,215$904$666$562
26 years$2,016$1,518$1,127$827$600$502
27 years$1,921$1,429$1,047$757$541$448
28 years$1,832$1,346$973$693$488$401
29 years$1,750$1,270$906$636$441$359
30 years$1,673$1,200$843$584$398$322
31 years$1,602$1,134$786$536$360$288
32 years$1,535$1,073$734$493$326$258
33 years$1,472$1,016$685$453$295$232
34 years$1,413$963$640$417$267$208
35 years$1,358$913$598$384$242$187
36 years$1,306$867$560$353$219$168
37 years$1,256$823$524$326$199$150
38 years$1,210$783$491$300$180$135
39 years$1,166$744$460$277$163$121
40 years$1,124$708$431$255$148$109
41 years$1,084$674$404$235$134$98
42 years$1,047$642$379$217$122$88
43 years$1,011$612$356$201$111$79
44 years$977$583$334$185$100$71
45 years$944$556$313$171$91$64
46 years$913$530$294$158$83$58
47 years$884$506$277$146$75$52
48 years$855$483$260$135$68$47
49 years$828$461$244$125$62$42
50 years$803$441$230$115$56$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $822,000, adding $6,923 every year, while hoping to spend $32,742 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: 70/18/12 Blend
50$822,000$822,000$822,000$822,000
51$912,985$869,419$856,678$974,084
52$971,272$877,183$850,540$1,023,288
53$1,034,407$884,231$843,098$1,072,491
54$1,102,851$890,492$834,275$1,125,471
55$1,177,107$895,891$823,989$1,182,595
56$1,257,734$900,352$812,154$1,244,266
57$1,345,342$903,788$798,681$1,310,929
58$1,440,604$906,111$783,474$1,383,075
59$1,544,262$907,227$766,437$1,461,246
60$1,657,129$907,033$747,465$1,546,037
61$1,780,102$905,424$726,451$1,638,107
62$1,914,168$902,285$703,282$1,738,181
63$2,060,412$897,496$677,841$1,847,061
64$2,220,029$890,929$650,004$1,965,627
65$2,394,335$882,448$619,643$2,094,854
66$2,584,779$871,908$586,622$2,235,815
67$2,792,953$859,159$550,801$2,389,694
68$3,020,614$844,037$512,032$2,557,795
69$3,269,693$826,372$470,162$2,741,559
70$3,542,320$805,982$425,030$2,942,572
71$3,840,837$782,676$376,469$3,162,586
72$4,167,824$756,248$324,303$3,403,531
73$4,526,123$726,486$268,348$3,667,536
74$4,918,865$693,160$208,414$3,956,948
75$5,349,494$656,031$144,302$4,274,357
76$5,821,809$614,842$75,802$4,622,616
77$6,339,989$569,326$2,697$5,004,874
78$6,908,641$519,196$0$5,424,602
79$7,532,838$464,152$0$5,895,271
80$8,218,168$403,875$0$6,412,452
81$8,970,786$338,030$0$6,980,484
82$9,797,473$266,261$0$7,604,532
83$10,705,701$188,193$0$8,290,287
84$11,703,697$103,429$0$9,044,023
85$12,800,528$11,552$0$9,872,652
86$14,006,183$0$0$10,783,798
87$15,331,664$0$0$11,803,266
88$16,789,095$0$0$12,926,785
89$18,391,833$0$0$14,162,371
90$20,154,592$0$0$15,521,373
91$22,093,587$0$0$17,016,299
92$24,226,682$0$0$18,660,927
93$26,573,557$0$0$20,470,439
94$29,155,900$0$0$22,461,564
95$31,997,606$0$0$24,652,733
96$35,125,000$0$0$27,064,253
97$38,567,094$0$0$29,718,502
98$42,355,851$0$0$32,640,136
99$46,526,490$0$0$35,856,323
100$51,117,821$0$0$39,396,998