Can I retire at age 51 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$67,963$67,357$66,767$66,190$65,627$64,646
2 years$33,645$33,018$32,411$31,822$31,251$30,265
3 years$22,207$21,578$20,972$20,389$19,827$18,867
4 years$16,489$15,862$15,262$14,689$14,141$13,213
5 years$13,060$12,436$11,844$11,283$10,750$9,858
6 years$10,774$10,155$9,572$9,023$8,506$7,651
7 years$9,142$8,528$7,954$7,418$6,917$6,099
8 years$7,918$7,310$6,746$6,223$5,739$4,957
9 years$6,967$6,365$5,810$5,300$4,833$4,088
10 years$6,207$5,610$5,065$4,569$4,118$3,409
11 years$5,585$4,994$4,460$3,976$3,541$2,868
12 years$5,067$4,483$3,958$3,488$3,069$2,429
13 years$4,629$4,051$3,536$3,079$2,676$2,070
14 years$4,255$3,682$3,177$2,733$2,346$1,772
15 years$3,930$3,364$2,868$2,438$2,066$1,523
16 years$3,646$3,086$2,601$2,183$1,826$1,314
17 years$3,396$2,842$2,367$1,961$1,619$1,136
18 years$3,174$2,626$2,160$1,767$1,439$985
19 years$2,976$2,434$1,978$1,597$1,283$856
20 years$2,797$2,262$1,815$1,446$1,146$744
21 years$2,636$2,107$1,669$1,313$1,025$649
22 years$2,490$1,967$1,539$1,194$919$566
23 years$2,356$1,839$1,421$1,087$825$494
24 years$2,234$1,723$1,314$991$742$432
25 years$2,122$1,617$1,217$905$667$378
26 years$2,018$1,520$1,129$828$601$331
27 years$1,923$1,431$1,048$758$542$290
28 years$1,834$1,348$974$694$489$255
29 years$1,752$1,272$907$637$442$223
30 years$1,675$1,201$845$584$399$196
31 years$1,604$1,135$787$537$361$172
32 years$1,537$1,074$735$493$326$151
33 years$1,474$1,017$686$454$295$133
34 years$1,415$964$641$417$267$117
35 years$1,359$915$599$384$242$103
36 years$1,307$868$560$354$219$90
37 years$1,258$824$525$326$199$79
38 years$1,211$783$491$300$180$70
39 years$1,167$745$460$277$163$61
40 years$1,125$709$431$256$148$54
41 years$1,085$675$405$236$135$47
42 years$1,048$643$379$218$122$42
43 years$1,012$612$356$201$111$37
44 years$978$584$334$185$101$32
45 years$945$557$314$171$91$28
46 years$914$531$295$158$83$25
47 years$885$507$277$146$75$22
48 years$856$484$260$135$68$19
49 years$829$462$245$125$62$17
50 years$804$441$230$115$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $823,000, adding $6,705 every year, while hoping to spend $43,483 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: 79/16/5 Blend
50$823,000$823,000$823,000$823,000
51$913,862$870,243$857,487$985,339
52$960,811$866,620$839,947$1,029,488
53$1,011,090$861,361$820,362$1,071,498
54$1,064,995$854,341$798,618$1,116,260
55$1,122,848$845,427$774,595$1,164,027
56$1,185,002$834,477$748,168$1,215,078
57$1,251,846$821,340$719,205$1,269,718
58$1,323,807$805,858$687,570$1,328,286
59$1,401,351$787,861$653,121$1,391,152
60$1,484,995$767,173$615,706$1,458,728
61$1,575,303$743,602$575,170$1,531,466
62$1,672,895$716,950$531,350$1,609,863
63$1,778,455$687,005$484,074$1,694,471
64$1,892,731$653,542$433,165$1,785,896
65$2,016,550$616,326$378,436$1,884,806
66$2,150,817$575,105$319,693$1,991,938
67$2,296,529$529,614$256,731$2,108,106
68$2,454,783$479,573$189,340$2,234,207
69$2,626,786$424,687$117,298$2,371,230
70$2,813,863$364,642$40,373$2,520,266
71$3,017,476$299,108$0$2,682,517
72$3,239,230$227,736$0$2,861,537
73$3,480,893$150,156$0$3,059,007
74$3,744,410$65,980$0$3,274,400
75$4,031,923$0$0$3,509,509
76$4,345,788$0$0$3,770,752
77$4,688,600$0$0$4,068,800
78$5,063,213$0$0$4,394,521
79$5,472,774$0$0$4,750,654
80$5,920,742$0$0$5,140,210
81$6,410,930$0$0$5,566,509
82$6,947,535$0$0$6,033,203
83$7,535,178$0$0$6,544,315
84$8,178,950$0$0$7,104,276
85$8,884,454$0$0$7,717,965
86$9,657,864$0$0$8,390,756
87$10,505,979$0$0$9,128,566
88$11,436,286$0$0$9,937,914
89$12,457,033$0$0$10,825,980
90$13,577,306$0$0$11,800,673
91$14,807,110$0$0$12,870,703
92$16,157,469$0$0$14,045,667
93$17,640,526$0$0$15,336,135
94$19,269,658$0$0$16,753,751
95$21,059,599$0$0$18,311,344
96$23,026,584$0$0$20,023,046
97$25,188,497$0$0$21,904,426
98$27,565,041$0$0$23,972,637
99$30,177,923$0$0$26,246,574
100$33,051,059$0$0$28,747,058