Can I retire at age 51 with 823,000?

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 $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%15%
1 years$67,963$67,357$66,767$66,190$65,627$64,276
2 years$33,645$33,018$32,411$31,822$31,251$29,896
3 years$22,207$21,578$20,972$20,389$19,827$18,510
4 years$16,489$15,862$15,262$14,689$14,141$12,872
5 years$13,060$12,436$11,844$11,283$10,750$9,533
6 years$10,774$10,155$9,572$9,023$8,506$7,343
7 years$9,142$8,528$7,954$7,418$6,917$5,808
8 years$7,918$7,310$6,746$6,223$5,739$4,683
9 years$6,967$6,365$5,810$5,300$4,833$3,829
10 years$6,207$5,610$5,065$4,569$4,118$3,166
11 years$5,585$4,994$4,460$3,976$3,541$2,640
12 years$5,067$4,483$3,958$3,488$3,069$2,216
13 years$4,629$4,051$3,536$3,079$2,676$1,871
14 years$4,255$3,682$3,177$2,733$2,346$1,587
15 years$3,930$3,364$2,868$2,438$2,066$1,351
16 years$3,646$3,086$2,601$2,183$1,826$1,154
17 years$3,396$2,842$2,367$1,961$1,619$988
18 years$3,174$2,626$2,160$1,767$1,439$848
19 years$2,976$2,434$1,978$1,597$1,283$729
20 years$2,797$2,262$1,815$1,446$1,146$627
21 years$2,636$2,107$1,669$1,313$1,025$541
22 years$2,490$1,967$1,539$1,194$919$467
23 years$2,356$1,839$1,421$1,087$825$404
24 years$2,234$1,723$1,314$991$742$349
25 years$2,122$1,617$1,217$905$667$302
26 years$2,018$1,520$1,129$828$601$262
27 years$1,923$1,431$1,048$758$542$227
28 years$1,834$1,348$974$694$489$196
29 years$1,752$1,272$907$637$442$170
30 years$1,675$1,201$845$584$399$148
31 years$1,604$1,135$787$537$361$128
32 years$1,537$1,074$735$493$326$111
33 years$1,474$1,017$686$454$295$97
34 years$1,415$964$641$417$267$84
35 years$1,359$915$599$384$242$73
36 years$1,307$868$560$354$219$63
37 years$1,258$824$525$326$199$55
38 years$1,211$783$491$300$180$48
39 years$1,167$745$460$277$163$42
40 years$1,125$709$431$256$148$36
41 years$1,085$675$405$236$135$31
42 years$1,048$643$379$218$122$27
43 years$1,012$612$356$201$111$24
44 years$978$584$334$185$101$21
45 years$945$557$314$171$91$18
46 years$914$531$295$158$83$16
47 years$885$507$277$146$75$14
48 years$856$484$260$135$68$12
49 years$829$462$245$125$62$10
50 years$804$441$230$115$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $823,000, adding $5,990 every year, while hoping to spend $25,852 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: 69/15/16 Blend
50$823,000$823,000$823,000$823,000
51$913,125$869,506$856,749$972,297
52$978,757$884,605$857,944$1,027,575
53$1,050,218$899,578$858,312$1,084,401
54$1,128,073$914,391$857,799$1,145,921
55$1,212,948$929,008$856,347$1,212,595
56$1,305,530$943,390$853,895$1,284,928
57$1,406,573$957,495$850,381$1,363,480
58$1,516,912$971,281$845,736$1,448,864
59$1,637,461$984,698$839,893$1,541,759
60$1,769,230$997,696$832,777$1,642,912
61$1,913,329$1,010,220$824,312$1,753,145
62$2,070,980$1,022,213$814,419$1,873,366
63$2,243,531$1,033,612$803,012$2,004,575
64$2,432,462$1,044,350$790,005$2,147,875
65$2,639,408$1,054,358$775,305$2,304,481
66$2,866,166$1,063,559$758,815$2,475,732
67$3,114,715$1,071,874$740,436$2,663,104
68$3,387,236$1,079,217$720,061$2,868,225
69$3,686,132$1,085,496$697,580$3,092,888
70$4,014,047$1,090,614$672,879$3,339,071
71$4,373,895$1,094,470$645,836$3,608,952
72$4,768,886$1,096,952$616,324$3,904,936
73$5,202,554$1,097,945$584,213$4,229,669
74$5,678,795$1,097,325$549,365$4,586,071
75$6,201,898$1,094,960$511,635$4,977,359
76$6,776,590$1,090,711$470,873$5,407,081
77$7,408,076$1,084,430$426,921$5,879,146
78$8,102,092$1,075,959$379,615$6,397,863
79$8,864,958$1,065,133$328,784$6,967,983
80$9,703,634$1,051,775$274,249$7,594,742
81$10,625,790$1,035,697$215,822$8,283,911
82$11,639,876$1,016,702$153,307$9,041,853
83$12,755,202$994,579$86,502$9,875,579
84$13,982,025$969,106$15,192$10,792,819
85$15,331,646$940,047$0$11,802,093
86$16,816,518$907,153$0$12,923,189
87$18,450,359$870,160$0$14,159,504
88$20,248,287$828,789$0$15,519,891
89$22,226,957$782,745$0$17,016,970
90$24,404,722$731,715$0$18,664,644
91$26,801,804$675,368$0$20,478,239
92$29,440,483$613,357$0$22,474,642
93$32,345,312$545,311$0$24,672,462
94$35,543,343$470,840$0$27,092,209
95$39,064,386$389,533$0$29,756,483
96$42,941,287$300,954$0$32,690,193
97$47,210,241$204,644$0$35,920,787
98$51,911,129$100,115$0$39,478,513
99$57,087,900$0$0$43,396,708
100$62,788,979$0$0$47,714,278