Can I retire at age 51 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$68,045$67,439$66,848$66,271$65,707$63,937
2 years$33,686$33,058$32,450$31,861$31,289$29,518
3 years$22,234$21,604$20,998$20,414$19,851$18,135
4 years$16,509$15,881$15,281$14,707$14,158$12,510
5 years$13,075$12,451$11,859$11,296$10,763$9,187
6 years$10,787$10,167$9,583$9,034$8,516$7,015
7 years$9,153$8,538$7,964$7,427$6,926$5,499
8 years$7,928$7,319$6,754$6,230$5,746$4,392
9 years$6,976$6,373$5,817$5,307$4,839$3,557
10 years$6,214$5,617$5,072$4,575$4,123$2,912
11 years$5,592$5,001$4,465$3,981$3,546$2,403
12 years$5,073$4,488$3,963$3,492$3,073$1,997
13 years$4,635$4,056$3,540$3,083$2,679$1,668
14 years$4,260$3,687$3,181$2,737$2,349$1,399
15 years$3,935$3,368$2,872$2,441$2,068$1,178
16 years$3,651$3,090$2,604$2,185$1,828$994
17 years$3,400$2,846$2,369$1,964$1,621$842
18 years$3,178$2,630$2,163$1,770$1,441$714
19 years$2,979$2,437$1,980$1,599$1,284$606
20 years$2,801$2,265$1,817$1,448$1,147$516
21 years$2,639$2,110$1,671$1,314$1,027$439
22 years$2,493$1,969$1,541$1,195$920$375
23 years$2,359$1,842$1,422$1,088$826$320
24 years$2,237$1,726$1,315$993$742$273
25 years$2,124$1,619$1,218$906$668$233
26 years$2,021$1,522$1,130$829$602$199
27 years$1,925$1,432$1,049$759$543$171
28 years$1,837$1,350$975$695$490$146
29 years$1,754$1,273$908$637$442$125
30 years$1,677$1,202$846$585$399$107
31 years$1,606$1,137$788$537$361$92
32 years$1,539$1,076$735$494$327$78
33 years$1,476$1,019$687$454$296$67
34 years$1,417$965$642$418$268$58
35 years$1,361$916$600$385$242$49
36 years$1,309$869$561$354$220$42
37 years$1,259$825$525$326$199$36
38 years$1,213$784$492$301$180$31
39 years$1,168$746$461$277$164$27
40 years$1,127$710$432$256$148$23
41 years$1,087$676$405$236$135$20
42 years$1,049$643$380$218$122$17
43 years$1,013$613$357$201$111$14
44 years$979$584$335$186$101$12
45 years$946$557$314$171$91$11
46 years$915$532$295$158$83$9
47 years$886$507$277$146$75$8
48 years$857$484$261$135$68$7
49 years$830$462$245$125$62$6
50 years$805$442$230$116$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $824,000, adding $2,000 every year, while hoping to spend $55,520 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: 37/42/21 Blend
50$824,000$824,000$824,000$824,000
51$910,111$866,439$853,667$937,965
52$943,869$849,822$823,192$941,790
53$979,211$830,529$789,835$940,582
54$1,016,237$808,372$753,442$938,144
55$1,055,060$783,149$713,849$934,398
56$1,095,801$754,649$670,888$929,262
57$1,138,591$722,645$624,381$922,653
58$1,183,573$686,900$574,143$914,484
59$1,230,901$647,162$519,981$904,665
60$1,280,745$603,165$461,692$893,105
61$1,333,288$554,627$399,066$879,708
62$1,388,731$501,251$331,882$864,377
63$1,447,291$442,722$259,910$847,013
64$1,509,208$378,708$182,909$827,515
65$1,574,740$308,857$100,630$805,779
66$1,644,171$232,799$12,809$781,701
67$1,717,812$150,142$0$755,175
68$1,796,001$60,471$0$744,227
69$1,879,109$0$0$734,860
70$1,967,541$0$0$741,102
71$2,061,742$0$0$777,586
72$2,162,196$0$0$816,558
73$2,269,437$0$0$858,235
74$2,384,048$0$0$902,853
75$2,506,667$0$0$950,669
76$2,637,996$0$0$1,001,968
77$2,778,803$0$0$1,057,061
78$2,929,933$0$0$1,116,290
79$3,092,310$0$0$1,180,029
80$3,266,950$0$0$1,248,691
81$3,454,969$0$0$1,322,727
82$3,657,592$0$0$1,402,636
83$3,876,165$0$0$1,488,962
84$4,112,165$0$0$1,582,306
85$4,367,217$0$0$1,683,328
86$4,643,105$0$0$1,792,752
87$4,941,794$0$0$1,911,376
88$5,265,438$0$0$2,040,075
89$5,616,412$0$0$2,179,815
90$5,997,322$0$0$2,331,656
91$6,411,039$0$0$2,496,763
92$6,860,717$0$0$2,676,421
93$7,349,829$0$0$2,872,041
94$7,882,193$0$0$3,085,177
95$8,462,013$0$0$3,317,538
96$9,093,914$0$0$3,571,007
97$9,782,985$0$0$3,847,655
98$10,534,828$0$0$4,149,762
99$11,355,610$0$0$4,479,838
100$12,252,117$0$0$4,840,646