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%19.3%
1 years$68,045$67,439$66,848$66,271$65,707$63,250
2 years$33,686$33,058$32,450$31,861$31,289$28,842
3 years$22,234$21,604$20,998$20,414$19,851$17,490
4 years$16,509$15,881$15,281$14,707$14,158$11,902
5 years$13,075$12,451$11,859$11,296$10,763$8,617
6 years$10,787$10,167$9,583$9,034$8,516$6,483
7 years$9,153$8,538$7,964$7,427$6,926$5,004
8 years$7,928$7,319$6,754$6,230$5,746$3,934
9 years$6,976$6,373$5,817$5,307$4,839$3,134
10 years$6,214$5,617$5,072$4,575$4,123$2,522
11 years$5,592$5,001$4,465$3,981$3,546$2,046
12 years$5,073$4,488$3,963$3,492$3,073$1,670
13 years$4,635$4,056$3,540$3,083$2,679$1,369
14 years$4,260$3,687$3,181$2,737$2,349$1,127
15 years$3,935$3,368$2,872$2,441$2,068$931
16 years$3,651$3,090$2,604$2,185$1,828$771
17 years$3,400$2,846$2,369$1,964$1,621$640
18 years$3,178$2,630$2,163$1,770$1,441$532
19 years$2,979$2,437$1,980$1,599$1,284$442
20 years$2,801$2,265$1,817$1,448$1,147$369
21 years$2,639$2,110$1,671$1,314$1,027$308
22 years$2,493$1,969$1,541$1,195$920$257
23 years$2,359$1,842$1,422$1,088$826$215
24 years$2,237$1,726$1,315$993$742$179
25 years$2,124$1,619$1,218$906$668$150
26 years$2,021$1,522$1,130$829$602$125
27 years$1,925$1,432$1,049$759$543$105
28 years$1,837$1,350$975$695$490$88
29 years$1,754$1,273$908$637$442$74
30 years$1,677$1,202$846$585$399$62
31 years$1,606$1,137$788$537$361$52
32 years$1,539$1,076$735$494$327$43
33 years$1,476$1,019$687$454$296$36
34 years$1,417$965$642$418$268$30
35 years$1,361$916$600$385$242$25
36 years$1,309$869$561$354$220$21
37 years$1,259$825$525$326$199$18
38 years$1,213$784$492$301$180$15
39 years$1,168$746$461$277$164$13
40 years$1,127$710$432$256$148$11
41 years$1,087$676$405$236$135$9
42 years$1,049$643$380$218$122$7
43 years$1,013$613$357$201$111$6
44 years$979$584$335$186$101$5
45 years$946$557$314$171$91$4
46 years$915$532$295$158$83$4
47 years$886$507$277$146$75$3
48 years$857$484$261$135$68$3
49 years$830$462$245$125$62$2
50 years$805$442$230$116$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $824,000, adding $2,254 every year, while hoping to spend $31,031 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: 38/39/23 Blend
50$824,000$824,000$824,000$824,000
51$910,373$866,701$853,929$938,635
52$970,214$876,153$849,519$968,830
53$1,035,119$885,027$843,921$998,378
54$1,105,572$893,264$837,063$1,029,690
55$1,182,104$900,798$828,868$1,062,946
56$1,265,301$907,559$819,258$1,098,342
57$1,355,807$913,475$808,148$1,136,098
58$1,454,330$918,466$795,451$1,176,459
59$1,561,649$922,448$781,077$1,219,695
60$1,678,623$925,334$764,929$1,266,106
61$1,806,195$927,028$746,906$1,316,024
62$1,945,405$927,430$726,906$1,369,820
63$2,097,396$926,434$704,816$1,427,903
64$2,263,427$923,926$680,525$1,490,725
65$2,444,885$919,786$653,910$1,558,791
66$2,643,294$913,887$624,847$1,632,658
67$2,860,336$906,093$593,205$1,712,941
68$3,097,860$896,261$558,847$1,800,326
69$3,357,903$884,240$521,630$1,895,569
70$3,642,709$869,867$481,404$1,999,508
71$3,954,747$852,972$438,013$2,113,070
72$4,296,738$833,375$391,294$2,237,282
73$4,671,678$810,883$341,075$2,373,280
74$5,082,868$785,295$287,179$2,522,321
75$5,533,941$756,395$229,421$2,685,795
76$6,028,901$723,956$167,604$2,865,239
77$6,572,158$687,739$101,528$3,062,353
78$7,168,569$647,489$30,980$3,279,018
79$7,823,484$602,937$0$3,517,311
80$8,542,798$553,800$0$3,790,404
81$9,333,004$499,776$0$4,098,782
82$10,201,253$440,548$0$4,437,700
83$11,155,428$375,782$0$4,810,319
84$12,204,208$305,121$0$5,220,130
85$13,357,157$228,193$0$5,670,984
86$14,624,813$144,600$0$6,167,131
87$16,018,785$53,927$0$6,713,261
88$17,551,863$0$0$7,314,550
89$19,238,138$0$0$7,995,705
90$21,093,137$0$0$8,770,600
91$23,133,965$0$0$9,623,253
92$25,379,473$0$0$10,561,555
93$27,850,426$0$0$11,594,201
94$30,569,707$0$0$12,730,771
95$33,562,528$0$0$13,981,822
96$36,856,671$0$0$15,358,983
97$40,482,745$0$0$16,875,072
98$44,474,480$0$0$18,544,210
99$48,869,041$0$0$20,381,958
100$53,707,378$0$0$22,405,464