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%19.4%
1 years$68,045$67,439$66,848$66,271$65,707$63,225
2 years$33,686$33,058$32,450$31,861$31,289$28,817
3 years$22,234$21,604$20,998$20,414$19,851$17,467
4 years$16,509$15,881$15,281$14,707$14,158$11,880
5 years$13,075$12,451$11,859$11,296$10,763$8,597
6 years$10,787$10,167$9,583$9,034$8,516$6,464
7 years$9,153$8,538$7,964$7,427$6,926$4,987
8 years$7,928$7,319$6,754$6,230$5,746$3,918
9 years$6,976$6,373$5,817$5,307$4,839$3,119
10 years$6,214$5,617$5,072$4,575$4,123$2,509
11 years$5,592$5,001$4,465$3,981$3,546$2,034
12 years$5,073$4,488$3,963$3,492$3,073$1,659
13 years$4,635$4,056$3,540$3,083$2,679$1,359
14 years$4,260$3,687$3,181$2,737$2,349$1,118
15 years$3,935$3,368$2,872$2,441$2,068$923
16 years$3,651$3,090$2,604$2,185$1,828$764
17 years$3,400$2,846$2,369$1,964$1,621$633
18 years$3,178$2,630$2,163$1,770$1,441$526
19 years$2,979$2,437$1,980$1,599$1,284$437
20 years$2,801$2,265$1,817$1,448$1,147$364
21 years$2,639$2,110$1,671$1,314$1,027$304
22 years$2,493$1,969$1,541$1,195$920$253
23 years$2,359$1,842$1,422$1,088$826$211
24 years$2,237$1,726$1,315$993$742$177
25 years$2,124$1,619$1,218$906$668$147
26 years$2,021$1,522$1,130$829$602$123
27 years$1,925$1,432$1,049$759$543$103
28 years$1,837$1,350$975$695$490$86
29 years$1,754$1,273$908$637$442$72
30 years$1,677$1,202$846$585$399$60
31 years$1,606$1,137$788$537$361$51
32 years$1,539$1,076$735$494$327$42
33 years$1,476$1,019$687$454$296$35
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$17
38 years$1,213$784$492$301$180$15
39 years$1,168$746$461$277$164$12
40 years$1,127$710$432$256$148$10
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$2
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 $3,826 every year, while hoping to spend $52,868 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: 45/40/15 Blend
50$824,000$824,000$824,000$824,000
51$911,995$868,323$855,551$948,960
52$948,767$854,619$827,960$961,413
53$987,518$838,472$797,674$969,285
54$1,028,394$819,707$764,545$976,674
55$1,071,554$798,136$728,421$983,559
56$1,117,172$773,564$689,143$989,919
57$1,165,437$745,782$646,542$995,733
58$1,216,555$714,570$600,446$1,000,986
59$1,270,754$679,694$550,670$1,005,663
60$1,328,279$640,907$497,026$1,009,754
61$1,389,401$597,949$439,314$1,013,252
62$1,454,415$550,543$377,326$1,016,157
63$1,523,644$498,399$310,845$1,018,472
64$1,597,442$441,207$239,645$1,020,209
65$1,676,197$378,641$163,489$1,021,386
66$1,760,333$310,359$82,130$1,022,032
67$1,850,315$235,995$0$1,022,185
68$1,946,655$155,165$0$1,022,646
69$2,049,910$67,465$0$1,036,806
70$2,160,695$0$0$1,051,629
71$2,279,684$0$0$1,079,379
72$2,407,616$0$0$1,141,210
73$2,545,302$0$0$1,207,827
74$2,693,633$0$0$1,279,671
75$2,853,588$0$0$1,357,226
76$3,026,243$0$0$1,441,023
77$3,212,778$0$0$1,531,645
78$3,414,493$0$0$1,629,736
79$3,632,814$0$0$1,736,001
80$3,869,310$0$0$1,851,216
81$4,125,707$0$0$1,976,234
82$4,403,899$0$0$2,111,994
83$4,705,975$0$0$2,259,529
84$5,034,228$0$0$2,419,973
85$5,391,183$0$0$2,594,578
86$5,779,616$0$0$2,784,716
87$6,202,583$0$0$2,991,901
88$6,663,446$0$0$3,217,799
89$7,165,906$0$0$3,464,240
90$7,714,034$0$0$3,733,243
91$8,312,314$0$0$4,027,027
92$8,965,678$0$0$4,348,037
93$9,679,559$0$0$4,698,962
94$10,459,937$0$0$5,082,766
95$11,313,395$0$0$5,502,709
96$12,247,181$0$0$5,962,384
97$13,269,278$0$0$6,465,746
98$14,388,475$0$0$7,017,149
99$15,614,450$0$0$7,621,390
100$16,957,863$0$0$8,283,752