Can I retire at age 51 with 827,000?

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 $827,000?

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$68,293$67,685$67,091$66,512$65,946$63,455
2 years$33,808$33,179$32,568$31,977$31,403$28,922
3 years$22,315$21,683$21,074$20,488$19,923$17,531
4 years$16,569$15,939$15,336$14,760$14,209$11,923
5 years$13,123$12,496$11,902$11,337$10,802$8,628
6 years$10,826$10,204$9,618$9,067$8,547$6,488
7 years$9,186$8,570$7,993$7,454$6,951$5,005
8 years$7,957$7,346$6,779$6,253$5,767$3,932
9 years$7,001$6,396$5,838$5,326$4,856$3,131
10 years$6,237$5,638$5,090$4,591$4,138$2,518
11 years$5,612$5,019$4,481$3,996$3,559$2,041
12 years$5,092$4,505$3,977$3,505$3,084$1,665
13 years$4,652$4,071$3,553$3,094$2,689$1,364
14 years$4,275$3,700$3,193$2,747$2,357$1,122
15 years$3,949$3,380$2,882$2,450$2,076$926
16 years$3,664$3,101$2,613$2,193$1,834$766
17 years$3,413$2,856$2,378$1,971$1,627$635
18 years$3,189$2,639$2,171$1,776$1,446$528
19 years$2,990$2,446$1,987$1,605$1,289$439
20 years$2,811$2,273$1,824$1,453$1,151$366
21 years$2,649$2,117$1,678$1,319$1,030$305
22 years$2,502$1,976$1,546$1,199$924$254
23 years$2,368$1,848$1,428$1,092$829$212
24 years$2,245$1,732$1,320$996$745$177
25 years$2,132$1,625$1,223$910$671$148
26 years$2,028$1,527$1,134$832$604$124
27 years$1,932$1,438$1,053$761$545$103
28 years$1,843$1,355$979$698$491$87
29 years$1,760$1,278$911$640$444$72
30 years$1,683$1,207$849$587$401$61
31 years$1,611$1,141$791$539$362$51
32 years$1,544$1,079$738$496$328$42
33 years$1,481$1,022$689$456$297$36
34 years$1,422$969$644$419$269$30
35 years$1,366$919$602$386$243$25
36 years$1,313$872$563$355$220$21
37 years$1,264$828$527$328$200$17
38 years$1,217$787$494$302$181$15
39 years$1,173$749$463$278$164$12
40 years$1,131$712$434$257$149$10
41 years$1,091$678$406$237$135$9
42 years$1,053$646$381$219$123$7
43 years$1,017$615$358$202$111$6
44 years$983$586$336$186$101$5
45 years$950$559$315$172$92$4
46 years$919$533$296$159$83$4
47 years$889$509$278$147$76$3
48 years$861$486$261$136$69$2
49 years$833$464$246$125$62$2
50 years$807$443$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $827,000, adding $2,403 every year, while hoping to spend $58,284 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: 38/32/30 Blend
50$827,000$827,000$827,000$827,000
51$913,833$870,002$857,183$940,329
52$945,030$850,618$823,885$940,721
53$977,456$828,331$787,518$935,669
54$1,011,174$802,937$747,918$929,116
55$1,046,253$774,221$704,913$920,967
56$1,082,767$741,953$658,323$911,119
57$1,120,793$705,893$607,961$899,466
58$1,160,417$665,785$553,630$885,897
59$1,201,730$621,358$495,127$870,297
60$1,244,829$572,328$432,237$852,544
61$1,289,821$518,391$364,736$832,512
62$1,336,820$459,229$292,392$810,070
63$1,385,949$394,505$214,960$785,081
64$1,437,341$323,861$132,187$757,402
65$1,491,141$246,922$43,807$726,884
66$1,547,506$163,289$0$693,376
67$1,606,604$72,543$0$672,884
68$1,668,619$0$0$665,091
69$1,733,752$0$0$664,957
70$1,802,218$0$0$691,704
71$1,874,254$0$0$719,886
72$1,950,117$0$0$749,607
73$2,030,085$0$0$780,984
74$2,114,463$0$0$814,140
75$2,203,583$0$0$849,214
76$2,297,807$0$0$886,354
77$2,397,529$0$0$925,723
78$2,503,182$0$0$967,501
79$2,615,236$0$0$1,011,882
80$2,734,206$0$0$1,059,079
81$2,860,657$0$0$1,109,325
82$2,995,203$0$0$1,162,877
83$3,138,520$0$0$1,220,013
84$3,291,346$0$0$1,281,041
85$3,454,491$0$0$1,346,296
86$3,628,840$0$0$1,416,147
87$3,815,365$0$0$1,490,997
88$4,015,132$0$0$1,571,290
89$4,229,310$0$0$1,657,511
90$4,459,179$0$0$1,750,194
91$4,706,147$0$0$1,849,925
92$4,971,758$0$0$1,957,346
93$5,257,708$0$0$2,073,165
94$5,565,857$0$0$2,198,156
95$5,898,251$0$0$2,333,172
96$6,257,137$0$0$2,479,151
97$6,644,983$0$0$2,637,121
98$7,064,502$0$0$2,808,214
99$7,518,676$0$0$2,993,676
100$8,010,785$0$0$3,194,874