Can I retire at age 51 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$68,458$67,848$67,253$66,673$66,106$65,579
2 years$33,890$33,259$32,647$32,054$31,479$30,948
3 years$22,369$21,735$21,125$20,537$19,971$19,453
4 years$16,610$15,978$15,374$14,796$14,244$13,742
5 years$13,155$12,527$11,930$11,365$10,828$10,343
6 years$10,852$10,229$9,642$9,089$8,568$8,101
7 years$9,208$8,590$8,012$7,472$6,968$6,520
8 years$7,976$7,363$6,795$6,268$5,781$5,351
9 years$7,018$6,411$5,853$5,339$4,868$4,457
10 years$6,252$5,651$5,102$4,602$4,148$3,755
11 years$5,626$5,031$4,492$4,005$3,567$3,192
12 years$5,104$4,515$3,987$3,513$3,091$2,734
13 years$4,663$4,081$3,562$3,102$2,696$2,355
14 years$4,286$3,709$3,200$2,753$2,363$2,040
15 years$3,959$3,388$2,889$2,456$2,081$1,773
16 years$3,673$3,109$2,620$2,199$1,839$1,547
17 years$3,421$2,863$2,384$1,975$1,630$1,354
18 years$3,197$2,646$2,176$1,780$1,450$1,188
19 years$2,997$2,452$1,992$1,609$1,292$1,045
20 years$2,818$2,278$1,828$1,457$1,154$921
21 years$2,655$2,122$1,682$1,322$1,033$813
22 years$2,508$1,981$1,550$1,202$926$718
23 years$2,373$1,853$1,431$1,095$831$636
24 years$2,250$1,736$1,323$999$747$563
25 years$2,137$1,629$1,226$912$672$499
26 years$2,033$1,531$1,137$834$605$443
27 years$1,937$1,441$1,056$763$546$394
28 years$1,848$1,358$981$699$493$350
29 years$1,765$1,281$913$641$445$311
30 years$1,687$1,210$851$589$402$277
31 years$1,615$1,144$793$541$363$247
32 years$1,548$1,082$740$497$329$220
33 years$1,485$1,025$691$457$297$196
34 years$1,425$971$646$420$269$174
35 years$1,369$921$604$387$244$156
36 years$1,317$874$565$356$221$139
37 years$1,267$830$528$328$200$124
38 years$1,220$789$495$303$182$110
39 years$1,176$750$464$279$165$98
40 years$1,133$714$435$257$149$88
41 years$1,093$680$407$237$136$78
42 years$1,055$647$382$219$123$70
43 years$1,019$617$359$202$112$63
44 years$985$588$337$187$101$56
45 years$952$561$316$173$92$50
46 years$921$535$297$159$83$45
47 years$891$510$279$147$76$40
48 years$863$487$262$136$69$36
49 years$835$465$246$126$63$32
50 years$809$444$232$116$57$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $829,000, adding $4,128 every year, while hoping to spend $34,691 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: 52/43/5 Blend
50$829,000$829,000$829,000$829,000
51$917,816$873,879$861,030$964,297
52$974,522$879,788$852,963$1,002,160
53$1,035,850$884,824$843,464$1,039,172
54$1,102,234$888,908$832,447$1,078,576
55$1,174,151$891,954$819,824$1,120,604
56$1,252,129$893,874$805,502$1,165,510
57$1,336,743$894,571$789,383$1,213,579
58$1,428,631$893,945$771,368$1,265,124
59$1,528,491$891,887$751,348$1,320,492
60$1,637,092$888,285$729,213$1,380,065
61$1,755,280$883,015$704,846$1,444,268
62$1,883,986$875,951$678,126$1,513,571
63$2,024,235$866,954$648,925$1,588,492
64$2,177,153$855,882$617,111$1,669,606
65$2,343,983$842,580$582,544$1,757,548
66$2,526,089$826,886$545,079$1,853,019
67$2,724,975$808,628$504,564$1,956,795
68$2,942,295$787,625$460,840$2,069,735
69$3,179,873$763,682$413,742$2,192,788
70$3,439,714$736,596$363,096$2,327,002
71$3,724,027$706,151$308,722$2,473,536
72$4,035,243$672,118$250,430$2,633,671
73$4,376,042$634,256$188,023$2,808,823
74$4,749,372$592,309$121,296$3,000,555
75$5,158,482$546,005$50,033$3,210,597
76$5,606,948$495,060$0$3,440,858
77$6,098,710$439,171$0$3,694,834
78$6,638,107$378,019$0$3,976,407
79$7,229,918$311,267$0$4,285,491
80$7,879,408$238,557$0$4,624,943
81$8,592,375$159,514$0$4,997,914
82$9,375,207$73,739$0$5,407,886
83$10,234,939$0$0$5,858,703
84$11,179,323$0$0$6,363,683
85$12,216,898$0$0$6,956,915
86$13,357,069$0$0$7,608,898
87$14,610,201$0$0$8,325,567
88$15,987,709$0$0$9,113,465
89$17,502,172$0$0$9,979,796
90$19,167,448$0$0$10,932,502
91$20,998,803$0$0$11,980,329
92$23,013,059$0$0$13,132,914
93$25,228,749$0$0$14,400,877
94$27,666,293$0$0$15,795,916
95$30,348,189$0$0$17,330,924
96$33,299,227$0$0$19,020,103
97$36,546,719$0$0$20,879,102
98$40,120,761$0$0$22,925,167
99$44,054,513$0$0$25,177,297
100$48,384,512$0$0$27,656,427