Can I retire at age 51 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$68,541$67,930$67,334$66,753$66,185$64,585
2 years$33,931$33,299$32,687$32,093$31,517$29,914
3 years$22,396$21,761$21,150$20,562$19,996$18,441
4 years$16,630$15,997$15,392$14,814$14,261$12,766
5 years$13,171$12,542$11,945$11,378$10,841$9,410
6 years$10,865$10,241$9,653$9,099$8,578$7,212
7 years$9,220$8,601$8,022$7,481$6,976$5,676
8 years$7,986$7,372$6,803$6,276$5,788$4,552
9 years$7,026$6,419$5,860$5,346$4,874$3,702
10 years$6,260$5,658$5,109$4,608$4,153$3,044
11 years$5,633$5,037$4,497$4,010$3,572$2,524
12 years$5,110$4,521$3,991$3,518$3,095$2,107
13 years$4,669$4,086$3,566$3,105$2,699$1,768
14 years$4,291$3,714$3,204$2,757$2,366$1,490
15 years$3,963$3,393$2,893$2,458$2,083$1,261
16 years$3,677$3,113$2,623$2,201$1,841$1,070
17 years$3,425$2,867$2,387$1,978$1,632$910
18 years$3,201$2,649$2,179$1,782$1,451$776
19 years$3,001$2,455$1,995$1,611$1,294$662
20 years$2,821$2,281$1,830$1,459$1,156$566
21 years$2,658$2,125$1,684$1,324$1,034$485
22 years$2,511$1,983$1,552$1,204$927$416
23 years$2,376$1,855$1,433$1,096$832$357
24 years$2,253$1,738$1,325$1,000$748$306
25 years$2,140$1,631$1,227$913$673$263
26 years$2,036$1,533$1,138$835$606$226
27 years$1,939$1,443$1,057$764$547$195
28 years$1,850$1,359$983$700$493$168
29 years$1,767$1,283$914$642$445$144
30 years$1,690$1,211$852$589$402$124
31 years$1,617$1,145$794$541$364$107
32 years$1,550$1,083$741$497$329$92
33 years$1,486$1,026$692$457$298$79
34 years$1,427$972$646$421$270$68
35 years$1,371$922$604$387$244$59
36 years$1,318$875$565$357$221$51
37 years$1,268$831$529$329$201$44
38 years$1,221$790$495$303$182$38
39 years$1,177$751$464$279$165$33
40 years$1,135$715$435$258$150$28
41 years$1,095$680$408$238$136$24
42 years$1,057$648$383$219$123$21
43 years$1,021$617$359$203$112$18
44 years$986$589$337$187$101$16
45 years$953$561$317$173$92$13
46 years$922$535$297$160$84$12
47 years$892$511$279$147$76$10
48 years$864$488$262$136$69$9
49 years$836$466$247$126$63$7
50 years$810$445$232$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $830,000, adding $5,092 every year, while hoping to spend $30,435 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: 33/40/27 Blend
50$830,000$830,000$830,000$830,000
51$919,912$875,922$863,057$942,577
52$981,361$886,460$859,587$970,721
53$1,048,057$896,494$854,981$997,964
54$1,120,504$905,967$849,168$1,026,729
55$1,199,255$914,819$842,075$1,057,170
56$1,284,920$922,986$833,625$1,089,462
57$1,378,167$930,398$823,736$1,123,795
58$1,479,734$936,982$812,326$1,160,383
59$1,590,433$942,659$799,305$1,199,466
60$1,711,155$947,348$784,580$1,241,305
61$1,842,884$950,959$768,054$1,286,195
62$1,986,701$953,399$749,626$1,334,461
63$2,143,796$954,567$729,191$1,386,464
64$2,315,480$954,357$706,635$1,442,606
65$2,503,196$952,658$681,844$1,503,332
66$2,708,532$949,348$654,696$1,569,136
67$2,933,238$944,302$625,064$1,640,564
68$3,179,240$937,384$592,815$1,718,225
69$3,448,658$928,452$557,810$1,802,790
70$3,743,829$917,353$519,905$1,895,005
71$4,067,324$903,929$478,946$1,995,696
72$4,421,977$888,007$434,777$2,105,778
73$4,810,908$869,409$387,232$2,226,264
74$5,237,554$847,943$336,137$2,358,275
75$5,705,699$823,407$281,312$2,503,052
76$6,219,514$795,587$222,569$2,661,971
77$6,783,590$764,257$159,711$2,836,550
78$7,402,987$729,176$92,533$3,028,472
79$8,083,278$690,092$20,819$3,239,598
80$8,830,602$646,736$0$3,471,985
81$9,651,722$598,825$0$3,743,960
82$10,554,089$546,059$0$4,049,430
83$11,545,911$488,121$0$4,385,245
84$12,636,231$424,676$0$4,754,551
85$13,835,012$355,370$0$5,160,822
86$15,153,230$279,830$0$5,607,893
87$16,602,978$197,660$0$6,099,996
88$18,197,580$108,444$0$6,641,799
89$19,951,716$11,740$0$7,238,456
90$21,881,560$0$0$7,895,653
91$24,004,934$0$0$8,660,562
92$26,341,472$0$0$9,508,092
93$28,912,811$0$0$10,440,941
94$31,742,788$0$0$11,467,775
95$34,857,670$0$0$12,598,145
96$38,286,399$0$0$13,842,574
97$42,060,867$0$0$15,212,656
98$46,216,211$0$0$16,721,168
99$50,791,152$0$0$18,382,188
100$55,828,355$0$0$20,211,228