Can I retire at age 51 with 830,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.3%
1 years$68,541$67,930$67,334$66,753$66,185$64,481
2 years$33,931$33,299$32,687$32,093$31,517$29,811
3 years$22,396$21,761$21,150$20,562$19,996$18,341
4 years$16,630$15,997$15,392$14,814$14,261$12,672
5 years$13,171$12,542$11,945$11,378$10,841$9,321
6 years$10,865$10,241$9,653$9,099$8,578$7,128
7 years$9,220$8,601$8,022$7,481$6,976$5,597
8 years$7,986$7,372$6,803$6,276$5,788$4,478
9 years$7,026$6,419$5,860$5,346$4,874$3,634
10 years$6,260$5,658$5,109$4,608$4,153$2,980
11 years$5,633$5,037$4,497$4,010$3,572$2,464
12 years$5,110$4,521$3,991$3,518$3,095$2,052
13 years$4,669$4,086$3,566$3,105$2,699$1,717
14 years$4,291$3,714$3,204$2,757$2,366$1,443
15 years$3,963$3,393$2,893$2,458$2,083$1,218
16 years$3,677$3,113$2,623$2,201$1,841$1,030
17 years$3,425$2,867$2,387$1,978$1,632$874
18 years$3,201$2,649$2,179$1,782$1,451$743
19 years$3,001$2,455$1,995$1,611$1,294$632
20 years$2,821$2,281$1,830$1,459$1,156$539
21 years$2,658$2,125$1,684$1,324$1,034$460
22 years$2,511$1,983$1,552$1,204$927$393
23 years$2,376$1,855$1,433$1,096$832$336
24 years$2,253$1,738$1,325$1,000$748$288
25 years$2,140$1,631$1,227$913$673$247
26 years$2,036$1,533$1,138$835$606$211
27 years$1,939$1,443$1,057$764$547$181
28 years$1,850$1,359$983$700$493$156
29 years$1,767$1,283$914$642$445$133
30 years$1,690$1,211$852$589$402$115
31 years$1,617$1,145$794$541$364$98
32 years$1,550$1,083$741$497$329$84
33 years$1,486$1,026$692$457$298$73
34 years$1,427$972$646$421$270$62
35 years$1,371$922$604$387$244$54
36 years$1,318$875$565$357$221$46
37 years$1,268$831$529$329$201$40
38 years$1,221$790$495$303$182$34
39 years$1,177$751$464$279$165$29
40 years$1,135$715$435$258$150$25
41 years$1,095$680$408$238$136$22
42 years$1,057$648$383$219$123$19
43 years$1,021$617$359$203$112$16
44 years$986$589$337$187$101$14
45 years$953$561$317$173$92$12
46 years$922$535$297$160$84$10
47 years$892$511$279$147$76$9
48 years$864$488$262$136$69$7
49 years$836$466$247$126$63$6
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 $4,826 every year, while hoping to spend $55,024 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: 69/16/15 Blend
50$830,000$830,000$830,000$830,000
51$919,638$875,648$862,783$979,582
52$954,896$860,010$833,141$1,004,459
53$991,906$841,761$800,662$1,024,656
54$1,030,789$820,716$765,193$1,045,350
55$1,071,676$796,677$726,573$1,066,581
56$1,114,709$769,436$684,635$1,088,397
57$1,160,044$738,773$639,205$1,110,854
58$1,207,849$704,454$590,100$1,134,011
59$1,258,310$666,232$537,128$1,157,937
60$1,311,625$623,846$480,090$1,182,712
61$1,368,016$577,019$418,778$1,208,423
62$1,427,721$525,460$352,974$1,235,169
63$1,491,000$468,860$282,450$1,263,062
64$1,558,141$406,892$206,971$1,292,228
65$1,629,454$339,212$126,287$1,322,809
66$1,705,280$265,456$40,140$1,354,961
67$1,785,995$185,239$0$1,388,865
68$1,872,005$98,155$0$1,433,007
69$1,963,760$3,775$0$1,486,717
70$2,061,749$0$0$1,543,861
71$2,166,510$0$0$1,622,082
72$2,278,632$0$0$1,706,541
73$2,398,762$0$0$1,797,063
74$2,527,608$0$0$1,894,188
75$2,665,947$0$0$1,998,504
76$2,814,633$0$0$2,110,660
77$2,974,604$0$0$2,231,368
78$3,146,887$0$0$2,361,409
79$3,332,612$0$0$2,501,641
80$3,533,021$0$0$2,653,007
81$3,749,477$0$0$2,816,543
82$3,983,478$0$0$2,993,386
83$4,236,671$0$0$3,184,789
84$4,510,866$0$0$3,392,126
85$4,808,054$0$0$3,616,909
86$5,130,423$0$0$3,860,803
87$5,480,380$0$0$4,125,634
88$5,860,573$0$0$4,413,417
89$6,273,912$0$0$4,726,362
90$6,723,603$0$0$5,066,906
91$7,213,169$0$0$5,437,726
92$7,746,489$0$0$5,841,771
93$8,327,832$0$0$6,282,284
94$8,961,894$0$0$6,762,837
95$9,653,846$0$0$7,287,358
96$10,409,380$0$0$7,860,173
97$11,234,759$0$0$8,486,045
98$12,136,881$0$0$9,170,217
99$13,123,339$0$0$9,918,459
100$14,202,494$0$0$10,737,128