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%12.3%
1 years$68,541$67,930$67,334$66,753$66,185$65,549
2 years$33,931$33,299$32,687$32,093$31,517$30,876
3 years$22,396$21,761$21,150$20,562$19,996$19,369
4 years$16,630$15,997$15,392$14,814$14,261$13,655
5 years$13,171$12,542$11,945$11,378$10,841$10,257
6 years$10,865$10,241$9,653$9,099$8,578$8,016
7 years$9,220$8,601$8,022$7,481$6,976$6,437
8 years$7,986$7,372$6,803$6,276$5,788$5,271
9 years$7,026$6,419$5,860$5,346$4,874$4,380
10 years$6,260$5,658$5,109$4,608$4,153$3,681
11 years$5,633$5,037$4,497$4,010$3,572$3,122
12 years$5,110$4,521$3,991$3,518$3,095$2,667
13 years$4,669$4,086$3,566$3,105$2,699$2,292
14 years$4,291$3,714$3,204$2,757$2,366$1,979
15 years$3,963$3,393$2,893$2,458$2,083$1,716
16 years$3,677$3,113$2,623$2,201$1,841$1,493
17 years$3,425$2,867$2,387$1,978$1,632$1,303
18 years$3,201$2,649$2,179$1,782$1,451$1,140
19 years$3,001$2,455$1,995$1,611$1,294$1,000
20 years$2,821$2,281$1,830$1,459$1,156$879
21 years$2,658$2,125$1,684$1,324$1,034$773
22 years$2,511$1,983$1,552$1,204$927$681
23 years$2,376$1,855$1,433$1,096$832$601
24 years$2,253$1,738$1,325$1,000$748$531
25 years$2,140$1,631$1,227$913$673$469
26 years$2,036$1,533$1,138$835$606$415
27 years$1,939$1,443$1,057$764$547$368
28 years$1,850$1,359$983$700$493$326
29 years$1,767$1,283$914$642$445$289
30 years$1,690$1,211$852$589$402$256
31 years$1,617$1,145$794$541$364$227
32 years$1,550$1,083$741$497$329$202
33 years$1,486$1,026$692$457$298$179
34 years$1,427$972$646$421$270$159
35 years$1,371$922$604$387$244$141
36 years$1,318$875$565$357$221$126
37 years$1,268$831$529$329$201$112
38 years$1,221$790$495$303$182$99
39 years$1,177$751$464$279$165$88
40 years$1,135$715$435$258$150$79
41 years$1,095$680$408$238$136$70
42 years$1,057$648$383$219$123$62
43 years$1,021$617$359$203$112$55
44 years$986$589$337$187$101$49
45 years$953$561$317$173$92$44
46 years$922$535$297$160$84$39
47 years$892$511$279$147$76$35
48 years$864$488$262$136$69$31
49 years$836$466$247$126$63$28
50 years$810$445$232$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $830,000, adding $4,741 every year, while hoping to spend $30,215 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: 62/32/6 Blend
50$830,000$830,000$830,000$830,000
51$919,550$875,560$862,695$975,282
52$981,196$886,314$859,447$1,023,806
53$1,048,117$896,582$855,077$1,072,787
54$1,120,819$906,309$849,517$1,125,465
55$1,199,859$915,435$842,692$1,182,196
56$1,285,850$923,897$834,528$1,243,372
57$1,379,466$931,627$824,943$1,309,427
58$1,481,447$938,553$813,855$1,380,839
59$1,592,612$944,598$801,176$1,458,132
60$1,713,856$949,682$786,814$1,541,889
61$1,846,170$953,717$770,672$1,632,750
62$1,990,641$956,611$752,652$1,731,421
63$2,148,468$958,265$732,646$1,838,680
64$2,320,968$958,577$710,546$1,955,389
65$2,509,593$957,434$686,237$2,082,493
66$2,715,944$954,720$659,597$2,221,040
67$2,941,778$950,310$630,502$2,372,181
68$3,189,035$944,071$598,820$2,537,188
69$3,459,849$935,862$564,413$2,717,465
70$3,756,571$925,536$527,137$2,914,558
71$4,081,788$912,935$486,843$3,130,174
72$4,438,352$897,890$443,374$3,366,194
73$4,829,402$880,225$396,565$3,624,696
74$5,258,397$859,752$346,246$3,907,967
75$5,729,146$836,272$292,238$4,218,533
76$6,245,844$809,575$234,354$4,559,178
77$6,813,115$779,439$172,399$4,932,974
78$7,436,048$745,626$106,169$5,343,308
79$8,120,252$707,889$35,453$5,793,914
80$8,871,905$665,963$0$6,288,913
81$9,697,813$619,570$0$6,835,406
82$10,605,475$568,414$0$7,438,432
83$11,603,151$512,183$0$8,101,257
84$12,699,941$450,549$0$8,829,989
85$13,905,871$383,162$0$9,631,360
86$15,231,989$309,655$0$10,512,795
87$16,690,463$229,640$0$11,482,479
88$18,294,704$142,706$0$12,549,434
89$20,059,484$48,418$0$13,723,611
90$22,001,081$0$0$15,015,976
91$24,137,430$0$0$16,457,523
92$26,488,293$0$0$18,062,652
93$29,075,442$0$0$19,829,186
94$31,922,868$0$0$21,773,518
95$35,057,007$0$0$23,913,707
96$38,506,985$0$0$26,269,653
97$42,304,897$0$0$28,863,282
98$46,486,107$0$0$31,718,757
99$51,089,584$0$0$34,862,700
100$56,158,264$0$0$38,324,448