Can I retire at age 51 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$68,623$68,012$67,416$66,833$66,265$64,273
2 years$33,972$33,339$32,726$32,131$31,555$29,564
3 years$22,423$21,788$21,176$20,587$20,020$18,093
4 years$16,650$16,016$15,411$14,832$14,278$12,431
5 years$13,187$12,557$11,959$11,392$10,854$9,091
6 years$10,879$10,254$9,665$9,110$8,588$6,911
7 years$9,231$8,611$8,032$7,490$6,985$5,393
8 years$7,995$7,381$6,811$6,283$5,794$4,287
9 years$7,035$6,427$5,867$5,352$4,880$3,455
10 years$6,267$5,665$5,115$4,613$4,158$2,814
11 years$5,639$5,043$4,503$4,015$3,576$2,311
12 years$5,117$4,526$3,996$3,522$3,099$1,910
13 years$4,674$4,090$3,570$3,109$2,702$1,587
14 years$4,296$3,718$3,208$2,760$2,369$1,324
15 years$3,968$3,397$2,896$2,461$2,086$1,108
16 years$3,682$3,116$2,626$2,204$1,843$930
17 years$3,429$2,870$2,390$1,980$1,634$783
18 years$3,205$2,652$2,181$1,785$1,453$660
19 years$3,004$2,458$1,997$1,613$1,295$557
20 years$2,824$2,284$1,833$1,460$1,157$471
21 years$2,662$2,127$1,686$1,325$1,035$399
22 years$2,514$1,986$1,554$1,205$928$338
23 years$2,379$1,857$1,435$1,098$833$287
24 years$2,256$1,740$1,327$1,001$749$243
25 years$2,142$1,633$1,229$914$674$206
26 years$2,038$1,535$1,140$836$607$175
27 years$1,942$1,444$1,058$765$547$149
28 years$1,852$1,361$984$701$494$127
29 years$1,769$1,284$915$643$446$108
30 years$1,692$1,213$853$590$403$92
31 years$1,619$1,146$795$542$364$78
32 years$1,552$1,085$742$498$329$66
33 years$1,488$1,027$693$458$298$56
34 years$1,429$974$647$421$270$48
35 years$1,373$923$605$388$244$41
36 years$1,320$876$566$357$222$35
37 years$1,270$832$530$329$201$30
38 years$1,223$791$496$303$182$25
39 years$1,178$752$465$280$165$21
40 years$1,136$716$436$258$150$18
41 years$1,096$681$408$238$136$16
42 years$1,058$649$383$220$123$13
43 years$1,022$618$360$203$112$11
44 years$987$589$337$187$102$10
45 years$955$562$317$173$92$8
46 years$923$536$298$160$84$7
47 years$893$512$280$148$76$6
48 years$865$488$263$136$69$5
49 years$837$466$247$126$63$4
50 years$811$445$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $831,000, adding $4,586 every year, while hoping to spend $30,166 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: 71/23/6 Blend
50$831,000$831,000$831,000$831,000
51$920,492$876,449$863,569$984,817
52$982,286$887,299$860,402$1,038,743
53$1,049,372$897,669$856,118$1,093,556
54$1,122,258$907,505$850,648$1,152,706
55$1,201,502$916,746$843,918$1,216,613
56$1,287,719$925,331$835,854$1,285,737
57$1,381,587$933,192$826,375$1,360,588
58$1,483,848$940,258$815,398$1,441,724
59$1,595,321$946,452$802,835$1,529,763
60$1,716,909$951,693$788,595$1,625,385
61$1,849,603$955,896$772,582$1,729,340
62$1,994,496$958,967$754,697$1,842,453
63$2,152,789$960,811$734,833$1,965,636
64$2,325,805$961,323$712,882$2,099,891
65$2,515,002$960,393$688,729$2,246,327
66$2,721,985$957,904$662,253$2,406,161
67$2,948,518$953,733$633,330$2,580,740
68$3,196,549$947,747$601,828$2,771,544
69$3,468,217$939,807$567,610$2,980,208
70$3,765,883$929,766$530,533$3,208,532
71$4,092,144$917,465$490,446$3,458,504
72$4,449,861$902,739$447,195$3,732,310
73$4,842,186$885,412$400,614$4,032,364
74$5,272,588$865,296$350,534$4,361,327
75$5,744,891$842,194$296,776$4,722,130
76$6,263,305$815,898$239,153$5,118,007
77$6,832,470$786,184$177,472$5,552,521
78$7,457,494$752,819$111,530$6,029,602
79$8,144,006$715,555$41,113$6,553,579
80$8,898,206$674,129$0$7,129,228
81$9,726,925$628,263$0$7,763,991
82$10,637,689$577,665$0$8,464,442
83$11,638,786$522,024$0$9,234,357
84$12,739,352$461,013$0$10,080,804
85$13,949,447$394,284$0$11,011,572
86$15,280,159$321,472$0$12,035,246
87$16,743,701$242,190$0$13,161,291
88$18,353,531$156,030$0$14,400,138
89$20,124,476$62,560$0$15,763,282
90$22,072,872$0$0$17,263,396
91$24,216,719$0$0$18,924,236
92$26,575,849$0$0$20,769,330
93$29,172,115$0$0$22,799,939
94$32,029,594$0$0$25,034,904
95$35,174,816$0$0$27,494,979
96$38,637,015$0$0$30,203,038
97$42,448,400$0$0$33,184,281
98$46,644,465$0$0$36,466,478
99$51,264,318$0$0$40,080,227
100$56,351,052$0$0$44,059,244