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%19.8%
1 years$68,623$68,012$67,416$66,833$66,265$63,661
2 years$33,972$33,339$32,726$32,131$31,555$28,963
3 years$22,423$21,788$21,176$20,587$20,020$17,522
4 years$16,650$16,016$15,411$14,832$14,278$11,894
5 years$13,187$12,557$11,959$11,392$10,854$8,588
6 years$10,879$10,254$9,665$9,110$8,588$6,443
7 years$9,231$8,611$8,032$7,490$6,985$4,959
8 years$7,995$7,381$6,811$6,283$5,794$3,887
9 years$7,035$6,427$5,867$5,352$4,880$3,087
10 years$6,267$5,665$5,115$4,613$4,158$2,477
11 years$5,639$5,043$4,503$4,015$3,576$2,002
12 years$5,117$4,526$3,996$3,522$3,099$1,629
13 years$4,674$4,090$3,570$3,109$2,702$1,331
14 years$4,296$3,718$3,208$2,760$2,369$1,092
15 years$3,968$3,397$2,896$2,461$2,086$899
16 years$3,682$3,116$2,626$2,204$1,843$741
17 years$3,429$2,870$2,390$1,980$1,634$613
18 years$3,205$2,652$2,181$1,785$1,453$508
19 years$3,004$2,458$1,997$1,613$1,295$421
20 years$2,824$2,284$1,833$1,460$1,157$349
21 years$2,662$2,127$1,686$1,325$1,035$290
22 years$2,514$1,986$1,554$1,205$928$241
23 years$2,379$1,857$1,435$1,098$833$201
24 years$2,256$1,740$1,327$1,001$749$167
25 years$2,142$1,633$1,229$914$674$139
26 years$2,038$1,535$1,140$836$607$116
27 years$1,942$1,444$1,058$765$547$97
28 years$1,852$1,361$984$701$494$81
29 years$1,769$1,284$915$643$446$67
30 years$1,692$1,213$853$590$403$56
31 years$1,619$1,146$795$542$364$47
32 years$1,552$1,085$742$498$329$39
33 years$1,488$1,027$693$458$298$33
34 years$1,429$974$647$421$270$27
35 years$1,373$923$605$388$244$23
36 years$1,320$876$566$357$222$19
37 years$1,270$832$530$329$201$16
38 years$1,223$791$496$303$182$13
39 years$1,178$752$465$280$165$11
40 years$1,136$716$436$258$150$9
41 years$1,096$681$408$238$136$8
42 years$1,058$649$383$220$123$6
43 years$1,022$618$360$203$112$5
44 years$987$589$337$187$102$4
45 years$955$562$317$173$92$4
46 years$923$536$298$160$84$3
47 years$893$512$280$148$76$3
48 years$865$488$263$136$69$2
49 years$837$466$247$126$63$2
50 years$811$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $831,000, adding $3,449 every year, while hoping to spend $40,449 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: 56/31/13 Blend
50$831,000$831,000$831,000$831,000
51$919,320$875,277$862,396$967,556
52$970,053$875,128$848,249$1,000,488
53$1,024,605$873,616$832,272$1,031,619
54$1,083,323$870,632$814,362$1,064,585
55$1,146,588$866,059$794,409$1,099,570
56$1,214,819$859,774$772,300$1,136,776
57$1,288,474$851,646$747,916$1,176,429
58$1,368,058$841,537$721,131$1,218,777
59$1,454,128$829,300$691,816$1,264,100
60$1,547,292$814,779$659,835$1,312,703
61$1,648,221$797,809$625,045$1,364,929
62$1,757,653$778,215$587,298$1,421,156
63$1,876,399$755,812$546,437$1,481,803
64$2,005,349$730,405$502,301$1,547,335
65$2,145,486$701,786$454,719$1,618,268
66$2,297,888$669,735$403,514$1,695,171
67$2,463,742$634,022$348,501$1,778,679
68$2,644,354$594,399$289,487$1,869,490
69$2,841,162$550,609$226,269$1,968,381
70$3,055,748$502,376$158,636$2,076,210
71$3,289,852$449,410$86,368$2,193,929
72$3,545,391$391,405$9,235$2,322,589
73$3,824,474$328,037$0$2,463,354
74$4,129,423$258,964$0$2,627,650
75$4,462,795$183,824$0$2,808,791
76$4,827,404$102,236$0$3,007,107
77$5,226,350$13,796$0$3,224,380
78$5,663,045$0$0$3,462,577
79$6,141,246$0$0$3,751,816
80$6,665,091$0$0$4,073,892
81$7,239,138$0$0$4,426,911
82$7,868,405$0$0$4,813,969
83$8,558,421$0$0$5,238,475
84$9,315,272$0$0$5,704,185
85$10,145,664$0$0$6,215,237
86$11,056,984$0$0$6,776,186
87$12,057,367$0$0$7,392,052
88$13,155,775$0$0$8,068,365
89$14,362,080$0$0$8,811,215
90$15,687,158$0$0$9,627,311
91$17,142,988$0$0$10,524,046
92$18,742,768$0$0$11,509,563
93$20,501,039$0$0$12,592,832
94$22,433,818$0$0$13,783,738
95$24,558,754$0$0$15,093,169
96$26,895,288$0$0$16,533,121
97$29,464,843$0$0$18,116,813
98$32,291,019$0$0$19,858,807
99$35,399,818$0$0$21,775,147
100$38,819,892$0$0$23,883,513