Can I retire at age 51 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$68,706$68,094$67,497$66,914$66,345$64,298
2 years$34,013$33,379$32,765$32,170$31,593$29,549
3 years$22,450$21,814$21,201$20,612$20,044$18,067
4 years$16,670$16,035$15,429$14,850$14,295$12,400
5 years$13,202$12,572$11,974$11,406$10,867$9,059
6 years$10,892$10,266$9,677$9,121$8,599$6,879
7 years$9,242$8,621$8,041$7,499$6,993$5,362
8 years$8,005$7,390$6,820$6,291$5,801$4,257
9 years$7,043$6,434$5,874$5,358$4,886$3,427
10 years$6,275$5,672$5,121$4,619$4,163$2,788
11 years$5,646$5,049$4,508$4,020$3,580$2,286
12 years$5,123$4,532$4,001$3,526$3,103$1,887
13 years$4,680$4,095$3,575$3,113$2,705$1,566
14 years$4,301$3,723$3,212$2,763$2,372$1,304
15 years$3,973$3,401$2,900$2,464$2,088$1,090
16 years$3,686$3,120$2,629$2,207$1,845$914
17 years$3,433$2,873$2,392$1,983$1,636$768
18 years$3,209$2,655$2,184$1,787$1,455$646
19 years$3,008$2,461$1,999$1,614$1,297$545
20 years$2,828$2,287$1,835$1,462$1,158$460
21 years$2,665$2,130$1,688$1,327$1,037$389
22 years$2,517$1,988$1,555$1,207$929$329
23 years$2,382$1,860$1,436$1,099$834$279
24 years$2,258$1,742$1,328$1,002$750$236
25 years$2,145$1,635$1,230$915$675$200
26 years$2,041$1,537$1,141$837$608$170
27 years$1,944$1,446$1,060$766$548$144
28 years$1,854$1,363$985$702$494$122
29 years$1,771$1,286$917$644$446$104
30 years$1,694$1,214$854$591$403$88
31 years$1,621$1,148$796$542$365$75
32 years$1,553$1,086$743$499$330$64
33 years$1,490$1,028$693$458$299$54
34 years$1,430$975$648$422$270$46
35 years$1,374$925$606$388$245$39
36 years$1,321$878$567$358$222$33
37 years$1,272$833$530$330$201$28
38 years$1,224$792$497$304$182$24
39 years$1,180$753$465$280$165$20
40 years$1,137$717$436$258$150$17
41 years$1,097$682$409$238$136$15
42 years$1,059$650$384$220$123$13
43 years$1,023$619$360$203$112$11
44 years$989$590$338$187$102$9
45 years$956$563$317$173$92$8
46 years$924$537$298$160$84$7
47 years$894$512$280$148$76$6
48 years$866$489$263$137$69$5
49 years$838$467$247$126$63$4
50 years$812$446$232$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $832,000, adding $2,078 every year, while hoping to spend $27,566 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: 52/26/22 Blend
50$832,000$832,000$832,000$832,000
51$919,007$874,911$862,015$961,091
52$983,416$888,452$861,563$1,003,892
53$1,053,471$901,732$860,171$1,047,410
54$1,129,718$914,710$857,780$1,094,168
55$1,212,759$927,341$854,326$1,144,485
56$1,303,257$939,577$849,742$1,198,713
57$1,401,939$951,366$843,959$1,257,239
58$1,509,608$962,655$836,902$1,320,491
59$1,627,147$973,383$828,497$1,388,942
60$1,755,526$983,490$818,662$1,463,113
61$1,895,816$992,907$807,314$1,543,579
62$2,049,195$1,001,565$794,364$1,630,977
63$2,216,958$1,009,387$779,721$1,726,008
64$2,400,533$1,016,292$763,287$1,829,446
65$2,601,493$1,022,196$744,962$1,942,146
66$2,821,568$1,027,006$724,641$2,065,051
67$3,062,664$1,030,626$702,213$2,199,200
68$3,326,881$1,032,952$677,562$2,345,744
69$3,616,530$1,033,874$650,568$2,505,950
70$3,934,159$1,033,276$621,105$2,681,216
71$4,282,571$1,031,034$589,040$2,873,086
72$4,664,855$1,027,017$554,235$3,083,263
73$5,084,415$1,021,086$516,546$3,313,626
74$5,544,998$1,013,091$475,823$3,566,248
75$6,050,732$1,002,877$431,907$3,843,417
76$6,606,166$990,277$384,635$4,147,656
77$7,216,309$975,115$333,834$4,481,749
78$7,886,680$957,203$279,326$4,848,766
79$8,623,360$936,345$220,922$5,252,097
80$9,433,047$912,330$158,427$5,695,477
81$10,323,121$884,937$91,637$6,183,028
82$11,301,710$853,930$20,338$6,719,297
83$12,377,774$819,062$0$7,309,299
84$13,561,179$780,068$0$7,971,651
85$14,862,799$736,671$0$8,705,311
86$16,294,614$688,577$0$9,512,284
87$17,869,821$635,474$0$10,400,049
88$19,602,964$577,034$0$11,376,848
89$21,510,066$512,908$0$12,451,769
90$23,608,782$442,730$0$13,634,828
91$25,918,564$366,110$0$14,937,065
92$28,460,848$282,639$0$16,370,652
93$31,259,250$191,884$0$17,949,003
94$34,339,794$93,387$0$19,686,905
95$37,731,154$0$0$21,600,659
96$41,464,927$0$0$23,712,045
97$45,575,929$0$0$26,066,270
98$50,102,523$0$0$28,658,596
99$55,086,982$0$0$31,513,248
100$60,575,886$0$0$34,656,915