Can I retire at age 51 with 832,000?

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 $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%11.5%
1 years$68,706$68,094$67,497$66,914$66,345$65,927
2 years$34,013$33,379$32,765$32,170$31,593$31,171
3 years$22,450$21,814$21,201$20,612$20,044$19,631
4 years$16,670$16,035$15,429$14,850$14,295$13,896
5 years$13,202$12,572$11,974$11,406$10,867$10,481
6 years$10,892$10,266$9,677$9,121$8,599$8,227
7 years$9,242$8,621$8,041$7,499$6,993$6,636
8 years$8,005$7,390$6,820$6,291$5,801$5,459
9 years$7,043$6,434$5,874$5,358$4,886$4,557
10 years$6,275$5,672$5,121$4,619$4,163$3,849
11 years$5,646$5,049$4,508$4,020$3,580$3,280
12 years$5,123$4,532$4,001$3,526$3,103$2,816
13 years$4,680$4,095$3,575$3,113$2,705$2,432
14 years$4,301$3,723$3,212$2,763$2,372$2,112
15 years$3,973$3,401$2,900$2,464$2,088$1,841
16 years$3,686$3,120$2,629$2,207$1,845$1,611
17 years$3,433$2,873$2,392$1,983$1,636$1,414
18 years$3,209$2,655$2,184$1,787$1,455$1,244
19 years$3,008$2,461$1,999$1,614$1,297$1,097
20 years$2,828$2,287$1,835$1,462$1,158$969
21 years$2,665$2,130$1,688$1,327$1,037$858
22 years$2,517$1,988$1,555$1,207$929$761
23 years$2,382$1,860$1,436$1,099$834$675
24 years$2,258$1,742$1,328$1,002$750$600
25 years$2,145$1,635$1,230$915$675$534
26 years$2,041$1,537$1,141$837$608$475
27 years$1,944$1,446$1,060$766$548$424
28 years$1,854$1,363$985$702$494$378
29 years$1,771$1,286$917$644$446$337
30 years$1,694$1,214$854$591$403$301
31 years$1,621$1,148$796$542$365$269
32 years$1,553$1,086$743$499$330$240
33 years$1,490$1,028$693$458$299$215
34 years$1,430$975$648$422$270$192
35 years$1,374$925$606$388$245$172
36 years$1,321$878$567$358$222$154
37 years$1,272$833$530$330$201$138
38 years$1,224$792$497$304$182$123
39 years$1,180$753$465$280$165$110
40 years$1,137$717$436$258$150$99
41 years$1,097$682$409$238$136$88
42 years$1,059$650$384$220$123$79
43 years$1,023$619$360$203$112$71
44 years$989$590$338$187$102$64
45 years$956$563$317$173$92$57
46 years$924$537$298$160$84$51
47 years$894$512$280$148$76$46
48 years$866$489$263$137$69$41
49 years$838$467$247$126$63$37
50 years$812$446$232$117$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $832,000, adding $2,932 every year, while hoping to spend $52,609 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: 76/13/11 Blend
50$832,000$832,000$832,000$832,000
51$919,888$875,792$862,896$987,690
52$957,741$862,731$835,828$1,019,701
53$997,692$847,266$806,089$1,047,826
54$1,039,899$829,224$773,536$1,077,173
55$1,084,535$808,422$738,015$1,107,846
56$1,131,789$784,666$699,370$1,139,958
57$1,181,867$757,750$657,434$1,173,636
58$1,234,993$727,456$612,034$1,209,018
59$1,291,415$693,553$562,990$1,246,260
60$1,351,401$655,799$510,111$1,285,531
61$1,415,245$613,935$453,202$1,327,021
62$1,483,271$567,689$392,055$1,370,940
63$1,555,831$516,772$326,455$1,417,520
64$1,633,312$460,880$256,178$1,467,018
65$1,716,138$399,691$180,988$1,519,718
66$1,804,773$332,865$100,640$1,575,935
67$1,899,728$260,043$14,879$1,636,019
68$2,001,559$180,845$0$1,700,355
69$2,110,882$94,869$0$1,778,367
70$2,228,368$1,694$0$1,863,980
71$2,354,756$0$0$1,956,003
72$2,490,858$0$0$2,069,232
73$2,637,563$0$0$2,191,567
74$2,795,850$0$0$2,323,586
75$2,966,794$0$0$2,466,188
76$3,151,575$0$0$2,620,362
77$3,351,493$0$0$2,787,194
78$3,567,974$0$0$2,967,879
79$3,802,587$0$0$3,163,730
80$4,057,056$0$0$3,376,192
81$4,333,280$0$0$3,606,852
82$4,633,344$0$0$3,857,458
83$4,959,544$0$0$4,129,930
84$5,314,405$0$0$4,426,384
85$5,700,704$0$0$4,749,144
86$6,121,500$0$0$5,100,772
87$6,580,155$0$0$5,484,082
88$7,080,372$0$0$5,902,176
89$7,626,226$0$0$6,358,465
90$8,222,203$0$0$6,856,704
91$8,873,239$0$0$7,401,029
92$9,584,770$0$0$7,995,991
93$10,362,782$0$0$8,646,600
94$11,213,862$0$0$9,358,375
95$12,145,266$0$0$10,137,390
96$13,164,982$0$0$10,990,336
97$14,281,807$0$0$11,924,578
98$15,505,429$0$0$12,948,229
99$16,846,518$0$0$14,070,225
100$18,316,822$0$0$15,300,404