Can I retire at age 51 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$68,788$68,176$67,578$66,994$66,425$64,093
2 years$34,054$33,419$32,805$32,209$31,631$29,306
3 years$22,477$21,840$21,227$20,637$20,068$17,824
4 years$16,690$16,055$15,448$14,867$14,313$12,166
5 years$13,218$12,587$11,988$11,420$10,880$8,836
6 years$10,905$10,278$9,688$9,132$8,609$6,669
7 years$9,253$8,632$8,051$7,508$7,002$5,166
8 years$8,015$7,399$6,828$6,298$5,808$4,075
9 years$7,052$6,442$5,881$5,365$4,892$3,259
10 years$6,282$5,678$5,127$4,625$4,168$2,633
11 years$5,653$5,055$4,514$4,025$3,584$2,144
12 years$5,129$4,537$4,006$3,530$3,106$1,756
13 years$4,686$4,100$3,579$3,117$2,709$1,446
14 years$4,306$3,727$3,216$2,767$2,374$1,196
15 years$3,978$3,405$2,903$2,467$2,091$992
16 years$3,691$3,124$2,632$2,209$1,848$825
17 years$3,437$2,877$2,395$1,985$1,638$687
18 years$3,213$2,658$2,187$1,789$1,457$574
19 years$3,012$2,464$2,002$1,616$1,298$480
20 years$2,831$2,289$1,837$1,464$1,160$402
21 years$2,668$2,133$1,690$1,329$1,038$337
22 years$2,520$1,991$1,557$1,208$930$282
23 years$2,385$1,862$1,438$1,100$835$237
24 years$2,261$1,744$1,330$1,003$751$199
25 years$2,148$1,637$1,232$916$675$167
26 years$2,043$1,539$1,142$838$608$141
27 years$1,946$1,448$1,061$767$549$118
28 years$1,857$1,364$986$703$495$99
29 years$1,773$1,287$918$644$447$84
30 years$1,696$1,216$855$591$404$70
31 years$1,623$1,149$797$543$365$59
32 years$1,555$1,087$744$499$330$50
33 years$1,492$1,030$694$459$299$42
34 years$1,432$976$649$422$271$35
35 years$1,376$926$606$389$245$30
36 years$1,323$879$567$358$222$25
37 years$1,273$834$531$330$201$21
38 years$1,226$793$497$304$182$18
39 years$1,181$754$466$280$165$15
40 years$1,139$717$437$259$150$13
41 years$1,099$683$409$239$136$11
42 years$1,061$650$384$220$124$9
43 years$1,024$620$360$203$112$8
44 years$990$591$338$188$102$6
45 years$957$563$318$173$92$5
46 years$925$537$298$160$84$5
47 years$895$513$280$148$76$4
48 years$867$490$263$137$69$3
49 years$839$467$248$126$63$3
50 years$813$447$233$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $833,000, adding $6,673 every year, while hoping to spend $42,298 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: 58/24/18 Blend
50$833,000$833,000$833,000$833,000
51$924,849$880,700$867,789$973,757
52$974,179$878,850$851,855$1,005,849
53$1,027,123$875,491$833,970$1,035,625
54$1,084,005$870,505$814,023$1,067,128
55$1,145,180$863,767$791,900$1,100,533
56$1,211,040$855,143$767,479$1,136,034
57$1,282,012$844,491$740,636$1,173,844
58$1,358,568$831,662$711,238$1,214,204
59$1,441,225$816,496$679,148$1,257,379
60$1,530,551$798,826$644,221$1,303,663
61$1,627,173$778,474$606,307$1,353,382
62$1,731,775$755,250$565,249$1,406,899
63$1,845,114$728,954$520,883$1,464,615
64$1,968,019$699,377$473,036$1,526,977
65$2,101,404$666,293$421,529$1,594,479
66$2,246,272$629,467$366,176$1,667,667
67$2,403,728$588,647$306,779$1,747,149
68$2,574,988$543,570$243,136$1,833,597
69$2,761,388$493,956$175,032$1,927,755
70$2,964,398$439,509$102,244$2,030,448
71$3,185,638$379,916$24,541$2,142,588
72$3,426,889$314,848$0$2,265,187
73$3,690,112$243,955$0$2,410,574
74$3,977,464$166,870$0$2,574,534
75$4,291,321$83,203$0$2,753,770
76$4,634,299$0$0$2,949,847
77$5,009,276$0$0$3,166,467
78$5,419,423$0$0$3,427,506
79$5,868,229$0$0$3,713,219
80$6,359,539$0$0$4,026,063
81$6,897,583$0$0$4,368,740
82$7,487,024$0$0$4,744,230
83$8,132,993$0$0$5,155,810
84$8,841,142$0$0$5,607,093
85$9,617,699$0$0$6,102,057
86$10,469,519$0$0$6,645,083
87$11,404,156$0$0$7,240,997
88$12,429,928$0$0$7,895,115
89$13,555,999$0$0$8,613,292
90$14,792,463$0$0$9,401,979
91$16,150,440$0$0$10,268,281
92$17,642,178$0$0$11,220,026
93$19,281,172$0$0$12,265,836
94$21,082,288$0$0$13,415,213
95$23,061,902$0$0$14,678,621
96$25,238,057$0$0$16,067,591
97$27,630,631$0$0$17,594,827
98$30,261,524$0$0$19,274,323
99$33,154,863$0$0$21,121,499
100$36,337,233$0$0$23,153,345