Can I retire at age 51 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$67,385$66,784$66,199$65,627$65,069$63,677
2 years$33,359$32,737$32,135$31,551$30,985$29,590
3 years$22,018$21,394$20,794$20,215$19,658$18,303
4 years$16,349$15,727$15,132$14,564$14,020$12,715
5 years$12,949$12,330$11,743$11,187$10,658$9,407
6 years$10,682$10,069$9,490$8,946$8,433$7,238
7 years$9,064$8,456$7,887$7,355$6,859$5,718
8 years$7,851$7,248$6,688$6,170$5,690$4,605
9 years$6,908$6,311$5,761$5,255$4,792$3,761
10 years$6,154$5,563$5,022$4,530$4,083$3,106
11 years$5,538$4,952$4,422$3,943$3,511$2,586
12 years$5,024$4,445$3,924$3,458$3,043$2,169
13 years$4,590$4,017$3,506$3,053$2,653$1,829
14 years$4,218$3,651$3,150$2,710$2,326$1,549
15 years$3,897$3,335$2,844$2,417$2,048$1,317
16 years$3,615$3,060$2,579$2,164$1,810$1,123
17 years$3,367$2,818$2,346$1,944$1,605$960
18 years$3,147$2,604$2,142$1,752$1,427$822
19 years$2,950$2,413$1,961$1,583$1,272$706
20 years$2,773$2,243$1,800$1,434$1,136$607
21 years$2,613$2,089$1,655$1,302$1,017$523
22 years$2,468$1,950$1,526$1,183$911$450
23 years$2,336$1,824$1,409$1,078$818$389
24 years$2,215$1,709$1,303$983$735$336
25 years$2,104$1,604$1,207$898$662$290
26 years$2,001$1,507$1,119$821$596$251
27 years$1,907$1,418$1,039$751$537$217
28 years$1,819$1,337$966$688$485$188
29 years$1,737$1,261$899$631$438$163
30 years$1,661$1,191$837$579$396$141
31 years$1,590$1,126$781$532$358$122
32 years$1,524$1,065$728$489$324$106
33 years$1,461$1,009$680$450$293$92
34 years$1,403$956$635$414$265$79
35 years$1,348$907$594$381$240$69
36 years$1,296$861$556$351$218$60
37 years$1,247$817$520$323$197$52
38 years$1,201$777$487$298$179$45
39 years$1,157$739$456$275$162$39
40 years$1,116$703$428$253$147$34
41 years$1,076$669$401$234$133$29
42 years$1,039$637$376$216$121$25
43 years$1,003$607$353$199$110$22
44 years$970$579$331$184$100$19
45 years$937$552$311$170$91$17
46 years$907$526$292$157$82$14
47 years$877$502$275$145$75$13
48 years$849$480$258$134$68$11
49 years$822$458$243$124$62$9
50 years$797$437$228$114$56$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $816,000, adding $5,806 every year, while hoping to spend $38,617 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: 67/16/17 Blend
50$816,000$816,000$816,000$816,000
51$905,221$861,973$849,325$961,766
52$956,465$863,121$836,689$1,001,429
53$1,011,642$863,032$822,336$1,039,738
54$1,071,112$861,603$806,166$1,080,675
55$1,135,271$858,727$788,078$1,124,498
56$1,204,554$854,289$767,964$1,171,490
57$1,279,438$848,169$745,710$1,221,963
58$1,360,449$840,238$721,200$1,276,263
59$1,448,164$830,359$694,309$1,334,771
60$1,543,218$818,388$664,910$1,397,910
61$1,646,308$804,171$632,867$1,466,146
62$1,758,203$787,547$598,040$1,539,994
63$1,879,747$768,343$560,280$1,620,021
64$2,011,867$746,378$519,436$1,706,857
65$2,155,585$721,459$475,345$1,801,195
66$2,312,026$693,382$427,841$1,903,801
67$2,482,426$661,930$376,746$2,015,522
68$2,668,146$626,877$321,880$2,137,292
69$2,870,683$587,981$263,049$2,270,143
70$3,091,687$544,985$200,055$2,415,214
71$3,332,970$497,621$132,688$2,573,763
72$3,596,532$445,603$60,732$2,747,179
73$3,884,570$388,630$0$2,936,995
74$4,199,506$326,382$0$3,147,816
75$4,544,004$258,524$0$3,390,544
76$4,921,000$184,699$0$3,656,256
77$5,333,725$104,532$0$3,947,277
78$5,785,737$17,627$0$4,266,166
79$6,280,956$0$0$4,615,746
80$6,823,697$0$0$5,012,588
81$7,418,714$0$0$5,451,105
82$8,071,240$0$0$5,932,059
83$8,787,043$0$0$6,459,706
84$9,572,472$0$0$7,038,734
85$10,434,523$0$0$7,674,307
86$11,380,902$0$0$8,372,114
87$12,420,096$0$0$9,138,421
88$13,561,456$0$0$9,980,129
89$14,815,281$0$0$10,904,845
90$16,192,919$0$0$11,920,943
91$17,706,871$0$0$13,037,653
92$19,370,907$0$0$14,265,143
93$21,200,200$0$0$15,614,612
94$23,211,464$0$0$17,098,401
95$25,423,116$0$0$18,730,106
96$27,855,446$0$0$20,524,707
97$30,530,806$0$0$22,498,708
98$33,473,828$0$0$24,670,291
99$36,711,648$0$0$27,059,492
100$40,274,165$0$0$29,688,387