Can I retire at age 51 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$67,632$67,030$66,442$65,868$65,308$62,941
2 years$33,481$32,858$32,253$31,667$31,099$28,740
3 years$22,099$21,473$20,870$20,290$19,731$17,454
4 years$16,409$15,785$15,188$14,618$14,072$11,895
5 years$12,996$12,376$11,787$11,228$10,697$8,626
6 years$10,721$10,106$9,525$8,979$8,464$6,500
7 years$9,097$8,487$7,916$7,382$6,884$5,026
8 years$7,880$7,275$6,713$6,193$5,711$3,958
9 years$6,933$6,334$5,782$5,275$4,809$3,159
10 years$6,177$5,583$5,041$4,547$4,098$2,547
11 years$5,558$4,970$4,438$3,957$3,524$2,070
12 years$5,043$4,461$3,938$3,471$3,054$1,693
13 years$4,607$4,031$3,519$3,064$2,663$1,391
14 years$4,234$3,664$3,162$2,720$2,335$1,148
15 years$3,911$3,348$2,855$2,426$2,055$950
16 years$3,628$3,071$2,588$2,172$1,817$788
17 years$3,380$2,829$2,355$1,952$1,611$655
18 years$3,159$2,614$2,150$1,759$1,432$546
19 years$2,961$2,422$1,968$1,589$1,277$456
20 years$2,784$2,251$1,806$1,439$1,140$380
21 years$2,623$2,097$1,661$1,306$1,020$318
22 years$2,477$1,957$1,531$1,188$915$266
23 years$2,345$1,831$1,414$1,082$821$223
24 years$2,223$1,715$1,308$987$738$187
25 years$2,112$1,610$1,211$901$664$157
26 years$2,009$1,513$1,123$824$598$131
27 years$1,914$1,424$1,043$754$539$110
28 years$1,825$1,341$970$691$487$92
29 years$1,743$1,266$902$634$439$78
30 years$1,667$1,195$840$581$397$65
31 years$1,596$1,130$783$534$359$55
32 years$1,529$1,069$731$491$325$46
33 years$1,467$1,012$683$451$294$39
34 years$1,408$960$638$415$266$32
35 years$1,353$910$596$382$241$27
36 years$1,301$864$558$352$218$23
37 years$1,252$820$522$324$198$19
38 years$1,205$780$489$299$179$16
39 years$1,161$741$458$276$163$14
40 years$1,120$705$429$254$148$11
41 years$1,080$671$403$235$134$10
42 years$1,043$639$378$216$121$8
43 years$1,007$609$354$200$110$7
44 years$973$581$333$185$100$6
45 years$941$554$312$170$91$5
46 years$910$528$293$157$82$4
47 years$880$504$276$145$75$3
48 years$852$481$259$134$68$3
49 years$825$460$243$124$62$2
50 years$800$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $819,000, adding $5,188 every year, while hoping to spend $47,488 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: 66/23/11 Blend
50$819,000$819,000$819,000$819,000
51$907,889$864,482$851,788$965,295
52$949,967$856,315$829,796$996,026
53$994,745$846,156$805,476$1,023,509
54$1,042,449$833,858$778,699$1,052,329
55$1,093,326$819,263$749,332$1,082,611
56$1,147,644$802,206$717,234$1,114,498
57$1,205,702$782,512$682,259$1,148,145
58$1,267,823$759,995$644,254$1,183,726
59$1,334,363$734,456$603,058$1,221,435
60$1,405,712$705,689$558,505$1,261,486
61$1,482,299$673,473$510,420$1,304,118
62$1,564,595$637,574$458,620$1,349,595
63$1,653,114$597,745$402,914$1,398,213
64$1,748,423$553,727$343,103$1,450,298
65$1,851,145$505,242$278,980$1,506,212
66$1,961,962$451,999$210,326$1,566,356
67$2,081,626$393,691$136,916$1,631,179
68$2,210,961$329,991$58,512$1,701,173
69$2,350,874$260,555$0$1,776,887
70$2,502,361$185,021$0$1,861,884
71$2,666,519$103,004$0$1,961,403
72$2,844,552$14,099$0$2,069,350
73$3,037,784$0$0$2,186,584
74$3,247,674$0$0$2,334,840
75$3,475,823$0$0$2,499,919
76$3,723,996$0$0$2,679,534
77$3,994,132$0$0$2,875,096
78$4,288,366$0$0$3,088,155
79$4,609,046$0$0$3,320,421
80$4,958,760$0$0$3,573,772
81$5,340,351$0$0$3,850,276
82$5,756,952$0$0$4,152,212
83$6,212,010$0$0$4,482,084
84$6,709,322$0$0$4,842,654
85$7,253,066$0$0$5,236,959
86$7,847,842$0$0$5,668,344
87$8,498,718$0$0$6,140,493
88$9,211,270$0$0$6,657,461
89$9,991,641$0$0$7,223,715
90$10,846,596$0$0$7,844,174
91$11,783,584$0$0$8,524,254
92$12,810,810$0$0$9,269,921
93$13,937,310$0$0$10,087,747
94$15,173,037$0$0$10,984,968
95$16,528,952$0$0$11,969,556
96$18,017,132$0$0$13,050,291
97$19,650,876$0$0$14,236,847
98$21,444,835$0$0$15,539,878
99$23,415,150$0$0$16,971,120
100$25,579,600$0$0$18,543,503