Can I retire at age 51 with 820,000?

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 $820,000?

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$67,715$67,112$66,523$65,949$65,388$63,371
2 years$33,522$32,898$32,293$31,706$31,137$29,123
3 years$22,126$21,499$20,896$20,314$19,755$17,806
4 years$16,429$15,804$15,207$14,635$14,089$12,221
5 years$13,012$12,391$11,801$11,241$10,710$8,928
6 years$10,735$10,118$9,537$8,990$8,475$6,780
7 years$9,108$8,497$7,925$7,391$6,892$5,284
8 years$7,889$7,283$6,721$6,200$5,718$4,196
9 years$6,942$6,342$5,789$5,281$4,815$3,378
10 years$6,184$5,590$5,047$4,552$4,103$2,748
11 years$5,565$4,976$4,443$3,962$3,529$2,253
12 years$5,049$4,466$3,943$3,475$3,058$1,860
13 years$4,613$4,036$3,523$3,068$2,666$1,543
14 years$4,239$3,669$3,165$2,723$2,337$1,286
15 years$3,916$3,352$2,858$2,429$2,058$1,075
16 years$3,633$3,075$2,591$2,175$1,819$901
17 years$3,384$2,832$2,358$1,954$1,613$757
18 years$3,162$2,617$2,152$1,761$1,434$637
19 years$2,965$2,425$1,970$1,591$1,278$537
20 years$2,787$2,254$1,808$1,441$1,142$453
21 years$2,626$2,099$1,663$1,308$1,022$383
22 years$2,480$1,960$1,533$1,189$916$324
23 years$2,348$1,833$1,416$1,083$822$275
24 years$2,226$1,717$1,309$988$739$233
25 years$2,114$1,611$1,212$902$665$197
26 years$2,011$1,515$1,125$825$599$167
27 years$1,916$1,425$1,044$755$540$142
28 years$1,828$1,343$971$692$487$120
29 years$1,746$1,267$903$634$440$102
30 years$1,669$1,197$841$582$398$87
31 years$1,598$1,131$784$535$359$74
32 years$1,531$1,070$732$491$325$63
33 years$1,468$1,014$683$452$294$53
34 years$1,410$961$639$416$266$45
35 years$1,354$911$597$383$241$38
36 years$1,302$865$558$352$219$33
37 years$1,253$821$523$325$198$28
38 years$1,207$781$489$299$180$24
39 years$1,163$742$459$276$163$20
40 years$1,121$706$430$255$148$17
41 years$1,082$672$403$235$134$14
42 years$1,044$640$378$217$122$12
43 years$1,008$610$355$200$110$10
44 years$974$581$333$185$100$9
45 years$942$555$313$171$91$8
46 years$911$529$294$158$83$6
47 years$882$505$276$146$75$5
48 years$853$482$259$135$68$5
49 years$826$460$244$124$62$4
50 years$801$440$229$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $820,000, adding $3,006 every year, while hoping to spend $27,482 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: 47/31/22 Blend
50$820,000$820,000$820,000$820,000
51$906,741$863,281$850,571$943,543
52$969,988$876,341$849,824$982,659
53$1,038,765$889,120$848,132$1,022,117
54$1,113,607$901,575$845,432$1,064,384
55$1,195,103$913,660$841,662$1,109,736
56$1,283,901$925,327$836,755$1,158,477
57$1,380,713$936,522$830,641$1,210,944
58$1,486,325$947,191$823,247$1,267,509
59$1,601,599$957,273$814,495$1,328,581
60$1,727,488$966,704$804,305$1,394,614
61$1,865,036$975,417$792,594$1,466,110
62$2,015,397$983,340$779,273$1,543,621
63$2,179,838$990,394$764,250$1,627,759
64$2,359,757$996,499$747,428$1,719,198
65$2,556,691$1,001,567$728,706$1,818,683
66$2,772,334$1,005,504$707,978$1,927,038
67$3,008,551$1,008,212$685,134$2,045,171
68$3,267,395$1,009,587$660,058$2,174,085
69$3,551,129$1,009,516$632,629$2,314,889
70$3,862,242$1,007,880$602,720$2,468,806
71$4,203,480$1,004,556$570,200$2,637,184
72$4,577,863$999,407$534,931$2,821,516
73$4,988,721$992,294$496,766$3,023,446
74$5,439,720$983,065$455,557$3,244,790
75$5,934,898$971,563$411,145$3,487,553
76$6,478,705$957,616$363,366$3,753,946
77$7,076,041$941,048$312,047$4,046,410
78$7,732,305$921,667$257,008$4,367,640
79$8,453,446$899,274$198,063$4,720,609
80$9,246,014$873,656$135,016$5,108,596
81$10,117,230$844,587$67,661$5,535,221
82$11,075,046$811,830$0$6,004,477
83$12,128,223$775,132$0$6,521,760
84$13,286,415$734,227$0$7,107,954
85$14,560,258$688,833$0$7,752,577
86$15,961,470$638,651$0$8,461,600
87$17,502,962$583,367$0$9,241,607
88$19,198,958$522,646$0$10,099,858
89$21,065,133$456,137$0$11,044,355
90$23,118,756$383,467$0$12,083,922
91$25,378,855$304,243$0$13,228,286
92$27,866,397$218,050$0$14,488,170
93$30,604,484$124,449$0$15,875,397
94$33,618,571$22,976$0$17,402,999
95$36,936,705$0$0$19,085,346
96$40,589,795$0$0$20,967,904
97$44,611,894$0$0$23,049,372
98$49,040,528$0$0$25,341,347
99$53,917,048$0$0$27,865,242
100$59,287,015$0$0$30,644,655