Can I retire at age 51 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$67,797$67,194$66,604$66,029$65,468$64,703
2 years$33,563$32,938$32,332$31,745$31,175$30,406
3 years$22,153$21,525$20,921$20,339$19,779$19,028
4 years$16,449$15,823$15,225$14,653$14,106$13,381
5 years$13,028$12,406$11,815$11,255$10,723$10,024
6 years$10,748$10,130$9,549$9,001$8,485$7,814
7 years$9,120$8,507$7,935$7,400$6,901$6,257
8 years$7,899$7,292$6,729$6,208$5,725$5,109
9 years$6,950$6,349$5,796$5,288$4,821$4,233
10 years$6,192$5,597$5,053$4,558$4,108$3,547
11 years$5,571$4,982$4,449$3,967$3,533$2,999
12 years$5,055$4,472$3,948$3,479$3,061$2,554
13 years$4,618$4,041$3,527$3,072$2,670$2,187
14 years$4,244$3,673$3,169$2,727$2,340$1,883
15 years$3,920$3,356$2,862$2,432$2,061$1,627
16 years$3,637$3,079$2,594$2,177$1,821$1,411
17 years$3,388$2,835$2,361$1,956$1,615$1,227
18 years$3,166$2,620$2,155$1,763$1,436$1,070
19 years$2,968$2,428$1,973$1,593$1,280$935
20 years$2,790$2,256$1,811$1,443$1,143$818
21 years$2,630$2,102$1,665$1,310$1,023$717
22 years$2,484$1,962$1,535$1,191$917$630
23 years$2,350$1,835$1,417$1,084$823$554
24 years$2,229$1,719$1,311$989$740$487
25 years$2,117$1,613$1,214$903$666$429
26 years$2,014$1,516$1,126$826$600$378
27 years$1,918$1,427$1,045$756$541$333
28 years$1,830$1,345$972$693$488$294
29 years$1,748$1,269$904$635$440$260
30 years$1,671$1,198$842$583$398$229
31 years$1,600$1,133$785$535$360$203
32 years$1,533$1,072$733$492$325$179
33 years$1,470$1,015$684$452$295$159
34 years$1,411$962$639$416$267$140
35 years$1,356$912$598$383$242$124
36 years$1,304$866$559$353$219$110
37 years$1,255$822$523$325$198$97
38 years$1,208$782$490$300$180$86
39 years$1,164$743$459$276$163$76
40 years$1,122$707$430$255$148$67
41 years$1,083$673$404$235$134$60
42 years$1,045$641$379$217$122$53
43 years$1,009$611$355$200$111$47
44 years$975$582$333$185$100$42
45 years$943$555$313$171$91$37
46 years$912$530$294$158$83$33
47 years$883$505$276$146$75$29
48 years$854$482$260$135$68$26
49 years$827$461$244$125$62$23
50 years$802$440$229$115$56$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $821,000, adding $5,110 every year, while hoping to spend $59,812 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: 56/38/6 Blend
50$821,000$821,000$821,000$821,000
51$910,013$866,500$853,774$959,524
52$939,195$845,319$818,736$972,275
53$969,349$821,095$780,520$979,013
54$1,000,510$793,617$738,955$984,874
55$1,032,717$762,660$693,866$989,779
56$1,066,009$727,985$645,065$993,647
57$1,100,428$689,342$592,360$996,392
58$1,136,016$646,464$535,549$997,921
59$1,172,820$599,071$474,420$998,139
60$1,210,887$546,865$408,752$996,942
61$1,250,268$489,531$338,316$994,222
62$1,291,015$426,739$262,870$989,866
63$1,333,185$358,135$182,162$983,751
64$1,376,837$283,351$95,932$975,751
65$1,422,033$201,993$3,904$965,731
66$1,468,838$113,649$0$953,549
67$1,517,324$17,882$0$945,094
68$1,567,562$0$0$934,829
69$1,619,632$0$0$958,225
70$1,673,617$0$0$990,240
71$1,729,606$0$0$1,023,450
72$1,787,691$0$0$1,057,912
73$1,847,973$0$0$1,093,686
74$1,910,560$0$0$1,130,837
75$1,975,564$0$0$1,169,434
76$2,043,107$0$0$1,209,550
77$2,113,320$0$0$1,251,264
78$2,186,342$0$0$1,294,661
79$2,262,322$0$0$1,339,831
80$2,341,421$0$0$1,386,871
81$2,423,811$0$0$1,435,886
82$2,509,676$0$0$1,486,989
83$2,599,218$0$0$1,540,300
84$2,692,649$0$0$1,595,951
85$2,790,202$0$0$1,654,083
86$2,892,127$0$0$1,714,847
87$2,998,694$0$0$1,778,408
88$3,110,195$0$0$1,844,945
89$3,226,947$0$0$1,914,651
90$3,349,292$0$0$1,987,734
91$3,477,603$0$0$2,064,423
92$3,612,281$0$0$2,144,963
93$3,753,765$0$0$2,229,622
94$3,902,531$0$0$2,318,691
95$4,059,097$0$0$2,412,487
96$4,224,025$0$0$2,511,355
97$4,397,930$0$0$2,615,671
98$4,581,478$0$0$2,725,843
99$4,775,400$0$0$2,842,320
100$4,980,491$0$0$2,965,588