Can I retire at age 51 with 822,000?

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 $822,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$67,880$67,275$66,685$66,110$65,547$63,885
2 years$33,604$32,978$32,372$31,783$31,213$29,549
3 years$22,180$21,552$20,947$20,364$19,803$18,189
4 years$16,469$15,843$15,244$14,671$14,124$12,573
5 years$13,044$12,421$11,830$11,269$10,737$9,253
6 years$10,761$10,143$9,560$9,012$8,495$7,080
7 years$9,131$8,518$7,945$7,409$6,909$5,563
8 years$7,909$7,301$6,738$6,215$5,732$4,453
9 years$6,959$6,357$5,803$5,294$4,827$3,616
10 years$6,199$5,603$5,059$4,564$4,113$2,967
11 years$5,578$4,988$4,454$3,972$3,537$2,455
12 years$5,061$4,477$3,953$3,484$3,065$2,045
13 years$4,624$4,046$3,532$3,076$2,673$1,713
14 years$4,249$3,678$3,173$2,730$2,343$1,441
15 years$3,925$3,360$2,865$2,435$2,063$1,216
16 years$3,642$3,083$2,598$2,180$1,823$1,030
17 years$3,392$2,839$2,364$1,959$1,617$874
18 years$3,170$2,623$2,158$1,765$1,437$744
19 years$2,972$2,431$1,975$1,595$1,281$634
20 years$2,794$2,259$1,813$1,445$1,144$541
21 years$2,633$2,104$1,667$1,311$1,024$462
22 years$2,487$1,964$1,537$1,192$918$395
23 years$2,353$1,837$1,419$1,086$824$338
24 years$2,231$1,721$1,312$990$741$290
25 years$2,119$1,615$1,215$904$666$248
26 years$2,016$1,518$1,127$827$600$213
27 years$1,921$1,429$1,047$757$541$183
28 years$1,832$1,346$973$693$488$157
29 years$1,750$1,270$906$636$441$135
30 years$1,673$1,200$843$584$398$116
31 years$1,602$1,134$786$536$360$99
32 years$1,535$1,073$734$493$326$85
33 years$1,472$1,016$685$453$295$73
34 years$1,413$963$640$417$267$63
35 years$1,358$913$598$384$242$54
36 years$1,306$867$560$353$219$47
37 years$1,256$823$524$326$199$40
38 years$1,210$783$491$300$180$35
39 years$1,166$744$460$277$163$30
40 years$1,124$708$431$255$148$26
41 years$1,084$674$404$235$134$22
42 years$1,047$642$379$217$122$19
43 years$1,011$612$356$201$111$16
44 years$977$583$334$185$100$14
45 years$944$556$313$171$91$12
46 years$913$530$294$158$83$10
47 years$884$506$277$146$75$9
48 years$855$483$260$135$68$8
49 years$828$461$244$125$62$7
50 years$803$441$230$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $822,000, adding $5,436 every year, while hoping to spend $55,309 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: 68/13/19 Blend
50$822,000$822,000$822,000$822,000
51$911,451$867,885$855,144$968,819
52$945,571$851,563$824,943$991,522
53$981,317$832,588$791,877$1,009,380
54$1,018,797$810,770$755,790$1,027,562
55$1,058,128$785,912$716,523$1,046,096
56$1,099,436$757,800$673,905$1,065,015
57$1,142,859$726,213$627,762$1,084,358
58$1,188,546$690,913$577,907$1,104,169
59$1,236,661$651,651$524,150$1,124,497
60$1,287,380$608,161$466,289$1,145,401
61$1,340,897$560,165$404,114$1,166,945
62$1,397,422$507,367$337,405$1,189,204
63$1,457,184$449,453$265,934$1,212,263
64$1,520,436$386,095$189,461$1,236,218
65$1,587,449$316,942$107,736$1,261,178
66$1,658,523$241,627$20,500$1,287,265
67$1,733,985$159,759$0$1,314,618
68$1,814,193$70,929$0$1,358,111
69$1,899,537$0$0$1,408,594
70$1,990,445$0$0$1,465,783
71$2,087,386$0$0$1,537,615
72$2,190,874$0$0$1,614,327
73$2,301,471$0$0$1,696,340
74$2,419,793$0$0$1,784,115
75$2,546,516$0$0$1,878,157
76$2,682,383$0$0$1,979,021
77$2,828,205$0$0$2,087,317
78$2,984,876$0$0$2,203,711
79$3,153,376$0$0$2,328,937
80$3,334,780$0$0$2,463,801
81$3,530,270$0$0$2,609,186
82$3,741,142$0$0$2,766,063
83$3,968,824$0$0$2,935,501
84$4,214,881$0$0$3,118,671
85$4,481,035$0$0$3,316,862
86$4,769,178$0$0$3,531,492
87$5,081,390$0$0$3,764,118
88$5,419,959$0$0$4,016,452
89$5,787,401$0$0$4,290,380
90$6,186,482$0$0$4,587,971
91$6,620,245$0$0$4,911,506
92$7,092,039$0$0$5,263,492
93$7,605,546$0$0$5,646,687
94$8,164,819$0$0$6,064,127
95$8,774,319$0$0$6,519,153
96$9,438,954$0$0$7,015,441
97$10,164,125$0$0$7,557,036
98$10,955,780$0$0$8,148,395
99$11,820,463$0$0$8,794,419
100$12,765,380$0$0$9,500,506