Can I retire at age 51 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$67,963$67,357$66,767$66,190$65,627$64,328
2 years$33,645$33,018$32,411$31,822$31,251$29,948
3 years$22,207$21,578$20,972$20,389$19,827$18,560
4 years$16,489$15,862$15,262$14,689$14,141$12,920
5 years$13,060$12,436$11,844$11,283$10,750$9,579
6 years$10,774$10,155$9,572$9,023$8,506$7,386
7 years$9,142$8,528$7,954$7,418$6,917$5,849
8 years$7,918$7,310$6,746$6,223$5,739$4,721
9 years$6,967$6,365$5,810$5,300$4,833$3,865
10 years$6,207$5,610$5,065$4,569$4,118$3,199
11 years$5,585$4,994$4,460$3,976$3,541$2,671
12 years$5,067$4,483$3,958$3,488$3,069$2,246
13 years$4,629$4,051$3,536$3,079$2,676$1,898
14 years$4,255$3,682$3,177$2,733$2,346$1,612
15 years$3,930$3,364$2,868$2,438$2,066$1,374
16 years$3,646$3,086$2,601$2,183$1,826$1,175
17 years$3,396$2,842$2,367$1,961$1,619$1,008
18 years$3,174$2,626$2,160$1,767$1,439$866
19 years$2,976$2,434$1,978$1,597$1,283$746
20 years$2,797$2,262$1,815$1,446$1,146$643
21 years$2,636$2,107$1,669$1,313$1,025$555
22 years$2,490$1,967$1,539$1,194$919$480
23 years$2,356$1,839$1,421$1,087$825$415
24 years$2,234$1,723$1,314$991$742$360
25 years$2,122$1,617$1,217$905$667$312
26 years$2,018$1,520$1,129$828$601$271
27 years$1,923$1,431$1,048$758$542$235
28 years$1,834$1,348$974$694$489$204
29 years$1,752$1,272$907$637$442$177
30 years$1,675$1,201$845$584$399$154
31 years$1,604$1,135$787$537$361$134
32 years$1,537$1,074$735$493$326$116
33 years$1,474$1,017$686$454$295$101
34 years$1,415$964$641$417$267$88
35 years$1,359$915$599$384$242$77
36 years$1,307$868$560$354$219$67
37 years$1,258$824$525$326$199$58
38 years$1,211$783$491$300$180$50
39 years$1,167$745$460$277$163$44
40 years$1,125$709$431$256$148$38
41 years$1,085$675$405$236$135$33
42 years$1,048$643$379$218$122$29
43 years$1,012$612$356$201$111$25
44 years$978$584$334$185$101$22
45 years$945$557$314$171$91$19
46 years$914$531$295$158$83$17
47 years$885$507$277$146$75$15
48 years$856$484$260$135$68$13
49 years$829$462$245$125$62$11
50 years$804$441$230$115$56$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $823,000, adding $5,673 every year, while hoping to spend $28,833 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: 42/35/23 Blend
50$823,000$823,000$823,000$823,000
51$912,798$869,179$856,422$944,778
52$975,225$881,090$854,434$980,046
53$1,043,053$892,619$851,413$1,015,019
54$1,116,804$903,716$847,294$1,052,317
55$1,197,048$914,329$842,009$1,092,167
56$1,284,417$924,401$835,487$1,134,824
57$1,379,604$933,873$827,651$1,180,569
58$1,483,371$942,680$818,425$1,229,714
59$1,596,558$950,755$807,726$1,282,601
60$1,720,090$958,025$795,468$1,339,613
61$1,854,983$964,412$781,560$1,401,171
62$2,002,358$969,835$765,909$1,467,739
63$2,163,448$974,206$748,416$1,539,834
64$2,339,610$977,432$728,978$1,618,024
65$2,532,338$979,414$707,487$1,702,940
66$2,743,278$980,047$683,829$1,795,278
67$2,974,242$979,219$657,887$1,895,808
68$3,227,225$976,812$629,537$2,005,381
69$3,504,426$972,699$598,650$2,124,936
70$3,808,264$966,748$565,092$2,255,513
71$4,141,404$958,816$528,720$2,398,260
72$4,506,783$948,754$489,388$2,554,446
73$4,907,634$936,402$446,941$2,725,472
74$5,347,518$921,591$401,219$2,912,887
75$5,830,358$904,142$352,053$3,118,401
76$6,360,475$883,866$299,268$3,343,903
77$6,942,631$860,563$242,680$3,591,478
78$7,582,068$834,019$182,099$3,863,431
79$8,284,563$804,010$117,323$4,162,306
80$9,056,480$770,298$48,145$4,490,910
81$9,904,830$732,631$0$4,852,344
82$10,837,336$690,744$0$5,256,335
83$11,862,507$644,353$0$5,713,376
84$12,989,719$593,162$0$6,215,870
85$14,229,298$536,856$0$6,768,481
86$15,592,626$475,101$0$7,376,353
87$17,092,239$407,546$0$8,045,160
88$18,741,952$333,820$0$8,781,158
89$20,556,984$253,530$0$9,591,247
90$22,554,104$166,261$0$10,483,036
91$24,751,791$71,576$0$11,464,915
92$27,170,402$0$0$12,546,138
93$29,832,371$0$0$13,748,843
94$32,762,414$0$0$15,103,132
95$35,987,766$0$0$16,594,045
96$39,538,437$0$0$18,235,467
97$43,447,494$0$0$20,042,704
98$47,751,373$0$0$22,032,615
99$52,490,223$0$0$24,223,783
100$57,708,285$0$0$26,636,680