Can I retire at age 51 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$68,045$67,439$66,848$66,271$65,707$64,886
2 years$33,686$33,058$32,450$31,861$31,289$30,463
3 years$22,234$21,604$20,998$20,414$19,851$19,045
4 years$16,509$15,881$15,281$14,707$14,158$13,379
5 years$13,075$12,451$11,859$11,296$10,763$10,013
6 years$10,787$10,167$9,583$9,034$8,516$7,796
7 years$9,153$8,538$7,964$7,427$6,926$6,236
8 years$7,928$7,319$6,754$6,230$5,746$5,086
9 years$6,976$6,373$5,817$5,307$4,839$4,209
10 years$6,214$5,617$5,072$4,575$4,123$3,523
11 years$5,592$5,001$4,465$3,981$3,546$2,974
12 years$5,073$4,488$3,963$3,492$3,073$2,530
13 years$4,635$4,056$3,540$3,083$2,679$2,164
14 years$4,260$3,687$3,181$2,737$2,349$1,860
15 years$3,935$3,368$2,872$2,441$2,068$1,605
16 years$3,651$3,090$2,604$2,185$1,828$1,390
17 years$3,400$2,846$2,369$1,964$1,621$1,207
18 years$3,178$2,630$2,163$1,770$1,441$1,051
19 years$2,979$2,437$1,980$1,599$1,284$917
20 years$2,801$2,265$1,817$1,448$1,147$802
21 years$2,639$2,110$1,671$1,314$1,027$702
22 years$2,493$1,969$1,541$1,195$920$615
23 years$2,359$1,842$1,422$1,088$826$540
24 years$2,237$1,726$1,315$993$742$474
25 years$2,124$1,619$1,218$906$668$417
26 years$2,021$1,522$1,130$829$602$367
27 years$1,925$1,432$1,049$759$543$323
28 years$1,837$1,350$975$695$490$285
29 years$1,754$1,273$908$637$442$251
30 years$1,677$1,202$846$585$399$221
31 years$1,606$1,137$788$537$361$195
32 years$1,539$1,076$735$494$327$172
33 years$1,476$1,019$687$454$296$152
34 years$1,417$965$642$418$268$134
35 years$1,361$916$600$385$242$119
36 years$1,309$869$561$354$220$105
37 years$1,259$825$525$326$199$93
38 years$1,213$784$492$301$180$82
39 years$1,168$746$461$277$164$72
40 years$1,127$710$432$256$148$64
41 years$1,087$676$405$236$135$57
42 years$1,049$643$380$218$122$50
43 years$1,013$613$357$201$111$44
44 years$979$584$335$186$101$39
45 years$946$557$314$171$91$35
46 years$915$532$295$158$83$31
47 years$886$507$277$146$75$27
48 years$857$484$261$135$68$24
49 years$830$462$245$125$62$21
50 years$805$442$230$116$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $824,000, adding $5,779 every year, while hoping to spend $24,906 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: 53/19/28 Blend
50$824,000$824,000$824,000$824,000
51$914,009$870,337$857,565$955,031
52$980,738$886,484$859,794$1,000,230
53$1,053,439$902,587$861,262$1,046,387
54$1,132,694$918,618$861,919$1,096,124
55$1,219,145$934,547$861,709$1,149,796
56$1,313,498$950,340$860,577$1,207,790
57$1,416,530$965,961$858,461$1,270,537
58$1,529,097$981,374$855,300$1,338,511
59$1,652,139$996,536$851,028$1,412,234
60$1,786,695$1,011,404$845,575$1,492,283
61$1,933,906$1,025,931$838,870$1,579,296
62$2,095,029$1,040,066$830,836$1,673,974
63$2,271,448$1,053,755$821,395$1,777,093
64$2,464,688$1,066,941$810,464$1,889,507
65$2,676,427$1,079,562$797,956$2,012,159
66$2,908,514$1,091,553$783,779$2,146,090
67$3,162,986$1,102,842$767,838$2,292,448
68$3,442,084$1,113,355$750,035$2,452,498
69$3,748,279$1,123,012$730,264$2,627,638
70$4,084,292$1,131,728$708,416$2,819,407
71$4,453,120$1,139,413$684,378$3,029,506
72$4,858,063$1,145,969$658,029$3,259,809
73$5,302,758$1,151,294$629,246$3,512,382
74$5,791,211$1,155,279$597,898$3,789,507
75$6,327,835$1,157,808$563,847$4,093,699
76$6,917,491$1,158,757$526,953$4,427,730
77$7,565,535$1,157,996$487,066$4,794,660
78$8,277,866$1,155,385$444,029$5,197,862
79$9,060,986$1,150,776$397,682$5,641,056
80$9,922,056$1,144,013$347,853$6,128,345
81$10,868,965$1,134,929$294,366$6,664,253
82$11,910,407$1,123,349$237,035$7,253,768
83$13,055,960$1,109,084$175,666$7,902,392
84$14,316,176$1,091,937$110,059$8,616,189
85$15,702,682$1,071,698$40,002$9,401,849
86$17,228,288$1,048,144$0$10,266,745
87$18,907,110$1,021,040$0$11,229,393
88$20,754,701$990,136$0$12,301,802
89$22,788,196$955,169$0$13,481,963
90$25,026,478$915,858$0$14,780,850
91$27,490,353$871,908$0$16,210,553
92$30,202,744$823,007$0$17,784,400
93$33,188,913$768,824$0$19,517,077
94$36,476,694$709,009$0$21,424,772
95$40,096,759$643,191$0$23,525,323
96$44,082,902$570,982$0$25,838,392
97$48,472,364$491,966$0$28,385,645
98$53,306,181$405,708$0$31,190,962
99$58,629,571$311,748$0$34,280,661
100$64,492,361$209,597$0$37,683,745