Can I retire at age 51 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$68,375$67,766$67,172$66,592$66,026$65,391
2 years$33,849$33,219$32,608$32,015$31,441$30,801
3 years$22,342$21,709$21,099$20,513$19,947$19,323
4 years$16,590$15,958$15,355$14,778$14,227$13,622
5 years$13,139$12,512$11,916$11,351$10,815$10,232
6 years$10,839$10,217$9,630$9,078$8,557$7,997
7 years$9,197$8,580$8,003$7,463$6,959$6,422
8 years$7,966$7,355$6,787$6,261$5,774$5,259
9 years$7,010$6,403$5,845$5,333$4,862$4,370
10 years$6,244$5,644$5,096$4,597$4,143$3,673
11 years$5,619$5,025$4,487$4,001$3,563$3,115
12 years$5,098$4,510$3,982$3,509$3,088$2,661
13 years$4,658$4,076$3,557$3,098$2,692$2,286
14 years$4,280$3,705$3,196$2,750$2,360$1,974
15 years$3,954$3,384$2,886$2,453$2,078$1,712
16 years$3,668$3,105$2,617$2,196$1,837$1,490
17 years$3,417$2,860$2,381$1,973$1,628$1,300
18 years$3,193$2,642$2,173$1,778$1,448$1,138
19 years$2,994$2,449$1,990$1,607$1,291$998
20 years$2,814$2,276$1,826$1,455$1,153$876
21 years$2,652$2,120$1,680$1,321$1,032$771
22 years$2,505$1,979$1,548$1,201$925$680
23 years$2,370$1,851$1,429$1,094$830$600
24 years$2,248$1,734$1,322$997$746$530
25 years$2,135$1,627$1,224$911$671$468
26 years$2,031$1,529$1,136$833$605$414
27 years$1,935$1,439$1,054$762$545$367
28 years$1,845$1,356$980$698$492$325
29 years$1,763$1,279$912$641$444$288
30 years$1,685$1,208$850$588$401$256
31 years$1,613$1,142$792$540$363$227
32 years$1,546$1,081$739$496$328$201
33 years$1,483$1,024$690$456$297$179
34 years$1,423$970$645$420$269$159
35 years$1,368$920$603$386$244$141
36 years$1,315$873$564$356$221$125
37 years$1,265$829$528$328$200$112
38 years$1,218$788$494$302$181$99
39 years$1,174$750$463$279$164$88
40 years$1,132$713$434$257$149$78
41 years$1,092$679$407$237$135$70
42 years$1,054$647$382$219$123$62
43 years$1,018$616$358$202$111$55
44 years$984$587$336$187$101$49
45 years$951$560$316$172$92$44
46 years$920$534$297$159$83$39
47 years$890$510$279$147$76$35
48 years$862$487$262$136$69$31
49 years$834$465$246$126$62$27
50 years$808$444$231$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $828,000, adding $3,339 every year, while hoping to spend $35,666 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: 72/18/10 Blend
50$828,000$828,000$828,000$828,000
51$915,900$872,016$859,182$979,868
52$971,374$876,797$850,016$1,027,381
53$1,031,310$880,616$839,348$1,074,658
54$1,096,127$883,389$827,090$1,125,449
55$1,166,283$885,027$813,149$1,180,091
56$1,242,284$885,433$797,429$1,238,957
57$1,324,683$884,505$779,829$1,302,457
58$1,414,091$882,136$760,243$1,371,045
59$1,511,178$878,211$738,562$1,445,220
60$1,616,684$872,609$714,669$1,525,532
61$1,731,419$865,200$688,443$1,612,589
62$1,856,277$855,848$659,759$1,707,061
63$1,992,240$844,407$628,484$1,809,687
64$2,140,390$830,725$594,480$1,921,281
65$2,301,917$814,637$557,602$2,042,743
66$2,478,131$795,973$517,700$2,175,063
67$2,670,473$774,549$474,616$2,319,335
68$2,880,531$750,171$428,185$2,476,764
69$3,110,051$722,635$378,236$2,648,682
70$3,360,957$691,725$324,587$2,836,553
71$3,635,366$657,212$267,053$3,041,996
72$3,935,610$618,852$205,436$3,266,795
73$4,264,257$576,390$139,532$3,512,918
74$4,624,132$529,555$69,128$3,782,534
75$5,018,350$478,059$0$4,078,037
76$5,450,339$421,601$0$4,402,707
77$5,923,874$359,860$0$4,766,726
78$6,443,115$292,498$0$5,165,947
79$7,012,640$219,159$0$5,603,935
80$7,637,495$139,463$0$6,084,624
81$8,323,237$53,015$0$6,612,345
82$9,075,987$0$0$7,191,876
83$9,902,485$0$0$7,836,526
84$10,810,160$0$0$8,556,066
85$11,807,194$0$0$9,346,486
86$12,902,597$0$0$10,214,936
87$14,106,301$0$0$11,169,294
88$15,429,244$0$0$12,218,239
89$16,883,475$0$0$13,371,330
90$18,482,272$0$0$14,639,102
91$20,240,262$0$0$16,033,159
92$22,173,561$0$0$17,566,287
93$24,299,922$0$0$19,252,574
94$26,638,909$0$0$21,107,539
95$29,212,076$0$0$23,148,284
96$32,043,169$0$0$25,393,650
97$35,158,354$0$0$27,864,396
98$38,586,463$0$0$30,583,397
99$42,359,260$0$0$33,575,857
100$46,511,747$0$0$36,869,546