Can I retire at age 51 with 830,000?

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 $830,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$68,541$67,930$67,334$66,753$66,185$65,768
2 years$33,931$33,299$32,687$32,093$31,517$31,096
3 years$22,396$21,761$21,150$20,562$19,996$19,584
4 years$16,630$15,997$15,392$14,814$14,261$13,862
5 years$13,171$12,542$11,945$11,378$10,841$10,456
6 years$10,865$10,241$9,653$9,099$8,578$8,207
7 years$9,220$8,601$8,022$7,481$6,976$6,620
8 years$7,986$7,372$6,803$6,276$5,788$5,446
9 years$7,026$6,419$5,860$5,346$4,874$4,546
10 years$6,260$5,658$5,109$4,608$4,153$3,839
11 years$5,633$5,037$4,497$4,010$3,572$3,272
12 years$5,110$4,521$3,991$3,518$3,095$2,809
13 years$4,669$4,086$3,566$3,105$2,699$2,427
14 years$4,291$3,714$3,204$2,757$2,366$2,107
15 years$3,963$3,393$2,893$2,458$2,083$1,837
16 years$3,677$3,113$2,623$2,201$1,841$1,607
17 years$3,425$2,867$2,387$1,978$1,632$1,410
18 years$3,201$2,649$2,179$1,782$1,451$1,241
19 years$3,001$2,455$1,995$1,611$1,294$1,094
20 years$2,821$2,281$1,830$1,459$1,156$967
21 years$2,658$2,125$1,684$1,324$1,034$856
22 years$2,511$1,983$1,552$1,204$927$759
23 years$2,376$1,855$1,433$1,096$832$674
24 years$2,253$1,738$1,325$1,000$748$599
25 years$2,140$1,631$1,227$913$673$533
26 years$2,036$1,533$1,138$835$606$474
27 years$1,939$1,443$1,057$764$547$423
28 years$1,850$1,359$983$700$493$377
29 years$1,767$1,283$914$642$445$336
30 years$1,690$1,211$852$589$402$300
31 years$1,617$1,145$794$541$364$268
32 years$1,550$1,083$741$497$329$240
33 years$1,486$1,026$692$457$298$214
34 years$1,427$972$646$421$270$192
35 years$1,371$922$604$387$244$171
36 years$1,318$875$565$357$221$153
37 years$1,268$831$529$329$201$137
38 years$1,221$790$495$303$182$123
39 years$1,177$751$464$279$165$110
40 years$1,135$715$435$258$150$98
41 years$1,095$680$408$238$136$88
42 years$1,057$648$383$219$123$79
43 years$1,021$617$359$203$112$71
44 years$986$589$337$187$101$63
45 years$953$561$317$173$92$57
46 years$922$535$297$160$84$51
47 years$892$511$279$147$76$46
48 years$864$488$262$136$69$41
49 years$836$466$247$126$63$37
50 years$810$445$232$116$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $830,000, adding $6,598 every year, while hoping to spend $42,144 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: 63/32/5 Blend
50$830,000$830,000$830,000$830,000
51$921,466$877,476$864,611$978,411
52$970,614$875,631$848,734$1,015,309
53$1,023,364$872,284$830,914$1,050,001
54$1,080,037$867,315$811,039$1,086,771
55$1,140,987$860,601$788,995$1,125,816
56$1,206,604$852,007$764,663$1,167,356
57$1,277,315$841,392$737,917$1,211,633
58$1,353,590$828,609$708,625$1,258,917
59$1,435,942$813,497$676,651$1,309,505
60$1,524,940$795,890$641,851$1,363,727
61$1,621,206$775,610$604,074$1,421,949
62$1,725,423$752,470$563,165$1,484,573
63$1,838,344$726,269$518,959$1,552,047
64$1,960,797$696,797$471,285$1,624,867
65$2,093,690$663,832$419,965$1,703,579
66$2,238,024$627,138$364,812$1,788,790
67$2,394,900$586,466$305,631$1,881,169
68$2,565,529$541,551$242,218$1,981,459
69$2,751,241$492,115$174,361$2,090,480
70$2,953,503$437,864$101,837$2,209,139
71$3,173,927$378,486$24,416$2,338,440
72$3,414,288$313,653$0$2,479,491
73$3,676,540$243,016$0$2,636,625
74$3,962,832$166,209$0$2,809,685
75$4,275,531$82,843$0$2,998,879
76$4,617,243$0$0$3,205,879
77$4,990,836$0$0$3,435,170
78$5,399,469$0$0$3,717,929
79$5,846,619$0$0$4,027,400
80$6,336,115$0$0$4,366,240
81$6,872,173$0$0$4,737,374
82$7,459,437$0$0$5,144,027
83$8,103,021$0$0$5,589,746
84$8,808,555$0$0$6,078,441
85$9,582,244$0$0$6,614,417
86$10,430,918$0$0$7,202,416
87$11,362,103$0$0$7,847,660
88$12,384,086$0$0$8,555,904
89$13,505,997$0$0$9,333,483
90$14,737,893$0$0$10,187,379
91$16,090,853$0$0$11,125,281
92$17,577,080$0$0$12,155,662
93$19,210,019$0$0$13,287,853
94$21,004,479$0$0$14,532,135
95$22,976,779$0$0$15,899,834
96$25,144,893$0$0$17,403,430
97$27,528,625$0$0$19,056,670
98$30,149,796$0$0$20,874,701
99$33,032,443$0$0$22,874,209
100$36,203,053$0$0$25,073,581