Can I retire at age 51 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$68,623$68,012$67,416$66,833$66,265$65,464
2 years$33,972$33,339$32,726$32,131$31,555$30,749
3 years$22,423$21,788$21,176$20,587$20,020$19,234
4 years$16,650$16,016$15,411$14,832$14,278$13,518
5 years$13,187$12,557$11,959$11,392$10,854$10,122
6 years$10,879$10,254$9,665$9,110$8,588$7,886
7 years$9,231$8,611$8,032$7,490$6,985$6,311
8 years$7,995$7,381$6,811$6,283$5,794$5,150
9 years$7,035$6,427$5,867$5,352$4,880$4,265
10 years$6,267$5,665$5,115$4,613$4,158$3,571
11 years$5,639$5,043$4,503$4,015$3,576$3,017
12 years$5,117$4,526$3,996$3,522$3,099$2,568
13 years$4,674$4,090$3,570$3,109$2,702$2,198
14 years$4,296$3,718$3,208$2,760$2,369$1,891
15 years$3,968$3,397$2,896$2,461$2,086$1,633
16 years$3,682$3,116$2,626$2,204$1,843$1,415
17 years$3,429$2,870$2,390$1,980$1,634$1,230
18 years$3,205$2,652$2,181$1,785$1,453$1,071
19 years$3,004$2,458$1,997$1,613$1,295$935
20 years$2,824$2,284$1,833$1,460$1,157$818
21 years$2,662$2,127$1,686$1,325$1,035$717
22 years$2,514$1,986$1,554$1,205$928$629
23 years$2,379$1,857$1,435$1,098$833$552
24 years$2,256$1,740$1,327$1,001$749$486
25 years$2,142$1,633$1,229$914$674$427
26 years$2,038$1,535$1,140$836$607$376
27 years$1,942$1,444$1,058$765$547$332
28 years$1,852$1,361$984$701$494$292
29 years$1,769$1,284$915$643$446$258
30 years$1,692$1,213$853$590$403$228
31 years$1,619$1,146$795$542$364$201
32 years$1,552$1,085$742$498$329$178
33 years$1,488$1,027$693$458$298$157
34 years$1,429$974$647$421$270$139
35 years$1,373$923$605$388$244$123
36 years$1,320$876$566$357$222$108
37 years$1,270$832$530$329$201$96
38 years$1,223$791$496$303$182$85
39 years$1,178$752$465$280$165$75
40 years$1,136$716$436$258$150$66
41 years$1,096$681$408$238$136$59
42 years$1,058$649$383$220$123$52
43 years$1,022$618$360$203$112$46
44 years$987$589$337$187$102$41
45 years$955$562$317$173$92$36
46 years$923$536$298$160$84$32
47 years$893$512$280$148$76$28
48 years$865$488$263$136$69$25
49 years$837$466$247$126$63$22
50 years$811$445$232$116$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $831,000, adding $3,853 every year, while hoping to spend $31,211 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: 63/28/9 Blend
50$831,000$831,000$831,000$831,000
51$919,736$875,693$862,813$975,677
52$980,341$885,394$858,509$1,023,214
53$1,046,082$894,524$853,015$1,071,110
54$1,117,449$903,022$846,257$1,122,612
55$1,194,982$910,824$838,160$1,178,069
56$1,279,276$917,860$828,644$1,237,865
57$1,370,983$924,057$817,625$1,302,425
58$1,470,824$929,335$805,016$1,372,217
59$1,579,587$933,613$790,724$1,447,756
60$1,698,146$936,800$774,653$1,529,613
61$1,827,456$938,803$756,703$1,618,415
62$1,968,573$939,520$736,770$1,714,856
63$2,122,658$938,847$714,742$1,819,700
64$2,290,988$936,670$690,504$1,933,789
65$2,474,970$932,868$663,937$2,058,056
66$2,676,152$927,314$634,915$2,193,525
67$2,896,241$919,873$603,306$2,341,328
68$3,137,112$910,402$568,971$2,502,716
69$3,400,835$898,749$531,769$2,679,063
70$3,689,684$884,752$491,548$2,871,892
71$4,006,169$868,241$448,151$3,082,876
72$4,353,049$849,036$401,415$3,313,866
73$4,733,366$826,945$351,168$3,566,900
74$5,150,468$801,764$297,232$3,844,227
75$5,608,046$773,281$239,419$4,148,329
76$6,110,162$741,266$177,535$4,481,941
77$6,661,292$705,482$111,375$4,848,082
78$7,266,365$665,672$40,728$5,250,080
79$7,930,813$621,569$0$5,691,606
80$8,660,618$572,887$0$6,180,038
81$9,462,370$519,328$0$6,720,901
82$10,343,330$460,573$0$7,315,228
83$11,311,495$396,287$0$7,968,472
84$12,375,677$326,114$0$8,686,647
85$13,545,584$249,681$0$9,476,383
86$14,831,910$166,592$0$10,344,987
87$16,246,438$76,429$0$11,300,519
88$17,802,151$0$0$12,351,861
89$19,513,353$0$0$13,515,354
90$21,395,801$0$0$14,821,255
91$23,466,859$0$0$16,258,069
92$25,745,659$0$0$17,839,077
93$28,253,280$0$0$19,578,912
94$31,012,948$0$0$21,493,698
95$34,050,254$0$0$23,601,201
96$37,393,395$0$0$25,920,997
97$41,073,442$0$0$28,474,654
98$45,124,630$0$0$31,285,941
99$49,584,683$0$0$34,381,045
100$54,495,168$0$0$37,788,824