Can I retire at age 51 with 833,000?

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 $833,000?

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$68,788$68,176$67,578$66,994$66,425$65,110
2 years$34,054$33,419$32,805$32,209$31,631$30,312
3 years$22,477$21,840$21,227$20,637$20,068$18,786
4 years$16,690$16,055$15,448$14,867$14,313$13,077
5 years$13,218$12,587$11,988$11,420$10,880$9,695
6 years$10,905$10,278$9,688$9,132$8,609$7,476
7 years$9,253$8,632$8,051$7,508$7,002$5,920
8 years$8,015$7,399$6,828$6,298$5,808$4,778
9 years$7,052$6,442$5,881$5,365$4,892$3,912
10 years$6,282$5,678$5,127$4,625$4,168$3,238
11 years$5,653$5,055$4,514$4,025$3,584$2,704
12 years$5,129$4,537$4,006$3,530$3,106$2,273
13 years$4,686$4,100$3,579$3,117$2,709$1,921
14 years$4,306$3,727$3,216$2,767$2,374$1,632
15 years$3,978$3,405$2,903$2,467$2,091$1,391
16 years$3,691$3,124$2,632$2,209$1,848$1,190
17 years$3,437$2,877$2,395$1,985$1,638$1,020
18 years$3,213$2,658$2,187$1,789$1,457$877
19 years$3,012$2,464$2,002$1,616$1,298$755
20 years$2,831$2,289$1,837$1,464$1,160$651
21 years$2,668$2,133$1,690$1,329$1,038$562
22 years$2,520$1,991$1,557$1,208$930$486
23 years$2,385$1,862$1,438$1,100$835$421
24 years$2,261$1,744$1,330$1,003$751$364
25 years$2,148$1,637$1,232$916$675$316
26 years$2,043$1,539$1,142$838$608$274
27 years$1,946$1,448$1,061$767$549$238
28 years$1,857$1,364$986$703$495$206
29 years$1,773$1,287$918$644$447$179
30 years$1,696$1,216$855$591$404$156
31 years$1,623$1,149$797$543$365$135
32 years$1,555$1,087$744$499$330$118
33 years$1,492$1,030$694$459$299$102
34 years$1,432$976$649$422$271$89
35 years$1,376$926$606$389$245$78
36 years$1,323$879$567$358$222$67
37 years$1,273$834$531$330$201$59
38 years$1,226$793$497$304$182$51
39 years$1,181$754$466$280$165$44
40 years$1,139$717$437$259$150$39
41 years$1,099$683$409$239$136$34
42 years$1,061$650$384$220$124$29
43 years$1,024$620$360$203$112$26
44 years$990$591$338$188$102$22
45 years$957$563$318$173$92$19
46 years$925$537$298$160$84$17
47 years$895$513$280$148$76$15
48 years$867$490$263$137$69$13
49 years$839$467$248$126$63$11
50 years$813$447$233$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $833,000, adding $3,527 every year, while hoping to spend $35,293 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: 80/10/10 Blend
50$833,000$833,000$833,000$833,000
51$921,604$877,455$864,544$993,555
52$978,056$882,899$855,954$1,046,707
53$1,039,084$887,427$845,894$1,100,051
54$1,105,116$890,956$834,277$1,157,544
55$1,176,624$893,400$821,013$1,219,584
56$1,254,129$894,665$806,005$1,286,611
57$1,338,200$894,653$789,156$1,359,105
58$1,429,464$893,260$770,361$1,437,600
59$1,528,613$890,373$749,512$1,522,680
60$1,636,406$885,875$726,494$1,614,991
61$1,753,677$879,641$701,190$1,715,244
62$1,881,346$871,538$673,474$1,824,223
63$2,020,425$861,424$643,216$1,942,792
64$2,172,025$849,151$610,282$2,071,901
65$2,337,373$834,561$574,527$2,212,601
66$2,517,816$817,485$535,805$2,366,045
67$2,714,838$797,747$493,959$2,533,508
68$2,930,073$775,158$448,828$2,716,395
69$3,165,319$749,519$400,242$2,916,251
70$3,422,556$720,620$348,025$3,134,783
71$3,703,964$688,238$291,991$3,373,870
72$4,011,943$652,136$231,948$3,635,584
73$4,349,137$612,066$167,693$3,922,207
74$4,718,456$567,764$99,018$4,236,258
75$5,123,104$518,951$25,701$4,580,509
76$5,566,613$465,332$0$4,958,018
77$6,052,870$406,596$0$5,377,762
78$6,586,157$342,413$0$5,841,140
79$7,171,190$272,436$0$6,349,528
80$7,813,163$196,297$0$6,907,468
81$8,517,799$113,608$0$7,519,963
82$9,291,399$23,960$0$8,192,526
83$10,140,908$0$0$8,931,233
84$11,073,973$0$0$9,750,820
85$12,099,020$0$0$10,654,123
86$13,225,329$0$0$11,646,688
87$14,463,126$0$0$12,737,528
88$15,823,677$0$0$13,936,575
89$17,319,391$0$0$15,254,768
90$18,963,941$0$0$16,704,163
91$20,772,392$0$0$18,298,038
92$22,761,340$0$0$20,051,024
93$24,949,070$0$0$21,979,243
94$27,355,730$0$0$24,100,455
95$30,003,518$0$0$26,434,230
96$32,916,892$0$0$29,002,129
97$36,122,800$0$0$31,827,909
98$39,650,934$0$0$34,937,747
99$43,534,013$0$0$38,360,485
100$47,808,083$0$0$42,127,904