Can I retire at age 51 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$65,155$64,575$64,008$63,456$62,916$61,620
2 years$32,255$31,654$31,072$30,508$29,960$28,661
3 years$21,290$20,686$20,106$19,546$19,008$17,745
4 years$15,808$15,207$14,632$14,082$13,557$12,340
5 years$12,520$11,922$11,355$10,816$10,305$9,139
6 years$10,329$9,735$9,176$8,650$8,154$7,039
7 years$8,764$8,176$7,626$7,112$6,632$5,568
8 years$7,591$7,008$6,467$5,966$5,502$4,489
9 years$6,679$6,102$5,570$5,082$4,633$3,671
10 years$5,950$5,378$4,856$4,380$3,948$3,035
11 years$5,354$4,788$4,275$3,812$3,395$2,531
12 years$4,858$4,298$3,794$3,344$2,942$2,125
13 years$4,438$3,884$3,390$2,952$2,566$1,794
14 years$4,079$3,530$3,046$2,621$2,249$1,521
15 years$3,768$3,225$2,750$2,337$1,980$1,295
16 years$3,496$2,959$2,493$2,093$1,750$1,106
17 years$3,256$2,725$2,269$1,880$1,552$947
18 years$3,043$2,518$2,071$1,694$1,380$813
19 years$2,853$2,334$1,896$1,531$1,230$699
20 years$2,682$2,169$1,740$1,387$1,098$602
21 years$2,527$2,020$1,600$1,258$983$519
22 years$2,387$1,885$1,475$1,144$881$448
23 years$2,259$1,763$1,362$1,042$791$387
24 years$2,142$1,652$1,260$950$711$335
25 years$2,034$1,551$1,167$868$640$290
26 years$1,935$1,457$1,082$794$576$251
27 years$1,843$1,371$1,005$726$520$217
28 years$1,759$1,292$934$666$469$188
29 years$1,680$1,219$869$610$423$163
30 years$1,606$1,151$810$560$382$142
31 years$1,537$1,088$755$514$346$123
32 years$1,473$1,030$704$473$313$107
33 years$1,413$975$658$435$283$93
34 years$1,356$924$614$400$256$81
35 years$1,303$877$574$368$232$70
36 years$1,253$832$537$339$210$61
37 years$1,206$790$503$312$191$53
38 years$1,161$751$471$288$173$46
39 years$1,119$714$441$266$157$40
40 years$1,079$680$414$245$142$35
41 years$1,041$647$388$226$129$30
42 years$1,005$616$364$209$117$26
43 years$970$587$341$193$106$23
44 years$937$560$320$178$96$20
45 years$906$534$301$164$88$17
46 years$877$509$283$152$79$15
47 years$848$486$265$140$72$13
48 years$821$464$249$129$66$11
49 years$795$443$234$120$60$10
50 years$770$423$220$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $789,000, adding $4,902 every year, while hoping to spend $26,197 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: 61/33/6 Blend
50$789,000$789,000$789,000$789,000
51$874,534$832,717$820,488$926,613
52$935,864$845,647$820,101$974,939
53$1,002,570$858,332$818,823$1,024,163
54$1,075,175$870,734$816,596$1,077,198
55$1,154,252$882,808$813,361$1,134,409
56$1,240,431$894,511$809,054$1,196,202
57$1,334,406$905,793$803,608$1,263,021
58$1,436,941$916,603$796,955$1,335,359
59$1,548,877$926,885$789,021$1,413,757
60$1,671,140$936,579$779,731$1,498,812
61$1,804,748$945,624$769,004$1,591,183
62$1,950,824$953,951$756,757$1,691,594
63$2,110,602$961,488$742,902$1,800,847
64$2,285,442$968,160$727,348$1,919,823
65$2,476,843$973,885$710,000$2,049,494
66$2,686,452$978,577$690,756$2,190,934
67$2,916,086$982,143$669,512$2,345,325
68$3,167,744$984,486$646,158$2,513,970
69$3,443,630$985,501$620,580$2,698,307
70$3,746,168$985,079$592,658$2,899,921
71$4,078,031$983,101$562,265$3,120,560
72$4,442,161$979,444$529,272$3,362,150
73$4,841,799$973,975$493,541$3,626,818
74$5,280,517$966,554$454,928$3,916,905
75$5,762,246$957,032$413,285$4,234,994
76$6,291,321$945,251$368,456$4,583,935
77$6,872,512$931,046$320,276$4,966,867
78$7,511,079$914,237$268,576$5,387,253
79$8,212,813$894,639$213,177$5,848,911
80$8,984,096$872,052$153,894$6,356,050
81$9,831,956$846,265$90,532$6,913,312
82$10,764,141$817,057$22,890$7,525,813
83$11,789,182$784,192$0$8,199,195
84$12,916,480$747,419$0$8,942,833
85$14,156,395$706,476$0$9,762,199
86$15,520,337$661,083$0$10,663,400
87$17,020,881$610,946$0$11,654,786
88$18,671,881$555,753$0$12,745,562
89$20,488,602$495,173$0$13,945,877
90$22,487,861$428,859$0$15,266,914
91$24,688,192$356,442$0$16,721,004
92$27,110,014$277,534$0$18,321,740
93$29,775,826$191,724$0$20,084,103
94$32,710,419$98,577$0$22,024,608
95$35,941,111$0$0$24,161,460
96$39,498,001$0$0$26,515,585
97$43,414,258$0$0$29,147,044
98$47,726,427$0$0$32,044,609
99$52,474,781$0$0$35,235,349
100$57,703,696$0$0$38,749,093