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%17.6%
1 years$65,155$64,575$64,008$63,456$62,916$60,975
2 years$32,255$31,654$31,072$30,508$29,960$28,022
3 years$21,290$20,686$20,106$19,546$19,008$17,133
4 years$15,808$15,207$14,632$14,082$13,557$11,759
5 years$12,520$11,922$11,355$10,816$10,305$8,591
6 years$10,329$9,735$9,176$8,650$8,154$6,523
7 years$8,764$8,176$7,626$7,112$6,632$5,085
8 years$7,591$7,008$6,467$5,966$5,502$4,037
9 years$6,679$6,102$5,570$5,082$4,633$3,250
10 years$5,950$5,378$4,856$4,380$3,948$2,644
11 years$5,354$4,788$4,275$3,812$3,395$2,168
12 years$4,858$4,298$3,794$3,344$2,942$1,790
13 years$4,438$3,884$3,390$2,952$2,566$1,485
14 years$4,079$3,530$3,046$2,621$2,249$1,237
15 years$3,768$3,225$2,750$2,337$1,980$1,034
16 years$3,496$2,959$2,493$2,093$1,750$867
17 years$3,256$2,725$2,269$1,880$1,552$728
18 years$3,043$2,518$2,071$1,694$1,380$613
19 years$2,853$2,334$1,896$1,531$1,230$517
20 years$2,682$2,169$1,740$1,387$1,098$436
21 years$2,527$2,020$1,600$1,258$983$369
22 years$2,387$1,885$1,475$1,144$881$312
23 years$2,259$1,763$1,362$1,042$791$264
24 years$2,142$1,652$1,260$950$711$224
25 years$2,034$1,551$1,167$868$640$190
26 years$1,935$1,457$1,082$794$576$161
27 years$1,843$1,371$1,005$726$520$137
28 years$1,759$1,292$934$666$469$116
29 years$1,680$1,219$869$610$423$98
30 years$1,606$1,151$810$560$382$84
31 years$1,537$1,088$755$514$346$71
32 years$1,473$1,030$704$473$313$60
33 years$1,413$975$658$435$283$51
34 years$1,356$924$614$400$256$44
35 years$1,303$877$574$368$232$37
36 years$1,253$832$537$339$210$31
37 years$1,206$790$503$312$191$27
38 years$1,161$751$471$288$173$23
39 years$1,119$714$441$266$157$19
40 years$1,079$680$414$245$142$16
41 years$1,041$647$388$226$129$14
42 years$1,005$616$364$209$117$12
43 years$970$587$341$193$106$10
44 years$937$560$320$178$96$9
45 years$906$534$301$164$88$7
46 years$877$509$283$152$79$6
47 years$848$486$265$140$72$5
48 years$821$464$249$129$66$4
49 years$795$443$234$120$60$4
50 years$770$423$220$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $789,000, adding $3,832 every year, while hoping to spend $23,864 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: 60/18/22 Blend
50$789,000$789,000$789,000$789,000
51$873,431$831,614$819,384$920,535
52$937,130$846,972$821,442$968,292
53$1,006,526$862,282$822,770$1,017,431
54$1,082,175$877,518$823,317$1,070,516
55$1,164,690$892,650$823,031$1,127,933
56$1,254,744$907,645$821,858$1,190,109
57$1,353,078$922,469$819,740$1,257,515
58$1,460,508$937,086$816,617$1,330,669
59$1,577,932$951,456$812,426$1,410,145
60$1,706,339$965,536$807,101$1,496,573
61$1,846,820$979,280$800,572$1,590,649
62$2,000,571$992,641$792,768$1,693,139
63$2,168,915$1,005,566$783,611$1,804,891
64$2,353,305$1,018,000$773,023$1,926,837
65$2,555,343$1,029,882$760,919$2,060,006
66$2,776,791$1,041,149$747,213$2,205,531
67$3,019,592$1,051,734$731,813$2,364,664
68$3,285,885$1,061,564$714,624$2,538,783
69$3,578,027$1,070,562$695,545$2,729,410
70$3,898,611$1,078,645$674,471$2,938,220
71$4,250,498$1,085,727$651,295$3,167,063
72$4,636,835$1,091,714$625,899$3,417,978
73$5,061,092$1,096,508$598,166$3,693,210
74$5,527,088$1,100,002$567,970$3,995,240
75$6,039,034$1,102,084$535,180$4,326,799
76$6,601,566$1,102,637$499,659$4,690,899
77$7,219,793$1,101,533$461,264$5,090,863
78$7,899,342$1,098,639$419,847$5,530,351
79$8,646,413$1,093,811$375,251$6,013,402
80$9,467,839$1,086,898$327,312$6,544,467
81$10,371,143$1,077,741$275,862$7,128,452
82$11,364,619$1,066,170$220,723$7,770,768
83$12,457,400$1,052,003$161,708$8,477,379
84$13,659,554$1,035,050$98,624$9,254,861
85$14,982,170$1,015,108$31,269$10,110,461
86$16,437,467$991,964$0$11,052,172
87$18,038,908$965,390$0$12,098,335
88$19,801,328$935,145$0$13,257,581
89$21,741,072$900,976$0$14,533,322
90$23,876,150$862,613$0$15,937,414
91$26,226,407$819,771$0$17,482,925
92$28,813,710$772,148$0$19,184,255
93$31,662,151$719,427$0$21,057,275
94$34,798,282$661,270$0$23,119,475
95$38,251,355$597,320$0$25,390,131
96$42,053,606$527,202$0$27,890,485
97$46,240,557$450,518$0$30,643,948
98$50,851,347$366,847$0$33,676,319
99$55,929,107$275,745$0$37,016,032
100$61,521,362$176,743$0$40,694,423