Can I retire at age 51 with 790,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$65,237$64,656$64,089$63,536$62,996$61,423
2 years$32,296$31,694$31,111$30,546$29,998$28,423
3 years$21,317$20,713$20,131$19,571$19,032$17,505
4 years$15,828$15,226$14,650$14,100$13,574$12,106
5 years$12,536$11,937$11,369$10,830$10,319$8,914
6 years$10,342$9,748$9,188$8,661$8,165$6,825
7 years$8,775$8,186$7,635$7,121$6,640$5,365
8 years$7,601$7,017$6,475$5,973$5,509$4,298
9 years$6,688$6,110$5,577$5,088$4,639$3,491
10 years$5,958$5,385$4,862$4,386$3,953$2,867
11 years$5,361$4,794$4,281$3,817$3,399$2,374
12 years$4,864$4,303$3,799$3,348$2,946$1,979
13 years$4,444$3,889$3,394$2,956$2,569$1,658
14 years$4,084$3,535$3,050$2,624$2,252$1,396
15 years$3,772$3,229$2,753$2,340$1,983$1,179
16 years$3,500$2,963$2,496$2,095$1,752$999
17 years$3,260$2,728$2,272$1,883$1,554$849
18 years$3,047$2,521$2,074$1,697$1,382$722
19 years$2,856$2,337$1,898$1,533$1,231$616
20 years$2,685$2,171$1,742$1,388$1,100$526
21 years$2,530$2,022$1,603$1,260$984$450
22 years$2,390$1,888$1,477$1,146$882$385
23 years$2,262$1,766$1,364$1,043$792$330
24 years$2,144$1,654$1,261$952$712$283
25 years$2,037$1,553$1,168$869$641$243
26 years$1,938$1,459$1,083$795$577$208
27 years$1,846$1,373$1,006$727$520$179
28 years$1,761$1,294$935$666$469$154
29 years$1,682$1,221$870$611$424$132
30 years$1,608$1,153$811$561$383$114
31 years$1,539$1,090$756$515$346$98
32 years$1,475$1,031$705$473$313$84
33 years$1,415$977$658$435$283$72
34 years$1,358$926$615$401$257$62
35 years$1,305$878$575$369$232$54
36 years$1,255$833$538$340$211$46
37 years$1,207$791$504$313$191$40
38 years$1,163$752$472$288$173$34
39 years$1,120$715$442$266$157$29
40 years$1,080$680$414$245$142$25
41 years$1,042$648$388$226$129$22
42 years$1,006$617$364$209$117$19
43 years$971$588$342$193$106$16
44 years$939$560$321$178$97$14
45 years$907$534$301$164$88$12
46 years$878$510$283$152$80$10
47 years$849$486$266$140$72$9
48 years$822$464$250$130$66$8
49 years$796$443$235$120$60$7
50 years$771$424$221$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $790,000, adding $6,118 every year, while hoping to spend $38,355 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: 48/31/21 Blend
50$790,000$790,000$790,000$790,000
51$876,891$835,021$822,776$913,502
52$925,524$835,127$809,529$939,742
53$977,833$833,954$794,554$963,870
54$1,034,151$831,396$777,750$989,276
55$1,094,845$827,346$759,016$1,016,096
56$1,160,320$821,687$738,244$1,044,481
57$1,231,018$814,295$715,320$1,074,602
58$1,307,426$805,039$690,127$1,106,648
59$1,390,079$793,782$662,542$1,140,830
60$1,479,566$780,375$632,436$1,177,385
61$1,576,532$764,665$599,674$1,216,574
62$1,681,690$746,485$564,114$1,258,690
63$1,795,821$725,661$525,611$1,304,057
64$1,919,785$702,009$484,009$1,353,038
65$2,054,529$675,333$439,149$1,406,034
66$2,201,093$645,426$390,862$1,463,491
67$2,360,621$612,069$338,973$1,525,908
68$2,534,375$575,031$283,299$1,593,834
69$2,723,740$534,066$223,648$1,667,883
70$2,930,242$488,916$159,821$1,748,735
71$3,155,561$439,307$91,609$1,837,143
72$3,401,545$384,950$18,795$1,933,944
73$3,670,229$325,539$0$2,040,066
74$3,963,853$260,751$0$2,169,738
75$4,284,884$190,246$0$2,316,251
76$4,636,036$113,662$0$2,476,710
77$5,020,300$30,620$0$2,652,571
78$5,440,968$0$0$2,845,445
79$5,901,664$0$0$3,077,334
80$6,406,382$0$0$3,342,910
81$6,959,517$0$0$3,634,054
82$7,565,913$0$0$3,953,324
83$8,230,901$0$0$4,303,541
84$8,960,356$0$0$4,687,810
85$9,760,747$0$0$5,109,551
86$10,639,200$0$0$5,572,533
87$11,603,566$0$0$6,080,906
88$12,662,492$0$0$6,639,242
89$13,825,501$0$0$7,252,578
90$15,103,087$0$0$7,926,462
91$16,506,810$0$0$8,667,008
92$18,049,404$0$0$9,480,949
93$19,744,898$0$0$10,375,703
94$21,608,747$0$0$11,359,446
95$23,657,980$0$0$12,441,180
96$25,911,357$0$0$13,630,828
97$28,389,546$0$0$14,939,321
98$31,115,320$0$0$16,378,702
99$34,113,770$0$0$17,962,240
100$37,412,539$0$0$19,704,556