Can I retire at age 51 with 790,000?

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 $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 years$65,237$64,656$64,089$63,536$62,996$61,448
2 years$32,296$31,694$31,111$30,546$29,998$28,448
3 years$21,317$20,713$20,131$19,571$19,032$17,528
4 years$15,828$15,226$14,650$14,100$13,574$12,128
5 years$12,536$11,937$11,369$10,830$10,319$8,935
6 years$10,342$9,748$9,188$8,661$8,165$6,845
7 years$8,775$8,186$7,635$7,121$6,640$5,384
8 years$7,601$7,017$6,475$5,973$5,509$4,315
9 years$6,688$6,110$5,577$5,088$4,639$3,508
10 years$5,958$5,385$4,862$4,386$3,953$2,882
11 years$5,361$4,794$4,281$3,817$3,399$2,388
12 years$4,864$4,303$3,799$3,348$2,946$1,992
13 years$4,444$3,889$3,394$2,956$2,569$1,670
14 years$4,084$3,535$3,050$2,624$2,252$1,407
15 years$3,772$3,229$2,753$2,340$1,983$1,189
16 years$3,500$2,963$2,496$2,095$1,752$1,009
17 years$3,260$2,728$2,272$1,883$1,554$857
18 years$3,047$2,521$2,074$1,697$1,382$730
19 years$2,856$2,337$1,898$1,533$1,231$623
20 years$2,685$2,171$1,742$1,388$1,100$533
21 years$2,530$2,022$1,603$1,260$984$456
22 years$2,390$1,888$1,477$1,146$882$390
23 years$2,262$1,766$1,364$1,043$792$335
24 years$2,144$1,654$1,261$952$712$287
25 years$2,037$1,553$1,168$869$641$247
26 years$1,938$1,459$1,083$795$577$212
27 years$1,846$1,373$1,006$727$520$182
28 years$1,761$1,294$935$666$469$157
29 years$1,682$1,221$870$611$424$135
30 years$1,608$1,153$811$561$383$116
31 years$1,539$1,090$756$515$346$100
32 years$1,475$1,031$705$473$313$86
33 years$1,415$977$658$435$283$74
34 years$1,358$926$615$401$257$64
35 years$1,305$878$575$369$232$55
36 years$1,255$833$538$340$211$47
37 years$1,207$791$504$313$191$41
38 years$1,163$752$472$288$173$35
39 years$1,120$715$442$266$157$30
40 years$1,080$680$414$245$142$26
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$17
44 years$939$560$321$178$97$14
45 years$907$534$301$164$88$12
46 years$878$510$283$152$80$11
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 $4,387 every year, while hoping to spend $34,019 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: 75/20/5 Blend
50$790,000$790,000$790,000$790,000
51$875,105$833,235$820,990$940,114
52$928,170$837,868$812,297$988,077
53$985,507$841,587$802,173$1,035,824
54$1,047,517$844,313$790,534$1,087,148
55$1,114,638$845,959$777,291$1,142,392
56$1,187,354$846,434$762,354$1,201,930
57$1,266,197$845,642$745,625$1,266,176
58$1,351,750$843,479$727,005$1,335,587
59$1,444,657$839,838$706,387$1,410,666
60$1,545,623$834,601$683,662$1,491,966
61$1,655,426$827,646$658,715$1,580,099
62$1,774,922$818,843$631,425$1,675,738
63$1,905,052$808,054$601,665$1,779,625
64$2,046,851$795,133$569,305$1,892,581
65$2,201,460$779,925$534,207$2,015,506
66$2,370,133$762,264$496,226$2,149,396
67$2,554,250$741,979$455,213$2,295,348
68$2,755,331$718,884$411,010$2,454,572
69$2,975,050$692,784$363,454$2,628,401
70$3,215,248$663,474$312,373$2,818,306
71$3,477,954$630,735$257,589$3,025,908
72$3,765,401$594,336$198,913$3,252,995
73$4,080,047$554,034$136,152$3,501,539
74$4,424,600$509,570$69,102$3,773,711
75$4,802,042$460,672$0$4,071,909
76$5,215,656$407,050$0$4,398,905
77$5,669,059$348,402$0$4,761,425
78$6,166,233$284,403$0$5,159,002
79$6,711,565$214,715$0$5,595,191
80$7,309,887$138,978$0$6,073,911
81$7,966,521$56,813$0$6,599,479
82$8,687,328$0$0$7,176,657
83$9,478,767$0$0$7,817,776
84$10,347,950$0$0$8,535,639
85$11,302,715$0$0$9,324,218
86$12,351,692$0$0$10,190,647
87$13,504,392$0$0$11,142,786
88$14,771,292$0$0$12,189,292
89$16,163,933$0$0$13,339,706
90$17,695,031$0$0$14,604,536
91$19,378,597$0$0$15,995,360
92$21,230,064$0$0$17,524,934
93$23,266,439$0$0$19,207,314
94$25,506,457$0$0$21,057,984
95$27,970,763$0$0$23,094,005
96$30,682,102$0$0$25,334,176
97$33,665,534$0$0$27,799,208
98$36,948,673$0$0$30,511,924
99$40,561,944$0$0$33,497,468
100$44,538,870$0$0$36,783,548