Can I retire at age 51 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$65,320$64,738$64,171$63,616$63,075$60,886
2 years$32,337$31,734$31,151$30,585$30,036$27,853
3 years$21,344$20,739$20,157$19,596$19,056$16,948
4 years$15,848$15,245$14,669$14,118$13,591$11,573
5 years$12,552$11,952$11,384$10,844$10,332$8,410
6 years$10,355$9,760$9,200$8,672$8,175$6,352
7 years$8,786$8,196$7,645$7,130$6,648$4,923
8 years$7,610$7,026$6,484$5,981$5,516$3,886
9 years$6,696$6,117$5,584$5,094$4,645$3,109
10 years$5,965$5,392$4,868$4,391$3,958$2,513
11 years$5,368$4,800$4,286$3,822$3,404$2,048
12 years$4,870$4,308$3,804$3,352$2,950$1,679
13 years$4,449$3,894$3,398$2,960$2,572$1,384
14 years$4,089$3,539$3,054$2,627$2,255$1,145
15 years$3,777$3,233$2,757$2,343$1,985$950
16 years$3,504$2,966$2,500$2,098$1,755$791
17 years$3,264$2,732$2,275$1,885$1,556$659
18 years$3,051$2,524$2,076$1,699$1,383$551
19 years$2,860$2,340$1,901$1,535$1,233$461
20 years$2,688$2,174$1,744$1,390$1,101$386
21 years$2,533$2,025$1,605$1,262$986$324
22 years$2,393$1,890$1,479$1,147$883$272
23 years$2,265$1,768$1,365$1,045$793$228
24 years$2,147$1,656$1,263$953$713$192
25 years$2,039$1,554$1,170$870$641$161
26 years$1,940$1,461$1,085$796$578$136
27 years$1,848$1,375$1,007$728$521$114
28 years$1,763$1,296$936$667$470$96
29 years$1,684$1,222$871$612$424$81
30 years$1,610$1,154$812$562$383$68
31 years$1,541$1,091$757$516$347$57
32 years$1,477$1,032$706$474$314$48
33 years$1,417$978$659$436$284$41
34 years$1,360$927$616$401$257$34
35 years$1,307$879$576$369$233$29
36 years$1,256$834$539$340$211$24
37 years$1,209$792$504$313$191$21
38 years$1,164$753$472$289$173$17
39 years$1,122$716$442$266$157$15
40 years$1,081$681$415$246$143$12
41 years$1,043$649$389$227$129$10
42 years$1,007$618$365$209$117$9
43 years$973$588$342$193$106$7
44 years$940$561$321$178$97$6
45 years$909$535$302$165$88$5
46 years$879$510$283$152$80$4
47 years$850$487$266$140$72$4
48 years$823$465$250$130$66$3
49 years$797$444$235$120$60$3
50 years$772$424$221$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $791,000, adding $6,234 every year, while hoping to spend $29,408 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: 49/30/21 Blend
50$791,000$791,000$791,000$791,000
51$878,112$836,189$823,929$915,672
52$936,390$845,873$820,241$952,093
53$999,626$855,045$815,443$988,155
54$1,068,296$863,650$809,468$1,026,720
55$1,142,921$871,628$802,245$1,068,034
56$1,224,076$878,915$793,697$1,112,372
57$1,312,394$885,444$783,748$1,160,037
58$1,408,569$891,141$772,314$1,211,363
59$1,513,366$895,930$759,310$1,266,721
60$1,627,628$899,729$744,645$1,326,521
61$1,752,282$902,452$728,226$1,391,216
62$1,888,347$904,004$709,955$1,461,305
63$2,036,947$904,289$689,727$1,537,342
64$2,199,318$903,202$667,435$1,619,938
65$2,376,820$900,631$642,966$1,709,768
66$2,570,953$896,459$616,202$1,807,580
67$2,783,366$890,561$587,021$1,914,199
68$3,015,875$882,804$555,292$2,030,534
69$3,270,482$873,049$520,881$2,157,595
70$3,549,388$861,146$483,648$2,296,491
71$3,855,021$846,936$443,445$2,448,453
72$4,190,051$830,254$400,119$2,614,837
73$4,557,421$810,922$353,508$2,797,141
74$4,960,373$788,752$303,445$2,997,020
75$5,402,476$763,546$249,755$3,216,302
76$5,887,662$735,093$192,256$3,457,003
77$6,420,262$703,171$130,755$3,721,352
78$7,005,047$667,545$65,053$4,011,806
79$7,647,272$627,965$0$4,331,082
80$8,352,728$584,169$0$4,683,308
81$9,127,791$535,878$0$5,086,288
82$9,979,488$482,799$0$5,529,131
83$10,915,558$424,619$0$6,015,918
84$11,944,530$361,010$0$6,551,150
85$13,075,799$291,625$0$7,139,791
86$14,319,713$216,098$0$7,787,313
87$15,687,678$134,041$0$8,499,752
88$17,192,256$45,044$0$9,283,763
89$18,847,292$0$0$10,146,684
90$20,668,036$0$0$11,113,551
91$22,671,293$0$0$12,193,797
92$24,875,578$0$0$13,382,547
93$27,301,293$0$0$14,690,816
94$29,970,915$0$0$16,130,742
95$32,909,213$0$0$17,715,696
96$36,143,476$0$0$19,460,413
97$39,703,777$0$0$21,381,130
98$43,623,249$0$0$23,495,735
99$47,938,403$0$0$25,823,944
100$52,689,467$0$0$28,387,476