Can I retire at age 51 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$65,403$64,820$64,252$63,697$63,155$61,134
2 years$32,378$31,775$31,190$30,624$30,074$28,056
3 years$21,371$20,765$20,182$19,621$19,080$17,129
4 years$15,868$15,264$14,687$14,136$13,608$11,739
5 years$12,568$11,968$11,398$10,858$10,345$8,562
6 years$10,368$9,772$9,211$8,683$8,185$6,491
7 years$8,797$8,207$7,655$7,139$6,657$5,051
8 years$7,620$7,035$6,492$5,988$5,523$4,003
9 years$6,705$6,125$5,591$5,101$4,651$3,217
10 years$5,973$5,399$4,875$4,397$3,963$2,612
11 years$5,375$4,806$4,292$3,827$3,408$2,138
12 years$4,876$4,314$3,809$3,357$2,953$1,761
13 years$4,455$3,899$3,403$2,963$2,575$1,458
14 years$4,094$3,544$3,057$2,630$2,258$1,212
15 years$3,782$3,237$2,760$2,346$1,988$1,011
16 years$3,509$2,970$2,503$2,101$1,757$846
17 years$3,268$2,735$2,277$1,887$1,558$709
18 years$3,054$2,528$2,079$1,701$1,385$596
19 years$2,863$2,343$1,903$1,537$1,234$501
20 years$2,692$2,177$1,747$1,392$1,103$422
21 years$2,537$2,028$1,607$1,263$987$356
22 years$2,396$1,893$1,481$1,149$884$300
23 years$2,267$1,770$1,367$1,046$794$254
24 years$2,150$1,659$1,264$954$714$214
25 years$2,042$1,556$1,171$871$642$181
26 years$1,942$1,463$1,086$797$578$153
27 years$1,850$1,377$1,009$729$522$130
28 years$1,765$1,297$938$668$471$110
29 years$1,686$1,224$873$613$425$93
30 years$1,612$1,156$813$562$384$79
31 years$1,543$1,093$758$516$347$67
32 years$1,479$1,034$707$475$314$57
33 years$1,418$979$660$436$284$48
34 years$1,362$928$617$402$257$41
35 years$1,308$880$577$370$233$34
36 years$1,258$835$539$340$211$29
37 years$1,210$793$505$314$191$25
38 years$1,166$754$473$289$173$21
39 years$1,123$717$443$267$157$18
40 years$1,083$682$415$246$143$15
41 years$1,045$649$389$227$129$13
42 years$1,008$618$365$209$117$11
43 years$974$589$343$193$107$9
44 years$941$562$322$178$97$8
45 years$910$536$302$165$88$7
46 years$880$511$284$152$80$6
47 years$851$488$266$141$72$5
48 years$824$465$250$130$66$4
49 years$798$444$235$120$60$3
50 years$773$425$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $792,000, adding $6,838 every year, while hoping to spend $55,017 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: 45/37/18 Blend
50$792,000$792,000$792,000$792,000
51$879,837$837,861$825,585$914,600
52$911,043$820,379$794,705$922,140
53$943,588$800,196$760,946$924,294
54$977,550$777,122$724,154$925,469
55$1,013,015$750,955$684,168$925,599
56$1,050,073$721,483$640,818$924,615
57$1,088,824$688,479$593,928$922,445
58$1,129,374$651,704$543,315$919,015
59$1,171,839$610,907$488,785$914,250
60$1,216,344$565,819$430,137$908,071
61$1,263,026$516,159$367,162$900,396
62$1,312,032$461,628$299,639$891,142
63$1,363,522$401,910$227,339$880,224
64$1,417,670$336,673$150,024$867,555
65$1,474,666$265,563$67,443$853,044
66$1,534,716$188,210$0$836,603
67$1,598,045$104,220$0$822,111
68$1,664,897$13,178$0$819,587
69$1,735,539$0$0$816,024
70$1,810,262$0$0$846,139
71$1,889,385$0$0$883,752
72$1,973,255$0$0$923,667
73$2,062,250$0$0$966,071
74$2,156,786$0$0$1,011,169
75$2,257,317$0$0$1,059,183
76$2,364,339$0$0$1,110,358
77$2,478,395$0$0$1,164,962
78$2,600,082$0$0$1,223,288
79$2,730,050$0$0$1,285,658
80$2,869,016$0$0$1,352,423
81$3,017,761$0$0$1,423,971
82$3,177,146$0$0$1,500,725
83$3,348,112$0$0$1,583,150
84$3,531,695$0$0$1,671,758
85$3,729,028$0$0$1,767,107
86$3,941,358$0$0$1,869,815
87$4,170,053$0$0$1,980,557
88$4,416,614$0$0$2,100,074
89$4,682,694$0$0$2,229,184
90$4,970,104$0$0$2,368,783
91$5,280,838$0$0$2,519,855
92$5,617,087$0$0$2,683,485
93$5,981,257$0$0$2,860,863
94$6,375,996$0$0$3,053,299
95$6,804,215$0$0$3,262,233
96$7,269,115$0$0$3,489,250
97$7,774,217$0$0$3,736,092
98$8,323,395$0$0$4,004,676
99$8,920,909$0$0$4,297,112
100$9,571,449$0$0$4,615,721