Can I retire at age 51 with 792,000?

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 $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%13.9%
1 years$65,403$64,820$64,252$63,697$63,155$62,135
2 years$32,378$31,775$31,190$30,624$30,074$29,048
3 years$21,371$20,765$20,182$19,621$19,080$18,082
4 years$15,868$15,264$14,687$14,136$13,608$12,644
5 years$12,568$11,968$11,398$10,858$10,345$9,419
6 years$10,368$9,772$9,211$8,683$8,185$7,298
7 years$8,797$8,207$7,655$7,139$6,657$5,808
8 years$7,620$7,035$6,492$5,988$5,523$4,713
9 years$6,705$6,125$5,591$5,101$4,651$3,879
10 years$5,973$5,399$4,875$4,397$3,963$3,229
11 years$5,375$4,806$4,292$3,827$3,408$2,711
12 years$4,876$4,314$3,809$3,357$2,953$2,292
13 years$4,455$3,899$3,403$2,963$2,575$1,950
14 years$4,094$3,544$3,057$2,630$2,258$1,666
15 years$3,782$3,237$2,760$2,346$1,988$1,429
16 years$3,509$2,970$2,503$2,101$1,757$1,230
17 years$3,268$2,735$2,277$1,887$1,558$1,061
18 years$3,054$2,528$2,079$1,701$1,385$918
19 years$2,863$2,343$1,903$1,537$1,234$796
20 years$2,692$2,177$1,747$1,392$1,103$691
21 years$2,537$2,028$1,607$1,263$987$601
22 years$2,396$1,893$1,481$1,149$884$523
23 years$2,267$1,770$1,367$1,046$794$456
24 years$2,150$1,659$1,264$954$714$397
25 years$2,042$1,556$1,171$871$642$347
26 years$1,942$1,463$1,086$797$578$303
27 years$1,850$1,377$1,009$729$522$265
28 years$1,765$1,297$938$668$471$232
29 years$1,686$1,224$873$613$425$203
30 years$1,612$1,156$813$562$384$178
31 years$1,543$1,093$758$516$347$156
32 years$1,479$1,034$707$475$314$136
33 years$1,418$979$660$436$284$119
34 years$1,362$928$617$402$257$105
35 years$1,308$880$577$370$233$92
36 years$1,258$835$539$340$211$80
37 years$1,210$793$505$314$191$71
38 years$1,166$754$473$289$173$62
39 years$1,123$717$443$267$157$54
40 years$1,083$682$415$246$143$48
41 years$1,045$649$389$227$129$42
42 years$1,008$618$365$209$117$37
43 years$974$589$343$193$107$32
44 years$941$562$322$178$97$28
45 years$910$536$302$165$88$25
46 years$880$511$284$152$80$22
47 years$851$488$266$141$72$19
48 years$824$465$250$130$66$17
49 years$798$444$235$120$60$15
50 years$773$425$221$111$54$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $792,000, adding $5,083 every year, while hoping to spend $59,893 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: 37/43/20 Blend
50$792,000$792,000$792,000$792,000
51$878,027$836,051$823,775$905,055
52$903,860$813,292$787,646$902,373
53$930,321$787,410$748,299$893,486
54$957,410$758,190$705,563$882,653
55$985,126$725,401$659,260$869,733
56$1,013,467$688,804$609,203$854,578
57$1,042,425$648,140$555,196$837,029
58$1,071,994$603,140$497,036$816,919
59$1,102,160$553,517$434,510$794,069
60$1,132,909$498,968$367,395$768,293
61$1,164,222$439,173$295,459$739,388
62$1,196,075$373,796$218,459$707,144
63$1,228,440$302,477$136,143$671,335
64$1,261,283$224,840$48,246$631,723
65$1,294,563$140,487$0$588,056
66$1,328,234$48,996$0$549,785
67$1,362,240$0$0$518,524
68$1,396,519$0$0$507,425
69$1,430,996$0$0$519,530
70$1,465,590$0$0$531,621
71$1,500,204$0$0$543,657
72$1,534,730$0$0$555,591
73$1,569,045$0$0$567,372
74$1,603,010$0$0$578,941
75$1,636,468$0$0$590,231
76$1,669,243$0$0$601,168
77$1,701,134$0$0$611,669
78$1,731,920$0$0$621,640
79$1,761,350$0$0$630,977
80$1,789,145$0$0$639,563
81$1,814,990$0$0$647,268
82$1,838,538$0$0$653,947
83$1,859,398$0$0$659,438
84$1,877,135$0$0$663,561
85$1,891,266$0$0$666,115
86$1,901,252$0$0$666,878
87$1,906,494$0$0$665,603
88$1,906,328$0$0$662,015
89$1,900,014$0$0$655,810
90$1,886,732$0$0$646,649
91$1,865,572$0$0$634,158
92$1,835,525$0$0$617,921
93$1,795,473$0$0$597,480
94$1,744,176$0$0$572,324
95$1,680,262$0$0$541,890
96$1,602,212$0$0$505,555
97$1,508,344$0$0$462,627
98$1,396,796$0$0$412,344
99$1,265,510$0$0$353,863
100$1,112,210$0$0$286,248