Can I retire at age 51 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$65,485$64,902$64,333$63,777$63,235$61,064
2 years$32,418$31,815$31,230$30,662$30,112$27,947
3 years$21,398$20,791$20,208$19,646$19,104$17,013
4 years$15,888$15,284$14,706$14,154$13,625$11,624
5 years$12,584$11,983$11,412$10,871$10,358$8,452
6 years$10,381$9,785$9,223$8,694$8,196$6,386
7 years$8,809$8,217$7,664$7,148$6,665$4,952
8 years$7,630$7,044$6,500$5,996$5,530$3,911
9 years$6,713$6,133$5,598$5,107$4,657$3,131
10 years$5,981$5,406$4,881$4,403$3,968$2,533
11 years$5,381$4,812$4,297$3,832$3,412$2,065
12 years$4,883$4,319$3,813$3,361$2,957$1,694
13 years$4,461$3,903$3,407$2,967$2,579$1,397
14 years$4,100$3,548$3,061$2,634$2,260$1,157
15 years$3,787$3,241$2,764$2,349$1,990$961
16 years$3,513$2,974$2,506$2,103$1,759$800
17 years$3,272$2,739$2,280$1,890$1,560$668
18 years$3,058$2,531$2,082$1,703$1,387$558
19 years$2,867$2,345$1,906$1,539$1,236$468
20 years$2,695$2,180$1,749$1,394$1,104$392
21 years$2,540$2,030$1,609$1,265$988$329
22 years$2,399$1,895$1,483$1,150$886$276
23 years$2,270$1,772$1,369$1,047$795$232
24 years$2,153$1,661$1,266$955$715$196
25 years$2,044$1,558$1,173$872$643$165
26 years$1,945$1,465$1,088$798$579$139
27 years$1,853$1,378$1,010$730$522$117
28 years$1,767$1,299$939$669$471$98
29 years$1,688$1,225$874$613$425$83
30 years$1,614$1,157$814$563$384$70
31 years$1,545$1,094$759$517$348$59
32 years$1,481$1,035$708$475$314$50
33 years$1,420$980$661$437$285$42
34 years$1,363$929$617$402$258$35
35 years$1,310$881$577$370$233$30
36 years$1,259$836$540$341$211$25
37 years$1,212$794$505$314$192$21
38 years$1,167$755$473$289$174$18
39 years$1,124$718$443$267$158$15
40 years$1,084$683$416$246$143$13
41 years$1,046$650$390$227$130$11
42 years$1,010$619$366$210$118$9
43 years$975$590$343$194$107$8
44 years$942$562$322$179$97$6
45 years$911$536$302$165$88$5
46 years$881$512$284$152$80$5
47 years$852$488$267$141$73$4
48 years$825$466$251$130$66$3
49 years$799$445$236$120$60$3
50 years$774$425$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $793,000, adding $3,375 every year, while hoping to spend $40,222 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: 74/7/19 Blend
50$793,000$793,000$793,000$793,000
51$877,367$835,338$823,047$938,135
52$924,063$833,474$807,823$977,034
53$974,173$830,170$790,741$1,014,417
54$1,028,005$825,314$771,696$1,054,337
55$1,085,892$818,786$750,579$1,097,040
56$1,148,205$810,458$727,275$1,142,793
57$1,215,347$800,196$701,665$1,191,894
58$1,287,764$787,857$673,622$1,244,670
59$1,365,943$773,289$643,016$1,301,482
60$1,450,422$756,333$609,709$1,362,730
61$1,541,790$736,818$573,559$1,428,855
62$1,640,696$714,565$534,417$1,500,342
63$1,747,851$689,383$492,124$1,577,728
64$1,864,040$661,071$446,519$1,661,606
65$1,990,125$629,416$397,429$1,752,628
66$2,127,053$594,193$344,678$1,851,517
67$2,275,866$555,162$288,079$1,959,069
68$2,437,712$512,073$227,437$2,076,161
69$2,613,851$464,657$162,549$2,203,765
70$2,805,673$412,635$93,204$2,342,950
71$3,014,705$355,707$19,179$2,494,896
72$3,242,628$293,560$0$2,660,907
73$3,491,293$225,861$0$2,854,546
74$3,762,736$152,259$0$3,070,210
75$4,059,199$72,383$0$3,305,808
76$4,383,149$0$0$3,563,323
77$4,737,306$0$0$3,846,031
78$5,124,659$0$0$4,161,370
79$5,548,502$0$0$4,506,449
80$6,012,463$0$0$4,884,225
81$6,520,536$0$0$5,297,956
82$7,077,119$0$0$5,751,226
83$7,687,054$0$0$6,247,985
84$8,355,677$0$0$6,792,584
85$9,088,863$0$0$7,389,811
86$9,893,083$0$0$8,044,944
87$10,775,463$0$0$8,763,793
88$11,743,855$0$0$9,552,761
89$12,806,905$0$0$10,418,897
90$13,974,139$0$0$11,369,970
91$15,256,051$0$0$12,414,535
92$16,664,199$0$0$13,562,018
93$18,211,317$0$0$14,822,801
94$19,911,433$0$0$16,208,325
95$21,780,002$0$0$17,731,190
96$23,834,049$0$0$19,405,281
97$26,092,333$0$0$21,245,892
98$28,575,518$0$0$23,269,876
99$31,306,374$0$0$25,495,799
100$34,309,986$0$0$27,944,116