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%11.3%
1 years$65,485$64,902$64,333$63,777$63,235$62,889
2 years$32,418$31,815$31,230$30,662$30,112$29,763
3 years$21,398$20,791$20,208$19,646$19,104$18,763
4 years$15,888$15,284$14,706$14,154$13,625$13,294
5 years$12,584$11,983$11,412$10,871$10,358$10,038
6 years$10,381$9,785$9,223$8,694$8,196$7,888
7 years$8,809$8,217$7,664$7,148$6,665$6,369
8 years$7,630$7,044$6,500$5,996$5,530$5,245
9 years$6,713$6,133$5,598$5,107$4,657$4,384
10 years$5,981$5,406$4,881$4,403$3,968$3,707
11 years$5,381$4,812$4,297$3,832$3,412$3,163
12 years$4,883$4,319$3,813$3,361$2,957$2,719
13 years$4,461$3,903$3,407$2,967$2,579$2,352
14 years$4,100$3,548$3,061$2,634$2,260$2,044
15 years$3,787$3,241$2,764$2,349$1,990$1,785
16 years$3,513$2,974$2,506$2,103$1,759$1,563
17 years$3,272$2,739$2,280$1,890$1,560$1,374
18 years$3,058$2,531$2,082$1,703$1,387$1,211
19 years$2,867$2,345$1,906$1,539$1,236$1,069
20 years$2,695$2,180$1,749$1,394$1,104$946
21 years$2,540$2,030$1,609$1,265$988$839
22 years$2,399$1,895$1,483$1,150$886$745
23 years$2,270$1,772$1,369$1,047$795$662
24 years$2,153$1,661$1,266$955$715$589
25 years$2,044$1,558$1,173$872$643$525
26 years$1,945$1,465$1,088$798$579$468
27 years$1,853$1,378$1,010$730$522$418
28 years$1,767$1,299$939$669$471$373
29 years$1,688$1,225$874$613$425$334
30 years$1,614$1,157$814$563$384$298
31 years$1,545$1,094$759$517$348$267
32 years$1,481$1,035$708$475$314$239
33 years$1,420$980$661$437$285$214
34 years$1,363$929$617$402$258$192
35 years$1,310$881$577$370$233$172
36 years$1,259$836$540$341$211$154
37 years$1,212$794$505$314$192$138
38 years$1,167$755$473$289$174$124
39 years$1,124$718$443$267$158$111
40 years$1,084$683$416$246$143$100
41 years$1,046$650$390$227$130$89
42 years$1,010$619$366$210$118$80
43 years$975$590$343$194$107$72
44 years$942$562$322$179$97$65
45 years$911$536$302$165$88$58
46 years$881$512$284$152$80$52
47 years$852$488$267$141$73$47
48 years$825$466$251$130$66$42
49 years$799$445$236$120$60$38
50 years$774$425$222$111$54$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $793,000, adding $6,740 every year, while hoping to spend $53,702 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: 53/38/9 Blend
50$793,000$793,000$793,000$793,000
51$880,838$838,809$826,518$925,181
52$913,545$822,772$797,068$940,003
53$947,789$804,150$764,831$949,718
54$983,668$782,758$729,658$959,015
55$1,021,292$758,404$691,392$967,867
56$1,060,779$730,880$649,868$976,246
57$1,102,255$699,970$604,915$984,122
58$1,145,861$665,444$556,355$991,470
59$1,191,746$627,058$504,001$998,262
60$1,240,075$584,555$447,656$1,004,475
61$1,291,027$537,663$387,117$1,010,085
62$1,344,796$486,093$322,170$1,015,073
63$1,401,596$429,542$252,593$1,019,419
64$1,461,658$367,689$178,154$1,023,110
65$1,525,235$300,193$98,610$1,026,137
66$1,592,603$226,697$13,707$1,028,493
67$1,664,064$146,820$0$1,030,180
68$1,739,948$60,164$0$1,038,591
69$1,820,616$0$0$1,048,241
70$1,906,462$0$0$1,071,954
71$1,997,920$0$0$1,124,062
72$2,095,461$0$0$1,179,683
73$2,199,605$0$0$1,239,117
74$2,310,920$0$0$1,302,696
75$2,430,028$0$0$1,370,781
76$2,557,611$0$0$1,443,769
77$2,694,420$0$0$1,522,098
78$2,841,274$0$0$1,606,244
79$2,999,077$0$0$1,696,734
80$3,168,817$0$0$1,794,143
81$3,351,581$0$0$1,899,104
82$3,548,564$0$0$2,012,313
83$3,761,074$0$0$2,134,534
84$3,990,554$0$0$2,266,605
85$4,238,584$0$0$2,409,450
86$4,506,905$0$0$2,564,083
87$4,797,428$0$0$2,731,617
88$5,112,255$0$0$2,913,278
89$5,453,698$0$0$3,110,414
90$5,824,297$0$0$3,324,508
91$6,226,849$0$0$3,557,190
92$6,664,428$0$0$3,810,253
93$7,140,417$0$0$4,085,670
94$7,658,538$0$0$4,385,614
95$8,222,885$0$0$4,712,473
96$8,837,966$0$0$5,068,876
97$9,508,740$0$0$5,457,718
98$10,240,667$0$0$5,882,184
99$11,039,753$0$0$6,345,781
100$11,912,615$0$0$6,852,369