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%14.9%
1 years$65,485$64,902$64,333$63,777$63,235$61,958
2 years$32,418$31,815$31,230$30,662$30,112$28,831
3 years$21,398$20,791$20,208$19,646$19,104$17,859
4 years$15,888$15,284$14,706$14,154$13,625$12,426
5 years$12,584$11,983$11,412$10,871$10,358$9,208
6 years$10,381$9,785$9,223$8,694$8,196$7,096
7 years$8,809$8,217$7,664$7,148$6,665$5,616
8 years$7,630$7,044$6,500$5,996$5,530$4,530
9 years$6,713$6,133$5,598$5,107$4,657$3,707
10 years$5,981$5,406$4,881$4,403$3,968$3,067
11 years$5,381$4,812$4,297$3,832$3,412$2,559
12 years$4,883$4,319$3,813$3,361$2,957$2,150
13 years$4,461$3,903$3,407$2,967$2,579$1,816
14 years$4,100$3,548$3,061$2,634$2,260$1,541
15 years$3,787$3,241$2,764$2,349$1,990$1,313
16 years$3,513$2,974$2,506$2,103$1,759$1,122
17 years$3,272$2,739$2,280$1,890$1,560$961
18 years$3,058$2,531$2,082$1,703$1,387$826
19 years$2,867$2,345$1,906$1,539$1,236$710
20 years$2,695$2,180$1,749$1,394$1,104$612
21 years$2,540$2,030$1,609$1,265$988$528
22 years$2,399$1,895$1,483$1,150$886$456
23 years$2,270$1,772$1,369$1,047$795$395
24 years$2,153$1,661$1,266$955$715$341
25 years$2,044$1,558$1,173$872$643$296
26 years$1,945$1,465$1,088$798$579$256
27 years$1,853$1,378$1,010$730$522$222
28 years$1,767$1,299$939$669$471$193
29 years$1,688$1,225$874$613$425$167
30 years$1,614$1,157$814$563$384$145
31 years$1,545$1,094$759$517$348$126
32 years$1,481$1,035$708$475$314$110
33 years$1,420$980$661$437$285$95
34 years$1,363$929$617$402$258$83
35 years$1,310$881$577$370$233$72
36 years$1,259$836$540$341$211$63
37 years$1,212$794$505$314$192$54
38 years$1,167$755$473$289$174$47
39 years$1,124$718$443$267$158$41
40 years$1,084$683$416$246$143$36
41 years$1,046$650$390$227$130$31
42 years$1,010$619$366$210$118$27
43 years$975$590$343$194$107$24
44 years$942$562$322$179$97$21
45 years$911$536$302$165$88$18
46 years$881$512$284$152$80$16
47 years$852$488$267$141$73$14
48 years$825$466$251$130$66$12
49 years$799$445$236$120$60$10
50 years$774$425$222$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $793,000, adding $4,078 every year, while hoping to spend $59,158 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: 67/28/5 Blend
50$793,000$793,000$793,000$793,000
51$878,092$836,063$823,772$936,116
52$904,714$814,087$788,425$953,113
53$932,069$789,051$749,911$964,132
54$960,168$760,743$708,061$974,573
55$989,024$728,938$662,700$984,369
56$1,018,647$693,399$613,643$993,450
57$1,049,048$653,873$560,698$1,001,738
58$1,080,233$610,096$503,665$1,009,152
59$1,112,212$561,785$442,332$1,015,604
60$1,144,989$508,644$376,481$1,020,999
61$1,178,567$450,358$305,883$1,025,237
62$1,212,950$386,594$230,299$1,028,208
63$1,248,137$317,003$149,480$1,029,797
64$1,284,123$241,212$63,164$1,029,879
65$1,320,903$158,831$0$1,028,321
66$1,358,468$69,447$0$1,026,524
67$1,396,803$0$0$1,026,487
68$1,435,892$0$0$1,033,124
69$1,475,710$0$0$1,061,672
70$1,516,232$0$0$1,090,711
71$1,557,421$0$0$1,120,216
72$1,599,237$0$0$1,150,156
73$1,641,632$0$0$1,180,493
74$1,684,548$0$0$1,211,184
75$1,727,919$0$0$1,242,181
76$1,771,667$0$0$1,273,423
77$1,815,704$0$0$1,304,845
78$1,859,928$0$0$1,336,371
79$1,904,222$0$0$1,367,913
80$1,948,452$0$0$1,399,371
81$1,992,470$0$0$1,430,635
82$2,036,103$0$0$1,461,576
83$2,079,160$0$0$1,492,051
84$2,121,423$0$0$1,521,898
85$2,162,647$0$0$1,550,936
86$2,202,559$0$0$1,578,961
87$2,240,850$0$0$1,605,744
88$2,277,177$0$0$1,631,029
89$2,311,153$0$0$1,654,530
90$2,342,348$0$0$1,675,929
91$2,370,282$0$0$1,694,868
92$2,394,420$0$0$1,710,951
93$2,414,164$0$0$1,723,735
94$2,428,851$0$0$1,732,728
95$2,437,742$0$0$1,737,384
96$2,440,016$0$0$1,737,094
97$2,434,760$0$0$1,731,184
98$2,420,964$0$0$1,718,903
99$2,397,503$0$0$1,699,420
100$2,363,131$0$0$1,671,813