Can I retire at age 51 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$65,568$64,984$64,414$63,858$63,315$60,995
2 years$32,459$31,855$31,269$30,701$30,150$27,839
3 years$21,425$20,817$20,233$19,670$19,128$16,899
4 years$15,908$15,303$14,724$14,171$13,642$11,511
5 years$12,599$11,998$11,427$10,885$10,371$8,343
6 years$10,394$9,797$9,235$8,705$8,206$6,283
7 years$8,820$8,228$7,674$7,157$6,674$4,856
8 years$7,639$7,053$6,508$6,004$5,536$3,822
9 years$6,722$6,141$5,605$5,114$4,663$3,048
10 years$5,988$5,413$4,887$4,408$3,973$2,456
11 years$5,388$4,818$4,302$3,836$3,417$1,995
12 years$4,889$4,325$3,818$3,365$2,961$1,630
13 years$4,466$3,908$3,411$2,971$2,582$1,339
14 years$4,105$3,553$3,065$2,637$2,263$1,104
15 years$3,791$3,245$2,767$2,352$1,993$913
16 years$3,518$2,978$2,509$2,106$1,761$757
17 years$3,276$2,742$2,283$1,892$1,562$629
18 years$3,062$2,534$2,084$1,705$1,389$524
19 years$2,871$2,348$1,908$1,541$1,238$436
20 years$2,699$2,182$1,751$1,395$1,105$364
21 years$2,543$2,033$1,611$1,266$989$304
22 years$2,402$1,897$1,484$1,151$887$254
23 years$2,273$1,775$1,371$1,049$796$213
24 years$2,155$1,663$1,268$956$715$178
25 years$2,047$1,560$1,174$873$644$149
26 years$1,947$1,467$1,089$799$580$125
27 years$1,855$1,380$1,011$731$523$105
28 years$1,770$1,301$940$670$472$88
29 years$1,690$1,227$875$614$426$74
30 years$1,616$1,159$815$564$385$62
31 years$1,547$1,095$760$518$348$52
32 years$1,483$1,036$709$476$315$44
33 years$1,422$981$662$438$285$37
34 years$1,365$930$618$403$258$31
35 years$1,312$882$578$371$234$26
36 years$1,261$837$541$341$212$22
37 years$1,213$795$506$314$192$18
38 years$1,168$756$474$290$174$15
39 years$1,126$719$444$267$158$13
40 years$1,086$684$416$247$143$11
41 years$1,047$651$390$227$130$9
42 years$1,011$620$366$210$118$8
43 years$976$591$344$194$107$6
44 years$943$563$322$179$97$5
45 years$912$537$303$165$88$4
46 years$882$512$284$153$80$4
47 years$854$489$267$141$73$3
48 years$826$467$251$130$66$3
49 years$800$446$236$120$60$2
50 years$775$426$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 $794,000, adding $6,580 every year, while hoping to spend $39,829 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: 51/31/18 Blend
50$794,000$794,000$794,000$794,000
51$881,775$839,693$827,386$922,057
52$929,339$838,460$812,726$949,261
53$980,418$835,832$796,240$974,145
54$1,035,332$831,699$777,824$1,000,338
55$1,094,425$825,942$757,371$1,027,977
56$1,158,082$818,438$734,768$1,057,216
57$1,226,720$809,055$709,897$1,088,224
58$1,300,801$797,654$682,633$1,121,194
59$1,380,829$784,086$652,849$1,156,336
60$1,467,362$768,195$620,408$1,193,888
61$1,561,011$749,814$585,169$1,234,114
62$1,662,447$728,768$546,985$1,277,305
63$1,772,409$704,870$505,702$1,323,788
64$1,891,710$677,924$461,158$1,373,925
65$2,021,243$647,721$413,185$1,428,121
66$2,161,990$614,040$361,607$1,486,822
67$2,315,033$576,647$306,241$1,550,527
68$2,481,561$535,297$246,894$1,619,788
69$2,662,881$489,728$183,367$1,695,218
70$2,860,435$439,665$115,449$1,777,498
71$3,075,807$384,816$42,924$1,867,383
72$3,310,740$324,872$0$1,965,712
73$3,567,154$259,509$0$2,080,034
74$3,847,161$188,384$0$2,213,986
75$4,153,089$111,131$0$2,360,504
76$4,487,497$27,370$0$2,520,902
77$4,853,205$0$0$2,696,633
78$5,253,316$0$0$2,910,897
79$5,691,248$0$0$3,155,715
80$6,170,766$0$0$3,423,863
81$6,696,014$0$0$3,717,669
82$7,271,555$0$0$4,039,697
83$7,902,417$0$0$4,392,772
84$8,594,135$0$0$4,780,002
85$9,352,807$0$0$5,204,814
86$10,185,149$0$0$5,670,980
87$11,098,559$0$0$6,182,656
88$12,101,183$0$0$6,744,420
89$13,201,998$0$0$7,361,314
90$14,410,891$0$0$8,038,894
91$15,738,753$0$0$8,783,279
92$17,197,582$0$0$9,601,211
93$18,800,596$0$0$10,500,115
94$20,562,357$0$0$11,488,175
95$22,498,907$0$0$12,574,404
96$24,627,920$0$0$13,768,733
97$26,968,866$0$0$15,082,103
98$29,543,199$0$0$16,526,569
99$32,374,555$0$0$18,115,413
100$35,488,975$0$0$19,863,268