Can I retire at age 51 with 795,000?

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 $795,000?

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$65,650$65,066$64,495$63,938$63,394$63,048
2 years$32,500$31,895$31,308$30,740$30,188$29,838
3 years$21,452$20,844$20,259$19,695$19,152$18,810
4 years$15,928$15,322$14,743$14,189$13,660$13,328
5 years$12,615$12,013$11,441$10,899$10,384$10,063
6 years$10,407$9,809$9,246$8,716$8,216$7,908
7 years$8,831$8,238$7,684$7,166$6,682$6,385
8 years$7,649$7,061$6,516$6,011$5,543$5,258
9 years$6,730$6,148$5,613$5,120$4,668$4,395
10 years$5,996$5,419$4,893$4,414$3,978$3,716
11 years$5,395$4,825$4,308$3,841$3,421$3,171
12 years$4,895$4,330$3,823$3,369$2,965$2,726
13 years$4,472$3,913$3,416$2,975$2,585$2,358
14 years$4,110$3,557$3,069$2,640$2,266$2,049
15 years$3,796$3,249$2,771$2,355$1,995$1,789
16 years$3,522$2,981$2,512$2,108$1,763$1,567
17 years$3,281$2,746$2,286$1,894$1,564$1,378
18 years$3,066$2,537$2,087$1,707$1,390$1,214
19 years$2,874$2,351$1,910$1,543$1,239$1,072
20 years$2,702$2,185$1,753$1,397$1,107$949
21 years$2,546$2,035$1,613$1,268$990$841
22 years$2,405$1,900$1,486$1,153$888$747
23 years$2,276$1,777$1,372$1,050$797$664
24 years$2,158$1,665$1,269$958$716$591
25 years$2,050$1,562$1,176$875$645$526
26 years$1,950$1,468$1,090$800$581$469
27 years$1,857$1,382$1,012$732$523$419
28 years$1,772$1,302$941$671$472$374
29 years$1,692$1,228$876$615$427$334
30 years$1,618$1,160$816$564$385$299
31 years$1,549$1,097$761$518$348$268
32 years$1,484$1,038$710$476$315$239
33 years$1,424$983$663$438$285$214
34 years$1,367$931$619$403$258$192
35 years$1,313$883$579$371$234$172
36 years$1,263$838$541$342$212$154
37 years$1,215$796$507$315$192$138
38 years$1,170$757$475$290$174$124
39 years$1,127$720$445$268$158$111
40 years$1,087$685$417$247$143$100
41 years$1,049$652$391$228$130$90
42 years$1,012$621$367$210$118$80
43 years$978$591$344$194$107$72
44 years$945$564$323$179$97$65
45 years$913$538$303$165$88$58
46 years$883$513$285$153$80$52
47 years$855$489$268$141$73$47
48 years$827$467$251$130$66$42
49 years$801$446$236$121$60$38
50 years$776$426$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 $795,000, adding $4,723 every year, while hoping to spend $21,004 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: 62/16/22 Blend
50$795,000$795,000$795,000$795,000
51$880,962$838,827$826,504$930,237
52$948,472$857,581$831,844$982,860
53$1,022,164$876,551$836,659$1,037,543
54$1,102,646$895,723$840,909$1,096,773
55$1,190,589$915,087$844,552$1,160,996
56$1,286,729$934,626$847,545$1,230,704
57$1,391,879$954,326$849,841$1,306,437
58$1,506,932$974,169$851,391$1,388,793
59$1,632,872$994,137$852,146$1,478,430
60$1,770,784$1,014,208$852,052$1,576,073
61$1,921,860$1,034,361$851,052$1,682,520
62$2,087,415$1,054,570$849,088$1,798,653
63$2,268,898$1,074,810$846,098$1,925,441
64$2,467,901$1,095,051$842,018$2,063,955
65$2,686,181$1,115,263$836,780$2,215,375
66$2,925,672$1,135,411$830,313$2,380,998
67$3,188,505$1,155,461$822,542$2,562,260
68$3,477,025$1,175,371$813,391$2,760,737
69$3,793,819$1,195,101$802,776$2,978,172
70$4,141,732$1,214,605$790,613$3,216,482
71$4,523,903$1,233,835$776,812$3,477,783
72$4,943,786$1,252,738$761,280$3,764,404
73$5,405,188$1,271,258$743,919$4,078,916
74$5,912,303$1,289,335$724,626$4,424,150
75$6,469,750$1,306,905$703,294$4,803,229
76$7,082,621$1,323,900$679,811$5,219,593
77$7,756,523$1,340,245$654,059$5,677,034
78$8,497,634$1,355,863$625,915$6,179,733
79$9,312,762$1,370,669$595,253$6,732,298
80$10,209,406$1,384,575$561,936$7,339,807
81$11,195,831$1,397,484$525,826$8,007,860
82$12,281,140$1,409,295$486,776$8,742,626
83$13,475,366$1,419,901$444,633$9,550,907
84$14,789,562$1,429,184$399,236$10,440,199
85$16,235,907$1,437,024$350,420$11,418,765
86$17,827,820$1,443,288$298,010$12,495,712
87$19,580,087$1,447,839$241,823$13,681,078
88$21,509,001$1,450,528$181,669$14,985,927
89$23,632,514$1,451,199$117,350$16,422,453
90$25,970,408$1,449,686$48,659$18,004,098
91$28,544,480$1,445,810$0$19,745,674
92$31,378,747$1,439,385$0$21,669,294
93$34,499,675$1,430,211$0$23,799,735
94$37,936,428$1,418,077$0$26,145,451
95$41,721,139$1,402,758$0$28,728,361
96$45,889,220$1,384,018$0$31,572,617
97$50,479,689$1,361,604$0$34,704,837
98$55,535,544$1,335,249$0$38,154,353
99$61,104,164$1,304,671$0$41,953,488
100$67,237,760$1,269,571$0$46,137,864