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%12.4%
1 years$65,650$65,066$64,495$63,938$63,394$62,758
2 years$32,500$31,895$31,308$30,740$30,188$29,547
3 years$21,452$20,844$20,259$19,695$19,152$18,527
4 years$15,928$15,322$14,743$14,189$13,660$13,055
5 years$12,615$12,013$11,441$10,899$10,384$9,801
6 years$10,407$9,809$9,246$8,716$8,216$7,656
7 years$8,831$8,238$7,684$7,166$6,682$6,144
8 years$7,649$7,061$6,516$6,011$5,543$5,028
9 years$6,730$6,148$5,613$5,120$4,668$4,176
10 years$5,996$5,419$4,893$4,414$3,978$3,508
11 years$5,395$4,825$4,308$3,841$3,421$2,973
12 years$4,895$4,330$3,823$3,369$2,965$2,538
13 years$4,472$3,913$3,416$2,975$2,585$2,180
14 years$4,110$3,557$3,069$2,640$2,266$1,881
15 years$3,796$3,249$2,771$2,355$1,995$1,630
16 years$3,522$2,981$2,512$2,108$1,763$1,417
17 years$3,281$2,746$2,286$1,894$1,564$1,236
18 years$3,066$2,537$2,087$1,707$1,390$1,081
19 years$2,874$2,351$1,910$1,543$1,239$947
20 years$2,702$2,185$1,753$1,397$1,107$831
21 years$2,546$2,035$1,613$1,268$990$731
22 years$2,405$1,900$1,486$1,153$888$644
23 years$2,276$1,777$1,372$1,050$797$568
24 years$2,158$1,665$1,269$958$716$501
25 years$2,050$1,562$1,176$875$645$443
26 years$1,950$1,468$1,090$800$581$391
27 years$1,857$1,382$1,012$732$523$346
28 years$1,772$1,302$941$671$472$306
29 years$1,692$1,228$876$615$427$271
30 years$1,618$1,160$816$564$385$241
31 years$1,549$1,097$761$518$348$213
32 years$1,484$1,038$710$476$315$189
33 years$1,424$983$663$438$285$168
34 years$1,367$931$619$403$258$149
35 years$1,313$883$579$371$234$132
36 years$1,263$838$541$342$212$117
37 years$1,215$796$507$315$192$104
38 years$1,170$757$475$290$174$93
39 years$1,127$720$445$268$158$82
40 years$1,087$685$417$247$143$73
41 years$1,049$652$391$228$130$65
42 years$1,012$621$367$210$118$58
43 years$978$591$344$194$107$51
44 years$945$564$323$179$97$46
45 years$913$538$303$165$88$41
46 years$883$513$285$153$80$36
47 years$855$489$268$141$73$32
48 years$827$467$251$130$66$29
49 years$801$446$236$121$60$25
50 years$776$426$222$111$54$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $795,000, adding $2,011 every year, while hoping to spend $58,631 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: 55/16/29 Blend
50$795,000$795,000$795,000$795,000
51$878,164$836,029$823,707$919,299
52$905,354$814,612$788,918$926,505
53$933,352$790,180$750,999$928,154
54$962,179$762,524$709,782$928,780
55$991,856$731,422$665,094$928,307
56$1,022,403$696,639$616,753$926,654
57$1,053,841$657,927$564,567$923,734
58$1,086,191$615,024$508,338$919,457
59$1,119,474$567,651$447,859$913,726
60$1,153,710$515,516$382,912$906,441
61$1,188,919$458,308$313,271$897,492
62$1,225,123$395,698$238,699$886,768
63$1,262,339$327,341$158,949$874,147
64$1,300,588$252,871$73,764$859,503
65$1,339,887$171,901$0$842,701
66$1,380,253$84,022$0$828,904
67$1,421,704$0$0$837,360
68$1,464,253$0$0$847,123
69$1,507,914$0$0$872,315
70$1,552,700$0$0$898,148
71$1,598,620$0$0$924,627
72$1,645,681$0$0$951,756
73$1,693,889$0$0$979,535
74$1,743,245$0$0$1,007,965
75$1,793,747$0$0$1,037,043
76$1,845,390$0$0$1,066,764
77$1,898,165$0$0$1,097,122
78$1,952,055$0$0$1,128,104
79$2,007,041$0$0$1,159,697
80$2,063,096$0$0$1,191,884
81$2,120,185$0$0$1,224,641
82$2,178,267$0$0$1,257,942
83$2,237,291$0$0$1,291,754
84$2,297,196$0$0$1,326,038
85$2,357,910$0$0$1,360,748
86$2,419,348$0$0$1,395,832
87$2,481,412$0$0$1,431,227
88$2,543,988$0$0$1,466,862
89$2,606,946$0$0$1,502,657
90$2,670,134$0$0$1,538,517
91$2,733,382$0$0$1,574,336
92$2,796,495$0$0$1,609,994
93$2,859,250$0$0$1,645,354
94$2,921,399$0$0$1,680,261
95$2,982,657$0$0$1,714,543
96$3,042,707$0$0$1,748,002
97$3,101,190$0$0$1,780,419
98$3,157,705$0$0$1,811,547
99$3,211,800$0$0$1,841,110
100$3,262,971$0$0$1,868,800