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%12.6%
1 years$65,650$65,066$64,495$63,938$63,394$62,706
2 years$32,500$31,895$31,308$30,740$30,188$29,495
3 years$21,452$20,844$20,259$19,695$19,152$18,476
4 years$15,928$15,322$14,743$14,189$13,660$13,006
5 years$12,615$12,013$11,441$10,899$10,384$9,754
6 years$10,407$9,809$9,246$8,716$8,216$7,611
7 years$8,831$8,238$7,684$7,166$6,682$6,101
8 years$7,649$7,061$6,516$6,011$5,543$4,988
9 years$6,730$6,148$5,613$5,120$4,668$4,137
10 years$5,996$5,419$4,893$4,414$3,978$3,471
11 years$5,395$4,825$4,308$3,841$3,421$2,938
12 years$4,895$4,330$3,823$3,369$2,965$2,505
13 years$4,472$3,913$3,416$2,975$2,585$2,149
14 years$4,110$3,557$3,069$2,640$2,266$1,852
15 years$3,796$3,249$2,771$2,355$1,995$1,603
16 years$3,522$2,981$2,512$2,108$1,763$1,392
17 years$3,281$2,746$2,286$1,894$1,564$1,212
18 years$3,066$2,537$2,087$1,707$1,390$1,058
19 years$2,874$2,351$1,910$1,543$1,239$926
20 years$2,702$2,185$1,753$1,397$1,107$812
21 years$2,546$2,035$1,613$1,268$990$713
22 years$2,405$1,900$1,486$1,153$888$627
23 years$2,276$1,777$1,372$1,050$797$552
24 years$2,158$1,665$1,269$958$716$486
25 years$2,050$1,562$1,176$875$645$429
26 years$1,950$1,468$1,090$800$581$378
27 years$1,857$1,382$1,012$732$523$334
28 years$1,772$1,302$941$671$472$295
29 years$1,692$1,228$876$615$427$261
30 years$1,618$1,160$816$564$385$231
31 years$1,549$1,097$761$518$348$205
32 years$1,484$1,038$710$476$315$181
33 years$1,424$983$663$438$285$161
34 years$1,367$931$619$403$258$142
35 years$1,313$883$579$371$234$126
36 years$1,263$838$541$342$212$112
37 years$1,215$796$507$315$192$99
38 years$1,170$757$475$290$174$88
39 years$1,127$720$445$268$158$78
40 years$1,087$685$417$247$143$69
41 years$1,049$652$391$228$130$61
42 years$1,012$621$367$210$118$54
43 years$978$591$344$194$107$48
44 years$945$564$323$179$97$43
45 years$913$538$303$165$88$38
46 years$883$513$285$153$80$34
47 years$855$489$268$141$73$30
48 years$827$467$251$130$66$27
49 years$801$446$236$121$60$24
50 years$776$426$222$111$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $795,000, adding $2,475 every year, while hoping to spend $31,378 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: 58/13/29 Blend
50$795,000$795,000$795,000$795,000
51$878,643$836,508$824,185$922,497
52$934,879$844,111$818,410$960,450
53$995,799$851,035$811,389$998,307
54$1,061,848$857,213$803,048$1,038,947
55$1,133,515$862,575$793,309$1,082,650
56$1,211,338$867,046$782,089$1,129,725
57$1,295,908$870,545$769,303$1,180,514
58$1,387,877$872,987$754,860$1,235,393
59$1,487,959$874,283$738,667$1,294,781
60$1,596,943$874,335$720,625$1,359,137
61$1,715,696$873,042$700,631$1,428,972
62$1,845,172$870,296$678,576$1,504,847
63$1,986,419$865,980$654,349$1,587,385
64$2,140,595$859,975$627,830$1,677,273
65$2,308,971$852,149$598,898$1,775,268
66$2,492,948$842,365$567,423$1,882,209
67$2,694,066$830,479$533,269$1,999,021
68$2,914,024$816,336$496,297$2,126,725
69$3,154,690$799,772$456,359$2,266,451
70$3,418,123$780,615$413,301$2,419,443
71$3,706,588$758,682$366,963$2,587,077
72$4,022,580$733,777$317,176$2,770,871
73$4,368,848$705,697$263,767$2,972,502
74$4,748,419$674,225$206,551$3,193,820
75$5,164,625$639,129$145,338$3,436,866
76$5,621,138$600,167$79,927$3,703,895
77$6,122,001$557,083$10,112$3,997,393
78$6,671,669$509,603$0$4,320,106
79$7,275,047$457,442$0$4,694,987
80$7,937,541$400,295$0$5,110,088
81$8,665,102$337,842$0$5,566,037
82$9,464,290$269,744$0$6,066,979
83$10,342,328$195,642$0$6,617,482
84$11,307,176$115,159$0$7,222,581
85$12,367,601$27,895$0$7,887,825
86$13,533,263$0$0$8,619,330
87$14,814,803$0$0$9,433,360
88$16,223,947$0$0$10,332,904
89$17,773,611$0$0$11,322,229
90$19,478,029$0$0$12,410,429
91$21,352,879$0$0$13,607,525
92$23,415,439$0$0$14,924,559
93$25,684,743$0$0$16,373,695
94$28,181,767$0$0$17,968,339
95$30,929,617$0$0$19,723,259
96$33,953,758$0$0$21,654,729
97$37,282,245$0$0$23,780,679
98$40,945,991$0$0$26,120,867
99$44,979,059$0$0$28,697,063
100$49,418,983$0$0$31,533,254