Can I retire at age 51 with 796,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$65,733$65,147$64,576$64,019$63,474$63,101
2 years$32,541$31,935$31,348$30,778$30,226$29,849
3 years$21,479$20,870$20,284$19,720$19,176$18,808
4 years$15,948$15,342$14,762$14,207$13,677$13,319
5 years$12,631$12,028$11,456$10,912$10,397$10,052
6 years$10,420$9,822$9,258$8,727$8,227$7,894
7 years$8,842$8,248$7,693$7,175$6,691$6,371
8 years$7,659$7,070$6,525$6,019$5,550$5,244
9 years$6,739$6,156$5,620$5,127$4,674$4,380
10 years$6,003$5,426$4,899$4,419$3,983$3,701
11 years$5,402$4,831$4,313$3,846$3,425$3,156
12 years$4,901$4,336$3,828$3,373$2,968$2,712
13 years$4,478$3,918$3,420$2,978$2,588$2,344
14 years$4,115$3,562$3,073$2,644$2,269$2,036
15 years$3,801$3,254$2,774$2,358$1,998$1,776
16 years$3,527$2,985$2,515$2,111$1,766$1,555
17 years$3,285$2,749$2,289$1,897$1,566$1,366
18 years$3,070$2,540$2,089$1,709$1,392$1,203
19 years$2,878$2,354$1,913$1,545$1,241$1,061
20 years$2,705$2,188$1,755$1,399$1,108$939
21 years$2,549$2,038$1,615$1,270$992$831
22 years$2,408$1,902$1,488$1,154$889$738
23 years$2,279$1,779$1,374$1,051$798$655
24 years$2,161$1,667$1,271$959$717$583
25 years$2,052$1,564$1,177$876$645$519
26 years$1,952$1,470$1,092$801$581$462
27 years$1,860$1,384$1,014$733$524$412
28 years$1,774$1,304$942$671$473$368
29 years$1,694$1,230$877$616$427$329
30 years$1,620$1,162$817$565$386$294
31 years$1,551$1,098$761$519$349$262
32 years$1,486$1,039$710$477$316$235
33 years$1,426$984$663$439$286$210
34 years$1,368$933$620$404$259$188
35 years$1,315$885$579$372$234$168
36 years$1,264$840$542$342$212$151
37 years$1,217$797$507$315$192$135
38 years$1,171$758$475$291$174$121
39 years$1,129$721$445$268$158$108
40 years$1,088$686$417$247$143$97
41 years$1,050$653$391$228$130$87
42 years$1,013$622$367$210$118$78
43 years$979$592$344$194$107$70
44 years$946$564$323$179$97$63
45 years$914$538$304$166$88$56
46 years$884$513$285$153$80$50
47 years$856$490$268$141$73$45
48 years$828$468$252$131$66$41
49 years$802$447$237$121$60$36
50 years$777$427$222$112$55$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $796,000, adding $6,037 every year, while hoping to spend $29,798 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: 24/47/29 Blend
50$796,000$796,000$796,000$796,000
51$883,419$841,231$828,893$896,474
52$941,823$850,747$824,956$917,603
53$1,005,185$859,730$819,889$937,328
54$1,073,981$868,123$813,621$957,842
55$1,148,730$875,864$806,081$979,230
56$1,230,009$882,889$797,193$1,001,588
57$1,318,446$889,128$786,876$1,025,027
58$1,414,739$894,506$775,047$1,049,667
59$1,519,650$898,945$761,619$1,075,646
60$1,634,021$902,360$746,500$1,103,119
61$1,758,778$904,662$729,594$1,132,256
62$1,894,940$905,758$710,803$1,163,252
63$2,043,629$905,545$690,019$1,196,321
64$2,206,079$903,917$667,135$1,231,705
65$2,383,651$900,760$642,035$1,269,672
66$2,577,840$895,953$614,600$1,310,525
67$2,790,294$889,370$584,704$1,354,597
68$3,022,829$880,874$552,216$1,402,262
69$3,277,441$870,320$516,999$1,453,938
70$3,556,332$857,558$478,911$1,510,088
71$3,861,925$842,425$437,801$1,571,229
72$4,196,888$824,751$393,514$1,637,935
73$4,564,160$804,353$345,886$1,710,846
74$4,966,978$781,040$294,747$1,790,672
75$5,408,908$754,609$239,919$1,878,203
76$5,893,876$724,845$181,216$1,974,315
77$6,426,209$691,519$118,445$2,079,983
78$7,010,671$654,393$51,402$2,196,287
79$7,652,512$613,210$0$2,324,427
80$8,357,513$567,702$0$2,471,968
81$9,132,044$517,585$0$2,651,529
82$9,983,122$462,556$0$2,848,897
83$10,918,478$402,299$0$3,065,957
84$11,946,629$336,477$0$3,304,797
85$13,076,956$264,736$0$3,567,722
86$14,319,798$186,700$0$3,857,280
87$15,686,542$101,974$0$4,176,289
88$17,189,738$10,139$0$4,527,860
89$18,843,209$0$0$4,915,430
90$20,662,188$0$0$5,388,956
91$22,663,458$0$0$5,915,865
92$24,865,509$0$0$6,495,801
93$27,288,717$0$0$7,134,151
94$29,955,530$0$0$7,836,850
95$32,890,683$0$0$8,610,437
96$36,121,433$0$0$9,462,119
97$39,677,810$0$0$10,399,834
98$43,592,905$0$0$11,432,332
99$47,903,181$0$0$12,569,255
100$52,648,814$0$0$13,821,224