Can I retire at age 51 with 796,000?

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 $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%13.1%
1 years$65,733$65,147$64,576$64,019$63,474$62,655
2 years$32,541$31,935$31,348$30,778$30,226$29,402
3 years$21,479$20,870$20,284$19,720$19,176$18,373
4 years$15,948$15,342$14,762$14,207$13,677$12,900
5 years$12,631$12,028$11,456$10,912$10,397$9,649
6 years$10,420$9,822$9,258$8,727$8,227$7,509
7 years$8,842$8,248$7,693$7,175$6,691$6,003
8 years$7,659$7,070$6,525$6,019$5,550$4,893
9 years$6,739$6,156$5,620$5,127$4,674$4,047
10 years$6,003$5,426$4,899$4,419$3,983$3,385
11 years$5,402$4,831$4,313$3,846$3,425$2,857
12 years$4,901$4,336$3,828$3,373$2,968$2,428
13 years$4,478$3,918$3,420$2,978$2,588$2,075
14 years$4,115$3,562$3,073$2,644$2,269$1,783
15 years$3,801$3,254$2,774$2,358$1,998$1,538
16 years$3,527$2,985$2,515$2,111$1,766$1,331
17 years$3,285$2,749$2,289$1,897$1,566$1,155
18 years$3,070$2,540$2,089$1,709$1,392$1,005
19 years$2,878$2,354$1,913$1,545$1,241$876
20 years$2,705$2,188$1,755$1,399$1,108$765
21 years$2,549$2,038$1,615$1,270$992$669
22 years$2,408$1,902$1,488$1,154$889$586
23 years$2,279$1,779$1,374$1,051$798$514
24 years$2,161$1,667$1,271$959$717$451
25 years$2,052$1,564$1,177$876$645$396
26 years$1,952$1,470$1,092$801$581$349
27 years$1,860$1,384$1,014$733$524$307
28 years$1,774$1,304$942$671$473$270
29 years$1,694$1,230$877$616$427$238
30 years$1,620$1,162$817$565$386$210
31 years$1,551$1,098$761$519$349$185
32 years$1,486$1,039$710$477$316$163
33 years$1,426$984$663$439$286$144
34 years$1,368$933$620$404$259$127
35 years$1,315$885$579$372$234$112
36 years$1,264$840$542$342$212$99
37 years$1,217$797$507$315$192$87
38 years$1,171$758$475$291$174$77
39 years$1,129$721$445$268$158$68
40 years$1,088$686$417$247$143$60
41 years$1,050$653$391$228$130$53
42 years$1,013$622$367$210$118$47
43 years$979$592$344$194$107$41
44 years$946$564$323$179$97$37
45 years$914$538$304$166$88$32
46 years$884$513$285$153$80$29
47 years$856$490$268$141$73$25
48 years$828$468$252$131$66$22
49 years$802$447$237$121$60$20
50 years$777$427$222$112$55$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $796,000, adding $3,327 every year, while hoping to spend $42,111 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: 39/38/23 Blend
50$796,000$796,000$796,000$796,000
51$880,624$838,436$826,098$908,832
52$925,642$834,713$808,966$925,813
53$973,840$829,397$789,850$939,958
54$1,025,499$822,365$768,636$954,410
55$1,080,925$813,486$745,211$969,223
56$1,140,455$802,623$719,452$984,457
57$1,204,460$789,630$691,232$1,000,183
58$1,273,346$774,352$660,419$1,016,483
59$1,347,557$756,626$626,873$1,033,450
60$1,427,585$736,277$590,450$1,051,191
61$1,513,966$713,123$550,998$1,069,828
62$1,607,293$686,968$508,359$1,089,500
63$1,708,214$657,607$462,366$1,110,364
64$1,817,445$624,822$412,848$1,132,601
65$1,935,769$588,383$359,623$1,156,412
66$2,064,049$548,046$302,502$1,182,028
67$2,203,236$503,553$241,290$1,209,705
68$2,354,372$454,634$175,779$1,239,736
69$2,518,606$400,998$105,755$1,272,449
70$2,697,200$342,344$30,995$1,308,212
71$2,891,545$278,349$0$1,347,438
72$3,103,168$208,674$0$1,402,565
73$3,333,753$132,961$0$1,471,034
74$3,585,150$50,830$0$1,545,876
75$3,859,398$0$0$1,627,807
76$4,158,738$0$0$1,733,560
77$4,485,640$0$0$1,872,362
78$4,842,821$0$0$2,024,124
79$5,233,274$0$0$2,190,130
80$5,660,292$0$0$2,371,795
81$6,127,503$0$0$2,570,675
82$6,638,900$0$0$2,788,484
83$7,198,880$0$0$3,027,112
84$7,812,287$0$0$3,288,637
85$8,484,454$0$0$3,575,350
86$9,221,255$0$0$3,889,773
87$10,029,158$0$0$4,234,683
88$10,915,287$0$0$4,613,141
89$11,887,492$0$0$5,028,517
90$12,954,415$0$0$5,484,524
91$14,125,578$0$0$5,985,251
92$15,411,468$0$0$6,535,203
93$16,823,639$0$0$7,139,344
94$18,374,819$0$0$7,803,139
95$20,079,026$0$0$8,532,612
96$21,951,706$0$0$9,334,399
97$24,009,876$0$0$10,215,809
98$26,272,280$0$0$11,184,896
99$28,759,572$0$0$12,250,532
100$31,494,504$0$0$13,422,494