Can I retire at age 51 with 797,000?

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 $797,000?

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$65,816$65,229$64,657$64,099$63,554$62,916
2 years$32,582$31,975$31,387$30,817$30,264$29,622
3 years$21,506$20,896$20,309$19,745$19,201$18,574
4 years$15,968$15,361$14,780$14,225$13,694$13,087
5 years$12,647$12,043$11,470$10,926$10,410$9,825
6 years$10,433$9,834$9,269$8,738$8,237$7,675
7 years$8,853$8,259$7,703$7,184$6,699$6,160
8 years$7,668$7,079$6,533$6,026$5,557$5,041
9 years$6,747$6,164$5,627$5,133$4,680$4,187
10 years$6,011$5,433$4,905$4,425$3,988$3,517
11 years$5,409$4,837$4,319$3,851$3,430$2,980
12 years$4,907$4,341$3,833$3,378$2,972$2,544
13 years$4,483$3,923$3,424$2,982$2,592$2,185
14 years$4,120$3,566$3,077$2,647$2,272$1,886
15 years$3,806$3,258$2,778$2,361$2,000$1,634
16 years$3,531$2,989$2,519$2,114$1,768$1,421
17 years$3,289$2,753$2,292$1,899$1,568$1,239
18 years$3,074$2,544$2,092$1,712$1,394$1,084
19 years$2,882$2,357$1,915$1,547$1,242$950
20 years$2,709$2,191$1,758$1,401$1,110$834
21 years$2,553$2,040$1,617$1,271$993$733
22 years$2,411$1,905$1,490$1,156$890$645
23 years$2,282$1,781$1,376$1,053$799$569
24 years$2,163$1,669$1,272$960$718$502
25 years$2,055$1,566$1,178$877$646$444
26 years$1,955$1,472$1,093$802$582$392
27 years$1,862$1,385$1,015$734$525$347
28 years$1,776$1,305$944$672$474$307
29 years$1,697$1,232$878$617$428$272
30 years$1,622$1,163$818$566$386$241
31 years$1,553$1,099$762$520$349$214
32 years$1,488$1,040$711$478$316$190
33 years$1,427$985$664$439$286$168
34 years$1,370$934$621$404$259$149
35 years$1,316$886$580$372$234$133
36 years$1,266$841$543$343$212$118
37 years$1,218$798$508$316$193$105
38 years$1,173$759$476$291$175$93
39 years$1,130$721$446$268$158$83
40 years$1,090$686$418$247$144$73
41 years$1,051$653$392$228$130$65
42 years$1,015$622$367$211$118$58
43 years$980$593$345$194$107$52
44 years$947$565$324$180$97$46
45 years$915$539$304$166$88$41
46 years$885$514$285$153$80$36
47 years$857$491$268$142$73$32
48 years$829$468$252$131$66$29
49 years$803$447$237$121$60$25
50 years$778$427$223$112$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $797,000, adding $4,675 every year, while hoping to spend $35,620 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: 68/19/13 Blend
50$797,000$797,000$797,000$797,000
51$883,116$840,875$828,522$940,283
52$935,295$844,179$818,378$982,225
53$991,602$846,450$806,700$1,023,402
54$1,052,420$847,602$793,400$1,067,522
55$1,118,172$847,539$778,384$1,114,870
56$1,189,321$846,164$761,555$1,165,759
57$1,266,375$843,369$742,810$1,220,537
58$1,349,894$839,043$722,044$1,279,587
59$1,440,495$833,068$699,143$1,343,331
60$1,538,853$825,316$673,993$1,412,236
61$1,645,714$815,654$646,469$1,486,816
62$1,761,897$803,941$616,446$1,567,642
63$1,888,302$790,026$583,789$1,655,339
64$2,025,921$773,750$548,358$1,750,600
65$2,175,846$754,944$510,009$1,854,191
66$2,339,276$733,430$468,588$1,966,954
67$2,517,533$709,019$423,936$2,089,821
68$2,712,071$681,511$375,888$2,223,820
69$2,924,491$650,694$324,269$2,370,085
70$3,156,556$616,345$268,899$2,529,867
71$3,410,204$578,225$209,587$2,704,548
72$3,687,573$536,086$146,136$2,895,652
73$3,991,014$489,663$78,339$3,104,861
74$4,323,115$438,674$5,982$3,334,031
75$4,686,730$382,826$0$3,585,209
76$5,084,996$321,804$0$3,870,536
77$5,521,373$255,280$0$4,184,151
78$5,999,667$182,903$0$4,528,008
79$6,524,074$104,306$0$4,905,175
80$7,099,212$19,100$0$5,319,037
81$7,730,170$0$0$5,773,323
82$8,422,550$0$0$6,287,437
83$9,182,526$0$0$6,856,174
84$10,016,898$0$0$7,480,636
85$10,933,154$0$0$8,166,434
86$11,939,547$0$0$8,919,752
87$13,045,164$0$0$9,747,398
88$14,260,020$0$0$10,656,877
89$15,595,145$0$0$11,656,452
90$17,062,692$0$0$12,755,230
91$18,676,048$0$0$13,963,243
92$20,449,966$0$0$15,291,543
93$22,400,696$0$0$16,752,307
94$24,546,142$0$0$18,358,951
95$26,906,031$0$0$20,126,257
96$29,502,100$0$0$22,070,512
97$32,358,294$0$0$24,209,658
98$35,501,000$0$0$26,563,468
99$38,959,290$0$0$29,153,726
100$42,765,197$0$0$32,004,435