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%19.6%
1 years$65,816$65,229$64,657$64,099$63,554$61,105
2 years$32,582$31,975$31,387$30,817$30,264$27,825
3 years$21,506$20,896$20,309$19,745$19,201$16,850
4 years$15,968$15,361$14,780$14,225$13,694$11,449
5 years$12,647$12,043$11,470$10,926$10,410$8,276
6 years$10,433$9,834$9,269$8,738$8,237$6,216
7 years$8,853$8,259$7,703$7,184$6,699$4,790
8 years$7,668$7,079$6,533$6,026$5,557$3,759
9 years$6,747$6,164$5,627$5,133$4,680$2,989
10 years$6,011$5,433$4,905$4,425$3,988$2,401
11 years$5,409$4,837$4,319$3,851$3,430$1,944
12 years$4,907$4,341$3,833$3,378$2,972$1,583
13 years$4,483$3,923$3,424$2,982$2,592$1,295
14 years$4,120$3,566$3,077$2,647$2,272$1,064
15 years$3,806$3,258$2,778$2,361$2,000$877
16 years$3,531$2,989$2,519$2,114$1,768$725
17 years$3,289$2,753$2,292$1,899$1,568$600
18 years$3,074$2,544$2,092$1,712$1,394$498
19 years$2,882$2,357$1,915$1,547$1,242$413
20 years$2,709$2,191$1,758$1,401$1,110$344
21 years$2,553$2,040$1,617$1,271$993$286
22 years$2,411$1,905$1,490$1,156$890$238
23 years$2,282$1,781$1,376$1,053$799$198
24 years$2,163$1,669$1,272$960$718$165
25 years$2,055$1,566$1,178$877$646$138
26 years$1,955$1,472$1,093$802$582$115
27 years$1,862$1,385$1,015$734$525$96
28 years$1,776$1,305$944$672$474$80
29 years$1,697$1,232$878$617$428$67
30 years$1,622$1,163$818$566$386$56
31 years$1,553$1,099$762$520$349$47
32 years$1,488$1,040$711$478$316$39
33 years$1,427$985$664$439$286$33
34 years$1,370$934$621$404$259$27
35 years$1,316$886$580$372$234$23
36 years$1,266$841$543$343$212$19
37 years$1,218$798$508$316$193$16
38 years$1,173$759$476$291$175$13
39 years$1,130$721$446$268$158$11
40 years$1,090$686$418$247$144$9
41 years$1,051$653$392$228$130$8
42 years$1,015$622$367$211$118$7
43 years$980$593$345$194$107$5
44 years$947$565$324$180$97$5
45 years$915$539$304$166$88$4
46 years$885$514$285$153$80$3
47 years$857$491$268$142$73$3
48 years$829$468$252$131$66$2
49 years$803$447$237$121$60$2
50 years$778$427$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $797,000, adding $3,935 every year, while hoping to spend $22,393 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: 46/28/26 Blend
50$797,000$797,000$797,000$797,000
51$882,353$840,112$827,758$916,186
52$948,527$857,451$831,662$957,806
53$1,020,700$874,890$834,947$1,000,449
54$1,099,461$892,409$837,567$1,046,278
55$1,185,457$909,988$839,476$1,095,602
56$1,279,401$927,604$840,625$1,148,765
57$1,382,077$945,234$840,964$1,206,142
58$1,494,350$962,852$840,437$1,268,149
59$1,617,170$980,429$838,989$1,335,245
60$1,751,586$997,934$836,560$1,407,937
61$1,898,751$1,015,336$833,087$1,486,782
62$2,059,934$1,032,598$828,506$1,572,397
63$2,236,534$1,049,682$822,748$1,665,461
64$2,430,092$1,066,548$815,741$1,766,724
65$2,642,304$1,083,151$807,411$1,877,012
66$2,875,038$1,099,445$797,679$1,997,238
67$3,130,353$1,115,378$786,462$2,128,409
68$3,410,514$1,130,898$773,674$2,271,633
69$3,718,020$1,145,945$759,225$2,428,136
70$4,055,619$1,160,457$743,020$2,599,269
71$4,426,342$1,174,369$724,961$2,786,520
72$4,833,526$1,187,610$704,944$2,991,534
73$5,280,847$1,200,104$682,861$3,216,122
74$5,772,355$1,211,771$658,598$3,462,284
75$6,312,512$1,222,525$632,038$3,732,225
76$6,906,233$1,232,274$603,057$4,028,377
77$7,558,934$1,240,920$571,524$4,353,420
78$8,276,581$1,248,361$537,306$4,710,314
79$9,065,747$1,254,486$500,261$5,102,318
80$9,933,674$1,259,176$460,240$5,533,032
81$10,888,341$1,262,308$417,091$6,006,421
82$11,938,539$1,263,748$370,650$6,526,860
83$13,093,955$1,263,357$320,752$7,099,171
84$14,365,260$1,260,982$267,218$7,728,675
85$15,764,213$1,256,467$209,867$8,421,236
86$17,303,771$1,249,642$148,505$9,183,320
87$18,998,209$1,240,328$82,934$10,022,059
88$20,863,258$1,228,336$12,944$10,945,314
89$22,916,249$1,213,464$0$11,961,754
90$25,176,282$1,195,499$0$13,098,067
91$27,664,399$1,174,214$0$14,352,605
92$30,403,788$1,149,371$0$15,733,458
93$33,419,999$1,120,715$0$17,253,502
94$36,741,188$1,087,979$0$18,926,930
95$40,398,377$1,050,878$0$20,769,384
96$44,425,751$1,009,110$0$22,798,105
97$48,860,979$962,359$0$25,032,094
98$53,745,571$910,286$0$27,492,292
99$59,125,265$852,536$0$30,201,781
100$65,050,464$788,732$0$33,186,000