Can I retire at age 51 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$65,898$65,311$64,738$64,179$63,634$63,100
2 years$32,623$32,015$31,426$30,856$30,302$29,764
3 years$21,533$20,922$20,335$19,769$19,225$18,700
4 years$15,988$15,380$14,799$14,243$13,711$13,203
5 years$12,663$12,058$11,484$10,940$10,423$9,933
6 years$10,447$9,846$9,281$8,749$8,247$7,776
7 years$8,864$8,269$7,713$7,193$6,707$6,254
8 years$7,678$7,088$6,541$6,034$5,564$5,130
9 years$6,756$6,171$5,634$5,139$4,686$4,271
10 years$6,018$5,440$4,912$4,430$3,993$3,596
11 years$5,415$4,843$4,324$3,856$3,434$3,055
12 years$4,913$4,347$3,838$3,382$2,976$2,615
13 years$4,489$3,928$3,429$2,986$2,595$2,251
14 years$4,125$3,570$3,081$2,650$2,275$1,948
15 years$3,811$3,262$2,781$2,364$2,003$1,693
16 years$3,535$2,993$2,522$2,116$1,770$1,476
17 years$3,293$2,756$2,295$1,902$1,569$1,291
18 years$3,078$2,547$2,095$1,714$1,395$1,132
19 years$2,885$2,360$1,918$1,548$1,244$995
20 years$2,712$2,193$1,760$1,402$1,111$876
21 years$2,556$2,043$1,619$1,273$994$772
22 years$2,414$1,907$1,492$1,157$891$682
23 years$2,285$1,784$1,378$1,054$800$603
24 years$2,166$1,671$1,274$961$719$534
25 years$2,057$1,568$1,180$878$647$473
26 years$1,957$1,474$1,094$803$583$420
27 years$1,864$1,387$1,016$735$525$373
28 years$1,779$1,307$945$673$474$331
29 years$1,699$1,233$879$617$428$294
30 years$1,624$1,165$819$567$387$261
31 years$1,555$1,101$763$520$350$233
32 years$1,490$1,042$712$478$316$207
33 years$1,429$986$665$440$286$184
34 years$1,372$935$621$405$259$164
35 years$1,318$887$581$372$235$146
36 years$1,267$842$543$343$213$130
37 years$1,220$799$509$316$193$116
38 years$1,174$760$476$291$175$103
39 years$1,132$722$446$269$159$92
40 years$1,091$687$418$248$144$82
41 years$1,053$654$392$229$130$73
42 years$1,016$623$368$211$118$65
43 years$981$594$345$195$107$58
44 years$948$566$324$180$98$52
45 years$917$540$304$166$89$46
46 years$887$515$286$153$80$41
47 years$858$491$269$142$73$37
48 years$830$469$252$131$66$33
49 years$804$448$237$121$60$29
50 years$779$428$223$112$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $798,000, adding $2,128 every year, while hoping to spend $25,981 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: 43/33/24 Blend
50$798,000$798,000$798,000$798,000
51$881,591$839,297$826,928$913,252
52$943,870$852,779$826,987$949,476
53$1,011,630$866,051$826,176$986,038
54$1,085,404$879,075$824,441$1,025,135
55$1,165,776$891,810$821,720$1,067,017
56$1,253,390$904,214$817,953$1,111,959
57$1,348,956$916,240$813,074$1,160,263
58$1,453,252$927,839$807,015$1,212,266
59$1,567,137$938,957$799,703$1,268,339
60$1,691,557$949,537$791,065$1,328,890
61$1,827,552$959,521$781,022$1,394,373
62$1,976,267$968,842$769,491$1,465,288
63$2,138,963$977,432$756,386$1,542,188
64$2,317,030$985,219$741,618$1,625,682
65$2,511,996$992,124$725,091$1,716,446
66$2,725,546$998,064$706,708$1,815,224
67$2,959,534$1,002,951$686,364$1,922,838
68$3,216,001$1,006,691$663,952$2,040,198
69$3,497,198$1,009,184$639,360$2,168,306
70$3,805,602$1,010,323$612,468$2,308,271
71$4,143,941$1,009,997$583,153$2,461,316
72$4,515,221$1,008,085$551,287$2,628,792
73$4,922,753$1,004,460$516,734$2,812,190
74$5,370,182$998,987$479,354$3,013,156
75$5,861,527$991,524$438,998$3,233,508
76$6,401,212$981,917$395,514$3,475,253
77$6,994,111$970,007$348,739$3,740,604
78$7,645,596$955,623$298,507$4,032,006
79$8,361,582$938,583$244,642$4,352,157
80$9,148,586$918,697$186,961$4,704,032
81$10,013,790$895,761$125,272$5,090,918
82$10,965,104$869,561$59,376$5,516,439
83$12,011,244$839,869$0$5,984,595
84$13,161,814$806,445$0$6,502,602
85$14,427,392$769,034$0$7,088,936
86$15,819,635$727,366$0$7,733,804
87$17,351,388$681,157$0$8,443,194
88$19,036,802$630,106$0$9,223,708
89$20,891,468$573,894$0$10,082,623
90$22,932,567$512,184$0$11,027,962
91$25,179,028$444,620$0$12,068,572
92$27,651,710$370,827$0$13,214,207
93$30,373,594$290,408$0$14,475,619
94$33,370,006$202,942$0$15,864,661
95$36,668,847$107,987$0$17,394,403
96$40,300,866$5,075$0$19,079,252
97$44,299,943$0$0$20,935,091
98$48,703,410$0$0$23,018,024
99$53,552,403$0$0$25,313,861
100$58,892,254$0$0$27,842,234