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%13%
1 years$65,898$65,311$64,738$64,179$63,634$62,838
2 years$32,623$32,015$31,426$30,856$30,302$29,502
3 years$21,533$20,922$20,335$19,769$19,225$18,444
4 years$15,988$15,380$14,799$14,243$13,711$12,957
5 years$12,663$12,058$11,484$10,940$10,423$9,697
6 years$10,447$9,846$9,281$8,749$8,247$7,550
7 years$8,864$8,269$7,713$7,193$6,707$6,039
8 years$7,678$7,088$6,541$6,034$5,564$4,926
9 years$6,756$6,171$5,634$5,139$4,686$4,076
10 years$6,018$5,440$4,912$4,430$3,993$3,411
11 years$5,415$4,843$4,324$3,856$3,434$2,881
12 years$4,913$4,347$3,838$3,382$2,976$2,450
13 years$4,489$3,928$3,429$2,986$2,595$2,096
14 years$4,125$3,570$3,081$2,650$2,275$1,801
15 years$3,811$3,262$2,781$2,364$2,003$1,555
16 years$3,535$2,993$2,522$2,116$1,770$1,346
17 years$3,293$2,756$2,295$1,902$1,569$1,169
18 years$3,078$2,547$2,095$1,714$1,395$1,018
19 years$2,885$2,360$1,918$1,548$1,244$888
20 years$2,712$2,193$1,760$1,402$1,111$776
21 years$2,556$2,043$1,619$1,273$994$680
22 years$2,414$1,907$1,492$1,157$891$596
23 years$2,285$1,784$1,378$1,054$800$523
24 years$2,166$1,671$1,274$961$719$459
25 years$2,057$1,568$1,180$878$647$404
26 years$1,957$1,474$1,094$803$583$355
27 years$1,864$1,387$1,016$735$525$313
28 years$1,779$1,307$945$673$474$276
29 years$1,699$1,233$879$617$428$243
30 years$1,624$1,165$819$567$387$214
31 years$1,555$1,101$763$520$350$189
32 years$1,490$1,042$712$478$316$167
33 years$1,429$986$665$440$286$147
34 years$1,372$935$621$405$259$130
35 years$1,318$887$581$372$235$115
36 years$1,267$842$543$343$213$102
37 years$1,220$799$509$316$193$90
38 years$1,174$760$476$291$175$79
39 years$1,132$722$446$269$159$70
40 years$1,091$687$418$248$144$62
41 years$1,053$654$392$229$130$55
42 years$1,016$623$368$211$118$48
43 years$981$594$345$195$107$43
44 years$948$566$324$180$98$38
45 years$917$540$304$166$89$34
46 years$887$515$286$153$80$30
47 years$858$491$269$142$73$26
48 years$830$469$252$131$66$23
49 years$804$448$237$121$60$21
50 years$779$428$223$112$55$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $798,000, adding $4,440 every year, while hoping to spend $22,844 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: 41/39/20 Blend
50$798,000$798,000$798,000$798,000
51$883,976$841,682$829,313$914,848
52$949,836$858,618$832,789$954,205
53$1,021,647$875,619$835,616$994,243
54$1,099,994$892,663$837,748$1,037,108
55$1,185,518$909,728$839,137$1,083,073
56$1,278,924$926,789$839,732$1,132,435
57$1,380,992$943,818$839,480$1,185,525
58$1,492,576$960,788$838,325$1,242,706
59$1,614,619$977,668$836,210$1,304,378
60$1,748,160$994,423$833,072$1,370,985
61$1,894,341$1,011,018$828,849$1,443,015
62$2,054,420$1,027,414$823,471$1,521,006
63$2,229,783$1,043,570$816,870$1,605,554
64$2,421,956$1,059,440$808,970$1,697,314
65$2,632,620$1,074,977$799,695$1,797,011
66$2,863,625$1,090,129$788,963$1,905,442
67$3,117,012$1,104,842$776,690$2,023,489
68$3,395,024$1,119,057$762,787$2,152,125
69$3,700,137$1,132,710$747,160$2,292,422
70$4,035,073$1,145,736$729,712$2,445,563
71$4,402,835$1,158,062$710,342$2,612,855
72$4,806,729$1,169,611$688,943$2,795,737
73$5,250,396$1,180,303$665,404$2,995,800
74$5,737,849$1,190,050$639,607$3,214,795
75$6,273,507$1,198,760$611,432$3,454,658
76$6,862,240$1,206,334$580,750$3,717,522
77$7,509,412$1,212,668$547,428$4,005,740
78$8,220,933$1,217,650$511,328$4,321,908
79$9,003,314$1,221,161$472,304$4,668,889
80$9,863,729$1,223,075$430,203$5,049,843
81$10,810,083$1,223,258$384,868$5,468,252
82$11,851,082$1,221,569$336,131$5,927,958
83$12,996,321$1,217,855$283,821$6,433,200
84$14,256,373$1,211,957$227,756$6,988,650
85$15,642,884$1,203,704$167,747$7,599,463
86$17,168,689$1,192,916$103,597$8,271,323
87$18,847,928$1,179,402$35,101$9,010,498
88$20,696,183$1,162,958$0$9,823,902
89$22,730,621$1,143,371$0$10,727,265
90$24,970,160$1,120,412$0$11,729,405
91$27,435,644$1,093,839$0$12,832,143
92$30,150,041$1,063,399$0$14,045,751
93$33,138,659$1,028,819$0$15,381,554
94$36,429,386$989,815$0$16,852,033
95$40,052,950$946,082$0$18,470,949
96$44,043,212$897,302$0$20,253,468
97$48,437,484$843,134$0$22,216,311
98$53,276,881$783,221$0$24,377,906
99$58,606,707$717,183$0$26,758,568
100$64,476,887$644,621$0$29,380,689