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%11.7%
1 years$65,898$65,311$64,738$64,179$63,634$63,180
2 years$32,623$32,015$31,426$30,856$30,302$29,844
3 years$21,533$20,922$20,335$19,769$19,225$18,777
4 years$15,988$15,380$14,799$14,243$13,711$13,278
5 years$12,663$12,058$11,484$10,940$10,423$10,005
6 years$10,447$9,846$9,281$8,749$8,247$7,845
7 years$8,864$8,269$7,713$7,193$6,707$6,320
8 years$7,678$7,088$6,541$6,034$5,564$5,193
9 years$6,756$6,171$5,634$5,139$4,686$4,331
10 years$6,018$5,440$4,912$4,430$3,993$3,653
11 years$5,415$4,843$4,324$3,856$3,434$3,109
12 years$4,913$4,347$3,838$3,382$2,976$2,666
13 years$4,489$3,928$3,429$2,986$2,595$2,300
14 years$4,125$3,570$3,081$2,650$2,275$1,994
15 years$3,811$3,262$2,781$2,364$2,003$1,736
16 years$3,535$2,993$2,522$2,116$1,770$1,517
17 years$3,293$2,756$2,295$1,902$1,569$1,329
18 years$3,078$2,547$2,095$1,714$1,395$1,168
19 years$2,885$2,360$1,918$1,548$1,244$1,029
20 years$2,712$2,193$1,760$1,402$1,111$908
21 years$2,556$2,043$1,619$1,273$994$802
22 years$2,414$1,907$1,492$1,157$891$710
23 years$2,285$1,784$1,378$1,054$800$630
24 years$2,166$1,671$1,274$961$719$559
25 years$2,057$1,568$1,180$878$647$496
26 years$1,957$1,474$1,094$803$583$441
27 years$1,864$1,387$1,016$735$525$392
28 years$1,779$1,307$945$673$474$349
29 years$1,699$1,233$879$617$428$311
30 years$1,624$1,165$819$567$387$277
31 years$1,555$1,101$763$520$350$247
32 years$1,490$1,042$712$478$316$221
33 years$1,429$986$665$440$286$197
34 years$1,372$935$621$405$259$176
35 years$1,318$887$581$372$235$157
36 years$1,267$842$543$343$213$140
37 years$1,220$799$509$316$193$125
38 years$1,174$760$476$291$175$112
39 years$1,132$722$446$269$159$100
40 years$1,091$687$418$248$144$90
41 years$1,053$654$392$229$130$80
42 years$1,016$623$368$211$118$72
43 years$981$594$345$195$107$64
44 years$948$566$324$180$98$57
45 years$917$540$304$166$89$51
46 years$887$515$286$153$80$46
47 years$858$491$269$142$73$41
48 years$830$469$252$131$66$37
49 years$804$448$237$121$60$33
50 years$779$428$223$112$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $798,000, adding $4,604 every year, while hoping to spend $44,010 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: 54/30/16 Blend
50$798,000$798,000$798,000$798,000
51$884,145$841,851$829,482$927,874
52$927,502$836,275$810,443$952,647
53$973,805$828,952$789,292$974,510
54$1,023,311$819,747$765,910$997,321
55$1,076,296$808,523$740,176$1,021,182
56$1,133,067$795,129$711,961$1,046,206
57$1,193,959$779,410$681,131$1,072,522
58$1,259,340$761,197$647,545$1,100,273
59$1,329,612$740,316$611,058$1,129,619
60$1,405,220$716,579$571,515$1,160,741
61$1,486,649$689,788$528,758$1,193,838
62$1,574,434$659,734$482,618$1,229,136
63$1,669,162$626,197$432,922$1,266,886
64$1,771,477$588,941$379,485$1,307,367
65$1,882,089$547,720$322,119$1,350,892
66$2,001,775$502,272$260,623$1,397,809
67$2,131,392$452,319$194,790$1,448,507
68$2,271,881$397,570$124,403$1,503,417
69$2,424,278$337,716$49,235$1,563,021
70$2,589,720$272,429$0$1,627,855
71$2,769,459$201,366$0$1,703,804
72$2,964,873$124,162$0$1,795,555
73$3,177,476$40,432$0$1,895,473
74$3,408,935$0$0$2,004,423
75$3,661,085$0$0$2,139,944
76$3,935,944$0$0$2,302,288
77$4,235,734$0$0$2,479,430
78$4,562,900$0$0$2,672,823
79$4,920,132$0$0$2,884,067
80$5,310,395$0$0$3,114,925
81$5,736,950$0$0$3,367,335
82$6,203,387$0$0$3,643,435
83$6,713,660$0$0$3,945,574
84$7,272,124$0$0$4,276,342
85$7,883,572$0$0$4,638,591
86$8,553,282$0$0$5,035,460
87$9,287,069$0$0$5,470,408
88$10,091,335$0$0$5,947,242
89$10,973,131$0$0$6,470,157
90$11,940,223$0$0$7,043,773
91$13,001,166$0$0$7,673,177
92$14,165,380$0$0$8,363,976
93$15,443,244$0$0$9,122,342
94$16,846,190$0$0$9,955,077
95$18,386,810$0$0$10,869,672
96$20,078,976$0$0$11,874,380
97$21,937,969$0$0$12,978,291
98$23,980,624$0$0$14,191,423
99$26,225,486$0$0$15,524,808
100$28,692,988$0$0$16,990,604