Can I retire at age 51 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$66,063$65,475$64,901$64,340$63,793$63,127
2 years$32,705$32,095$31,505$30,933$30,378$29,707
3 years$21,586$20,975$20,386$19,819$19,273$18,618
4 years$16,029$15,419$14,836$14,278$13,746$13,112
5 years$12,695$12,088$11,513$10,967$10,449$9,839
6 years$10,473$9,871$9,304$8,771$8,268$7,681
7 years$8,886$8,290$7,732$7,211$6,724$6,161
8 years$7,697$7,106$6,557$6,049$5,578$5,040
9 years$6,773$6,187$5,648$5,152$4,698$4,183
10 years$6,033$5,453$4,924$4,441$4,003$3,511
11 years$5,429$4,855$4,335$3,865$3,442$2,974
12 years$4,926$4,357$3,847$3,390$2,983$2,537
13 years$4,500$3,938$3,437$2,993$2,601$2,178
14 years$4,136$3,579$3,088$2,657$2,280$1,878
15 years$3,820$3,270$2,788$2,370$2,008$1,626
16 years$3,544$3,000$2,528$2,122$1,775$1,413
17 years$3,301$2,763$2,300$1,906$1,573$1,232
18 years$3,085$2,553$2,100$1,718$1,399$1,076
19 years$2,892$2,366$1,922$1,552$1,247$942
20 years$2,719$2,199$1,764$1,406$1,114$827
21 years$2,562$2,048$1,623$1,276$997$726
22 years$2,420$1,912$1,496$1,160$893$639
23 years$2,290$1,788$1,381$1,057$802$563
24 years$2,172$1,675$1,277$964$721$497
25 years$2,063$1,572$1,183$880$649$438
26 years$1,962$1,478$1,097$805$584$387
27 years$1,869$1,391$1,019$737$527$342
28 years$1,783$1,310$947$675$475$303
29 years$1,703$1,236$881$619$429$268
30 years$1,628$1,167$821$568$388$237
31 years$1,559$1,104$765$522$351$210
32 years$1,494$1,044$714$479$317$186
33 years$1,433$989$667$441$287$165
34 years$1,375$937$623$406$260$147
35 years$1,321$889$582$373$235$130
36 years$1,271$844$545$344$213$115
37 years$1,223$801$510$317$193$102
38 years$1,177$762$478$292$175$91
39 years$1,134$724$447$269$159$81
40 years$1,094$689$419$248$144$72
41 years$1,055$656$393$229$131$64
42 years$1,019$625$369$211$119$56
43 years$984$595$346$195$108$50
44 years$951$567$325$180$98$45
45 years$919$541$305$166$89$40
46 years$889$516$287$154$81$35
47 years$860$492$269$142$73$31
48 years$833$470$253$131$66$28
49 years$806$449$238$121$60$25
50 years$781$429$224$112$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $800,000, adding $6,388 every year, while hoping to spend $30,083 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: 54/37/9 Blend
50$800,000$800,000$800,000$800,000
51$888,189$845,789$833,389$933,835
52$946,776$855,225$829,300$974,923
53$1,010,331$864,114$824,065$1,015,784
54$1,079,329$872,400$817,615$1,059,538
55$1,154,291$880,018$809,876$1,106,465
56$1,235,793$886,903$800,771$1,156,875
57$1,324,467$892,985$790,220$1,211,109
58$1,421,008$898,186$778,137$1,269,544
59$1,526,182$902,429$764,436$1,332,595
60$1,640,831$905,626$749,023$1,400,723
61$1,765,882$907,688$731,801$1,474,436
62$1,902,355$908,518$712,670$1,554,292
63$2,051,373$908,013$691,523$1,640,912
64$2,214,174$906,066$668,249$1,734,979
65$2,392,117$902,561$642,733$1,837,247
66$2,586,701$897,375$614,853$1,948,549
67$2,799,577$890,378$584,482$2,069,805
68$3,032,560$881,433$551,489$2,202,030
69$3,287,651$870,393$515,734$2,346,346
70$3,567,054$857,105$477,073$2,503,989
71$3,873,194$841,403$435,355$2,676,327
72$4,208,742$823,114$390,422$2,864,865
73$4,576,641$802,055$342,109$3,071,270
74$4,980,133$778,029$290,244$3,297,378
75$5,422,785$750,832$234,646$3,545,216
76$5,908,531$720,244$175,128$3,817,022
77$6,441,700$686,035$111,494$4,115,266
78$7,027,063$647,961$43,539$4,442,672
79$7,669,875$605,763$0$4,802,248
80$8,375,925$559,167$0$5,200,094
81$9,151,589$507,886$0$5,641,732
82$10,003,892$451,613$0$6,127,038
83$10,940,573$390,027$0$6,660,492
84$11,970,159$322,786$0$7,247,035
85$13,102,043$249,529$0$7,892,118
86$14,346,573$169,878$0$8,601,751
87$15,715,151$83,429$0$9,382,562
88$17,220,338$0$0$10,241,863
89$18,875,975$0$0$11,191,884
90$20,697,311$0$0$12,274,439
91$22,701,147$0$0$13,465,554
92$24,905,994$0$0$14,776,246
93$27,332,249$0$0$16,218,651
94$30,002,387$0$0$17,806,140
95$32,941,170$0$0$19,553,449
96$36,175,882$0$0$21,476,813
97$39,736,589$0$0$23,594,120
98$43,656,416$0$0$25,925,083
99$47,971,867$0$0$28,491,421
100$52,723,163$0$0$31,317,068