Can I retire at age 51 with 800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.1%
1 years$66,063$65,475$64,901$64,340$63,793$61,950
2 years$32,705$32,095$31,505$30,933$30,378$28,535
3 years$21,586$20,975$20,386$19,819$19,273$17,489
4 years$16,029$15,419$14,836$14,278$13,746$12,034
5 years$12,695$12,088$11,513$10,967$10,449$8,814
6 years$10,473$9,871$9,304$8,771$8,268$6,712
7 years$8,886$8,290$7,732$7,211$6,724$5,246
8 years$7,697$7,106$6,557$6,049$5,578$4,178
9 years$6,773$6,187$5,648$5,152$4,698$3,374
10 years$6,033$5,453$4,924$4,441$4,003$2,753
11 years$5,429$4,855$4,335$3,865$3,442$2,265
12 years$4,926$4,357$3,847$3,390$2,983$1,876
13 years$4,500$3,938$3,437$2,993$2,601$1,561
14 years$4,136$3,579$3,088$2,657$2,280$1,305
15 years$3,820$3,270$2,788$2,370$2,008$1,095
16 years$3,544$3,000$2,528$2,122$1,775$921
17 years$3,301$2,763$2,300$1,906$1,573$777
18 years$3,085$2,553$2,100$1,718$1,399$656
19 years$2,892$2,366$1,922$1,552$1,247$555
20 years$2,719$2,199$1,764$1,406$1,114$471
21 years$2,562$2,048$1,623$1,276$997$399
22 years$2,420$1,912$1,496$1,160$893$339
23 years$2,290$1,788$1,381$1,057$802$288
24 years$2,172$1,675$1,277$964$721$245
25 years$2,063$1,572$1,183$880$649$209
26 years$1,962$1,478$1,097$805$584$178
27 years$1,869$1,391$1,019$737$527$151
28 years$1,783$1,310$947$675$475$129
29 years$1,703$1,236$881$619$429$110
30 years$1,628$1,167$821$568$388$94
31 years$1,559$1,104$765$522$351$80
32 years$1,494$1,044$714$479$317$68
33 years$1,433$989$667$441$287$58
34 years$1,375$937$623$406$260$50
35 years$1,321$889$582$373$235$42
36 years$1,271$844$545$344$213$36
37 years$1,223$801$510$317$193$31
38 years$1,177$762$478$292$175$26
39 years$1,134$724$447$269$159$23
40 years$1,094$689$419$248$144$19
41 years$1,055$656$393$229$131$16
42 years$1,019$625$369$211$119$14
43 years$984$595$346$195$108$12
44 years$951$567$325$180$98$10
45 years$919$541$305$166$89$9
46 years$889$516$287$154$81$7
47 years$860$492$269$142$73$6
48 years$833$470$253$131$66$5
49 years$806$449$238$121$60$5
50 years$781$429$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $800,000, adding $5,179 every year, while hoping to spend $53,375 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: 46/27/27 Blend
50$800,000$800,000$800,000$800,000
51$886,942$844,542$832,142$920,644
52$920,620$829,134$803,228$929,583
53$955,943$811,182$771,557$933,690
54$993,025$790,505$736,979$937,110
55$1,031,985$766,912$699,340$939,807
56$1,072,956$740,199$658,477$941,743
57$1,116,081$710,152$614,219$942,884
58$1,161,516$676,544$566,390$943,195
59$1,209,430$639,135$514,803$942,642
60$1,260,009$597,669$459,266$941,194
61$1,313,454$551,879$399,576$938,819
62$1,369,986$501,481$335,521$935,492
63$1,429,844$446,173$266,881$931,185
64$1,493,292$385,639$193,425$925,880
65$1,560,617$319,544$114,913$919,559
66$1,632,130$247,533$31,094$912,211
67$1,708,177$169,232$0$903,831
68$1,789,132$84,245$0$911,233
69$1,875,407$0$0$928,268
70$1,967,450$0$0$948,402
71$2,065,755$0$0$996,694
72$2,170,863$0$0$1,048,385
73$2,283,365$0$0$1,103,774
74$2,403,912$0$0$1,163,190
75$2,533,215$0$0$1,226,991
76$2,672,056$0$0$1,295,572
77$2,821,293$0$0$1,369,367
78$2,981,868$0$0$1,448,850
79$3,154,815$0$0$1,534,545
80$3,341,270$0$0$1,627,025
81$3,542,480$0$0$1,726,920
82$3,759,815$0$0$1,834,924
83$3,994,784$0$0$1,951,797
84$4,249,040$0$0$2,078,378
85$4,524,404$0$0$2,215,586
86$4,822,878$0$0$2,364,433
87$5,146,660$0$0$2,526,033
88$5,498,172$0$0$2,701,610
89$5,880,074$0$0$2,892,509
90$6,295,294$0$0$3,100,214
91$6,747,054$0$0$3,326,354
92$7,238,897$0$0$3,572,722
93$7,774,722$0$0$3,841,293
94$8,358,822$0$0$4,134,239
95$8,995,919$0$0$4,453,951
96$9,691,211$0$0$4,803,061
97$10,450,421$0$0$5,184,467
98$11,279,848$0$0$5,601,359
99$12,186,426$0$0$6,057,248
100$13,177,790$0$0$6,556,001