Can I retire at age 51 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$66,146$65,557$64,982$64,421$63,873$61,927
2 years$32,745$32,136$31,545$30,972$30,416$28,472
3 years$21,613$21,001$20,411$19,844$19,297$17,417
4 years$16,049$15,438$14,854$14,296$13,763$11,960
5 years$12,710$12,104$11,528$10,981$10,462$8,742
6 years$10,486$9,883$9,316$8,782$8,278$6,642
7 years$8,897$8,300$7,742$7,220$6,733$5,180
8 years$7,707$7,115$6,565$6,056$5,585$4,115
9 years$6,781$6,195$5,655$5,159$4,704$3,315
10 years$6,041$5,460$4,930$4,447$4,008$2,698
11 years$5,436$4,861$4,340$3,870$3,447$2,214
12 years$4,932$4,363$3,852$3,395$2,987$1,829
13 years$4,506$3,943$3,441$2,997$2,605$1,518
14 years$4,141$3,584$3,092$2,660$2,283$1,266
15 years$3,825$3,274$2,792$2,373$2,010$1,059
16 years$3,549$3,004$2,531$2,124$1,777$888
17 years$3,305$2,766$2,303$1,909$1,575$747
18 years$3,089$2,556$2,103$1,720$1,401$629
19 years$2,896$2,369$1,925$1,554$1,249$531
20 years$2,722$2,202$1,767$1,408$1,115$449
21 years$2,565$2,051$1,625$1,278$998$379
22 years$2,423$1,914$1,498$1,162$895$321
23 years$2,293$1,790$1,383$1,058$803$272
24 years$2,174$1,677$1,279$965$722$231
25 years$2,065$1,574$1,184$881$649$196
26 years$1,964$1,479$1,098$806$585$166
27 years$1,871$1,392$1,020$737$527$141
28 years$1,785$1,312$948$676$476$120
29 years$1,705$1,238$882$620$430$102
30 years$1,630$1,169$822$569$388$87
31 years$1,561$1,105$766$522$351$74
32 years$1,496$1,046$715$480$318$63
33 years$1,434$990$668$441$287$53
34 years$1,377$938$624$406$260$45
35 years$1,323$890$583$374$236$38
36 years$1,272$845$546$344$214$33
37 years$1,224$802$511$317$194$28
38 years$1,179$763$478$292$175$24
39 years$1,136$725$448$270$159$20
40 years$1,095$690$420$249$144$17
41 years$1,056$657$394$229$131$15
42 years$1,020$625$369$212$119$12
43 years$985$596$347$195$108$11
44 years$952$568$325$180$98$9
45 years$920$542$305$167$89$8
46 years$890$517$287$154$81$7
47 years$861$493$270$142$73$6
48 years$834$471$253$131$67$5
49 years$807$450$238$121$60$4
50 years$782$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $801,000, adding $2,067 every year, while hoping to spend $41,118 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: 58/32/10 Blend
50$801,000$801,000$801,000$801,000
51$884,834$842,381$829,966$933,931
52$931,338$839,909$814,020$964,764
53$981,207$835,937$796,163$993,567
54$1,034,741$830,349$776,285$1,023,966
55$1,092,270$823,021$754,276$1,056,115
56$1,154,154$813,821$730,016$1,090,192
57$1,220,790$802,611$703,384$1,126,390
58$1,292,613$789,242$674,250$1,164,923
59$1,370,103$773,557$642,481$1,206,033
60$1,453,784$755,393$607,935$1,249,985
61$1,544,235$734,571$570,465$1,297,074
62$1,642,090$710,908$529,919$1,347,627
63$1,748,046$684,206$486,134$1,402,009
64$1,862,872$654,258$438,945$1,460,623
65$1,987,411$620,842$388,176$1,523,915
66$2,122,590$583,727$333,643$1,592,383
67$2,269,430$542,665$275,156$1,666,575
68$2,429,054$497,397$212,515$1,747,102
69$2,602,695$447,648$145,512$1,834,639
70$2,791,713$393,126$73,930$1,929,935
71$2,997,603$333,523$0$2,033,817
72$3,222,009$268,517$0$2,147,468
73$3,466,741$197,762$0$2,280,076
74$3,733,794$120,897$0$2,424,897
75$4,025,359$37,539$0$2,583,203
76$4,343,851$0$0$2,756,403
77$4,691,929$0$0$2,964,615
78$5,072,519$0$0$3,206,793
79$5,488,841$0$0$3,471,776
80$5,944,445$0$0$3,761,831
81$6,443,237$0$0$4,079,454
82$6,989,517$0$0$4,427,392
83$7,588,024$0$0$4,808,673
84$8,243,974$0$0$5,226,629
85$8,963,114$0$0$5,684,933
86$9,751,770$0$0$6,187,627
87$10,616,914$0$0$6,739,164
88$11,566,222$0$0$7,344,452
89$12,608,150$0$0$8,008,892
90$13,752,013$0$0$8,738,437
91$15,008,073$0$0$9,539,644
92$16,387,630$0$0$10,419,735
93$17,903,138$0$0$11,386,668
94$19,568,313$0$0$12,449,208
95$21,398,266$0$0$13,617,011
96$23,409,645$0$0$14,900,717
97$25,620,790$0$0$16,312,046
98$28,051,908$0$0$17,863,911
99$30,725,260$0$0$19,570,540
100$33,665,374$0$0$21,447,607