Can I retire at age 51 with 801,000?

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 $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%12.1%
1 years$66,146$65,557$64,982$64,421$63,873$63,311
2 years$32,745$32,136$31,545$30,972$30,416$29,850
3 years$21,613$21,001$20,411$19,844$19,297$18,744
4 years$16,049$15,438$14,854$14,296$13,763$13,228
5 years$12,710$12,104$11,528$10,981$10,462$9,946
6 years$10,486$9,883$9,316$8,782$8,278$7,782
7 years$8,897$8,300$7,742$7,220$6,733$6,256
8 years$7,707$7,115$6,565$6,056$5,585$5,129
9 years$6,781$6,195$5,655$5,159$4,704$4,267
10 years$6,041$5,460$4,930$4,447$4,008$3,590
11 years$5,436$4,861$4,340$3,870$3,447$3,049
12 years$4,932$4,363$3,852$3,395$2,987$2,608
13 years$4,506$3,943$3,441$2,997$2,605$2,244
14 years$4,141$3,584$3,092$2,660$2,283$1,940
15 years$3,825$3,274$2,792$2,373$2,010$1,685
16 years$3,549$3,004$2,531$2,124$1,777$1,468
17 years$3,305$2,766$2,303$1,909$1,575$1,283
18 years$3,089$2,556$2,103$1,720$1,401$1,124
19 years$2,896$2,369$1,925$1,554$1,249$987
20 years$2,722$2,202$1,767$1,408$1,115$869
21 years$2,565$2,051$1,625$1,278$998$765
22 years$2,423$1,914$1,498$1,162$895$676
23 years$2,293$1,790$1,383$1,058$803$597
24 years$2,174$1,677$1,279$965$722$528
25 years$2,065$1,574$1,184$881$649$468
26 years$1,964$1,479$1,098$806$585$414
27 years$1,871$1,392$1,020$737$527$368
28 years$1,785$1,312$948$676$476$326
29 years$1,705$1,238$882$620$430$290
30 years$1,630$1,169$822$569$388$257
31 years$1,561$1,105$766$522$351$229
32 years$1,496$1,046$715$480$318$203
33 years$1,434$990$668$441$287$181
34 years$1,377$938$624$406$260$161
35 years$1,323$890$583$374$236$143
36 years$1,272$845$546$344$214$128
37 years$1,224$802$511$317$194$114
38 years$1,179$763$478$292$175$101
39 years$1,136$725$448$270$159$90
40 years$1,095$690$420$249$144$80
41 years$1,056$657$394$229$131$72
42 years$1,020$625$369$212$119$64
43 years$985$596$347$195$108$57
44 years$952$568$325$180$98$51
45 years$920$542$305$167$89$45
46 years$890$517$287$154$81$40
47 years$861$493$270$142$73$36
48 years$834$471$253$131$67$32
49 years$807$450$238$121$60$29
50 years$782$429$224$112$55$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $801,000, adding $4,980 every year, while hoping to spend $37,918 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: 40/37/23 Blend
50$801,000$801,000$801,000$801,000
51$887,839$845,386$832,970$917,138
52$938,054$846,465$820,530$939,765
53$992,120$846,327$806,403$960,270
54$1,050,390$844,871$790,491$981,696
55$1,113,252$841,991$772,694$1,004,147
56$1,181,130$837,575$752,906$1,027,743
57$1,254,494$831,505$731,017$1,052,618
58$1,333,856$823,653$706,910$1,078,922
59$1,419,783$813,885$680,465$1,106,824
60$1,512,895$802,060$651,555$1,136,511
61$1,613,876$788,026$620,048$1,168,196
62$1,723,477$771,625$585,805$1,202,114
63$1,842,524$752,687$548,682$1,238,531
64$1,971,927$731,034$508,528$1,277,742
65$2,112,685$706,476$465,185$1,320,076
66$2,265,898$678,813$418,488$1,365,902
67$2,432,777$647,832$368,265$1,415,630
68$2,614,654$613,310$314,336$1,469,718
69$2,812,995$575,009$256,512$1,528,675
70$3,029,414$532,677$194,599$1,593,069
71$3,265,687$486,051$128,390$1,663,531
72$3,523,768$434,849$57,673$1,740,763
73$3,805,811$378,775$0$1,825,546
74$4,114,185$317,516$0$1,923,115
75$4,451,498$250,741$0$2,045,456
76$4,820,624$178,100$0$2,179,529
77$5,224,726$99,225$0$2,326,585
78$5,667,286$13,725$0$2,488,009
79$6,152,141$0$0$2,665,330
80$6,683,516$0$0$2,892,330
81$7,266,062$0$0$3,147,423
82$7,904,904$0$0$3,427,277
83$8,605,685$0$0$3,734,380
84$9,374,622$0$0$4,071,469
85$10,218,562$0$0$4,441,560
86$11,145,048$0$0$4,847,977
87$12,162,387$0$0$5,294,380
88$13,279,732$0$0$5,784,802
89$14,507,164$0$0$6,323,684
90$15,855,791$0$0$6,915,920
91$17,337,849$0$0$7,566,901
92$18,966,816$0$0$8,282,568
93$20,757,544$0$0$9,069,464
94$22,726,394$0$0$9,934,798
95$24,891,391$0$0$10,886,515
96$27,272,396$0$0$11,933,365
97$29,891,288$0$0$13,084,991
98$32,772,177$0$0$14,352,017
99$35,941,623$0$0$15,746,149
100$39,428,893$0$0$17,280,285