Can I retire at age 51 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$66,228$65,638$65,063$64,501$63,953$61,733
2 years$32,786$32,176$31,584$31,010$30,454$28,240
3 years$21,640$21,027$20,437$19,869$19,321$17,183
4 years$16,069$15,457$14,873$14,314$13,780$11,734
5 years$12,726$12,119$11,542$10,995$10,475$8,527
6 years$10,499$9,896$9,328$8,792$8,289$6,440
7 years$8,909$8,310$7,751$7,229$6,741$4,991
8 years$7,716$7,124$6,574$6,064$5,592$3,940
9 years$6,789$6,202$5,662$5,165$4,710$3,152
10 years$6,048$5,467$4,936$4,452$4,013$2,548
11 years$5,443$4,867$4,346$3,875$3,451$2,076
12 years$4,938$4,368$3,857$3,399$2,991$1,702
13 years$4,511$3,948$3,446$3,001$2,608$1,403
14 years$4,146$3,588$3,096$2,664$2,286$1,161
15 years$3,830$3,278$2,795$2,376$2,013$963
16 years$3,553$3,008$2,534$2,127$1,779$802
17 years$3,309$2,770$2,306$1,911$1,577$669
18 years$3,093$2,559$2,105$1,722$1,402$559
19 years$2,900$2,372$1,927$1,556$1,250$467
20 years$2,726$2,204$1,769$1,409$1,117$392
21 years$2,569$2,053$1,627$1,279$999$328
22 years$2,426$1,917$1,499$1,163$896$276
23 years$2,296$1,793$1,384$1,059$804$232
24 years$2,177$1,679$1,280$966$723$195
25 years$2,068$1,576$1,186$882$650$164
26 years$1,967$1,481$1,100$807$586$138
27 years$1,874$1,394$1,021$738$528$116
28 years$1,787$1,314$949$677$477$98
29 years$1,707$1,239$884$620$430$82
30 years$1,633$1,170$823$569$389$69
31 years$1,563$1,106$767$523$351$58
32 years$1,497$1,047$716$481$318$49
33 years$1,436$991$668$442$288$41
34 years$1,379$940$625$407$261$35
35 years$1,325$891$584$374$236$29
36 years$1,274$846$546$345$214$25
37 years$1,226$803$511$318$194$21
38 years$1,180$764$479$293$176$18
39 years$1,137$726$449$270$159$15
40 years$1,096$691$420$249$144$13
41 years$1,058$658$394$230$131$11
42 years$1,021$626$370$212$119$9
43 years$986$597$347$196$108$7
44 years$953$569$326$181$98$6
45 years$921$542$306$167$89$5
46 years$891$517$287$154$81$4
47 years$862$494$270$142$73$4
48 years$835$471$254$132$67$3
49 years$808$450$238$122$60$3
50 years$783$430$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $802,000, adding $3,742 every year, while hoping to spend $30,200 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: 56/17/27 Blend
50$802,000$802,000$802,000$802,000
51$887,664$845,158$832,727$930,593
52$946,073$854,438$828,491$969,792
53$1,009,428$863,161$823,100$1,009,017
54$1,078,201$871,267$816,485$1,051,135
55$1,152,911$878,693$808,572$1,096,437
56$1,234,132$885,373$799,282$1,145,241
57$1,322,491$891,233$788,536$1,197,901
58$1,418,680$896,199$776,247$1,254,806
59$1,523,462$900,189$762,328$1,316,388
60$1,637,674$903,117$746,685$1,383,121
61$1,762,238$904,892$729,220$1,455,531
62$1,898,170$905,415$709,833$1,534,201
63$2,046,586$904,584$688,415$1,619,770
64$2,208,718$902,288$664,857$1,712,947
65$2,385,918$898,411$639,041$1,814,515
66$2,579,678$892,829$610,845$1,925,338
67$2,791,639$885,412$580,142$2,046,369
68$3,023,608$876,019$546,799$2,178,662
69$3,277,575$864,503$510,676$2,323,381
70$3,555,733$850,708$471,628$2,481,809
71$3,860,493$834,469$429,503$2,655,364
72$4,194,515$815,609$384,143$2,845,610
73$4,560,724$793,943$335,380$3,054,275
74$4,962,345$769,273$283,043$3,283,265
75$5,402,930$741,393$226,950$3,534,683
76$5,886,388$710,081$166,913$3,810,851
77$6,417,028$675,103$102,733$4,114,333
78$6,999,596$636,215$34,206$4,447,953
79$7,639,319$593,153$0$4,814,833
80$8,341,955$545,643$0$5,229,629
81$9,113,848$493,393$0$5,696,168
82$9,961,986$436,095$0$6,208,844
83$10,894,067$373,422$0$6,772,349
84$11,918,574$305,032$0$7,391,855
85$13,044,850$230,559$0$8,073,062
86$14,283,188$149,621$0$8,822,256
87$15,644,932$61,811$0$9,646,362
88$17,142,577$0$0$10,553,015
89$18,789,891$0$0$11,556,859
90$20,602,041$0$0$12,673,952
91$22,595,742$0$0$13,903,046
92$24,789,408$0$0$15,255,501
93$27,203,328$0$0$16,743,840
94$29,859,857$0$0$18,381,855
95$32,783,630$0$0$20,184,748
96$36,001,786$0$0$22,169,265
97$39,544,232$0$0$24,353,863
98$43,443,920$0$0$26,758,874
99$47,737,162$0$0$29,406,705
100$52,463,966$0$0$32,322,046