Can I retire at age 51 with 802,000?

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 $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%19.3%
1 years$66,228$65,638$65,063$64,501$63,953$61,561
2 years$32,786$32,176$31,584$31,010$30,454$28,072
3 years$21,640$21,027$20,437$19,869$19,321$17,023
4 years$16,069$15,457$14,873$14,314$13,780$11,584
5 years$12,726$12,119$11,542$10,995$10,475$8,387
6 years$10,499$9,896$9,328$8,792$8,289$6,310
7 years$8,909$8,310$7,751$7,229$6,741$4,871
8 years$7,716$7,124$6,574$6,064$5,592$3,829
9 years$6,789$6,202$5,662$5,165$4,710$3,050
10 years$6,048$5,467$4,936$4,452$4,013$2,455
11 years$5,443$4,867$4,346$3,875$3,451$1,991
12 years$4,938$4,368$3,857$3,399$2,991$1,625
13 years$4,511$3,948$3,446$3,001$2,608$1,333
14 years$4,146$3,588$3,096$2,664$2,286$1,097
15 years$3,830$3,278$2,795$2,376$2,013$906
16 years$3,553$3,008$2,534$2,127$1,779$750
17 years$3,309$2,770$2,306$1,911$1,577$623
18 years$3,093$2,559$2,105$1,722$1,402$517
19 years$2,900$2,372$1,927$1,556$1,250$431
20 years$2,726$2,204$1,769$1,409$1,117$359
21 years$2,569$2,053$1,627$1,279$999$299
22 years$2,426$1,917$1,499$1,163$896$250
23 years$2,296$1,793$1,384$1,059$804$209
24 years$2,177$1,679$1,280$966$723$175
25 years$2,068$1,576$1,186$882$650$146
26 years$1,967$1,481$1,100$807$586$122
27 years$1,874$1,394$1,021$738$528$102
28 years$1,787$1,314$949$677$477$86
29 years$1,707$1,239$884$620$430$72
30 years$1,633$1,170$823$569$389$60
31 years$1,563$1,106$767$523$351$50
32 years$1,497$1,047$716$481$318$42
33 years$1,436$991$668$442$288$35
34 years$1,379$940$625$407$261$30
35 years$1,325$891$584$374$236$25
36 years$1,274$846$546$345$214$21
37 years$1,226$803$511$318$194$17
38 years$1,180$764$479$293$176$15
39 years$1,137$726$449$270$159$12
40 years$1,096$691$420$249$144$10
41 years$1,058$658$394$230$131$9
42 years$1,021$626$370$212$119$7
43 years$986$597$347$196$108$6
44 years$953$569$326$181$98$5
45 years$921$542$306$167$89$4
46 years$891$517$287$154$81$4
47 years$862$494$270$142$73$3
48 years$835$471$254$132$67$2
49 years$808$450$238$122$60$2
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 $5,634 every year, while hoping to spend $23,037 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: 44/33/23 Blend
50$802,000$802,000$802,000$802,000
51$889,615$847,109$834,678$922,608
52$955,845$864,107$838,129$963,511
53$1,028,058$881,165$840,923$1,005,147
54$1,106,840$898,262$843,014$1,049,818
55$1,192,837$915,376$844,354$1,097,815
56$1,286,757$932,480$844,891$1,149,462
57$1,389,384$949,549$844,572$1,205,117
58$1,501,577$966,553$843,341$1,265,172
59$1,624,283$983,460$841,139$1,330,063
60$1,758,547$1,000,235$837,903$1,400,269
61$1,905,515$1,016,844$833,570$1,476,319
62$2,066,454$1,033,245$828,071$1,558,795
63$2,242,755$1,049,398$821,334$1,648,343
64$2,435,954$1,065,255$813,286$1,745,672
65$2,647,738$1,080,770$803,848$1,851,566
66$2,879,969$1,095,889$792,939$1,966,890
67$3,134,695$1,110,557$780,472$2,092,598
68$3,414,174$1,124,715$766,358$2,229,742
69$3,720,892$1,138,298$750,503$2,379,484
70$4,057,587$1,151,238$732,809$2,543,104
71$4,427,275$1,163,463$713,172$2,722,016
72$4,833,280$1,174,896$691,486$2,917,778
73$5,279,261$1,185,452$667,638$3,132,110
74$5,769,252$1,195,046$641,510$3,366,908
75$6,307,694$1,203,581$612,979$3,624,266
76$6,899,482$1,210,960$581,916$3,906,491
77$7,550,007$1,217,074$548,188$4,216,128
78$8,265,208$1,221,812$511,653$4,555,986
79$9,051,631$1,225,052$472,166$4,929,161
80$9,916,485$1,226,668$429,571$5,339,068
81$10,867,715$1,226,523$383,709$5,789,475
82$11,914,072$1,224,472$334,414$6,284,535
83$13,065,199$1,220,363$281,509$6,828,831
84$14,331,722$1,214,034$224,812$7,427,413
85$15,725,348$1,205,312$164,133$8,085,854
86$17,258,975$1,194,013$99,273$8,810,298
87$18,946,815$1,179,945$30,024$9,607,520
88$20,804,529$1,162,901$0$10,484,989
89$22,849,371$1,142,664$0$11,461,713
90$25,100,356$1,119,002$0$12,544,568
91$27,578,431$1,091,673$0$13,736,253
92$30,306,682$1,060,416$0$15,047,870
93$33,310,545$1,024,958$0$16,491,658
94$36,618,049$985,009$0$18,081,105
95$40,260,078$940,262$0$19,831,082
96$44,270,663$890,392$0$21,757,977
97$48,687,306$835,057$0$23,879,852
98$53,551,329$773,892$0$26,216,620
99$58,908,267$706,516$0$28,790,225
100$64,808,296$632,520$0$31,624,856