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%13.3%
1 years$66,228$65,638$65,063$64,501$63,953$63,075
2 years$32,786$32,176$31,584$31,010$30,454$29,571
3 years$21,640$21,027$20,437$19,869$19,321$18,461
4 years$16,069$15,457$14,873$14,314$13,780$12,949
5 years$12,726$12,119$11,542$10,995$10,475$9,676
6 years$10,499$9,896$9,328$8,792$8,289$7,521
7 years$8,909$8,310$7,751$7,229$6,741$6,006
8 years$7,716$7,124$6,574$6,064$5,592$4,890
9 years$6,789$6,202$5,662$5,165$4,710$4,040
10 years$6,048$5,467$4,936$4,452$4,013$3,375
11 years$5,443$4,867$4,346$3,875$3,451$2,844
12 years$4,938$4,368$3,857$3,399$2,991$2,414
13 years$4,511$3,948$3,446$3,001$2,608$2,061
14 years$4,146$3,588$3,096$2,664$2,286$1,768
15 years$3,830$3,278$2,795$2,376$2,013$1,523
16 years$3,553$3,008$2,534$2,127$1,779$1,316
17 years$3,309$2,770$2,306$1,911$1,577$1,141
18 years$3,093$2,559$2,105$1,722$1,402$991
19 years$2,900$2,372$1,927$1,556$1,250$863
20 years$2,726$2,204$1,769$1,409$1,117$752
21 years$2,569$2,053$1,627$1,279$999$657
22 years$2,426$1,917$1,499$1,163$896$575
23 years$2,296$1,793$1,384$1,059$804$503
24 years$2,177$1,679$1,280$966$723$441
25 years$2,068$1,576$1,186$882$650$387
26 years$1,967$1,481$1,100$807$586$340
27 years$1,874$1,394$1,021$738$528$298
28 years$1,787$1,314$949$677$477$262
29 years$1,707$1,239$884$620$430$231
30 years$1,633$1,170$823$569$389$203
31 years$1,563$1,106$767$523$351$179
32 years$1,497$1,047$716$481$318$157
33 years$1,436$991$668$442$288$138
34 years$1,379$940$625$407$261$122
35 years$1,325$891$584$374$236$107
36 years$1,274$846$546$345$214$95
37 years$1,226$803$511$318$194$83
38 years$1,180$764$479$293$176$74
39 years$1,137$726$449$270$159$65
40 years$1,096$691$420$249$144$57
41 years$1,058$658$394$230$131$50
42 years$1,021$626$370$212$119$44
43 years$986$597$347$196$108$39
44 years$953$569$326$181$98$35
45 years$921$542$306$167$89$31
46 years$891$517$287$154$81$27
47 years$862$494$270$142$73$24
48 years$835$471$254$132$67$21
49 years$808$450$238$122$60$19
50 years$783$430$224$112$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $802,000, adding $3,243 every year, while hoping to spend $30,576 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: 55/37/8 Blend
50$802,000$802,000$802,000$802,000
51$887,149$844,643$832,212$934,082
52$945,106$853,498$827,559$975,021
53$1,007,949$861,762$821,724$1,015,915
54$1,076,145$869,374$814,638$1,059,698
55$1,150,207$876,268$806,223$1,106,651
56$1,230,699$882,376$796,402$1,157,082
57$1,318,241$887,623$785,092$1,211,332
58$1,413,515$891,930$772,206$1,269,776
59$1,517,273$895,214$757,655$1,332,830
60$1,630,341$897,385$741,342$1,400,953
61$1,753,628$898,350$723,170$1,474,650
62$1,888,136$898,007$703,034$1,554,482
63$2,034,967$896,250$680,826$1,641,065
64$2,195,332$892,965$656,433$1,735,082
65$2,370,569$888,033$629,736$1,837,285
66$2,562,145$881,325$600,610$1,948,506
67$2,771,681$872,707$568,928$2,069,663
68$3,000,957$862,034$534,552$2,201,768
69$3,251,936$849,156$497,341$2,345,941
70$3,526,779$833,910$457,147$2,503,416
71$3,827,865$816,126$413,816$2,675,557
72$4,157,815$795,623$367,186$2,863,868
73$4,519,514$772,211$317,088$3,070,011
74$4,916,140$745,685$263,347$3,295,819
75$5,351,195$715,832$205,778$3,543,315
76$5,828,534$682,425$144,189$3,814,733
77$6,352,405$645,224$78,379$4,112,537
78$6,927,485$603,975$8,140$4,439,447
79$7,558,928$558,410$0$4,798,464
80$8,252,411$508,244$0$5,198,604
81$9,014,187$453,178$0$5,638,929
82$9,851,145$392,895$0$6,122,797
83$10,770,875$327,059$0$6,654,678
84$11,781,736$255,317$0$7,239,500
85$12,892,941$177,296$0$7,882,703
86$14,114,637$92,599$0$8,590,283
87$15,458,004$811$0$9,368,855
88$16,935,361$0$0$10,225,714
89$18,560,278$0$0$11,209,014
90$20,347,708$0$0$12,291,103
91$22,314,126$0$0$13,481,637
92$24,477,683$0$0$14,791,616
93$26,858,380$0$0$16,233,161
94$29,478,253$0$0$17,819,627
95$32,361,584$0$0$19,565,728
96$35,535,125$0$0$21,487,680
97$39,028,357$0$0$23,603,348
98$42,873,760$0$0$25,932,417
99$47,107,127$0$0$28,496,579
100$51,767,895$0$0$31,319,737