Can I retire at age 51 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$66,311$65,720$65,144$64,582$64,032$61,958
2 years$32,827$32,216$31,623$31,049$30,492$28,421
3 years$21,667$21,053$20,462$19,893$19,345$17,343
4 years$16,089$15,476$14,891$14,332$13,797$11,880
5 years$12,742$12,134$11,556$11,008$10,488$8,660
6 years$10,512$9,908$9,339$8,803$8,299$6,562
7 years$8,920$8,321$7,761$7,238$6,749$5,103
8 years$7,726$7,132$6,582$6,072$5,599$4,042
9 years$6,798$6,210$5,669$5,172$4,715$3,246
10 years$6,056$5,474$4,942$4,458$4,018$2,634
11 years$5,449$4,873$4,351$3,880$3,455$2,155
12 years$4,944$4,374$3,862$3,403$2,994$1,774
13 years$4,517$3,953$3,450$3,004$2,611$1,468
14 years$4,151$3,593$3,100$2,667$2,289$1,219
15 years$3,834$3,282$2,799$2,379$2,015$1,016
16 years$3,558$3,011$2,538$2,130$1,781$849
17 years$3,314$2,773$2,309$1,914$1,579$712
18 years$3,097$2,563$2,108$1,724$1,404$597
19 years$2,903$2,375$1,930$1,558$1,252$502
20 years$2,729$2,207$1,771$1,411$1,118$423
21 years$2,572$2,056$1,629$1,281$1,000$356
22 years$2,429$1,919$1,501$1,165$897$300
23 years$2,299$1,795$1,386$1,061$805$253
24 years$2,180$1,682$1,282$967$724$214
25 years$2,070$1,578$1,187$883$651$181
26 years$1,969$1,483$1,101$808$586$153
27 years$1,876$1,396$1,023$739$529$129
28 years$1,790$1,315$951$677$477$109
29 years$1,709$1,241$885$621$431$93
30 years$1,635$1,172$824$570$389$78
31 years$1,565$1,108$768$524$352$66
32 years$1,499$1,048$717$481$318$56
33 years$1,438$993$669$442$288$48
34 years$1,381$941$625$407$261$40
35 years$1,326$892$585$375$236$34
36 years$1,275$847$547$345$214$29
37 years$1,227$804$512$318$194$24
38 years$1,182$764$479$293$176$21
39 years$1,139$727$449$270$160$18
40 years$1,098$692$421$249$145$15
41 years$1,059$658$395$230$131$13
42 years$1,022$627$370$212$119$11
43 years$987$597$347$196$108$9
44 years$954$569$326$181$98$8
45 years$922$543$306$167$89$7
46 years$892$518$288$154$81$6
47 years$863$494$270$143$73$5
48 years$836$472$254$132$67$4
49 years$809$451$239$122$61$3
50 years$784$430$224$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $803,000, adding $6,678 every year, while hoping to spend $55,508 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: 53/42/5 Blend
50$803,000$803,000$803,000$803,000
51$891,794$849,235$836,789$937,733
52$923,697$831,788$805,761$952,109
53$956,994$811,625$771,834$961,061
54$991,768$788,555$734,851$969,443
55$1,028,109$762,375$694,649$977,208
56$1,066,116$732,871$651,059$984,310
57$1,105,893$699,815$603,903$990,702
58$1,147,554$662,967$552,994$996,335
59$1,191,225$622,072$498,140$1,001,161
60$1,237,038$576,862$439,136$1,005,127
61$1,285,140$527,052$375,771$1,008,184
62$1,335,689$472,342$307,824$1,010,280
63$1,388,857$412,415$235,064$1,011,364
64$1,444,832$346,934$157,249$1,011,386
65$1,503,816$275,546$74,129$1,010,295
66$1,566,033$197,875$0$1,008,043
67$1,631,724$113,527$0$1,005,360
68$1,701,154$22,083$0$1,005,695
69$1,774,609$0$0$1,005,064
70$1,852,404$0$0$1,038,984
71$1,934,884$0$0$1,085,805
72$2,022,423$0$0$1,135,538
73$2,115,432$0$0$1,188,422
74$2,214,359$0$0$1,244,717
75$2,319,696$0$0$1,304,709
76$2,431,980$0$0$1,368,711
77$2,551,802$0$0$1,437,065
78$2,679,806$0$0$1,510,147
79$2,816,699$0$0$1,588,368
80$2,963,258$0$0$1,672,179
81$3,120,332$0$0$1,762,075
82$3,288,854$0$0$1,858,601
83$3,469,849$0$0$1,962,350
84$3,664,439$0$0$2,073,979
85$3,873,858$0$0$2,194,204
86$4,099,461$0$0$2,323,817
87$4,342,735$0$0$2,463,682
88$4,605,315$0$0$2,614,754
89$4,888,996$0$0$2,778,077
90$5,195,752$0$0$2,954,803
91$5,527,751$0$0$3,146,196
92$5,887,378$0$0$3,353,646
93$6,277,255$0$0$3,578,681
94$6,700,263$0$0$3,822,984
95$7,159,575$0$0$4,088,403
96$7,658,677$0$0$4,376,972
97$8,201,406$0$0$4,690,929
98$8,791,981$0$0$5,032,736
99$9,435,047$0$0$5,405,103
100$10,135,714$0$0$5,811,010