Can I retire at age 51 with 803,000?

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 $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%12%
1 years$66,311$65,720$65,144$64,582$64,032$63,496
2 years$32,827$32,216$31,623$31,049$30,492$29,951
3 years$21,667$21,053$20,462$19,893$19,345$18,817
4 years$16,089$15,476$14,891$14,332$13,797$13,286
5 years$12,742$12,134$11,556$11,008$10,488$9,995
6 years$10,512$9,908$9,339$8,803$8,299$7,824
7 years$8,920$8,321$7,761$7,238$6,749$6,294
8 years$7,726$7,132$6,582$6,072$5,599$5,162
9 years$6,798$6,210$5,669$5,172$4,715$4,297
10 years$6,056$5,474$4,942$4,458$4,018$3,618
11 years$5,449$4,873$4,351$3,880$3,455$3,074
12 years$4,944$4,374$3,862$3,403$2,994$2,631
13 years$4,517$3,953$3,450$3,004$2,611$2,265
14 years$4,151$3,593$3,100$2,667$2,289$1,960
15 years$3,834$3,282$2,799$2,379$2,015$1,703
16 years$3,558$3,011$2,538$2,130$1,781$1,485
17 years$3,314$2,773$2,309$1,914$1,579$1,299
18 years$3,097$2,563$2,108$1,724$1,404$1,139
19 years$2,903$2,375$1,930$1,558$1,252$1,001
20 years$2,729$2,207$1,771$1,411$1,118$881
21 years$2,572$2,056$1,629$1,281$1,000$777
22 years$2,429$1,919$1,501$1,165$897$686
23 years$2,299$1,795$1,386$1,061$805$607
24 years$2,180$1,682$1,282$967$724$537
25 years$2,070$1,578$1,187$883$651$476
26 years$1,969$1,483$1,101$808$586$422
27 years$1,876$1,396$1,023$739$529$375
28 years$1,790$1,315$951$677$477$333
29 years$1,709$1,241$885$621$431$296
30 years$1,635$1,172$824$570$389$263
31 years$1,565$1,108$768$524$352$234
32 years$1,499$1,048$717$481$318$208
33 years$1,438$993$669$442$288$185
34 years$1,381$941$625$407$261$165
35 years$1,326$892$585$375$236$147
36 years$1,275$847$547$345$214$131
37 years$1,227$804$512$318$194$117
38 years$1,182$764$479$293$176$104
39 years$1,139$727$449$270$160$93
40 years$1,098$692$421$249$145$83
41 years$1,059$658$395$230$131$74
42 years$1,022$627$370$212$119$66
43 years$987$597$347$196$108$59
44 years$954$569$326$181$98$52
45 years$922$543$306$167$89$47
46 years$892$518$288$154$81$42
47 years$863$494$270$143$73$37
48 years$836$472$254$132$67$33
49 years$809$451$239$122$61$30
50 years$784$430$224$113$55$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $803,000, adding $5,963 every year, while hoping to spend $31,763 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: 65/30/5 Blend
50$803,000$803,000$803,000$803,000
51$891,057$848,498$836,051$947,981
52$948,149$856,279$830,263$994,328
53$1,010,000$863,376$823,217$1,040,589
54$1,077,062$869,723$814,837$1,090,281
55$1,149,831$875,249$805,043$1,143,732
56$1,228,855$879,877$793,752$1,201,306
57$1,314,733$883,526$780,879$1,263,404
58$1,408,129$886,111$766,331$1,330,467
59$1,509,768$887,541$750,013$1,402,984
60$1,620,452$887,718$731,826$1,481,492
61$1,741,061$886,539$711,665$1,566,585
62$1,872,565$883,895$689,421$1,658,916
63$2,016,031$879,670$664,981$1,759,208
64$2,172,632$873,741$638,225$1,868,257
65$2,343,663$865,977$609,027$1,986,942
66$2,530,546$856,238$577,259$2,116,231
67$2,734,847$844,380$542,783$2,257,195
68$2,958,292$830,245$505,456$2,411,011
69$3,202,780$813,669$465,131$2,578,982
70$3,470,401$794,477$421,651$2,762,542
71$3,763,460$772,484$374,854$2,963,275
72$4,084,492$747,494$324,571$3,182,926
73$4,436,289$719,301$270,623$3,423,422
74$4,821,928$687,684$212,826$3,686,887
75$5,244,796$652,412$150,987$3,975,666
76$5,708,624$613,239$84,904$4,292,343
77$6,217,522$569,905$14,366$4,639,769
78$6,776,015$522,137$0$5,021,090
79$7,389,091$469,643$0$5,443,023
80$8,062,240$412,118$0$5,907,173
81$8,801,514$349,238$0$6,417,005
82$9,613,577$280,659$0$6,977,185
83$10,505,772$206,021$0$7,592,859
84$11,486,186$124,941$0$8,269,700
85$12,563,730$37,016$0$9,013,964
86$13,748,221$0$0$9,832,548
87$15,050,474$0$0$10,752,266
88$16,482,405$0$0$11,777,064
89$18,057,142$0$0$12,904,125
90$19,789,148$0$0$14,143,810
91$21,694,359$0$0$15,507,531
92$23,790,333$0$0$17,007,865
93$26,096,416$0$0$18,658,668
94$28,633,923$0$0$20,475,207
95$31,426,339$0$0$22,474,304
96$34,499,542$0$0$24,674,493
97$37,882,045$0$0$27,096,198
98$41,605,265$0$0$29,761,921
99$45,703,820$0$0$32,696,458
100$50,215,854$0$0$35,927,130