Can I retire at age 51 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$66,394$65,802$65,225$64,662$64,112$63,363
2 years$32,868$32,256$31,663$31,088$30,530$29,776
3 years$21,694$21,080$20,488$19,918$19,369$18,634
4 years$16,109$15,496$14,910$14,350$13,814$13,103
5 years$12,758$12,149$11,571$11,022$10,501$9,817
6 years$10,525$9,920$9,351$8,814$8,309$7,652
7 years$8,931$8,331$7,771$7,247$6,758$6,128
8 years$7,736$7,141$6,590$6,079$5,606$5,003
9 years$6,806$6,218$5,676$5,178$4,721$4,145
10 years$6,063$5,481$4,949$4,464$4,023$3,474
11 years$5,456$4,879$4,357$3,885$3,460$2,937
12 years$4,950$4,379$3,866$3,407$2,998$2,501
13 years$4,523$3,958$3,454$3,008$2,614$2,142
14 years$4,156$3,597$3,104$2,670$2,292$1,844
15 years$3,839$3,286$2,802$2,381$2,018$1,593
16 years$3,562$3,015$2,541$2,132$1,783$1,382
17 years$3,318$2,777$2,312$1,916$1,581$1,202
18 years$3,101$2,566$2,110$1,727$1,406$1,048
19 years$2,907$2,378$1,932$1,560$1,253$915
20 years$2,733$2,210$1,773$1,413$1,119$801
21 years$2,575$2,058$1,631$1,282$1,002$702
22 years$2,432$1,921$1,503$1,166$898$617
23 years$2,302$1,797$1,388$1,062$806$542
24 years$2,182$1,684$1,284$969$724$477
25 years$2,073$1,580$1,189$884$652$420
26 years$1,972$1,485$1,103$809$587$370
27 years$1,878$1,398$1,024$740$529$326
28 years$1,792$1,317$952$678$478$288
29 years$1,712$1,242$886$622$431$254
30 years$1,637$1,173$825$571$390$225
31 years$1,567$1,109$769$524$352$199
32 years$1,501$1,049$718$482$319$176
33 years$1,440$994$670$443$288$155
34 years$1,382$942$626$408$261$137
35 years$1,328$893$585$375$237$122
36 years$1,277$848$548$346$214$108
37 years$1,229$805$513$318$194$95
38 years$1,183$765$480$293$176$84
39 years$1,140$728$450$271$160$75
40 years$1,099$692$421$250$145$66
41 years$1,060$659$395$230$131$59
42 years$1,024$628$371$213$119$52
43 years$989$598$348$196$108$46
44 years$955$570$327$181$98$41
45 years$924$544$307$167$89$36
46 years$893$519$288$155$81$32
47 years$864$495$271$143$74$28
48 years$837$473$254$132$67$25
49 years$810$451$239$122$61$22
50 years$785$431$225$113$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $804,000, adding $6,828 every year, while hoping to spend $24,324 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: 56/16/28 Blend
50$804,000$804,000$804,000$804,000
51$893,051$850,439$837,977$935,828
52$958,262$866,230$840,169$981,803
53$1,029,309$881,980$841,619$1,028,771
54$1,106,761$897,660$842,276$1,079,453
55$1,191,247$913,241$842,088$1,134,216
56$1,283,455$928,691$840,999$1,193,464
57$1,384,146$943,975$838,951$1,257,643
58$1,494,155$959,056$835,882$1,327,246
59$1,614,403$973,894$831,729$1,402,815
60$1,745,904$988,446$826,423$1,484,949
61$1,889,773$1,002,667$819,895$1,574,309
62$2,047,238$1,016,506$812,070$1,671,622
63$2,219,654$1,029,912$802,872$1,777,694
64$2,408,509$1,042,829$792,218$1,893,411
65$2,615,445$1,055,195$780,025$2,019,750
66$2,842,268$1,066,947$766,204$2,157,791
67$3,090,968$1,078,017$750,661$2,308,722
68$3,363,738$1,088,330$733,299$2,473,857
69$3,662,991$1,097,810$714,016$2,654,643
70$3,991,387$1,106,374$692,706$2,852,676
71$4,351,854$1,113,932$669,258$3,069,717
72$4,747,620$1,120,391$643,555$3,307,707
73$5,182,237$1,125,651$615,474$3,568,788
74$5,659,622$1,129,605$584,889$3,855,321
75$6,184,088$1,132,139$551,667$4,169,910
76$6,760,385$1,133,134$515,668$4,515,428
77$7,393,748$1,132,462$476,747$4,895,041
78$8,089,945$1,129,987$434,752$5,312,241
79$8,855,327$1,125,564$389,525$5,770,880
80$9,696,895$1,119,041$340,898$6,275,202
81$10,622,360$1,110,256$288,700$6,829,890
82$11,640,219$1,099,037$232,750$7,440,105
83$12,759,832$1,085,200$172,857$8,111,541
84$13,991,513$1,068,554$108,827$8,850,471
85$15,346,627$1,048,892$40,452$9,663,816
86$16,837,693$1,025,998$0$10,559,203
87$18,478,508$999,642$0$11,554,758
88$20,284,272$969,582$0$12,663,567
89$22,271,735$935,558$0$13,883,824
90$24,459,350$897,298$0$15,226,872
91$26,867,453$854,515$0$16,705,210
92$29,518,450$806,903$0$18,332,614
93$32,437,030$754,139$0$20,124,266
94$35,650,397$695,882$0$22,096,896
95$39,188,529$631,772$0$24,268,943
96$43,084,456$561,426$0$26,660,725
97$47,374,577$484,443$0$29,294,638
98$52,098,999$400,395$0$32,195,359
99$57,301,917$308,834$0$35,390,086
100$63,032,030$209,285$0$38,908,792