Can I retire at age 51 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$66,476$65,884$65,306$64,742$64,192$61,718
2 years$32,909$32,296$31,702$31,126$30,568$28,105
3 years$21,721$21,106$20,513$19,943$19,393$17,019
4 years$16,129$15,515$14,928$14,368$13,831$11,564
5 years$12,774$12,164$11,585$11,036$10,514$8,359
6 years$10,538$9,933$9,362$8,825$8,320$6,278
7 years$8,942$8,342$7,780$7,256$6,766$4,838
8 years$7,745$7,150$6,598$6,087$5,613$3,796
9 years$6,815$6,226$5,683$5,185$4,727$3,019
10 years$6,071$5,488$4,955$4,469$4,028$2,425
11 years$5,463$4,885$4,362$3,889$3,464$1,963
12 years$4,956$4,385$3,871$3,412$3,002$1,599
13 years$4,528$3,963$3,459$3,012$2,618$1,308
14 years$4,162$3,602$3,108$2,674$2,295$1,075
15 years$3,844$3,290$2,806$2,384$2,020$886
16 years$3,566$3,019$2,544$2,135$1,786$732
17 years$3,322$2,780$2,315$1,918$1,583$606
18 years$3,105$2,569$2,113$1,729$1,408$503
19 years$2,910$2,381$1,934$1,562$1,255$417
20 years$2,736$2,213$1,775$1,415$1,121$347
21 years$2,578$2,061$1,633$1,284$1,003$289
22 years$2,435$1,924$1,505$1,167$899$241
23 years$2,305$1,799$1,390$1,063$807$200
24 years$2,185$1,686$1,285$970$725$167
25 years$2,075$1,582$1,190$886$653$139
26 years$1,974$1,487$1,104$810$588$116
27 years$1,881$1,399$1,025$741$530$97
28 years$1,794$1,319$953$679$478$81
29 years$1,714$1,244$887$623$432$68
30 years$1,639$1,175$826$572$390$57
31 years$1,569$1,110$770$525$353$47
32 years$1,503$1,051$719$482$319$40
33 years$1,442$995$671$444$289$33
34 years$1,384$943$627$408$261$28
35 years$1,330$895$586$376$237$23
36 years$1,279$849$548$346$215$19
37 years$1,230$806$513$319$194$16
38 years$1,185$766$481$294$176$13
39 years$1,141$729$450$271$160$11
40 years$1,101$693$422$250$145$9
41 years$1,062$660$396$231$132$8
42 years$1,025$629$371$213$119$7
43 years$990$599$348$196$108$6
44 years$956$571$327$181$98$5
45 years$925$544$307$168$89$4
46 years$894$519$288$155$81$3
47 years$865$496$271$143$74$3
48 years$838$473$255$132$67$2
49 years$811$452$239$122$61$2
50 years$786$432$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $805,000, adding $5,611 every year, while hoping to spend $47,225 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: 63/11/26 Blend
50$805,000$805,000$805,000$805,000
51$892,898$850,233$837,755$942,671
52$933,726$841,647$815,573$968,456
53$977,137$831,058$791,065$990,911
54$1,023,342$818,317$764,103$1,014,403
55$1,072,576$803,268$734,554$1,039,039
56$1,125,096$785,745$702,278$1,064,942
57$1,181,180$765,571$667,129$1,092,247
58$1,241,136$742,560$628,954$1,121,104
59$1,305,302$716,515$587,594$1,151,682
60$1,374,046$687,228$542,881$1,184,168
61$1,447,773$654,477$494,642$1,218,772
62$1,526,929$618,028$442,695$1,255,725
63$1,611,999$577,636$386,849$1,295,289
64$1,703,521$533,038$326,907$1,337,749
65$1,802,081$483,958$262,659$1,383,429
66$1,908,326$430,104$193,891$1,432,683
67$2,022,965$371,168$120,375$1,485,908
68$2,146,776$306,825$41,877$1,543,545
69$2,280,616$236,728$0$1,606,082
70$2,425,426$160,515$0$1,685,683
71$2,582,241$77,802$0$1,784,483
72$2,752,198$0$0$1,891,593
73$2,936,547$0$0$2,009,262
74$3,136,664$0$0$2,147,267
75$3,354,062$0$0$2,297,240
76$3,590,404$0$0$2,460,335
77$3,847,521$0$0$2,637,822
78$4,127,427$0$0$2,831,099
79$4,432,339$0$0$3,041,703
80$4,764,694$0$0$3,271,327
81$5,127,179$0$0$3,521,832
82$5,522,746$0$0$3,795,269
83$5,954,647$0$0$4,093,893
84$6,426,463$0$0$4,420,191
85$6,942,134$0$0$4,776,895
86$7,505,999$0$0$5,167,017
87$8,122,834$0$0$5,593,872
88$8,797,901$0$0$6,061,111
89$9,536,990$0$0$6,572,753
90$10,346,480$0$0$7,133,225
91$11,233,394$0$0$7,747,401
92$12,205,468$0$0$8,420,652
93$13,271,222$0$0$9,158,888
94$14,440,037$0$0$9,968,624
95$15,722,248$0$0$10,857,032
96$17,129,239$0$0$11,832,013
97$18,673,548$0$0$12,902,271
98$20,368,985$0$0$14,077,391
99$22,230,766$0$0$15,367,936
100$24,275,648$0$0$16,785,537