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%15.9%
1 years$66,476$65,884$65,306$64,742$64,192$62,640
2 years$32,909$32,296$31,702$31,126$30,568$29,013
3 years$21,721$21,106$20,513$19,943$19,393$17,885
4 years$16,129$15,515$14,928$14,368$13,831$12,382
5 years$12,774$12,164$11,585$11,036$10,514$9,126
6 years$10,538$9,933$9,362$8,825$8,320$6,995
7 years$8,942$8,342$7,780$7,256$6,766$5,505
8 years$7,745$7,150$6,598$6,087$5,613$4,415
9 years$6,815$6,226$5,683$5,185$4,727$3,591
10 years$6,071$5,488$4,955$4,469$4,028$2,952
11 years$5,463$4,885$4,362$3,889$3,464$2,448
12 years$4,956$4,385$3,871$3,412$3,002$2,043
13 years$4,528$3,963$3,459$3,012$2,618$1,715
14 years$4,162$3,602$3,108$2,674$2,295$1,445
15 years$3,844$3,290$2,806$2,384$2,020$1,223
16 years$3,566$3,019$2,544$2,135$1,786$1,037
17 years$3,322$2,780$2,315$1,918$1,583$882
18 years$3,105$2,569$2,113$1,729$1,408$752
19 years$2,910$2,381$1,934$1,562$1,255$642
20 years$2,736$2,213$1,775$1,415$1,121$549
21 years$2,578$2,061$1,633$1,284$1,003$470
22 years$2,435$1,924$1,505$1,167$899$403
23 years$2,305$1,799$1,390$1,063$807$346
24 years$2,185$1,686$1,285$970$725$297
25 years$2,075$1,582$1,190$886$653$255
26 years$1,974$1,487$1,104$810$588$220
27 years$1,881$1,399$1,025$741$530$189
28 years$1,794$1,319$953$679$478$163
29 years$1,714$1,244$887$623$432$140
30 years$1,639$1,175$826$572$390$120
31 years$1,569$1,110$770$525$353$104
32 years$1,503$1,051$719$482$319$89
33 years$1,442$995$671$444$289$77
34 years$1,384$943$627$408$261$66
35 years$1,330$895$586$376$237$57
36 years$1,279$849$548$346$215$49
37 years$1,230$806$513$319$194$43
38 years$1,185$766$481$294$176$37
39 years$1,141$729$450$271$160$32
40 years$1,101$693$422$250$145$27
41 years$1,062$660$396$231$132$24
42 years$1,025$629$371$213$119$20
43 years$990$599$348$196$108$18
44 years$956$571$327$181$98$15
45 years$925$544$307$168$89$13
46 years$894$519$288$155$81$11
47 years$865$496$271$143$74$10
48 years$838$473$255$132$67$8
49 years$811$452$239$122$61$7
50 years$786$432$225$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $805,000, adding $3,293 every year, while hoping to spend $59,272 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: 38/50/12 Blend
50$805,000$805,000$805,000$805,000
51$890,507$847,842$835,364$920,975
52$918,273$826,321$800,284$921,436
53$946,886$801,759$762,042$915,926
54$976,368$773,945$720,470$908,665
55$1,006,743$742,654$675,391$899,524
56$1,038,036$707,649$626,622$888,367
57$1,070,272$668,681$573,971$875,049
58$1,103,477$625,483$517,235$859,416
59$1,137,675$577,775$456,207$841,307
60$1,172,894$525,262$390,665$820,549
61$1,209,159$467,630$320,382$796,962
62$1,246,497$404,547$245,119$770,353
63$1,284,934$335,665$164,625$740,520
64$1,324,498$260,613$78,640$707,247
65$1,365,215$179,001$0$670,308
66$1,407,112$90,417$0$631,142
67$1,450,216$0$0$598,671
68$1,494,553$0$0$565,651
69$1,540,150$0$0$582,849
70$1,587,032$0$0$600,525
71$1,635,224$0$0$618,688
72$1,684,751$0$0$637,346
73$1,735,635$0$0$656,508
74$1,787,900$0$0$676,179
75$1,841,565$0$0$696,368
76$1,896,650$0$0$717,079
77$1,953,172$0$0$738,317
78$2,011,146$0$0$760,087
79$2,070,583$0$0$782,391
80$2,131,494$0$0$805,231
81$2,193,883$0$0$828,605
82$2,257,753$0$0$852,513
83$2,323,101$0$0$876,950
84$2,389,919$0$0$901,911
85$2,458,192$0$0$927,386
86$2,527,901$0$0$953,364
87$2,599,018$0$0$979,831
88$2,671,508$0$0$1,006,767
89$2,745,323$0$0$1,034,152
90$2,820,410$0$0$1,061,958
91$2,896,700$0$0$1,090,153
92$2,974,113$0$0$1,118,700
93$3,052,553$0$0$1,147,555
94$3,131,909$0$0$1,176,668
95$3,212,052$0$0$1,205,981
96$3,292,831$0$0$1,235,426
97$3,374,073$0$0$1,264,928
98$3,455,581$0$0$1,294,398
99$3,537,130$0$0$1,323,739
100$3,618,462$0$0$1,352,837