Can I retire at age 51 with 805,000?

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 $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%13.3%
1 years$66,476$65,884$65,306$64,742$64,192$63,311
2 years$32,909$32,296$31,702$31,126$30,568$29,682
3 years$21,721$21,106$20,513$19,943$19,393$18,530
4 years$16,129$15,515$14,928$14,368$13,831$12,997
5 years$12,774$12,164$11,585$11,036$10,514$9,712
6 years$10,538$9,933$9,362$8,825$8,320$7,550
7 years$8,942$8,342$7,780$7,256$6,766$6,029
8 years$7,745$7,150$6,598$6,087$5,613$4,909
9 years$6,815$6,226$5,683$5,185$4,727$4,055
10 years$6,071$5,488$4,955$4,469$4,028$3,387
11 years$5,463$4,885$4,362$3,889$3,464$2,855
12 years$4,956$4,385$3,871$3,412$3,002$2,423
13 years$4,528$3,963$3,459$3,012$2,618$2,069
14 years$4,162$3,602$3,108$2,674$2,295$1,775
15 years$3,844$3,290$2,806$2,384$2,020$1,529
16 years$3,566$3,019$2,544$2,135$1,786$1,321
17 years$3,322$2,780$2,315$1,918$1,583$1,145
18 years$3,105$2,569$2,113$1,729$1,408$995
19 years$2,910$2,381$1,934$1,562$1,255$866
20 years$2,736$2,213$1,775$1,415$1,121$755
21 years$2,578$2,061$1,633$1,284$1,003$660
22 years$2,435$1,924$1,505$1,167$899$577
23 years$2,305$1,799$1,390$1,063$807$505
24 years$2,185$1,686$1,285$970$725$443
25 years$2,075$1,582$1,190$886$653$388
26 years$1,974$1,487$1,104$810$588$341
27 years$1,881$1,399$1,025$741$530$299
28 years$1,794$1,319$953$679$478$263
29 years$1,714$1,244$887$623$432$231
30 years$1,639$1,175$826$572$390$204
31 years$1,569$1,110$770$525$353$179
32 years$1,503$1,051$719$482$319$158
33 years$1,442$995$671$444$289$139
34 years$1,384$943$627$408$261$122
35 years$1,330$895$586$376$237$108
36 years$1,279$849$548$346$215$95
37 years$1,230$806$513$319$194$84
38 years$1,185$766$481$294$176$74
39 years$1,141$729$450$271$160$65
40 years$1,101$693$422$250$145$57
41 years$1,062$660$396$231$132$51
42 years$1,025$629$371$213$119$45
43 years$990$599$348$196$108$39
44 years$956$571$327$181$98$35
45 years$925$544$307$168$89$31
46 years$894$519$288$155$81$27
47 years$865$496$271$143$74$24
48 years$838$473$255$132$67$21
49 years$811$452$239$122$61$19
50 years$786$432$225$113$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $805,000, adding $4,198 every year, while hoping to spend $56,018 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: 42/42/16 Blend
50$805,000$805,000$805,000$805,000
51$891,440$848,775$836,298$924,540
52$922,764$830,763$804,711$930,276
53$955,406$809,990$770,189$930,652
54$989,441$786,262$732,573$929,864
55$1,024,949$759,375$691,700$927,832
56$1,062,019$729,109$647,397$924,470
57$1,100,745$695,235$599,484$919,693
58$1,141,228$657,509$547,774$913,409
59$1,183,578$615,672$492,070$905,522
60$1,227,916$569,453$432,167$895,935
61$1,274,371$518,563$367,852$884,545
62$1,323,081$462,697$298,899$871,246
63$1,374,200$401,534$225,077$855,927
64$1,427,892$334,733$146,141$838,476
65$1,484,337$261,934$61,836$818,774
66$1,543,729$182,759$0$796,701
67$1,606,281$96,806$0$776,936
68$1,672,224$3,652$0$766,126
69$1,741,809$0$0$753,623
70$1,815,311$0$0$784,246
71$1,893,029$0$0$818,455
72$1,975,289$0$0$854,710
73$2,062,449$0$0$893,176
74$2,154,899$0$0$934,031
75$2,253,063$0$0$977,470
76$2,357,409$0$0$1,023,708
77$2,468,446$0$0$1,072,977
78$2,586,733$0$0$1,125,535
79$2,712,879$0$0$1,181,662
80$2,847,555$0$0$1,241,665
81$2,991,493$0$0$1,305,882
82$3,145,498$0$0$1,374,683
83$3,310,451$0$0$1,448,472
84$3,487,318$0$0$1,527,696
85$3,677,162$0$0$1,612,842
86$3,881,144$0$0$1,704,447
87$4,100,543$0$0$1,803,099
88$4,336,762$0$0$1,909,444
89$4,591,341$0$0$2,024,193
90$4,865,972$0$0$2,148,127
91$5,162,515$0$0$2,282,101
92$5,483,012$0$0$2,427,059
93$5,829,708$0$0$2,584,037
94$6,205,071$0$0$2,754,173
95$6,611,814$0$0$2,938,720
96$7,052,920$0$0$3,139,055
97$7,531,670$0$0$3,356,692
98$8,051,673$0$0$3,593,298
99$8,616,896$0$0$3,850,706
100$9,231,707$0$0$4,130,932