Can I retire at age 51 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$66,559$65,966$65,387$64,823$64,272$63,867
2 years$32,950$32,336$31,741$31,165$30,606$30,197
3 years$21,748$21,132$20,539$19,968$19,417$19,018
4 years$16,149$15,534$14,947$14,386$13,849$13,461
5 years$12,790$12,179$11,599$11,049$10,528$10,154
6 years$10,551$9,945$9,374$8,836$8,330$7,970
7 years$8,953$8,352$7,790$7,265$6,775$6,428
8 years$7,755$7,159$6,606$6,094$5,620$5,288
9 years$6,823$6,233$5,690$5,191$4,733$4,415
10 years$6,079$5,494$4,961$4,475$4,033$3,728
11 years$5,470$4,891$4,367$3,894$3,468$3,177
12 years$4,963$4,390$3,876$3,416$3,006$2,728
13 years$4,534$3,967$3,463$3,016$2,621$2,356
14 years$4,167$3,606$3,111$2,677$2,297$2,046
15 years$3,849$3,294$2,809$2,387$2,023$1,783
16 years$3,571$3,023$2,547$2,138$1,788$1,560
17 years$3,326$2,784$2,318$1,921$1,585$1,369
18 years$3,108$2,572$2,116$1,731$1,409$1,205
19 years$2,914$2,384$1,937$1,564$1,256$1,063
20 years$2,739$2,215$1,778$1,417$1,122$939
21 years$2,581$2,063$1,635$1,286$1,004$831
22 years$2,438$1,926$1,507$1,169$900$737
23 years$2,307$1,801$1,391$1,065$808$654
24 years$2,188$1,688$1,287$971$726$581
25 years$2,078$1,584$1,192$887$654$517
26 years$1,977$1,489$1,105$811$589$461
27 years$1,883$1,401$1,026$742$531$410
28 years$1,796$1,320$954$680$479$366
29 years$1,716$1,245$888$624$432$327
30 years$1,641$1,176$827$572$391$291
31 years$1,571$1,112$771$526$353$260
32 years$1,505$1,052$719$483$320$233
33 years$1,443$996$672$444$289$208
34 years$1,386$944$628$409$262$186
35 years$1,331$896$587$376$237$166
36 years$1,280$850$549$346$215$149
37 years$1,232$807$514$319$195$133
38 years$1,186$767$481$294$177$119
39 years$1,143$730$451$271$160$107
40 years$1,102$694$423$250$145$96
41 years$1,063$661$396$231$132$86
42 years$1,026$629$372$213$120$77
43 years$991$600$349$197$108$69
44 years$958$572$327$182$98$62
45 years$926$545$307$168$89$55
46 years$895$520$289$155$81$49
47 years$866$496$271$143$74$44
48 years$839$474$255$132$67$40
49 years$812$452$240$122$61$36
50 years$787$432$225$113$55$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $806,000, adding $4,087 every year, while hoping to spend $59,066 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: 42/28/30 Blend
50$806,000$806,000$806,000$806,000
51$892,428$849,710$837,217$921,926
52$920,610$828,500$802,418$922,418
53$949,686$804,271$764,473$917,126
54$979,687$776,813$723,216$910,291
55$1,010,641$745,903$678,470$901,806
56$1,042,580$711,306$630,052$891,559
57$1,075,536$672,772$577,771$879,434
58$1,109,541$630,039$521,427$865,306
59$1,144,631$582,827$460,812$849,045
60$1,180,840$530,842$395,705$830,512
61$1,218,205$473,773$325,881$809,564
62$1,256,764$411,290$251,100$786,047
63$1,296,557$343,046$171,115$759,801
64$1,337,625$268,674$85,666$730,656
65$1,380,009$187,785$0$698,434
66$1,423,753$99,970$0$664,716
67$1,468,904$4,796$0$656,915
68$1,515,507$0$0$647,467
69$1,563,612$0$0$666,508
70$1,613,271$0$0$687,690
71$1,664,534$0$0$709,558
72$1,717,458$0$0$732,137
73$1,772,099$0$0$755,449
74$1,828,517$0$0$779,522
75$1,886,772$0$0$804,381
76$1,946,930$0$0$830,054
77$2,009,056$0$0$856,570
78$2,073,221$0$0$883,959
79$2,139,496$0$0$912,253
80$2,207,959$0$0$941,483
81$2,278,686$0$0$971,685
82$2,351,762$0$0$1,002,893
83$2,427,272$0$0$1,035,146
84$2,505,306$0$0$1,068,482
85$2,585,959$0$0$1,102,942
86$2,669,330$0$0$1,138,570
87$2,755,521$0$0$1,175,411
88$2,844,643$0$0$1,213,512
89$2,936,809$0$0$1,252,922
90$3,032,140$0$0$1,293,695
91$3,130,761$0$0$1,335,885
92$3,232,806$0$0$1,379,551
93$3,338,415$0$0$1,424,754
94$3,447,735$0$0$1,471,560
95$3,560,924$0$0$1,520,036
96$3,678,145$0$0$1,570,255
97$3,799,574$0$0$1,622,295
98$3,925,397$0$0$1,676,237
99$4,055,808$0$0$1,732,168
100$4,191,017$0$0$1,790,180