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%15%
1 years$66,559$65,966$65,387$64,823$64,272$62,948
2 years$32,950$32,336$31,741$31,165$30,606$29,278
3 years$21,748$21,132$20,539$19,968$19,417$18,128
4 years$16,149$15,534$14,947$14,386$13,849$12,606
5 years$12,790$12,179$11,599$11,049$10,528$9,336
6 years$10,551$9,945$9,374$8,836$8,330$7,191
7 years$8,953$8,352$7,790$7,265$6,775$5,688
8 years$7,755$7,159$6,606$6,094$5,620$4,586
9 years$6,823$6,233$5,690$5,191$4,733$3,750
10 years$6,079$5,494$4,961$4,475$4,033$3,100
11 years$5,470$4,891$4,367$3,894$3,468$2,585
12 years$4,963$4,390$3,876$3,416$3,006$2,171
13 years$4,534$3,967$3,463$3,016$2,621$1,832
14 years$4,167$3,606$3,111$2,677$2,297$1,554
15 years$3,849$3,294$2,809$2,387$2,023$1,323
16 years$3,571$3,023$2,547$2,138$1,788$1,130
17 years$3,326$2,784$2,318$1,921$1,585$967
18 years$3,108$2,572$2,116$1,731$1,409$830
19 years$2,914$2,384$1,937$1,564$1,256$714
20 years$2,739$2,215$1,778$1,417$1,122$614
21 years$2,581$2,063$1,635$1,286$1,004$530
22 years$2,438$1,926$1,507$1,169$900$457
23 years$2,307$1,801$1,391$1,065$808$395
24 years$2,188$1,688$1,287$971$726$342
25 years$2,078$1,584$1,192$887$654$296
26 years$1,977$1,489$1,105$811$589$256
27 years$1,883$1,401$1,026$742$531$222
28 years$1,796$1,320$954$680$479$192
29 years$1,716$1,245$888$624$432$167
30 years$1,641$1,176$827$572$391$145
31 years$1,571$1,112$771$526$353$126
32 years$1,505$1,052$719$483$320$109
33 years$1,443$996$672$444$289$95
34 years$1,386$944$628$409$262$82
35 years$1,331$896$587$376$237$71
36 years$1,280$850$549$346$215$62
37 years$1,232$807$514$319$195$54
38 years$1,186$767$481$294$177$47
39 years$1,143$730$451$271$160$41
40 years$1,102$694$423$250$145$35
41 years$1,063$661$396$231$132$31
42 years$1,026$629$372$213$120$27
43 years$991$600$349$197$108$23
44 years$958$572$327$182$98$20
45 years$926$545$307$168$89$18
46 years$895$520$289$155$81$15
47 years$866$496$271$143$74$13
48 years$839$474$255$132$67$12
49 years$812$452$240$122$61$10
50 years$787$432$225$113$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $806,000, adding $5,379 every year, while hoping to spend $29,796 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: 80/14/6 Blend
50$806,000$806,000$806,000$806,000
51$893,760$851,042$838,549$964,420
52$953,221$861,041$834,938$1,021,455
53$1,017,749$870,530$830,207$1,079,533
54$1,087,827$879,455$824,288$1,142,351
55$1,163,992$887,754$817,107$1,210,367
56$1,246,829$895,364$808,590$1,284,085
57$1,336,985$902,217$798,658$1,364,060
58$1,435,171$908,239$787,226$1,450,901
59$1,542,169$913,353$774,209$1,545,283
60$1,658,840$917,477$759,514$1,647,947
61$1,786,131$920,523$743,048$1,759,709
62$1,925,086$922,398$724,710$1,881,470
63$2,076,853$923,003$704,395$2,014,219
64$2,242,695$922,234$681,996$2,159,051
65$2,424,004$919,978$657,397$2,317,168
66$2,622,312$916,116$630,480$2,489,895
67$2,839,307$910,524$601,119$2,678,695
68$3,076,844$903,068$569,184$2,885,176
69$3,336,970$893,606$534,540$3,111,114
70$3,621,936$881,989$497,043$3,358,462
71$3,934,224$868,057$456,544$3,629,376
72$4,276,566$851,642$412,889$3,926,229
73$4,651,969$832,566$365,914$4,251,638
74$5,063,748$810,639$315,450$4,608,486
75$5,515,552$785,663$261,320$4,999,951
76$6,011,403$757,425$203,339$5,429,535
77$6,555,728$725,701$141,313$5,901,097
78$7,153,406$690,254$75,040$6,418,891
79$7,809,811$650,834$4,311$6,987,604
80$8,530,861$607,174$0$7,612,403
81$9,323,079$558,996$0$8,303,539
82$10,193,649$506,002$0$9,063,320
83$11,150,484$447,879$0$9,898,402
84$12,202,305$384,297$0$10,816,424
85$13,358,717$314,904$0$11,825,802
86$14,630,304$239,333$0$12,935,814
87$16,028,727$157,192$0$14,156,682
88$17,566,832$68,069$0$15,499,671
89$19,258,773$0$0$16,977,196
90$21,120,147$0$0$18,607,323
91$23,168,135$0$0$20,412,446
92$25,421,671$0$0$22,398,767
93$27,901,615$0$0$24,584,676
94$30,630,951$0$0$26,990,437
95$33,635,006$0$0$29,638,377
96$36,941,685$0$0$32,553,097
97$40,581,736$0$0$35,761,703
98$44,589,040$0$0$39,294,065
99$49,000,931$0$0$43,183,095
100$53,858,544$0$0$47,465,059