Can I retire at age 51 with 806,000?

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 $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%19%
1 years$66,559$65,966$65,387$64,823$64,272$61,942
2 years$32,950$32,336$31,741$31,165$30,606$28,284
3 years$21,748$21,132$20,539$19,968$19,417$17,177
4 years$16,149$15,534$14,947$14,386$13,849$11,706
5 years$12,790$12,179$11,599$11,049$10,528$8,489
6 years$10,551$9,945$9,374$8,836$8,330$6,397
7 years$8,953$8,352$7,790$7,265$6,775$4,946
8 years$7,755$7,159$6,606$6,094$5,620$3,895
9 years$6,823$6,233$5,690$5,191$4,733$3,109
10 years$6,079$5,494$4,961$4,475$4,033$2,507
11 years$5,470$4,891$4,367$3,894$3,468$2,037
12 years$4,963$4,390$3,876$3,416$3,006$1,666
13 years$4,534$3,967$3,463$3,016$2,621$1,369
14 years$4,167$3,606$3,111$2,677$2,297$1,129
15 years$3,849$3,294$2,809$2,387$2,023$935
16 years$3,571$3,023$2,547$2,138$1,788$776
17 years$3,326$2,784$2,318$1,921$1,585$645
18 years$3,108$2,572$2,116$1,731$1,409$537
19 years$2,914$2,384$1,937$1,564$1,256$448
20 years$2,739$2,215$1,778$1,417$1,122$374
21 years$2,581$2,063$1,635$1,286$1,004$313
22 years$2,438$1,926$1,507$1,169$900$262
23 years$2,307$1,801$1,391$1,065$808$219
24 years$2,188$1,688$1,287$971$726$184
25 years$2,078$1,584$1,192$887$654$154
26 years$1,977$1,489$1,105$811$589$129
27 years$1,883$1,401$1,026$742$531$108
28 years$1,796$1,320$954$680$479$91
29 years$1,716$1,245$888$624$432$76
30 years$1,641$1,176$827$572$391$64
31 years$1,571$1,112$771$526$353$54
32 years$1,505$1,052$719$483$320$45
33 years$1,443$996$672$444$289$38
34 years$1,386$944$628$409$262$32
35 years$1,331$896$587$376$237$27
36 years$1,280$850$549$346$215$22
37 years$1,232$807$514$319$195$19
38 years$1,186$767$481$294$177$16
39 years$1,143$730$451$271$160$13
40 years$1,102$694$423$250$145$11
41 years$1,063$661$396$231$132$9
42 years$1,026$629$372$213$120$8
43 years$991$600$349$197$108$7
44 years$958$572$327$182$98$6
45 years$926$545$307$168$89$5
46 years$895$520$289$155$81$4
47 years$866$496$271$143$74$3
48 years$839$474$255$132$67$3
49 years$812$452$240$122$61$2
50 years$787$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 $806,000, adding $4,596 every year, while hoping to spend $33,913 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: 54/41/5 Blend
50$806,000$806,000$806,000$806,000
51$892,953$850,235$837,742$939,982
52$947,951$855,813$829,723$977,832
53$1,007,422$860,528$820,299$1,014,850
54$1,071,787$864,302$809,387$1,054,302
55$1,141,507$867,051$796,900$1,096,421
56$1,217,092$868,688$782,747$1,141,469
57$1,299,100$869,117$766,833$1,189,731
58$1,388,145$868,241$749,059$1,241,527
59$1,484,904$865,953$729,320$1,297,207
60$1,590,120$862,140$707,508$1,357,160
61$1,704,611$856,684$683,509$1,421,817
62$1,829,277$849,458$657,202$1,491,652
63$1,965,110$840,328$628,465$1,567,190
64$2,113,199$829,152$597,167$1,649,014
65$2,274,744$815,779$563,170$1,737,765
66$2,451,066$800,050$526,334$1,834,152
67$2,643,617$781,795$486,509$1,938,962
68$2,853,999$760,836$443,540$2,053,060
69$3,083,973$736,983$397,265$2,177,406
70$3,335,479$710,036$347,514$2,313,060
71$3,610,652$679,782$294,110$2,461,191
72$3,911,844$645,996$236,868$2,623,092
73$4,241,643$608,441$175,594$2,800,194
74$4,602,903$566,867$110,088$2,994,074
75$4,998,762$521,006$40,139$3,206,475
76$5,432,678$470,578$0$3,439,325
77$5,908,462$415,287$0$3,696,591
78$6,430,308$354,819$0$3,981,186
79$7,002,836$288,842$0$4,293,574
80$7,631,137$217,006$0$4,636,633
81$8,320,815$138,942$0$5,013,541
82$9,078,046$54,258$0$5,427,803
83$9,909,633$0$0$5,883,290
84$10,823,070$0$0$6,401,175
85$11,826,610$0$0$6,997,120
86$12,929,348$0$0$7,652,057
87$14,141,303$0$0$8,371,946
88$15,473,512$0$0$9,163,354
89$16,938,135$0$0$10,033,516
90$18,548,569$0$0$10,990,403
91$20,319,573$0$0$12,042,797
92$22,267,410$0$0$13,200,373
93$24,409,996$0$0$14,473,792
94$26,767,072$0$0$15,874,799
95$29,360,389$0$0$17,416,337
96$32,213,911$0$0$19,112,664
97$35,354,043$0$0$20,979,493
98$38,809,880$0$0$23,034,134
99$42,613,478$0$0$25,295,662
100$46,800,160$0$0$27,785,096