Can I retire at age 51 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$66,641$66,048$65,469$64,903$64,351$63,416
2 years$32,991$32,376$31,781$31,203$30,643$29,703
3 years$21,775$21,158$20,564$19,992$19,441$18,525
4 years$16,169$15,554$14,966$14,403$13,866$12,981
5 years$12,806$12,194$11,614$11,063$10,541$9,689
6 years$10,564$9,957$9,386$8,847$8,340$7,524
7 years$8,964$8,362$7,800$7,274$6,783$6,002
8 years$7,764$7,168$6,615$6,102$5,627$4,881
9 years$6,832$6,241$5,697$5,197$4,739$4,027
10 years$6,086$5,501$4,967$4,480$4,038$3,360
11 years$5,476$4,897$4,373$3,899$3,473$2,828
12 years$4,969$4,396$3,881$3,420$3,009$2,398
13 years$4,539$3,972$3,467$3,019$2,624$2,045
14 years$4,172$3,611$3,115$2,680$2,300$1,752
15 years$3,854$3,298$2,813$2,390$2,025$1,507
16 years$3,575$3,026$2,550$2,140$1,790$1,300
17 years$3,330$2,787$2,321$1,923$1,587$1,125
18 years$3,112$2,575$2,118$1,733$1,411$976
19 years$2,918$2,387$1,939$1,566$1,258$848
20 years$2,743$2,218$1,780$1,418$1,124$739
21 years$2,585$2,066$1,637$1,287$1,005$644
22 years$2,441$1,929$1,509$1,170$901$563
23 years$2,310$1,804$1,393$1,066$809$492
24 years$2,191$1,690$1,288$972$727$430
25 years$2,081$1,586$1,193$888$654$377
26 years$1,979$1,491$1,107$812$589$330
27 years$1,885$1,403$1,028$743$531$290
28 years$1,799$1,322$955$681$479$254
29 years$1,718$1,247$889$624$433$223
30 years$1,643$1,178$828$573$391$196
31 years$1,572$1,113$772$526$354$172
32 years$1,507$1,053$720$484$320$151
33 years$1,445$998$673$445$290$133
34 years$1,387$945$628$409$262$117
35 years$1,333$897$588$377$237$103
36 years$1,282$851$550$347$215$91
37 years$1,233$808$514$320$195$80
38 years$1,188$768$482$295$177$70
39 years$1,144$731$451$272$160$62
40 years$1,103$695$423$251$145$54
41 years$1,064$662$397$231$132$48
42 years$1,027$630$372$213$120$42
43 years$992$600$349$197$109$37
44 years$959$572$328$182$99$33
45 years$927$546$308$168$90$29
46 years$897$521$289$155$81$25
47 years$868$497$272$143$74$22
48 years$840$474$255$132$67$20
49 years$813$453$240$122$61$17
50 years$788$433$225$113$55$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $807,000, adding $5,998 every year, while hoping to spend $45,433 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: 60/17/23 Blend
50$807,000$807,000$807,000$807,000
51$895,501$852,730$840,221$943,420
52$938,502$846,173$820,028$970,094
53$984,366$837,773$797,636$993,716
54$1,033,337$827,390$772,923$1,018,491
55$1,085,684$814,878$745,762$1,044,540
56$1,141,698$800,082$716,020$1,071,998
57$1,201,703$782,837$683,558$1,101,014
58$1,266,049$762,969$648,230$1,131,757
59$1,335,125$740,293$609,885$1,164,413
60$1,409,355$714,614$568,362$1,199,190
61$1,489,204$685,726$523,498$1,236,321
62$1,575,185$653,408$475,117$1,276,064
63$1,667,860$617,431$423,040$1,318,706
64$1,767,846$577,549$367,076$1,364,566
65$1,875,821$533,504$307,027$1,414,002
66$1,992,530$485,022$242,689$1,467,407
67$2,118,793$431,813$173,844$1,525,220
68$2,255,511$373,572$100,268$1,587,930
69$2,403,672$309,977$21,727$1,656,077
70$2,564,367$240,685$0$1,730,262
71$2,738,790$165,337$0$1,826,389
72$2,928,261$83,552$0$1,936,642
73$3,134,225$0$0$2,056,567
74$3,358,278$0$0$2,188,091
75$3,602,171$0$0$2,348,332
76$3,867,833$0$0$2,522,936
77$4,157,388$0$0$2,713,303
78$4,473,172$0$0$2,920,979
79$4,817,754$0$0$3,147,662
80$5,193,966$0$0$3,395,221
81$5,604,923$0$0$3,665,716
82$6,054,054$0$0$3,961,414
83$6,545,136$0$0$4,284,809
84$7,082,326$0$0$4,638,649
85$7,670,201$0$0$5,025,960
86$8,313,801$0$0$5,450,074
87$9,018,678$0$0$5,914,657
88$9,790,944$0$0$6,423,752
89$10,637,330$0$0$6,981,807
90$11,565,251$0$0$7,593,723
91$12,582,871$0$0$8,264,897
92$13,699,184$0$0$9,001,274
93$14,924,097$0$0$9,809,402
94$16,268,519$0$0$10,696,494
95$17,744,471$0$0$11,670,496
96$19,365,192$0$0$12,740,159
97$21,145,266$0$0$13,915,125
98$23,100,760$0$0$15,206,014
99$25,249,372$0$0$16,624,528
100$27,610,602$0$0$18,183,556