Can I retire at age 51 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$66,724$66,130$65,550$64,984$64,431$62,925
2 years$33,032$32,416$31,820$31,242$30,681$29,172
3 years$21,802$21,185$20,590$20,017$19,466$18,001
4 years$16,189$15,573$14,984$14,421$13,883$12,474
5 years$12,822$12,209$11,628$11,077$10,554$9,204
6 years$10,577$9,970$9,397$8,858$8,351$7,062
7 years$8,975$8,373$7,809$7,283$6,791$5,564
8 years$7,774$7,177$6,623$6,109$5,634$4,468
9 years$6,840$6,249$5,704$5,204$4,745$3,638
10 years$6,094$5,508$4,973$4,486$4,043$2,995
11 years$5,483$4,903$4,378$3,904$3,477$2,486
12 years$4,975$4,401$3,886$3,424$3,013$2,078
13 years$4,545$3,977$3,472$3,023$2,627$1,746
14 years$4,177$3,615$3,119$2,684$2,303$1,474
15 years$3,858$3,303$2,816$2,393$2,028$1,249
16 years$3,580$3,030$2,553$2,143$1,792$1,061
17 years$3,334$2,791$2,323$1,925$1,589$904
18 years$3,116$2,579$2,121$1,735$1,413$772
19 years$2,921$2,390$1,942$1,568$1,259$660
20 years$2,746$2,221$1,782$1,420$1,125$565
21 years$2,588$2,069$1,639$1,289$1,007$485
22 years$2,444$1,931$1,511$1,172$902$416
23 years$2,313$1,806$1,395$1,067$810$358
24 years$2,193$1,692$1,290$973$728$308
25 years$2,083$1,588$1,195$889$655$265
26 years$1,982$1,492$1,108$813$590$228
27 years$1,888$1,404$1,029$744$532$196
28 years$1,801$1,323$957$682$480$169
29 years$1,720$1,249$890$625$433$146
30 years$1,645$1,179$829$574$392$126
31 years$1,574$1,115$773$527$354$109
32 years$1,509$1,055$721$484$320$94
33 years$1,447$999$673$445$290$81
34 years$1,389$947$629$410$262$70
35 years$1,335$898$588$377$238$60
36 years$1,283$852$550$347$215$52
37 years$1,235$809$515$320$195$45
38 years$1,189$769$482$295$177$39
39 years$1,146$731$452$272$160$34
40 years$1,105$696$424$251$146$29
41 years$1,066$662$397$231$132$25
42 years$1,029$631$373$214$120$22
43 years$994$601$350$197$109$19
44 years$960$573$328$182$99$16
45 years$928$546$308$168$90$14
46 years$898$521$289$155$81$12
47 years$869$497$272$143$74$10
48 years$841$475$255$133$67$9
49 years$814$453$240$123$61$8
50 years$789$433$226$113$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $808,000, adding $6,236 every year, while hoping to spend $46,776 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: 83/10/7 Blend
50$808,000$808,000$808,000$808,000
51$896,848$854,024$841,500$970,186
52$938,558$846,102$819,921$1,011,109
53$982,954$836,224$796,052$1,049,097
54$1,030,261$824,245$769,765$1,089,357
55$1,080,725$810,011$740,930$1,132,089
56$1,134,616$793,359$709,409$1,177,512
57$1,192,229$774,116$675,056$1,225,868
58$1,253,888$752,099$637,722$1,277,422
59$1,319,948$727,115$597,249$1,332,470
60$1,390,799$698,959$553,473$1,391,332
61$1,466,866$667,415$506,220$1,454,365
62$1,548,620$632,252$455,312$1,521,961
63$1,636,576$593,228$400,561$1,594,552
64$1,731,297$550,087$341,771$1,672,614
65$1,833,406$502,557$278,736$1,756,672
66$1,943,583$450,353$211,244$1,847,303
67$2,062,579$393,170$139,071$1,945,146
68$2,191,215$330,689$61,983$2,050,903
69$2,330,397$262,571$0$2,165,349
70$2,481,120$188,459$0$2,290,852
71$2,644,477$107,976$0$2,431,879
72$2,821,670$20,724$0$2,584,853
73$3,014,022$0$0$2,750,939
74$3,222,987$0$0$2,939,534
75$3,450,164$0$0$3,147,059
76$3,697,314$0$0$3,372,844
77$3,966,373$0$0$3,618,660
78$4,259,472$0$0$3,886,456
79$4,578,956$0$0$4,178,376
80$4,927,406$0$0$4,496,779
81$5,307,661$0$0$4,844,264
82$5,722,848$0$0$5,223,691
83$6,176,410$0$0$5,638,206
84$6,672,134$0$0$6,091,276
85$7,214,193$0$0$6,586,714
86$7,807,179$0$0$7,128,723
87$8,456,149$0$0$7,721,926
88$9,166,673$0$0$8,371,417
89$9,944,882$0$0$9,082,805
90$10,797,529$0$0$9,862,266
91$11,732,052$0$0$10,716,602
92$12,756,641$0$0$11,653,304
93$13,880,318$0$0$12,680,624
94$15,113,019$0$0$13,807,648
95$16,465,687$0$0$15,044,388
96$17,950,379$0$0$16,401,868
97$19,580,372$0$0$17,892,235
98$21,370,296$0$0$19,528,866
99$23,336,262$0$0$21,326,499
100$25,496,022$0$0$23,301,371