Can I retire at age 51 with 808,000?

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 $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%12.4%
1 years$66,724$66,130$65,550$64,984$64,431$63,785
2 years$33,032$32,416$31,820$31,242$30,681$30,030
3 years$21,802$21,185$20,590$20,017$19,466$18,830
4 years$16,189$15,573$14,984$14,421$13,883$13,268
5 years$12,822$12,209$11,628$11,077$10,554$9,961
6 years$10,577$9,970$9,397$8,858$8,351$7,781
7 years$8,975$8,373$7,809$7,283$6,791$6,245
8 years$7,774$7,177$6,623$6,109$5,634$5,111
9 years$6,840$6,249$5,704$5,204$4,745$4,244
10 years$6,094$5,508$4,973$4,486$4,043$3,565
11 years$5,483$4,903$4,378$3,904$3,477$3,022
12 years$4,975$4,401$3,886$3,424$3,013$2,579
13 years$4,545$3,977$3,472$3,023$2,627$2,215
14 years$4,177$3,615$3,119$2,684$2,303$1,912
15 years$3,858$3,303$2,816$2,393$2,028$1,657
16 years$3,580$3,030$2,553$2,143$1,792$1,441
17 years$3,334$2,791$2,323$1,925$1,589$1,256
18 years$3,116$2,579$2,121$1,735$1,413$1,099
19 years$2,921$2,390$1,942$1,568$1,259$963
20 years$2,746$2,221$1,782$1,420$1,125$845
21 years$2,588$2,069$1,639$1,289$1,007$743
22 years$2,444$1,931$1,511$1,172$902$654
23 years$2,313$1,806$1,395$1,067$810$577
24 years$2,193$1,692$1,290$973$728$509
25 years$2,083$1,588$1,195$889$655$450
26 years$1,982$1,492$1,108$813$590$398
27 years$1,888$1,404$1,029$744$532$352
28 years$1,801$1,323$957$682$480$311
29 years$1,720$1,249$890$625$433$276
30 years$1,645$1,179$829$574$392$245
31 years$1,574$1,115$773$527$354$217
32 years$1,509$1,055$721$484$320$192
33 years$1,447$999$673$445$290$171
34 years$1,389$947$629$410$262$151
35 years$1,335$898$588$377$238$134
36 years$1,283$852$550$347$215$119
37 years$1,235$809$515$320$195$106
38 years$1,189$769$482$295$177$94
39 years$1,146$731$452$272$160$84
40 years$1,105$696$424$251$146$74
41 years$1,066$662$397$231$132$66
42 years$1,029$631$373$214$120$59
43 years$994$601$350$197$109$52
44 years$960$573$328$182$99$46
45 years$928$546$308$168$90$41
46 years$898$521$289$155$81$37
47 years$869$497$272$143$74$33
48 years$841$475$255$133$67$29
49 years$814$453$240$123$61$26
50 years$789$433$226$113$55$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $808,000, adding $2,732 every year, while hoping to spend $52,356 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: 50/24/26 Blend
50$808,000$808,000$808,000$808,000
51$893,234$850,410$837,886$931,218
52$928,638$836,374$810,249$943,948
53$965,897$819,895$779,931$952,308
54$1,005,148$800,799$746,788$960,351
55$1,046,535$778,900$710,667$968,069
56$1,090,217$754,002$671,410$975,459
57$1,136,369$725,897$628,852$982,519
58$1,185,179$694,366$582,819$989,252
59$1,236,854$659,177$533,130$995,665
60$1,291,619$620,083$479,596$1,001,769
61$1,349,722$576,825$422,020$1,007,583
62$1,411,432$529,127$360,196$1,013,129
63$1,477,043$476,699$293,907$1,018,440
64$1,546,878$419,235$222,930$1,023,556
65$1,621,290$356,408$147,029$1,028,527
66$1,700,667$287,877$65,959$1,033,413
67$1,785,431$213,279$0$1,038,289
68$1,876,046$132,231$0$1,048,945
69$1,973,023$44,330$0$1,079,680
70$2,076,918$0$0$1,112,377
71$2,188,343$0$0$1,160,688
72$2,307,971$0$0$1,225,183
73$2,436,538$0$0$1,294,558
74$2,574,853$0$0$1,369,259
75$2,723,804$0$0$1,449,772
76$2,884,368$0$0$1,536,635
77$3,057,615$0$0$1,630,436
78$3,244,723$0$0$1,731,821
79$3,446,986$0$0$1,841,504
80$3,665,826$0$0$1,960,264
81$3,902,806$0$0$2,088,963
82$4,159,644$0$0$2,228,544
83$4,438,231$0$0$2,380,047
84$4,740,644$0$0$2,544,616
85$5,069,169$0$0$2,723,508
86$5,426,320$0$0$2,918,106
87$5,814,864$0$0$3,129,932
88$6,237,844$0$0$3,360,661
89$6,698,608$0$0$3,612,136
90$7,200,843$0$0$3,886,385
91$7,748,602$0$0$4,185,640
92$8,346,352$0$0$4,512,359
93$8,999,005$0$0$4,869,246
94$9,711,970$0$0$5,259,280
95$10,491,202$0$0$5,685,739
96$11,343,257$0$0$6,152,231
97$12,275,353$0$0$6,662,732
98$13,295,438$0$0$7,221,618
99$14,412,264$0$0$7,833,708
100$15,635,468$0$0$8,504,309