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%14.5%
1 years$66,724$66,130$65,550$64,984$64,431$63,234
2 years$33,032$32,416$31,820$31,242$30,681$29,480
3 years$21,802$21,185$20,590$20,017$19,466$18,297
4 years$16,189$15,573$14,984$14,421$13,883$12,756
5 years$12,822$12,209$11,628$11,077$10,554$9,472
6 years$10,577$9,970$9,397$8,858$8,351$7,315
7 years$8,975$8,373$7,809$7,283$6,791$5,803
8 years$7,774$7,177$6,623$6,109$5,634$4,692
9 years$6,840$6,249$5,704$5,204$4,745$3,848
10 years$6,094$5,508$4,973$4,486$4,043$3,191
11 years$5,483$4,903$4,378$3,904$3,477$2,670
12 years$4,975$4,401$3,886$3,424$3,013$2,249
13 years$4,545$3,977$3,472$3,023$2,627$1,905
14 years$4,177$3,615$3,119$2,684$2,303$1,621
15 years$3,858$3,303$2,816$2,393$2,028$1,385
16 years$3,580$3,030$2,553$2,143$1,792$1,187
17 years$3,334$2,791$2,323$1,925$1,589$1,020
18 years$3,116$2,579$2,121$1,735$1,413$878
19 years$2,921$2,390$1,942$1,568$1,259$758
20 years$2,746$2,221$1,782$1,420$1,125$655
21 years$2,588$2,069$1,639$1,289$1,007$567
22 years$2,444$1,931$1,511$1,172$902$491
23 years$2,313$1,806$1,395$1,067$810$426
24 years$2,193$1,692$1,290$973$728$370
25 years$2,083$1,588$1,195$889$655$321
26 years$1,982$1,492$1,108$813$590$280
27 years$1,888$1,404$1,029$744$532$243
28 years$1,801$1,323$957$682$480$212
29 years$1,720$1,249$890$625$433$184
30 years$1,645$1,179$829$574$392$161
31 years$1,574$1,115$773$527$354$140
32 years$1,509$1,055$721$484$320$122
33 years$1,447$999$673$445$290$106
34 years$1,389$947$629$410$262$93
35 years$1,335$898$588$377$238$81
36 years$1,283$852$550$347$215$71
37 years$1,235$809$515$320$195$62
38 years$1,189$769$482$295$177$54
39 years$1,146$731$452$272$160$47
40 years$1,105$696$424$251$146$41
41 years$1,066$662$397$231$132$36
42 years$1,029$631$373$214$120$31
43 years$994$601$350$197$109$27
44 years$960$573$328$182$99$24
45 years$928$546$308$168$90$21
46 years$898$521$289$155$81$18
47 years$869$497$272$143$74$16
48 years$841$475$255$133$67$14
49 years$814$453$240$123$61$12
50 years$789$433$226$113$55$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $808,000, adding $4,785 every year, while hoping to spend $30,077 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: 62/13/25 Blend
50$808,000$808,000$808,000$808,000
51$895,352$852,528$840,004$944,650
52$954,676$862,300$836,142$988,398
53$1,019,043$871,543$831,143$1,032,424
54$1,088,936$880,199$824,937$1,079,836
55$1,164,885$888,207$817,450$1,130,969
56$1,247,475$895,500$808,606$1,186,193
57$1,337,348$902,010$798,325$1,245,918
58$1,435,211$907,662$786,522$1,310,595
59$1,541,841$912,376$773,109$1,380,721
60$1,658,095$916,069$757,995$1,456,847
61$1,784,916$918,651$741,083$1,539,579
62$1,923,339$920,027$722,271$1,629,586
63$2,074,507$920,096$701,454$1,727,608
64$2,239,676$918,750$678,522$1,834,460
65$2,420,230$915,875$653,360$1,951,043
66$2,617,692$911,351$625,846$2,078,348
67$2,833,738$905,050$595,854$2,217,473
68$3,070,217$896,834$563,252$2,369,625
69$3,329,160$886,560$527,902$2,536,140
70$3,612,808$874,075$489,660$2,718,489
71$3,923,625$859,216$448,375$2,918,297
72$4,264,330$841,812$403,890$3,137,354
73$4,637,911$821,681$356,040$3,377,638
74$5,047,665$798,630$304,654$3,641,328
75$5,497,219$772,455$249,552$3,930,831
76$5,990,570$742,940$190,547$4,248,798
77$6,532,121$709,857$127,443$4,598,157
78$7,126,722$672,964$60,037$4,982,135
79$7,779,714$632,006$0$5,404,293
80$8,496,982$586,712$0$5,871,731
81$9,285,009$536,796$0$6,402,902
82$10,150,937$481,956$0$6,986,613
83$11,102,634$421,873$0$7,628,196
84$12,148,767$356,209$0$8,333,526
85$13,298,887$284,609$0$9,109,079
86$14,563,513$206,695$0$9,961,991
87$15,954,238$122,069$0$10,900,127
88$17,483,832$30,312$0$11,932,156
89$19,166,365$0$0$13,067,629
90$21,017,342$0$0$14,326,948
91$23,053,842$0$0$15,717,329
92$25,294,686$0$0$17,247,293
93$27,760,611$0$0$18,931,007
94$30,474,465$0$0$20,784,082
95$33,461,424$0$0$22,823,717
96$36,749,227$0$0$25,068,864
97$40,368,441$0$0$27,540,405
98$44,352,744$0$0$30,261,352
99$48,739,248$0$0$33,257,057
100$53,568,844$0$0$36,555,459