Can I retire at age 51 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$66,806$66,211$65,631$65,064$64,511$62,647
2 years$33,073$32,457$31,860$31,281$30,719$28,856
3 years$21,829$21,211$20,615$20,042$19,490$17,686
4 years$16,209$15,592$15,003$14,439$13,900$12,169
5 years$12,837$12,224$11,643$11,091$10,567$8,914
6 years$10,591$9,982$9,409$8,869$8,361$6,787
7 years$8,986$8,383$7,819$7,292$6,800$5,305
8 years$7,784$7,186$6,631$6,117$5,641$4,225
9 years$6,849$6,257$5,711$5,210$4,751$3,412
10 years$6,101$5,515$4,979$4,491$4,048$2,784
11 years$5,490$4,910$4,384$3,909$3,481$2,290
12 years$4,981$4,407$3,890$3,429$3,017$1,897
13 years$4,551$3,982$3,476$3,027$2,631$1,579
14 years$4,182$3,620$3,123$2,687$2,306$1,320
15 years$3,863$3,307$2,820$2,396$2,030$1,107
16 years$3,584$3,034$2,556$2,146$1,794$932
17 years$3,338$2,794$2,326$1,928$1,591$786
18 years$3,120$2,582$2,124$1,737$1,415$664
19 years$2,925$2,393$1,944$1,570$1,261$562
20 years$2,750$2,223$1,784$1,422$1,126$476
21 years$2,591$2,071$1,641$1,290$1,008$404
22 years$2,447$1,933$1,512$1,173$903$343
23 years$2,316$1,808$1,397$1,068$811$292
24 years$2,196$1,694$1,292$975$729$248
25 years$2,086$1,590$1,196$890$656$211
26 years$1,984$1,494$1,109$814$591$180
27 years$1,890$1,406$1,030$745$533$153
28 years$1,803$1,325$958$682$481$130
29 years$1,722$1,250$891$626$434$111
30 years$1,647$1,181$830$574$392$95
31 years$1,576$1,116$774$527$355$81
32 years$1,511$1,056$722$485$321$69
33 years$1,449$1,000$674$446$290$59
34 years$1,391$948$630$410$263$50
35 years$1,336$899$589$378$238$43
36 years$1,285$853$551$348$216$37
37 years$1,236$810$516$320$195$31
38 years$1,191$770$483$295$177$27
39 years$1,147$732$452$272$161$23
40 years$1,106$697$424$251$146$19
41 years$1,067$663$398$232$132$17
42 years$1,030$632$373$214$120$14
43 years$995$602$350$197$109$12
44 years$961$574$329$182$99$10
45 years$929$547$308$168$90$9
46 years$899$522$290$155$81$8
47 years$870$498$272$144$74$6
48 years$842$475$256$133$67$5
49 years$815$454$240$123$61$5
50 years$790$434$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $809,000, adding $5,267 every year, while hoping to spend $48,649 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: 46/36/18 Blend
50$809,000$809,000$809,000$809,000
51$896,951$854,074$841,534$933,382
52$936,678$844,161$817,964$949,429
53$978,826$832,133$791,973$961,533
54$1,023,592$817,833$763,429$973,634
55$1,071,189$801,097$732,195$985,754
56$1,121,851$781,752$698,124$997,918
57$1,175,835$759,613$661,067$1,010,160
58$1,233,422$734,485$620,864$1,022,518
59$1,294,918$706,162$577,350$1,035,039
60$1,360,661$674,426$530,353$1,047,781
61$1,431,020$639,044$479,691$1,060,809
62$1,506,401$599,774$425,177$1,074,201
63$1,587,247$556,355$366,613$1,088,050
64$1,674,045$508,516$303,794$1,102,459
65$1,767,331$455,967$236,505$1,117,553
66$1,867,693$398,403$164,522$1,133,471
67$1,975,774$335,502$87,610$1,150,375
68$2,092,283$266,921$5,525$1,168,450
69$2,217,998$192,303$0$1,187,907
70$2,353,774$111,265$0$1,224,750
71$2,500,549$23,407$0$1,265,646
72$2,659,355$0$0$1,309,894
73$2,831,329$0$0$1,386,304
74$3,017,716$0$0$1,479,245
75$3,219,888$0$0$1,580,140
76$3,439,355$0$0$1,689,751
77$3,677,776$0$0$1,808,919
78$3,936,974$0$0$1,938,566
79$4,218,959$0$0$2,079,709
80$4,525,940$0$0$2,233,466
81$4,860,347$0$0$2,401,068
82$5,224,855$0$0$2,583,868
83$5,622,409$0$0$2,783,358
84$6,056,249$0$0$3,001,177
85$6,529,942$0$0$3,239,133
86$7,047,414$0$0$3,499,212
87$7,612,988$0$0$3,783,605
88$8,231,422$0$0$4,094,721
89$8,907,957$0$0$4,435,215
90$9,648,362$0$0$4,808,008
91$10,458,990$0$0$5,216,319
92$11,346,837$0$0$5,663,692
93$12,319,606$0$0$6,154,028
94$13,385,782$0$0$6,691,627
95$14,554,710$0$0$7,281,222
96$15,836,682$0$0$7,928,028
97$17,243,032$0$0$8,637,789
98$18,786,247$0$0$9,416,829
99$20,480,079$0$0$10,272,118
100$22,339,678$0$0$11,211,332