Can I retire at age 51 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$65,320$64,738$64,171$63,616$63,075$61,056
2 years$32,337$31,734$31,151$30,585$30,036$28,020
3 years$21,344$20,739$20,157$19,596$19,056$17,107
4 years$15,848$15,245$14,669$14,118$13,591$11,724
5 years$12,552$11,952$11,384$10,844$10,332$8,551
6 years$10,355$9,760$9,200$8,672$8,175$6,483
7 years$8,786$8,196$7,645$7,130$6,648$5,044
8 years$7,610$7,026$6,484$5,981$5,516$3,998
9 years$6,696$6,117$5,584$5,094$4,645$3,213
10 years$5,965$5,392$4,868$4,391$3,958$2,609
11 years$5,368$4,800$4,286$3,822$3,404$2,135
12 years$4,870$4,308$3,804$3,352$2,950$1,759
13 years$4,449$3,894$3,398$2,960$2,572$1,456
14 years$4,089$3,539$3,054$2,627$2,255$1,211
15 years$3,777$3,233$2,757$2,343$1,985$1,010
16 years$3,504$2,966$2,500$2,098$1,755$845
17 years$3,264$2,732$2,275$1,885$1,556$708
18 years$3,051$2,524$2,076$1,699$1,383$595
19 years$2,860$2,340$1,901$1,535$1,233$500
20 years$2,688$2,174$1,744$1,390$1,101$421
21 years$2,533$2,025$1,605$1,262$986$355
22 years$2,393$1,890$1,479$1,147$883$300
23 years$2,265$1,768$1,365$1,045$793$253
24 years$2,147$1,656$1,263$953$713$214
25 years$2,039$1,554$1,170$870$641$181
26 years$1,940$1,461$1,085$796$578$153
27 years$1,848$1,375$1,007$728$521$130
28 years$1,763$1,296$936$667$470$110
29 years$1,684$1,222$871$612$424$93
30 years$1,610$1,154$812$562$383$79
31 years$1,541$1,091$757$516$347$67
32 years$1,477$1,032$706$474$314$57
33 years$1,417$978$659$436$284$48
34 years$1,360$927$616$401$257$41
35 years$1,307$879$576$369$233$34
36 years$1,256$834$539$340$211$29
37 years$1,209$792$504$313$191$25
38 years$1,164$753$472$289$173$21
39 years$1,122$716$442$266$157$18
40 years$1,081$681$415$246$143$15
41 years$1,043$649$389$227$129$13
42 years$1,007$618$365$209$117$11
43 years$973$588$342$193$106$9
44 years$940$561$321$178$97$8
45 years$909$535$302$165$88$7
46 years$879$510$283$152$80$6
47 years$850$487$266$140$72$5
48 years$823$465$250$130$66$4
49 years$797$444$235$120$60$3
50 years$772$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $791,000, adding $3,555 every year, while hoping to spend $37,190 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: 41/40/19 Blend
50$791,000$791,000$791,000$791,000
51$875,349$833,426$821,165$906,205
52$925,065$834,694$809,105$929,762
53$978,605$834,778$795,393$951,380
54$1,036,321$833,580$779,937$974,007
55$1,098,597$830,997$762,637$997,753
56$1,165,858$826,919$743,389$1,022,745
57$1,238,568$821,231$722,085$1,049,123
58$1,317,239$813,809$698,612$1,077,043
59$1,402,433$804,521$672,851$1,106,681
60$1,494,768$793,230$644,679$1,138,235
61$1,594,924$779,788$613,965$1,171,925
62$1,703,649$764,039$580,575$1,207,995
63$1,821,763$745,819$544,366$1,246,722
64$1,950,172$724,953$505,191$1,288,411
65$2,089,870$701,256$462,896$1,333,403
66$2,241,952$674,533$417,318$1,382,080
67$2,407,622$644,576$368,289$1,434,866
68$2,588,205$611,167$315,633$1,492,233
69$2,785,161$574,073$259,165$1,554,708
70$3,000,094$533,049$198,695$1,622,874
71$3,234,773$487,837$134,020$1,697,383
72$3,491,141$438,163$64,931$1,778,958
73$3,771,342$383,737$0$1,868,402
74$4,077,732$324,254$0$1,968,392
75$4,412,908$259,389$0$2,092,297
76$4,779,728$188,803$0$2,228,088
77$5,181,340$112,134$0$2,377,037
78$5,621,210$29,002$0$2,540,549
79$6,103,155$0$0$2,720,179
80$6,631,379$0$0$2,944,497
81$7,210,511$0$0$3,204,532
82$7,845,650$0$0$3,489,821
83$8,542,414$0$0$3,802,901
84$9,306,987$0$0$4,146,563
85$10,146,184$0$0$4,523,886
86$11,067,510$0$0$4,938,258
87$12,079,234$0$0$5,393,413
88$13,190,463$0$0$5,893,466
89$14,411,230$0$0$6,442,946
90$15,752,589$0$0$7,046,846
91$17,226,717$0$0$7,710,666
92$18,847,027$0$0$8,440,464
93$20,628,299$0$0$9,242,916
94$22,586,815$0$0$10,125,376
95$24,740,514$0$0$11,095,947
96$27,109,161$0$0$12,163,556
97$29,714,531$0$0$13,338,040
98$32,580,616$0$0$14,630,236
99$35,733,851$0$0$16,052,085
100$39,203,361$0$0$17,616,743