Can I retire at age 51 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$65,403$64,820$64,252$63,697$63,155$62,600
2 years$32,378$31,775$31,190$30,624$30,074$29,514
3 years$21,371$20,765$20,182$19,621$19,080$18,534
4 years$15,868$15,264$14,687$14,136$13,608$13,079
5 years$12,568$11,968$11,398$10,858$10,345$9,834
6 years$10,368$9,772$9,211$8,683$8,185$7,694
7 years$8,797$8,207$7,655$7,139$6,657$6,186
8 years$7,620$7,035$6,492$5,988$5,523$5,071
9 years$6,705$6,125$5,591$5,101$4,651$4,219
10 years$5,973$5,399$4,875$4,397$3,963$3,550
11 years$5,375$4,806$4,292$3,827$3,408$3,014
12 years$4,876$4,314$3,809$3,357$2,953$2,578
13 years$4,455$3,899$3,403$2,963$2,575$2,218
14 years$4,094$3,544$3,057$2,630$2,258$1,918
15 years$3,782$3,237$2,760$2,346$1,988$1,666
16 years$3,509$2,970$2,503$2,101$1,757$1,451
17 years$3,268$2,735$2,277$1,887$1,558$1,269
18 years$3,054$2,528$2,079$1,701$1,385$1,112
19 years$2,863$2,343$1,903$1,537$1,234$976
20 years$2,692$2,177$1,747$1,392$1,103$859
21 years$2,537$2,028$1,607$1,263$987$757
22 years$2,396$1,893$1,481$1,149$884$668
23 years$2,267$1,770$1,367$1,046$794$590
24 years$2,150$1,659$1,264$954$714$522
25 years$2,042$1,556$1,171$871$642$462
26 years$1,942$1,463$1,086$797$578$410
27 years$1,850$1,377$1,009$729$522$363
28 years$1,765$1,297$938$668$471$322
29 years$1,686$1,224$873$613$425$286
30 years$1,612$1,156$813$562$384$254
31 years$1,543$1,093$758$516$347$226
32 years$1,479$1,034$707$475$314$201
33 years$1,418$979$660$436$284$179
34 years$1,362$928$617$402$257$159
35 years$1,308$880$577$370$233$142
36 years$1,258$835$539$340$211$126
37 years$1,210$793$505$314$191$112
38 years$1,166$754$473$289$173$100
39 years$1,123$717$443$267$157$89
40 years$1,083$682$415$246$143$79
41 years$1,045$649$389$227$129$71
42 years$1,008$618$365$209$117$63
43 years$974$589$343$193$107$56
44 years$941$562$322$178$97$50
45 years$910$536$302$165$88$45
46 years$880$511$284$152$80$40
47 years$851$488$266$141$72$35
48 years$824$465$250$130$66$32
49 years$798$444$235$120$60$28
50 years$773$425$221$111$54$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $792,000, adding $2,355 every year, while hoping to spend $33,070 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: 71/20/9 Blend
50$792,000$792,000$792,000$792,000
51$875,213$833,237$820,961$935,752
52$929,299$838,880$813,277$981,745
53$987,793$843,690$804,227$1,027,774
54$1,051,110$847,593$793,731$1,077,254
55$1,119,706$850,508$781,704$1,130,518
56$1,194,082$852,349$768,057$1,187,933
57$1,274,790$853,026$752,699$1,249,900
58$1,362,436$852,442$735,532$1,316,867
59$1,457,687$850,494$716,454$1,389,324
60$1,561,276$847,073$695,361$1,467,812
61$1,674,011$842,064$672,140$1,552,928
62$1,796,779$835,345$646,676$1,645,332
63$1,930,559$826,785$618,848$1,745,748
64$2,076,425$816,246$588,528$1,854,978
65$2,235,561$803,583$555,585$1,973,906
66$2,409,271$788,641$519,880$2,103,505
67$2,598,988$771,256$481,267$2,244,850
68$2,806,291$751,254$439,595$2,399,126
69$3,032,918$728,451$394,708$2,567,640
70$3,280,784$702,653$346,438$2,751,833
71$3,551,995$673,654$294,615$2,953,294
72$3,848,871$641,236$239,058$3,173,778
73$4,173,968$605,169$179,578$3,415,216
74$4,530,099$565,208$115,980$3,679,742
75$4,920,362$521,096$48,059$3,969,706
76$5,348,170$472,562$0$4,287,703
77$5,817,282$419,315$0$4,638,936
78$6,331,836$361,053$0$5,029,291
79$6,896,393$297,454$0$5,457,649
80$7,515,973$228,178$0$5,927,867
81$8,196,110$152,866$0$6,444,198
82$8,942,895$71,139$0$7,011,331
83$9,763,043$0$0$7,634,433
84$10,663,947$0$0$8,323,031
85$11,653,752$0$0$9,096,824
86$12,741,434$0$0$9,947,177
87$13,936,877$0$0$10,881,824
88$15,250,974$0$0$11,909,285
89$16,695,724$0$0$13,038,950
90$18,284,347$0$0$14,281,160
91$20,031,407$0$0$15,647,311
92$21,952,952$0$0$17,149,958
93$24,066,663$0$0$18,802,934
94$26,392,019$0$0$20,621,479
95$28,950,484$0$0$22,622,386
96$31,765,706$0$0$24,824,157
97$34,863,743$0$0$27,247,179
98$38,273,304$0$0$29,913,914
99$42,026,024$0$0$32,849,113
100$46,156,761$0$0$36,080,048