Can I retire at age 51 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$65,485$64,902$64,333$63,777$63,235$61,857
2 years$32,418$31,815$31,230$30,662$30,112$28,731
3 years$21,398$20,791$20,208$19,646$19,104$17,763
4 years$15,888$15,284$14,706$14,154$13,625$12,334
5 years$12,584$11,983$11,412$10,871$10,358$9,120
6 years$10,381$9,785$9,223$8,694$8,196$7,013
7 years$8,809$8,217$7,664$7,148$6,665$5,538
8 years$7,630$7,044$6,500$5,996$5,530$4,457
9 years$6,713$6,133$5,598$5,107$4,657$3,638
10 years$5,981$5,406$4,881$4,403$3,968$3,002
11 years$5,381$4,812$4,297$3,832$3,412$2,499
12 years$4,883$4,319$3,813$3,361$2,957$2,094
13 years$4,461$3,903$3,407$2,967$2,579$1,764
14 years$4,100$3,548$3,061$2,634$2,260$1,493
15 years$3,787$3,241$2,764$2,349$1,990$1,268
16 years$3,513$2,974$2,506$2,103$1,759$1,081
17 years$3,272$2,739$2,280$1,890$1,560$923
18 years$3,058$2,531$2,082$1,703$1,387$791
19 years$2,867$2,345$1,906$1,539$1,236$678
20 years$2,695$2,180$1,749$1,394$1,104$583
21 years$2,540$2,030$1,609$1,265$988$501
22 years$2,399$1,895$1,483$1,150$886$432
23 years$2,270$1,772$1,369$1,047$795$372
24 years$2,153$1,661$1,266$955$715$321
25 years$2,044$1,558$1,173$872$643$277
26 years$1,945$1,465$1,088$798$579$240
27 years$1,853$1,378$1,010$730$522$207
28 years$1,767$1,299$939$669$471$179
29 years$1,688$1,225$874$613$425$155
30 years$1,614$1,157$814$563$384$134
31 years$1,545$1,094$759$517$348$116
32 years$1,481$1,035$708$475$314$100
33 years$1,420$980$661$437$285$87
34 years$1,363$929$617$402$258$75
35 years$1,310$881$577$370$233$65
36 years$1,259$836$540$341$211$57
37 years$1,212$794$505$314$192$49
38 years$1,167$755$473$289$174$43
39 years$1,124$718$443$267$158$37
40 years$1,084$683$416$246$143$32
41 years$1,046$650$390$227$130$28
42 years$1,010$619$366$210$118$24
43 years$975$590$343$194$107$21
44 years$942$562$322$179$97$18
45 years$911$536$302$165$88$16
46 years$881$512$284$152$80$14
47 years$852$488$267$141$73$12
48 years$825$466$251$130$66$10
49 years$799$445$236$120$60$9
50 years$774$425$222$111$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $793,000, adding $6,661 every year, while hoping to spend $22,108 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: 37/48/15 Blend
50$793,000$793,000$793,000$793,000
51$880,757$838,728$826,436$909,099
52$947,071$856,303$830,599$947,647
53$1,019,409$873,998$834,161$986,653
54$1,098,361$891,796$837,077$1,028,309
55$1,184,577$909,677$839,303$1,072,864
56$1,278,774$927,622$840,790$1,120,592
57$1,381,741$945,607$841,488$1,171,795
58$1,494,344$963,608$841,344$1,226,807
59$1,617,541$981,599$840,303$1,285,996
60$1,752,384$999,550$838,306$1,349,767
61$1,900,030$1,017,432$835,293$1,418,568
62$2,061,758$1,035,210$831,199$1,492,893
63$2,238,970$1,052,849$825,958$1,573,285
64$2,433,217$1,070,310$819,499$1,660,347
65$2,646,201$1,087,551$811,748$1,754,741
66$2,879,801$1,104,528$802,629$1,857,197
67$3,136,085$1,121,194$792,061$1,968,523
68$3,417,329$1,137,496$779,959$2,089,608
69$3,726,043$1,153,380$766,234$2,221,434
70$4,064,991$1,168,787$750,794$2,365,084
71$4,437,216$1,183,654$733,542$2,521,752
72$4,846,073$1,197,914$714,376$2,692,757
73$5,295,255$1,211,494$693,191$2,879,551
74$5,788,833$1,224,319$669,874$3,083,740
75$6,331,289$1,236,306$644,311$3,307,091
76$6,927,564$1,247,369$616,379$3,551,557
77$7,583,100$1,257,414$585,951$3,819,289
78$8,303,891$1,266,342$552,895$4,112,662
79$9,096,543$1,274,048$517,073$4,434,294
80$9,968,334$1,280,420$478,338$4,787,075
81$10,927,281$1,285,338$436,540$5,174,190
82$11,982,220$1,288,676$391,520$5,599,153
83$13,142,884$1,290,298$343,114$6,065,840
84$14,419,998$1,290,062$291,147$6,578,524
85$15,825,378$1,287,816$235,441$7,141,919
86$17,372,046$1,283,398$175,807$7,761,224
87$19,074,346$1,276,636$112,048$8,442,172
88$20,948,087$1,267,348$43,960$9,191,085
89$23,010,686$1,255,343$0$10,014,935
90$25,281,337$1,240,415$0$10,926,003
91$27,781,185$1,222,348$0$11,935,980
92$30,533,535$1,200,912$0$13,047,210
93$33,564,063$1,175,864$0$14,270,037
94$36,901,061$1,146,945$0$15,615,869
95$40,575,708$1,113,884$0$17,097,281
96$44,622,357$1,076,391$0$18,728,133
97$49,078,863$1,034,160$0$20,523,708
98$53,986,942$986,869$0$22,500,850
99$59,392,559$934,174$0$24,678,130
100$65,346,365$875,714$0$27,076,017