Can I retire at age 51 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$65,568$64,984$64,414$63,858$63,315$61,044
2 years$32,459$31,855$31,269$30,701$30,150$27,887
3 years$21,425$20,817$20,233$19,670$19,128$16,944
4 years$15,908$15,303$14,724$14,171$13,642$11,553
5 years$12,599$11,998$11,427$10,885$10,371$8,383
6 years$10,394$9,797$9,235$8,705$8,206$6,320
7 years$8,820$8,228$7,674$7,157$6,674$4,890
8 years$7,639$7,053$6,508$6,004$5,536$3,853
9 years$6,722$6,141$5,605$5,114$4,663$3,077
10 years$5,988$5,413$4,887$4,408$3,973$2,483
11 years$5,388$4,818$4,302$3,836$3,417$2,019
12 years$4,889$4,325$3,818$3,365$2,961$1,652
13 years$4,466$3,908$3,411$2,971$2,582$1,359
14 years$4,105$3,553$3,065$2,637$2,263$1,122
15 years$3,791$3,245$2,767$2,352$1,993$929
16 years$3,518$2,978$2,509$2,106$1,761$771
17 years$3,276$2,742$2,283$1,892$1,562$642
18 years$3,062$2,534$2,084$1,705$1,389$535
19 years$2,871$2,348$1,908$1,541$1,238$447
20 years$2,699$2,182$1,751$1,395$1,105$374
21 years$2,543$2,033$1,611$1,266$989$313
22 years$2,402$1,897$1,484$1,151$887$262
23 years$2,273$1,775$1,371$1,049$796$219
24 years$2,155$1,663$1,268$956$715$184
25 years$2,047$1,560$1,174$873$644$154
26 years$1,947$1,467$1,089$799$580$129
27 years$1,855$1,380$1,011$731$523$109
28 years$1,770$1,301$940$670$472$91
29 years$1,690$1,227$875$614$426$77
30 years$1,616$1,159$815$564$385$64
31 years$1,547$1,095$760$518$348$54
32 years$1,483$1,036$709$476$315$45
33 years$1,422$981$662$438$285$38
34 years$1,365$930$618$403$258$32
35 years$1,312$882$578$371$234$27
36 years$1,261$837$541$341$212$23
37 years$1,213$795$506$314$192$19
38 years$1,168$756$474$290$174$16
39 years$1,126$719$444$267$158$14
40 years$1,086$684$416$247$143$11
41 years$1,047$651$390$227$130$10
42 years$1,011$620$366$210$118$8
43 years$976$591$344$194$107$7
44 years$943$563$322$179$97$6
45 years$912$537$303$165$88$5
46 years$882$512$284$153$80$4
47 years$854$489$267$141$73$3
48 years$826$467$251$130$66$3
49 years$800$446$236$120$60$2
50 years$775$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $794,000, adding $3,718 every year, while hoping to spend $24,258 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: 29/44/27 Blend
50$794,000$794,000$794,000$794,000
51$878,823$836,741$824,434$896,884
52$942,653$851,931$826,242$926,582
53$1,012,180$867,052$827,298$956,125
54$1,087,960$882,076$827,551$987,398
55$1,170,605$896,971$826,947$1,020,568
56$1,260,788$911,703$825,430$1,055,819
57$1,359,248$926,237$822,942$1,093,354
58$1,466,802$940,533$819,421$1,133,400
59$1,584,348$954,551$814,804$1,176,205
60$1,712,873$968,245$809,021$1,222,047
61$1,853,465$981,568$802,003$1,271,231
62$2,007,323$994,470$793,674$1,324,097
63$2,175,766$1,006,895$783,958$1,381,018
64$2,360,247$1,018,785$772,773$1,442,410
65$2,562,365$1,030,078$760,034$1,508,732
66$2,783,882$1,040,708$745,651$1,580,490
67$3,026,739$1,050,604$729,531$1,658,247
68$3,293,072$1,059,690$711,577$1,742,624
69$3,585,237$1,067,885$691,686$1,834,306
70$3,905,824$1,075,105$669,751$1,934,054
71$4,257,691$1,081,258$645,660$2,042,707
72$4,643,982$1,086,247$619,296$2,161,192
73$5,068,164$1,089,968$590,538$2,290,535
74$5,534,052$1,092,312$559,257$2,431,871
75$6,045,853$1,093,163$525,319$2,586,452
76$6,608,198$1,092,396$488,586$2,755,661
77$7,226,191$1,089,880$448,910$2,941,030
78$7,905,453$1,085,475$406,139$3,144,247
79$8,652,180$1,079,034$360,115$3,367,180
80$9,473,194$1,070,398$310,671$3,611,890
81$10,376,014$1,059,402$257,633$3,880,654
82$11,368,924$1,045,869$200,820$4,175,988
83$12,461,048$1,029,611$140,042$4,500,670
84$13,662,443$1,010,430$75,101$4,857,765
85$14,984,187$988,116$5,792$5,250,660
86$16,438,486$962,445$0$5,683,093
87$18,038,790$933,184$0$6,178,831
88$19,799,918$900,081$0$6,725,846
89$21,738,197$862,872$0$7,327,564
90$23,871,620$821,280$0$7,989,606
91$26,220,010$775,007$0$8,718,168
92$28,805,210$723,742$0$9,520,088
93$31,651,290$667,153$0$10,402,904
94$34,784,770$604,892$0$11,374,930
95$38,234,874$536,590$0$12,445,334
96$42,033,804$461,855$0$13,624,226
97$46,217,042$380,276$0$14,922,755
98$50,823,688$291,417$0$16,353,215
99$55,896,825$194,818$0$17,929,161
100$61,483,930$89,993$0$19,665,540