Can I retire at age 51 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$65,650$65,066$64,495$63,938$63,394$62,628
2 years$32,500$31,895$31,308$30,740$30,188$29,417
3 years$21,452$20,844$20,259$19,695$19,152$18,400
4 years$15,928$15,322$14,743$14,189$13,660$12,932
5 years$12,615$12,013$11,441$10,899$10,384$9,684
6 years$10,407$9,809$9,246$8,716$8,216$7,544
7 years$8,831$8,238$7,684$7,166$6,682$6,038
8 years$7,649$7,061$6,516$6,011$5,543$4,927
9 years$6,730$6,148$5,613$5,120$4,668$4,080
10 years$5,996$5,419$4,893$4,414$3,978$3,417
11 years$5,395$4,825$4,308$3,841$3,421$2,887
12 years$4,895$4,330$3,823$3,369$2,965$2,457
13 years$4,472$3,913$3,416$2,975$2,585$2,103
14 years$4,110$3,557$3,069$2,640$2,266$1,809
15 years$3,796$3,249$2,771$2,355$1,995$1,562
16 years$3,522$2,981$2,512$2,108$1,763$1,354
17 years$3,281$2,746$2,286$1,894$1,564$1,177
18 years$3,066$2,537$2,087$1,707$1,390$1,025
19 years$2,874$2,351$1,910$1,543$1,239$895
20 years$2,702$2,185$1,753$1,397$1,107$783
21 years$2,546$2,035$1,613$1,268$990$686
22 years$2,405$1,900$1,486$1,153$888$602
23 years$2,276$1,777$1,372$1,050$797$528
24 years$2,158$1,665$1,269$958$716$464
25 years$2,050$1,562$1,176$875$645$409
26 years$1,950$1,468$1,090$800$581$360
27 years$1,857$1,382$1,012$732$523$317
28 years$1,772$1,302$941$671$472$280
29 years$1,692$1,228$876$615$427$247
30 years$1,618$1,160$816$564$385$218
31 years$1,549$1,097$761$518$348$192
32 years$1,484$1,038$710$476$315$170
33 years$1,424$983$663$438$285$150
34 years$1,367$931$619$403$258$133
35 years$1,313$883$579$371$234$117
36 years$1,263$838$541$342$212$104
37 years$1,215$796$507$315$192$92
38 years$1,170$757$475$290$174$81
39 years$1,127$720$445$268$158$72
40 years$1,087$685$417$247$143$64
41 years$1,049$652$391$228$130$56
42 years$1,012$621$367$210$118$50
43 years$978$591$344$194$107$44
44 years$945$564$323$179$97$39
45 years$913$538$303$165$88$35
46 years$883$513$285$153$80$31
47 years$855$489$268$141$73$27
48 years$827$467$251$130$66$24
49 years$801$446$236$121$60$21
50 years$776$426$222$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $795,000, adding $4,318 every year, while hoping to spend $52,149 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: 53/22/25 Blend
50$795,000$795,000$795,000$795,000
51$880,544$838,409$826,087$920,893
52$914,873$824,005$798,274$934,821
53$950,957$807,147$767,783$944,255
54$988,917$787,661$734,466$953,453
55$1,028,890$765,360$698,175$962,413
56$1,071,022$740,047$658,749$971,133
57$1,115,473$711,516$616,023$979,616
58$1,162,417$679,546$569,826$987,869
59$1,212,044$643,904$519,975$995,903
60$1,264,561$604,344$466,283$1,003,733
61$1,320,195$560,606$408,553$1,011,380
62$1,379,194$512,414$346,577$1,018,873
63$1,441,826$459,477$280,142$1,026,247
64$1,508,389$401,488$209,024$1,033,546
65$1,579,205$338,121$132,986$1,040,822
66$1,654,629$269,034$51,786$1,048,142
67$1,735,048$193,863$0$1,055,581
68$1,820,886$112,226$0$1,072,531
69$1,912,609$23,718$0$1,105,146
70$2,010,727$0$0$1,139,794
71$2,115,798$0$0$1,194,149
72$2,228,436$0$0$1,258,626
73$2,349,312$0$0$1,327,873
74$2,479,166$0$0$1,402,321
75$2,618,807$0$0$1,482,442
76$2,769,124$0$0$1,568,753
77$2,931,095$0$0$1,661,823
78$3,105,792$0$0$1,762,278
79$3,294,392$0$0$1,870,804
80$3,498,193$0$0$1,988,156
81$3,718,615$0$0$2,115,163
82$3,957,225$0$0$2,252,738
83$4,215,740$0$0$2,401,884
84$4,496,053$0$0$2,563,702
85$4,800,243$0$0$2,739,406
86$5,130,596$0$0$2,930,329
87$5,489,628$0$0$3,137,938
88$5,880,107$0$0$3,363,848
89$6,305,076$0$0$3,609,836
90$6,767,885$0$0$3,877,854
91$7,272,222$0$0$4,170,054
92$7,822,142$0$0$4,488,804
93$8,422,111$0$0$4,836,708
94$9,077,043$0$0$5,216,635
95$9,792,349$0$0$5,631,742
96$10,573,983$0$0$6,085,504
97$11,428,502$0$0$6,581,749
98$12,363,126$0$0$7,124,690
99$13,385,802$0$0$7,718,967
100$14,505,283$0$0$8,369,688