Can I retire at age 51 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$65,733$65,147$64,576$64,019$63,474$63,021
2 years$32,541$31,935$31,348$30,778$30,226$29,769
3 years$21,479$20,870$20,284$19,720$19,176$18,730
4 years$15,948$15,342$14,762$14,207$13,677$13,244
5 years$12,631$12,028$11,456$10,912$10,397$9,979
6 years$10,420$9,822$9,258$8,727$8,227$7,825
7 years$8,842$8,248$7,693$7,175$6,691$6,304
8 years$7,659$7,070$6,525$6,019$5,550$5,180
9 years$6,739$6,156$5,620$5,127$4,674$4,320
10 years$6,003$5,426$4,899$4,419$3,983$3,644
11 years$5,402$4,831$4,313$3,846$3,425$3,101
12 years$4,901$4,336$3,828$3,373$2,968$2,659
13 years$4,478$3,918$3,420$2,978$2,588$2,294
14 years$4,115$3,562$3,073$2,644$2,269$1,989
15 years$3,801$3,254$2,774$2,358$1,998$1,732
16 years$3,527$2,985$2,515$2,111$1,766$1,513
17 years$3,285$2,749$2,289$1,897$1,566$1,326
18 years$3,070$2,540$2,089$1,709$1,392$1,165
19 years$2,878$2,354$1,913$1,545$1,241$1,026
20 years$2,705$2,188$1,755$1,399$1,108$906
21 years$2,549$2,038$1,615$1,270$992$800
22 years$2,408$1,902$1,488$1,154$889$709
23 years$2,279$1,779$1,374$1,051$798$628
24 years$2,161$1,667$1,271$959$717$557
25 years$2,052$1,564$1,177$876$645$495
26 years$1,952$1,470$1,092$801$581$440
27 years$1,860$1,384$1,014$733$524$391
28 years$1,774$1,304$942$671$473$349
29 years$1,694$1,230$877$616$427$310
30 years$1,620$1,162$817$565$386$277
31 years$1,551$1,098$761$519$349$247
32 years$1,486$1,039$710$477$316$220
33 years$1,426$984$663$439$286$196
34 years$1,368$933$620$404$259$175
35 years$1,315$885$579$372$234$157
36 years$1,264$840$542$342$212$140
37 years$1,217$797$507$315$192$125
38 years$1,171$758$475$291$174$112
39 years$1,129$721$445$268$158$100
40 years$1,088$686$417$247$143$89
41 years$1,050$653$391$228$130$80
42 years$1,013$622$367$210$118$71
43 years$979$592$344$194$107$64
44 years$946$564$323$179$97$57
45 years$914$538$304$166$88$51
46 years$884$513$285$153$80$46
47 years$856$490$268$141$73$41
48 years$828$468$252$131$66$37
49 years$802$447$237$121$60$33
50 years$777$427$222$112$55$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $796,000, adding $4,301 every year, while hoping to spend $40,195 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: 57/27/16 Blend
50$796,000$796,000$796,000$796,000
51$881,628$839,440$827,102$927,970
52$928,787$837,806$812,043$958,261
53$979,409$834,744$795,132$986,499
54$1,033,805$830,143$776,265$1,016,350
55$1,092,316$823,882$755,333$1,047,979
56$1,155,316$815,837$732,221$1,081,565
57$1,223,218$805,872$706,809$1,117,309
58$1,296,472$793,845$678,973$1,155,434
59$1,375,575$779,607$648,582$1,196,189
60$1,461,073$762,997$615,499$1,239,847
61$1,553,566$743,847$579,581$1,286,714
62$1,653,711$721,977$540,679$1,337,129
63$1,762,235$697,199$498,637$1,391,468
64$1,879,933$669,312$453,291$1,450,148
65$2,007,682$638,104$404,472$1,513,630
66$2,146,445$603,350$352,001$1,582,427
67$2,297,282$564,814$295,693$1,657,108
68$2,461,359$522,245$235,353$1,738,301
69$2,639,959$475,376$170,779$1,826,705
70$2,834,495$423,929$101,760$1,923,091
71$3,046,518$367,607$28,074$2,028,315
72$3,277,740$306,096$0$2,143,325
73$3,530,041$239,066$0$2,277,800
74$3,805,492$166,168$0$2,429,947
75$4,106,375$87,033$0$2,596,293
76$4,435,198$1,271$0$2,778,306
77$4,794,726$0$0$2,977,605
78$5,188,000$0$0$3,223,171
79$5,618,371$0$0$3,492,382
80$6,089,527$0$0$3,787,176
81$6,605,531$0$0$4,110,105
82$7,170,856$0$0$4,463,977
83$7,790,427$0$0$4,851,885
84$8,469,672$0$0$5,277,235
85$9,214,566$0$0$5,743,781
86$10,031,689$0$0$6,255,655
87$10,928,292$0$0$6,817,409
88$11,912,360$0$0$7,434,058
89$12,992,689$0$0$8,111,126
90$14,178,966$0$0$8,854,696
91$15,481,867$0$0$9,671,472
92$16,913,147$0$0$10,568,837
93$18,485,760$0$0$11,554,927
94$20,213,976$0$0$12,638,701
95$22,113,513$0$0$13,830,033
96$24,201,691$0$0$15,139,800
97$26,497,589$0$0$16,579,985
98$29,022,231$0$0$18,163,791
99$31,798,775$0$0$19,905,763
100$34,852,739$0$0$21,821,928