Can I retire at age 51 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$65,816$65,229$64,657$64,099$63,554$62,475
2 years$32,582$31,975$31,387$30,817$30,264$29,180
3 years$21,506$20,896$20,309$19,745$19,201$18,146
4 years$15,968$15,361$14,780$14,225$13,694$12,677
5 years$12,647$12,043$11,470$10,926$10,410$9,433
6 years$10,433$9,834$9,269$8,738$8,237$7,301
7 years$8,853$8,259$7,703$7,184$6,699$5,804
8 years$7,668$7,079$6,533$6,026$5,557$4,704
9 years$6,747$6,164$5,627$5,133$4,680$3,867
10 years$6,011$5,433$4,905$4,425$3,988$3,215
11 years$5,409$4,837$4,319$3,851$3,430$2,696
12 years$4,907$4,341$3,833$3,378$2,972$2,277
13 years$4,483$3,923$3,424$2,982$2,592$1,934
14 years$4,120$3,566$3,077$2,647$2,272$1,650
15 years$3,806$3,258$2,778$2,361$2,000$1,413
16 years$3,531$2,989$2,519$2,114$1,768$1,215
17 years$3,289$2,753$2,292$1,899$1,568$1,047
18 years$3,074$2,544$2,092$1,712$1,394$904
19 years$2,882$2,357$1,915$1,547$1,242$782
20 years$2,709$2,191$1,758$1,401$1,110$678
21 years$2,553$2,040$1,617$1,271$993$589
22 years$2,411$1,905$1,490$1,156$890$512
23 years$2,282$1,781$1,376$1,053$799$445
24 years$2,163$1,669$1,272$960$718$388
25 years$2,055$1,566$1,178$877$646$338
26 years$1,955$1,472$1,093$802$582$295
27 years$1,862$1,385$1,015$734$525$257
28 years$1,776$1,305$944$672$474$225
29 years$1,697$1,232$878$617$428$196
30 years$1,622$1,163$818$566$386$172
31 years$1,553$1,099$762$520$349$150
32 years$1,488$1,040$711$478$316$131
33 years$1,427$985$664$439$286$115
34 years$1,370$934$621$404$259$100
35 years$1,316$886$580$372$234$88
36 years$1,266$841$543$343$212$77
37 years$1,218$798$508$316$193$67
38 years$1,173$759$476$291$175$59
39 years$1,130$721$446$268$158$52
40 years$1,090$686$418$247$144$45
41 years$1,051$653$392$228$130$40
42 years$1,015$622$367$211$118$35
43 years$980$593$345$194$107$30
44 years$947$565$324$180$97$27
45 years$915$539$304$166$88$23
46 years$885$514$285$153$80$20
47 years$857$491$268$142$73$18
48 years$829$468$252$131$66$16
49 years$803$447$237$121$60$14
50 years$778$427$223$112$55$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $797,000, adding $4,802 every year, while hoping to spend $54,263 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: 28/48/24 Blend
50$797,000$797,000$797,000$797,000
51$883,247$841,006$828,653$901,239
52$915,603$824,480$798,677$899,236
53$949,441$805,326$765,879$892,006
54$984,853$783,357$730,106$883,111
55$1,021,943$758,376$691,199$872,443
56$1,060,821$730,175$648,993$859,890
57$1,101,604$698,534$603,315$845,336
58$1,144,424$663,218$553,982$828,658
59$1,189,421$623,982$500,806$809,728
60$1,236,748$580,563$443,589$788,412
61$1,286,572$532,686$382,125$764,573
62$1,339,073$480,058$316,197$738,066
63$1,394,450$422,372$245,581$708,740
64$1,452,917$359,302$170,040$676,440
65$1,514,708$290,502$89,331$641,004
66$1,580,081$215,609$3,196$602,264
67$1,649,314$134,239$0$560,047
68$1,722,714$45,985$0$536,894
69$1,800,612$0$0$512,251
70$1,883,375$0$0$511,368
71$1,971,402$0$0$536,332
72$2,065,129$0$0$562,986
73$2,165,034$0$0$591,474
74$2,271,641$0$0$621,957
75$2,385,525$0$0$654,609
76$2,507,312$0$0$689,622
77$2,637,694$0$0$727,205
78$2,777,426$0$0$767,590
79$2,927,337$0$0$811,030
80$3,088,337$0$0$857,803
81$3,261,426$0$0$908,215
82$3,447,698$0$0$962,600
83$3,648,360$0$0$1,021,328
84$3,864,732$0$0$1,084,803
85$4,098,267$0$0$1,153,470
86$4,350,563$0$0$1,227,819
87$4,623,371$0$0$1,308,387
88$4,918,622$0$0$1,395,766
89$5,238,433$0$0$1,490,606
90$5,585,136$0$0$1,593,623
91$5,961,293$0$0$1,705,604
92$6,369,721$0$0$1,827,413
93$6,813,521$0$0$1,960,005
94$7,296,102$0$0$2,104,425
95$7,821,216$0$0$2,261,828
96$8,392,991$0$0$2,433,483
97$9,015,968$0$0$2,620,787
98$9,695,145$0$0$2,825,276
99$10,436,025$0$0$3,048,645
100$11,244,661$0$0$3,292,756