Can I retire at age 51 with 798,000?

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 $798,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$65,898$65,311$64,738$64,179$63,634$61,474
2 years$32,623$32,015$31,426$30,856$30,302$28,147
3 years$21,533$20,922$20,335$19,769$19,225$17,143
4 years$15,988$15,380$14,799$14,243$13,711$11,719
5 years$12,663$12,058$11,484$10,940$10,423$8,525
6 years$10,447$9,846$9,281$8,749$8,247$6,445
7 years$8,864$8,269$7,713$7,193$6,707$5,001
8 years$7,678$7,088$6,541$6,034$5,564$3,952
9 years$6,756$6,171$5,634$5,139$4,686$3,166
10 years$6,018$5,440$4,912$4,430$3,993$2,563
11 years$5,415$4,843$4,324$3,856$3,434$2,091
12 years$4,913$4,347$3,838$3,382$2,976$1,717
13 years$4,489$3,928$3,429$2,986$2,595$1,416
14 years$4,125$3,570$3,081$2,650$2,275$1,173
15 years$3,811$3,262$2,781$2,364$2,003$975
16 years$3,535$2,993$2,522$2,116$1,770$813
17 years$3,293$2,756$2,295$1,902$1,569$679
18 years$3,078$2,547$2,095$1,714$1,395$568
19 years$2,885$2,360$1,918$1,548$1,244$476
20 years$2,712$2,193$1,760$1,402$1,111$400
21 years$2,556$2,043$1,619$1,273$994$336
22 years$2,414$1,907$1,492$1,157$891$282
23 years$2,285$1,784$1,378$1,054$800$237
24 years$2,166$1,671$1,274$961$719$200
25 years$2,057$1,568$1,180$878$647$168
26 years$1,957$1,474$1,094$803$583$142
27 years$1,864$1,387$1,016$735$525$120
28 years$1,779$1,307$945$673$474$101
29 years$1,699$1,233$879$617$428$85
30 years$1,624$1,165$819$567$387$72
31 years$1,555$1,101$763$520$350$61
32 years$1,490$1,042$712$478$316$51
33 years$1,429$986$665$440$286$43
34 years$1,372$935$621$405$259$36
35 years$1,318$887$581$372$235$31
36 years$1,267$842$543$343$213$26
37 years$1,220$799$509$316$193$22
38 years$1,174$760$476$291$175$18
39 years$1,132$722$446$269$159$16
40 years$1,091$687$418$248$144$13
41 years$1,053$654$392$229$130$11
42 years$1,016$623$368$211$118$9
43 years$981$594$345$195$107$8
44 years$948$566$324$180$98$7
45 years$917$540$304$166$89$6
46 years$887$515$286$153$80$5
47 years$858$491$269$142$73$4
48 years$830$469$252$131$66$3
49 years$804$448$237$121$60$3
50 years$779$428$223$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $798,000, adding $2,420 every year, while hoping to spend $22,506 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: 31/45/24 Blend
50$798,000$798,000$798,000$798,000
51$881,892$839,598$827,229$902,636
52$947,899$856,792$830,995$935,868
53$1,019,884$874,075$834,133$969,442
54$1,098,434$891,426$836,598$1,005,126
55$1,184,193$908,824$838,343$1,043,119
56$1,277,872$926,248$839,318$1,083,639
57$1,380,252$943,671$839,472$1,126,930
58$1,492,193$961,067$838,751$1,173,259
59$1,614,645$978,407$837,097$1,222,921
60$1,748,649$995,659$834,450$1,276,245
61$1,895,355$1,012,790$830,748$1,333,591
62$2,056,028$1,029,764$825,924$1,395,357
63$2,232,060$1,046,540$819,911$1,461,985
64$2,424,988$1,063,078$812,635$1,533,960
65$2,636,499$1,079,331$804,021$1,611,820
66$2,868,455$1,095,252$793,989$1,696,158
67$3,122,907$1,110,788$782,457$1,787,629
68$3,402,112$1,125,885$769,337$1,886,957
69$3,708,556$1,140,483$754,539$1,994,942
70$4,044,980$1,154,518$737,968$2,112,464
71$4,414,401$1,167,922$719,523$2,240,500
72$4,820,144$1,180,623$699,100$2,380,123
73$5,265,869$1,192,545$676,590$2,532,522
74$5,755,611$1,203,603$651,880$2,699,009
75$6,293,815$1,213,711$624,849$2,881,029
76$6,885,376$1,222,775$595,374$3,080,180
77$7,535,689$1,230,695$563,323$3,298,227
78$8,250,696$1,237,366$528,561$3,537,115
79$9,036,944$1,242,674$490,945$3,798,993
80$9,901,646$1,246,499$450,326$4,086,230
81$10,852,751$1,248,714$406,548$4,401,445
82$11,899,014$1,249,184$359,450$4,747,523
83$13,050,083$1,247,764$308,862$5,127,651
84$14,316,589$1,244,301$254,605$5,545,344
85$15,710,243$1,238,634$196,497$6,004,482
86$17,243,951$1,230,590$134,342$6,509,342
87$18,931,931$1,219,987$67,941$7,064,648
88$20,789,853$1,206,630$0$7,675,608
89$22,834,978$1,190,316$0$8,348,717
90$25,086,330$1,170,825$0$9,108,181
91$27,564,869$1,147,929$0$9,943,634
92$30,293,690$1,121,382$0$10,862,852
93$33,298,243$1,090,926$0$11,874,404
94$36,606,570$1,056,288$0$12,987,743
95$40,249,572$1,017,178$0$14,213,286
96$44,261,298$973,288$0$15,562,520
97$48,679,266$924,296$0$17,048,110
98$53,544,823$869,858$0$18,684,016
99$58,903,524$809,610$0$20,485,630
100$64,805,573$743,170$0$22,469,921