Can I retire at age 51 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$66,394$65,802$65,225$64,662$64,112$61,764
2 years$32,868$32,256$31,663$31,088$30,530$28,190
3 years$21,694$21,080$20,488$19,918$19,369$17,112
4 years$16,109$15,496$14,910$14,350$13,814$11,656
5 years$12,758$12,149$11,571$11,022$10,501$8,448
6 years$10,525$9,920$9,351$8,814$8,309$6,363
7 years$8,931$8,331$7,771$7,247$6,758$4,917
8 years$7,736$7,141$6,590$6,079$5,606$3,870
9 years$6,806$6,218$5,676$5,178$4,721$3,087
10 years$6,063$5,481$4,949$4,464$4,023$2,487
11 years$5,456$4,879$4,357$3,885$3,460$2,020
12 years$4,950$4,379$3,866$3,407$2,998$1,651
13 years$4,523$3,958$3,454$3,008$2,614$1,356
14 years$4,156$3,597$3,104$2,670$2,292$1,118
15 years$3,839$3,286$2,802$2,381$2,018$924
16 years$3,562$3,015$2,541$2,132$1,783$767
17 years$3,318$2,777$2,312$1,916$1,581$637
18 years$3,101$2,566$2,110$1,727$1,406$530
19 years$2,907$2,378$1,932$1,560$1,253$442
20 years$2,733$2,210$1,773$1,413$1,119$369
21 years$2,575$2,058$1,631$1,282$1,002$308
22 years$2,432$1,921$1,503$1,166$898$258
23 years$2,302$1,797$1,388$1,062$806$216
24 years$2,182$1,684$1,284$969$724$181
25 years$2,073$1,580$1,189$884$652$151
26 years$1,972$1,485$1,103$809$587$127
27 years$1,878$1,398$1,024$740$529$106
28 years$1,792$1,317$952$678$478$89
29 years$1,712$1,242$886$622$431$75
30 years$1,637$1,173$825$571$390$63
31 years$1,567$1,109$769$524$352$53
32 years$1,501$1,049$718$482$319$44
33 years$1,440$994$670$443$288$37
34 years$1,382$942$626$408$261$31
35 years$1,328$893$585$375$237$26
36 years$1,277$848$548$346$214$22
37 years$1,229$805$513$318$194$18
38 years$1,183$765$480$293$176$15
39 years$1,140$728$450$271$160$13
40 years$1,099$692$421$250$145$11
41 years$1,060$659$395$230$131$9
42 years$1,024$628$371$213$119$8
43 years$989$598$348$196$108$6
44 years$955$570$327$181$98$5
45 years$924$544$307$167$89$5
46 years$893$519$288$155$81$4
47 years$864$495$271$143$74$3
48 years$837$473$254$132$67$3
49 years$810$451$239$122$61$2
50 years$785$431$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $804,000, adding $6,944 every year, while hoping to spend $41,460 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: 37/48/15 Blend
50$804,000$804,000$804,000$804,000
51$893,171$850,559$838,097$921,906
52$940,161$848,123$822,060$940,752
53$990,555$844,178$804,096$956,621
54$1,044,655$838,607$784,097$972,869
55$1,102,796$831,284$761,950$989,553
56$1,165,341$822,078$737,536$1,006,736
57$1,232,693$810,847$710,731$1,024,492
58$1,305,293$797,443$681,405$1,042,905
59$1,383,624$781,709$649,423$1,062,074
60$1,468,218$763,477$614,643$1,082,109
61$1,559,660$742,571$576,917$1,103,137
62$1,658,591$718,803$536,090$1,125,301
63$1,765,720$691,977$492,001$1,148,764
64$1,881,820$661,881$444,481$1,173,712
65$2,007,747$628,294$393,352$1,200,353
66$2,144,439$590,982$338,431$1,228,924
67$2,292,928$549,697$279,525$1,259,691
68$2,454,351$504,175$216,433$1,292,955
69$2,629,956$454,142$148,944$1,329,052
70$2,821,118$399,302$76,841$1,368,362
71$3,029,351$339,346$0$1,411,310
72$3,256,319$273,948$0$1,458,391
73$3,503,853$202,761$0$1,523,247
74$3,773,971$125,422$0$1,594,206
75$4,068,892$41,543$0$1,671,979
76$4,391,059$0$0$1,757,356
77$4,743,162$0$0$1,877,247
78$5,128,162$0$0$2,032,440
79$5,549,319$0$0$2,202,319
80$6,010,225$0$0$2,388,348
81$6,514,831$0$0$2,592,135
82$7,067,492$0$0$2,815,453
83$7,673,000$0$0$3,060,257
84$8,336,636$0$0$3,328,695
85$9,064,215$0$0$3,623,138
86$9,862,139$0$0$3,946,193
87$10,737,463$0$0$4,300,735
88$11,697,955$0$0$4,689,930
89$12,752,174$0$0$5,117,263
90$13,909,545$0$0$5,586,577
91$15,180,453$0$0$6,102,103
92$16,576,336$0$0$6,668,502
93$18,109,794$0$0$7,290,908
94$19,794,709$0$0$7,974,980
95$21,646,373$0$0$8,726,950
96$23,681,635$0$0$9,553,685
97$25,919,054$0$0$10,462,749
98$28,379,079$0$0$11,462,477
99$31,084,239$0$0$12,562,051
100$34,059,357$0$0$13,771,590