Can I retire at age 51 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$66,724$66,130$65,550$64,984$64,431$63,208
2 years$33,032$32,416$31,820$31,242$30,681$29,454
3 years$21,802$21,185$20,590$20,017$19,466$18,272
4 years$16,189$15,573$14,984$14,421$13,883$12,732
5 years$12,822$12,209$11,628$11,077$10,554$9,449
6 years$10,577$9,970$9,397$8,858$8,351$7,294
7 years$8,975$8,373$7,809$7,283$6,791$5,782
8 years$7,774$7,177$6,623$6,109$5,634$4,673
9 years$6,840$6,249$5,704$5,204$4,745$3,830
10 years$6,094$5,508$4,973$4,486$4,043$3,174
11 years$5,483$4,903$4,378$3,904$3,477$2,654
12 years$4,975$4,401$3,886$3,424$3,013$2,234
13 years$4,545$3,977$3,472$3,023$2,627$1,891
14 years$4,177$3,615$3,119$2,684$2,303$1,608
15 years$3,858$3,303$2,816$2,393$2,028$1,373
16 years$3,580$3,030$2,553$2,143$1,792$1,176
17 years$3,334$2,791$2,323$1,925$1,589$1,009
18 years$3,116$2,579$2,121$1,735$1,413$869
19 years$2,921$2,390$1,942$1,568$1,259$749
20 years$2,746$2,221$1,782$1,420$1,125$647
21 years$2,588$2,069$1,639$1,289$1,007$560
22 years$2,444$1,931$1,511$1,172$902$484
23 years$2,313$1,806$1,395$1,067$810$420
24 years$2,193$1,692$1,290$973$728$364
25 years$2,083$1,588$1,195$889$655$316
26 years$1,982$1,492$1,108$813$590$275
27 years$1,888$1,404$1,029$744$532$239
28 years$1,801$1,323$957$682$480$208
29 years$1,720$1,249$890$625$433$181
30 years$1,645$1,179$829$574$392$157
31 years$1,574$1,115$773$527$354$137
32 years$1,509$1,055$721$484$320$119
33 years$1,447$999$673$445$290$104
34 years$1,389$947$629$410$262$91
35 years$1,335$898$588$377$238$79
36 years$1,283$852$550$347$215$69
37 years$1,235$809$515$320$195$60
38 years$1,189$769$482$295$177$52
39 years$1,146$731$452$272$160$46
40 years$1,105$696$424$251$146$40
41 years$1,066$662$397$231$132$35
42 years$1,029$631$373$214$120$30
43 years$994$601$350$197$109$26
44 years$960$573$328$182$99$23
45 years$928$546$308$168$90$20
46 years$898$521$289$155$81$18
47 years$869$497$272$143$74$15
48 years$841$475$255$133$67$13
49 years$814$453$240$123$61$12
50 years$789$433$226$113$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $808,000, adding $6,787 every year, while hoping to spend $28,461 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: 61/34/5 Blend
50$808,000$808,000$808,000$808,000
51$897,417$854,593$842,069$951,011
52$958,671$866,186$839,996$999,218
53$1,025,219$877,392$836,899$1,047,867
54$1,097,572$888,165$832,716$1,100,208
55$1,176,289$898,450$827,376$1,156,598
56$1,261,988$908,192$820,812$1,217,426
57$1,355,349$917,331$812,947$1,283,126
58$1,457,119$925,805$803,705$1,354,172
59$1,568,121$933,544$793,004$1,431,089
60$1,689,259$940,478$780,760$1,514,457
61$1,821,531$946,529$766,883$1,604,912
62$1,966,034$951,616$751,280$1,703,159
63$2,123,975$955,651$733,854$1,809,974
64$2,296,685$958,542$714,502$1,926,212
65$2,485,627$960,190$693,118$2,052,817
66$2,692,413$960,492$669,590$2,190,830
67$2,918,819$959,336$643,801$2,341,398
68$3,166,800$956,605$615,630$2,505,788
69$3,438,508$952,173$584,948$2,685,396
70$3,736,314$945,908$551,622$2,881,760
71$4,062,829$937,668$515,512$3,096,580
72$4,420,929$927,306$476,473$3,331,727
73$4,813,781$914,661$434,353$3,589,267
74$5,244,875$899,568$388,992$3,871,478
75$5,718,054$881,848$340,225$4,180,869
76$6,237,550$861,313$287,877$4,520,213
77$6,808,026$837,764$231,767$4,892,562
78$7,434,620$810,989$171,706$5,301,284
79$8,122,990$780,767$107,497$5,750,095
80$8,879,370$746,859$38,933$6,243,090
81$9,710,627$709,017$0$6,784,785
82$10,624,328$666,976$0$7,381,987
83$11,628,808$620,456$0$8,040,696
84$12,733,250$569,161$0$8,764,902
85$13,947,771$512,780$0$9,561,293
86$15,283,519$450,982$0$10,437,245
87$16,752,776$383,417$0$11,400,890
88$18,369,072$309,718$0$12,461,192
89$20,147,317$229,493$0$13,628,035
90$22,103,937$142,333$0$14,912,315
91$24,257,034$47,802$0$16,326,044
92$26,626,548$0$0$17,882,463
93$29,234,455$0$0$19,616,585
94$32,104,967$0$0$21,545,085
95$35,264,762$0$0$23,668,012
96$38,743,236$0$0$26,005,125
97$42,572,780$0$0$28,578,198
98$46,789,087$0$0$31,411,221
99$51,431,484$0$0$34,530,631
100$56,543,308$0$0$37,965,558