Can I retire at age 51 with 760,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$62,760$62,201$61,656$61,123$60,603$58,360
2 years$31,069$30,491$29,930$29,386$28,859$26,624
3 years$20,507$19,926$19,367$18,828$18,309$16,153
4 years$15,227$14,648$14,094$13,565$13,058$10,998
5 years$12,060$11,484$10,937$10,419$9,927$7,967
6 years$9,949$9,378$8,839$8,332$7,855$5,997
7 years$8,442$7,875$7,345$6,850$6,388$4,632
8 years$7,312$6,751$6,229$5,746$5,299$3,643
9 years$6,434$5,878$5,365$4,895$4,463$2,904
10 years$5,732$5,181$4,678$4,219$3,803$2,339
11 years$5,157$4,612$4,118$3,672$3,270$1,898
12 years$4,679$4,140$3,655$3,221$2,834$1,550
13 years$4,275$3,741$3,265$2,844$2,471$1,272
14 years$3,929$3,400$2,934$2,524$2,166$1,048
15 years$3,629$3,106$2,649$2,251$1,907$866
16 years$3,367$2,850$2,402$2,016$1,686$718
17 years$3,136$2,625$2,185$1,811$1,495$596
18 years$2,931$2,425$1,995$1,632$1,329$496
19 years$2,748$2,248$1,826$1,475$1,185$413
20 years$2,583$2,089$1,676$1,336$1,058$344
21 years$2,434$1,946$1,542$1,212$947$287
22 years$2,299$1,816$1,421$1,102$849$240
23 years$2,176$1,699$1,312$1,004$762$201
24 years$2,063$1,592$1,213$916$685$168
25 years$1,959$1,494$1,124$836$616$141
26 years$1,864$1,404$1,042$764$555$118
27 years$1,776$1,321$968$700$500$99
28 years$1,694$1,245$900$641$452$83
29 years$1,618$1,174$837$588$408$69
30 years$1,547$1,109$780$540$368$58
31 years$1,481$1,048$727$496$333$49
32 years$1,419$992$678$455$301$41
33 years$1,361$939$633$419$273$34
34 years$1,307$890$592$385$247$29
35 years$1,255$845$553$355$224$24
36 years$1,207$802$518$327$203$20
37 years$1,161$761$484$301$184$17
38 years$1,118$724$454$277$166$14
39 years$1,078$688$425$256$151$12
40 years$1,039$655$398$236$137$10
41 years$1,002$623$374$218$124$8
42 years$968$593$350$201$113$7
43 years$934$565$329$185$102$6
44 years$903$539$309$171$93$5
45 years$873$514$290$158$84$4
46 years$844$490$272$146$77$3
47 years$817$468$256$135$70$3
48 years$791$447$240$125$63$2
49 years$766$427$226$115$57$2
50 years$742$407$212$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $760,000, adding $5,206 every year, while hoping to spend $39,891 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: 36/43/21 Blend
50$760,000$760,000$760,000$760,000
51$842,890$802,610$790,830$867,714
52$886,421$799,494$774,879$883,216
53$933,055$794,889$757,057$895,858
54$983,067$788,678$737,258$908,690
55$1,036,758$780,741$715,374$921,752
56$1,094,457$770,948$691,290$935,094
57$1,156,529$759,161$664,885$948,769
58$1,223,370$745,236$636,034$962,845
59$1,295,419$729,017$604,606$977,396
60$1,373,156$710,343$570,464$992,510
61$1,457,108$689,040$533,465$1,008,287
62$1,547,856$664,927$493,460$1,024,844
63$1,646,038$637,808$450,290$1,042,311
64$1,752,353$607,480$403,794$1,060,839
65$1,867,572$573,726$353,801$1,080,599
66$1,992,543$536,317$300,132$1,101,785
67$2,128,197$495,011$242,601$1,124,617
68$2,275,559$449,553$181,014$1,149,345
69$2,435,756$399,671$115,168$1,176,250
70$2,610,028$345,079$44,851$1,205,648
71$2,799,739$285,476$0$1,237,897
72$3,006,391$220,543$0$1,280,163
73$3,231,634$149,941$0$1,337,297
74$3,477,289$73,316$0$1,399,799
75$3,745,355$0$0$1,468,293
76$4,038,035$0$0$1,548,069
77$4,357,754$0$0$1,673,210
78$4,707,181$0$0$1,810,083
79$5,089,256$0$0$1,959,853
80$5,507,213$0$0$2,123,802
81$5,964,616$0$0$2,303,341
82$6,465,388$0$0$2,500,024
83$7,013,848$0$0$2,715,564
84$7,614,754$0$0$2,951,846
85$8,273,346$0$0$3,210,947
86$8,995,394$0$0$3,495,153
87$9,787,253$0$0$3,806,984
88$10,655,922$0$0$4,149,214
89$11,609,113$0$0$4,524,901
90$12,655,317$0$0$4,937,410
91$13,803,889$0$0$5,390,450
92$15,065,135$0$0$5,888,108
93$16,450,404$0$0$6,434,883
94$17,972,203$0$0$7,035,735
95$19,644,307$0$0$7,696,124
96$21,481,891$0$0$8,422,070
97$23,501,677$0$0$9,220,203
98$25,722,082$0$0$10,097,825
99$28,163,400$0$0$11,062,986
100$30,847,990$0$0$12,124,551