Can I retire at age 51 with 760,000?

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 $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%11.4%
1 years$62,760$62,201$61,656$61,123$60,603$60,247
2 years$31,069$30,491$29,930$29,386$28,859$28,499
3 years$20,507$19,926$19,367$18,828$18,309$17,957
4 years$15,227$14,648$14,094$13,565$13,058$12,717
5 years$12,060$11,484$10,937$10,419$9,927$9,597
6 years$9,949$9,378$8,839$8,332$7,855$7,537
7 years$8,442$7,875$7,345$6,850$6,388$6,083
8 years$7,312$6,751$6,229$5,746$5,299$5,007
9 years$6,434$5,878$5,365$4,895$4,463$4,182
10 years$5,732$5,181$4,678$4,219$3,803$3,534
11 years$5,157$4,612$4,118$3,672$3,270$3,014
12 years$4,679$4,140$3,655$3,221$2,834$2,589
13 years$4,275$3,741$3,265$2,844$2,471$2,238
14 years$3,929$3,400$2,934$2,524$2,166$1,944
15 years$3,629$3,106$2,649$2,251$1,907$1,696
16 years$3,367$2,850$2,402$2,016$1,686$1,485
17 years$3,136$2,625$2,185$1,811$1,495$1,304
18 years$2,931$2,425$1,995$1,632$1,329$1,148
19 years$2,748$2,248$1,826$1,475$1,185$1,013
20 years$2,583$2,089$1,676$1,336$1,058$896
21 years$2,434$1,946$1,542$1,212$947$794
22 years$2,299$1,816$1,421$1,102$849$704
23 years$2,176$1,699$1,312$1,004$762$626
24 years$2,063$1,592$1,213$916$685$556
25 years$1,959$1,494$1,124$836$616$495
26 years$1,864$1,404$1,042$764$555$441
27 years$1,776$1,321$968$700$500$394
28 years$1,694$1,245$900$641$452$351
29 years$1,618$1,174$837$588$408$314
30 years$1,547$1,109$780$540$368$280
31 years$1,481$1,048$727$496$333$251
32 years$1,419$992$678$455$301$224
33 years$1,361$939$633$419$273$201
34 years$1,307$890$592$385$247$179
35 years$1,255$845$553$355$224$161
36 years$1,207$802$518$327$203$144
37 years$1,161$761$484$301$184$129
38 years$1,118$724$454$277$166$115
39 years$1,078$688$425$256$151$103
40 years$1,039$655$398$236$137$93
41 years$1,002$623$374$218$124$83
42 years$968$593$350$201$113$75
43 years$934$565$329$185$102$67
44 years$903$539$309$171$93$60
45 years$873$514$290$158$84$54
46 years$844$490$272$146$77$48
47 years$817$468$256$135$70$43
48 years$791$447$240$125$63$39
49 years$766$427$226$115$57$35
50 years$742$407$212$107$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $760,000, adding $2,743 every year, while hoping to spend $57,060 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: 49/38/13 Blend
50$760,000$760,000$760,000$760,000
51$840,349$800,069$788,289$878,400
52$865,354$778,561$753,986$883,355
53$890,996$754,087$716,620$882,564
54$917,281$726,441$676,031$880,428
55$944,212$695,405$632,047$876,838
56$971,792$660,750$584,490$871,680
57$1,000,020$622,232$533,175$864,832
58$1,028,893$579,593$477,908$856,163
59$1,058,409$532,561$418,486$845,538
60$1,088,558$480,848$354,698$832,807
61$1,119,332$424,151$286,321$817,816
62$1,150,717$362,147$213,126$800,398
63$1,182,695$294,498$134,871$780,375
64$1,215,246$220,843$51,304$757,560
65$1,248,341$140,805$0$731,752
66$1,281,950$53,983$0$707,992
67$1,316,035$0$0$688,734
68$1,350,552$0$0$683,398
69$1,385,448$0$0$700,797
70$1,420,664$0$0$718,322
71$1,456,129$0$0$735,935
72$1,491,764$0$0$753,591
73$1,527,478$0$0$771,240
74$1,563,167$0$0$788,824
75$1,598,713$0$0$806,278
76$1,633,981$0$0$823,527
77$1,668,821$0$0$840,488
78$1,703,063$0$0$857,067
79$1,736,513$0$0$873,159
80$1,768,957$0$0$888,646
81$1,800,154$0$0$903,395
82$1,829,831$0$0$917,257
83$1,857,686$0$0$930,068
84$1,883,381$0$0$941,642
85$1,906,537$0$0$951,772
86$1,926,733$0$0$960,229
87$1,943,500$0$0$966,758
88$1,956,314$0$0$971,072
89$1,964,595$0$0$972,857
90$1,967,695$0$0$971,759
91$1,964,897$0$0$967,390
92$1,955,404$0$0$959,315
93$1,938,329$0$0$947,053
94$1,912,693$0$0$930,072
95$1,877,406$0$0$907,782
96$1,831,264$0$0$879,527
97$1,772,929$0$0$844,584
98$1,700,922$0$0$802,150
99$1,613,606$0$0$751,337
100$1,509,168$0$0$691,164