Can I retire at age 51 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$62,843$62,283$61,737$61,204$60,683$58,788
2 years$31,110$30,531$29,969$29,425$28,897$27,004
3 years$20,534$19,952$19,392$18,853$18,333$16,503
4 years$15,247$14,667$14,112$13,582$13,075$11,321
5 years$12,076$11,499$10,952$10,433$9,940$8,266
6 years$9,962$9,390$8,851$8,343$7,865$6,273
7 years$8,453$7,886$7,355$6,859$6,396$4,887
8 years$7,322$6,759$6,238$5,754$5,306$3,878
9 years$6,442$5,885$5,372$4,901$4,469$3,120
10 years$5,739$5,188$4,684$4,225$3,808$2,536
11 years$5,164$4,618$4,124$3,677$3,275$2,079
12 years$4,686$4,145$3,660$3,225$2,838$1,715
13 years$4,281$3,746$3,270$2,847$2,475$1,422
14 years$3,934$3,405$2,938$2,528$2,169$1,184
15 years$3,634$3,110$2,652$2,254$1,910$989
16 years$3,372$2,854$2,405$2,018$1,688$828
17 years$3,140$2,628$2,188$1,813$1,497$695
18 years$2,935$2,429$1,998$1,634$1,331$585
19 years$2,751$2,251$1,829$1,477$1,186$493
20 years$2,586$2,092$1,678$1,337$1,060$416
21 years$2,437$1,948$1,544$1,214$948$351
22 years$2,302$1,819$1,423$1,104$850$297
23 years$2,179$1,701$1,314$1,005$763$251
24 years$2,066$1,594$1,215$917$686$213
25 years$1,962$1,496$1,125$837$617$180
26 years$1,866$1,406$1,044$765$556$153
27 years$1,778$1,323$969$701$501$129
28 years$1,696$1,246$901$642$452$110
29 years$1,620$1,176$838$589$408$93
30 years$1,549$1,111$781$540$369$79
31 years$1,483$1,050$728$496$334$67
32 years$1,421$993$679$456$302$57
33 years$1,363$941$634$419$273$48
34 years$1,308$892$593$386$247$41
35 years$1,257$846$554$355$224$35
36 years$1,209$803$518$327$203$30
37 years$1,163$762$485$301$184$25
38 years$1,120$724$454$278$167$21
39 years$1,079$689$426$256$151$18
40 years$1,040$655$399$236$137$15
41 years$1,004$624$374$218$124$13
42 years$969$594$351$201$113$11
43 years$936$566$329$186$102$9
44 years$904$540$309$171$93$8
45 years$874$515$290$158$84$7
46 years$845$491$273$146$77$6
47 years$818$468$256$135$70$5
48 years$792$447$241$125$63$4
49 years$767$427$226$115$57$4
50 years$743$408$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $761,000, adding $5,903 every year, while hoping to spend $31,013 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: 29/50/21 Blend
50$761,000$761,000$761,000$761,000
51$844,711$804,378$792,582$863,495
52$897,874$810,795$786,136$884,840
53$955,420$816,487$778,435$904,608
54$1,017,764$821,385$769,403$925,207
55$1,085,360$825,418$758,963$946,726
56$1,158,711$828,508$747,033$969,269
57$1,238,367$830,572$733,526$992,948
58$1,324,934$831,524$718,352$1,017,893
59$1,419,079$831,270$701,419$1,044,248
60$1,521,535$829,712$682,626$1,072,175
61$1,633,110$826,746$661,872$1,101,853
62$1,754,691$822,261$639,049$1,133,486
63$1,887,256$816,138$614,044$1,167,299
64$2,031,881$808,253$586,739$1,203,546
65$2,189,749$798,474$557,011$1,242,509
66$2,362,165$786,660$524,732$1,284,502
67$2,550,562$772,663$489,766$1,329,878
68$2,756,520$756,325$451,975$1,379,028
69$2,981,779$737,479$411,210$1,432,388
70$3,228,253$715,948$367,318$1,490,445
71$3,498,052$691,546$320,140$1,553,740
72$3,793,495$664,074$269,507$1,622,874
73$4,117,142$633,324$215,245$1,698,518
74$4,471,806$599,073$157,172$1,781,415
75$4,860,591$561,087$95,097$1,872,393
76$5,286,909$519,119$28,822$1,972,369
77$5,754,525$472,906$0$2,082,363
78$6,267,580$422,172$0$2,212,899
79$6,830,638$366,624$0$2,363,343
80$7,448,727$305,953$0$2,528,676
81$8,127,385$239,831$0$2,710,494
82$8,872,710$167,915$0$2,910,567
83$9,691,423$89,840$0$3,130,849
84$10,590,926$5,220$0$3,373,506
85$11,579,374$0$0$3,640,928
86$12,665,752$0$0$3,983,272
87$13,859,956$0$0$4,362,886
88$15,172,891$0$0$4,780,380
89$16,616,572$0$0$5,239,591
90$18,204,233$0$0$5,744,748
91$19,950,458$0$0$6,300,508
92$21,871,313$0$0$6,912,004
93$23,984,502$0$0$7,584,892
94$26,309,529$0$0$8,325,402
95$28,867,886$0$0$9,140,400
96$31,683,250$0$0$10,037,450
97$34,781,713$0$0$11,024,888
98$38,192,022$0$0$12,111,899
99$41,945,854$0$0$13,308,604
100$46,078,111$0$0$14,626,152