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%17.1%
1 years$62,843$62,283$61,737$61,204$60,683$58,930
2 years$31,110$30,531$29,969$29,425$28,897$27,144
3 years$20,534$19,952$19,392$18,853$18,333$16,636
4 years$15,247$14,667$14,112$13,582$13,075$11,447
5 years$12,076$11,499$10,952$10,433$9,940$8,385
6 years$9,962$9,390$8,851$8,343$7,865$6,385
7 years$8,453$7,886$7,355$6,859$6,396$4,990
8 years$7,322$6,759$6,238$5,754$5,306$3,974
9 years$6,442$5,885$5,372$4,901$4,469$3,209
10 years$5,739$5,188$4,684$4,225$3,808$2,619
11 years$5,164$4,618$4,124$3,677$3,275$2,155
12 years$4,686$4,145$3,660$3,225$2,838$1,784
13 years$4,281$3,746$3,270$2,847$2,475$1,485
14 years$3,934$3,405$2,938$2,528$2,169$1,242
15 years$3,634$3,110$2,652$2,254$1,910$1,042
16 years$3,372$2,854$2,405$2,018$1,688$876
17 years$3,140$2,628$2,188$1,813$1,497$739
18 years$2,935$2,429$1,998$1,634$1,331$624
19 years$2,751$2,251$1,829$1,477$1,186$528
20 years$2,586$2,092$1,678$1,337$1,060$448
21 years$2,437$1,948$1,544$1,214$948$380
22 years$2,302$1,819$1,423$1,104$850$323
23 years$2,179$1,701$1,314$1,005$763$274
24 years$2,066$1,594$1,215$917$686$233
25 years$1,962$1,496$1,125$837$617$199
26 years$1,866$1,406$1,044$765$556$169
27 years$1,778$1,323$969$701$501$144
28 years$1,696$1,246$901$642$452$123
29 years$1,620$1,176$838$589$408$105
30 years$1,549$1,111$781$540$369$89
31 years$1,483$1,050$728$496$334$76
32 years$1,421$993$679$456$302$65
33 years$1,363$941$634$419$273$55
34 years$1,308$892$593$386$247$47
35 years$1,257$846$554$355$224$40
36 years$1,209$803$518$327$203$34
37 years$1,163$762$485$301$184$29
38 years$1,120$724$454$278$167$25
39 years$1,079$689$426$256$151$21
40 years$1,040$655$399$236$137$18
41 years$1,004$624$374$218$124$16
42 years$969$594$351$201$113$13
43 years$936$566$329$186$102$11
44 years$904$540$309$171$93$10
45 years$874$515$290$158$84$8
46 years$845$491$273$146$77$7
47 years$818$468$256$135$70$6
48 years$792$447$241$125$63$5
49 years$767$427$226$115$57$4
50 years$743$408$213$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $761,000, adding $4,979 every year, while hoping to spend $29,236 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: 28/46/26 Blend
50$761,000$761,000$761,000$761,000
51$843,758$803,425$791,629$860,446
52$898,714$811,686$787,042$882,325
53$958,296$819,372$781,321$902,939
54$1,022,945$826,423$774,398$924,490
55$1,093,145$832,778$766,200$947,077
56$1,169,431$838,369$756,653$970,812
57$1,252,388$843,124$745,676$995,821
58$1,342,663$846,968$733,187$1,022,244
59$1,440,965$849,820$719,099$1,050,237
60$1,548,077$851,595$703,322$1,079,977
61$1,664,858$852,201$685,761$1,111,660
62$1,792,256$851,540$666,316$1,145,504
63$1,931,312$849,512$644,884$1,181,753
64$2,083,173$846,006$621,355$1,220,679
65$2,249,103$840,906$595,617$1,262,587
66$2,430,491$834,090$567,550$1,307,813
67$2,628,868$825,427$537,029$1,356,733
68$2,845,920$814,780$503,927$1,409,767
69$3,083,501$802,002$468,105$1,467,380
70$3,343,655$786,937$429,424$1,530,089
71$3,628,632$769,421$387,734$1,598,469
72$3,940,911$749,281$342,882$1,673,161
73$4,283,220$726,332$294,705$1,754,873
74$4,658,565$700,379$243,034$1,844,395
75$5,070,257$671,216$187,694$1,942,599
76$5,521,942$638,625$128,500$2,050,458
77$6,017,636$602,373$65,261$2,169,047
78$6,561,763$562,218$0$2,299,560
79$7,159,197$517,900$0$2,443,936
80$7,815,305$469,147$0$2,622,387
81$8,536,001$415,670$0$2,818,472
82$9,327,799$357,164$0$3,034,055
83$10,197,876$293,306$0$3,271,193
84$11,154,138$223,757$0$3,532,161
85$12,205,295$148,156$0$3,819,474
86$13,360,944$66,125$0$4,135,908
87$14,631,656$0$0$4,484,531
88$16,029,080$0$0$4,880,242
89$17,566,047$0$0$5,352,420
90$19,256,699$0$0$5,871,953
91$21,116,613$0$0$6,443,646
92$23,162,954$0$0$7,072,794
93$25,414,634$0$0$7,765,230
94$27,892,490$0$0$8,527,381
95$30,619,483$0$0$9,366,329
96$33,620,910$0$0$10,289,879
97$36,924,648$0$0$11,306,628
98$40,561,411$0$0$12,426,052
99$44,565,043$0$0$13,658,591
100$48,972,837$0$0$15,015,749