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%19.5%
1 years$62,843$62,283$61,737$61,204$60,683$58,368
2 years$31,110$30,531$29,969$29,425$28,897$26,591
3 years$20,534$19,952$19,392$18,853$18,333$16,110
4 years$15,247$14,667$14,112$13,582$13,075$10,952
5 years$12,076$11,499$10,952$10,433$9,940$7,921
6 years$9,962$9,390$8,851$8,343$7,865$5,952
7 years$8,453$7,886$7,355$6,859$6,396$4,589
8 years$7,322$6,759$6,238$5,754$5,306$3,603
9 years$6,442$5,885$5,372$4,901$4,469$2,867
10 years$5,739$5,188$4,684$4,225$3,808$2,305
11 years$5,164$4,618$4,124$3,677$3,275$1,867
12 years$4,686$4,145$3,660$3,225$2,838$1,522
13 years$4,281$3,746$3,270$2,847$2,475$1,246
14 years$3,934$3,405$2,938$2,528$2,169$1,024
15 years$3,634$3,110$2,652$2,254$1,910$845
16 years$3,372$2,854$2,405$2,018$1,688$699
17 years$3,140$2,628$2,188$1,813$1,497$579
18 years$2,935$2,429$1,998$1,634$1,331$480
19 years$2,751$2,251$1,829$1,477$1,186$399
20 years$2,586$2,092$1,678$1,337$1,060$332
21 years$2,437$1,948$1,544$1,214$948$277
22 years$2,302$1,819$1,423$1,104$850$231
23 years$2,179$1,701$1,314$1,005$763$192
24 years$2,066$1,594$1,215$917$686$160
25 years$1,962$1,496$1,125$837$617$134
26 years$1,866$1,406$1,044$765$556$112
27 years$1,778$1,323$969$701$501$94
28 years$1,696$1,246$901$642$452$78
29 years$1,620$1,176$838$589$408$65
30 years$1,549$1,111$781$540$369$55
31 years$1,483$1,050$728$496$334$46
32 years$1,421$993$679$456$302$38
33 years$1,363$941$634$419$273$32
34 years$1,308$892$593$386$247$27
35 years$1,257$846$554$355$224$22
36 years$1,209$803$518$327$203$19
37 years$1,163$762$485$301$184$16
38 years$1,120$724$454$278$167$13
39 years$1,079$689$426$256$151$11
40 years$1,040$655$399$236$137$9
41 years$1,004$624$374$218$124$8
42 years$969$594$351$201$113$6
43 years$936$566$329$186$102$5
44 years$904$540$309$171$93$4
45 years$874$515$290$158$84$4
46 years$845$491$273$146$77$3
47 years$818$468$256$135$70$3
48 years$792$447$241$125$63$2
49 years$767$427$226$115$57$2
50 years$743$408$213$107$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $761,000, adding $5,048 every year, while hoping to spend $32,756 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: 71/19/10 Blend
50$761,000$761,000$761,000$761,000
51$843,829$803,496$791,701$901,753
52$895,047$808,015$783,370$945,275
53$950,392$811,658$773,663$988,394
54$1,010,250$814,347$762,499$1,034,706
55$1,075,045$815,999$749,792$1,084,519
56$1,145,244$816,528$735,454$1,138,170
57$1,221,361$815,840$719,394$1,196,034
58$1,303,959$813,835$701,513$1,258,523
59$1,393,661$810,411$681,712$1,326,090
60$1,491,147$805,454$659,882$1,399,238
61$1,597,171$798,848$635,915$1,478,518
62$1,712,557$790,467$609,693$1,564,542
63$1,838,216$780,177$581,096$1,657,981
64$1,975,148$767,840$549,996$1,759,578
65$2,124,454$753,305$516,262$1,870,150
66$2,287,346$736,415$479,755$1,990,601
67$2,465,159$717,003$440,330$2,121,925
68$2,659,360$694,891$397,836$2,265,222
69$2,871,567$669,892$352,115$2,421,702
70$3,103,558$641,809$303,003$2,592,703
71$3,357,295$610,431$250,327$2,779,696
72$3,634,933$575,536$193,907$2,984,308
73$3,938,849$536,890$133,556$3,208,332
74$4,271,659$494,245$69,077$3,453,745
75$4,636,243$447,338$266$3,722,727
76$5,035,774$395,892$0$4,017,684
77$5,473,747$339,614$0$4,349,075
78$5,954,009$278,195$0$4,712,557
79$6,480,799$211,308$0$5,111,351
80$7,058,785$138,607$0$5,549,043
81$7,693,109$59,727$0$6,029,581
82$8,389,436$0$0$6,557,322
83$9,154,005$0$0$7,142,443
84$9,993,688$0$0$7,798,803
85$10,916,057$0$0$8,519,839
86$11,929,453$0$0$9,312,075
87$13,043,063$0$0$10,182,701
88$14,267,011$0$0$11,139,635
89$15,612,450$0$0$12,191,603
90$17,091,664$0$0$13,348,217
91$18,718,190$0$0$14,620,068
92$20,506,942$0$0$16,018,823
93$22,474,351$0$0$17,557,337
94$24,638,521$0$0$19,249,774
95$27,019,396$0$0$21,111,741
96$29,638,956$0$0$23,160,430
97$32,521,413$0$0$25,414,787
98$35,693,448$0$0$27,895,686
99$39,184,458$0$0$30,626,128
100$43,026,836$0$0$33,631,454