Can I retire at age 51 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$62,925$62,365$61,818$61,284$60,763$58,560
2 years$31,151$30,571$30,009$29,464$28,935$26,740
3 years$20,561$19,978$19,418$18,878$18,357$16,239
4 years$15,267$14,686$14,131$13,600$13,093$11,067
5 years$12,092$11,514$10,966$10,446$9,953$8,026
6 years$9,975$9,402$8,862$8,354$7,875$6,048
7 years$8,464$7,896$7,365$6,868$6,405$4,676
8 years$7,331$6,768$6,246$5,762$5,313$3,683
9 years$6,451$5,893$5,380$4,908$4,475$2,939
10 years$5,747$5,194$4,690$4,230$3,813$2,370
11 years$5,171$4,624$4,129$3,682$3,279$1,926
12 years$4,692$4,151$3,664$3,229$2,841$1,575
13 years$4,286$3,751$3,274$2,851$2,478$1,294
14 years$3,939$3,409$2,942$2,531$2,172$1,068
15 years$3,639$3,115$2,656$2,257$1,912$884
16 years$3,376$2,858$2,408$2,021$1,690$733
17 years$3,144$2,632$2,191$1,816$1,499$610
18 years$2,939$2,432$2,000$1,636$1,333$508
19 years$2,755$2,254$1,831$1,479$1,188$424
20 years$2,590$2,094$1,680$1,339$1,061$354
21 years$2,441$1,951$1,546$1,215$949$296
22 years$2,305$1,821$1,425$1,105$851$248
23 years$2,181$1,703$1,315$1,006$764$207
24 years$2,068$1,596$1,217$918$687$174
25 years$1,965$1,497$1,127$838$618$146
26 years$1,869$1,407$1,045$766$557$122
27 years$1,780$1,325$970$702$502$102
28 years$1,698$1,248$902$643$453$86
29 years$1,622$1,177$839$589$409$72
30 years$1,551$1,112$782$541$369$61
31 years$1,485$1,051$729$497$334$51
32 years$1,423$995$680$457$302$43
33 years$1,365$942$635$420$273$36
34 years$1,310$893$593$386$248$30
35 years$1,259$847$555$356$224$25
36 years$1,210$804$519$328$203$21
37 years$1,165$763$486$302$184$18
38 years$1,121$725$455$278$167$15
39 years$1,080$690$426$256$151$13
40 years$1,042$656$399$237$137$11
41 years$1,005$625$375$218$125$9
42 years$970$595$351$201$113$7
43 years$937$567$330$186$103$6
44 years$905$540$309$172$93$5
45 years$875$515$291$159$85$4
46 years$847$492$273$146$77$4
47 years$819$469$256$135$70$3
48 years$793$448$241$125$63$3
49 years$768$428$226$116$57$2
50 years$744$409$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 $762,000, adding $3,569 every year, while hoping to spend $55,004 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: 36/48/16 Blend
50$762,000$762,000$762,000$762,000
51$843,405$803,019$791,208$869,525
52$870,909$783,844$759,190$869,567
53$899,374$761,885$724,256$864,147
54$928,842$736,948$686,249$857,121
55$959,353$708,828$645,008$848,376
56$990,953$677,307$600,362$837,791
57$1,023,690$642,154$552,134$825,240
58$1,057,613$603,127$500,137$810,590
59$1,092,776$559,966$444,178$793,699
60$1,129,235$512,400$384,053$774,421
61$1,167,049$460,141$319,552$752,598
62$1,206,284$402,883$250,453$728,067
63$1,247,008$340,307$176,525$700,654
64$1,289,291$272,071$97,528$670,178
65$1,333,214$197,817$13,210$636,447
66$1,378,857$117,165$0$599,260
67$1,426,310$29,716$0$571,511
68$1,475,667$0$0$543,132
69$1,527,032$0$0$545,986
70$1,580,512$0$0$565,319
71$1,636,225$0$0$585,478
72$1,694,298$0$0$606,512
73$1,754,866$0$0$628,472
74$1,818,076$0$0$651,416
75$1,884,087$0$0$675,403
76$1,953,068$0$0$700,500
77$2,025,205$0$0$726,777
78$2,100,697$0$0$754,311
79$2,179,761$0$0$783,186
80$2,262,629$0$0$813,493
81$2,349,557$0$0$845,328
82$2,440,820$0$0$878,801
83$2,536,718$0$0$914,025
84$2,637,576$0$0$951,129
85$2,743,747$0$0$990,249
86$2,855,618$0$0$1,031,535
87$2,973,608$0$0$1,075,152
88$3,098,175$0$0$1,121,277
89$3,229,817$0$0$1,170,105
90$3,369,079$0$0$1,221,850
91$3,516,555$0$0$1,276,742
92$3,672,894$0$0$1,335,037
93$3,838,806$0$0$1,397,012
94$4,015,066$0$0$1,462,972
95$4,202,522$0$0$1,533,248
96$4,402,104$0$0$1,608,206
97$4,614,827$0$0$1,688,244
98$4,841,805$0$0$1,773,800
99$5,084,256$0$0$1,865,354
100$5,343,519$0$0$1,963,431