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%14.3%
1 years$62,925$62,365$61,818$61,284$60,763$59,683
2 years$31,151$30,571$30,009$29,464$28,935$27,850
3 years$20,561$19,978$19,418$18,878$18,357$17,302
4 years$15,267$14,686$14,131$13,600$13,093$12,075
5 years$12,092$11,514$10,966$10,446$9,953$8,975
6 years$9,975$9,402$8,862$8,354$7,875$6,940
7 years$8,464$7,896$7,365$6,868$6,405$5,511
8 years$7,331$6,768$6,246$5,762$5,313$4,461
9 years$6,451$5,893$5,380$4,908$4,475$3,663
10 years$5,747$5,194$4,690$4,230$3,813$3,042
11 years$5,171$4,624$4,129$3,682$3,279$2,548
12 years$4,692$4,151$3,664$3,229$2,841$2,149
13 years$4,286$3,751$3,274$2,851$2,478$1,822
14 years$3,939$3,409$2,942$2,531$2,172$1,553
15 years$3,639$3,115$2,656$2,257$1,912$1,328
16 years$3,376$2,858$2,408$2,021$1,690$1,140
17 years$3,144$2,632$2,191$1,816$1,499$981
18 years$2,939$2,432$2,000$1,636$1,333$846
19 years$2,755$2,254$1,831$1,479$1,188$731
20 years$2,590$2,094$1,680$1,339$1,061$633
21 years$2,441$1,951$1,546$1,215$949$549
22 years$2,305$1,821$1,425$1,105$851$476
23 years$2,181$1,703$1,315$1,006$764$414
24 years$2,068$1,596$1,217$918$687$360
25 years$1,965$1,497$1,127$838$618$313
26 years$1,869$1,407$1,045$766$557$273
27 years$1,780$1,325$970$702$502$238
28 years$1,698$1,248$902$643$453$207
29 years$1,622$1,177$839$589$409$181
30 years$1,551$1,112$782$541$369$158
31 years$1,485$1,051$729$497$334$138
32 years$1,423$995$680$457$302$120
33 years$1,365$942$635$420$273$105
34 years$1,310$893$593$386$248$92
35 years$1,259$847$555$356$224$80
36 years$1,210$804$519$328$203$70
37 years$1,165$763$486$302$184$61
38 years$1,121$725$455$278$167$53
39 years$1,080$690$426$256$151$47
40 years$1,042$656$399$237$137$41
41 years$1,005$625$375$218$125$36
42 years$970$595$351$201$113$31
43 years$937$567$330$186$103$27
44 years$905$540$309$172$93$24
45 years$875$515$291$159$85$21
46 years$847$492$273$146$77$18
47 years$819$469$256$135$70$16
48 years$793$448$241$125$63$14
49 years$768$428$226$116$57$12
50 years$744$409$213$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $762,000, adding $4,154 every year, while hoping to spend $40,520 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: 52/32/16 Blend
50$762,000$762,000$762,000$762,000
51$844,009$803,623$791,812$884,028
52$886,985$799,887$775,225$908,169
53$932,986$794,611$756,724$929,800
54$982,279$787,675$736,202$952,428
55$1,035,155$778,954$713,548$976,162
56$1,091,933$768,316$688,644$1,001,119
57$1,152,965$755,618$661,369$1,027,435
58$1,218,637$740,713$631,595$1,055,258
59$1,289,372$723,442$599,187$1,084,756
60$1,365,634$703,636$564,006$1,116,117
61$1,447,935$681,120$525,906$1,149,549
62$1,536,834$655,706$484,734$1,185,286
63$1,632,950$627,194$440,331$1,223,588
64$1,736,959$595,375$392,530$1,264,745
65$1,849,607$560,026$341,158$1,309,082
66$1,971,713$520,913$286,032$1,356,959
67$2,104,176$477,787$226,964$1,408,777
68$2,247,989$430,385$163,754$1,464,983
69$2,404,240$378,430$96,195$1,526,075
70$2,574,127$321,628$24,073$1,592,604
71$2,758,970$259,669$0$1,665,186
72$2,960,218$192,227$0$1,753,533
73$3,179,469$118,954$0$1,854,345
74$3,418,478$39,486$0$1,964,394
75$3,679,180$0$0$2,084,656
76$3,963,701$0$0$2,232,611
77$4,274,385$0$0$2,409,425
78$4,613,810$0$0$2,602,670
79$4,984,815$0$0$2,813,971
80$5,390,524$0$0$3,045,120
81$5,834,380$0$0$3,298,085
82$6,320,170$0$0$3,575,037
83$6,852,068$0$0$3,878,365
84$7,434,667$0$0$4,210,701
85$8,073,028$0$0$4,574,943
86$8,772,722$0$0$4,974,282
87$9,539,887$0$0$5,412,234
88$10,381,281$0$0$5,892,670
89$11,304,350$0$0$6,419,854
90$12,317,293$0$0$6,998,485
91$13,429,144$0$0$7,633,735
92$14,649,851$0$0$8,331,306
93$15,990,375$0$0$9,097,475
94$17,462,788$0$0$9,939,159
95$19,080,392$0$0$10,863,977
96$20,857,838$0$0$11,880,324
97$22,811,268$0$0$12,997,448
98$24,958,464$0$0$14,225,537
99$27,319,019$0$0$15,575,814
100$29,914,516$0$0$17,060,646