Can I retire at age 51 with 763,000?

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 $763,000?

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$63,008$62,447$61,899$61,365$60,843$58,942
2 years$31,192$30,611$30,048$29,502$28,973$27,075
3 years$20,588$20,005$19,443$18,902$18,381$16,546
4 years$15,287$14,706$14,150$13,618$13,110$11,351
5 years$12,107$11,529$10,981$10,460$9,966$8,288
6 years$9,988$9,415$8,874$8,365$7,886$6,290
7 years$8,475$7,906$7,374$6,877$6,413$4,900
8 years$7,341$6,777$6,254$5,769$5,320$3,888
9 years$6,459$5,901$5,387$4,914$4,480$3,128
10 years$5,754$5,201$4,696$4,236$3,818$2,543
11 years$5,178$4,630$4,134$3,687$3,283$2,084
12 years$4,698$4,156$3,669$3,234$2,845$1,719
13 years$4,292$3,756$3,278$2,855$2,481$1,425
14 years$3,944$3,414$2,945$2,534$2,175$1,187
15 years$3,643$3,119$2,659$2,260$1,915$991
16 years$3,380$2,861$2,411$2,024$1,692$830
17 years$3,148$2,635$2,194$1,818$1,501$697
18 years$2,943$2,435$2,003$1,639$1,334$586
19 years$2,759$2,257$1,834$1,481$1,189$494
20 years$2,593$2,097$1,683$1,341$1,062$417
21 years$2,444$1,953$1,548$1,217$951$352
22 years$2,308$1,823$1,426$1,107$852$298
23 years$2,184$1,705$1,317$1,008$765$252
24 years$2,071$1,598$1,218$919$688$213
25 years$1,967$1,499$1,128$839$619$180
26 years$1,871$1,409$1,046$767$557$153
27 years$1,783$1,326$972$703$502$130
28 years$1,701$1,250$903$644$453$110
29 years$1,624$1,179$841$590$409$93
30 years$1,553$1,113$783$542$370$79
31 years$1,487$1,053$730$497$334$67
32 years$1,425$996$681$457$302$57
33 years$1,366$943$636$420$274$48
34 years$1,312$894$594$387$248$41
35 years$1,260$848$555$356$224$35
36 years$1,212$805$520$328$203$30
37 years$1,166$764$486$302$184$25
38 years$1,123$726$455$279$167$21
39 years$1,082$691$427$257$152$18
40 years$1,043$657$400$237$137$15
41 years$1,006$626$375$219$125$13
42 years$971$596$352$202$113$11
43 years$938$568$330$186$103$9
44 years$907$541$310$172$93$8
45 years$876$516$291$159$85$7
46 years$848$492$273$147$77$6
47 years$820$470$257$135$70$5
48 years$794$448$241$125$63$4
49 years$769$428$227$116$58$4
50 years$745$409$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 $763,000, adding $2,278 every year, while hoping to spend $33,347 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: 79/5/16 Blend
50$763,000$763,000$763,000$763,000
51$843,176$802,737$790,910$906,733
52$893,699$806,590$781,925$952,777
53$948,257$809,514$771,521$998,807
54$1,007,228$811,429$759,615$1,048,379
55$1,071,025$812,248$746,122$1,101,836
56$1,140,102$811,881$730,949$1,159,553
57$1,214,960$810,231$714,004$1,221,946
58$1,296,148$807,195$695,185$1,289,472
59$1,384,272$802,663$674,390$1,362,633
60$1,479,995$796,521$651,510$1,441,984
61$1,584,049$788,646$626,430$1,528,139
62$1,697,240$778,907$599,033$1,621,769
63$1,820,452$767,167$569,194$1,723,620
64$1,954,659$753,280$536,784$1,834,510
65$2,100,935$737,090$501,666$1,955,341
66$2,260,457$718,435$463,699$2,087,109
67$2,434,526$697,140$422,735$2,230,912
68$2,624,570$673,022$378,619$2,387,957
69$2,832,162$645,887$331,189$2,559,579
70$3,059,036$615,528$280,277$2,747,247
71$3,307,097$581,729$225,706$2,952,580
72$3,578,446$544,258$167,292$3,177,365
73$3,875,394$502,874$104,843$3,423,568
74$4,200,487$457,318$38,158$3,693,361
75$4,556,529$407,318$0$3,989,135
76$4,946,606$352,588$0$4,319,160
77$5,374,118$292,823$0$4,688,028
78$5,842,809$227,702$0$5,092,459
79$6,356,804$156,888$0$5,536,026
80$6,920,644$80,022$0$6,022,663
81$7,539,332$0$0$6,556,707
82$8,218,379$0$0$7,143,113
83$8,963,855$0$0$7,791,743
84$9,782,447$0$0$8,504,014
85$10,681,520$0$0$9,286,339
86$11,669,187$0$0$10,145,780
87$12,754,389$0$0$11,090,120
88$13,946,972$0$0$12,127,930
89$15,257,785$0$0$13,268,656
90$16,698,780$0$0$14,522,702
91$18,283,125$0$0$15,901,531
92$20,025,326$0$0$17,417,771
93$21,941,367$0$0$19,085,339
94$24,048,859$0$0$20,919,563
95$26,367,203$0$0$22,937,335
96$28,917,777$0$0$25,157,265
97$31,724,135$0$0$27,599,858
98$34,812,229$0$0$30,287,707
99$38,210,654$0$0$33,245,705
100$41,950,917$0$0$36,501,282