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%19.1%
1 years$63,008$62,447$61,899$61,365$60,843$58,614
2 years$31,192$30,611$30,048$29,502$28,973$26,752
3 years$20,588$20,005$19,443$18,902$18,381$16,239
4 years$15,287$14,706$14,150$13,618$13,110$11,062
5 years$12,107$11,529$10,981$10,460$9,966$8,017
6 years$9,988$9,415$8,874$8,365$7,886$6,038
7 years$8,475$7,906$7,374$6,877$6,413$4,666
8 years$7,341$6,777$6,254$5,769$5,320$3,672
9 years$6,459$5,901$5,387$4,914$4,480$2,929
10 years$5,754$5,201$4,696$4,236$3,818$2,361
11 years$5,178$4,630$4,134$3,687$3,283$1,917
12 years$4,698$4,156$3,669$3,234$2,845$1,567
13 years$4,292$3,756$3,278$2,855$2,481$1,287
14 years$3,944$3,414$2,945$2,534$2,175$1,061
15 years$3,643$3,119$2,659$2,260$1,915$877
16 years$3,380$2,861$2,411$2,024$1,692$727
17 years$3,148$2,635$2,194$1,818$1,501$604
18 years$2,943$2,435$2,003$1,639$1,334$503
19 years$2,759$2,257$1,834$1,481$1,189$419
20 years$2,593$2,097$1,683$1,341$1,062$350
21 years$2,444$1,953$1,548$1,217$951$292
22 years$2,308$1,823$1,426$1,107$852$245
23 years$2,184$1,705$1,317$1,008$765$205
24 years$2,071$1,598$1,218$919$688$171
25 years$1,967$1,499$1,128$839$619$143
26 years$1,871$1,409$1,046$767$557$120
27 years$1,783$1,326$972$703$502$101
28 years$1,701$1,250$903$644$453$84
29 years$1,624$1,179$841$590$409$71
30 years$1,553$1,113$783$542$370$59
31 years$1,487$1,053$730$497$334$50
32 years$1,425$996$681$457$302$42
33 years$1,366$943$636$420$274$35
34 years$1,312$894$594$387$248$29
35 years$1,260$848$555$356$224$25
36 years$1,212$805$520$328$203$21
37 years$1,166$764$486$302$184$17
38 years$1,123$726$455$279$167$15
39 years$1,082$691$427$257$152$12
40 years$1,043$657$400$237$137$10
41 years$1,006$626$375$219$125$9
42 years$971$596$352$202$113$7
43 years$938$568$330$186$103$6
44 years$907$541$310$172$93$5
45 years$876$516$291$159$85$4
46 years$848$492$273$147$77$4
47 years$820$470$257$135$70$3
48 years$794$448$241$125$63$3
49 years$769$428$227$116$58$2
50 years$745$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 $763,000, adding $3,103 every year, while hoping to spend $37,706 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: 78/16/6 Blend
50$763,000$763,000$763,000$763,000
51$844,027$803,588$791,761$909,177
52$889,999$802,845$778,166$951,598
53$939,396$800,801$762,852$992,878
54$992,528$797,354$745,722$1,037,024
55$1,049,735$792,394$726,673$1,084,303
56$1,111,390$785,804$705,598$1,135,011
57$1,177,904$777,460$682,387$1,189,471
58$1,249,726$767,231$656,923$1,248,043
59$1,327,351$754,979$629,084$1,311,120
60$1,411,325$740,556$598,742$1,379,138
61$1,502,243$723,807$565,763$1,452,577
62$1,600,766$704,567$530,009$1,531,966
63$1,707,614$682,661$491,335$1,617,887
64$1,823,583$657,904$449,587$1,710,984
65$1,949,547$630,100$404,607$1,811,966
66$2,086,468$599,042$356,229$1,921,615
67$2,235,405$564,512$304,279$2,040,792
68$2,397,520$526,277$248,577$2,170,449
69$2,574,096$484,094$188,933$2,311,633
70$2,766,541$437,702$125,150$2,465,501
71$2,976,407$386,828$57,021$2,633,328
72$3,205,402$331,184$0$2,816,520
73$3,455,404$270,463$0$3,017,630
74$3,728,482$204,343$0$3,241,326
75$4,026,914$132,482$0$3,485,854
76$4,353,208$54,522$0$3,753,308
77$4,710,122$0$0$4,045,998
78$5,100,699$0$0$4,371,737
79$5,528,283$0$0$4,738,874
80$5,996,561$0$0$5,140,977
81$6,509,592$0$0$5,581,535
82$7,071,846$0$0$6,064,390
83$7,688,246$0$0$6,593,772
84$8,364,213$0$0$7,174,342
85$9,105,719$0$0$7,811,232
86$9,919,342$0$0$8,510,096
87$10,812,327$0$0$9,277,161
88$11,792,654$0$0$10,119,286
89$12,869,116$0$0$11,044,027
90$14,051,395$0$0$12,059,708
91$15,350,160$0$0$13,175,497
92$16,777,163$0$0$14,401,497
93$18,345,351$0$0$15,748,835
94$20,068,986$0$0$17,229,770
95$21,963,784$0$0$18,857,810
96$24,047,056$0$0$20,647,833
97$26,337,874$0$0$22,616,234
98$28,857,254$0$0$24,781,076
99$31,628,347$0$0$27,162,258
100$34,676,663$0$0$29,781,705