Can I retire at age 51 with 764,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$63,090$62,528$61,980$61,445$60,922$59,353
2 years$31,233$30,651$30,087$29,541$29,011$27,440
3 years$20,615$20,031$19,469$18,927$18,406$16,883
4 years$15,307$14,725$14,168$13,636$13,127$11,664
5 years$12,123$11,544$10,995$10,474$9,979$8,579
6 years$10,001$9,427$8,886$8,376$7,896$6,562
7 years$8,486$7,917$7,384$6,886$6,422$5,152
8 years$7,351$6,786$6,262$5,777$5,327$4,122
9 years$6,468$5,908$5,394$4,920$4,486$3,345
10 years$5,762$5,208$4,702$4,242$3,823$2,743
11 years$5,185$4,636$4,140$3,691$3,288$2,269
12 years$4,704$4,161$3,674$3,238$2,849$1,889
13 years$4,298$3,761$3,282$2,859$2,484$1,581
14 years$3,950$3,418$2,949$2,537$2,178$1,329
15 years$3,648$3,123$2,663$2,263$1,917$1,121
16 years$3,385$2,865$2,414$2,026$1,695$948
17 years$3,153$2,639$2,197$1,821$1,503$804
18 years$2,946$2,438$2,005$1,641$1,336$684
19 years$2,762$2,260$1,836$1,483$1,191$582
20 years$2,597$2,100$1,685$1,343$1,064$496
21 years$2,447$1,956$1,550$1,219$952$424
22 years$2,311$1,826$1,428$1,108$853$362
23 years$2,187$1,708$1,319$1,009$766$310
24 years$2,074$1,600$1,220$920$688$265
25 years$1,970$1,501$1,130$840$619$227
26 years$1,874$1,411$1,048$769$558$195
27 years$1,785$1,328$973$703$503$167
28 years$1,703$1,251$904$644$454$143
29 years$1,626$1,181$842$591$410$123
30 years$1,555$1,115$784$542$370$105
31 years$1,489$1,054$731$498$335$91
32 years$1,427$997$682$458$303$78
33 years$1,368$944$637$421$274$67
34 years$1,313$895$595$387$248$57
35 years$1,262$849$556$357$225$49
36 years$1,213$806$520$328$204$42
37 years$1,168$765$487$303$185$36
38 years$1,124$727$456$279$167$31
39 years$1,083$692$427$257$152$27
40 years$1,045$658$400$237$138$23
41 years$1,008$626$376$219$125$20
42 years$973$597$352$202$113$17
43 years$939$568$331$186$103$15
44 years$908$542$310$172$93$13
45 years$878$517$291$159$85$11
46 years$849$493$274$147$77$9
47 years$821$470$257$136$70$8
48 years$795$449$242$125$63$7
49 years$770$429$227$116$58$6
50 years$746$410$213$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $764,000, adding $6,502 every year, while hoping to spend $50,867 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: 66/17/17 Blend
50$764,000$764,000$764,000$764,000
51$848,635$808,143$796,301$900,706
52$881,073$793,620$768,855$921,835
53$915,116$776,680$738,784$938,430
54$950,872$757,152$705,948$955,327
55$988,462$734,853$670,198$972,557
56$1,028,015$709,590$631,379$990,151
57$1,069,671$681,160$589,330$1,008,148
58$1,113,587$649,345$543,881$1,026,592
59$1,159,928$613,918$494,856$1,045,532
60$1,208,877$574,637$442,071$1,065,027
61$1,260,635$531,246$385,332$1,085,143
62$1,315,417$483,476$324,439$1,105,953
63$1,373,463$431,039$259,181$1,127,544
64$1,435,032$373,636$189,339$1,150,012
65$1,500,407$310,946$114,684$1,173,465
66$1,569,900$242,633$34,976$1,198,029
67$1,643,848$168,340$0$1,223,843
68$1,722,624$87,693$0$1,260,150
69$1,806,636$294$0$1,305,403
70$1,896,328$0$0$1,353,501
71$1,992,189$0$0$1,422,355
72$2,094,755$0$0$1,496,116
73$2,204,613$0$0$1,575,153
74$2,322,406$0$0$1,659,935
75$2,448,841$0$0$1,750,974
76$2,584,694$0$0$1,848,833
77$2,730,814$0$0$1,954,131
78$2,888,137$0$0$2,067,545
79$3,057,688$0$0$2,189,822
80$3,240,595$0$0$2,321,780
81$3,438,096$0$0$2,464,319
82$3,651,551$0$0$2,618,426
83$3,882,456$0$0$2,785,189
84$4,132,454$0$0$2,965,802
85$4,403,352$0$0$3,161,577
86$4,697,138$0$0$3,373,960
87$5,015,996$0$0$3,604,537
88$5,362,330$0$0$3,855,056
89$5,738,783$0$0$4,127,438
90$6,148,263$0$0$4,423,797
91$6,593,971$0$0$4,746,458
92$7,079,425$0$0$5,097,981
93$7,608,502$0$0$5,481,182
94$8,185,464$0$0$5,899,160
95$8,815,005$0$0$6,355,327
96$9,502,289$0$0$6,853,438
97$10,253,003$0$0$7,397,628
98$11,073,406$0$0$7,992,447
99$11,970,391$0$0$8,642,906
100$12,951,544$0$0$9,354,521