Can I retire at age 51 with 765,000?

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 $765,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$63,173$62,610$62,061$61,525$61,002$60,066
2 years$31,274$30,691$30,127$29,580$29,049$28,108
3 years$20,642$20,057$19,494$18,952$18,430$17,513
4 years$15,327$14,744$14,187$13,654$13,144$12,259
5 years$12,139$11,560$11,009$10,487$9,992$9,141
6 years$10,015$9,439$8,897$8,387$7,906$7,091
7 years$8,498$7,927$7,394$6,895$6,430$5,650
8 years$7,360$6,795$6,270$5,784$5,334$4,589
9 years$6,476$5,916$5,401$4,927$4,492$3,782
10 years$5,769$5,215$4,708$4,247$3,828$3,152
11 years$5,191$4,642$4,145$3,696$3,292$2,650
12 years$4,710$4,167$3,679$3,242$2,853$2,243
13 years$4,303$3,766$3,287$2,862$2,488$1,910
14 years$3,955$3,423$2,953$2,541$2,181$1,635
15 years$3,653$3,127$2,666$2,266$1,920$1,404
16 years$3,389$2,869$2,417$2,029$1,697$1,210
17 years$3,157$2,642$2,200$1,823$1,505$1,046
18 years$2,950$2,441$2,008$1,643$1,338$906
19 years$2,766$2,263$1,838$1,484$1,192$786
20 years$2,600$2,103$1,687$1,344$1,065$684
21 years$2,450$1,958$1,552$1,220$953$595
22 years$2,314$1,828$1,430$1,109$854$519
23 years$2,190$1,710$1,321$1,010$767$453
24 years$2,077$1,602$1,221$922$689$396
25 years$1,972$1,503$1,131$842$620$346
26 years$1,876$1,413$1,049$770$559$303
27 years$1,787$1,330$974$704$504$265
28 years$1,705$1,253$906$645$455$232
29 years$1,628$1,182$843$592$410$204
30 years$1,557$1,116$785$543$371$179
31 years$1,491$1,055$732$499$335$157
32 years$1,428$999$683$458$303$137
33 years$1,370$946$638$422$274$121
34 years$1,315$896$596$388$249$106
35 years$1,264$850$557$357$225$93
36 years$1,215$807$521$329$204$82
37 years$1,169$766$488$303$185$72
38 years$1,126$728$457$279$168$63
39 years$1,085$693$428$257$152$55
40 years$1,046$659$401$237$138$49
41 years$1,009$627$376$219$125$43
42 years$974$597$353$202$113$38
43 years$941$569$331$187$103$33
44 years$909$542$311$172$93$29
45 years$879$517$292$159$85$26
46 years$850$493$274$147$77$22
47 years$822$471$257$136$70$20
48 years$796$450$242$126$64$17
49 years$771$429$227$116$58$15
50 years$747$410$214$107$52$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $765,000, adding $3,026 every year, while hoping to spend $55,942 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: 42/35/23 Blend
50$765,000$765,000$765,000$765,000
51$846,151$805,606$793,749$875,878
52$872,937$785,559$760,818$877,328
53$900,580$762,655$724,908$873,304
54$929,108$736,694$685,862$867,826
55$958,551$707,466$643,512$860,791
56$988,940$674,749$597,687$852,090
57$1,020,306$638,305$548,203$841,608
58$1,052,682$597,887$494,872$829,224
59$1,086,101$553,229$437,497$814,811
60$1,120,600$504,054$375,869$798,232
61$1,156,215$450,066$309,775$779,346
62$1,192,984$390,955$238,987$758,003
63$1,230,947$326,390$163,271$734,043
64$1,270,144$256,024$82,382$707,301
65$1,310,620$179,490$0$677,601
66$1,352,418$96,400$0$645,725
67$1,395,585$6,344$0$632,148
68$1,440,169$0$0$616,496
69$1,486,222$0$0$633,713
70$1,533,795$0$0$654,025
71$1,582,944$0$0$675,013
72$1,633,726$0$0$696,702
73$1,686,202$0$0$719,117
74$1,740,434$0$0$742,286
75$1,796,488$0$0$766,238
76$1,854,434$0$0$791,002
77$1,914,343$0$0$816,610
78$1,976,292$0$0$843,096
79$2,040,360$0$0$870,493
80$2,106,631$0$0$898,840
81$2,175,194$0$0$928,173
82$2,246,142$0$0$958,535
83$2,319,572$0$0$989,968
84$2,395,588$0$0$1,022,517
85$2,474,300$0$0$1,056,230
86$2,555,822$0$0$1,091,160
87$2,640,278$0$0$1,127,358
88$2,727,797$0$0$1,164,883
89$2,818,516$0$0$1,203,796
90$2,912,582$0$0$1,244,161
91$3,010,150$0$0$1,286,046
92$3,111,385$0$0$1,329,526
93$3,216,464$0$0$1,374,678
94$3,325,573$0$0$1,421,586
95$3,438,914$0$0$1,470,340
96$3,556,701$0$0$1,521,035
97$3,679,164$0$0$1,573,773
98$3,806,547$0$0$1,628,665
99$3,939,115$0$0$1,685,828
100$4,077,151$0$0$1,745,390