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%16.9%
1 years$63,173$62,610$62,061$61,525$61,002$59,287
2 years$31,274$30,691$30,127$29,580$29,049$27,334
3 years$20,642$20,057$19,494$18,952$18,430$16,769
4 years$15,327$14,744$14,187$13,654$13,144$11,550
5 years$12,139$11,560$11,009$10,487$9,992$8,469
6 years$10,015$9,439$8,897$8,387$7,906$6,456
7 years$8,498$7,927$7,394$6,895$6,430$5,052
8 years$7,360$6,795$6,270$5,784$5,334$4,028
9 years$6,476$5,916$5,401$4,927$4,492$3,256
10 years$5,769$5,215$4,708$4,247$3,828$2,661
11 years$5,191$4,642$4,145$3,696$3,292$2,192
12 years$4,710$4,167$3,679$3,242$2,853$1,817
13 years$4,303$3,766$3,287$2,862$2,488$1,515
14 years$3,955$3,423$2,953$2,541$2,181$1,268
15 years$3,653$3,127$2,666$2,266$1,920$1,065
16 years$3,389$2,869$2,417$2,029$1,697$898
17 years$3,157$2,642$2,200$1,823$1,505$758
18 years$2,950$2,441$2,008$1,643$1,338$641
19 years$2,766$2,263$1,838$1,484$1,192$544
20 years$2,600$2,103$1,687$1,344$1,065$461
21 years$2,450$1,958$1,552$1,220$953$392
22 years$2,314$1,828$1,430$1,109$854$334
23 years$2,190$1,710$1,321$1,010$767$284
24 years$2,077$1,602$1,221$922$689$242
25 years$1,972$1,503$1,131$842$620$206
26 years$1,876$1,413$1,049$770$559$176
27 years$1,787$1,330$974$704$504$150
28 years$1,705$1,253$906$645$455$128
29 years$1,628$1,182$843$592$410$109
30 years$1,557$1,116$785$543$371$93
31 years$1,491$1,055$732$499$335$80
32 years$1,428$999$683$458$303$68
33 years$1,370$946$638$422$274$58
34 years$1,315$896$596$388$249$50
35 years$1,264$850$557$357$225$43
36 years$1,215$807$521$329$204$36
37 years$1,169$766$488$303$185$31
38 years$1,126$728$457$279$168$27
39 years$1,085$693$428$257$152$23
40 years$1,046$659$401$237$138$19
41 years$1,009$627$376$219$125$17
42 years$974$597$353$202$113$14
43 years$941$569$331$187$103$12
44 years$909$542$311$172$93$10
45 years$879$517$292$159$85$9
46 years$850$493$274$147$77$8
47 years$822$471$257$136$70$7
48 years$796$450$242$126$64$6
49 years$771$429$227$116$58$5
50 years$747$410$214$107$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $765,000, adding $5,935 every year, while hoping to spend $46,040 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: 53/30/17 Blend
50$765,000$765,000$765,000$765,000
51$849,152$808,607$796,749$889,953
52$886,779$799,242$774,454$909,169
53$926,701$787,876$749,869$924,704
54$969,104$774,361$722,869$940,591
55$1,014,190$758,542$693,322$956,877
56$1,062,181$740,254$661,092$973,615
57$1,113,320$719,324$626,036$990,867
58$1,167,874$695,565$588,003$1,008,705
59$1,226,133$668,784$546,837$1,027,210
60$1,288,418$638,774$502,375$1,046,475
61$1,355,078$605,315$454,447$1,066,605
62$1,426,498$568,177$402,872$1,087,722
63$1,503,098$527,116$347,466$1,109,961
64$1,585,341$481,871$288,033$1,133,477
65$1,673,734$432,171$224,370$1,158,445
66$1,768,834$377,726$156,266$1,185,061
67$1,871,252$318,232$83,497$1,213,549
68$1,981,659$253,365$5,834$1,244,157
69$2,100,794$182,785$0$1,277,169
70$2,229,465$106,132$0$1,326,874
71$2,368,565$23,027$0$1,381,691
72$2,519,071$0$0$1,441,004
73$2,682,060$0$0$1,527,404
74$2,858,714$0$0$1,629,349
75$3,050,333$0$0$1,739,996
76$3,258,349$0$0$1,860,180
77$3,484,334$0$0$1,990,818
78$3,730,019$0$0$2,132,919
79$3,997,308$0$0$2,287,595
80$4,288,296$0$0$2,456,066
81$4,605,287$0$0$2,639,678
82$4,950,818$0$0$2,839,911
83$5,327,680$0$0$3,058,394
84$5,738,947$0$0$3,296,920
85$6,188,000$0$0$3,557,462
86$6,678,562$0$0$3,842,194
87$7,214,732$0$0$4,153,507
88$7,801,023$0$0$4,494,036
89$8,442,402$0$0$4,866,680
90$9,144,342$0$0$5,274,632
91$9,912,864$0$0$5,721,410
92$10,754,604$0$0$6,210,885
93$11,676,866$0$0$6,747,322
94$12,687,695$0$0$7,335,418
95$13,795,952$0$0$7,980,345
96$15,011,396$0$0$8,687,802
97$16,344,775$0$0$9,464,063
98$17,807,929$0$0$10,316,042
99$19,413,898$0$0$11,251,351
100$21,177,047$0$0$12,278,378