Can I retire at age 51 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$63,256$62,692$62,142$61,606$61,082$60,419
2 years$31,315$30,731$30,166$29,618$29,087$28,419
3 years$20,669$20,083$19,520$18,977$18,454$17,802
4 years$15,347$14,763$14,205$13,672$13,161$12,531
5 years$12,155$11,575$11,024$10,501$10,005$9,398
6 years$10,028$9,452$8,909$8,398$7,917$7,333
7 years$8,509$7,937$7,403$6,904$6,438$5,879
8 years$7,370$6,804$6,279$5,792$5,341$4,806
9 years$6,485$5,924$5,408$4,933$4,498$3,986
10 years$5,777$5,222$4,715$4,253$3,833$3,344
11 years$5,198$4,649$4,151$3,701$3,296$2,831
12 years$4,716$4,172$3,684$3,246$2,856$2,414
13 years$4,309$3,771$3,291$2,866$2,491$2,070
14 years$3,960$3,427$2,957$2,544$2,183$1,784
15 years$3,658$3,131$2,670$2,269$1,922$1,544
16 years$3,394$2,873$2,421$2,032$1,699$1,341
17 years$3,161$2,646$2,203$1,825$1,507$1,168
18 years$2,954$2,445$2,011$1,645$1,340$1,020
19 years$2,769$2,266$1,841$1,486$1,194$892
20 years$2,603$2,105$1,689$1,346$1,066$782
21 years$2,453$1,961$1,554$1,222$954$687
22 years$2,317$1,831$1,432$1,111$855$604
23 years$2,193$1,712$1,322$1,012$768$531
24 years$2,079$1,604$1,223$923$690$468
25 years$1,975$1,505$1,133$843$621$413
26 years$1,879$1,415$1,050$771$559$365
27 years$1,790$1,331$975$705$504$322
28 years$1,707$1,255$907$646$455$285
29 years$1,631$1,184$844$593$411$252
30 years$1,559$1,118$786$544$371$223
31 years$1,493$1,057$733$499$336$197
32 years$1,430$1,000$684$459$304$175
33 years$1,372$947$638$422$275$155
34 years$1,317$897$596$388$249$137
35 years$1,265$851$558$358$225$121
36 years$1,217$808$522$329$204$108
37 years$1,171$767$488$303$185$96
38 years$1,127$729$457$280$168$85
39 years$1,086$693$428$258$152$75
40 years$1,047$660$402$238$138$67
41 years$1,010$628$377$219$125$59
42 years$975$598$353$202$114$52
43 years$942$570$331$187$103$47
44 years$910$543$311$173$94$41
45 years$880$518$292$159$85$37
46 years$851$494$274$147$77$33
47 years$823$472$258$136$70$29
48 years$797$450$242$126$64$26
49 years$772$430$228$116$58$23
50 years$748$411$214$107$52$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $766,000, adding $2,359 every year, while hoping to spend $50,450 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: 73/10/17 Blend
50$766,000$766,000$766,000$766,000
51$846,565$805,967$794,094$904,885
52$879,237$791,781$767,018$929,695
53$913,549$775,209$737,344$950,490
54$949,618$756,081$704,931$971,953
55$987,567$734,217$669,634$994,139
56$1,027,530$709,425$631,299$1,017,110
57$1,069,656$681,504$589,765$1,040,935
58$1,114,104$650,241$544,865$1,065,692
59$1,161,049$615,409$496,424$1,091,466
60$1,210,681$576,770$444,260$1,118,353
61$1,263,209$534,070$388,181$1,146,462
62$1,318,860$487,043$327,989$1,175,912
63$1,377,881$435,406$263,474$1,206,837
64$1,440,544$378,860$194,419$1,239,385
65$1,507,146$317,090$120,598$1,273,722
66$1,578,010$249,763$41,774$1,310,033
67$1,653,492$176,526$0$1,348,524
68$1,733,981$97,009$0$1,397,103
69$1,819,903$10,817$0$1,456,930
70$1,911,723$0$0$1,520,752
71$2,009,955$0$0$1,598,007
72$2,115,158$0$0$1,682,043
73$2,227,947$0$0$1,772,163
74$2,348,999$0$0$1,868,909
75$2,479,052$0$0$1,972,877
76$2,618,919$0$0$2,084,721
77$2,769,494$0$0$2,205,156
78$2,931,756$0$0$2,334,972
79$3,106,782$0$0$2,475,032
80$3,295,754$0$0$2,626,289
81$3,499,971$0$0$2,789,785
82$3,720,862$0$0$2,966,671
83$3,959,997$0$0$3,158,207
84$4,219,102$0$0$3,365,781
85$4,500,073$0$0$3,590,919
86$4,804,998$0$0$3,835,299
87$5,136,171$0$0$4,100,766
88$5,496,118$0$0$4,389,350
89$5,887,615$0$0$4,703,284
90$6,313,718$0$0$5,045,025
91$6,777,789$0$0$5,417,277
92$7,283,527$0$0$5,823,015
93$7,835,005$0$0$6,265,513
94$8,436,702$0$0$6,748,376
95$9,093,553$0$0$7,275,569
96$9,810,986$0$0$7,851,461
97$10,594,978$0$0$8,480,857
98$11,452,111$0$0$9,169,051
99$12,389,629$0$0$9,921,870
100$13,415,511$0$0$10,745,730