Can I retire at age 51 with 766,000?

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 $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%14.4%
1 years$63,256$62,692$62,142$61,606$61,082$59,971
2 years$31,315$30,731$30,166$29,618$29,087$27,972
3 years$20,669$20,083$19,520$18,977$18,454$17,369
4 years$15,347$14,763$14,205$13,672$13,161$12,116
5 years$12,155$11,575$11,024$10,501$10,005$9,001
6 years$10,028$9,452$8,909$8,398$7,917$6,955
7 years$8,509$7,937$7,403$6,904$6,438$5,520
8 years$7,370$6,804$6,279$5,792$5,341$4,466
9 years$6,485$5,924$5,408$4,933$4,498$3,665
10 years$5,777$5,222$4,715$4,253$3,833$3,041
11 years$5,198$4,649$4,151$3,701$3,296$2,546
12 years$4,716$4,172$3,684$3,246$2,856$2,146
13 years$4,309$3,771$3,291$2,866$2,491$1,819
14 years$3,960$3,427$2,957$2,544$2,183$1,549
15 years$3,658$3,131$2,670$2,269$1,922$1,324
16 years$3,394$2,873$2,421$2,032$1,699$1,135
17 years$3,161$2,646$2,203$1,825$1,507$976
18 years$2,954$2,445$2,011$1,645$1,340$841
19 years$2,769$2,266$1,841$1,486$1,194$727
20 years$2,603$2,105$1,689$1,346$1,066$628
21 years$2,453$1,961$1,554$1,222$954$544
22 years$2,317$1,831$1,432$1,111$855$472
23 years$2,193$1,712$1,322$1,012$768$410
24 years$2,079$1,604$1,223$923$690$356
25 years$1,975$1,505$1,133$843$621$310
26 years$1,879$1,415$1,050$771$559$270
27 years$1,790$1,331$975$705$504$235
28 years$1,707$1,255$907$646$455$204
29 years$1,631$1,184$844$593$411$178
30 years$1,559$1,118$786$544$371$155
31 years$1,493$1,057$733$499$336$135
32 years$1,430$1,000$684$459$304$118
33 years$1,372$947$638$422$275$103
34 years$1,317$897$596$388$249$90
35 years$1,265$851$558$358$225$79
36 years$1,217$808$522$329$204$69
37 years$1,171$767$488$303$185$60
38 years$1,127$729$457$280$168$52
39 years$1,086$693$428$258$152$46
40 years$1,047$660$402$238$138$40
41 years$1,010$628$377$219$125$35
42 years$975$598$353$202$114$30
43 years$942$570$331$187$103$27
44 years$910$543$311$173$94$23
45 years$880$518$292$159$85$20
46 years$851$494$274$147$77$18
47 years$823$472$258$136$70$16
48 years$797$450$242$126$64$14
49 years$772$430$228$116$58$12
50 years$748$411$214$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $766,000, adding $5,193 every year, while hoping to spend $38,778 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: 61/27/12 Blend
50$766,000$766,000$766,000$766,000
51$849,489$808,891$797,018$898,566
52$894,877$807,267$782,458$930,516
53$943,595$804,264$766,111$960,490
54$995,942$799,773$747,876$992,252
55$1,052,246$793,679$727,648$1,025,976
56$1,112,866$785,860$705,315$1,061,855
57$1,178,198$776,187$680,762$1,100,104
58$1,248,676$764,522$653,870$1,140,963
59$1,324,777$750,720$624,511$1,184,694
60$1,407,026$734,627$592,554$1,231,590
61$1,495,999$716,080$557,860$1,281,976
62$1,592,328$694,906$520,287$1,336,210
63$1,696,712$670,922$479,682$1,394,691
64$1,809,914$643,934$435,889$1,457,858
65$1,932,777$613,739$388,743$1,526,199
66$2,066,227$580,119$338,072$1,600,255
67$2,211,282$542,845$283,698$1,680,624
68$2,369,064$501,676$225,433$1,767,966
69$2,540,805$456,354$163,081$1,863,013
70$2,727,861$406,610$96,439$1,966,577
71$2,931,726$352,156$25,292$2,079,553
72$3,154,042$292,692$0$2,202,933
73$3,396,617$227,897$0$2,344,296
74$3,661,443$157,435$0$2,502,249
75$3,950,709$80,948$0$2,674,922
76$4,266,828$0$0$2,863,829
77$4,612,456$0$0$3,071,220
78$4,990,515$0$0$3,324,434
79$5,404,226$0$0$3,601,584
80$5,857,132$0$0$3,905,053
81$6,353,138$0$0$4,237,462
82$6,896,541$0$0$4,601,702
83$7,492,076$0$0$5,000,952
84$8,144,957$0$0$5,438,717
85$8,860,925$0$0$5,918,856
86$9,646,305$0$0$6,445,619
87$10,508,063$0$0$7,023,687
88$11,453,872$0$0$7,658,217
89$12,492,184$0$0$8,354,890
90$13,632,310$0$0$9,119,964
91$14,884,505$0$0$9,960,330
92$16,260,068$0$0$10,883,582
93$17,771,444$0$0$11,898,087
94$19,432,345$0$0$13,013,059
95$21,257,877$0$0$14,238,650
96$23,264,681$0$0$15,586,048
97$25,471,092$0$0$17,067,574
98$27,897,310$0$0$18,696,806
99$30,565,589$0$0$20,488,702
100$33,500,449$0$0$22,459,744