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%19.6%
1 years$63,256$62,692$62,142$61,606$61,082$58,728
2 years$31,315$30,731$30,166$29,618$29,087$26,743
3 years$20,669$20,083$19,520$18,977$18,454$16,195
4 years$15,347$14,763$14,205$13,672$13,161$11,004
5 years$12,155$11,575$11,024$10,501$10,005$7,954
6 years$10,028$9,452$8,909$8,398$7,917$5,974
7 years$8,509$7,937$7,403$6,904$6,438$4,604
8 years$7,370$6,804$6,279$5,792$5,341$3,612
9 years$6,485$5,924$5,408$4,933$4,498$2,873
10 years$5,777$5,222$4,715$4,253$3,833$2,307
11 years$5,198$4,649$4,151$3,701$3,296$1,868
12 years$4,716$4,172$3,684$3,246$2,856$1,521
13 years$4,309$3,771$3,291$2,866$2,491$1,245
14 years$3,960$3,427$2,957$2,544$2,183$1,023
15 years$3,658$3,131$2,670$2,269$1,922$843
16 years$3,394$2,873$2,421$2,032$1,699$696
17 years$3,161$2,646$2,203$1,825$1,507$577
18 years$2,954$2,445$2,011$1,645$1,340$478
19 years$2,769$2,266$1,841$1,486$1,194$397
20 years$2,603$2,105$1,689$1,346$1,066$330
21 years$2,453$1,961$1,554$1,222$954$275
22 years$2,317$1,831$1,432$1,111$855$229
23 years$2,193$1,712$1,322$1,012$768$191
24 years$2,079$1,604$1,223$923$690$159
25 years$1,975$1,505$1,133$843$621$133
26 years$1,879$1,415$1,050$771$559$111
27 years$1,790$1,331$975$705$504$92
28 years$1,707$1,255$907$646$455$77
29 years$1,631$1,184$844$593$411$64
30 years$1,559$1,118$786$544$371$54
31 years$1,493$1,057$733$499$336$45
32 years$1,430$1,000$684$459$304$38
33 years$1,372$947$638$422$275$31
34 years$1,317$897$596$388$249$26
35 years$1,265$851$558$358$225$22
36 years$1,217$808$522$329$204$18
37 years$1,171$767$488$303$185$15
38 years$1,127$729$457$280$168$13
39 years$1,086$693$428$258$152$11
40 years$1,047$660$402$238$138$9
41 years$1,010$628$377$219$125$7
42 years$975$598$353$202$114$6
43 years$942$570$331$187$103$5
44 years$910$543$311$173$94$4
45 years$880$518$292$159$85$4
46 years$851$494$274$147$77$3
47 years$823$472$258$136$70$3
48 years$797$450$242$126$64$2
49 years$772$430$228$116$58$2
50 years$748$411$214$107$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $766,000, adding $2,951 every year, while hoping to spend $43,273 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: 78/6/16 Blend
50$766,000$766,000$766,000$766,000
51$847,176$806,578$794,705$910,110
52$887,546$800,058$775,285$945,501
53$930,583$791,769$753,765$978,541
54$976,514$781,577$730,028$1,013,586
55$1,025,587$769,342$703,952$1,050,821
56$1,078,073$754,917$675,411$1,090,449
57$1,134,271$738,142$644,272$1,132,694
58$1,194,508$718,853$610,396$1,177,804
59$1,259,142$696,871$573,639$1,226,052
60$1,328,567$672,009$533,848$1,277,741
61$1,403,214$644,071$490,865$1,333,202
62$1,483,558$612,847$444,525$1,392,803
63$1,570,120$578,115$394,656$1,456,949
64$1,663,471$539,641$341,075$1,526,087
65$1,764,239$497,178$283,595$1,600,711
66$1,873,115$450,463$222,019$1,681,365
67$1,990,858$399,221$156,142$1,768,650
68$2,118,300$343,158$85,748$1,863,228
69$2,256,360$281,966$10,614$1,965,833
70$2,406,045$215,318$0$2,077,270
71$2,568,463$142,870$0$2,210,308
72$2,744,833$64,258$0$2,356,758
73$2,936,496$0$0$2,515,935
74$3,144,927$0$0$2,690,461
75$3,371,749$0$0$2,885,024
76$3,618,746$0$0$3,096,918
77$3,887,884$0$0$3,327,830
78$4,181,326$0$0$3,579,618
79$4,501,449$0$0$3,854,327
80$4,850,875$0$0$4,154,209
81$5,232,486$0$0$4,481,741
82$5,649,456$0$0$4,839,651
83$6,105,280$0$0$5,230,943
84$6,603,805$0$0$5,658,922
85$7,149,266$0$0$6,127,229
86$7,746,328$0$0$6,639,873
87$8,400,128$0$0$7,201,268
88$9,116,320$0$0$7,816,276
89$9,901,135$0$0$8,490,249
90$10,761,432$0$0$9,229,084
91$11,704,766$0$0$10,039,275
92$12,739,459$0$0$10,927,972
93$13,874,676$0$0$11,903,055
94$15,120,513$0$0$12,973,200
95$16,488,089$0$0$14,147,965
96$17,989,655$0$0$15,437,878
97$19,638,703$0$0$16,854,536
98$21,450,099$0$0$18,410,717
99$23,440,217$0$0$20,120,495
100$25,627,096$0$0$21,999,374