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%15%
1 years$63,256$62,692$62,142$61,606$61,082$59,824
2 years$31,315$30,731$30,166$29,618$29,087$27,825
3 years$20,669$20,083$19,520$18,977$18,454$17,228
4 years$15,347$14,763$14,205$13,672$13,161$11,981
5 years$12,155$11,575$11,024$10,501$10,005$8,873
6 years$10,028$9,452$8,909$8,398$7,917$6,834
7 years$8,509$7,937$7,403$6,904$6,438$5,406
8 years$7,370$6,804$6,279$5,792$5,341$4,358
9 years$6,485$5,924$5,408$4,933$4,498$3,564
10 years$5,777$5,222$4,715$4,253$3,833$2,946
11 years$5,198$4,649$4,151$3,701$3,296$2,457
12 years$4,716$4,172$3,684$3,246$2,856$2,063
13 years$4,309$3,771$3,291$2,866$2,491$1,742
14 years$3,960$3,427$2,957$2,544$2,183$1,477
15 years$3,658$3,131$2,670$2,269$1,922$1,257
16 years$3,394$2,873$2,421$2,032$1,699$1,074
17 years$3,161$2,646$2,203$1,825$1,507$919
18 years$2,954$2,445$2,011$1,645$1,340$789
19 years$2,769$2,266$1,841$1,486$1,194$678
20 years$2,603$2,105$1,689$1,346$1,066$584
21 years$2,453$1,961$1,554$1,222$954$504
22 years$2,317$1,831$1,432$1,111$855$435
23 years$2,193$1,712$1,322$1,012$768$376
24 years$2,079$1,604$1,223$923$690$325
25 years$1,975$1,505$1,133$843$621$281
26 years$1,879$1,415$1,050$771$559$243
27 years$1,790$1,331$975$705$504$211
28 years$1,707$1,255$907$646$455$183
29 years$1,631$1,184$844$593$411$159
30 years$1,559$1,118$786$544$371$138
31 years$1,493$1,057$733$499$336$119
32 years$1,430$1,000$684$459$304$104
33 years$1,372$947$638$422$275$90
34 years$1,317$897$596$388$249$78
35 years$1,265$851$558$358$225$68
36 years$1,217$808$522$329$204$59
37 years$1,171$767$488$303$185$51
38 years$1,127$729$457$280$168$45
39 years$1,086$693$428$258$152$39
40 years$1,047$660$402$238$138$34
41 years$1,010$628$377$219$125$29
42 years$975$598$353$202$114$25
43 years$942$570$331$187$103$22
44 years$910$543$311$173$94$19
45 years$880$518$292$159$85$17
46 years$851$494$274$147$77$15
47 years$823$472$258$136$70$13
48 years$797$450$242$126$64$11
49 years$772$430$228$116$58$10
50 years$748$411$214$107$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $766,000, adding $6,919 every year, while hoping to spend $21,318 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: 69/14/17 Blend
50$766,000$766,000$766,000$766,000
51$851,269$810,671$798,798$906,096
52$915,416$827,712$802,875$960,564
53$985,392$844,873$806,375$1,016,967
54$1,061,768$862,138$809,255$1,078,145
55$1,145,175$879,489$811,471$1,144,566
56$1,236,305$896,906$812,977$1,216,747
57$1,335,921$914,367$813,725$1,295,256
58$1,444,863$931,850$813,664$1,380,719
59$1,564,058$949,329$812,740$1,473,828
60$1,694,522$966,776$810,897$1,575,343
61$1,837,378$984,163$808,077$1,686,101
62$1,993,861$1,001,457$804,217$1,807,028
63$2,165,330$1,018,625$799,255$1,939,140
64$2,353,285$1,035,628$793,121$2,083,560
65$2,559,374$1,052,428$785,744$2,241,523
66$2,785,415$1,068,982$777,052$2,414,393
67$3,033,410$1,085,244$766,965$2,603,671
68$3,305,562$1,101,166$755,403$2,811,011
69$3,604,300$1,116,693$742,280$3,038,237
70$3,932,299$1,131,772$727,506$3,287,360
71$4,292,505$1,146,340$710,989$3,560,595
72$4,688,164$1,160,334$692,631$3,860,382
73$5,122,852$1,173,686$672,329$4,189,414
74$5,600,507$1,186,321$649,977$4,550,656
75$6,125,470$1,198,162$625,462$4,947,376
76$6,702,521$1,209,125$598,668$5,383,178
77$7,336,927$1,219,121$569,472$5,862,031
78$8,034,491$1,228,055$537,747$6,388,311
79$8,801,606$1,235,827$503,359$6,966,843
80$9,645,317$1,242,329$466,168$7,602,941
81$10,573,383$1,247,447$426,028$8,302,464
82$11,594,356$1,251,059$382,788$9,071,870
83$12,717,656$1,253,037$336,287$9,918,276
84$13,953,664$1,253,243$286,360$10,849,525
85$15,313,817$1,251,532$232,833$11,874,263
86$16,810,718$1,247,748$175,524$13,002,016
87$18,458,251$1,241,728$114,244$14,243,287
88$20,271,718$1,233,298$48,796$15,609,650
89$22,267,976$1,222,272$0$17,113,858
90$24,465,601$1,208,455$0$18,773,790
91$26,885,063$1,191,640$0$20,610,815
92$29,548,914$1,171,605$0$22,633,190
93$32,482,008$1,148,118$0$24,859,778
94$35,711,729$1,120,933$0$27,311,365
95$39,268,253$1,089,786$0$30,010,857
96$43,184,832$1,054,402$0$32,983,497
97$47,498,105$1,014,488$0$36,257,102
98$52,248,447$969,733$0$39,862,327
99$57,480,348$919,810$0$43,832,952
100$63,242,834$864,371$0$48,206,204