Can I retire at age 51 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$63,338$62,774$62,224$61,686$61,162$60,675
2 years$31,356$30,772$30,206$29,657$29,125$28,634
3 years$20,696$20,110$19,545$19,001$18,478$17,998
4 years$15,367$14,783$14,224$13,689$13,179$12,714
5 years$12,171$11,590$11,038$10,515$10,018$9,570
6 years$10,041$9,464$8,921$8,409$7,927$7,496
7 years$8,520$7,948$7,413$6,913$6,447$6,032
8 years$7,380$6,813$6,287$5,799$5,348$4,951
9 years$6,493$5,932$5,415$4,940$4,504$4,124
10 years$5,784$5,229$4,721$4,258$3,838$3,474
11 years$5,205$4,655$4,156$3,706$3,300$2,954
12 years$4,722$4,178$3,688$3,251$2,860$2,529
13 years$4,314$3,775$3,295$2,870$2,494$2,179
14 years$3,965$3,432$2,961$2,547$2,186$1,887
15 years$3,663$3,135$2,673$2,272$1,925$1,641
16 years$3,398$2,876$2,424$2,034$1,701$1,432
17 years$3,165$2,649$2,206$1,828$1,508$1,253
18 years$2,958$2,448$2,013$1,647$1,341$1,099
19 years$2,773$2,269$1,843$1,488$1,196$967
20 years$2,607$2,108$1,692$1,348$1,068$852
21 years$2,457$1,964$1,556$1,223$956$752
22 years$2,320$1,833$1,434$1,112$857$665
23 years$2,196$1,714$1,324$1,013$769$588
24 years$2,082$1,606$1,224$924$691$521
25 years$1,977$1,507$1,134$844$622$462
26 years$1,881$1,417$1,052$772$560$410
27 years$1,792$1,333$977$706$505$364
28 years$1,709$1,256$908$647$456$324
29 years$1,633$1,185$845$593$412$288
30 years$1,561$1,119$787$545$372$256
31 years$1,495$1,058$734$500$336$228
32 years$1,432$1,001$685$460$304$203
33 years$1,374$948$639$423$275$181
34 years$1,319$899$597$389$249$161
35 years$1,267$852$558$358$226$144
36 years$1,218$809$522$330$204$128
37 years$1,172$768$489$304$185$114
38 years$1,129$730$458$280$168$102
39 years$1,088$694$429$258$152$91
40 years$1,049$661$402$238$138$81
41 years$1,012$629$377$220$125$73
42 years$977$599$354$203$114$65
43 years$943$571$332$187$103$58
44 years$911$544$311$173$94$52
45 years$881$519$292$160$85$46
46 years$852$495$275$147$77$41
47 years$825$472$258$136$70$37
48 years$798$451$243$126$64$33
49 years$773$430$228$116$58$29
50 years$749$411$214$108$53$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $767,000, adding $2,012 every year, while hoping to spend $43,888 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: 79/15/6 Blend
50$767,000$767,000$767,000$767,000
51$847,309$806,658$794,770$913,675
52$887,038$799,488$774,698$950,276
53$929,349$790,496$752,483$984,451
54$974,458$779,545$728,007$1,020,617
55$1,022,603$766,493$701,145$1,058,953
56$1,074,044$751,187$671,769$1,099,652
57$1,129,067$733,466$639,744$1,142,929
58$1,187,985$713,159$604,929$1,189,022
59$1,251,141$690,085$567,175$1,238,192
60$1,318,911$664,052$526,329$1,290,726
61$1,391,708$634,859$482,229$1,346,943
62$1,469,986$602,291$434,708$1,407,194
63$1,554,243$566,122$383,589$1,471,866
64$1,645,025$526,111$328,688$1,541,384
65$1,742,932$482,005$269,814$1,616,222
66$1,848,625$433,537$206,766$1,696,898
67$1,962,827$380,423$139,336$1,783,986
68$2,086,336$322,365$67,304$1,878,118
69$2,220,027$259,045$0$1,979,995
70$2,364,862$190,131$0$2,090,998
71$2,521,900$115,269$0$2,216,004
72$2,692,304$34,087$0$2,351,655
73$2,877,354$0$0$2,499,002
74$3,078,458$0$0$2,668,087
75$3,297,164$0$0$2,858,112
76$3,535,177$0$0$3,064,932
77$3,794,370$0$0$3,290,180
78$4,076,807$0$0$3,535,651
79$4,384,758$0$0$3,803,321
80$4,720,722$0$0$4,095,364
81$5,087,449$0$0$4,414,176
82$5,487,966$0$0$4,762,390
83$5,925,607$0$0$5,142,908
84$6,404,039$0$0$5,558,924
85$6,927,303$0$0$6,013,954
86$7,499,847$0$0$6,511,869
87$8,126,568$0$0$7,056,933
88$8,812,859$0$0$7,653,841
89$9,564,659$0$0$8,307,762
90$10,388,509$0$0$9,024,390
91$11,291,612$0$0$9,809,994
92$12,281,901$0$0$10,671,482
93$13,368,113$0$0$11,616,458
94$14,559,873$0$0$12,653,301
95$15,867,781$0$0$13,791,240
96$17,303,514$0$0$15,040,438
97$18,879,934$0$0$16,412,092
98$20,611,210$0$0$17,918,538
99$22,512,950$0$0$19,573,362
100$24,602,348$0$0$21,391,533