Can I retire at age 51 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$63,421$62,856$62,305$61,767$61,241$60,551
2 years$31,396$30,812$30,245$29,696$29,163$28,468
3 years$20,723$20,136$19,571$19,026$18,502$17,824
4 years$15,387$14,802$14,242$13,707$13,196$12,540
5 years$12,187$11,605$11,053$10,529$10,031$9,400
6 years$10,054$9,476$8,932$8,420$7,937$7,331
7 years$8,531$7,958$7,423$6,922$6,455$5,874
8 years$7,389$6,822$6,295$5,807$5,355$4,799
9 years$6,502$5,939$5,422$4,946$4,510$3,978
10 years$5,792$5,235$4,727$4,264$3,843$3,335
11 years$5,212$4,661$4,162$3,711$3,305$2,822
12 years$4,729$4,183$3,693$3,255$2,864$2,404
13 years$4,320$3,780$3,300$2,873$2,497$2,061
14 years$3,970$3,436$2,965$2,551$2,189$1,775
15 years$3,667$3,139$2,677$2,275$1,927$1,535
16 years$3,403$2,880$2,427$2,037$1,704$1,332
17 years$3,169$2,652$2,208$1,830$1,510$1,159
18 years$2,962$2,451$2,016$1,649$1,343$1,011
19 years$2,777$2,272$1,846$1,490$1,197$884
20 years$2,610$2,111$1,694$1,350$1,069$775
21 years$2,460$1,966$1,558$1,225$957$680
22 years$2,323$1,835$1,436$1,114$858$597
23 years$2,199$1,717$1,326$1,014$770$525
24 years$2,085$1,608$1,226$925$692$463
25 years$1,980$1,509$1,136$845$623$408
26 years$1,884$1,418$1,053$773$561$360
27 years$1,794$1,335$978$707$506$317
28 years$1,712$1,258$909$648$456$280
29 years$1,635$1,187$846$594$412$248
30 years$1,563$1,121$788$545$372$219
31 years$1,496$1,059$735$501$337$194
32 years$1,434$1,002$685$460$304$171
33 years$1,375$949$640$423$276$152
34 years$1,320$900$598$389$249$134
35 years$1,269$853$559$358$226$119
36 years$1,220$810$523$330$205$105
37 years$1,174$769$490$304$186$93
38 years$1,130$731$458$280$168$83
39 years$1,089$695$430$259$153$73
40 years$1,050$661$403$238$138$65
41 years$1,013$630$377$220$126$58
42 years$978$600$354$203$114$51
43 years$944$571$332$187$103$45
44 years$912$545$312$173$94$40
45 years$882$519$293$160$85$36
46 years$853$495$275$148$77$32
47 years$826$473$258$136$70$28
48 years$799$451$243$126$64$25
49 years$774$431$228$116$58$22
50 years$750$412$215$108$53$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $768,000, adding $6,333 every year, while hoping to spend $29,532 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: 56/37/7 Blend
50$768,000$768,000$768,000$768,000
51$852,868$812,164$800,260$898,936
52$908,439$820,539$795,647$939,091
53$968,688$828,334$789,890$978,958
54$1,034,062$835,489$782,919$1,021,653
55$1,105,051$841,943$774,661$1,067,451
56$1,182,194$847,626$765,040$1,116,652
57$1,266,085$852,467$753,976$1,169,588
58$1,357,378$856,389$741,386$1,226,628
59$1,456,789$859,312$727,182$1,288,176
60$1,565,112$861,148$711,272$1,354,681
61$1,683,214$861,805$693,561$1,426,637
62$1,812,055$861,186$673,948$1,504,589
63$1,952,687$859,188$652,328$1,589,141
64$2,106,272$855,699$628,592$1,680,958
65$2,274,087$850,603$602,625$1,780,775
66$2,457,537$843,776$574,306$1,889,402
67$2,658,171$835,086$543,511$2,007,735
68$2,877,694$824,395$510,108$2,136,763
69$3,117,983$811,554$473,960$2,277,577
70$3,381,104$796,406$434,924$2,431,381
71$3,669,333$778,787$392,851$2,599,506
72$3,985,178$758,520$347,584$2,783,417
73$4,331,398$735,420$298,961$2,984,736
74$4,711,034$709,290$246,810$3,205,249
75$5,127,435$679,920$190,953$3,446,931
76$5,584,289$647,092$131,206$3,711,957
77$6,085,659$610,572$67,373$4,002,731
78$6,636,019$570,113$0$4,321,905
79$7,240,299$525,454$0$4,672,459
80$7,903,929$476,321$0$5,062,940
81$8,632,890$422,421$0$5,491,889
82$9,433,773$363,447$0$5,963,253
83$10,313,835$299,074$0$6,481,385
84$11,281,076$228,958$0$7,051,088
85$12,344,304$152,735$0$7,677,657
86$13,513,228$70,024$0$8,366,935
87$14,798,540$0$0$9,125,363
88$16,212,024$0$0$9,968,020
89$17,766,660$0$0$10,926,260
90$19,476,751$0$0$11,980,397
91$21,358,054$0$0$13,140,156
92$23,427,933$0$0$14,416,249
93$25,705,517$0$0$15,820,481
94$28,211,885$0$0$17,365,859
95$30,970,261$0$0$19,066,714
96$34,006,235$0$0$20,938,837
97$37,348,005$0$0$22,999,626
98$41,026,639$0$0$25,268,255
99$45,076,371$0$0$27,765,847
100$49,534,924$0$0$30,515,681