Can I retire at age 51 with 768,000?

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 $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%13.6%
1 years$63,421$62,856$62,305$61,767$61,241$60,326
2 years$31,396$30,812$30,245$29,696$29,163$28,243
3 years$20,723$20,136$19,571$19,026$18,502$17,606
4 years$15,387$14,802$14,242$13,707$13,196$12,330
5 years$12,187$11,605$11,053$10,529$10,031$9,199
6 years$10,054$9,476$8,932$8,420$7,937$7,139
7 years$8,531$7,958$7,423$6,922$6,455$5,692
8 years$7,389$6,822$6,295$5,807$5,355$4,626
9 years$6,502$5,939$5,422$4,946$4,510$3,815
10 years$5,792$5,235$4,727$4,264$3,843$3,181
11 years$5,212$4,661$4,162$3,711$3,305$2,676
12 years$4,729$4,183$3,693$3,255$2,864$2,267
13 years$4,320$3,780$3,300$2,873$2,497$1,932
14 years$3,970$3,436$2,965$2,551$2,189$1,654
15 years$3,667$3,139$2,677$2,275$1,927$1,422
16 years$3,403$2,880$2,427$2,037$1,704$1,226
17 years$3,169$2,652$2,208$1,830$1,510$1,060
18 years$2,962$2,451$2,016$1,649$1,343$919
19 years$2,777$2,272$1,846$1,490$1,197$798
20 years$2,610$2,111$1,694$1,350$1,069$695
21 years$2,460$1,966$1,558$1,225$957$605
22 years$2,323$1,835$1,436$1,114$858$528
23 years$2,199$1,717$1,326$1,014$770$461
24 years$2,085$1,608$1,226$925$692$403
25 years$1,980$1,509$1,136$845$623$353
26 years$1,884$1,418$1,053$773$561$309
27 years$1,794$1,335$978$707$506$271
28 years$1,712$1,258$909$648$456$238
29 years$1,635$1,187$846$594$412$208
30 years$1,563$1,121$788$545$372$183
31 years$1,496$1,059$735$501$337$161
32 years$1,434$1,002$685$460$304$141
33 years$1,375$949$640$423$276$124
34 years$1,320$900$598$389$249$109
35 years$1,269$853$559$358$226$96
36 years$1,220$810$523$330$205$84
37 years$1,174$769$490$304$186$74
38 years$1,130$731$458$280$168$65
39 years$1,089$695$430$259$153$57
40 years$1,050$661$403$238$138$50
41 years$1,013$630$377$220$126$44
42 years$978$600$354$203$114$39
43 years$944$571$332$187$103$34
44 years$912$545$312$173$94$30
45 years$882$519$293$160$85$27
46 years$853$495$275$148$77$23
47 years$826$473$258$136$70$21
48 years$799$451$243$126$64$18
49 years$774$431$228$116$58$16
50 years$750$412$215$108$53$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $768,000, adding $3,967 every year, while hoping to spend $52,987 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: 51/20/29 Blend
50$768,000$768,000$768,000$768,000
51$850,428$809,724$797,820$886,664
52$880,794$793,023$768,169$895,665
53$912,481$773,727$735,749$899,836
54$945,569$751,654$700,411$903,340
55$980,142$726,610$662,000$906,140
56$1,016,292$698,390$620,353$908,193
57$1,054,119$666,777$575,300$909,461
58$1,093,731$631,540$526,664$909,903
59$1,135,244$592,438$474,260$909,477
60$1,178,785$549,214$417,894$908,144
61$1,224,491$501,595$357,363$905,862
62$1,272,512$449,296$292,457$902,593
63$1,323,009$392,012$222,955$898,297
64$1,376,158$329,423$148,627$892,939
65$1,432,153$261,191$69,232$886,482
66$1,491,201$186,958$0$878,895
67$1,553,530$106,346$0$874,942
68$1,619,389$18,956$0$892,976
69$1,689,049$0$0$911,616
70$1,762,805$0$0$947,579
71$1,840,981$0$0$990,156
72$1,923,929$0$0$1,035,373
73$2,012,036$0$0$1,083,444
74$2,105,724$0$0$1,134,607
75$2,205,454$0$0$1,189,118
76$2,311,733$0$0$1,247,262
77$2,425,113$0$0$1,309,346
78$2,546,203$0$0$1,375,712
79$2,675,666$0$0$1,446,731
80$2,814,231$0$0$1,522,810
81$2,962,697$0$0$1,604,398
82$3,121,942$0$0$1,691,985
83$3,292,927$0$0$1,786,110
84$3,476,708$0$0$1,887,364
85$3,674,443$0$0$1,996,396
86$3,887,406$0$0$2,113,921
87$4,116,992$0$0$2,240,721
88$4,364,739$0$0$2,377,656
89$4,632,331$0$0$2,525,673
90$4,921,623$0$0$2,685,810
91$5,234,652$0$0$2,859,211
92$5,573,658$0$0$3,047,132
93$5,941,101$0$0$3,250,953
94$6,339,690$0$0$3,472,194
95$6,772,402$0$0$3,712,526
96$7,242,512$0$0$3,973,785
97$7,753,621$0$0$4,257,994
98$8,309,694$0$0$4,567,378
99$8,915,089$0$0$4,904,383
100$9,574,606$0$0$5,271,703