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%19.1%
1 years$63,421$62,856$62,305$61,767$61,241$58,998
2 years$31,396$30,812$30,245$29,696$29,163$26,927
3 years$20,723$20,136$19,571$19,026$18,502$16,345
4 years$15,387$14,802$14,242$13,707$13,196$11,134
5 years$12,187$11,605$11,053$10,529$10,031$8,070
6 years$10,054$9,476$8,932$8,420$7,937$6,078
7 years$8,531$7,958$7,423$6,922$6,455$4,697
8 years$7,389$6,822$6,295$5,807$5,355$3,696
9 years$6,502$5,939$5,422$4,946$4,510$2,949
10 years$5,792$5,235$4,727$4,264$3,843$2,376
11 years$5,212$4,661$4,162$3,711$3,305$1,930
12 years$4,729$4,183$3,693$3,255$2,864$1,577
13 years$4,320$3,780$3,300$2,873$2,497$1,295
14 years$3,970$3,436$2,965$2,551$2,189$1,068
15 years$3,667$3,139$2,677$2,275$1,927$883
16 years$3,403$2,880$2,427$2,037$1,704$732
17 years$3,169$2,652$2,208$1,830$1,510$608
18 years$2,962$2,451$2,016$1,649$1,343$506
19 years$2,777$2,272$1,846$1,490$1,197$422
20 years$2,610$2,111$1,694$1,350$1,069$352
21 years$2,460$1,966$1,558$1,225$957$294
22 years$2,323$1,835$1,436$1,114$858$246
23 years$2,199$1,717$1,326$1,014$770$206
24 years$2,085$1,608$1,226$925$692$172
25 years$1,980$1,509$1,136$845$623$144
26 years$1,884$1,418$1,053$773$561$121
27 years$1,794$1,335$978$707$506$101
28 years$1,712$1,258$909$648$456$85
29 years$1,635$1,187$846$594$412$71
30 years$1,563$1,121$788$545$372$60
31 years$1,496$1,059$735$501$337$50
32 years$1,434$1,002$685$460$304$42
33 years$1,375$949$640$423$276$35
34 years$1,320$900$598$389$249$30
35 years$1,269$853$559$358$226$25
36 years$1,220$810$523$330$205$21
37 years$1,174$769$490$304$186$18
38 years$1,130$731$458$280$168$15
39 years$1,089$695$430$259$153$12
40 years$1,050$661$403$238$138$10
41 years$1,013$630$377$220$126$9
42 years$978$600$354$203$114$7
43 years$944$571$332$187$103$6
44 years$912$545$312$173$94$5
45 years$882$519$293$160$85$4
46 years$853$495$275$148$77$4
47 years$826$473$258$136$70$3
48 years$799$451$243$126$64$3
49 years$774$431$228$116$58$2
50 years$750$412$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $768,000, adding $3,086 every year, while hoping to spend $55,238 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: 71/13/16 Blend
50$768,000$768,000$768,000$768,000
51$849,519$808,815$796,911$906,488
52$877,397$789,674$764,835$925,600
53$906,268$767,744$729,833$939,566
54$936,173$742,830$691,748$953,430
55$967,159$714,725$650,418$967,173
56$999,274$683,211$605,672$980,774
57$1,032,569$648,057$557,330$994,213
58$1,067,097$609,019$505,208$1,007,469
59$1,102,918$565,837$449,109$1,020,518
60$1,140,092$518,240$388,831$1,033,339
61$1,178,686$465,937$324,160$1,045,908
62$1,218,768$408,625$254,876$1,058,203
63$1,260,414$345,979$180,746$1,070,199
64$1,303,704$277,660$101,529$1,081,873
65$1,348,724$203,307$16,972$1,093,202
66$1,395,565$122,540$0$1,104,161
67$1,444,326$34,958$0$1,127,236
68$1,495,112$0$0$1,153,802
69$1,548,038$0$0$1,189,550
70$1,603,225$0$0$1,232,047
71$1,660,806$0$0$1,276,396
72$1,720,923$0$0$1,322,707
73$1,783,730$0$0$1,371,099
74$1,849,392$0$0$1,421,701
75$1,918,089$0$0$1,474,654
76$1,990,014$0$0$1,530,108
77$2,065,379$0$0$1,588,227
78$2,144,411$0$0$1,649,189
79$2,227,358$0$0$1,713,186
80$2,314,488$0$0$1,780,428
81$2,406,094$0$0$1,851,142
82$2,502,493$0$0$1,925,576
83$2,604,030$0$0$2,003,999
84$2,711,081$0$0$2,086,705
85$2,824,057$0$0$2,174,013
86$2,943,405$0$0$2,266,272
87$3,069,613$0$0$2,363,863
88$3,203,211$0$0$2,467,201
89$3,344,783$0$0$2,576,739
90$3,494,962$0$0$2,692,973
91$3,654,444$0$0$2,816,446
92$3,823,987$0$0$2,947,749
93$4,004,422$0$0$3,087,532
94$4,196,659$0$0$3,236,506
95$4,401,693$0$0$3,395,447
96$4,620,615$0$0$3,565,208
97$4,854,621$0$0$3,746,722
98$5,105,021$0$0$3,941,013
99$5,373,251$0$0$4,149,204
100$5,660,888$0$0$4,372,526