Can I retire at age 51 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$63,586$63,019$62,467$61,928$61,401$59,035
2 years$31,478$30,892$30,324$29,773$29,239$26,883
3 years$20,777$20,188$19,621$19,076$18,550$16,279
4 years$15,427$14,840$14,279$13,743$13,230$11,061
5 years$12,219$11,635$11,081$10,556$10,057$7,996
6 years$10,080$9,501$8,955$8,442$7,958$6,005
7 years$8,553$7,979$7,442$6,940$6,472$4,628
8 years$7,408$6,839$6,311$5,822$5,369$3,631
9 years$6,519$5,955$5,436$4,959$4,522$2,888
10 years$5,807$5,249$4,739$4,275$3,853$2,320
11 years$5,225$4,673$4,172$3,720$3,313$1,878
12 years$4,741$4,194$3,703$3,263$2,871$1,529
13 years$4,331$3,790$3,308$2,881$2,504$1,252
14 years$3,981$3,445$2,972$2,557$2,195$1,028
15 years$3,677$3,147$2,684$2,281$1,933$847
16 years$3,411$2,888$2,433$2,042$1,708$700
17 years$3,177$2,659$2,214$1,835$1,514$580
18 years$2,970$2,457$2,021$1,654$1,347$481
19 years$2,784$2,277$1,850$1,494$1,200$399
20 years$2,617$2,116$1,698$1,353$1,072$332
21 years$2,466$1,971$1,562$1,228$959$276
22 years$2,329$1,840$1,440$1,117$860$230
23 years$2,204$1,721$1,329$1,017$772$192
24 years$2,090$1,612$1,229$928$694$160
25 years$1,985$1,513$1,139$847$624$133
26 years$1,888$1,422$1,056$775$562$111
27 years$1,799$1,338$981$709$507$93
28 years$1,716$1,261$912$650$457$78
29 years$1,639$1,190$848$596$413$65
30 years$1,567$1,124$790$547$373$54
31 years$1,500$1,062$737$502$337$45
32 years$1,438$1,005$687$461$305$38
33 years$1,379$952$642$424$276$32
34 years$1,324$902$600$390$250$26
35 years$1,272$856$561$359$227$22
36 years$1,223$812$524$331$205$18
37 years$1,177$771$491$305$186$15
38 years$1,133$733$460$281$169$13
39 years$1,092$697$431$259$153$11
40 years$1,053$663$404$239$139$9
41 years$1,016$631$378$221$126$8
42 years$980$601$355$204$114$6
43 years$947$573$333$188$104$5
44 years$915$546$313$173$94$4
45 years$884$521$294$160$85$4
46 years$855$497$276$148$78$3
47 years$828$474$259$137$70$3
48 years$801$453$243$126$64$2
49 years$776$432$229$117$58$2
50 years$752$413$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 $770,000, adding $6,939 every year, while hoping to spend $45,769 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: 39/36/25 Blend
50$770,000$770,000$770,000$770,000
51$855,698$814,888$802,953$882,488
52$894,281$806,119$781,154$893,802
53$935,266$795,387$757,090$901,247
54$978,849$782,547$730,639$908,399
55$1,025,245$767,446$701,669$915,258
56$1,074,690$749,921$670,045$921,830
57$1,127,442$729,800$635,625$928,125
58$1,183,783$706,903$598,261$934,156
59$1,244,024$681,035$557,797$939,945
60$1,308,503$651,995$514,072$945,517
61$1,377,593$619,565$466,916$950,910
62$1,451,702$583,519$416,152$956,165
63$1,531,279$543,614$361,597$961,338
64$1,616,814$499,597$303,055$966,493
65$1,708,849$451,197$240,327$971,709
66$1,807,976$398,129$173,202$977,079
67$1,914,845$340,093$101,461$982,712
68$2,030,173$276,771$24,873$988,737
69$2,154,744$207,827$0$995,303
70$2,289,423$132,905$0$1,017,749
71$2,435,158$51,632$0$1,049,175
72$2,592,993$0$0$1,083,236
73$2,764,075$0$0$1,134,683
74$2,949,664$0$0$1,212,768
75$3,151,149$0$0$1,297,632
76$3,370,055$0$0$1,389,928
77$3,608,061$0$0$1,490,377
78$3,867,012$0$0$1,599,770
79$4,148,940$0$0$1,718,978
80$4,456,081$0$0$1,848,960
81$4,790,895$0$0$1,990,772
82$5,156,089$0$0$2,145,575
83$5,554,643$0$0$2,314,648
84$5,989,838$0$0$2,499,398
85$6,465,284$0$0$2,701,375
86$6,984,957$0$0$2,922,286
87$7,553,234$0$0$3,164,009
88$8,174,932$0$0$3,428,613
89$8,855,359$0$0$3,718,375
90$9,600,357$0$0$4,035,805
91$10,416,360$0$0$4,383,664
92$11,310,453$0$0$4,764,995
93$12,290,439$0$0$5,183,150
94$13,364,914$0$0$5,641,818
95$14,543,342$0$0$6,145,064
96$15,836,148$0$0$6,697,367
97$17,254,816$0$0$7,303,659
98$18,811,995$0$0$7,969,371
99$20,521,617$0$0$8,700,490
100$22,399,031$0$0$9,503,607