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%12.6%
1 years$63,586$63,019$62,467$61,928$61,401$60,734
2 years$31,478$30,892$30,324$29,773$29,239$28,567
3 years$20,777$20,188$19,621$19,076$18,550$17,895
4 years$15,427$14,840$14,279$13,743$13,230$12,597
5 years$12,219$11,635$11,081$10,556$10,057$9,447
6 years$10,080$9,501$8,955$8,442$7,958$7,372
7 years$8,553$7,979$7,442$6,940$6,472$5,910
8 years$7,408$6,839$6,311$5,822$5,369$4,831
9 years$6,519$5,955$5,436$4,959$4,522$4,007
10 years$5,807$5,249$4,739$4,275$3,853$3,362
11 years$5,225$4,673$4,172$3,720$3,313$2,846
12 years$4,741$4,194$3,703$3,263$2,871$2,426
13 years$4,331$3,790$3,308$2,881$2,504$2,081
14 years$3,981$3,445$2,972$2,557$2,195$1,794
15 years$3,677$3,147$2,684$2,281$1,933$1,552
16 years$3,411$2,888$2,433$2,042$1,708$1,348
17 years$3,177$2,659$2,214$1,835$1,514$1,174
18 years$2,970$2,457$2,021$1,654$1,347$1,025
19 years$2,784$2,277$1,850$1,494$1,200$897
20 years$2,617$2,116$1,698$1,353$1,072$786
21 years$2,466$1,971$1,562$1,228$959$690
22 years$2,329$1,840$1,440$1,117$860$607
23 years$2,204$1,721$1,329$1,017$772$534
24 years$2,090$1,612$1,229$928$694$471
25 years$1,985$1,513$1,139$847$624$415
26 years$1,888$1,422$1,056$775$562$367
27 years$1,799$1,338$981$709$507$324
28 years$1,716$1,261$912$650$457$286
29 years$1,639$1,190$848$596$413$253
30 years$1,567$1,124$790$547$373$224
31 years$1,500$1,062$737$502$337$198
32 years$1,438$1,005$687$461$305$176
33 years$1,379$952$642$424$276$156
34 years$1,324$902$600$390$250$138
35 years$1,272$856$561$359$227$122
36 years$1,223$812$524$331$205$108
37 years$1,177$771$491$305$186$96
38 years$1,133$733$460$281$169$85
39 years$1,092$697$431$259$153$76
40 years$1,053$663$404$239$139$67
41 years$1,016$631$378$221$126$59
42 years$980$601$355$204$114$53
43 years$947$573$333$188$104$47
44 years$915$546$313$173$94$42
45 years$884$521$294$160$85$37
46 years$855$497$276$148$78$33
47 years$828$474$259$137$70$29
48 years$801$453$243$126$64$26
49 years$776$432$229$117$58$23
50 years$752$413$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 $770,000, adding $6,292 every year, while hoping to spend $37,071 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: 85/10/5 Blend
50$770,000$770,000$770,000$770,000
51$855,030$814,220$802,285$927,171
52$902,800$814,674$789,718$975,600
53$954,200$813,907$775,488$1,023,046
54$1,009,561$811,821$759,500$1,073,977
55$1,069,247$808,311$741,654$1,128,718
56$1,133,657$803,265$721,846$1,187,626
57$1,203,231$796,566$699,969$1,251,093
58$1,278,450$788,087$675,907$1,319,553
59$1,359,845$777,697$649,543$1,393,483
60$1,447,998$765,253$620,752$1,473,408
61$1,543,551$750,608$589,405$1,559,904
62$1,647,208$733,602$555,364$1,653,610
63$1,759,744$714,069$518,489$1,755,225
64$1,882,010$691,831$478,631$1,865,523
65$2,014,945$666,700$435,635$1,985,353
66$2,159,580$638,479$389,340$2,115,654
67$2,317,050$606,957$339,575$2,257,456
68$2,488,603$571,912$286,165$2,411,898
69$2,675,614$533,109$228,925$2,580,234
70$2,879,595$490,300$167,662$2,763,842
71$3,102,210$443,222$102,176$2,964,246
72$3,345,293$391,597$32,256$3,183,122
73$3,610,860$335,132$0$3,422,318
74$3,901,131$273,517$0$3,686,128
75$4,218,552$206,425$0$3,976,521
76$4,565,815$133,510$0$4,294,258
77$4,945,883$54,407$0$4,642,078
78$5,362,020$0$0$5,022,999
79$5,817,820$0$0$5,443,783
80$6,317,241$0$0$5,911,410
81$6,864,642$0$0$6,423,973
82$7,464,824$0$0$6,985,970
83$8,123,074$0$0$7,602,354
84$8,845,217$0$0$8,278,579
85$9,637,665$0$0$9,020,653
86$10,507,486$0$0$9,835,196
87$11,462,463$0$0$10,729,496
88$12,511,168$0$0$11,711,585
89$13,663,046$0$0$12,790,309
90$14,928,501$0$0$13,975,414
91$16,318,996$0$0$15,277,634
92$17,847,156$0$0$16,708,799
93$19,526,893$0$0$18,281,936
94$21,373,532$0$0$20,011,402
95$23,403,957$0$0$21,913,012
96$25,636,770$0$0$24,004,190
97$28,092,468$0$0$26,304,134
98$30,793,630$0$0$28,833,995
99$33,765,136$0$0$31,617,077
100$37,034,398$0$0$34,679,057