Can I retire at age 51 with 770,000?

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 $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%14.7%
1 years$63,586$63,019$62,467$61,928$61,401$60,210
2 years$31,478$30,892$30,324$29,773$29,239$28,044
3 years$20,777$20,188$19,621$19,076$18,550$17,389
4 years$15,427$14,840$14,279$13,743$13,230$12,111
5 years$12,219$11,635$11,081$10,556$10,057$8,983
6 years$10,080$9,501$8,955$8,442$7,958$6,931
7 years$8,553$7,979$7,442$6,940$6,472$5,491
8 years$7,408$6,839$6,311$5,822$5,369$4,435
9 years$6,519$5,955$5,436$4,959$4,522$3,633
10 years$5,807$5,249$4,739$4,275$3,853$3,009
11 years$5,225$4,673$4,172$3,720$3,313$2,514
12 years$4,741$4,194$3,703$3,263$2,871$2,115
13 years$4,331$3,790$3,308$2,881$2,504$1,789
14 years$3,981$3,445$2,972$2,557$2,195$1,520
15 years$3,677$3,147$2,684$2,281$1,933$1,297
16 years$3,411$2,888$2,433$2,042$1,708$1,110
17 years$3,177$2,659$2,214$1,835$1,514$952
18 years$2,970$2,457$2,021$1,654$1,347$819
19 years$2,784$2,277$1,850$1,494$1,200$706
20 years$2,617$2,116$1,698$1,353$1,072$609
21 years$2,466$1,971$1,562$1,228$959$526
22 years$2,329$1,840$1,440$1,117$860$455
23 years$2,204$1,721$1,329$1,017$772$394
24 years$2,090$1,612$1,229$928$694$342
25 years$1,985$1,513$1,139$847$624$297
26 years$1,888$1,422$1,056$775$562$258
27 years$1,799$1,338$981$709$507$224
28 years$1,716$1,261$912$650$457$194
29 years$1,639$1,190$848$596$413$169
30 years$1,567$1,124$790$547$373$147
31 years$1,500$1,062$737$502$337$128
32 years$1,438$1,005$687$461$305$111
33 years$1,379$952$642$424$276$97
34 years$1,324$902$600$390$250$84
35 years$1,272$856$561$359$227$73
36 years$1,223$812$524$331$205$64
37 years$1,177$771$491$305$186$56
38 years$1,133$733$460$281$169$49
39 years$1,092$697$431$259$153$42
40 years$1,053$663$404$239$139$37
41 years$1,016$631$378$221$126$32
42 years$980$601$355$204$114$28
43 years$947$573$333$188$104$24
44 years$915$546$313$173$94$21
45 years$884$521$294$160$85$19
46 years$855$497$276$148$78$16
47 years$828$474$259$137$70$14
48 years$801$453$243$126$64$12
49 years$776$432$229$117$58$11
50 years$752$413$215$108$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $770,000, adding $4,957 every year, while hoping to spend $48,280 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: 71/20/9 Blend
50$770,000$770,000$770,000$770,000
51$853,653$812,843$800,908$912,510
52$889,356$801,303$776,369$940,556
53$927,083$787,579$749,390$964,823
54$966,989$771,514$719,837$990,069
55$1,009,243$752,939$687,574$1,016,379
56$1,054,031$731,679$652,453$1,043,846
57$1,101,556$707,545$614,324$1,072,577
58$1,152,039$680,339$573,028$1,102,688
59$1,205,722$649,850$528,399$1,134,309
60$1,262,870$615,858$480,265$1,167,585
61$1,323,774$578,126$428,445$1,202,678
62$1,388,750$536,405$372,749$1,239,766
63$1,458,148$490,434$312,982$1,279,048
64$1,532,348$439,935$248,936$1,320,746
65$1,611,769$384,613$180,396$1,365,104
66$1,696,869$324,158$107,139$1,412,398
67$1,788,152$258,244$28,930$1,462,928
68$1,886,168$186,523$0$1,517,033
69$1,991,525$108,630$0$1,580,322
70$2,104,886$24,178$0$1,651,279
71$2,226,982$0$0$1,727,608
72$2,358,615$0$0$1,824,644
73$2,500,666$0$0$1,935,133
74$2,654,102$0$0$2,054,509
75$2,819,987$0$0$2,183,605
76$2,999,491$0$0$2,323,334
77$3,193,897$0$0$2,474,700
78$3,404,620$0$0$2,638,809
79$3,633,212$0$0$2,816,875
80$3,881,382$0$0$3,010,235
81$4,151,009$0$0$3,220,358
82$4,444,160$0$0$3,448,860
83$4,763,110$0$0$3,697,520
84$5,110,361$0$0$3,968,295
85$5,488,665$0$0$4,263,338
86$5,901,054$0$0$4,585,020
87$6,350,862$0$0$4,935,947
88$6,841,759$0$0$5,318,993
89$7,377,785$0$0$5,737,315
90$7,963,388$0$0$6,194,394
91$8,603,465$0$0$6,694,058
92$9,303,405$0$0$7,240,525
93$10,069,145$0$0$7,838,438
94$10,907,218$0$0$8,492,908
95$11,824,823$0$0$9,209,565
96$12,829,882$0$0$9,994,607
97$13,931,125$0$0$10,854,863
98$15,138,160$0$0$11,797,850
99$16,461,574$0$0$12,831,850
100$17,913,025$0$0$13,965,981