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%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 $6,811 every year, while hoping to spend $29,050 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: 71/17/12 Blend
50$770,000$770,000$770,000$770,000
51$855,566$814,756$802,821$913,677
52$911,924$823,770$798,806$962,099
53$973,058$832,252$793,683$1,010,891
54$1,039,423$840,145$787,385$1,063,528
55$1,111,521$847,389$779,839$1,120,383
56$1,189,905$853,920$770,973$1,181,867
57$1,275,182$859,668$760,707$1,248,435
58$1,368,020$864,562$748,960$1,320,585
59$1,469,154$868,522$735,646$1,398,869
60$1,579,395$871,466$720,678$1,483,895
61$1,699,632$873,307$703,959$1,576,332
62$1,830,847$873,951$685,394$1,676,918
63$1,974,117$873,299$664,879$1,786,468
64$2,130,632$871,246$642,307$1,905,879
65$2,301,699$867,679$617,567$2,036,140
66$2,488,757$862,480$590,541$2,178,343
67$2,693,393$855,524$561,106$2,333,691
68$2,917,351$846,677$529,135$2,503,508
69$3,162,553$835,796$494,493$2,689,258
70$3,431,116$822,733$457,042$2,892,553
71$3,725,372$807,329$416,634$3,115,170
72$4,047,886$789,414$373,117$3,359,069
73$4,401,486$768,811$326,333$3,626,410
74$4,789,286$745,331$276,113$3,919,575
75$5,214,715$718,775$222,285$4,241,191
76$5,681,551$688,930$164,667$4,594,154
77$6,193,955$655,573$103,069$4,981,655
78$6,756,510$618,468$37,293$5,407,214
79$7,374,265$577,363$0$5,874,711
80$8,052,782$531,996$0$6,392,637
81$8,798,186$482,085$0$6,966,865
82$9,617,229$427,335$0$7,597,843
83$10,517,346$367,433$0$8,291,333
84$11,506,728$302,050$0$9,053,686
85$12,594,400$230,837$0$9,891,900
86$13,790,305$153,424$0$10,813,689
87$15,105,398$69,424$0$11,827,554
88$16,551,748$0$0$12,942,866
89$18,142,651$0$0$14,173,987
90$19,892,760$0$0$15,542,639
91$21,818,216$0$0$17,048,466
92$23,936,804$0$0$18,705,381
93$26,268,122$0$0$20,528,719
94$28,833,762$0$0$22,535,372
95$31,657,516$0$0$24,743,953
96$34,765,598$0$0$27,174,975
97$38,186,893$0$0$29,851,035
98$41,953,229$0$0$32,797,037
99$46,099,676$0$0$36,040,418
100$50,664,879$0$0$39,611,414