Can I retire at age 51 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$63,668$63,101$62,548$62,008$61,481$59,680
2 years$31,519$30,932$30,363$29,812$29,276$27,477
3 years$20,804$20,214$19,647$19,101$18,574$16,832
4 years$15,447$14,860$14,298$13,761$13,247$11,576
5 years$12,234$11,650$11,096$10,570$10,070$8,475
6 years$10,093$9,513$8,967$8,453$7,968$6,450
7 years$8,564$7,989$7,452$6,949$6,480$5,038
8 years$7,418$6,848$6,320$5,830$5,376$4,010
9 years$6,527$5,963$5,443$4,966$4,527$3,236
10 years$5,815$5,256$4,745$4,280$3,858$2,639
11 years$5,232$4,679$4,178$3,725$3,318$2,170
12 years$4,747$4,200$3,708$3,268$2,875$1,796
13 years$4,337$3,795$3,313$2,885$2,507$1,494
14 years$3,986$3,450$2,976$2,561$2,198$1,248
15 years$3,682$3,151$2,687$2,284$1,935$1,046
16 years$3,416$2,891$2,436$2,045$1,710$879
17 years$3,182$2,663$2,217$1,837$1,516$741
18 years$2,973$2,461$2,024$1,656$1,348$626
19 years$2,788$2,280$1,853$1,496$1,202$529
20 years$2,620$2,119$1,700$1,355$1,073$448
21 years$2,469$1,974$1,564$1,230$961$380
22 years$2,332$1,842$1,441$1,118$861$322
23 years$2,207$1,723$1,331$1,018$773$274
24 years$2,093$1,615$1,231$929$695$233
25 years$1,988$1,515$1,140$848$625$198
26 years$1,891$1,424$1,057$776$563$168
27 years$1,801$1,340$982$710$508$143
28 years$1,718$1,263$913$650$458$122
29 years$1,641$1,191$849$596$414$104
30 years$1,569$1,125$791$547$374$89
31 years$1,502$1,064$738$503$338$75
32 years$1,440$1,006$688$462$306$64
33 years$1,381$953$643$425$277$55
34 years$1,325$903$600$391$250$47
35 years$1,274$857$561$360$227$40
36 years$1,225$813$525$331$206$34
37 years$1,178$772$491$305$186$29
38 years$1,135$734$460$281$169$25
39 years$1,093$698$431$260$153$21
40 years$1,054$664$404$239$139$18
41 years$1,017$632$379$221$126$15
42 years$982$602$355$204$114$13
43 years$948$574$334$188$104$11
44 years$916$547$313$174$94$10
45 years$886$521$294$160$86$8
46 years$857$497$276$148$78$7
47 years$829$475$259$137$71$6
48 years$802$453$244$127$64$5
49 years$777$433$229$117$58$4
50 years$753$413$215$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $771,000, adding $2,515 every year, while hoping to spend $26,838 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: 77/9/14 Blend
50$771,000$771,000$771,000$771,000
51$852,236$811,373$799,423$915,199
52$910,609$822,575$797,648$968,262
53$974,036$833,426$794,914$1,022,790
54$1,043,005$843,881$791,161$1,081,838
55$1,118,052$853,892$786,325$1,145,848
56$1,199,766$863,406$780,340$1,215,304
57$1,288,797$872,367$773,136$1,290,743
58$1,385,858$880,717$764,641$1,372,755
59$1,491,737$888,393$754,777$1,461,990
60$1,607,297$895,328$743,465$1,559,163
61$1,733,492$901,449$730,622$1,665,065
62$1,871,369$906,682$716,159$1,780,565
63$2,022,084$910,944$699,985$1,906,622
64$2,186,906$914,150$682,004$2,044,292
65$2,367,235$916,208$662,116$2,194,740
66$2,564,611$917,020$640,215$2,359,247
67$2,780,731$916,484$616,192$2,539,229
68$3,017,464$914,489$589,932$2,736,243
69$3,276,865$910,919$561,315$2,952,007
70$3,561,201$905,650$530,215$3,188,414
71$3,872,968$898,551$496,501$3,447,550
72$4,214,913$889,483$460,036$3,731,715
73$4,590,064$878,298$420,678$4,043,441
74$5,001,756$864,839$378,275$4,385,523
75$5,453,660$848,941$332,672$4,761,039
76$5,949,823$830,429$283,706$5,173,381
77$6,494,701$809,116$231,207$5,626,289
78$7,093,203$784,806$174,995$6,123,885
79$7,750,738$757,289$114,886$6,670,711
80$8,473,263$726,347$50,684$7,271,775
81$9,267,343$691,744$0$7,932,593
82$10,140,207$653,235$0$8,661,913
83$11,099,823$610,558$0$9,472,026
84$12,154,967$563,438$0$10,362,775
85$13,315,309$511,582$0$11,342,338
86$14,591,503$454,682$0$12,419,725
87$15,995,287$392,412$0$13,604,865
88$17,539,593$324,427$0$14,908,700
89$19,238,672$250,363$0$16,343,287
90$21,108,222$169,837$0$17,921,911
91$23,165,544$82,442$0$19,659,214
92$25,429,698$0$0$21,571,326
93$27,921,685$0$0$23,677,241
94$30,664,647$0$0$26,004,268
95$33,684,081$0$0$28,565,878
96$37,008,085$0$0$31,385,912
97$40,667,617$0$0$34,490,637
98$44,696,788$0$0$37,909,000
99$49,133,190$0$0$41,672,897
100$54,018,240$0$0$45,817,472