Can I retire at age 51 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$63,751$63,183$62,629$62,088$61,560$59,999
2 years$31,560$30,972$30,403$29,850$29,314$27,752
3 years$20,831$20,241$19,672$19,125$18,598$17,083
4 years$15,468$14,879$14,316$13,779$13,264$11,808
5 years$12,250$11,665$11,110$10,583$10,083$8,690
6 years$10,106$9,526$8,979$8,464$7,979$6,650
7 years$8,575$8,000$7,461$6,958$6,489$5,224
8 years$7,428$6,857$6,328$5,837$5,383$4,183
9 years$6,535$5,970$5,450$4,972$4,533$3,396
10 years$5,822$5,263$4,752$4,286$3,863$2,787
11 years$5,239$4,685$4,183$3,730$3,322$2,306
12 years$4,753$4,205$3,712$3,272$2,879$1,921
13 years$4,343$3,800$3,317$2,888$2,510$1,609
14 years$3,991$3,454$2,980$2,564$2,201$1,353
15 years$3,686$3,155$2,691$2,287$1,938$1,142
16 years$3,420$2,895$2,440$2,047$1,712$967
17 years$3,186$2,666$2,220$1,840$1,518$821
18 years$2,977$2,464$2,026$1,658$1,350$698
19 years$2,791$2,283$1,855$1,498$1,203$595
20 years$2,624$2,122$1,703$1,357$1,075$508
21 years$2,473$1,976$1,566$1,231$962$434
22 years$2,335$1,845$1,443$1,120$862$371
23 years$2,210$1,725$1,333$1,020$774$318
24 years$2,096$1,617$1,232$930$696$272
25 years$1,990$1,517$1,142$849$626$233
26 years$1,893$1,426$1,059$777$564$200
27 years$1,804$1,342$983$711$508$172
28 years$1,721$1,264$914$651$459$147
29 years$1,643$1,193$850$597$414$127
30 years$1,571$1,127$792$548$374$109
31 years$1,504$1,065$739$503$338$93
32 years$1,441$1,008$689$463$306$80
33 years$1,383$954$643$425$277$69
34 years$1,327$904$601$391$251$59
35 years$1,275$858$562$360$227$51
36 years$1,226$814$526$332$206$44
37 years$1,180$773$492$306$187$38
38 years$1,136$735$461$282$169$32
39 years$1,095$699$432$260$153$28
40 years$1,055$665$405$240$139$24
41 years$1,018$633$379$221$126$21
42 years$983$603$356$204$115$18
43 years$949$574$334$188$104$15
44 years$917$547$314$174$94$13
45 years$887$522$294$161$86$11
46 years$858$498$276$148$78$10
47 years$830$475$260$137$71$8
48 years$803$454$244$127$64$7
49 years$778$433$229$117$58$6
50 years$754$414$216$108$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $772,000, adding $2,320 every year, while hoping to spend $58,368 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: 43/32/25 Blend
50$772,000$772,000$772,000$772,000
51$853,137$812,221$800,255$883,517
52$878,054$789,917$764,961$883,098
53$903,556$764,563$726,527$876,875
54$929,642$735,950$684,789$868,984
55$956,306$703,853$639,571$859,303
56$983,544$668,036$590,691$847,703
57$1,011,345$628,249$537,958$834,047
58$1,039,698$584,229$481,175$818,189
59$1,068,586$535,695$420,134$799,975
60$1,097,990$482,353$354,617$779,239
61$1,127,886$423,889$284,398$755,808
62$1,158,246$359,975$209,240$729,497
63$1,189,035$290,261$128,897$700,107
64$1,220,212$214,380$43,111$667,431
65$1,251,732$131,942$0$631,246
66$1,283,538$42,538$0$604,237
67$1,315,569$0$0$586,344
68$1,347,753$0$0$584,977
69$1,380,005$0$0$598,570
70$1,412,233$0$0$612,098
71$1,444,330$0$0$625,508
72$1,476,174$0$0$638,742
73$1,507,629$0$0$651,734
74$1,538,539$0$0$664,407
75$1,568,733$0$0$676,678
76$1,598,014$0$0$688,453
77$1,626,163$0$0$699,625
78$1,652,936$0$0$710,077
79$1,678,059$0$0$719,676
80$1,701,224$0$0$728,275
81$1,722,090$0$0$735,710
82$1,740,276$0$0$741,797
83$1,755,357$0$0$746,334
84$1,766,859$0$0$749,092
85$1,774,258$0$0$749,821
86$1,776,966$0$0$748,241
87$1,774,336$0$0$744,040
88$1,765,645$0$0$736,874
89$1,750,093$0$0$726,361
90$1,726,792$0$0$712,077
91$1,694,757$0$0$693,552
92$1,652,898$0$0$670,267
93$1,600,004$0$0$641,644
94$1,534,739$0$0$607,047
95$1,455,620$0$0$565,769
96$1,361,008$0$0$517,030
97$1,249,087$0$0$459,967
98$1,117,853$0$0$393,624
99$965,085$0$0$316,947
100$788,332$0$0$228,769