Can I retire at age 51 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$63,834$63,265$62,710$62,169$61,640$60,819
2 years$31,601$31,012$30,442$29,889$29,352$28,527
3 years$20,858$20,267$19,698$19,150$18,622$17,818
4 years$15,488$14,898$14,335$13,797$13,282$12,504
5 years$12,266$11,680$11,125$10,597$10,096$9,348
6 years$10,119$9,538$8,990$8,475$7,989$7,271
7 years$8,586$8,010$7,471$6,967$6,497$5,809
8 years$7,437$6,866$6,336$5,845$5,390$4,733
9 years$6,544$5,978$5,457$4,978$4,539$3,912
10 years$5,830$5,269$4,758$4,291$3,868$3,270
11 years$5,246$4,691$4,189$3,735$3,326$2,758
12 years$4,759$4,210$3,717$3,276$2,882$2,342
13 years$4,348$3,805$3,321$2,892$2,514$2,001
14 years$3,996$3,459$2,984$2,567$2,203$1,718
15 years$3,691$3,160$2,694$2,290$1,940$1,481
16 years$3,425$2,899$2,443$2,050$1,715$1,280
17 years$3,190$2,670$2,223$1,842$1,520$1,110
18 years$2,981$2,467$2,029$1,660$1,352$965
19 years$2,795$2,286$1,858$1,500$1,205$841
20 years$2,627$2,125$1,705$1,359$1,076$734
21 years$2,476$1,979$1,568$1,233$963$642
22 years$2,338$1,847$1,445$1,121$863$562
23 years$2,213$1,728$1,334$1,021$775$492
24 years$2,098$1,619$1,234$931$697$432
25 years$1,993$1,519$1,143$850$627$379
26 years$1,896$1,428$1,060$778$565$333
27 years$1,806$1,344$984$712$509$293
28 years$1,723$1,266$915$652$459$257
29 years$1,646$1,194$852$598$415$227
30 years$1,573$1,128$793$549$375$199
31 years$1,506$1,066$739$504$339$176
32 years$1,443$1,009$690$463$306$155
33 years$1,384$956$644$426$277$136
34 years$1,329$906$602$392$251$120
35 years$1,277$859$563$361$227$106
36 years$1,228$815$526$332$206$94
37 years$1,181$774$493$306$187$83
38 years$1,138$736$461$282$169$73
39 years$1,096$700$432$260$154$64
40 years$1,057$666$405$240$139$57
41 years$1,020$634$380$221$126$50
42 years$984$604$356$204$115$44
43 years$950$575$334$189$104$39
44 years$918$548$314$174$94$34
45 years$888$523$295$161$86$30
46 years$859$499$277$149$78$27
47 years$831$476$260$137$71$24
48 years$804$454$244$127$64$21
49 years$779$434$230$117$58$18
50 years$755$414$216$108$53$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $773,000, adding $3,497 every year, while hoping to spend $52,901 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: 75/17/8 Blend
50$773,000$773,000$773,000$773,000
51$855,453$814,484$802,503$918,314
52$886,423$798,108$773,100$943,801
53$918,779$779,156$740,940$964,659
54$952,606$757,446$705,873$986,007
55$987,998$732,786$667,745$1,007,873
56$1,025,053$704,972$626,394$1,030,290
57$1,063,880$673,788$581,651$1,053,297
58$1,104,598$639,006$533,338$1,076,934
59$1,147,333$600,383$481,271$1,101,249
60$1,192,225$557,665$425,257$1,126,295
61$1,239,423$510,582$365,094$1,152,132
62$1,289,091$458,848$300,572$1,178,828
63$1,341,408$402,161$231,470$1,206,457
64$1,396,567$340,202$157,560$1,235,104
65$1,454,780$272,635$78,601$1,264,865
66$1,516,277$199,104$0$1,295,845
67$1,581,309$119,232$0$1,328,648
68$1,650,152$32,624$0$1,370,115
69$1,723,105$0$0$1,413,704
70$1,800,495$0$0$1,471,042
71$1,882,680$0$0$1,538,431
72$1,970,052$0$0$1,610,089
73$2,063,039$0$0$1,686,371
74$2,162,110$0$0$1,767,663
75$2,267,778$0$0$1,854,389
76$2,380,606$0$0$1,947,014
77$2,501,211$0$0$2,046,046
78$2,630,267$0$0$2,152,043
79$2,768,516$0$0$2,265,617
80$2,916,770$0$0$2,387,438
81$3,075,921$0$0$2,518,243
82$3,246,946$0$0$2,658,840
83$3,430,921$0$0$2,810,115
84$3,629,024$0$0$2,973,042
85$3,842,550$0$0$3,148,692
86$4,072,922$0$0$3,338,238
87$4,321,702$0$0$3,542,972
88$4,590,608$0$0$3,764,312
89$4,881,528$0$0$4,003,817
90$5,196,536$0$0$4,263,202
91$5,537,912$0$0$4,544,350
92$5,908,167$0$0$4,849,334
93$6,310,056$0$0$5,180,433
94$6,746,616$0$0$5,540,152
95$7,221,181$0$0$5,931,248
96$7,737,424$0$0$6,356,756
97$8,299,384$0$0$6,820,012
98$8,911,506$0$0$7,324,688
99$9,578,679$0$0$7,874,826
100$10,306,288$0$0$8,474,873