Can I retire at age 51 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$63,916$63,347$62,791$62,249$61,720$59,483
2 years$31,642$31,052$30,481$29,928$29,390$27,161
3 years$20,885$20,293$19,723$19,175$18,646$16,495
4 years$15,508$14,918$14,354$13,814$13,299$11,242
5 years$12,282$11,696$11,139$10,611$10,110$8,152
6 years$10,132$9,550$9,002$8,486$7,999$6,143
7 years$8,597$8,020$7,481$6,976$6,506$4,750
8 years$7,447$6,875$6,344$5,852$5,397$3,741
9 years$6,552$5,986$5,464$4,985$4,545$2,986
10 years$5,837$5,276$4,764$4,297$3,873$2,407
11 years$5,253$4,697$4,194$3,740$3,331$1,956
12 years$4,766$4,216$3,722$3,280$2,886$1,600
13 years$4,354$3,810$3,325$2,896$2,517$1,315
14 years$4,001$3,463$2,988$2,571$2,206$1,085
15 years$3,696$3,164$2,698$2,293$1,943$898
16 years$3,429$2,903$2,446$2,053$1,717$745
17 years$3,194$2,673$2,226$1,844$1,522$619
18 years$2,985$2,470$2,032$1,662$1,354$516
19 years$2,798$2,289$1,860$1,502$1,206$431
20 years$2,631$2,127$1,707$1,360$1,078$360
21 years$2,479$1,981$1,570$1,235$964$301
22 years$2,341$1,850$1,447$1,122$864$252
23 years$2,216$1,730$1,336$1,022$776$211
24 years$2,101$1,621$1,236$932$697$177
25 years$1,995$1,521$1,144$851$628$148
26 years$1,898$1,430$1,061$779$565$124
27 years$1,808$1,345$986$713$510$104
28 years$1,725$1,268$916$653$460$87
29 years$1,648$1,196$853$599$415$73
30 years$1,576$1,129$794$550$375$62
31 years$1,508$1,068$740$505$339$52
32 years$1,445$1,010$691$464$307$43
33 years$1,386$957$645$427$278$36
34 years$1,331$907$603$392$251$31
35 years$1,278$860$563$361$228$26
36 years$1,229$816$527$333$206$22
37 years$1,183$775$493$307$187$18
38 years$1,139$737$462$283$170$15
39 years$1,098$701$433$261$154$13
40 years$1,058$667$406$240$139$11
41 years$1,021$635$380$222$127$9
42 years$985$604$357$205$115$8
43 years$952$576$335$189$104$6
44 years$920$549$314$174$95$5
45 years$889$523$295$161$86$5
46 years$860$499$277$149$78$4
47 years$832$476$260$137$71$3
48 years$805$455$245$127$64$3
49 years$780$434$230$117$58$2
50 years$756$415$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $774,000, adding $4,915 every year, while hoping to spend $39,578 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: 28/48/24 Blend
50$774,000$774,000$774,000$774,000
51$858,018$816,996$804,999$875,491
52$903,425$814,918$789,856$887,536
53$952,137$811,412$772,879$896,670
54$1,004,450$806,365$753,965$905,661
55$1,060,687$799,661$733,006$914,524
56$1,121,204$791,171$709,889$923,276
57$1,186,393$780,764$684,496$931,942
58$1,256,681$768,298$656,703$940,553
59$1,332,542$753,624$626,381$949,147
60$1,414,492$736,582$593,396$957,770
61$1,503,101$717,006$557,605$966,479
62$1,598,994$694,716$518,862$975,340
63$1,702,860$669,526$477,013$984,433
64$1,815,454$641,235$431,895$993,851
65$1,937,608$609,633$383,341$1,003,704
66$2,070,237$574,498$331,176$1,014,117
67$2,214,346$535,594$275,216$1,025,237
68$2,371,043$492,670$215,268$1,037,232
69$2,541,543$445,465$151,134$1,050,296
70$2,727,187$393,700$82,603$1,064,650
71$2,929,449$337,080$9,459$1,080,547
72$3,149,950$275,294$0$1,098,275
73$3,390,475$208,014$0$1,135,726
74$3,652,990$134,893$0$1,179,432
75$3,939,657$55,565$0$1,227,449
76$4,252,858$0$0$1,280,318
77$4,595,212$0$0$1,354,675
78$4,969,606$0$0$1,468,207
79$5,379,217$0$0$1,592,542
80$5,827,544$0$0$1,728,759
81$6,318,439$0$0$1,878,044
82$6,856,145$0$0$2,041,704
83$7,445,334$0$0$2,221,178
84$8,091,150$0$0$2,418,052
85$8,799,261$0$0$2,634,073
86$9,575,908$0$0$2,871,163
87$10,427,965$0$0$3,131,441
88$11,363,005$0$0$3,417,241
89$12,389,367$0$0$3,731,134
90$13,516,239$0$0$4,075,952
91$14,753,742$0$0$4,454,815
92$16,113,024$0$0$4,871,161
93$17,606,366$0$0$5,328,775
94$19,247,298$0$0$5,831,830
95$21,050,725$0$0$6,384,921
96$23,033,068$0$0$6,993,113
97$25,212,418$0$0$7,661,983
98$27,608,706$0$0$8,397,678
99$30,243,890$0$0$9,206,971
100$33,142,166$0$0$10,097,323