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%13.3%
1 years$63,916$63,347$62,791$62,249$61,720$60,873
2 years$31,642$31,052$30,481$29,928$29,390$28,539
3 years$20,885$20,293$19,723$19,175$18,646$17,816
4 years$15,508$14,918$14,354$13,814$13,299$12,497
5 years$12,282$11,696$11,139$10,611$10,110$9,338
6 years$10,132$9,550$9,002$8,486$7,999$7,259
7 years$8,597$8,020$7,481$6,976$6,506$5,797
8 years$7,447$6,875$6,344$5,852$5,397$4,720
9 years$6,552$5,986$5,464$4,985$4,545$3,899
10 years$5,837$5,276$4,764$4,297$3,873$3,257
11 years$5,253$4,697$4,194$3,740$3,331$2,745
12 years$4,766$4,216$3,722$3,280$2,886$2,330
13 years$4,354$3,810$3,325$2,896$2,517$1,989
14 years$4,001$3,463$2,988$2,571$2,206$1,707
15 years$3,696$3,164$2,698$2,293$1,943$1,470
16 years$3,429$2,903$2,446$2,053$1,717$1,270
17 years$3,194$2,673$2,226$1,844$1,522$1,101
18 years$2,985$2,470$2,032$1,662$1,354$956
19 years$2,798$2,289$1,860$1,502$1,206$833
20 years$2,631$2,127$1,707$1,360$1,078$726
21 years$2,479$1,981$1,570$1,235$964$634
22 years$2,341$1,850$1,447$1,122$864$555
23 years$2,216$1,730$1,336$1,022$776$486
24 years$2,101$1,621$1,236$932$697$426
25 years$1,995$1,521$1,144$851$628$373
26 years$1,898$1,430$1,061$779$565$328
27 years$1,808$1,345$986$713$510$288
28 years$1,725$1,268$916$653$460$253
29 years$1,648$1,196$853$599$415$223
30 years$1,576$1,129$794$550$375$196
31 years$1,508$1,068$740$505$339$172
32 years$1,445$1,010$691$464$307$152
33 years$1,386$957$645$427$278$134
34 years$1,331$907$603$392$251$118
35 years$1,278$860$563$361$228$104
36 years$1,229$816$527$333$206$91
37 years$1,183$775$493$307$187$81
38 years$1,139$737$462$283$170$71
39 years$1,098$701$433$261$154$63
40 years$1,058$667$406$240$139$55
41 years$1,021$635$380$222$127$49
42 years$985$604$357$205$115$43
43 years$952$576$335$189$104$38
44 years$920$549$314$174$95$33
45 years$889$523$295$161$86$29
46 years$860$499$277$149$78$26
47 years$832$476$260$137$71$23
48 years$805$455$245$127$64$20
49 years$780$434$230$117$58$18
50 years$756$415$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 $774,000, adding $4,080 every year, while hoping to spend $33,990 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: 72/11/17 Blend
50$774,000$774,000$774,000$774,000
51$857,157$816,135$804,138$915,203
52$908,421$819,960$794,911$958,112
53$963,776$822,834$784,236$1,000,585
54$1,023,602$824,673$772,029$1,046,220
55$1,088,318$825,391$758,200$1,095,324
56$1,158,384$824,893$742,658$1,148,235
57$1,234,308$823,081$725,306$1,205,327
58$1,316,646$819,851$706,042$1,267,012
59$1,406,010$815,089$684,760$1,333,745
60$1,503,074$808,680$661,350$1,406,026
61$1,608,578$800,496$635,696$1,484,409
62$1,723,337$790,404$607,677$1,569,504
63$1,848,249$778,266$577,165$1,661,983
64$1,984,299$763,929$544,029$1,762,590
65$2,132,574$747,238$508,130$1,872,144
66$2,294,267$728,024$469,324$1,991,547
67$2,470,695$706,109$427,459$2,121,796
68$2,663,305$681,307$382,377$2,263,991
69$2,873,689$653,419$333,914$2,419,344
70$3,103,603$622,233$281,897$2,589,192
71$3,354,976$587,529$226,147$2,775,011
72$3,629,937$549,071$166,476$2,978,427
73$3,930,825$506,610$102,687$3,201,236
74$4,260,218$459,883$34,577$3,445,417
75$4,620,956$408,613$0$3,713,151
76$5,016,165$352,506$0$4,013,761
77$5,449,286$291,252$0$4,350,130
78$5,924,113$224,522$0$4,718,951
79$6,444,820$151,971$0$5,123,496
80$7,016,007$73,234$0$5,567,374
81$7,642,741$0$0$6,054,558
82$8,330,601$0$0$6,590,891
83$9,085,734$0$0$7,189,447
84$9,914,912$0$0$7,846,734
85$10,825,592$0$0$8,568,669
86$11,825,991$0$0$9,361,771
87$12,925,161$0$0$10,233,221
88$14,133,073$0$0$11,190,930
89$15,460,713$0$0$12,243,614
90$16,920,184$0$0$13,400,875
91$18,524,818$0$0$14,673,292
92$20,289,307$0$0$16,072,519
93$22,229,834$0$0$17,611,397
94$24,364,233$0$0$19,304,075
95$26,712,149$0$0$21,166,140
96$29,295,230$0$0$23,214,767
97$32,137,326$0$0$25,468,878
98$35,264,716$0$0$27,949,325
99$38,706,355$0$0$30,679,079
100$42,494,148$0$0$33,683,455