Can I retire at age 51 with 776,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$64,081$63,511$62,954$62,410$61,879$59,518
2 years$31,723$31,133$30,560$30,005$29,466$27,115
3 years$20,939$20,346$19,774$19,224$18,695$16,428
4 years$15,548$14,956$14,391$13,850$13,333$11,168
5 years$12,314$11,726$11,168$10,638$10,136$8,077
6 years$10,159$9,575$9,025$8,507$8,020$6,070
7 years$8,620$8,041$7,500$6,994$6,522$4,680
8 years$7,466$6,893$6,361$5,867$5,411$3,674
9 years$6,569$6,001$5,478$4,998$4,557$2,924
10 years$5,852$5,290$4,776$4,308$3,883$2,350
11 years$5,266$4,709$4,205$3,749$3,339$1,904
12 years$4,778$4,227$3,732$3,289$2,894$1,552
13 years$4,365$3,820$3,334$2,903$2,523$1,271
14 years$4,012$3,472$2,996$2,577$2,212$1,045
15 years$3,706$3,172$2,705$2,299$1,948$862
16 years$3,438$2,910$2,452$2,058$1,721$712
17 years$3,202$2,680$2,231$1,849$1,526$590
18 years$2,993$2,476$2,037$1,666$1,357$490
19 years$2,806$2,295$1,865$1,506$1,210$407
20 years$2,637$2,133$1,711$1,364$1,080$339
21 years$2,485$1,987$1,574$1,238$967$282
22 years$2,347$1,854$1,451$1,125$867$235
23 years$2,222$1,734$1,340$1,025$778$196
24 years$2,106$1,625$1,239$935$699$164
25 years$2,001$1,525$1,147$854$629$137
26 years$1,903$1,433$1,064$781$567$114
27 years$1,813$1,349$988$714$511$95
28 years$1,730$1,271$919$655$461$80
29 years$1,652$1,199$855$600$416$67
30 years$1,580$1,132$796$551$376$56
31 years$1,512$1,070$742$506$340$47
32 years$1,449$1,013$693$465$308$39
33 years$1,390$959$647$428$278$33
34 years$1,334$909$604$393$252$27
35 years$1,282$862$565$362$228$23
36 years$1,232$818$528$334$207$19
37 years$1,186$777$495$307$187$16
38 years$1,142$739$463$283$170$13
39 years$1,100$702$434$261$154$11
40 years$1,061$668$407$241$140$9
41 years$1,023$636$381$222$127$8
42 years$988$606$358$205$115$7
43 years$954$577$336$189$104$5
44 years$922$550$315$175$95$5
45 years$891$525$296$161$86$4
46 years$862$501$278$149$78$3
47 years$834$478$261$138$71$3
48 years$808$456$245$127$64$2
49 years$782$435$231$118$59$2
50 years$758$416$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $776,000, adding $6,751 every year, while hoping to spend $53,271 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: 61/23/16 Blend
50$776,000$776,000$776,000$776,000
51$862,116$820,988$808,960$910,832
52$893,372$804,536$779,380$928,000
53$926,030$785,493$747,024$940,150
54$960,178$763,675$711,742$952,152
55$995,910$738,889$673,379$963,997
56$1,033,326$710,928$631,771$975,677
57$1,072,538$679,576$586,748$987,186
58$1,113,665$644,603$538,131$998,520
59$1,156,836$605,766$485,736$1,009,675
60$1,202,191$562,807$429,367$1,020,653
61$1,249,886$515,455$368,821$1,031,458
62$1,300,084$463,423$303,887$1,042,098
63$1,352,968$406,406$234,343$1,052,583
64$1,408,736$344,084$159,958$1,062,932
65$1,467,601$276,118$80,490$1,073,168
66$1,529,798$202,150$0$1,083,320
67$1,595,583$121,801$0$1,094,162
68$1,665,235$34,672$0$1,119,716
69$1,739,059$0$0$1,146,329
70$1,817,388$0$0$1,189,217
71$1,900,587$0$0$1,244,122
72$1,989,053$0$0$1,302,536
73$2,083,223$0$0$1,364,750
74$2,183,574$0$0$1,431,086
75$2,290,629$0$0$1,501,892
76$2,404,959$0$0$1,577,553
77$2,527,192$0$0$1,658,489
78$2,658,017$0$0$1,745,161
79$2,798,187$0$0$1,838,075
80$2,948,529$0$0$1,937,786
81$3,109,951$0$0$2,044,903
82$3,283,450$0$0$2,160,093
83$3,470,119$0$0$2,284,092
84$3,671,158$0$0$2,417,704
85$3,887,886$0$0$2,561,814
86$4,121,752$0$0$2,717,395
87$4,374,347$0$0$2,885,514
88$4,647,421$0$0$3,067,347
89$4,942,895$0$0$3,264,183
90$5,262,882$0$0$3,477,442
91$5,609,707$0$0$3,708,683
92$5,985,923$0$0$3,959,621
93$6,394,340$0$0$4,232,143
94$6,838,048$0$0$4,528,326
95$7,320,446$0$0$4,850,450
96$7,845,273$0$0$5,201,029
97$8,416,644$0$0$5,582,825
98$9,039,086$0$0$5,998,880
99$9,717,582$0$0$6,452,541
100$10,457,614$0$0$6,947,492