Can I retire at age 51 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$64,247$63,674$63,116$62,571$62,039$61,674
2 years$31,805$31,213$30,639$30,082$29,542$29,174
3 years$20,993$20,398$19,825$19,274$18,743$18,383
4 years$15,588$14,995$14,428$13,886$13,368$13,018
5 years$12,346$11,756$11,197$10,666$10,162$9,825
6 years$10,185$9,600$9,048$8,529$8,041$7,716
7 years$8,642$8,062$7,519$7,012$6,539$6,227
8 years$7,485$6,910$6,377$5,883$5,425$5,125
9 years$6,586$6,017$5,492$5,011$4,569$4,281
10 years$5,867$5,303$4,788$4,319$3,893$3,618
11 years$5,280$4,721$4,216$3,759$3,348$3,085
12 years$4,790$4,238$3,741$3,297$2,901$2,650
13 years$4,376$3,830$3,343$2,911$2,530$2,291
14 years$4,022$3,481$3,003$2,584$2,218$1,990
15 years$3,715$3,180$2,712$2,304$1,953$1,736
16 years$3,447$2,918$2,458$2,063$1,726$1,520
17 years$3,210$2,687$2,237$1,854$1,530$1,335
18 years$3,000$2,483$2,042$1,671$1,361$1,175
19 years$2,813$2,301$1,870$1,510$1,213$1,037
20 years$2,644$2,138$1,716$1,367$1,083$917
21 years$2,492$1,992$1,578$1,241$969$813
22 years$2,353$1,859$1,455$1,128$869$721
23 years$2,227$1,739$1,343$1,028$780$640
24 years$2,112$1,629$1,242$937$701$570
25 years$2,006$1,529$1,150$856$631$507
26 years$1,908$1,437$1,067$783$568$452
27 years$1,818$1,352$991$716$512$403
28 years$1,734$1,274$921$656$462$360
29 years$1,656$1,202$857$602$417$321
30 years$1,584$1,135$798$552$377$287
31 years$1,516$1,073$744$507$341$257
32 years$1,453$1,016$694$466$308$229
33 years$1,393$962$648$429$279$205
34 years$1,338$911$606$394$253$184
35 years$1,285$865$566$363$229$164
36 years$1,236$821$530$334$207$147
37 years$1,189$779$496$308$188$132
38 years$1,145$741$464$284$170$118
39 years$1,103$704$435$262$155$106
40 years$1,064$670$408$242$140$95
41 years$1,026$638$382$223$127$85
42 years$991$607$359$206$115$76
43 years$957$579$337$190$105$68
44 years$924$552$316$175$95$61
45 years$894$526$297$162$86$55
46 years$864$502$279$150$78$49
47 years$836$479$262$138$71$44
48 years$810$457$246$128$65$40
49 years$784$437$231$118$59$36
50 years$760$417$217$109$53$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $778,000, adding $2,088 every year, while hoping to spend $42,886 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: 48/47/5 Blend
50$778,000$778,000$778,000$778,000
51$859,510$818,276$806,217$899,583
52$901,549$812,741$787,595$921,650
53$946,440$805,497$766,911$940,861
54$994,426$796,417$744,053$960,694
55$1,045,778$785,361$718,899$981,220
56$1,100,790$772,187$691,324$1,002,515
57$1,159,786$756,739$661,199$1,024,668
58$1,223,122$738,857$628,387$1,047,782
59$1,291,186$718,367$592,744$1,071,968
60$1,364,407$695,086$554,120$1,097,357
61$1,443,254$668,824$512,361$1,124,094
62$1,528,244$639,374$467,303$1,152,342
63$1,619,942$606,521$418,775$1,182,286
64$1,718,972$570,036$366,600$1,214,133
65$1,826,018$529,678$310,592$1,248,118
66$1,941,831$485,192$250,556$1,284,501
67$2,067,238$436,307$186,290$1,323,578
68$2,203,148$382,737$117,582$1,365,675
69$2,350,560$324,182$44,212$1,411,164
70$2,510,573$260,323$0$1,460,454
71$2,684,395$190,822$0$1,515,828
72$2,873,356$115,325$0$1,578,615
73$3,078,918$33,456$0$1,647,044
74$3,302,691$0$0$1,721,770
75$3,546,444$0$0$1,832,064
76$3,812,128$0$0$1,971,218
77$4,101,885$0$0$2,123,063
78$4,418,076$0$0$2,288,845
79$4,763,300$0$0$2,469,938
80$5,140,416$0$0$2,667,853
81$5,552,572$0$0$2,884,254
82$6,003,235$0$0$3,120,972
83$6,496,221$0$0$3,380,025
84$7,035,733$0$0$3,663,635
85$7,626,396$0$0$3,974,246
86$8,273,308$0$0$4,314,552
87$8,982,079$0$0$4,687,520
88$9,758,888$0$0$5,096,416
89$10,610,542$0$0$5,544,839
90$11,544,537$0$0$6,036,752
91$12,569,128$0$0$6,576,519
92$13,693,409$0$0$7,168,950
93$14,927,397$0$0$7,819,339
94$16,282,126$0$0$8,533,522
95$17,769,750$0$0$9,317,925
96$19,403,657$0$0$10,179,627
97$21,198,596$0$0$11,126,428
98$23,170,815$0$0$12,166,919
99$25,338,215$0$0$13,310,567
100$27,720,515$0$0$14,567,800