Can I retire at age 51 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$64,329$63,756$63,197$62,651$62,119$61,727
2 years$31,846$31,253$30,678$30,121$29,580$29,185
3 years$21,020$20,424$19,851$19,299$18,767$18,381
4 years$15,608$15,014$14,446$13,904$13,385$13,010
5 years$12,361$11,771$11,211$10,679$10,175$9,813
6 years$10,198$9,612$9,060$8,540$8,051$7,703
7 years$8,653$8,072$7,529$7,021$6,548$6,213
8 years$7,495$6,919$6,385$5,890$5,432$5,111
9 years$6,595$6,025$5,500$5,017$4,574$4,267
10 years$5,875$5,310$4,795$4,325$3,898$3,603
11 years$5,286$4,727$4,221$3,764$3,352$3,071
12 years$4,796$4,243$3,746$3,301$2,905$2,637
13 years$4,382$3,835$3,347$2,915$2,533$2,277
14 years$4,027$3,485$3,007$2,587$2,221$1,977
15 years$3,720$3,184$2,715$2,307$1,955$1,724
16 years$3,451$2,921$2,462$2,066$1,728$1,508
17 years$3,215$2,690$2,240$1,856$1,532$1,324
18 years$3,004$2,486$2,045$1,673$1,362$1,165
19 years$2,816$2,304$1,872$1,512$1,214$1,027
20 years$2,648$2,141$1,718$1,369$1,085$908
21 years$2,495$1,994$1,580$1,243$971$803
22 years$2,356$1,862$1,456$1,130$870$712
23 years$2,230$1,741$1,345$1,029$781$632
24 years$2,115$1,631$1,244$938$702$562
25 years$2,008$1,531$1,152$857$632$500
26 years$1,911$1,439$1,068$784$569$445
27 years$1,820$1,354$992$717$513$397
28 years$1,736$1,276$922$657$463$354
29 years$1,658$1,204$858$603$418$316
30 years$1,586$1,137$799$553$378$282
31 years$1,518$1,075$745$508$341$252
32 years$1,455$1,017$695$467$309$225
33 years$1,395$963$649$429$279$201
34 years$1,339$913$607$395$253$180
35 years$1,287$866$567$364$229$161
36 years$1,237$822$531$335$208$144
37 years$1,191$780$497$309$188$129
38 years$1,146$742$465$284$171$115
39 years$1,105$705$436$262$155$103
40 years$1,065$671$408$242$140$92
41 years$1,027$639$383$223$127$83
42 years$992$608$359$206$116$74
43 years$958$580$337$190$105$66
44 years$926$552$316$176$95$60
45 years$895$527$297$162$86$53
46 years$865$503$279$150$78$48
47 years$837$480$262$138$71$43
48 years$811$458$246$128$65$38
49 years$785$437$232$118$59$34
50 years$761$418$218$109$53$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $779,000, adding $3,083 every year, while hoping to spend $40,284 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: 44/40/16 Blend
50$779,000$779,000$779,000$779,000
51$861,638$820,351$808,277$895,445
52$906,663$817,686$792,492$916,764
53$954,931$813,541$774,828$935,602
54$1,006,729$807,800$755,181$955,157
55$1,062,374$800,341$733,438$975,514
56$1,122,214$791,035$709,485$996,766
57$1,186,628$779,744$683,201$1,019,022
58$1,256,036$766,323$654,460$1,042,403
59$1,330,897$750,618$623,130$1,067,045
60$1,411,716$732,467$589,073$1,093,102
61$1,499,049$711,695$552,145$1,120,746
62$1,593,505$688,121$512,195$1,150,173
63$1,695,754$661,551$469,065$1,181,599
64$1,806,534$631,780$422,591$1,215,270
65$1,926,654$598,591$372,602$1,251,458
66$2,057,006$561,755$318,917$1,290,471
67$2,198,570$521,030$261,350$1,332,650
68$2,352,423$476,159$199,704$1,378,379
69$2,519,751$426,872$133,776$1,428,086
70$2,701,860$372,883$63,351$1,482,247
71$2,900,184$313,889$0$1,541,395
72$3,116,303$249,570$0$1,608,140
73$3,351,956$179,588$0$1,692,799
74$3,609,056$103,589$0$1,785,325
75$3,889,709$21,194$0$1,886,580
76$4,196,233$0$0$1,997,521
77$4,531,180$0$0$2,149,137
78$4,897,361$0$0$2,325,181
79$5,297,868$0$0$2,517,821
80$5,736,107$0$0$2,728,708
81$6,215,829$0$0$2,959,658
82$6,741,164$0$0$3,212,673
83$7,316,660$0$0$3,489,956
84$7,947,325$0$0$3,793,933
85$8,638,676$0$0$4,127,279
86$9,396,786$0$0$4,492,937
87$10,228,349$0$0$4,894,148
88$11,140,734$0$0$5,334,486
89$12,142,058$0$0$5,817,884
90$13,241,263$0$0$6,348,676
91$14,448,201$0$0$6,931,635
92$15,773,720$0$0$7,572,022
93$17,229,774$0$0$8,275,629
94$18,829,530$0$0$9,048,838
95$20,587,494$0$0$9,898,681
96$22,519,647$0$0$10,832,904
97$24,643,595$0$0$11,860,042
98$26,978,735$0$0$12,989,496
99$29,546,436$0$0$14,231,627
100$32,370,242$0$0$15,597,846