Can I retire at age 51 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$64,412$63,838$63,278$62,732$62,198$60,572
2 years$31,887$31,293$30,718$30,160$29,618$27,991
3 years$21,047$20,450$19,876$19,323$18,791$17,213
4 years$15,628$15,033$14,465$13,921$13,402$11,886
5 years$12,377$11,786$11,225$10,693$10,188$8,738
6 years$10,211$9,624$9,072$8,551$8,061$6,679
7 years$8,664$8,082$7,539$7,031$6,556$5,242
8 years$7,505$6,928$6,393$5,898$5,439$4,192
9 years$6,603$6,032$5,507$5,024$4,580$3,399
10 years$5,882$5,317$4,801$4,330$3,903$2,786
11 years$5,293$4,734$4,227$3,769$3,356$2,302
12 years$4,803$4,249$3,751$3,306$2,909$1,915
13 years$4,388$3,839$3,351$2,918$2,536$1,602
14 years$4,032$3,490$3,011$2,591$2,223$1,346
15 years$3,725$3,188$2,719$2,310$1,958$1,134
16 years$3,456$2,925$2,465$2,069$1,730$959
17 years$3,219$2,694$2,243$1,859$1,534$813
18 years$3,008$2,489$2,047$1,675$1,364$690
19 years$2,820$2,307$1,874$1,514$1,216$587
20 years$2,651$2,144$1,720$1,371$1,086$500
21 years$2,498$1,997$1,582$1,244$972$427
22 years$2,359$1,864$1,458$1,131$871$365
23 years$2,233$1,743$1,346$1,030$782$312
24 years$2,117$1,633$1,245$940$703$267
25 years$2,011$1,533$1,153$858$632$228
26 years$1,913$1,441$1,070$785$570$195
27 years$1,822$1,356$993$718$514$167
28 years$1,738$1,278$923$658$463$143
29 years$1,660$1,205$859$603$418$123
30 years$1,588$1,138$800$554$378$105
31 years$1,520$1,076$746$509$342$90
32 years$1,456$1,018$696$467$309$78
33 years$1,397$964$650$430$280$67
34 years$1,341$914$607$395$253$57
35 years$1,288$867$568$364$229$49
36 years$1,239$823$531$335$208$42
37 years$1,192$781$497$309$188$36
38 years$1,148$743$466$285$171$31
39 years$1,106$706$436$263$155$27
40 years$1,066$672$409$242$141$23
41 years$1,029$639$383$223$127$20
42 years$993$609$360$206$116$17
43 years$959$580$337$190$105$15
44 years$927$553$317$176$95$12
45 years$896$527$297$162$87$11
46 years$867$503$279$150$79$9
47 years$839$480$262$139$71$8
48 years$812$458$247$128$65$7
49 years$786$438$232$118$59$6
50 years$762$418$218$109$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $780,000, adding $3,183 every year, while hoping to spend $34,623 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: 42/39/19 Blend
50$780,000$780,000$780,000$780,000
51$862,843$821,503$809,413$894,160
52$914,015$824,918$799,690$920,073
53$969,245$827,340$788,481$944,505
54$1,028,912$828,684$775,699$970,242
55$1,093,431$828,859$761,254$997,423
56$1,163,256$827,769$745,052$1,026,201
57$1,238,890$825,311$726,993$1,056,746
58$1,320,884$821,379$706,974$1,089,249
59$1,409,844$815,856$684,887$1,123,921
60$1,506,435$808,620$660,618$1,161,001
61$1,611,392$799,543$634,050$1,200,750
62$1,725,520$788,487$605,056$1,243,461
63$1,849,707$775,306$573,510$1,289,461
64$1,984,929$759,848$539,274$1,339,112
65$2,132,260$741,949$502,208$1,392,816
66$2,292,882$721,435$462,163$1,451,022
67$2,468,096$698,126$418,986$1,514,225
68$2,659,334$671,826$372,514$1,582,979
69$2,868,172$642,332$322,579$1,657,896
70$3,096,346$609,427$269,006$1,739,657
71$3,345,766$572,881$211,610$1,829,015
72$3,618,534$532,452$150,199$1,926,807
73$3,916,967$487,885$84,574$2,033,962
74$4,243,615$438,909$14,524$2,151,508
75$4,601,285$385,236$0$2,280,584
76$4,993,069$326,566$0$2,434,664
77$5,422,372$262,578$0$2,606,871
78$5,892,945$192,935$0$2,795,857
79$6,408,917$117,280$0$3,003,386
80$6,974,837$35,238$0$3,231,408
81$7,595,716$0$0$3,482,081
82$8,277,072$0$0$3,780,785
83$9,024,984$0$0$4,125,368
84$9,846,148$0$0$4,503,806
85$10,747,940$0$0$4,919,509
86$11,738,485$0$0$5,376,239
87$12,826,735$0$0$5,878,135
88$14,022,551$0$0$6,429,761
89$15,336,796$0$0$7,036,143
90$16,781,439$0$0$7,702,817
91$18,369,663$0$0$8,435,885
92$20,115,997$0$0$9,242,069
93$22,036,445$0$0$10,128,774
94$24,148,641$0$0$11,104,160
95$26,472,011$0$0$12,177,215
96$29,027,961$0$0$13,357,846
97$31,840,076$0$0$14,656,965
98$34,934,342$0$0$16,086,599
99$38,339,390$0$0$17,659,995
100$42,086,768$0$0$19,391,754