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%15.8%
1 years$64,412$63,838$63,278$62,732$62,198$60,719
2 years$31,887$31,293$30,718$30,160$29,618$28,137
3 years$21,047$20,450$19,876$19,323$18,791$17,354
4 years$15,628$15,033$14,465$13,921$13,402$12,019
5 years$12,377$11,786$11,225$10,693$10,188$8,864
6 years$10,211$9,624$9,072$8,551$8,061$6,798
7 years$8,664$8,082$7,539$7,031$6,556$5,353
8 years$7,505$6,928$6,393$5,898$5,439$4,295
9 years$6,603$6,032$5,507$5,024$4,580$3,496
10 years$5,882$5,317$4,801$4,330$3,903$2,876
11 years$5,293$4,734$4,227$3,769$3,356$2,386
12 years$4,803$4,249$3,751$3,306$2,909$1,993
13 years$4,388$3,839$3,351$2,918$2,536$1,673
14 years$4,032$3,490$3,011$2,591$2,223$1,411
15 years$3,725$3,188$2,719$2,310$1,958$1,195
16 years$3,456$2,925$2,465$2,069$1,730$1,015
17 years$3,219$2,694$2,243$1,859$1,534$864
18 years$3,008$2,489$2,047$1,675$1,364$737
19 years$2,820$2,307$1,874$1,514$1,216$630
20 years$2,651$2,144$1,720$1,371$1,086$539
21 years$2,498$1,997$1,582$1,244$972$462
22 years$2,359$1,864$1,458$1,131$871$396
23 years$2,233$1,743$1,346$1,030$782$340
24 years$2,117$1,633$1,245$940$703$292
25 years$2,011$1,533$1,153$858$632$251
26 years$1,913$1,441$1,070$785$570$216
27 years$1,822$1,356$993$718$514$186
28 years$1,738$1,278$923$658$463$160
29 years$1,660$1,205$859$603$418$138
30 years$1,588$1,138$800$554$378$119
31 years$1,520$1,076$746$509$342$103
32 years$1,456$1,018$696$467$309$89
33 years$1,397$964$650$430$280$76
34 years$1,341$914$607$395$253$66
35 years$1,288$867$568$364$229$57
36 years$1,239$823$531$335$208$49
37 years$1,192$781$497$309$188$42
38 years$1,148$743$466$285$171$37
39 years$1,106$706$436$263$155$32
40 years$1,066$672$409$242$141$27
41 years$1,029$639$383$223$127$23
42 years$993$609$360$206$116$20
43 years$959$580$337$190$105$18
44 years$927$553$317$176$95$15
45 years$896$527$297$162$87$13
46 years$867$503$279$150$79$11
47 years$839$480$262$139$71$10
48 years$812$458$247$128$65$8
49 years$786$438$232$118$59$7
50 years$762$418$218$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $780,000, adding $6,933 every year, while hoping to spend $54,910 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: 50/22/28 Blend
50$780,000$780,000$780,000$780,000
51$866,711$825,371$813,281$902,876
52$896,692$807,391$782,103$910,889
53$927,891$786,689$748,039$913,576
54$960,373$763,074$710,936$915,422
55$994,210$736,344$670,631$916,373
56$1,029,479$706,284$626,957$916,375
57$1,066,262$672,669$579,736$915,368
58$1,104,648$635,256$528,785$913,293
59$1,144,733$593,794$473,909$910,089
60$1,186,619$548,014$414,909$905,693
61$1,230,420$497,632$351,574$900,039
62$1,276,255$442,348$283,684$893,063
63$1,324,256$381,846$211,010$884,697
64$1,374,564$315,791$133,313$874,873
65$1,427,334$243,829$50,343$863,522
66$1,482,732$165,586$0$850,574
67$1,540,939$80,669$0$847,373
68$1,602,153$0$0$859,229
69$1,666,588$0$0$873,846
70$1,734,478$0$0$909,853
71$1,806,076$0$0$947,860
72$1,881,660$0$0$988,017
73$1,961,531$0$0$1,030,489
74$2,046,019$0$0$1,075,457
75$2,135,483$0$0$1,123,117
76$2,230,318$0$0$1,173,685
77$2,330,952$0$0$1,227,395
78$2,437,854$0$0$1,284,504
79$2,551,538$0$0$1,345,293
80$2,672,566$0$0$1,410,070
81$2,801,554$0$0$1,479,173
82$2,939,174$0$0$1,552,971
83$3,086,165$0$0$1,631,868
84$3,243,336$0$0$1,716,308
85$3,411,574$0$0$1,806,778
86$3,591,850$0$0$1,903,810
87$3,785,232$0$0$2,007,992
88$3,992,890$0$0$2,119,965
89$4,216,108$0$0$2,240,434
90$4,456,297$0$0$2,370,175
91$4,715,004$0$0$2,510,037
92$4,993,931$0$0$2,660,956
93$5,294,945$0$0$2,823,958
94$5,620,099$0$0$3,000,171
95$5,971,648$0$0$3,190,835
96$6,352,072$0$0$3,397,313
97$6,764,096$0$0$3,621,103
98$7,210,716$0$0$3,863,854
99$7,695,226$0$0$4,127,378
100$8,221,250$0$0$4,413,668