Can I retire at age 51 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$64,577$64,002$63,440$62,893$62,358$61,681
2 years$31,969$31,373$30,796$30,237$29,694$29,013
3 years$21,101$20,503$19,927$19,373$18,839$18,174
4 years$15,668$15,072$14,502$13,957$13,436$12,793
5 years$12,409$11,816$11,254$10,720$10,214$9,594
6 years$10,237$9,649$9,095$8,573$8,082$7,486
7 years$8,686$8,103$7,558$7,049$6,573$6,002
8 years$7,524$6,946$6,410$5,913$5,453$4,906
9 years$6,620$6,048$5,521$5,036$4,592$4,070
10 years$5,898$5,331$4,813$4,341$3,913$3,414
11 years$5,307$4,746$4,237$3,778$3,365$2,890
12 years$4,815$4,259$3,761$3,314$2,916$2,464
13 years$4,399$3,849$3,360$2,926$2,543$2,113
14 years$4,043$3,499$3,019$2,597$2,229$1,822
15 years$3,734$3,196$2,726$2,316$1,963$1,576
16 years$3,465$2,933$2,471$2,074$1,735$1,369
17 years$3,227$2,701$2,249$1,863$1,538$1,192
18 years$3,016$2,496$2,053$1,679$1,368$1,041
19 years$2,827$2,313$1,879$1,517$1,219$911
20 years$2,658$2,149$1,725$1,374$1,089$798
21 years$2,505$2,002$1,586$1,247$974$701
22 years$2,366$1,869$1,462$1,134$873$616
23 years$2,239$1,748$1,350$1,033$784$543
24 years$2,123$1,638$1,248$942$705$478
25 years$2,016$1,537$1,156$860$634$422
26 years$1,918$1,444$1,072$787$571$372
27 years$1,827$1,359$996$720$515$329
28 years$1,743$1,281$926$660$465$291
29 years$1,665$1,208$861$605$420$257
30 years$1,592$1,141$802$555$379$227
31 years$1,524$1,079$748$510$343$201
32 years$1,460$1,021$698$469$310$178
33 years$1,400$967$652$431$281$158
34 years$1,344$916$609$396$254$140
35 years$1,292$869$569$365$230$124
36 years$1,242$825$533$336$208$110
37 years$1,195$783$498$310$189$98
38 years$1,151$744$467$285$171$86
39 years$1,109$708$437$263$155$77
40 years$1,069$674$410$243$141$68
41 years$1,031$641$384$224$128$60
42 years$996$611$361$207$116$54
43 years$962$582$338$191$105$48
44 years$929$555$318$176$96$42
45 years$898$529$298$163$87$37
46 years$869$504$280$150$79$33
47 years$841$481$263$139$72$30
48 years$814$460$247$128$65$26
49 years$788$439$232$119$59$23
50 years$764$419$219$110$54$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $782,000, adding $4,874 every year, while hoping to spend $57,326 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: 85/7/8 Blend
50$782,000$782,000$782,000$782,000
51$866,792$825,346$813,225$939,300
52$894,210$804,793$779,473$966,810
53$922,504$781,312$742,670$988,724
54$951,701$754,699$702,652$1,010,995
55$981,833$724,737$659,249$1,033,620
56$1,012,929$691,199$612,283$1,056,598
57$1,045,023$653,842$561,569$1,079,925
58$1,078,146$612,411$506,912$1,103,598
59$1,112,333$566,636$448,110$1,127,614
60$1,147,620$516,230$384,951$1,151,965
61$1,184,044$460,892$317,214$1,176,649
62$1,221,644$400,303$244,667$1,201,657
63$1,260,459$334,125$167,071$1,226,982
64$1,300,530$262,002$84,172$1,252,618
65$1,341,901$183,557$0$1,278,554
66$1,384,616$98,392$0$1,305,149
67$1,428,723$6,089$0$1,339,716
68$1,474,269$0$0$1,375,075
69$1,521,304$0$0$1,418,464
70$1,569,883$0$0$1,463,762
71$1,620,058$0$0$1,510,548
72$1,671,888$0$0$1,558,878
73$1,725,432$0$0$1,608,807
74$1,780,752$0$0$1,660,392
75$1,837,914$0$0$1,713,694
76$1,896,985$0$0$1,768,778
77$1,958,037$0$0$1,825,709
78$2,021,144$0$0$1,884,558
79$2,086,385$0$0$1,945,397
80$2,153,842$0$0$2,008,302
81$2,223,600$0$0$2,073,356
82$2,295,751$0$0$2,140,641
83$2,370,390$0$0$2,210,246
84$2,447,617$0$0$2,282,267
85$2,527,538$0$0$2,356,800
86$2,610,264$0$0$2,433,951
87$2,695,912$0$0$2,513,829
88$2,784,608$0$0$2,596,551
89$2,876,483$0$0$2,682,239
90$2,971,677$0$0$2,771,023
91$3,070,336$0$0$2,863,042
92$3,172,619$0$0$2,958,443
93$3,278,691$0$0$3,057,380
94$3,388,731$0$0$3,160,021
95$3,502,926$0$0$3,266,540
96$3,621,479$0$0$3,377,126
97$3,744,603$0$0$3,491,981
98$3,872,528$0$0$3,611,317
99$4,005,500$0$0$3,735,366
100$4,143,782$0$0$3,864,372