Can I retire at age 51 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$64,659$64,083$63,522$62,973$62,438$62,018
2 years$32,010$31,413$30,836$30,276$29,732$29,309
3 years$21,128$20,529$19,953$19,398$18,863$18,450
4 years$15,688$15,091$14,520$13,975$13,453$13,053
5 years$12,425$11,832$11,268$10,734$10,227$9,840
6 years$10,250$9,661$9,107$8,584$8,092$7,720
7 years$8,697$8,114$7,568$7,058$6,581$6,223
8 years$7,533$6,955$6,418$5,920$5,460$5,116
9 years$6,629$6,055$5,528$5,043$4,598$4,269
10 years$5,905$5,338$4,819$4,347$3,918$3,603
11 years$5,314$4,752$4,243$3,783$3,369$3,069
12 years$4,821$4,265$3,765$3,318$2,920$2,633
13 years$4,404$3,854$3,364$2,930$2,546$2,273
14 years$4,048$3,503$3,023$2,601$2,232$1,972
15 years$3,739$3,200$2,729$2,319$1,965$1,718
16 years$3,469$2,936$2,474$2,077$1,737$1,502
17 years$3,231$2,704$2,252$1,866$1,540$1,317
18 years$3,020$2,499$2,055$1,682$1,369$1,158
19 years$2,831$2,316$1,882$1,519$1,220$1,021
20 years$2,661$2,152$1,727$1,376$1,090$901
21 years$2,508$2,005$1,588$1,249$976$797
22 years$2,369$1,871$1,464$1,136$874$706
23 years$2,242$1,750$1,352$1,034$785$627
24 years$2,125$1,640$1,250$943$706$556
25 years$2,019$1,539$1,158$861$635$495
26 years$1,920$1,446$1,074$788$572$440
27 years$1,829$1,361$997$721$516$392
28 years$1,745$1,283$927$661$465$349
29 years$1,667$1,210$863$606$420$311
30 years$1,594$1,143$803$556$380$278
31 years$1,526$1,080$749$511$343$248
32 years$1,462$1,022$699$469$310$221
33 years$1,402$968$653$431$281$198
34 years$1,346$917$610$397$254$177
35 years$1,293$870$570$365$230$158
36 years$1,244$826$533$337$209$141
37 years$1,197$784$499$310$189$126
38 years$1,152$745$467$286$172$113
39 years$1,110$709$438$264$156$101
40 years$1,070$674$410$243$141$90
41 years$1,033$642$385$224$128$81
42 years$997$611$361$207$116$72
43 years$963$583$339$191$105$65
44 years$930$555$318$176$96$58
45 years$899$529$299$163$87$52
46 years$870$505$280$150$79$46
47 years$842$482$263$139$72$42
48 years$815$460$248$128$65$37
49 years$789$439$233$119$59$33
50 years$764$420$219$110$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $783,000, adding $2,083 every year, while hoping to spend $21,700 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: 49/31/20 Blend
50$783,000$783,000$783,000$783,000
51$865,015$823,516$811,379$902,447
52$930,157$840,779$815,472$945,897
53$1,001,218$858,162$818,974$990,697
54$1,078,776$875,645$821,844$1,038,909
55$1,163,471$893,212$824,035$1,090,864
56$1,256,007$910,841$825,502$1,146,925
57$1,357,158$928,511$826,195$1,207,493
58$1,467,777$946,197$826,062$1,273,010
59$1,588,804$963,874$825,048$1,343,963
60$1,721,271$981,513$823,097$1,420,891
61$1,866,318$999,085$820,148$1,504,385
62$2,025,199$1,016,556$816,139$1,595,099
63$2,199,293$1,033,891$811,004$1,693,754
64$2,390,122$1,051,053$804,674$1,801,144
65$2,599,361$1,068,001$797,076$1,918,145
66$2,828,853$1,084,690$788,136$2,045,724
67$3,080,631$1,101,075$777,773$2,184,946
68$3,356,932$1,117,105$765,905$2,336,985
69$3,660,221$1,132,725$752,445$2,503,139
70$3,993,213$1,147,878$737,302$2,684,834
71$4,358,900$1,162,503$720,381$2,883,647
72$4,760,576$1,176,534$701,581$3,101,315
73$5,201,870$1,189,899$680,800$3,339,753
74$5,686,781$1,202,525$657,927$3,601,074
75$6,219,714$1,214,330$632,849$3,887,606
76$6,805,523$1,225,230$605,447$4,201,917
77$7,449,552$1,235,132$575,596$4,546,841
78$8,157,694$1,243,941$543,165$4,925,498
79$8,936,437$1,251,552$508,020$5,341,331
80$9,792,931$1,257,856$470,016$5,798,136
81$10,735,055$1,262,736$429,006$6,300,099
82$11,771,488$1,266,067$384,835$6,851,833
83$12,911,792$1,267,717$337,340$7,458,427
84$14,166,506$1,267,546$286,352$8,125,489
85$15,547,238$1,265,404$231,693$8,859,203
86$17,066,781$1,261,134$173,179$9,666,388
87$18,739,230$1,254,566$110,618$10,554,560
88$20,580,114$1,245,524$43,807$11,532,005
89$22,606,548$1,233,817$0$12,607,860
90$24,837,387$1,219,245$0$13,798,062
91$27,293,408$1,201,595$0$15,118,207
92$29,997,506$1,180,643$0$16,571,223
93$32,974,907$1,156,150$0$18,170,656
94$36,253,408$1,127,862$0$19,931,433
95$39,863,642$1,095,513$0$21,870,006
96$43,839,359$1,058,819$0$24,004,509
97$48,217,752$1,017,480$0$26,354,927
98$53,039,806$971,180$0$28,943,287
99$58,350,680$919,581$0$31,793,865
100$64,200,138$862,330$0$34,933,417