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%13.2%
1 years$64,659$64,083$63,522$62,973$62,438$61,606
2 years$32,010$31,413$30,836$30,276$29,732$28,896
3 years$21,128$20,529$19,953$19,398$18,863$18,048
4 years$15,688$15,091$14,520$13,975$13,453$12,666
5 years$12,425$11,832$11,268$10,734$10,227$9,469
6 years$10,250$9,661$9,107$8,584$8,092$7,365
7 years$8,697$8,114$7,568$7,058$6,581$5,885
8 years$7,533$6,955$6,418$5,920$5,460$4,794
9 years$6,629$6,055$5,528$5,043$4,598$3,963
10 years$5,905$5,338$4,819$4,347$3,918$3,312
11 years$5,314$4,752$4,243$3,783$3,369$2,793
12 years$4,821$4,265$3,765$3,318$2,920$2,373
13 years$4,404$3,854$3,364$2,930$2,546$2,027
14 years$4,048$3,503$3,023$2,601$2,232$1,740
15 years$3,739$3,200$2,729$2,319$1,965$1,500
16 years$3,469$2,936$2,474$2,077$1,737$1,297
17 years$3,231$2,704$2,252$1,866$1,540$1,125
18 years$3,020$2,499$2,055$1,682$1,369$978
19 years$2,831$2,316$1,882$1,519$1,220$852
20 years$2,661$2,152$1,727$1,376$1,090$743
21 years$2,508$2,005$1,588$1,249$976$650
22 years$2,369$1,871$1,464$1,136$874$569
23 years$2,242$1,750$1,352$1,034$785$498
24 years$2,125$1,640$1,250$943$706$437
25 years$2,019$1,539$1,158$861$635$384
26 years$1,920$1,446$1,074$788$572$337
27 years$1,829$1,361$997$721$516$296
28 years$1,745$1,283$927$661$465$261
29 years$1,667$1,210$863$606$420$229
30 years$1,594$1,143$803$556$380$202
31 years$1,526$1,080$749$511$343$178
32 years$1,462$1,022$699$469$310$157
33 years$1,402$968$653$431$281$138
34 years$1,346$917$610$397$254$122
35 years$1,293$870$570$365$230$107
36 years$1,244$826$533$337$209$95
37 years$1,197$784$499$310$189$84
38 years$1,152$745$467$286$172$74
39 years$1,110$709$438$264$156$65
40 years$1,070$674$410$243$141$57
41 years$1,033$642$385$224$128$51
42 years$997$611$361$207$116$45
43 years$963$583$339$191$105$40
44 years$930$555$318$176$96$35
45 years$899$529$299$163$87$31
46 years$870$505$280$150$79$27
47 years$842$482$263$139$72$24
48 years$815$460$248$128$65$21
49 years$789$439$233$119$59$19
50 years$764$420$219$110$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $783,000, adding $6,277 every year, while hoping to spend $25,570 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: 65/21/14 Blend
50$783,000$783,000$783,000$783,000
51$869,341$827,842$815,705$922,572
52$930,807$841,200$815,825$972,298
53$997,686$854,355$815,092$1,023,065
54$1,070,503$867,271$813,450$1,077,903
55$1,149,835$879,909$810,842$1,137,210
56$1,236,319$892,224$807,205$1,201,421
57$1,330,653$904,173$802,477$1,271,020
58$1,433,609$915,707$796,589$1,346,538
59$1,546,035$926,774$789,472$1,428,560
60$1,668,862$937,318$781,052$1,517,732
61$1,803,120$947,281$771,251$1,614,767
62$1,949,940$956,599$759,989$1,720,449
63$2,110,566$965,205$747,181$1,835,643
64$2,286,371$973,027$732,738$1,961,304
65$2,478,864$979,989$716,569$2,098,482
66$2,689,709$986,009$698,575$2,248,337
67$2,920,738$991,002$678,655$2,412,148
68$3,173,967$994,874$656,704$2,591,324
69$3,451,617$997,529$632,609$2,787,418
70$3,756,136$998,861$606,255$3,002,143
71$4,090,218$998,762$577,521$3,237,388
72$4,456,831$997,112$546,279$3,495,235
73$4,859,246$993,789$512,397$3,777,980
74$5,301,063$988,658$475,736$4,088,152
75$5,786,250$981,581$436,152$4,428,543
76$6,319,177$972,408$393,493$4,802,227
77$6,904,658$960,981$347,600$5,212,597
78$7,547,998$947,134$298,309$5,663,390
79$8,255,039$930,689$245,448$6,158,729
80$9,032,218$911,458$188,836$6,703,155
81$9,886,627$889,242$128,285$7,301,680
82$10,826,080$863,832$63,599$7,959,824
83$11,859,183$835,003$0$8,683,674
84$12,995,422$802,520$0$9,480,754
85$14,245,245$766,133$0$10,367,840
86$15,620,165$725,579$0$11,343,610
87$17,132,867$680,577$0$12,417,089
88$18,797,327$630,833$0$13,598,222
89$20,628,944$576,034$0$14,897,972
90$22,644,687$515,850$0$16,328,420
91$24,863,250$449,932$0$17,902,879
92$27,305,235$377,911$0$19,636,025
93$29,993,338$299,399$0$21,544,030
94$32,952,572$213,982$0$23,644,719
95$36,210,494$121,228$0$25,957,736
96$39,797,473$20,676$0$28,504,732
97$43,746,969$0$0$31,309,569
98$48,095,854$0$0$34,418,915
99$52,884,756$0$0$37,848,193
100$58,158,444$0$0$41,624,691