Can I retire at age 51 with 783,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$64,659$64,083$63,522$62,973$62,438$61,002
2 years$32,010$31,413$30,836$30,276$29,732$28,294
3 years$21,128$20,529$19,953$19,398$18,863$17,468
4 years$15,688$15,091$14,520$13,975$13,453$12,111
5 years$12,425$11,832$11,268$10,734$10,227$8,941
6 years$10,250$9,661$9,107$8,584$8,092$6,864
7 years$8,697$8,114$7,568$7,058$6,581$5,411
8 years$7,533$6,955$6,418$5,920$5,460$4,347
9 years$6,629$6,055$5,528$5,043$4,598$3,542
10 years$5,905$5,338$4,819$4,347$3,918$2,918
11 years$5,314$4,752$4,243$3,783$3,369$2,424
12 years$4,821$4,265$3,765$3,318$2,920$2,027
13 years$4,404$3,854$3,364$2,930$2,546$1,704
14 years$4,048$3,503$3,023$2,601$2,232$1,440
15 years$3,739$3,200$2,729$2,319$1,965$1,220
16 years$3,469$2,936$2,474$2,077$1,737$1,038
17 years$3,231$2,704$2,252$1,866$1,540$885
18 years$3,020$2,499$2,055$1,682$1,369$756
19 years$2,831$2,316$1,882$1,519$1,220$647
20 years$2,661$2,152$1,727$1,376$1,090$555
21 years$2,508$2,005$1,588$1,249$976$476
22 years$2,369$1,871$1,464$1,136$874$409
23 years$2,242$1,750$1,352$1,034$785$352
24 years$2,125$1,640$1,250$943$706$303
25 years$2,019$1,539$1,158$861$635$261
26 years$1,920$1,446$1,074$788$572$225
27 years$1,829$1,361$997$721$516$194
28 years$1,745$1,283$927$661$465$167
29 years$1,667$1,210$863$606$420$144
30 years$1,594$1,143$803$556$380$125
31 years$1,526$1,080$749$511$343$108
32 years$1,462$1,022$699$469$310$93
33 years$1,402$968$653$431$281$80
34 years$1,346$917$610$397$254$69
35 years$1,293$870$570$365$230$60
36 years$1,244$826$533$337$209$52
37 years$1,197$784$499$310$189$45
38 years$1,152$745$467$286$172$39
39 years$1,110$709$438$264$156$33
40 years$1,070$674$410$243$141$29
41 years$1,033$642$385$224$128$25
42 years$997$611$361$207$116$22
43 years$963$583$339$191$105$19
44 years$930$555$318$176$96$16
45 years$899$529$299$163$87$14
46 years$870$505$280$150$79$12
47 years$842$482$263$139$72$10
48 years$815$460$248$128$65$9
49 years$789$439$233$119$59$8
50 years$764$420$219$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $783,000, adding $6,929 every year, while hoping to spend $23,720 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: 43/48/9 Blend
50$783,000$783,000$783,000$783,000
51$870,013$828,514$816,378$904,870
52$933,517$843,874$818,489$945,172
53$1,002,703$859,190$819,875$985,853
54$1,078,125$874,438$820,488$1,029,385
55$1,160,395$889,587$820,275$1,076,037
56$1,250,184$904,605$819,183$1,126,107
57$1,348,232$919,459$817,155$1,179,922
58$1,455,352$934,113$814,130$1,237,844
59$1,572,440$948,528$810,046$1,300,273
60$1,700,484$962,660$804,837$1,367,649
61$1,840,570$976,467$798,436$1,440,458
62$1,993,893$989,899$790,768$1,519,236
63$2,161,771$1,002,905$781,760$1,604,574
64$2,345,655$1,015,430$771,332$1,697,125
65$2,547,141$1,027,416$759,401$1,797,607
66$2,767,989$1,038,799$745,881$1,906,816
67$3,010,137$1,049,513$730,680$2,025,627
68$3,275,717$1,059,485$713,705$2,155,007
69$3,567,081$1,068,641$694,854$2,296,021
70$3,886,817$1,076,898$674,026$2,449,846
71$4,237,777$1,084,170$651,110$2,617,780
72$4,623,102$1,090,366$625,994$2,801,254
73$5,046,251$1,095,387$598,558$3,001,848
74$5,511,037$1,099,130$568,678$3,221,304
75$6,021,658$1,101,482$536,224$3,461,544
76$6,582,741$1,102,328$501,060$3,724,688
77$7,199,380$1,101,542$463,046$4,013,074
78$7,877,190$1,098,991$422,031$4,329,283
79$8,622,356$1,094,534$377,862$4,676,161
80$9,441,692$1,088,022$330,376$5,056,845
81$10,342,706$1,079,297$279,405$5,474,798
82$11,333,670$1,068,190$224,773$5,933,840
83$12,423,696$1,054,523$166,294$6,438,180
84$13,622,825$1,038,106$103,777$6,992,465
85$14,942,121$1,018,741$37,022$7,601,817
86$16,393,772$996,215$0$8,271,887
87$17,991,210$970,302$0$9,012,191
88$19,749,233$940,767$0$9,830,323
89$21,684,146$907,355$0$10,730,323
90$23,813,916$869,803$0$11,720,570
91$26,158,338$827,826$0$12,810,304
92$28,739,227$781,128$0$14,009,710
93$31,580,618$729,393$0$15,330,020
94$34,708,996$672,288$0$16,783,615
95$38,153,543$609,460$0$18,384,147
96$41,946,418$540,537$0$20,146,666
97$46,123,054$465,124$0$22,087,765
98$50,722,497$382,807$0$24,225,736
99$55,787,772$293,145$0$26,580,746
100$61,366,290$195,675$0$29,175,027