Can I retire at age 51 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$64,742$64,165$63,603$63,053$62,517$61,006
2 years$32,050$31,454$30,875$30,314$29,770$28,257
3 years$21,155$20,555$19,978$19,423$18,887$17,419
4 years$15,708$15,110$14,539$13,993$13,471$12,059
5 years$12,441$11,847$11,283$10,748$10,240$8,888
6 years$10,263$9,674$9,118$8,595$8,103$6,813
7 years$8,709$8,124$7,577$7,067$6,590$5,361
8 years$7,543$6,964$6,426$5,928$5,467$4,300
9 years$6,637$6,063$5,535$5,049$4,604$3,497
10 years$5,913$5,344$4,825$4,353$3,923$2,875
11 years$5,320$4,758$4,248$3,788$3,374$2,384
12 years$4,827$4,270$3,770$3,323$2,924$1,990
13 years$4,410$3,859$3,368$2,933$2,549$1,670
14 years$4,053$3,508$3,027$2,604$2,235$1,407
15 years$3,744$3,204$2,733$2,322$1,968$1,191
16 years$3,473$2,940$2,477$2,079$1,739$1,010
17 years$3,235$2,708$2,254$1,868$1,542$859
18 years$3,024$2,502$2,058$1,684$1,371$733
19 years$2,835$2,319$1,884$1,521$1,222$626
20 years$2,665$2,155$1,729$1,378$1,092$535
21 years$2,511$2,007$1,590$1,250$977$458
22 years$2,372$1,874$1,466$1,137$876$393
23 years$2,244$1,752$1,353$1,035$786$337
24 years$2,128$1,642$1,252$944$706$289
25 years$2,021$1,541$1,159$862$636$249
26 years$1,923$1,448$1,075$789$573$214
27 years$1,832$1,363$998$722$516$184
28 years$1,747$1,284$928$661$466$158
29 years$1,669$1,211$864$606$421$136
30 years$1,596$1,144$805$557$380$117
31 years$1,528$1,082$750$511$344$101
32 years$1,464$1,023$700$470$311$87
33 years$1,404$969$653$432$281$75
34 years$1,348$919$610$397$255$65
35 years$1,295$871$571$366$231$56
36 years$1,245$827$534$337$209$48
37 years$1,198$785$500$311$189$41
38 years$1,154$746$468$286$172$36
39 years$1,112$710$438$264$156$31
40 years$1,072$675$411$243$141$27
41 years$1,034$643$385$225$128$23
42 years$998$612$361$207$116$20
43 years$964$583$339$191$106$17
44 years$932$556$318$177$96$15
45 years$901$530$299$163$87$13
46 years$871$506$281$151$79$11
47 years$843$483$264$139$72$9
48 years$816$461$248$129$65$8
49 years$790$440$233$119$59$7
50 years$765$420$219$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $784,000, adding $4,225 every year, while hoping to spend $57,431 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: 66/29/5 Blend
50$784,000$784,000$784,000$784,000
51$868,326$826,774$814,622$924,797
52$895,789$806,180$780,806$942,206
53$924,129$782,652$743,932$953,915
54$953,373$755,985$703,837$965,166
55$983,553$725,964$660,351$975,907
56$1,014,698$692,359$613,296$986,081
57$1,046,842$654,929$562,485$995,628
58$1,080,016$613,416$507,725$1,004,485
59$1,114,255$567,552$448,811$1,012,584
60$1,149,595$517,048$385,532$1,019,853
61$1,186,073$461,602$317,667$1,026,215
62$1,223,727$400,895$244,983$1,031,590
63$1,262,597$334,589$167,240$1,035,891
64$1,302,724$262,327$84,185$1,039,027
65$1,344,152$183,730$0$1,040,901
66$1,386,925$98,402$0$1,041,647
67$1,431,089$5,921$0$1,045,729
68$1,476,692$0$0$1,048,549
69$1,523,786$0$0$1,080,050
70$1,572,422$0$0$1,114,534
71$1,622,655$0$0$1,150,153
72$1,674,542$0$0$1,186,945
73$1,728,142$0$0$1,224,954
74$1,783,518$0$0$1,264,223
75$1,840,734$0$0$1,304,798
76$1,899,857$0$0$1,346,729
77$1,960,960$0$0$1,390,065
78$2,024,115$0$0$1,434,860
79$2,089,401$0$0$1,481,168
80$2,156,899$0$0$1,529,048
81$2,226,695$0$0$1,578,561
82$2,298,878$0$0$1,629,771
83$2,373,544$0$0$1,682,746
84$2,450,791$0$0$1,737,557
85$2,530,725$0$0$1,794,278
86$2,613,455$0$0$1,852,989
87$2,699,098$0$0$1,913,772
88$2,787,778$0$0$1,976,717
89$2,879,625$0$0$2,041,916
90$2,974,775$0$0$2,109,467
91$3,073,377$0$0$2,179,476
92$3,175,583$0$0$2,252,054
93$3,281,559$0$0$2,327,318
94$3,391,480$0$0$2,405,393
95$3,505,532$0$0$2,486,415
96$3,623,913$0$0$2,570,524
97$3,746,834$0$0$2,657,872
98$3,874,522$0$0$2,748,623
99$4,007,218$0$0$2,842,949
100$4,145,179$0$0$2,941,037