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%11.9%
1 years$64,742$64,165$63,603$63,053$62,517$62,019
2 years$32,050$31,454$30,875$30,314$29,770$29,268
3 years$21,155$20,555$19,978$19,423$18,887$18,397
4 years$15,708$15,110$14,539$13,993$13,471$12,996
5 years$12,441$11,847$11,283$10,748$10,240$9,782
6 years$10,263$9,674$9,118$8,595$8,103$7,662
7 years$8,709$8,124$7,577$7,067$6,590$6,166
8 years$7,543$6,964$6,426$5,928$5,467$5,061
9 years$6,637$6,063$5,535$5,049$4,604$4,215
10 years$5,913$5,344$4,825$4,353$3,923$3,551
11 years$5,320$4,758$4,248$3,788$3,374$3,019
12 years$4,827$4,270$3,770$3,323$2,924$2,586
13 years$4,410$3,859$3,368$2,933$2,549$2,228
14 years$4,053$3,508$3,027$2,604$2,235$1,929
15 years$3,744$3,204$2,733$2,322$1,968$1,677
16 years$3,473$2,940$2,477$2,079$1,739$1,463
17 years$3,235$2,708$2,254$1,868$1,542$1,281
18 years$3,024$2,502$2,058$1,684$1,371$1,124
19 years$2,835$2,319$1,884$1,521$1,222$988
20 years$2,665$2,155$1,729$1,378$1,092$871
21 years$2,511$2,007$1,590$1,250$977$769
22 years$2,372$1,874$1,466$1,137$876$679
23 years$2,244$1,752$1,353$1,035$786$601
24 years$2,128$1,642$1,252$944$706$533
25 years$2,021$1,541$1,159$862$636$472
26 years$1,923$1,448$1,075$789$573$419
27 years$1,832$1,363$998$722$516$372
28 years$1,747$1,284$928$661$466$331
29 years$1,669$1,211$864$606$421$294
30 years$1,596$1,144$805$557$380$262
31 years$1,528$1,082$750$511$344$233
32 years$1,464$1,023$700$470$311$208
33 years$1,404$969$653$432$281$185
34 years$1,348$919$610$397$255$165
35 years$1,295$871$571$366$231$147
36 years$1,245$827$534$337$209$131
37 years$1,198$785$500$311$189$117
38 years$1,154$746$468$286$172$104
39 years$1,112$710$438$264$156$93
40 years$1,072$675$411$243$141$83
41 years$1,034$643$385$225$128$74
42 years$998$612$361$207$116$66
43 years$964$583$339$191$106$59
44 years$932$556$318$177$96$53
45 years$901$530$299$163$87$47
46 years$871$506$281$151$79$42
47 years$843$483$264$139$72$38
48 years$816$461$248$129$65$34
49 years$790$440$233$119$59$30
50 years$765$420$219$110$54$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $784,000, adding $6,377 every year, while hoping to spend $21,364 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: 21/49/30 Blend
50$784,000$784,000$784,000$784,000
51$870,546$828,994$816,842$880,470
52$936,610$846,883$821,475$908,016
53$1,008,698$864,934$825,547$935,279
54$1,087,399$883,130$829,017$963,962
55$1,173,366$901,455$831,842$994,194
56$1,267,316$919,893$833,975$1,026,118
57$1,370,038$938,424$835,369$1,059,892
58$1,482,402$957,026$835,974$1,095,691
59$1,605,364$975,678$835,736$1,133,709
60$1,739,979$994,354$834,601$1,174,158
61$1,887,407$1,013,027$832,510$1,217,277
62$2,048,926$1,031,669$829,403$1,263,327
63$2,225,943$1,050,248$825,215$1,312,598
64$2,420,009$1,068,730$819,879$1,365,410
65$2,632,831$1,087,079$813,326$1,422,119
66$2,866,290$1,105,255$805,482$1,483,116
67$3,122,455$1,123,217$796,270$1,548,835
68$3,403,610$1,140,918$785,609$1,619,756
69$3,712,266$1,158,311$773,415$1,696,410
70$4,051,191$1,175,343$759,599$1,779,382
71$4,423,436$1,191,958$744,069$1,869,322
72$4,832,359$1,208,097$726,728$1,966,945
73$5,281,661$1,223,695$707,474$2,073,045
74$5,775,418$1,238,684$686,202$2,188,495
75$6,318,122$1,252,990$662,801$2,314,265
76$6,914,721$1,266,537$637,155$2,451,422
77$7,570,665$1,279,240$609,143$2,601,148
78$8,291,960$1,291,010$578,637$2,764,749
79$9,085,225$1,301,754$545,505$2,943,665
80$9,957,747$1,311,370$509,610$3,139,489
81$10,917,561$1,319,751$470,805$3,353,980
82$11,973,516$1,326,782$428,940$3,589,081
83$13,135,362$1,332,342$383,858$3,846,936
84$14,413,844$1,336,302$335,392$4,129,915
85$15,820,800$1,338,524$283,371$4,440,633
86$17,369,272$1,338,863$227,615$4,781,978
87$19,073,634$1,337,162$167,936$5,157,138
88$20,949,720$1,333,259$104,137$5,569,632
89$23,014,980$1,326,977$36,014$6,023,345
90$25,288,640$1,318,132$0$6,522,566
91$27,791,888$1,306,526$0$7,083,769
92$30,548,066$1,291,952$0$7,713,502
93$33,582,899$1,274,187$0$8,406,061
94$36,924,731$1,252,999$0$9,167,887
95$40,604,796$1,228,138$0$10,006,078
96$44,657,510$1,199,342$0$10,928,464
97$49,120,798$1,166,332$0$11,943,678
98$54,036,451$1,128,814$0$13,061,237
99$59,450,519$1,086,475$0$14,291,639
100$65,413,745$1,038,986$0$15,646,456