Can I retire at age 51 with 784,000?

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 $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%15.1%
1 years$64,742$64,165$63,603$63,053$62,517$61,205
2 years$32,050$31,454$30,875$30,314$29,770$28,454
3 years$21,155$20,555$19,978$19,423$18,887$17,609
4 years$15,708$15,110$14,539$13,993$13,471$12,239
5 years$12,441$11,847$11,283$10,748$10,240$9,060
6 years$10,263$9,674$9,118$8,595$8,103$6,974
7 years$8,709$8,124$7,577$7,067$6,590$5,513
8 years$7,543$6,964$6,426$5,928$5,467$4,442
9 years$6,637$6,063$5,535$5,049$4,604$3,631
10 years$5,913$5,344$4,825$4,353$3,923$3,000
11 years$5,320$4,758$4,248$3,788$3,374$2,500
12 years$4,827$4,270$3,770$3,323$2,924$2,097
13 years$4,410$3,859$3,368$2,933$2,549$1,770
14 years$4,053$3,508$3,027$2,604$2,235$1,500
15 years$3,744$3,204$2,733$2,322$1,968$1,276
16 years$3,473$2,940$2,477$2,079$1,739$1,089
17 years$3,235$2,708$2,254$1,868$1,542$932
18 years$3,024$2,502$2,058$1,684$1,371$799
19 years$2,835$2,319$1,884$1,521$1,222$686
20 years$2,665$2,155$1,729$1,378$1,092$590
21 years$2,511$2,007$1,590$1,250$977$509
22 years$2,372$1,874$1,466$1,137$876$439
23 years$2,244$1,752$1,353$1,035$786$379
24 years$2,128$1,642$1,252$944$706$327
25 years$2,021$1,541$1,159$862$636$283
26 years$1,923$1,448$1,075$789$573$245
27 years$1,832$1,363$998$722$516$212
28 years$1,747$1,284$928$661$466$184
29 years$1,669$1,211$864$606$421$159
30 years$1,596$1,144$805$557$380$138
31 years$1,528$1,082$750$511$344$120
32 years$1,464$1,023$700$470$311$104
33 years$1,404$969$653$432$281$90
34 years$1,348$919$610$397$255$78
35 years$1,295$871$571$366$231$68
36 years$1,245$827$534$337$209$59
37 years$1,198$785$500$311$189$51
38 years$1,154$746$468$286$172$44
39 years$1,112$710$438$264$156$39
40 years$1,072$675$411$243$141$33
41 years$1,034$643$385$225$128$29
42 years$998$612$361$207$116$25
43 years$964$583$339$191$106$22
44 years$932$556$318$177$96$19
45 years$901$530$299$163$87$17
46 years$871$506$281$151$79$14
47 years$843$483$264$139$72$12
48 years$816$461$248$129$65$11
49 years$790$440$233$119$59$9
50 years$765$420$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $784,000, adding $6,278 every year, while hoping to spend $58,674 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: 39/48/13 Blend
50$784,000$784,000$784,000$784,000
51$870,444$828,892$816,740$900,758
52$896,800$807,079$781,672$901,052
53$923,879$782,230$743,463$895,178
54$951,691$754,136$701,945$887,544
55$980,247$722,573$656,944$878,020
56$1,009,558$687,305$608,278$866,466
57$1,039,633$648,082$555,754$852,736
58$1,070,478$604,641$499,175$836,673
59$1,102,102$556,703$438,332$818,112
60$1,134,507$503,973$373,008$796,877
61$1,167,698$446,138$302,974$772,782
62$1,201,674$382,870$227,995$745,630
63$1,236,435$313,821$147,822$715,211
64$1,271,975$238,621$62,198$681,304
65$1,308,286$156,884$0$643,675
66$1,345,359$68,199$0$606,120
67$1,383,177$0$0$573,800
68$1,421,722$0$0$552,557
69$1,460,968$0$0$567,583
70$1,500,885$0$0$582,839
71$1,541,437$0$0$598,307
72$1,582,581$0$0$613,969
73$1,624,265$0$0$629,798
74$1,666,428$0$0$645,769
75$1,709,002$0$0$661,848
76$1,751,905$0$0$677,998
77$1,795,044$0$0$694,178
78$1,838,314$0$0$710,340
79$1,881,593$0$0$726,428
80$1,924,742$0$0$742,383
81$1,967,607$0$0$758,133
82$2,010,010$0$0$773,601
83$2,051,753$0$0$788,697
84$2,092,609$0$0$803,324
85$2,132,328$0$0$817,369
86$2,170,625$0$0$830,708
87$2,207,184$0$0$843,201
88$2,241,649$0$0$854,694
89$2,273,624$0$0$865,011
90$2,302,665$0$0$873,960
91$2,328,278$0$0$881,323
92$2,349,911$0$0$886,862
93$2,366,952$0$0$890,309
94$2,378,718$0$0$891,367
95$2,384,449$0$0$889,705
96$2,383,303$0$0$884,957
97$2,374,342$0$0$876,717
98$2,356,528$0$0$864,533
99$2,328,707$0$0$847,906
100$2,289,599$0$0$826,281