Can I retire at age 51 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$64,825$64,247$63,684$63,134$62,597$61,434
2 years$32,091$31,494$30,914$30,353$29,808$28,640
3 years$21,182$20,581$20,004$19,447$18,911$17,776
4 years$15,728$15,130$14,558$14,011$13,488$12,393
5 years$12,457$11,862$11,297$10,762$10,253$9,202
6 years$10,276$9,686$9,130$8,606$8,113$7,107
7 years$8,720$8,134$7,587$7,076$6,598$5,638
8 years$7,553$6,973$6,434$5,936$5,474$4,558
9 years$6,646$6,071$5,542$5,056$4,610$3,739
10 years$5,920$5,351$4,832$4,358$3,928$3,100
11 years$5,327$4,764$4,254$3,793$3,378$2,594
12 years$4,833$4,276$3,775$3,327$2,927$2,185
13 years$4,416$3,864$3,373$2,937$2,553$1,850
14 years$4,058$3,512$3,030$2,607$2,238$1,575
15 years$3,749$3,209$2,736$2,325$1,970$1,345
16 years$3,478$2,944$2,481$2,082$1,741$1,153
17 years$3,239$2,711$2,257$1,871$1,544$991
18 years$3,027$2,505$2,061$1,686$1,373$853
19 years$2,838$2,322$1,886$1,523$1,224$736
20 years$2,668$2,158$1,731$1,380$1,093$636
21 years$2,514$2,010$1,592$1,252$978$551
22 years$2,375$1,876$1,468$1,138$877$477
23 years$2,247$1,755$1,355$1,037$787$414
24 years$2,131$1,644$1,253$946$707$359
25 years$2,024$1,543$1,161$864$636$312
26 years$1,925$1,450$1,077$790$573$272
27 years$1,834$1,365$1,000$723$517$236
28 years$1,750$1,286$929$662$466$206
29 years$1,671$1,213$865$607$421$179
30 years$1,598$1,146$806$557$381$156
31 years$1,530$1,083$751$512$344$136
32 years$1,466$1,025$701$470$311$119
33 years$1,406$970$654$433$282$103
34 years$1,350$920$611$398$255$90
35 years$1,297$872$571$366$231$79
36 years$1,247$828$535$337$209$69
37 years$1,200$786$500$311$190$60
38 years$1,155$747$469$287$172$52
39 years$1,113$711$439$264$156$46
40 years$1,073$676$411$244$141$40
41 years$1,035$644$386$225$128$35
42 years$999$613$362$208$116$30
43 years$965$584$340$192$106$26
44 years$933$557$319$177$96$23
45 years$902$531$299$163$87$20
46 years$872$506$281$151$79$18
47 years$844$483$264$139$72$15
48 years$817$461$248$129$65$13
49 years$791$441$233$119$59$12
50 years$766$421$219$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $785,000, adding $6,253 every year, while hoping to spend $21,653 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: 40/42/18 Blend
50$785,000$785,000$785,000$785,000
51$871,520$829,915$817,747$901,501
52$937,376$847,542$822,103$941,095
53$1,009,224$865,307$825,880$981,344
54$1,087,652$883,195$829,034$1,024,433
55$1,173,308$901,186$831,521$1,070,631
56$1,266,904$919,263$833,296$1,120,236
57$1,369,225$937,403$834,308$1,173,575
58$1,481,135$955,586$834,507$1,231,010
59$1,603,586$973,784$833,838$1,292,939
60$1,737,626$991,974$832,245$1,359,802
61$1,884,407$1,010,124$829,669$1,432,083
62$2,045,201$1,028,204$826,047$1,510,318
63$2,221,406$1,046,181$821,314$1,595,095
64$2,414,563$1,064,017$815,402$1,687,066
65$2,626,369$1,081,675$808,238$1,786,949
66$2,858,693$1,099,112$799,749$1,895,533
67$3,113,595$1,116,283$789,855$2,013,694
68$3,393,340$1,133,139$778,474$2,142,393
69$3,700,428$1,149,630$765,520$2,282,693
70$4,037,609$1,165,699$750,902$2,435,766
71$4,407,914$1,181,287$734,526$2,602,904
72$4,814,682$1,196,331$716,294$2,785,531
73$5,261,591$1,210,763$696,101$2,985,222
74$5,752,692$1,224,510$673,840$3,203,708
75$6,292,451$1,237,494$649,397$3,442,904
76$6,885,783$1,249,634$622,655$3,704,919
77$7,538,108$1,260,841$593,489$3,992,078
78$8,255,394$1,271,022$561,770$4,306,949
79$9,044,218$1,280,076$527,363$4,652,360
80$9,911,826$1,287,896$490,127$5,031,433
81$10,866,199$1,294,371$449,913$5,447,610
82$11,916,136$1,299,379$406,569$5,904,685
83$13,071,325$1,302,792$359,933$6,406,844
84$14,342,446$1,304,475$309,836$6,958,704
85$15,741,263$1,304,282$256,104$7,565,354
86$17,280,740$1,302,060$198,551$8,232,406
87$18,975,161$1,297,645$136,988$8,966,050
88$20,840,263$1,290,866$71,213$9,773,109
89$22,893,390$1,281,539$1,019$10,661,109
90$25,153,649$1,269,468$0$11,638,346
91$27,642,097$1,254,447$0$12,728,160
92$30,381,933$1,236,257$0$13,927,577
93$33,398,724$1,214,667$0$15,247,569
94$36,720,639$1,189,431$0$16,700,443
95$40,378,719$1,160,289$0$18,299,769
96$44,407,170$1,126,964$0$20,060,502
97$48,843,682$1,089,167$0$21,999,126
98$53,729,789$1,046,587$0$24,133,815
99$59,111,256$998,898$0$26,484,596
100$65,038,515$945,755$0$29,073,548