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%13.4%
1 years$64,825$64,247$63,684$63,134$62,597$61,713
2 years$32,091$31,494$30,914$30,353$29,808$28,919
3 years$21,182$20,581$20,004$19,447$18,911$18,045
4 years$15,728$15,130$14,558$14,011$13,488$12,651
5 years$12,457$11,862$11,297$10,762$10,253$9,448
6 years$10,276$9,686$9,130$8,606$8,113$7,340
7 years$8,720$8,134$7,587$7,076$6,598$5,859
8 years$7,553$6,973$6,434$5,936$5,474$4,767
9 years$6,646$6,071$5,542$5,056$4,610$3,936
10 years$5,920$5,351$4,832$4,358$3,928$3,286
11 years$5,327$4,764$4,254$3,793$3,378$2,768
12 years$4,833$4,276$3,775$3,327$2,927$2,348
13 years$4,416$3,864$3,373$2,937$2,553$2,003
14 years$4,058$3,512$3,030$2,607$2,238$1,717
15 years$3,749$3,209$2,736$2,325$1,970$1,478
16 years$3,478$2,944$2,481$2,082$1,741$1,276
17 years$3,239$2,711$2,257$1,871$1,544$1,105
18 years$3,027$2,505$2,061$1,686$1,373$960
19 years$2,838$2,322$1,886$1,523$1,224$835
20 years$2,668$2,158$1,731$1,380$1,093$728
21 years$2,514$2,010$1,592$1,252$978$635
22 years$2,375$1,876$1,468$1,138$877$555
23 years$2,247$1,755$1,355$1,037$787$485
24 years$2,131$1,644$1,253$946$707$425
25 years$2,024$1,543$1,161$864$636$373
26 years$1,925$1,450$1,077$790$573$327
27 years$1,834$1,365$1,000$723$517$287
28 years$1,750$1,286$929$662$466$252
29 years$1,671$1,213$865$607$421$221
30 years$1,598$1,146$806$557$381$195
31 years$1,530$1,083$751$512$344$171
32 years$1,466$1,025$701$470$311$151
33 years$1,406$970$654$433$282$132
34 years$1,350$920$611$398$255$117
35 years$1,297$872$571$366$231$103
36 years$1,247$828$535$337$209$90
37 years$1,200$786$500$311$190$80
38 years$1,155$747$469$287$172$70
39 years$1,113$711$439$264$156$62
40 years$1,073$676$411$244$141$54
41 years$1,035$644$386$225$128$48
42 years$999$613$362$208$116$42
43 years$965$584$340$192$106$37
44 years$933$557$319$177$96$33
45 years$902$531$299$163$87$29
46 years$872$506$281$151$79$26
47 years$844$483$264$139$72$22
48 years$817$461$248$129$65$20
49 years$791$441$233$119$59$17
50 years$766$421$219$110$54$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $785,000, adding $3,264 every year, while hoping to spend $42,552 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: 82/13/5 Blend
50$785,000$785,000$785,000$785,000
51$868,437$826,832$814,664$939,298
52$911,742$822,072$796,681$981,312
53$958,039$815,652$776,668$1,021,369
54$1,007,587$807,447$754,514$1,064,013
55$1,060,671$797,322$730,101$1,109,479
56$1,117,604$785,136$703,304$1,158,024
57$1,178,731$770,738$673,996$1,209,930
58$1,244,426$753,969$642,040$1,265,510
59$1,315,105$734,661$607,295$1,325,107
60$1,391,221$712,635$569,615$1,389,100
61$1,473,273$687,702$528,845$1,457,906
62$1,561,809$659,661$484,823$1,531,985
63$1,657,432$628,302$437,383$1,611,844
64$1,760,801$593,400$386,346$1,698,039
65$1,872,645$554,719$331,531$1,791,188
66$1,993,763$512,009$272,746$1,891,969
67$2,125,033$465,003$209,789$2,001,128
68$2,267,422$413,424$142,452$2,119,491
69$2,421,992$356,975$70,517$2,247,966
70$2,589,912$295,343$0$2,387,556
71$2,772,467$228,199$0$2,539,697
72$2,971,072$155,194$0$2,709,312
73$3,187,283$75,960$0$2,893,989
74$3,422,812$0$0$3,095,225
75$3,679,543$0$0$3,316,079
76$3,959,550$0$0$3,568,825
77$4,265,117$0$0$3,844,657
78$4,598,754$0$0$4,145,846
79$4,963,227$0$0$4,474,892
80$5,361,583$0$0$4,834,544
81$5,797,172$0$0$5,227,832
82$6,273,685$0$0$5,658,091
83$6,795,186$0$0$6,128,992
84$7,366,151$0$0$6,644,579
85$7,991,506$0$0$7,209,304
86$8,676,679$0$0$7,828,071
87$9,427,646$0$0$8,506,280
88$10,250,988$0$0$9,249,879
89$11,153,956$0$0$10,065,417
90$12,144,534$0$0$10,960,109
91$13,231,516$0$0$11,941,903
92$14,424,589$0$0$13,019,552
93$15,734,426$0$0$14,202,697
94$17,172,779$0$0$15,501,960
95$18,752,597$0$0$16,929,042
96$20,488,146$0$0$18,496,831
97$22,395,137$0$0$20,219,527
98$24,490,884$0$0$22,112,773
99$26,794,458$0$0$24,193,802
100$29,326,869$0$0$26,481,600