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%19.8%
1 years$64,825$64,247$63,684$63,134$62,597$60,137
2 years$32,091$31,494$30,914$30,353$29,808$27,360
3 years$21,182$20,581$20,004$19,447$18,911$16,552
4 years$15,728$15,130$14,558$14,011$13,488$11,235
5 years$12,457$11,862$11,297$10,762$10,253$8,113
6 years$10,276$9,686$9,130$8,606$8,113$6,087
7 years$8,720$8,134$7,587$7,076$6,598$4,685
8 years$7,553$6,973$6,434$5,936$5,474$3,672
9 years$6,646$6,071$5,542$5,056$4,610$2,916
10 years$5,920$5,351$4,832$4,358$3,928$2,340
11 years$5,327$4,764$4,254$3,793$3,378$1,892
12 years$4,833$4,276$3,775$3,327$2,927$1,539
13 years$4,416$3,864$3,373$2,937$2,553$1,257
14 years$4,058$3,512$3,030$2,607$2,238$1,032
15 years$3,749$3,209$2,736$2,325$1,970$849
16 years$3,478$2,944$2,481$2,082$1,741$700
17 years$3,239$2,711$2,257$1,871$1,544$579
18 years$3,027$2,505$2,061$1,686$1,373$479
19 years$2,838$2,322$1,886$1,523$1,224$398
20 years$2,668$2,158$1,731$1,380$1,093$330
21 years$2,514$2,010$1,592$1,252$978$274
22 years$2,375$1,876$1,468$1,138$877$228
23 years$2,247$1,755$1,355$1,037$787$190
24 years$2,131$1,644$1,253$946$707$158
25 years$2,024$1,543$1,161$864$636$132
26 years$1,925$1,450$1,077$790$573$110
27 years$1,834$1,365$1,000$723$517$91
28 years$1,750$1,286$929$662$466$76
29 years$1,671$1,213$865$607$421$64
30 years$1,598$1,146$806$557$381$53
31 years$1,530$1,083$751$512$344$44
32 years$1,466$1,025$701$470$311$37
33 years$1,406$970$654$433$282$31
34 years$1,350$920$611$398$255$26
35 years$1,297$872$571$366$231$21
36 years$1,247$828$535$337$209$18
37 years$1,200$786$500$311$190$15
38 years$1,155$747$469$287$172$12
39 years$1,113$711$439$264$156$10
40 years$1,073$676$411$244$141$9
41 years$1,035$644$386$225$128$7
42 years$999$613$362$208$116$6
43 years$965$584$340$192$106$5
44 years$933$557$319$177$96$4
45 years$902$531$299$163$87$4
46 years$872$506$281$151$79$3
47 years$844$483$264$139$72$2
48 years$817$461$248$129$65$2
49 years$791$441$233$119$59$2
50 years$766$421$219$110$54$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $785,000, adding $4,695 every year, while hoping to spend $24,099 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: 77/12/11 Blend
50$785,000$785,000$785,000$785,000
51$869,913$828,308$816,140$934,780
52$933,003$843,254$817,840$993,074
53$1,001,720$858,124$818,789$1,053,435
54$1,076,614$872,891$818,936$1,118,934
55$1,158,287$887,521$818,229$1,190,074
56$1,247,404$901,982$816,612$1,267,408
57$1,344,698$916,236$814,026$1,351,546
58$1,450,971$930,247$810,411$1,443,159
59$1,567,112$943,970$805,701$1,542,987
60$1,694,096$957,363$799,831$1,651,845
61$1,832,997$970,377$792,728$1,770,630
62$1,984,998$982,961$784,320$1,900,331
63$2,151,401$995,060$774,528$2,042,038
64$2,333,642$1,006,616$763,273$2,196,952
65$2,533,299$1,017,566$750,468$2,366,395
66$2,752,113$1,027,844$736,026$2,551,826
67$2,991,999$1,037,378$719,853$2,754,850
68$3,255,067$1,046,094$701,853$2,977,238
69$3,543,641$1,053,910$681,922$3,220,940
70$3,860,282$1,060,741$659,956$3,488,105
71$4,207,808$1,066,495$635,842$3,781,102
72$4,589,326$1,071,074$609,464$4,102,541
73$5,008,257$1,074,377$580,701$4,455,299
74$5,468,370$1,076,292$549,425$4,842,545
75$5,973,816$1,076,703$515,503$5,267,773
76$6,529,170$1,075,485$478,797$5,734,831
77$7,139,469$1,072,508$439,160$6,247,964
78$7,810,265$1,067,631$396,442$6,811,845
79$8,547,673$1,060,706$350,484$7,431,628
80$9,358,431$1,051,576$301,121$8,112,992
81$10,249,961$1,040,073$248,178$8,862,194
82$11,230,442$1,026,022$191,477$9,686,131
83$12,308,884$1,009,234$130,829$10,592,405
84$13,495,215$989,510$66,036$11,589,391
85$14,800,372$966,642$0$12,686,322
86$16,236,408$940,405$0$13,893,737
87$17,816,600$910,564$0$15,230,778
88$19,555,581$876,869$0$16,702,070
89$21,469,471$839,057$0$18,321,259
90$23,576,034$796,847$0$20,103,383
91$25,894,841$749,944$0$22,065,013
92$28,447,459$698,036$0$24,224,408
93$31,257,651$640,791$0$26,601,691
94$34,351,603$577,861$0$29,219,037
95$37,758,166$508,876$0$32,100,883
96$41,509,134$433,445$0$35,274,155
97$45,639,538$351,157$0$38,768,529
98$50,187,983$261,576$0$42,616,707
99$55,197,006$164,242$0$46,854,725
100$60,713,479$58,668$0$51,522,294