Can I retire at age 51 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$64,907$64,329$63,765$63,214$62,677$62,256
2 years$32,132$31,534$30,954$30,392$29,846$29,421
3 years$21,209$20,608$20,029$19,472$18,936$18,520
4 years$15,748$15,149$14,576$14,029$13,505$13,103
5 years$12,472$11,877$11,312$10,775$10,266$9,878
6 years$10,289$9,698$9,142$8,617$8,123$7,749
7 years$8,731$8,145$7,597$7,085$6,606$6,247
8 years$7,562$6,981$6,443$5,943$5,481$5,136
9 years$6,654$6,079$5,549$5,062$4,616$4,285
10 years$5,928$5,358$4,838$4,364$3,933$3,617
11 years$5,334$4,770$4,259$3,798$3,382$3,081
12 years$4,839$4,281$3,780$3,331$2,931$2,643
13 years$4,421$3,869$3,377$2,941$2,556$2,282
14 years$4,063$3,517$3,034$2,611$2,240$1,979
15 years$3,753$3,213$2,740$2,328$1,973$1,725
16 years$3,482$2,948$2,484$2,085$1,743$1,508
17 years$3,243$2,715$2,260$1,873$1,546$1,322
18 years$3,031$2,508$2,063$1,688$1,375$1,163
19 years$2,842$2,325$1,889$1,525$1,225$1,025
20 years$2,671$2,160$1,733$1,381$1,094$905
21 years$2,517$2,012$1,594$1,254$979$800
22 years$2,378$1,878$1,469$1,140$878$709
23 years$2,250$1,757$1,357$1,038$788$629
24 years$2,134$1,646$1,255$947$708$559
25 years$2,026$1,545$1,162$865$637$496
26 years$1,928$1,452$1,078$791$574$442
27 years$1,836$1,366$1,001$724$518$393
28 years$1,752$1,287$930$663$467$350
29 years$1,673$1,215$866$608$422$312
30 years$1,600$1,147$807$558$381$279
31 years$1,532$1,084$752$512$344$249
32 years$1,468$1,026$702$471$312$222
33 years$1,408$972$655$433$282$198
34 years$1,351$921$612$399$255$177
35 years$1,298$873$572$367$231$158
36 years$1,248$829$535$338$210$142
37 years$1,201$787$501$311$190$127
38 years$1,157$748$469$287$172$113
39 years$1,115$712$440$265$156$101
40 years$1,075$677$412$244$142$91
41 years$1,037$644$386$225$128$81
42 years$1,001$614$362$208$117$73
43 years$966$585$340$192$106$65
44 years$934$557$319$177$96$58
45 years$903$532$300$164$87$52
46 years$873$507$282$151$79$47
47 years$845$484$264$140$72$42
48 years$818$462$249$129$65$37
49 years$792$441$234$119$59$34
50 years$767$421$220$110$54$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $786,000, adding $2,471 every year, while hoping to spend $22,026 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: 63/12/25 Blend
50$786,000$786,000$786,000$786,000
51$868,721$827,063$814,880$917,573
52$933,895$844,153$818,743$968,011
53$1,004,978$861,343$821,997$1,020,424
54$1,082,551$878,614$824,599$1,077,185
55$1,167,251$895,945$826,502$1,138,724
56$1,259,779$913,316$827,659$1,205,512
57$1,360,910$930,702$828,019$1,278,070
58$1,471,495$948,077$827,529$1,356,973
59$1,592,469$965,415$826,134$1,442,853
60$1,724,866$982,686$823,774$1,536,407
61$1,869,821$999,856$820,389$1,638,405
62$2,028,586$1,016,892$815,915$1,749,694
63$2,202,538$1,033,756$810,285$1,871,209
64$2,393,195$1,050,408$803,427$2,003,980
65$2,602,228$1,066,805$795,269$2,149,143
66$2,831,477$1,082,901$785,733$2,307,951
67$3,082,970$1,098,645$774,737$2,481,783
68$3,358,940$1,113,986$762,198$2,672,161
69$3,661,846$1,128,866$748,026$2,880,764
70$3,994,398$1,143,224$732,129$3,109,439
71$4,359,581$1,156,995$714,409$3,360,227
72$4,760,681$1,170,111$694,764$3,635,375
73$5,201,320$1,182,497$673,089$3,937,360
74$5,685,489$1,194,073$649,272$4,268,914
75$6,217,583$1,204,757$623,196$4,633,047
76$6,802,444$1,214,457$594,740$5,033,080
77$7,445,406$1,223,079$563,777$5,472,670
78$8,152,348$1,230,520$530,174$5,955,852
79$8,929,744$1,236,672$493,792$6,487,071
80$9,784,729$1,241,420$454,485$7,071,229
81$10,725,164$1,244,642$412,102$7,713,728
82$11,759,708$1,246,207$366,485$8,420,524
83$12,897,904$1,245,977$317,468$9,198,181
84$14,150,265$1,243,805$264,878$10,053,935
85$15,528,375$1,239,534$208,535$10,995,763
86$17,044,999$1,233,000$148,250$12,032,457
87$18,714,199$1,224,027$83,826$13,173,707
88$20,551,471$1,212,429$15,059$14,430,195
89$22,573,891$1,198,007$0$15,813,696
90$24,800,271$1,180,554$0$17,352,747
91$27,251,344$1,159,846$0$19,051,390
92$29,949,951$1,135,649$0$20,921,435
93$32,921,264$1,107,714$0$22,980,323
94$36,193,019$1,075,777$0$25,247,277
95$39,795,776$1,039,559$0$27,743,480
96$43,763,213$998,766$0$30,492,274
97$48,132,439$953,084$0$33,519,383
98$52,944,346$902,183$0$36,853,154
99$58,243,993$845,713$0$40,524,825
100$64,081,033$783,305$0$44,568,822