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%12.4%
1 years$64,907$64,329$63,765$63,214$62,677$62,048
2 years$32,132$31,534$30,954$30,392$29,846$29,213
3 years$21,209$20,608$20,029$19,472$18,936$18,317
4 years$15,748$15,149$14,576$14,029$13,505$12,907
5 years$12,472$11,877$11,312$10,775$10,266$9,690
6 years$10,289$9,698$9,142$8,617$8,123$7,569
7 years$8,731$8,145$7,597$7,085$6,606$6,075
8 years$7,562$6,981$6,443$5,943$5,481$4,972
9 years$6,654$6,079$5,549$5,062$4,616$4,129
10 years$5,928$5,358$4,838$4,364$3,933$3,468
11 years$5,334$4,770$4,259$3,798$3,382$2,939
12 years$4,839$4,281$3,780$3,331$2,931$2,509
13 years$4,421$3,869$3,377$2,941$2,556$2,155
14 years$4,063$3,517$3,034$2,611$2,240$1,860
15 years$3,753$3,213$2,740$2,328$1,973$1,612
16 years$3,482$2,948$2,484$2,085$1,743$1,401
17 years$3,243$2,715$2,260$1,873$1,546$1,222
18 years$3,031$2,508$2,063$1,688$1,375$1,069
19 years$2,842$2,325$1,889$1,525$1,225$936
20 years$2,671$2,160$1,733$1,381$1,094$822
21 years$2,517$2,012$1,594$1,254$979$723
22 years$2,378$1,878$1,469$1,140$878$637
23 years$2,250$1,757$1,357$1,038$788$561
24 years$2,134$1,646$1,255$947$708$495
25 years$2,026$1,545$1,162$865$637$438
26 years$1,928$1,452$1,078$791$574$387
27 years$1,836$1,366$1,001$724$518$342
28 years$1,752$1,287$930$663$467$303
29 years$1,673$1,215$866$608$422$268
30 years$1,600$1,147$807$558$381$238
31 years$1,532$1,084$752$512$344$211
32 years$1,468$1,026$702$471$312$187
33 years$1,408$972$655$433$282$166
34 years$1,351$921$612$399$255$147
35 years$1,298$873$572$367$231$131
36 years$1,248$829$535$338$210$116
37 years$1,201$787$501$311$190$103
38 years$1,157$748$469$287$172$92
39 years$1,115$712$440$265$156$81
40 years$1,075$677$412$244$142$72
41 years$1,037$644$386$225$128$64
42 years$1,001$614$362$208$117$57
43 years$966$585$340$192$106$51
44 years$934$557$319$177$96$45
45 years$903$532$300$164$87$40
46 years$873$507$282$151$79$36
47 years$845$484$264$140$72$32
48 years$818$462$249$129$65$28
49 years$792$441$234$119$59$25
50 years$767$421$220$110$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $786,000, adding $3,533 every year, while hoping to spend $58,693 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: 55/32/13 Blend
50$786,000$786,000$786,000$786,000
51$869,816$828,158$815,975$914,545
52$896,089$806,289$780,862$923,442
53$923,074$781,381$742,604$926,446
54$950,782$753,224$701,036$928,358
55$979,224$721,594$655,983$929,085
56$1,008,407$686,255$607,261$928,529
57$1,038,341$646,957$554,681$926,585
58$1,069,030$603,437$498,041$923,142
59$1,100,481$555,414$437,135$918,082
60$1,132,695$502,595$371,744$911,277
61$1,165,674$444,666$301,642$902,593
62$1,199,417$381,299$226,590$891,888
63$1,233,918$312,143$146,342$879,008
64$1,269,172$236,833$60,639$863,791
65$1,305,168$154,978$0$846,064
66$1,341,891$66,168$0$829,919
67$1,379,324$0$0$820,138
68$1,417,442$0$0$818,708
69$1,456,217$0$0$840,937
70$1,495,615$0$0$863,503
71$1,535,593$0$0$886,380
72$1,576,102$0$0$909,536
73$1,617,086$0$0$932,935
74$1,658,478$0$0$956,537
75$1,700,199$0$0$980,291
76$1,742,162$0$0$1,004,143
77$1,784,264$0$0$1,028,030
78$1,826,388$0$0$1,051,879
79$1,868,404$0$0$1,075,609
80$1,910,161$0$0$1,099,128
81$1,951,488$0$0$1,122,330
82$1,992,196$0$0$1,145,098
83$2,032,068$0$0$1,167,300
84$2,070,862$0$0$1,188,787
85$2,108,307$0$0$1,209,391
86$2,144,096$0$0$1,228,927
87$2,177,889$0$0$1,247,184
88$2,209,304$0$0$1,263,931
89$2,237,916$0$0$1,278,906
90$2,263,249$0$0$1,291,820
91$2,284,774$0$0$1,302,348
92$2,301,900$0$0$1,310,131
93$2,313,972$0$0$1,314,768
94$2,320,259$0$0$1,315,815
95$2,319,951$0$0$1,312,778
96$2,312,147$0$0$1,305,108
97$2,295,847$0$0$1,292,195
98$2,269,942$0$0$1,273,365
99$2,233,202$0$0$1,247,870
100$2,184,263$0$0$1,214,880