Can I retire at age 51 with 786,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$64,907$64,329$63,765$63,214$62,677$61,411
2 years$32,132$31,534$30,954$30,392$29,846$28,577
3 years$21,209$20,608$20,029$19,472$18,936$17,702
4 years$15,748$15,149$14,576$14,029$13,505$12,316
5 years$12,472$11,877$11,312$10,775$10,266$9,126
6 years$10,289$9,698$9,142$8,617$8,123$7,033
7 years$8,731$8,145$7,597$7,085$6,606$5,566
8 years$7,562$6,981$6,443$5,943$5,481$4,490
9 years$6,654$6,079$5,549$5,062$4,616$3,674
10 years$5,928$5,358$4,838$4,364$3,933$3,039
11 years$5,334$4,770$4,259$3,798$3,382$2,536
12 years$4,839$4,281$3,780$3,331$2,931$2,131
13 years$4,421$3,869$3,377$2,941$2,556$1,800
14 years$4,063$3,517$3,034$2,611$2,240$1,528
15 years$3,753$3,213$2,740$2,328$1,973$1,301
16 years$3,482$2,948$2,484$2,085$1,743$1,112
17 years$3,243$2,715$2,260$1,873$1,546$953
18 years$3,031$2,508$2,063$1,688$1,375$818
19 years$2,842$2,325$1,889$1,525$1,225$704
20 years$2,671$2,160$1,733$1,381$1,094$607
21 years$2,517$2,012$1,594$1,254$979$523
22 years$2,378$1,878$1,469$1,140$878$452
23 years$2,250$1,757$1,357$1,038$788$391
24 years$2,134$1,646$1,255$947$708$338
25 years$2,026$1,545$1,162$865$637$293
26 years$1,928$1,452$1,078$791$574$254
27 years$1,836$1,366$1,001$724$518$220
28 years$1,752$1,287$930$663$467$191
29 years$1,673$1,215$866$608$422$166
30 years$1,600$1,147$807$558$381$144
31 years$1,532$1,084$752$512$344$125
32 years$1,468$1,026$702$471$312$109
33 years$1,408$972$655$433$282$94
34 years$1,351$921$612$399$255$82
35 years$1,298$873$572$367$231$71
36 years$1,248$829$535$338$210$62
37 years$1,201$787$501$311$190$54
38 years$1,157$748$469$287$172$47
39 years$1,115$712$440$265$156$41
40 years$1,075$677$412$244$142$36
41 years$1,037$644$386$225$128$31
42 years$1,001$614$362$208$117$27
43 years$966$585$340$192$106$23
44 years$934$557$319$177$96$20
45 years$903$532$300$164$87$18
46 years$873$507$282$151$79$15
47 years$845$484$264$140$72$13
48 years$818$462$249$129$65$12
49 years$792$441$234$119$59$10
50 years$767$421$220$110$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $786,000, adding $6,411 every year, while hoping to spend $59,066 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: 83/7/10 Blend
50$786,000$786,000$786,000$786,000
51$872,785$831,127$818,944$943,364
52$898,963$809,006$783,533$968,376
53$925,832$783,822$744,956$987,296
54$953,400$755,362$703,044$1,006,277
55$981,673$723,401$657,623$1,025,288
56$1,010,657$687,701$608,507$1,044,300
57$1,040,356$648,011$555,504$1,063,278
58$1,070,773$604,065$498,414$1,082,183
59$1,101,908$555,580$437,027$1,100,975
60$1,133,760$502,260$371,124$1,119,606
61$1,166,323$443,790$300,476$1,138,027
62$1,199,590$379,839$224,845$1,156,183
63$1,233,551$310,054$143,980$1,174,011
64$1,268,192$234,065$57,622$1,191,445
65$1,303,494$151,480$0$1,208,411
66$1,339,434$61,886$0$1,228,515
67$1,375,984$0$0$1,254,784
68$1,413,109$0$0$1,283,705
69$1,450,770$0$0$1,317,875
70$1,488,918$0$0$1,352,481
71$1,527,498$0$0$1,387,473
72$1,566,444$0$0$1,422,791
73$1,605,682$0$0$1,458,366
74$1,645,125$0$0$1,494,119
75$1,684,674$0$0$1,529,959
76$1,724,218$0$0$1,565,783
77$1,763,628$0$0$1,601,474
78$1,802,759$0$0$1,636,899
79$1,841,447$0$0$1,671,907
80$1,879,508$0$0$1,706,330
81$1,916,734$0$0$1,739,976
82$1,952,891$0$0$1,772,632
83$1,987,716$0$0$1,804,057
84$2,020,915$0$0$1,833,981
85$2,052,160$0$0$1,862,104
86$2,081,083$0$0$1,888,089
87$2,107,274$0$0$1,911,559
88$2,130,275$0$0$1,932,097
89$2,149,575$0$0$1,949,234
90$2,164,608$0$0$1,962,452
91$2,174,741$0$0$1,971,171
92$2,179,272$0$0$1,974,749
93$2,177,420$0$0$1,972,471
94$2,168,319$0$0$1,963,544
95$2,151,007$0$0$1,947,088
96$2,124,417$0$0$1,922,126
97$2,087,366$0$0$1,887,576
98$2,038,543$0$0$1,842,237
99$1,976,496$0$0$1,784,781
100$1,899,615$0$0$1,713,736