Can I retire at age 51 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$64,990$64,411$63,846$63,295$62,756$61,041
2 years$32,173$31,574$30,993$30,430$29,884$28,169
3 years$21,236$20,634$20,055$19,497$18,960$17,298
4 years$15,768$15,168$14,595$14,046$13,522$11,926
5 years$12,488$11,892$11,326$10,789$10,279$8,754
6 years$10,303$9,711$9,153$8,628$8,134$6,680
7 years$8,742$8,155$7,606$7,094$6,615$5,234
8 years$7,572$6,990$6,451$5,951$5,488$4,178
9 years$6,662$6,086$5,556$5,069$4,621$3,382
10 years$5,935$5,365$4,844$4,369$3,938$2,766
11 years$5,341$4,776$4,264$3,803$3,387$2,282
12 years$4,846$4,287$3,785$3,335$2,935$1,895
13 years$4,427$3,874$3,381$2,945$2,559$1,581
14 years$4,068$3,521$3,038$2,614$2,243$1,326
15 years$3,758$3,217$2,743$2,331$1,975$1,115
16 years$3,487$2,951$2,487$2,087$1,746$941
17 years$3,248$2,718$2,263$1,875$1,548$796
18 years$3,035$2,512$2,066$1,690$1,376$674
19 years$2,845$2,328$1,891$1,527$1,227$572
20 years$2,675$2,163$1,736$1,383$1,096$487
21 years$2,521$2,015$1,596$1,255$981$414
22 years$2,381$1,881$1,471$1,141$879$353
23 years$2,253$1,759$1,359$1,039$789$301
24 years$2,136$1,648$1,256$948$709$257
25 years$2,029$1,547$1,164$866$638$219
26 years$1,930$1,454$1,079$792$575$187
27 years$1,839$1,368$1,002$725$518$160
28 years$1,754$1,289$932$664$468$137
29 years$1,675$1,216$867$609$422$117
30 years$1,602$1,148$808$559$382$100
31 years$1,534$1,086$753$513$345$86
32 years$1,469$1,027$702$472$312$73
33 years$1,409$973$656$434$282$63
34 years$1,353$922$613$399$256$54
35 years$1,300$875$573$367$232$46
36 years$1,250$830$536$338$210$39
37 years$1,203$788$502$312$190$34
38 years$1,158$749$470$287$172$29
39 years$1,116$712$440$265$156$25
40 years$1,076$678$413$244$142$21
41 years$1,038$645$387$225$129$18
42 years$1,002$614$363$208$117$16
43 years$968$585$340$192$106$13
44 years$935$558$320$177$96$11
45 years$904$532$300$164$87$10
46 years$874$508$282$151$79$8
47 years$846$484$265$140$72$7
48 years$819$463$249$129$65$6
49 years$793$442$234$119$59$5
50 years$768$422$220$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $787,000, adding $3,475 every year, while hoping to spend $45,188 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: 58/26/16 Blend
50$787,000$787,000$787,000$787,000
51$870,858$829,147$816,949$917,573
52$911,606$821,696$796,237$942,152
53$954,996$812,365$773,317$963,667
54$1,001,249$801,014$748,067$986,080
55$1,050,609$787,496$720,359$1,009,484
56$1,103,341$771,654$690,061$1,033,986
57$1,159,737$753,320$657,033$1,059,703
58$1,220,117$732,320$621,131$1,086,767
59$1,284,832$708,466$582,201$1,115,328
60$1,354,265$681,562$540,086$1,145,551
61$1,428,840$651,398$494,619$1,177,621
62$1,509,020$617,754$445,626$1,211,745
63$1,595,312$580,397$392,927$1,248,157
64$1,688,276$539,078$336,333$1,287,112
65$1,788,526$493,538$275,645$1,328,901
66$1,896,733$443,500$210,657$1,373,845
67$2,013,641$388,672$141,154$1,422,301
68$2,140,061$328,745$66,912$1,474,669
69$2,276,888$263,395$0$1,531,393
70$2,425,106$192,276$0$1,595,069
71$2,585,795$115,026$0$1,676,473
72$2,760,144$31,261$0$1,764,823
73$2,949,461$0$0$1,860,845
74$3,155,183$0$0$1,982,343
75$3,378,892$0$0$2,124,248
76$3,622,329$0$0$2,278,728
77$3,887,409$0$0$2,447,005
78$4,176,238$0$0$2,630,427
79$4,491,136$0$0$2,830,473
80$4,834,654$0$0$3,048,773
81$5,209,602$0$0$3,287,122
82$5,619,071$0$0$3,547,496
83$6,066,467$0$0$3,832,067
84$6,555,535$0$0$4,143,231
85$7,090,403$0$0$4,483,623
86$7,675,612$0$0$4,856,144
87$8,316,166$0$0$5,263,992
88$9,017,572$0$0$5,710,684
89$9,785,895$0$0$6,200,097
90$10,627,816$0$0$6,736,497
91$11,550,692$0$0$7,324,587
92$12,562,624$0$0$7,969,541
93$13,672,537$0$0$8,677,064
94$14,890,260$0$0$9,453,434
95$16,226,618$0$0$10,305,571
96$17,693,539$0$0$11,241,094
97$19,304,157$0$0$12,268,397
98$21,072,943$0$0$13,396,728
99$23,015,837$0$0$14,636,273
100$25,150,401$0$0$15,998,253