Can I retire at age 51 with 787,000?

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 $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%15.7%
1 years$64,990$64,411$63,846$63,295$62,756$61,289
2 years$32,173$31,574$30,993$30,430$29,884$28,414
3 years$21,236$20,634$20,055$19,497$18,960$17,533
4 years$15,768$15,168$14,595$14,046$13,522$12,150
5 years$12,488$11,892$11,326$10,789$10,279$8,965
6 years$10,303$9,711$9,153$8,628$8,134$6,879
7 years$8,742$8,155$7,606$7,094$6,615$5,420
8 years$7,572$6,990$6,451$5,951$5,488$4,352
9 years$6,662$6,086$5,556$5,069$4,621$3,544
10 years$5,935$5,365$4,844$4,369$3,938$2,917
11 years$5,341$4,776$4,264$3,803$3,387$2,422
12 years$4,846$4,287$3,785$3,335$2,935$2,024
13 years$4,427$3,874$3,381$2,945$2,559$1,701
14 years$4,068$3,521$3,038$2,614$2,243$1,436
15 years$3,758$3,217$2,743$2,331$1,975$1,216
16 years$3,487$2,951$2,487$2,087$1,746$1,033
17 years$3,248$2,718$2,263$1,875$1,548$880
18 years$3,035$2,512$2,066$1,690$1,376$752
19 years$2,845$2,328$1,891$1,527$1,227$643
20 years$2,675$2,163$1,736$1,383$1,096$551
21 years$2,521$2,015$1,596$1,255$981$472
22 years$2,381$1,881$1,471$1,141$879$405
23 years$2,253$1,759$1,359$1,039$789$348
24 years$2,136$1,648$1,256$948$709$300
25 years$2,029$1,547$1,164$866$638$258
26 years$1,930$1,454$1,079$792$575$222
27 years$1,839$1,368$1,002$725$518$191
28 years$1,754$1,289$932$664$468$165
29 years$1,675$1,216$867$609$422$142
30 years$1,602$1,148$808$559$382$123
31 years$1,534$1,086$753$513$345$106
32 years$1,469$1,027$702$472$312$91
33 years$1,409$973$656$434$282$79
34 years$1,353$922$613$399$256$68
35 years$1,300$875$573$367$232$59
36 years$1,250$830$536$338$210$51
37 years$1,203$788$502$312$190$44
38 years$1,158$749$470$287$172$38
39 years$1,116$712$440$265$156$33
40 years$1,076$678$413$244$142$28
41 years$1,038$645$387$225$129$24
42 years$1,002$614$363$208$117$21
43 years$968$585$340$192$106$18
44 years$935$558$320$177$96$16
45 years$904$532$300$164$87$14
46 years$874$508$282$151$79$12
47 years$846$484$265$140$72$10
48 years$819$463$249$129$65$9
49 years$793$442$234$119$59$8
50 years$768$422$220$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $787,000, adding $4,249 every year, while hoping to spend $45,360 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: 62/14/24 Blend
50$787,000$787,000$787,000$787,000
51$871,657$829,946$817,747$919,928
52$912,303$822,351$796,879$945,522
53$955,575$812,863$773,792$968,085
54$1,001,693$801,342$748,363$991,718
55$1,050,897$787,639$720,464$1,016,530
56$1,103,451$771,596$689,962$1,042,646
57$1,159,645$753,046$656,718$1,070,204
58$1,219,795$731,812$620,584$1,099,359
59$1,284,249$707,706$581,409$1,130,282
60$1,353,389$680,530$539,033$1,163,167
61$1,427,632$650,073$493,288$1,198,226
62$1,507,439$616,115$444,002$1,235,698
63$1,593,313$578,420$390,991$1,275,848
64$1,685,808$536,739$334,066$1,318,970
65$1,785,531$490,811$273,028$1,365,393
66$1,893,151$440,356$207,670$1,415,480
67$2,009,401$385,083$137,776$1,469,636
68$2,135,088$324,680$63,120$1,528,311
69$2,271,099$258,820$0$1,592,004
70$2,418,406$187,157$0$1,665,507
71$2,578,082$109,327$0$1,762,723
72$2,751,304$24,942$0$1,868,217
73$2,939,368$0$0$1,982,814
74$3,143,699$0$0$2,117,655
75$3,365,863$0$0$2,268,494
76$3,607,586$0$0$2,432,666
77$3,870,765$0$0$2,611,466
78$4,157,486$0$0$2,806,320
79$4,470,048$0$0$3,018,796
80$4,810,979$0$0$3,250,622
81$5,183,062$0$0$3,503,696
82$5,589,361$0$0$3,780,112
83$6,033,247$0$0$4,082,172
84$6,518,434$0$0$4,412,411
85$7,049,008$0$0$4,773,621
86$7,629,470$0$0$5,168,876
87$8,264,775$0$0$5,601,559
88$8,960,379$0$0$6,075,399
89$9,722,293$0$0$6,594,497
90$10,557,132$0$0$7,163,376
91$11,472,184$0$0$7,787,011
92$12,475,476$0$0$8,470,886
93$13,575,847$0$0$9,221,039
94$14,783,034$0$0$10,044,120
95$16,107,762$0$0$10,947,455
96$17,561,842$0$0$11,939,113
97$19,158,288$0$0$13,027,984
98$20,911,433$0$0$14,223,859
99$22,837,068$0$0$15,537,524
100$24,952,586$0$0$16,980,862