Can I retire at age 51 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$65,072$64,493$63,927$63,375$62,836$62,103
2 years$32,214$31,614$31,033$30,469$29,922$29,184
3 years$21,263$20,660$20,080$19,522$18,984$18,263
4 years$15,788$15,187$14,613$14,064$13,539$12,843
5 years$12,504$11,907$11,340$10,803$10,292$9,621
6 years$10,316$9,723$9,165$8,639$8,144$7,500
7 years$8,753$8,165$7,616$7,103$6,623$6,006
8 years$7,582$6,999$6,459$5,958$5,495$4,904
9 years$6,671$6,094$5,563$5,075$4,627$4,063
10 years$5,943$5,372$4,850$4,375$3,943$3,404
11 years$5,348$4,782$4,270$3,807$3,391$2,878
12 years$4,852$4,292$3,789$3,340$2,938$2,451
13 years$4,433$3,879$3,386$2,948$2,562$2,099
14 years$4,074$3,526$3,042$2,617$2,246$1,807
15 years$3,763$3,221$2,746$2,334$1,978$1,562
16 years$3,491$2,955$2,490$2,090$1,748$1,354
17 years$3,252$2,721$2,266$1,878$1,550$1,178
18 years$3,039$2,515$2,068$1,692$1,378$1,027
19 years$2,849$2,331$1,894$1,529$1,228$897
20 years$2,678$2,166$1,738$1,385$1,097$785
21 years$2,524$2,017$1,598$1,257$982$688
22 years$2,384$1,883$1,473$1,143$880$604
23 years$2,256$1,761$1,360$1,041$790$531
24 years$2,139$1,650$1,258$949$710$467
25 years$2,032$1,549$1,165$867$639$412
26 years$1,933$1,455$1,081$793$576$363
27 years$1,841$1,370$1,003$726$519$320
28 years$1,756$1,291$933$665$468$282
29 years$1,677$1,218$868$610$423$249
30 years$1,604$1,150$809$559$382$220
31 years$1,535$1,087$754$514$345$195
32 years$1,471$1,029$703$472$312$172
33 years$1,411$974$657$434$283$152
34 years$1,355$923$614$400$256$135
35 years$1,302$876$574$368$232$119
36 years$1,252$831$537$339$210$105
37 years$1,204$789$502$312$190$93
38 years$1,160$750$470$288$173$83
39 years$1,117$713$441$265$157$73
40 years$1,077$679$413$245$142$65
41 years$1,039$646$387$226$129$57
42 years$1,003$615$363$208$117$51
43 years$969$586$341$192$106$45
44 years$936$559$320$178$96$40
45 years$905$533$300$164$87$35
46 years$875$508$282$151$79$31
47 years$847$485$265$140$72$28
48 years$820$463$249$129$65$25
49 years$794$442$234$119$59$22
50 years$769$422$220$110$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $788,000, adding $3,167 every year, while hoping to spend $39,784 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: 83/5/12 Blend
50$788,000$788,000$788,000$788,000
51$871,643$829,879$817,665$941,893
52$918,220$828,213$802,727$986,711
53$968,216$825,132$785,955$1,030,319
54$1,021,935$820,525$767,246$1,077,018
55$1,079,715$814,273$746,491$1,127,094
56$1,141,925$806,252$723,578$1,180,866
57$1,208,971$796,328$698,387$1,238,684
58$1,281,299$784,361$670,796$1,300,931
59$1,359,398$770,201$640,674$1,368,033
60$1,443,807$753,691$607,886$1,440,457
61$1,535,116$734,663$572,292$1,518,717
62$1,633,976$712,939$533,742$1,603,381
63$1,741,102$688,333$492,082$1,695,073
64$1,857,278$660,646$447,151$1,794,482
65$1,983,371$629,668$398,781$1,902,366
66$2,120,329$595,176$346,795$2,019,562
67$2,269,199$556,936$291,008$2,146,990
68$2,431,130$514,698$231,230$2,285,666
69$2,607,388$468,201$167,259$2,436,709
70$2,799,365$417,167$98,885$2,601,353
71$3,008,593$361,301$25,892$2,780,955
72$3,236,760$300,295$0$2,977,015
73$3,485,719$233,819$0$3,197,842
74$3,757,516$161,529$0$3,442,567
75$4,054,397$83,059$0$3,709,910
76$4,378,839$0$0$4,002,115
77$4,733,568$0$0$4,321,761
78$5,121,583$0$0$4,676,416
79$5,546,190$0$0$5,064,532
80$6,011,026$0$0$5,489,436
81$6,520,097$0$0$5,954,792
82$7,077,816$0$0$6,464,636
83$7,689,042$0$0$7,023,411
84$8,359,125$0$0$7,636,012
85$9,093,960$0$0$8,307,829
86$9,900,037$0$0$9,044,798
87$10,784,506$0$0$9,853,461
88$11,755,244$0$0$10,741,018
89$12,820,924$0$0$11,715,406
90$13,991,103$0$0$12,785,363
91$15,276,307$0$0$13,960,518
92$16,688,132$0$0$15,251,477
93$18,239,353$0$0$16,669,923
94$19,944,044$0$0$18,228,729
95$21,817,707$0$0$19,942,076
96$23,877,424$0$0$21,825,585
97$26,142,014$0$0$23,896,469
98$28,632,207$0$0$26,173,690
99$31,370,848$0$0$28,678,141
100$34,383,101$0$0$31,432,840