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%12.1%
1 years$65,072$64,493$63,927$63,375$62,836$62,284
2 years$32,214$31,614$31,033$30,469$29,922$29,365
3 years$21,263$20,660$20,080$19,522$18,984$18,440
4 years$15,788$15,187$14,613$14,064$13,539$13,013
5 years$12,504$11,907$11,340$10,803$10,292$9,785
6 years$10,316$9,723$9,165$8,639$8,144$7,656
7 years$8,753$8,165$7,616$7,103$6,623$6,154
8 years$7,582$6,999$6,459$5,958$5,495$5,045
9 years$6,671$6,094$5,563$5,075$4,627$4,197
10 years$5,943$5,372$4,850$4,375$3,943$3,532
11 years$5,348$4,782$4,270$3,807$3,391$2,999
12 years$4,852$4,292$3,789$3,340$2,938$2,565
13 years$4,433$3,879$3,386$2,948$2,562$2,207
14 years$4,074$3,526$3,042$2,617$2,246$1,909
15 years$3,763$3,221$2,746$2,334$1,978$1,657
16 years$3,491$2,955$2,490$2,090$1,748$1,444
17 years$3,252$2,721$2,266$1,878$1,550$1,262
18 years$3,039$2,515$2,068$1,692$1,378$1,106
19 years$2,849$2,331$1,894$1,529$1,228$971
20 years$2,678$2,166$1,738$1,385$1,097$854
21 years$2,524$2,017$1,598$1,257$982$753
22 years$2,384$1,883$1,473$1,143$880$665
23 years$2,256$1,761$1,360$1,041$790$587
24 years$2,139$1,650$1,258$949$710$519
25 years$2,032$1,549$1,165$867$639$460
26 years$1,933$1,455$1,081$793$576$408
27 years$1,841$1,370$1,003$726$519$362
28 years$1,756$1,291$933$665$468$321
29 years$1,677$1,218$868$610$423$285
30 years$1,604$1,150$809$559$382$253
31 years$1,535$1,087$754$514$345$225
32 years$1,471$1,029$703$472$312$200
33 years$1,411$974$657$434$283$178
34 years$1,355$923$614$400$256$158
35 years$1,302$876$574$368$232$141
36 years$1,252$831$537$339$210$125
37 years$1,204$789$502$312$190$112
38 years$1,160$750$470$288$173$100
39 years$1,117$713$441$265$157$89
40 years$1,077$679$413$245$142$79
41 years$1,039$646$387$226$129$70
42 years$1,003$615$363$208$117$63
43 years$969$586$341$192$106$56
44 years$936$559$320$178$96$50
45 years$905$533$300$164$87$44
46 years$875$508$282$151$79$40
47 years$847$485$265$140$72$35
48 years$820$463$249$129$65$31
49 years$794$442$234$119$59$28
50 years$769$422$220$110$54$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $788,000, adding $5,308 every year, while hoping to spend $30,028 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: 74/12/14 Blend
50$788,000$788,000$788,000$788,000
51$873,851$832,087$819,873$935,508
52$931,034$840,910$815,389$985,822
53$993,044$849,159$809,749$1,036,698
54$1,060,340$856,773$802,881$1,091,631
55$1,133,430$863,690$794,713$1,151,015
56$1,212,871$869,842$785,167$1,215,286
57$1,299,275$875,155$774,161$1,284,921
58$1,393,317$879,554$761,611$1,360,449
59$1,495,739$882,956$747,429$1,442,453
60$1,607,357$885,274$731,521$1,531,573
61$1,729,071$886,416$713,791$1,628,518
62$1,861,870$886,283$694,136$1,734,066
63$2,006,841$884,772$672,450$1,849,078
64$2,165,184$881,770$648,622$1,974,500
65$2,338,218$877,162$622,536$2,111,376
66$2,527,395$870,822$594,069$2,260,859
67$2,734,314$862,617$563,096$2,424,217
68$2,960,737$852,408$529,482$2,602,849
69$3,208,601$840,045$493,089$2,798,298
70$3,480,043$825,372$453,772$3,012,264
71$3,777,413$808,221$411,379$3,246,622
72$4,103,301$788,415$365,752$3,503,438
73$4,460,557$765,768$316,725$3,784,990
74$4,852,324$740,080$264,125$4,093,790
75$5,282,059$711,142$207,771$4,432,605
76$5,753,574$678,733$147,476$4,804,489
77$6,271,065$642,617$83,043$5,212,806
78$6,839,154$602,546$14,266$5,661,264
79$7,462,935$558,258$0$6,153,952
80$8,148,016$509,474$0$6,704,212
81$8,900,577$455,902$0$7,311,026
82$9,727,425$397,230$0$7,977,773
83$10,636,060$333,132$0$8,710,529
84$11,634,743$263,261$0$9,515,985
85$12,732,578$187,251$0$10,401,520
86$13,939,590$104,716$0$11,375,261
87$15,266,829$15,247$0$12,446,166
88$16,726,466$0$0$13,624,107
89$18,331,913$0$0$14,930,736
90$20,097,944$0$0$16,370,314
91$22,040,841$0$0$17,954,104
92$24,178,539$0$0$19,696,732
93$26,530,803$0$0$21,614,314
94$29,119,408$0$0$23,724,607
95$31,968,349$0$0$26,047,178
96$35,104,063$0$0$28,603,586
97$38,555,680$0$0$31,417,584
98$42,355,299$0$0$34,515,347
99$46,538,287$0$0$37,925,717
100$51,143,617$0$0$41,680,474