Can I retire at age 51 with 788,000?

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 $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%14.3%
1 years$65,072$64,493$63,927$63,375$62,836$61,719
2 years$32,214$31,614$31,033$30,469$29,922$28,800
3 years$21,263$20,660$20,080$19,522$18,984$17,892
4 years$15,788$15,187$14,613$14,064$13,539$12,487
5 years$12,504$11,907$11,340$10,803$10,292$9,282
6 years$10,316$9,723$9,165$8,639$8,144$7,176
7 years$8,753$8,165$7,616$7,103$6,623$5,699
8 years$7,582$6,999$6,459$5,958$5,495$4,613
9 years$6,671$6,094$5,563$5,075$4,627$3,788
10 years$5,943$5,372$4,850$4,375$3,943$3,145
11 years$5,348$4,782$4,270$3,807$3,391$2,634
12 years$4,852$4,292$3,789$3,340$2,938$2,222
13 years$4,433$3,879$3,386$2,948$2,562$1,885
14 years$4,074$3,526$3,042$2,617$2,246$1,606
15 years$3,763$3,221$2,746$2,334$1,978$1,374
16 years$3,491$2,955$2,490$2,090$1,748$1,179
17 years$3,252$2,721$2,266$1,878$1,550$1,014
18 years$3,039$2,515$2,068$1,692$1,378$875
19 years$2,849$2,331$1,894$1,529$1,228$756
20 years$2,678$2,166$1,738$1,385$1,097$654
21 years$2,524$2,017$1,598$1,257$982$567
22 years$2,384$1,883$1,473$1,143$880$492
23 years$2,256$1,761$1,360$1,041$790$428
24 years$2,139$1,650$1,258$949$710$372
25 years$2,032$1,549$1,165$867$639$324
26 years$1,933$1,455$1,081$793$576$282
27 years$1,841$1,370$1,003$726$519$246
28 years$1,756$1,291$933$665$468$214
29 years$1,677$1,218$868$610$423$187
30 years$1,604$1,150$809$559$382$163
31 years$1,535$1,087$754$514$345$142
32 years$1,471$1,029$703$472$312$124
33 years$1,411$974$657$434$283$109
34 years$1,355$923$614$400$256$95
35 years$1,302$876$574$368$232$83
36 years$1,252$831$537$339$210$72
37 years$1,204$789$502$312$190$63
38 years$1,160$750$470$288$173$55
39 years$1,117$713$441$265$157$48
40 years$1,077$679$413$245$142$42
41 years$1,039$646$387$226$129$37
42 years$1,003$615$363$208$117$32
43 years$969$586$341$192$106$28
44 years$936$559$320$178$96$25
45 years$905$533$300$164$87$22
46 years$875$508$282$151$79$19
47 years$847$485$265$140$72$17
48 years$820$463$249$129$65$14
49 years$794$442$234$119$59$13
50 years$769$422$220$110$54$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $788,000, adding $5,447 every year, while hoping to spend $59,706 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: 50/25/25 Blend
50$788,000$788,000$788,000$788,000
51$873,995$832,231$820,017$911,293
52$899,615$809,483$783,960$915,081
53$925,848$783,620$744,695$912,751
54$952,693$754,425$702,051$909,015
55$980,146$721,671$655,848$903,768
56$1,008,204$685,116$605,902$896,893
57$1,036,858$644,504$552,017$888,271
58$1,066,098$599,565$493,990$877,771
59$1,095,910$550,014$431,609$865,258
60$1,126,277$495,548$364,652$850,585
61$1,157,177$435,850$292,887$833,596
62$1,188,583$370,580$216,072$814,126
63$1,220,463$299,384$133,956$792,000
64$1,252,781$221,884$46,274$767,029
65$1,285,492$137,684$0$739,015
66$1,318,545$46,362$0$720,362
67$1,351,879$0$0$712,220
68$1,385,428$0$0$716,521
69$1,419,111$0$0$733,605
70$1,452,840$0$0$750,667
71$1,486,513$0$0$767,650
72$1,520,012$0$0$784,489
73$1,553,208$0$0$801,109
74$1,585,951$0$0$817,427
75$1,618,075$0$0$833,350
76$1,649,392$0$0$848,772
77$1,679,691$0$0$863,575
78$1,708,735$0$0$877,628
79$1,736,260$0$0$890,781
80$1,761,969$0$0$902,871
81$1,785,532$0$0$913,713
82$1,806,580$0$0$923,102
83$1,824,700$0$0$930,808
84$1,839,435$0$0$936,577
85$1,850,274$0$0$940,125
86$1,856,650$0$0$941,138
87$1,857,932$0$0$939,265
88$1,853,420$0$0$934,119
89$1,842,336$0$0$925,268
90$1,823,818$0$0$912,233
91$1,796,908$0$0$894,486
92$1,760,545$0$0$871,439
93$1,713,554$0$0$842,440
94$1,654,634$0$0$806,771
95$1,582,342$0$0$763,632
96$1,495,083$0$0$712,143
97$1,391,090$0$0$651,326
98$1,268,411$0$0$580,102
99$1,124,885$0$0$497,278
100$958,122$0$0$401,532