Can I retire at age 51 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$62,843$62,283$61,737$61,204$60,683$59,580
2 years$31,110$30,531$29,969$29,425$28,897$27,789
3 years$20,534$19,952$19,392$18,853$18,333$17,256
4 years$15,247$14,667$14,112$13,582$13,075$12,037
5 years$12,076$11,499$10,952$10,433$9,940$8,942
6 years$9,962$9,390$8,851$8,343$7,865$6,910
7 years$8,453$7,886$7,355$6,859$6,396$5,484
8 years$7,322$6,759$6,238$5,754$5,306$4,437
9 years$6,442$5,885$5,372$4,901$4,469$3,641
10 years$5,739$5,188$4,684$4,225$3,808$3,022
11 years$5,164$4,618$4,124$3,677$3,275$2,529
12 years$4,686$4,145$3,660$3,225$2,838$2,132
13 years$4,281$3,746$3,270$2,847$2,475$1,807
14 years$3,934$3,405$2,938$2,528$2,169$1,539
15 years$3,634$3,110$2,652$2,254$1,910$1,315
16 years$3,372$2,854$2,405$2,018$1,688$1,128
17 years$3,140$2,628$2,188$1,813$1,497$970
18 years$2,935$2,429$1,998$1,634$1,331$836
19 years$2,751$2,251$1,829$1,477$1,186$722
20 years$2,586$2,092$1,678$1,337$1,060$624
21 years$2,437$1,948$1,544$1,214$948$541
22 years$2,302$1,819$1,423$1,104$850$469
23 years$2,179$1,701$1,314$1,005$763$407
24 years$2,066$1,594$1,215$917$686$354
25 years$1,962$1,496$1,125$837$617$308
26 years$1,866$1,406$1,044$765$556$268
27 years$1,778$1,323$969$701$501$233
28 years$1,696$1,246$901$642$452$203
29 years$1,620$1,176$838$589$408$177
30 years$1,549$1,111$781$540$369$154
31 years$1,483$1,050$728$496$334$135
32 years$1,421$993$679$456$302$117
33 years$1,363$941$634$419$273$102
34 years$1,308$892$593$386$247$89
35 years$1,257$846$554$355$224$78
36 years$1,209$803$518$327$203$68
37 years$1,163$762$485$301$184$60
38 years$1,120$724$454$278$167$52
39 years$1,079$689$426$256$151$45
40 years$1,040$655$399$236$137$40
41 years$1,004$624$374$218$124$35
42 years$969$594$351$201$113$30
43 years$936$566$329$186$102$26
44 years$904$540$309$171$93$23
45 years$874$515$290$158$84$20
46 years$845$491$273$146$77$18
47 years$818$468$256$135$70$15
48 years$792$447$241$125$63$13
49 years$767$427$226$115$57$12
50 years$743$408$213$107$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $761,000, adding $4,305 every year, while hoping to spend $23,832 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: 62/9/29 Blend
50$761,000$761,000$761,000$761,000
51$843,063$802,730$790,934$888,511
52$903,698$816,706$792,073$933,906
53$969,719$830,569$792,452$980,498
54$1,041,651$844,287$792,019$1,030,874
55$1,120,070$857,828$790,722$1,085,408
56$1,205,611$871,155$788,505$1,144,515
57$1,298,973$884,231$785,310$1,208,650
58$1,400,925$897,015$781,075$1,278,318
59$1,512,314$909,464$775,735$1,354,073
60$1,634,072$921,530$769,225$1,436,527
61$1,767,226$933,163$761,472$1,526,357
62$1,912,905$944,311$752,404$1,624,308
63$2,072,355$954,916$741,943$1,731,201
64$2,246,946$964,917$730,009$1,847,942
65$2,438,185$974,249$716,515$1,975,531
66$2,647,736$982,843$701,374$2,115,070
67$2,877,427$990,625$684,493$2,267,775
68$3,129,276$997,516$665,774$2,434,987
69$3,405,501$1,003,433$645,116$2,618,183
70$3,708,547$1,008,287$622,413$2,818,995
71$4,041,109$1,011,983$597,554$3,039,221
72$4,406,152$1,014,420$570,422$3,280,842
73$4,806,944$1,015,491$540,895$3,546,046
74$5,247,085$1,015,082$508,848$3,837,243
75$5,730,540$1,013,074$474,146$4,157,090
76$6,261,677$1,009,337$436,653$4,508,521
77$6,845,309$1,003,735$396,221$4,894,765
78$7,486,737$996,124$352,701$5,319,386
79$8,191,801$986,352$305,934$5,786,313
80$8,966,937$974,255$255,755$6,299,878
81$9,819,233$959,662$201,991$6,864,857
82$10,756,500$942,391$144,463$7,486,514
83$11,787,343$922,248$82,983$8,170,656
84$12,921,243$899,029$17,353$8,923,681
85$14,168,646$872,517$0$9,752,645
86$15,541,061$842,484$0$10,681,629
87$17,051,170$808,686$0$11,709,695
88$18,712,944$770,867$0$12,840,990
89$20,541,780$728,755$0$14,086,006
90$22,554,642$682,064$0$15,456,305
91$24,770,219$630,489$0$16,964,630
92$27,209,108$573,709$0$18,625,020
93$29,894,002$511,386$0$20,452,949
94$32,849,906$443,160$0$22,465,467
95$36,104,374$368,652$0$24,681,362
96$39,687,767$287,463$0$27,121,340
97$43,633,539$199,169$0$29,808,219
98$47,978,555$103,323$0$32,767,142
99$52,763,436$0$0$36,025,818
100$58,032,944$0$0$39,614,837