Can I retire at age 51 with 770,000?

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 $770,000?

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$63,586$63,019$62,467$61,928$61,401$60,309
2 years$31,478$30,892$30,324$29,773$29,239$28,142
3 years$20,777$20,188$19,621$19,076$18,550$17,484
4 years$15,427$14,840$14,279$13,743$13,230$12,202
5 years$12,219$11,635$11,081$10,556$10,057$9,070
6 years$10,080$9,501$8,955$8,442$7,958$7,012
7 years$8,553$7,979$7,442$6,940$6,472$5,569
8 years$7,408$6,839$6,311$5,822$5,369$4,508
9 years$6,519$5,955$5,436$4,959$4,522$3,702
10 years$5,807$5,249$4,739$4,275$3,853$3,074
11 years$5,225$4,673$4,172$3,720$3,313$2,574
12 years$4,741$4,194$3,703$3,263$2,871$2,171
13 years$4,331$3,790$3,308$2,881$2,504$1,841
14 years$3,981$3,445$2,972$2,557$2,195$1,569
15 years$3,677$3,147$2,684$2,281$1,933$1,342
16 years$3,411$2,888$2,433$2,042$1,708$1,152
17 years$3,177$2,659$2,214$1,835$1,514$991
18 years$2,970$2,457$2,021$1,654$1,347$855
19 years$2,784$2,277$1,850$1,494$1,200$739
20 years$2,617$2,116$1,698$1,353$1,072$640
21 years$2,466$1,971$1,562$1,228$959$554
22 years$2,329$1,840$1,440$1,117$860$481
23 years$2,204$1,721$1,329$1,017$772$418
24 years$2,090$1,612$1,229$928$694$364
25 years$1,985$1,513$1,139$847$624$316
26 years$1,888$1,422$1,056$775$562$276
27 years$1,799$1,338$981$709$507$240
28 years$1,716$1,261$912$650$457$209
29 years$1,639$1,190$848$596$413$183
30 years$1,567$1,124$790$547$373$159
31 years$1,500$1,062$737$502$337$139
32 years$1,438$1,005$687$461$305$121
33 years$1,379$952$642$424$276$106
34 years$1,324$902$600$390$250$93
35 years$1,272$856$561$359$227$81
36 years$1,223$812$524$331$205$71
37 years$1,177$771$491$305$186$62
38 years$1,133$733$460$281$169$54
39 years$1,092$697$431$259$153$47
40 years$1,053$663$404$239$139$41
41 years$1,016$631$378$221$126$36
42 years$980$601$355$204$114$32
43 years$947$573$333$188$104$28
44 years$915$546$313$173$94$24
45 years$884$521$294$160$85$21
46 years$855$497$276$148$78$18
47 years$828$474$259$137$70$16
48 years$801$453$243$126$64$14
49 years$776$432$229$117$58$12
50 years$752$413$215$108$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $770,000, adding $2,827 every year, while hoping to spend $29,594 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: 35/35/30 Blend
50$770,000$770,000$770,000$770,000
51$851,456$810,646$798,711$873,492
52$906,817$818,880$793,980$898,565
53$966,832$826,525$788,099$922,759
54$1,031,947$833,522$780,997$948,305
55$1,102,647$839,807$772,603$975,345
56$1,179,470$845,311$762,838$1,004,038
57$1,263,007$849,961$751,624$1,034,559
58$1,353,906$853,682$738,875$1,067,105
59$1,452,882$856,390$724,505$1,101,893
60$1,560,721$857,998$708,421$1,139,168
61$1,678,288$858,414$690,527$1,179,199
62$1,806,536$857,539$670,723$1,222,285
63$1,946,513$855,268$648,902$1,268,760
64$2,099,372$851,491$624,955$1,318,994
65$2,266,384$846,091$598,767$1,373,399
66$2,448,947$838,941$570,218$1,432,429
67$2,648,600$829,909$539,180$1,496,593
68$2,867,039$818,856$505,524$1,566,450
69$3,106,128$805,632$469,111$1,642,625
70$3,367,925$790,079$429,797$1,725,806
71$3,654,691$772,031$387,434$1,816,760
72$3,968,920$751,310$341,863$1,916,333
73$4,313,355$727,730$292,921$2,025,466
74$4,691,021$701,092$240,437$2,145,199
75$5,105,246$671,187$184,232$2,276,683
76$5,559,698$637,792$124,121$2,421,194
77$6,058,416$600,672$59,908$2,580,143
78$6,605,849$559,580$0$2,755,092
79$7,206,900$514,253$0$2,950,530
80$7,866,965$464,414$0$3,186,252
81$8,591,994$409,769$0$3,445,249
82$9,388,538$350,007$0$3,729,932
83$10,263,814$284,803$0$4,042,965
84$11,225,774$213,810$0$4,387,286
85$12,283,178$136,662$0$4,766,141
86$13,445,678$52,973$0$5,183,108
87$14,723,905$0$0$5,642,140
88$16,129,574$0$0$6,162,100
89$17,675,593$0$0$6,756,539
90$19,376,180$0$0$7,410,536
91$21,247,004$0$0$8,130,133
92$23,305,328$0$0$8,921,986
93$25,570,171$0$0$9,793,429
94$28,062,491$0$0$10,752,544
95$30,805,379$0$0$11,808,234
96$33,824,277$0$0$12,970,311
97$37,147,220$0$0$14,249,585
98$40,805,099$0$0$15,657,969
99$44,831,951$0$0$17,208,588
100$49,265,281$0$0$18,915,906