Can I retire at age 51 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$63,834$63,265$62,710$62,169$61,640$61,073
2 years$31,601$31,012$30,442$29,889$29,352$28,781
3 years$20,858$20,267$19,698$19,150$18,622$18,064
4 years$15,488$14,898$14,335$13,797$13,282$12,741
5 years$12,266$11,680$11,125$10,597$10,096$9,575
6 years$10,119$9,538$8,990$8,475$7,989$7,488
7 years$8,586$8,010$7,471$6,967$6,497$6,016
8 years$7,437$6,866$6,336$5,845$5,390$4,929
9 years$6,544$5,978$5,457$4,978$4,539$4,098
10 years$5,830$5,269$4,758$4,291$3,868$3,447
11 years$5,246$4,691$4,189$3,735$3,326$2,925
12 years$4,759$4,210$3,717$3,276$2,882$2,500
13 years$4,348$3,805$3,321$2,892$2,514$2,150
14 years$3,996$3,459$2,984$2,567$2,203$1,858
15 years$3,691$3,160$2,694$2,290$1,940$1,612
16 years$3,425$2,899$2,443$2,050$1,715$1,404
17 years$3,190$2,670$2,223$1,842$1,520$1,226
18 years$2,981$2,467$2,029$1,660$1,352$1,073
19 years$2,795$2,286$1,858$1,500$1,205$942
20 years$2,627$2,125$1,705$1,359$1,076$828
21 years$2,476$1,979$1,568$1,233$963$729
22 years$2,338$1,847$1,445$1,121$863$643
23 years$2,213$1,728$1,334$1,021$775$568
24 years$2,098$1,619$1,234$931$697$502
25 years$1,993$1,519$1,143$850$627$444
26 years$1,896$1,428$1,060$778$565$393
27 years$1,806$1,344$984$712$509$349
28 years$1,723$1,266$915$652$459$309
29 years$1,646$1,194$852$598$415$274
30 years$1,573$1,128$793$549$375$243
31 years$1,506$1,066$739$504$339$216
32 years$1,443$1,009$690$463$306$192
33 years$1,384$956$644$426$277$171
34 years$1,329$906$602$392$251$152
35 years$1,277$859$563$361$227$135
36 years$1,228$815$526$332$206$120
37 years$1,181$774$493$306$187$107
38 years$1,138$736$461$282$169$95
39 years$1,096$700$432$260$154$85
40 years$1,057$666$405$240$139$75
41 years$1,020$634$380$221$126$67
42 years$984$604$356$204$115$60
43 years$950$575$334$189$104$53
44 years$918$548$314$174$94$47
45 years$888$523$295$161$86$42
46 years$859$499$277$149$78$38
47 years$831$476$260$137$71$33
48 years$804$454$244$127$64$30
49 years$779$434$230$117$58$27
50 years$755$414$216$108$53$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $773,000, adding $4,222 every year, while hoping to spend $39,116 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: 45/40/15 Blend
50$773,000$773,000$773,000$773,000
51$856,201$815,232$803,250$890,878
52$901,914$813,559$788,540$913,807
53$950,980$810,494$772,026$934,385
54$1,003,697$805,925$753,607$955,850
55$1,060,397$799,738$733,175$978,303
56$1,121,441$791,809$710,620$1,001,853
57$1,187,228$782,008$685,826$1,026,624
58$1,258,194$770,195$658,670$1,052,758
59$1,334,819$756,224$629,025$1,080,410
60$1,417,632$739,940$596,758$1,109,756
61$1,507,211$721,177$561,730$1,140,994
62$1,604,193$699,763$523,795$1,174,344
63$1,709,281$675,511$482,802$1,210,052
64$1,823,243$648,226$438,592$1,248,394
65$1,946,928$617,703$390,998$1,289,677
66$2,081,266$583,722$339,849$1,334,246
67$2,227,283$546,052$284,961$1,382,483
68$2,386,106$504,449$226,148$1,434,817
69$2,558,976$458,654$163,210$1,491,722
70$2,747,257$408,394$95,944$1,553,730
71$2,952,452$353,380$24,132$1,621,431
72$3,176,213$293,307$0$1,695,483
73$3,420,361$227,852$0$1,785,018
74$3,686,896$156,676$0$1,887,115
75$3,978,025$79,419$0$1,998,850
76$4,296,174$0$0$2,121,265
77$4,644,013$0$0$2,257,411
78$5,024,486$0$0$2,444,652
79$5,440,831$0$0$2,649,637
80$5,896,614$0$0$2,874,133
81$6,395,763$0$0$3,120,086
82$6,942,602$0$0$3,389,639
83$7,541,895$0$0$3,685,153
84$8,198,887$0$0$4,009,227
85$8,919,355$0$0$4,364,724
86$9,709,662$0$0$4,754,798
87$10,576,818$0$0$5,182,924
88$11,528,542$0$0$5,652,927
89$12,573,337$0$0$6,169,023
90$13,720,572$0$0$6,735,854
91$14,980,564$0$0$7,358,537
92$16,364,681$0$0$8,042,705
93$17,885,446$0$0$8,794,567
94$19,556,652$0$0$9,620,961
95$21,393,499$0$0$10,529,422
96$23,412,729$0$0$11,528,251
97$25,632,789$0$0$12,626,592
98$28,074,002$0$0$13,834,521
99$30,758,758$0$0$15,163,139
100$33,711,728$0$0$16,624,678