Can I retire at age 51 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$63,916$63,347$62,791$62,249$61,720$59,960
2 years$31,642$31,052$30,481$29,928$29,390$27,632
3 years$20,885$20,293$19,723$19,175$18,646$16,943
4 years$15,508$14,918$14,354$13,814$13,299$11,664
5 years$12,282$11,696$11,139$10,611$10,110$8,548
6 years$10,132$9,550$9,002$8,486$7,999$6,513
7 years$8,597$8,020$7,481$6,976$6,506$5,093
8 years$7,447$6,875$6,344$5,852$5,397$4,059
9 years$6,552$5,986$5,464$4,985$4,545$3,279
10 years$5,837$5,276$4,764$4,297$3,873$2,678
11 years$5,253$4,697$4,194$3,740$3,331$2,204
12 years$4,766$4,216$3,722$3,280$2,886$1,827
13 years$4,354$3,810$3,325$2,896$2,517$1,522
14 years$4,001$3,463$2,988$2,571$2,206$1,273
15 years$3,696$3,164$2,698$2,293$1,943$1,069
16 years$3,429$2,903$2,446$2,053$1,717$900
17 years$3,194$2,673$2,226$1,844$1,522$759
18 years$2,985$2,470$2,032$1,662$1,354$642
19 years$2,798$2,289$1,860$1,502$1,206$544
20 years$2,631$2,127$1,707$1,360$1,078$461
21 years$2,479$1,981$1,570$1,235$964$392
22 years$2,341$1,850$1,447$1,122$864$333
23 years$2,216$1,730$1,336$1,022$776$283
24 years$2,101$1,621$1,236$932$697$241
25 years$1,995$1,521$1,144$851$628$205
26 years$1,898$1,430$1,061$779$565$175
27 years$1,808$1,345$986$713$510$149
28 years$1,725$1,268$916$653$460$127
29 years$1,648$1,196$853$599$415$109
30 years$1,576$1,129$794$550$375$93
31 years$1,508$1,068$740$505$339$79
32 years$1,445$1,010$691$464$307$67
33 years$1,386$957$645$427$278$58
34 years$1,331$907$603$392$251$49
35 years$1,278$860$563$361$228$42
36 years$1,229$816$527$333$206$36
37 years$1,183$775$493$307$187$31
38 years$1,139$737$462$283$170$26
39 years$1,098$701$433$261$154$22
40 years$1,058$667$406$240$139$19
41 years$1,021$635$380$222$127$16
42 years$985$604$357$205$115$14
43 years$952$576$335$189$104$12
44 years$920$549$314$174$95$10
45 years$889$523$295$161$86$9
46 years$860$499$277$149$78$7
47 years$832$476$260$137$71$6
48 years$805$455$245$127$64$5
49 years$780$434$230$117$58$5
50 years$756$415$216$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $774,000, adding $2,052 every year, while hoping to spend $22,663 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: 68/27/5 Blend
50$774,000$774,000$774,000$774,000
51$855,065$814,043$802,046$912,580
52$918,168$829,817$804,801$966,688
53$986,948$845,606$806,889$1,022,872
54$1,061,961$861,384$808,263$1,083,690
55$1,143,816$877,127$808,876$1,149,588
56$1,233,187$892,809$808,675$1,221,060
57$1,330,814$908,398$807,608$1,298,651
58$1,437,512$923,865$805,617$1,382,958
59$1,554,179$939,174$802,646$1,474,643
60$1,681,801$954,290$798,631$1,574,432
61$1,821,468$969,173$793,508$1,683,125
62$1,974,377$983,781$787,209$1,801,605
63$2,141,846$998,070$779,663$1,930,844
64$2,325,329$1,011,990$770,797$2,071,913
65$2,526,425$1,025,490$760,531$2,225,993
66$2,746,896$1,038,515$748,785$2,394,383
67$2,988,683$1,051,005$735,472$2,578,517
68$3,253,922$1,062,898$720,504$2,779,973
69$3,544,969$1,074,126$703,787$3,000,493
70$3,864,415$1,084,618$685,223$3,241,994
71$4,215,117$1,094,296$664,710$3,506,589
72$4,600,221$1,103,079$642,141$3,796,608
73$5,023,194$1,110,880$617,403$4,114,617
74$5,487,853$1,117,606$590,379$4,463,445
75$5,998,405$1,123,160$560,947$4,846,211
76$6,559,483$1,127,435$528,979$5,266,349
77$7,176,191$1,130,321$494,342$5,727,649
78$7,854,155$1,131,699$456,895$6,234,282
79$8,599,570$1,131,443$416,492$6,790,849
80$9,419,262$1,129,420$372,980$7,402,420
81$10,320,753$1,125,488$326,201$8,074,583
82$11,312,329$1,119,495$275,988$8,813,495
83$12,403,119$1,111,284$222,166$9,625,945
84$13,603,184$1,100,683$164,555$10,519,414
85$14,923,606$1,087,514$102,965$11,502,145
86$16,376,597$1,071,585$37,198$12,583,227
87$17,975,613$1,052,696$0$13,772,674
88$19,735,480$1,030,633$0$15,083,286
89$21,672,533$1,005,168$0$16,527,699
90$23,804,773$976,062$0$18,117,349
91$26,152,033$943,063$0$19,867,025
92$28,736,168$905,900$0$21,793,030
93$31,581,258$864,290$0$23,913,327
94$34,713,838$817,932$0$26,247,715
95$38,163,147$766,508$0$28,818,016
96$41,961,403$709,682$0$31,648,276
97$46,144,108$647,098$0$34,764,999
98$50,750,382$578,382$0$38,197,394
99$55,823,333$503,134$0$41,977,652
100$61,410,462$420,937$0$46,141,248