Can I retire at age 51 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$64,247$63,674$63,116$62,571$62,039$59,672
2 years$31,805$31,213$30,639$30,082$29,542$27,185
3 years$20,993$20,398$19,825$19,274$18,743$16,470
4 years$15,588$14,995$14,428$13,886$13,368$11,196
5 years$12,346$11,756$11,197$10,666$10,162$8,098
6 years$10,185$9,600$9,048$8,529$8,041$6,085
7 years$8,642$8,062$7,519$7,012$6,539$4,692
8 years$7,485$6,910$6,377$5,883$5,425$3,684
9 years$6,586$6,017$5,492$5,011$4,569$2,931
10 years$5,867$5,303$4,788$4,319$3,893$2,356
11 years$5,280$4,721$4,216$3,759$3,348$1,909
12 years$4,790$4,238$3,741$3,297$2,901$1,556
13 years$4,376$3,830$3,343$2,911$2,530$1,274
14 years$4,022$3,481$3,003$2,584$2,218$1,047
15 years$3,715$3,180$2,712$2,304$1,953$864
16 years$3,447$2,918$2,458$2,063$1,726$714
17 years$3,210$2,687$2,237$1,854$1,530$592
18 years$3,000$2,483$2,042$1,671$1,361$491
19 years$2,813$2,301$1,870$1,510$1,213$408
20 years$2,644$2,138$1,716$1,367$1,083$340
21 years$2,492$1,992$1,578$1,241$969$283
22 years$2,353$1,859$1,455$1,128$869$236
23 years$2,227$1,739$1,343$1,028$780$197
24 years$2,112$1,629$1,242$937$701$164
25 years$2,006$1,529$1,150$856$631$137
26 years$1,908$1,437$1,067$783$568$114
27 years$1,818$1,352$991$716$512$96
28 years$1,734$1,274$921$656$462$80
29 years$1,656$1,202$857$602$417$67
30 years$1,584$1,135$798$552$377$56
31 years$1,516$1,073$744$507$341$47
32 years$1,453$1,016$694$466$308$39
33 years$1,393$962$648$429$279$33
34 years$1,338$911$606$394$253$27
35 years$1,285$865$566$363$229$23
36 years$1,236$821$530$334$207$19
37 years$1,189$779$496$308$188$16
38 years$1,145$741$464$284$170$13
39 years$1,103$704$435$262$155$11
40 years$1,064$670$408$242$140$9
41 years$1,026$638$382$223$127$8
42 years$991$607$359$206$115$7
43 years$957$579$337$190$105$5
44 years$924$552$316$175$95$5
45 years$894$526$297$162$86$4
46 years$864$502$279$150$78$3
47 years$836$479$262$138$71$3
48 years$810$457$246$128$65$2
49 years$784$437$231$118$59$2
50 years$760$417$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $778,000, adding $6,164 every year, while hoping to spend $50,974 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: 54/39/7 Blend
50$778,000$778,000$778,000$778,000
51$863,714$822,480$810,421$908,607
52$897,577$808,546$783,334$925,736
53$933,186$792,220$753,632$938,228
54$970,664$773,332$721,172$950,590
55$1,010,147$751,701$685,807$962,817
56$1,051,783$727,135$647,382$974,907
57$1,095,731$699,431$605,736$986,861
58$1,142,167$668,375$560,699$998,683
59$1,191,282$633,739$512,096$1,010,382
60$1,243,284$595,283$459,742$1,021,970
61$1,298,400$552,754$403,445$1,033,464
62$1,356,880$505,881$343,004$1,044,888
63$1,418,995$454,383$278,208$1,056,274
64$1,485,043$397,958$208,838$1,067,659
65$1,555,349$336,289$134,666$1,079,091
66$1,630,269$269,042$55,452$1,090,628
67$1,710,194$195,863$0$1,102,340
68$1,795,551$116,377$0$1,116,481
69$1,886,808$30,191$0$1,135,538
70$1,984,479$0$0$1,155,500
71$2,089,126$0$0$1,203,608
72$2,201,368$0$0$1,269,154
73$2,321,882$0$0$1,339,583
74$2,451,411$0$0$1,415,337
75$2,590,772$0$0$1,496,899
76$2,740,862$0$0$1,584,803
77$2,902,664$0$0$1,679,632
78$3,077,261$0$0$1,782,029
79$3,265,840$0$0$1,892,699
80$3,469,707$0$0$2,012,418
81$3,690,297$0$0$2,142,038
82$3,929,188$0$0$2,282,497
83$4,188,114$0$0$2,434,824
84$4,468,982$0$0$2,600,154
85$4,773,889$0$0$2,779,732
86$5,105,143$0$0$2,974,929
87$5,465,281$0$0$3,187,254
88$5,857,094$0$0$3,418,366
89$6,283,654$0$0$3,670,091
90$6,748,341$0$0$3,944,438
91$7,254,875$0$0$4,243,618
92$7,807,348$0$0$4,570,065
93$8,410,267$0$0$4,926,458
94$9,068,590$0$0$5,315,745
95$9,787,778$0$0$5,741,175
96$10,573,839$0$0$6,206,319
97$11,433,392$0$0$6,715,114
98$12,373,721$0$0$7,271,892
99$13,402,848$0$0$7,881,424
100$14,529,607$0$0$8,548,964