Can I retire at age 51 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$64,412$63,838$63,278$62,732$62,198$60,111
2 years$31,887$31,293$30,718$30,160$29,618$27,536
3 years$21,047$20,450$19,876$19,323$18,791$16,779
4 years$15,628$15,033$14,465$13,921$13,402$11,476
5 years$12,377$11,786$11,225$10,693$10,188$8,353
6 years$10,211$9,624$9,072$8,551$8,061$6,318
7 years$8,664$8,082$7,539$7,031$6,556$4,905
8 years$7,505$6,928$6,393$5,898$5,439$3,879
9 years$6,603$6,032$5,507$5,024$4,580$3,109
10 years$5,882$5,317$4,801$4,330$3,903$2,518
11 years$5,293$4,734$4,227$3,769$3,356$2,056
12 years$4,803$4,249$3,751$3,306$2,909$1,689
13 years$4,388$3,839$3,351$2,918$2,536$1,395
14 years$4,032$3,490$3,011$2,591$2,223$1,156
15 years$3,725$3,188$2,719$2,310$1,958$962
16 years$3,456$2,925$2,465$2,069$1,730$802
17 years$3,219$2,694$2,243$1,859$1,534$670
18 years$3,008$2,489$2,047$1,675$1,364$561
19 years$2,820$2,307$1,874$1,514$1,216$471
20 years$2,651$2,144$1,720$1,371$1,086$395
21 years$2,498$1,997$1,582$1,244$972$332
22 years$2,359$1,864$1,458$1,131$871$280
23 years$2,233$1,743$1,346$1,030$782$235
24 years$2,117$1,633$1,245$940$703$198
25 years$2,011$1,533$1,153$858$632$167
26 years$1,913$1,441$1,070$785$570$141
27 years$1,822$1,356$993$718$514$119
28 years$1,738$1,278$923$658$463$100
29 years$1,660$1,205$859$603$418$85
30 years$1,588$1,138$800$554$378$72
31 years$1,520$1,076$746$509$342$60
32 years$1,456$1,018$696$467$309$51
33 years$1,397$964$650$430$280$43
34 years$1,341$914$607$395$253$36
35 years$1,288$867$568$364$229$31
36 years$1,239$823$531$335$208$26
37 years$1,192$781$497$309$188$22
38 years$1,148$743$466$285$171$19
39 years$1,106$706$436$263$155$16
40 years$1,066$672$409$242$141$13
41 years$1,029$639$383$223$127$11
42 years$993$609$360$206$116$9
43 years$959$580$337$190$105$8
44 years$927$553$317$176$95$7
45 years$896$527$297$162$87$6
46 years$867$503$279$150$79$5
47 years$839$480$262$139$71$4
48 years$812$458$247$128$65$3
49 years$786$438$232$118$59$3
50 years$762$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $780,000, adding $5,134 every year, while hoping to spend $46,547 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: 61/29/10 Blend
50$780,000$780,000$780,000$780,000
51$864,856$823,516$811,426$915,333
52$903,545$814,342$789,083$940,615
53$944,621$803,159$764,431$962,402
54$988,278$789,819$737,345$985,020
55$1,034,727$774,166$707,691$1,008,550
56$1,084,202$756,033$675,332$1,033,084
57$1,136,958$735,245$640,122$1,058,726
58$1,193,273$711,618$601,912$1,085,590
59$1,253,453$684,953$560,542$1,113,807
60$1,317,833$655,043$515,848$1,143,521
61$1,386,780$621,669$467,657$1,174,895
62$1,460,698$584,597$415,789$1,208,110
63$1,540,027$543,580$360,057$1,243,369
64$1,625,255$498,360$300,263$1,280,900
65$1,716,912$448,661$236,203$1,320,954
66$1,815,583$394,191$167,662$1,363,815
67$1,921,910$334,644$94,417$1,409,798
68$2,036,598$269,696$16,233$1,459,254
69$2,160,423$199,002$0$1,512,574
70$2,294,234$122,201$0$1,577,365
71$2,438,968$38,911$0$1,649,256
72$2,595,652$0$0$1,727,081
73$2,765,417$0$0$1,827,832
74$2,949,506$0$0$1,950,600
75$3,149,285$0$0$2,083,884
76$3,366,259$0$0$2,228,694
77$3,602,079$0$0$2,386,141
78$3,858,566$0$0$2,557,446
79$4,137,721$0$0$2,743,954
80$4,441,745$0$0$2,947,144
81$4,773,061$0$0$3,168,643
82$5,134,338$0$0$3,410,243
83$5,528,508$0$0$3,673,916
84$5,958,804$0$0$3,961,832
85$6,428,781$0$0$4,276,380
86$6,942,355$0$0$4,620,192
87$7,503,835$0$0$4,996,162
88$8,117,966$0$0$5,407,479
89$8,789,975$0$0$5,857,655
90$9,525,613$0$0$6,350,555
91$10,331,217$0$0$6,890,437
92$11,213,764$0$0$7,481,988
93$12,180,936$0$0$8,130,372
94$13,241,196$0$0$8,841,277
95$14,403,863$0$0$9,620,963
96$15,679,202$0$0$10,476,332
97$17,078,520$0$0$11,414,979
98$18,614,269$0$0$12,445,276
99$20,300,167$0$0$13,576,441
100$22,151,325$0$0$14,818,630