Can I retire at age 51 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$64,659$64,083$63,522$62,973$62,438$60,103
2 years$32,010$31,413$30,836$30,276$29,732$27,407
3 years$21,128$20,529$19,953$19,398$18,863$16,620
4 years$15,688$15,091$14,520$13,975$13,453$11,310
5 years$12,425$11,832$11,268$10,734$10,227$8,189
6 years$10,250$9,661$9,107$8,584$8,092$6,160
7 years$8,697$8,114$7,568$7,058$6,581$4,755
8 years$7,533$6,955$6,418$5,920$5,460$3,738
9 years$6,629$6,055$5,528$5,043$4,598$2,978
10 years$5,905$5,338$4,819$4,347$3,918$2,397
11 years$5,314$4,752$4,243$3,783$3,369$1,944
12 years$4,821$4,265$3,765$3,318$2,920$1,586
13 years$4,404$3,854$3,364$2,930$2,546$1,301
14 years$4,048$3,503$3,023$2,601$2,232$1,071
15 years$3,739$3,200$2,729$2,319$1,965$885
16 years$3,469$2,936$2,474$2,077$1,737$732
17 years$3,231$2,704$2,252$1,866$1,540$608
18 years$3,020$2,499$2,055$1,682$1,369$505
19 years$2,831$2,316$1,882$1,519$1,220$420
20 years$2,661$2,152$1,727$1,376$1,090$350
21 years$2,508$2,005$1,588$1,249$976$292
22 years$2,369$1,871$1,464$1,136$874$244
23 years$2,242$1,750$1,352$1,034$785$204
24 years$2,125$1,640$1,250$943$706$170
25 years$2,019$1,539$1,158$861$635$142
26 years$1,920$1,446$1,074$788$572$119
27 years$1,829$1,361$997$721$516$100
28 years$1,745$1,283$927$661$465$83
29 years$1,667$1,210$863$606$420$70
30 years$1,594$1,143$803$556$380$59
31 years$1,526$1,080$749$511$343$49
32 years$1,462$1,022$699$469$310$41
33 years$1,402$968$653$431$281$34
34 years$1,346$917$610$397$254$29
35 years$1,293$870$570$365$230$24
36 years$1,244$826$533$337$209$20
37 years$1,197$784$499$310$189$17
38 years$1,152$745$467$286$172$14
39 years$1,110$709$438$264$156$12
40 years$1,070$674$410$243$141$10
41 years$1,033$642$385$224$128$8
42 years$997$611$361$207$116$7
43 years$963$583$339$191$105$6
44 years$930$555$318$176$96$5
45 years$899$529$299$163$87$4
46 years$870$505$280$150$79$3
47 years$842$482$263$139$72$3
48 years$815$460$248$128$65$2
49 years$789$439$233$119$59$2
50 years$764$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $783,000, adding $3,156 every year, while hoping to spend $56,094 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: 85/9/6 Blend
50$783,000$783,000$783,000$783,000
51$866,121$824,622$812,486$939,228
52$894,782$805,345$780,021$968,102
53$924,486$783,244$744,588$991,817
54$955,281$758,120$706,029$1,016,080
55$987,217$729,764$664,177$1,040,908
56$1,020,346$697,956$618,861$1,066,320
57$1,054,727$662,461$569,898$1,092,335
58$1,090,418$623,032$517,099$1,118,975
59$1,127,486$579,405$460,267$1,146,264
60$1,165,999$531,305$399,195$1,174,229
61$1,206,031$478,439$333,668$1,202,896
62$1,247,660$420,497$263,460$1,232,298
63$1,290,973$357,152$188,337$1,262,469
64$1,336,058$288,059$108,053$1,293,445
65$1,383,015$212,853$22,351$1,325,269
66$1,431,947$131,148$0$1,357,986
67$1,482,969$42,537$0$1,396,070
68$1,536,201$0$0$1,436,967
69$1,591,775$0$0$1,484,615
70$1,649,832$0$0$1,538,795
71$1,710,525$0$0$1,595,438
72$1,774,020$0$0$1,654,699
73$1,840,495$0$0$1,716,746
74$1,910,145$0$0$1,781,759
75$1,983,180$0$0$1,849,935
76$2,059,828$0$0$1,921,488
77$2,140,336$0$0$1,996,650
78$2,224,974$0$0$2,075,672
79$2,314,034$0$0$2,158,828
80$2,407,835$0$0$2,246,416
81$2,506,723$0$0$2,338,761
82$2,611,077$0$0$2,436,216
83$2,721,307$0$0$2,539,167
84$2,837,864$0$0$2,648,035
85$2,961,238$0$0$2,763,278
86$3,091,963$0$0$2,885,398
87$3,230,627$0$0$3,014,942
88$3,377,867$0$0$3,152,510
89$3,534,384$0$0$3,298,756
90$3,700,943$0$0$3,454,397
91$3,878,382$0$0$3,620,217
92$4,067,618$0$0$3,797,075
93$4,269,655$0$0$3,985,912
94$4,485,595$0$0$4,187,759
95$4,716,645$0$0$4,403,745
96$4,964,127$0$0$4,635,110
97$5,229,494$0$0$4,883,214
98$5,514,338$0$0$5,149,546
99$5,820,406$0$0$5,435,744
100$6,149,616$0$0$5,743,605