Can I retire at age 51 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$64,742$64,165$63,603$63,053$62,517$60,686
2 years$32,050$31,454$30,875$30,314$29,770$27,940
3 years$21,155$20,555$19,978$19,423$18,887$17,116
4 years$15,708$15,110$14,539$13,993$13,471$11,771
5 years$12,441$11,847$11,283$10,748$10,240$8,618
6 years$10,263$9,674$9,118$8,595$8,103$6,558
7 years$8,709$8,124$7,577$7,067$6,590$5,123
8 years$7,543$6,964$6,426$5,928$5,467$4,078
9 years$6,637$6,063$5,535$5,049$4,604$3,291
10 years$5,913$5,344$4,825$4,353$3,923$2,684
11 years$5,320$4,758$4,248$3,788$3,374$2,206
12 years$4,827$4,270$3,770$3,323$2,924$1,826
13 years$4,410$3,859$3,368$2,933$2,549$1,519
14 years$4,053$3,508$3,027$2,604$2,235$1,269
15 years$3,744$3,204$2,733$2,322$1,968$1,064
16 years$3,473$2,940$2,477$2,079$1,739$894
17 years$3,235$2,708$2,254$1,868$1,542$754
18 years$3,024$2,502$2,058$1,684$1,371$636
19 years$2,835$2,319$1,884$1,521$1,222$538
20 years$2,665$2,155$1,729$1,378$1,092$456
21 years$2,511$2,007$1,590$1,250$977$386
22 years$2,372$1,874$1,466$1,137$876$328
23 years$2,244$1,752$1,353$1,035$786$278
24 years$2,128$1,642$1,252$944$706$237
25 years$2,021$1,541$1,159$862$636$201
26 years$1,923$1,448$1,075$789$573$171
27 years$1,832$1,363$998$722$516$146
28 years$1,747$1,284$928$661$466$124
29 years$1,669$1,211$864$606$421$106
30 years$1,596$1,144$805$557$380$90
31 years$1,528$1,082$750$511$344$77
32 years$1,464$1,023$700$470$311$65
33 years$1,404$969$653$432$281$56
34 years$1,348$919$610$397$255$48
35 years$1,295$871$571$366$231$41
36 years$1,245$827$534$337$209$35
37 years$1,198$785$500$311$189$29
38 years$1,154$746$468$286$172$25
39 years$1,112$710$438$264$156$21
40 years$1,072$675$411$243$141$18
41 years$1,034$643$385$225$128$16
42 years$998$612$361$207$116$13
43 years$964$583$339$191$106$11
44 years$932$556$318$177$96$10
45 years$901$530$299$163$87$8
46 years$871$506$281$151$79$7
47 years$843$483$264$139$72$6
48 years$816$461$248$129$65$5
49 years$790$440$233$119$59$4
50 years$765$420$219$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $784,000, adding $6,948 every year, while hoping to spend $30,544 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: 71/24/5 Blend
50$784,000$784,000$784,000$784,000
51$871,135$829,583$817,431$932,075
52$927,492$837,734$812,316$981,363
53$988,574$845,261$806,007$1,030,811
54$1,054,830$852,100$798,430$1,084,073
55$1,126,755$858,185$789,509$1,141,513
56$1,204,894$863,446$779,167$1,203,536
57$1,289,843$867,805$767,319$1,270,587
58$1,382,261$871,182$753,879$1,343,155
59$1,482,874$873,491$738,756$1,421,782
60$1,592,477$874,642$721,854$1,507,063
61$1,711,947$874,537$703,073$1,599,655
62$1,842,250$873,074$682,311$1,700,281
63$1,984,448$870,143$659,457$1,809,741
64$2,139,710$865,628$634,397$1,928,913
65$2,309,324$859,407$607,013$2,058,769
66$2,494,706$851,350$577,179$2,200,377
67$2,697,417$841,317$544,765$2,354,916
68$2,919,174$829,162$509,636$2,523,688
69$3,161,869$814,730$471,648$2,708,126
70$3,427,585$797,857$430,653$2,909,810
71$3,718,614$778,368$386,496$3,130,482
72$4,037,484$756,078$339,014$3,372,065
73$4,386,974$730,793$288,038$3,636,677
74$4,770,149$702,306$233,390$3,926,653
75$5,190,382$670,397$174,887$4,244,569
76$5,651,390$634,835$112,335$4,593,265
77$6,157,266$595,376$45,532$4,975,871
78$6,712,518$551,761$0$5,395,839
79$7,322,113$503,715$0$5,858,350
80$7,991,522$450,951$0$6,368,905
81$8,726,771$393,161$0$6,929,713
82$9,534,499$330,023$0$7,545,886
83$10,422,020$261,196$0$8,223,061
84$11,397,390$186,319$0$8,967,450
85$12,469,486$105,011$0$9,785,904
86$13,648,087$16,870$0$10,685,972
87$14,943,967$0$0$11,675,978
88$16,368,996$0$0$12,785,834
89$17,936,251$0$0$14,011,405
90$19,660,141$0$0$15,359,509
91$21,556,541$0$0$16,842,567
92$23,642,942$0$0$18,474,263
93$25,938,617$0$0$20,269,674
94$28,464,800$0$0$22,245,416
95$31,244,888$0$0$24,419,792
96$34,304,659$0$0$26,812,974
97$37,672,521$0$0$29,447,184
98$41,379,771$0$0$32,346,911
99$45,460,897$0$0$35,539,138
100$49,953,900$0$0$39,053,597