Can I retire at age 51 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$64,825$64,247$63,684$63,134$62,597$62,124
2 years$32,091$31,494$30,914$30,353$29,808$29,332
3 years$21,182$20,581$20,004$19,447$18,911$18,446
4 years$15,728$15,130$14,558$14,011$13,488$13,037
5 years$12,457$11,862$11,297$10,762$10,253$9,818
6 years$10,276$9,686$9,130$8,606$8,113$7,694
7 years$8,720$8,134$7,587$7,076$6,598$6,196
8 years$7,553$6,973$6,434$5,936$5,474$5,088
9 years$6,646$6,071$5,542$5,056$4,610$4,240
10 years$5,920$5,351$4,832$4,358$3,928$3,574
11 years$5,327$4,764$4,254$3,793$3,378$3,041
12 years$4,833$4,276$3,775$3,327$2,927$2,606
13 years$4,416$3,864$3,373$2,937$2,553$2,246
14 years$4,058$3,512$3,030$2,607$2,238$1,946
15 years$3,749$3,209$2,736$2,325$1,970$1,693
16 years$3,478$2,944$2,481$2,082$1,741$1,479
17 years$3,239$2,711$2,257$1,871$1,544$1,295
18 years$3,027$2,505$2,061$1,686$1,373$1,137
19 years$2,838$2,322$1,886$1,523$1,224$1,001
20 years$2,668$2,158$1,731$1,380$1,093$882
21 years$2,514$2,010$1,592$1,252$978$779
22 years$2,375$1,876$1,468$1,138$877$689
23 years$2,247$1,755$1,355$1,037$787$611
24 years$2,131$1,644$1,253$946$707$541
25 years$2,024$1,543$1,161$864$636$480
26 years$1,925$1,450$1,077$790$573$427
27 years$1,834$1,365$1,000$723$517$379
28 years$1,750$1,286$929$662$466$338
29 years$1,671$1,213$865$607$421$300
30 years$1,598$1,146$806$557$381$268
31 years$1,530$1,083$751$512$344$238
32 years$1,466$1,025$701$470$311$213
33 years$1,406$970$654$433$282$190
34 years$1,350$920$611$398$255$169
35 years$1,297$872$571$366$231$151
36 years$1,247$828$535$337$209$135
37 years$1,200$786$500$311$190$120
38 years$1,155$747$469$287$172$107
39 years$1,113$711$439$264$156$96
40 years$1,073$676$411$244$141$86
41 years$1,035$644$386$225$128$76
42 years$999$613$362$208$116$68
43 years$965$584$340$192$106$61
44 years$933$557$319$177$96$55
45 years$902$531$299$163$87$49
46 years$872$506$281$151$79$44
47 years$844$483$264$139$72$39
48 years$817$461$248$129$65$35
49 years$791$441$233$119$59$31
50 years$766$421$219$110$54$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $785,000, adding $6,665 every year, while hoping to spend $55,272 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: 41/32/27 Blend
50$785,000$785,000$785,000$785,000
51$871,945$830,340$818,172$900,540
52$902,074$812,218$786,772$903,679
53$933,424$791,355$752,468$901,391
54$966,061$767,559$715,103$897,850
55$1,000,056$740,626$674,516$892,974
56$1,035,486$710,340$630,535$886,678
57$1,072,432$676,473$582,985$878,874
58$1,110,983$638,784$531,678$869,467
59$1,151,235$597,016$476,421$858,362
60$1,193,291$550,900$417,011$845,459
61$1,237,263$500,150$353,237$830,653
62$1,283,271$444,464$284,878$813,835
63$1,331,445$383,524$211,702$794,894
64$1,381,928$316,992$133,470$773,713
65$1,434,872$244,512$49,928$750,171
66$1,490,445$165,709$0$724,145
67$1,548,826$80,184$0$706,807
68$1,610,212$0$0$702,810
69$1,674,816$0$0$702,096
70$1,742,872$0$0$731,125
71$1,814,632$0$0$761,773
72$1,890,372$0$0$794,163
73$1,970,393$0$0$828,430
74$2,055,023$0$0$864,720
75$2,144,620$0$0$903,192
76$2,239,576$0$0$944,023
77$2,340,317$0$0$987,402
78$2,447,312$0$0$1,033,539
79$2,561,071$0$0$1,082,664
80$2,682,154$0$0$1,135,025
81$2,811,172$0$0$1,190,898
82$2,948,797$0$0$1,250,584
83$3,095,763$0$0$1,314,411
84$3,252,873$0$0$1,382,741
85$3,421,012$0$0$1,455,969
86$3,601,145$0$0$1,534,531
87$3,794,335$0$0$1,618,903
88$4,001,745$0$0$1,709,608
89$4,224,653$0$0$1,807,221
90$4,464,461$0$0$1,912,372
91$4,722,710$0$0$2,025,755
92$5,001,091$0$0$2,148,129
93$5,301,462$0$0$2,280,331
94$5,625,864$0$0$2,423,281
95$5,976,540$0$0$2,577,987
96$6,355,956$0$0$2,745,561
97$6,766,820$0$0$2,927,223
98$7,212,113$0$0$3,124,316
99$7,695,112$0$0$3,338,315
100$8,219,418$0$0$3,570,844