Can I retire at age 51 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$60,530$59,991$59,465$58,952$58,450$57,014
2 years$29,966$29,407$28,867$28,342$27,834$26,396
3 years$19,779$19,218$18,679$18,159$17,659$16,264
4 years$14,686$14,127$13,593$13,083$12,594$11,253
5 years$11,631$11,076$10,549$10,049$9,574$8,290
6 years$9,596$9,044$8,525$8,036$7,576$6,351
7 years$8,142$7,595$7,084$6,607$6,161$4,995
8 years$7,052$6,511$6,008$5,542$5,111$4,004
9 years$6,205$5,669$5,175$4,721$4,304$3,255
10 years$5,528$4,997$4,512$4,069$3,667$2,674
11 years$4,974$4,448$3,972$3,542$3,154$2,216
12 years$4,513$3,993$3,525$3,106$2,733$1,848
13 years$4,123$3,608$3,149$2,743$2,384$1,550
14 years$3,789$3,280$2,830$2,435$2,089$1,306
15 years$3,500$2,996$2,555$2,171$1,840$1,104
16 years$3,247$2,749$2,316$1,944$1,626$936
17 years$3,025$2,532$2,108$1,747$1,442$795
18 years$2,827$2,339$1,924$1,574$1,282$678
19 years$2,650$2,168$1,761$1,422$1,143$578
20 years$2,491$2,015$1,617$1,288$1,021$494
21 years$2,348$1,877$1,487$1,169$913$423
22 years$2,217$1,752$1,370$1,063$819$362
23 years$2,098$1,638$1,265$968$735$311
24 years$1,990$1,535$1,170$883$660$266
25 years$1,890$1,441$1,084$806$594$229
26 years$1,798$1,354$1,005$737$535$197
27 years$1,713$1,274$933$675$483$169
28 years$1,634$1,201$868$618$436$145
29 years$1,560$1,133$808$567$393$125
30 years$1,492$1,070$752$520$355$108
31 years$1,428$1,011$701$478$321$93
32 years$1,369$957$654$439$291$80
33 years$1,313$906$611$404$263$69
34 years$1,260$859$571$372$238$59
35 years$1,211$815$534$342$216$51
36 years$1,164$773$499$315$195$44
37 years$1,120$734$467$290$177$38
38 years$1,079$698$438$268$161$33
39 years$1,039$664$410$247$146$28
40 years$1,002$631$384$228$132$24
41 years$967$601$360$210$120$21
42 years$933$572$338$194$109$18
43 years$901$545$317$179$99$15
44 years$871$520$298$165$90$13
45 years$842$496$280$153$81$11
46 years$814$473$263$141$74$10
47 years$788$451$247$130$67$9
48 years$763$431$232$120$61$7
49 years$739$411$218$111$55$6
50 years$716$393$205$103$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $733,000, adding $2,821 every year, while hoping to spend $46,615 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: 34/36/30 Blend
50$733,000$733,000$733,000$733,000
51$810,676$771,827$760,465$830,818
52$843,767$760,048$736,343$834,564
53$878,671$746,130$709,850$834,269
54$915,523$729,919$680,858$833,066
55$954,472$711,251$649,233$830,908
56$995,680$689,953$614,833$827,746
57$1,039,321$665,843$577,513$823,532
58$1,085,590$638,728$537,117$818,217
59$1,134,697$608,401$493,487$811,754
60$1,186,871$574,648$446,454$804,094
61$1,242,364$537,239$395,843$795,192
62$1,301,453$495,931$341,471$785,003
63$1,364,438$450,468$283,147$773,483
64$1,431,650$400,580$220,672$760,593
65$1,503,451$345,982$153,837$746,296
66$1,580,237$286,369$82,425$730,559
67$1,662,444$221,424$6,208$713,354
68$1,750,548$150,808$0$694,659
69$1,845,073$74,167$0$698,507
70$1,946,592$0$0$704,528
71$2,055,735$0$0$714,334
72$2,173,195$0$0$756,583
73$2,299,731$0$0$802,177
74$2,436,177$0$0$851,426
75$2,583,449$0$0$904,673
76$2,742,555$0$0$962,293
77$2,914,601$0$0$1,024,699
78$3,100,803$0$0$1,092,344
79$3,302,499$0$0$1,165,727
80$3,521,157$0$0$1,245,397
81$3,758,396$0$0$1,331,957
82$4,015,993$0$0$1,426,072
83$4,295,903$0$0$1,528,472
84$4,600,278$0$0$1,639,960
85$4,931,485$0$0$1,761,421
86$5,292,126$0$0$1,893,827
87$5,685,068$0$0$2,038,250
88$6,113,465$0$0$2,195,869
89$6,580,786$0$0$2,367,982
90$7,090,853$0$0$2,556,015
91$7,647,869$0$0$2,761,543
92$8,256,463$0$0$2,986,297
93$8,921,733$0$0$3,232,182
94$9,649,288$0$0$3,501,298
95$10,445,306$0$0$3,795,956
96$11,316,589$0$0$4,118,701
97$12,270,628$0$0$4,472,337
98$13,315,671$0$0$4,859,949
99$14,460,801$0$0$5,284,937
100$15,716,023$0$0$5,751,047