Can I retire at age 51 with 734,000?

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 $734,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$60,613$60,073$59,546$59,032$58,530$57,703
2 years$30,006$29,448$28,906$28,381$27,872$27,040
3 years$19,806$19,244$18,704$18,184$17,683$16,872
4 years$14,706$14,147$13,612$13,100$12,612$11,829
5 years$11,647$11,091$10,563$10,062$9,587$8,834
6 years$9,609$9,057$8,537$8,047$7,586$6,864
7 years$8,153$7,606$7,094$6,616$6,169$5,478
8 years$7,062$6,520$6,016$5,550$5,118$4,457
9 years$6,214$5,676$5,182$4,727$4,310$3,680
10 years$5,536$5,004$4,518$4,075$3,672$3,072
11 years$4,981$4,454$3,977$3,546$3,158$2,588
12 years$4,519$3,998$3,530$3,111$2,737$2,195
13 years$4,129$3,613$3,154$2,746$2,387$1,873
14 years$3,794$3,284$2,834$2,438$2,092$1,606
15 years$3,505$3,000$2,558$2,174$1,842$1,382
16 years$3,252$2,753$2,319$1,947$1,628$1,194
17 years$3,029$2,535$2,111$1,749$1,444$1,034
18 years$2,831$2,342$1,927$1,576$1,284$897
19 years$2,654$2,171$1,764$1,424$1,144$781
20 years$2,495$2,017$1,619$1,290$1,022$680
21 years$2,351$1,879$1,489$1,171$914$594
22 years$2,220$1,754$1,372$1,064$820$519
23 years$2,101$1,641$1,267$969$736$454
24 years$1,992$1,537$1,172$884$661$398
25 years$1,892$1,442$1,085$807$595$348
26 years$1,800$1,356$1,007$738$536$306
27 years$1,715$1,276$935$676$483$268
28 years$1,636$1,202$869$619$436$236
29 years$1,563$1,134$809$568$394$207
30 years$1,494$1,071$753$521$356$182
31 years$1,430$1,013$702$479$322$160
32 years$1,370$958$655$440$291$141
33 years$1,314$907$612$404$263$124
34 years$1,262$860$572$372$238$109
35 years$1,212$816$534$343$216$96
36 years$1,166$774$500$316$196$85
37 years$1,122$735$468$291$177$74
38 years$1,080$699$438$268$161$66
39 years$1,041$664$410$247$146$58
40 years$1,003$632$385$228$132$51
41 years$968$602$361$210$120$45
42 years$934$573$338$194$109$40
43 years$903$546$318$179$99$35
44 years$872$521$298$165$90$31
45 years$843$496$280$153$81$27
46 years$815$473$263$141$74$24
47 years$789$452$247$130$67$21
48 years$764$431$232$120$61$19
49 years$740$412$218$111$55$16
50 years$717$393$205$103$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $734,000, adding $3,537 every year, while hoping to spend $28,355 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: 74/20/6 Blend
50$734,000$734,000$734,000$734,000
51$812,516$773,614$762,237$871,843
52$865,224$781,352$757,603$919,113
53$922,357$788,518$751,863$966,934
54$984,337$795,056$744,950$1,018,506
55$1,051,628$800,902$736,795$1,074,190
56$1,124,740$805,992$727,323$1,134,382
57$1,204,233$810,256$716,458$1,199,522
58$1,290,725$813,618$704,120$1,270,092
59$1,384,894$816,001$690,223$1,346,623
60$1,487,488$817,320$674,680$1,429,702
61$1,599,329$817,485$657,399$1,519,975
62$1,721,320$816,402$638,282$1,618,154
63$1,854,460$813,970$617,229$1,725,024
64$1,999,842$810,083$594,134$1,841,450
65$2,158,675$804,626$568,886$1,968,385
66$2,332,287$797,479$541,370$2,106,880
67$2,522,139$788,515$511,466$2,258,094
68$2,729,844$777,598$479,046$2,423,304
69$2,957,173$764,586$443,980$2,603,919
70$3,206,080$749,326$406,128$2,801,489
71$3,478,715$731,658$365,348$3,017,727
72$3,777,445$711,410$321,489$3,254,517
73$4,104,879$688,403$274,393$3,513,940
74$4,463,888$662,447$223,896$3,798,287
75$4,857,636$633,338$169,828$4,110,084
76$5,289,606$600,863$112,009$4,452,119
77$5,763,637$564,797$50,253$4,827,460
78$6,283,956$524,900$0$5,239,493
79$6,855,219$480,919$0$5,692,953
80$7,482,555$432,588$0$6,194,448
81$8,171,615$379,623$0$6,745,308
82$8,928,622$321,728$0$7,350,545
83$9,760,435$258,586$0$8,015,686
84$10,674,607$189,864$0$8,746,820
85$11,679,461$115,211$0$9,550,660
86$12,784,165$34,256$0$10,434,607
87$13,998,821$0$0$11,406,815
88$15,334,558$0$0$12,488,023
89$16,803,638$0$0$13,685,493
90$18,419,570$0$0$15,002,701
91$20,197,239$0$0$16,451,784
92$22,153,044$0$0$18,046,117
93$24,305,056$0$0$19,800,433
94$26,673,184$0$0$21,730,969
95$29,279,365$0$0$23,855,612
96$32,147,770$0$0$26,194,073
97$35,305,032$0$0$28,768,071
98$38,780,498$0$0$31,601,536
99$42,606,504$0$0$34,720,837
100$46,818,680$0$0$38,155,029