Can I retire at age 51 with 734,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$60,613$60,073$59,546$59,032$58,530$56,252
2 years$30,006$29,448$28,906$28,381$27,872$25,604
3 years$19,806$19,244$18,704$18,184$17,683$15,497
4 years$14,706$14,147$13,612$13,100$12,612$10,525
5 years$11,647$11,091$10,563$10,062$9,587$7,604
6 years$9,609$9,057$8,537$8,047$7,586$5,708
7 years$8,153$7,606$7,094$6,616$6,169$4,396
8 years$7,062$6,520$6,016$5,550$5,118$3,447
9 years$6,214$5,676$5,182$4,727$4,310$2,740
10 years$5,536$5,004$4,518$4,075$3,672$2,199
11 years$4,981$4,454$3,977$3,546$3,158$1,779
12 years$4,519$3,998$3,530$3,111$2,737$1,448
13 years$4,129$3,613$3,154$2,746$2,387$1,184
14 years$3,794$3,284$2,834$2,438$2,092$972
15 years$3,505$3,000$2,558$2,174$1,842$801
16 years$3,252$2,753$2,319$1,947$1,628$661
17 years$3,029$2,535$2,111$1,749$1,444$547
18 years$2,831$2,342$1,927$1,576$1,284$453
19 years$2,654$2,171$1,764$1,424$1,144$376
20 years$2,495$2,017$1,619$1,290$1,022$312
21 years$2,351$1,879$1,489$1,171$914$260
22 years$2,220$1,754$1,372$1,064$820$216
23 years$2,101$1,641$1,267$969$736$180
24 years$1,992$1,537$1,172$884$661$150
25 years$1,892$1,442$1,085$807$595$125
26 years$1,800$1,356$1,007$738$536$104
27 years$1,715$1,276$935$676$483$87
28 years$1,636$1,202$869$619$436$73
29 years$1,563$1,134$809$568$394$61
30 years$1,494$1,071$753$521$356$51
31 years$1,430$1,013$702$479$322$42
32 years$1,370$958$655$440$291$35
33 years$1,314$907$612$404$263$29
34 years$1,262$860$572$372$238$25
35 years$1,212$816$534$343$216$21
36 years$1,166$774$500$316$196$17
37 years$1,122$735$468$291$177$14
38 years$1,080$699$438$268$161$12
39 years$1,041$664$410$247$146$10
40 years$1,003$632$385$228$132$8
41 years$968$602$361$210$120$7
42 years$934$573$338$194$109$6
43 years$903$546$318$179$99$5
44 years$872$521$298$165$90$4
45 years$843$496$280$153$81$3
46 years$815$473$263$141$74$3
47 years$789$452$247$130$67$2
48 years$764$431$232$120$61$2
49 years$740$412$218$111$55$2
50 years$717$393$205$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $734,000, adding $2,893 every year, while hoping to spend $40,890 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: 62/24/14 Blend
50$734,000$734,000$734,000$734,000
51$811,852$772,950$761,573$859,242
52$851,154$767,318$743,579$885,778
53$893,095$760,040$723,612$909,821
54$937,900$750,991$701,562$935,078
55$985,817$740,040$677,316$961,668
56$1,037,117$727,049$650,753$989,724
57$1,092,099$711,870$621,749$1,019,395
58$1,151,088$694,347$590,172$1,050,846
59$1,214,444$674,315$555,888$1,084,261
60$1,282,558$651,598$518,752$1,119,843
61$1,355,865$626,011$478,615$1,157,820
62$1,434,837$597,360$435,322$1,198,444
63$1,519,995$565,435$388,710$1,241,994
64$1,611,911$530,019$338,609$1,288,783
65$1,711,215$490,878$284,842$1,339,157
66$1,818,597$447,769$227,222$1,393,497
67$1,934,816$400,432$165,556$1,452,231
68$2,060,707$348,593$99,642$1,515,831
69$2,197,188$291,963$29,269$1,584,821
70$2,345,269$230,236$0$1,659,780
71$2,506,058$163,090$0$1,748,201
72$2,680,777$90,183$0$1,849,060
73$2,870,770$11,155$0$1,958,809
74$3,077,513$0$0$2,078,361
75$3,302,633$0$0$2,228,367
76$3,547,918$0$0$2,395,069
77$3,815,337$0$0$2,576,867
78$4,107,057$0$0$2,775,240
79$4,425,464$0$0$2,991,815
80$4,773,181$0$0$3,228,387
81$5,153,100$0$0$3,486,928
82$5,568,402$0$0$3,769,612
83$6,022,589$0$0$4,078,830
84$6,519,520$0$0$4,417,217
85$7,063,440$0$0$4,787,674
86$7,659,026$0$0$5,193,394
87$8,311,428$0$0$5,637,895
88$9,026,317$0$0$6,125,051
89$9,809,939$0$0$6,659,127
90$10,669,174$0$0$7,244,823
91$11,611,596$0$0$7,887,313
92$12,645,553$0$0$8,592,298
93$13,780,234$0$0$9,366,057
94$15,025,765$0$0$10,215,505
95$16,393,298$0$0$11,148,262
96$17,895,120$0$0$12,172,719
97$19,544,763$0$0$13,298,122
98$21,357,136$0$0$14,534,655
99$23,348,664$0$0$15,893,539
100$25,537,440$0$0$17,387,133