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%12.5%
1 years$60,613$60,073$59,546$59,032$58,530$57,919
2 years$30,006$29,448$28,906$28,381$27,872$27,256
3 years$19,806$19,244$18,704$18,184$17,683$17,082
4 years$14,706$14,147$13,612$13,100$12,612$12,030
5 years$11,647$11,091$10,563$10,062$9,587$9,027
6 years$9,609$9,057$8,537$8,047$7,586$7,048
7 years$8,153$7,606$7,094$6,616$6,169$5,653
8 years$7,062$6,520$6,016$5,550$5,118$4,624
9 years$6,214$5,676$5,182$4,727$4,310$3,838
10 years$5,536$5,004$4,518$4,075$3,672$3,222
11 years$4,981$4,454$3,977$3,546$3,158$2,729
12 years$4,519$3,998$3,530$3,111$2,737$2,328
13 years$4,129$3,613$3,154$2,746$2,387$1,998
14 years$3,794$3,284$2,834$2,438$2,092$1,723
15 years$3,505$3,000$2,558$2,174$1,842$1,492
16 years$3,252$2,753$2,319$1,947$1,628$1,297
17 years$3,029$2,535$2,111$1,749$1,444$1,130
18 years$2,831$2,342$1,927$1,576$1,284$987
19 years$2,654$2,171$1,764$1,424$1,144$865
20 years$2,495$2,017$1,619$1,290$1,022$758
21 years$2,351$1,879$1,489$1,171$914$666
22 years$2,220$1,754$1,372$1,064$820$586
23 years$2,101$1,641$1,267$969$736$517
24 years$1,992$1,537$1,172$884$661$456
25 years$1,892$1,442$1,085$807$595$402
26 years$1,800$1,356$1,007$738$536$355
27 years$1,715$1,276$935$676$483$314
28 years$1,636$1,202$869$619$436$278
29 years$1,563$1,134$809$568$394$246
30 years$1,494$1,071$753$521$356$218
31 years$1,430$1,013$702$479$322$193
32 years$1,370$958$655$440$291$171
33 years$1,314$907$612$404$263$152
34 years$1,262$860$572$372$238$134
35 years$1,212$816$534$343$216$119
36 years$1,166$774$500$316$196$106
37 years$1,122$735$468$291$177$94
38 years$1,080$699$438$268$161$83
39 years$1,041$664$410$247$146$74
40 years$1,003$632$385$228$132$66
41 years$968$602$361$210$120$58
42 years$934$573$338$194$109$52
43 years$903$546$318$179$99$46
44 years$872$521$298$165$90$41
45 years$843$496$280$153$81$36
46 years$815$473$263$141$74$32
47 years$789$452$247$130$67$29
48 years$764$431$232$120$61$25
49 years$740$412$218$111$55$23
50 years$717$393$205$103$50$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $734,000, adding $3,465 every year, while hoping to spend $32,146 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: 76/16/8 Blend
50$734,000$734,000$734,000$734,000
51$812,442$773,540$762,163$872,969
52$861,108$777,241$753,493$916,957
53$913,661$780,045$743,454$960,707
54$970,462$781,875$731,968$1,007,735
55$1,031,911$782,649$718,951$1,058,354
56$1,098,446$782,278$704,315$1,112,909
57$1,170,547$780,669$687,969$1,171,781
58$1,248,744$777,724$669,818$1,235,389
59$1,333,620$773,336$649,760$1,304,193
60$1,425,814$767,395$627,692$1,378,704
61$1,526,031$759,781$603,505$1,459,482
62$1,635,047$750,371$577,082$1,547,146
63$1,753,712$739,030$548,305$1,642,377
64$1,882,967$725,618$517,049$1,745,928
65$2,023,842$709,985$483,182$1,858,628
66$2,177,473$691,975$446,569$1,981,389
67$2,345,112$671,418$407,066$2,115,220
68$2,528,135$648,139$364,524$2,261,232
69$2,728,056$621,949$318,787$2,420,649
70$2,946,544$592,650$269,692$2,594,821
71$3,185,435$560,034$217,070$2,785,237
72$3,446,750$523,876$160,743$2,993,539
73$3,732,716$483,944$100,525$3,221,537
74$4,045,784$439,988$36,224$3,471,226
75$4,388,654$391,747$0$3,744,806
76$4,764,298$338,944$0$4,047,469
77$5,175,989$281,285$0$4,382,603
78$5,627,333$218,462$0$4,750,082
79$6,122,302$150,147$0$5,153,174
80$6,665,268$75,995$0$5,595,487
81$7,261,049$0$0$6,080,993
82$7,914,952$0$0$6,614,839
83$8,632,820$0$0$7,215,625
84$9,421,093$0$0$7,875,361
85$10,286,864$0$0$8,599,989
86$11,237,945$0$0$9,396,052
87$12,282,944$0$0$10,270,756
88$13,431,342$0$0$11,232,045
89$14,693,587$0$0$12,288,665
90$16,081,186$0$0$13,450,256
91$17,606,819$0$0$14,727,435
92$19,284,455$0$0$16,131,902
93$21,129,485$0$0$17,676,547
94$23,158,866$0$0$19,375,569
95$25,391,280$0$0$21,244,617
96$27,847,312$0$0$23,300,928
97$30,549,642$0$0$25,563,498
98$33,523,259$0$0$28,053,256
99$36,795,699$0$0$30,793,260
100$40,397,299$0$0$33,808,920