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%11.8%
1 years$60,613$60,073$59,546$59,032$58,530$58,088
2 years$30,006$29,448$28,906$28,381$27,872$27,426
3 years$19,806$19,244$18,704$18,184$17,683$17,248
4 years$14,706$14,147$13,612$13,100$12,612$12,190
5 years$11,647$11,091$10,563$10,062$9,587$9,180
6 years$9,609$9,057$8,537$8,047$7,586$7,194
7 years$8,153$7,606$7,094$6,616$6,169$5,793
8 years$7,062$6,520$6,016$5,550$5,118$4,757
9 years$6,214$5,676$5,182$4,727$4,310$3,965
10 years$5,536$5,004$4,518$4,075$3,672$3,342
11 years$4,981$4,454$3,977$3,546$3,158$2,843
12 years$4,519$3,998$3,530$3,111$2,737$2,436
13 years$4,129$3,613$3,154$2,746$2,387$2,100
14 years$3,794$3,284$2,834$2,438$2,092$1,820
15 years$3,505$3,000$2,558$2,174$1,842$1,583
16 years$3,252$2,753$2,319$1,947$1,628$1,383
17 years$3,029$2,535$2,111$1,749$1,444$1,211
18 years$2,831$2,342$1,927$1,576$1,284$1,063
19 years$2,654$2,171$1,764$1,424$1,144$936
20 years$2,495$2,017$1,619$1,290$1,022$825
21 years$2,351$1,879$1,489$1,171$914$729
22 years$2,220$1,754$1,372$1,064$820$645
23 years$2,101$1,641$1,267$969$736$571
24 years$1,992$1,537$1,172$884$661$506
25 years$1,892$1,442$1,085$807$595$449
26 years$1,800$1,356$1,007$738$536$399
27 years$1,715$1,276$935$676$483$355
28 years$1,636$1,202$869$619$436$316
29 years$1,563$1,134$809$568$394$281
30 years$1,494$1,071$753$521$356$250
31 years$1,430$1,013$702$479$322$223
32 years$1,370$958$655$440$291$199
33 years$1,314$907$612$404$263$177
34 years$1,262$860$572$372$238$158
35 years$1,212$816$534$343$216$141
36 years$1,166$774$500$316$196$126
37 years$1,122$735$468$291$177$112
38 years$1,080$699$438$268$161$100
39 years$1,041$664$410$247$146$90
40 years$1,003$632$385$228$132$80
41 years$968$602$361$210$120$72
42 years$934$573$338$194$109$64
43 years$903$546$318$179$99$57
44 years$872$521$298$165$90$51
45 years$843$496$280$153$81$46
46 years$815$473$263$141$74$41
47 years$789$452$247$130$67$36
48 years$764$431$232$120$61$33
49 years$740$412$218$111$55$29
50 years$717$393$205$103$50$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $734,000, adding $5,224 every year, while hoping to spend $31,111 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: 68/25/7 Blend
50$734,000$734,000$734,000$734,000
51$814,257$775,355$763,978$868,326
52$864,209$780,245$756,469$909,729
53$918,214$784,333$747,666$950,720
54$976,651$787,545$737,493$994,708
55$1,039,940$789,805$725,869$1,041,979
56$1,108,540$791,031$712,712$1,092,851
57$1,182,957$791,137$697,933$1,147,674
58$1,263,746$790,031$681,442$1,206,833
59$1,351,521$787,615$663,143$1,270,755
60$1,446,952$783,784$642,934$1,339,910
61$1,550,782$778,430$620,713$1,414,816
62$1,663,823$771,435$596,368$1,496,045
63$1,786,973$762,675$569,787$1,584,228
64$1,921,217$752,019$540,848$1,680,060
65$2,067,642$739,329$509,427$1,784,311
66$2,227,441$724,456$475,392$1,897,826
67$2,401,930$707,244$438,608$2,021,542
68$2,592,557$687,529$398,931$2,156,489
69$2,800,915$665,135$356,213$2,303,804
70$3,028,759$639,878$310,297$2,464,744
71$3,278,021$611,560$261,020$2,640,693
72$3,550,828$579,975$208,213$2,833,178
73$3,849,522$544,904$151,698$3,043,884
74$4,176,684$506,114$91,290$3,274,671
75$4,535,152$463,361$26,795$3,527,588
76$4,928,057$416,384$0$3,804,898
77$5,358,843$364,911$0$4,112,235
78$5,831,305$308,652$0$4,451,551
79$6,349,623$247,301$0$4,823,896
80$6,918,400$180,534$0$5,232,633
81$7,542,707$108,011$0$5,681,474
82$8,228,131$29,371$0$6,174,509
83$8,980,824$0$0$6,716,251
84$9,807,565$0$0$7,327,014
85$10,715,820$0$0$8,006,919
86$11,713,815$0$0$8,754,049
87$12,810,614$0$0$9,575,196
88$14,016,198$0$0$10,477,838
89$15,341,567$0$0$11,470,219
90$16,798,838$0$0$12,561,417
91$18,401,363$0$0$13,761,436
92$20,163,851$0$0$15,081,297
93$22,102,507$0$0$16,533,145
94$24,235,187$0$0$18,130,358
95$26,581,565$0$0$19,887,678
96$29,163,316$0$0$21,821,347
97$32,004,325$0$0$23,949,263
98$35,130,906$0$0$26,291,143
99$38,572,056$0$0$28,868,714
100$42,359,724$0$0$31,705,919