Can I retire at age 51 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$60,861$60,319$59,790$59,274$58,769$58,448
2 years$30,129$29,568$29,024$28,497$27,985$27,661
3 years$19,887$19,323$18,781$18,258$17,755$17,438
4 years$14,766$14,204$13,667$13,154$12,663$12,356
5 years$11,695$11,136$10,606$10,104$9,626$9,329
6 years$9,648$9,094$8,572$8,080$7,617$7,331
7 years$8,187$7,637$7,123$6,643$6,195$5,919
8 years$7,091$6,546$6,041$5,573$5,139$4,875
9 years$6,239$5,700$5,203$4,747$4,328$4,075
10 years$5,558$5,024$4,536$4,092$3,688$3,445
11 years$5,001$4,473$3,994$3,561$3,171$2,940
12 years$4,538$4,014$3,544$3,123$2,748$2,527
13 years$4,146$3,628$3,166$2,758$2,397$2,186
14 years$3,810$3,298$2,845$2,448$2,101$1,900
15 years$3,519$3,012$2,569$2,183$1,850$1,659
16 years$3,265$2,764$2,329$1,955$1,635$1,453
17 years$3,041$2,545$2,119$1,756$1,449$1,277
18 years$2,842$2,352$1,935$1,583$1,289$1,125
19 years$2,665$2,180$1,771$1,430$1,149$994
20 years$2,505$2,026$1,625$1,295$1,026$880
21 years$2,360$1,887$1,495$1,176$918$780
22 years$2,229$1,761$1,378$1,069$823$692
23 years$2,110$1,647$1,272$973$739$615
24 years$2,001$1,543$1,177$888$664$548
25 years$1,900$1,448$1,090$811$598$488
26 years$1,808$1,361$1,011$741$538$435
27 years$1,722$1,281$939$679$485$388
28 years$1,643$1,207$872$622$438$347
29 years$1,569$1,139$812$570$395$310
30 years$1,500$1,075$756$523$357$277
31 years$1,436$1,017$705$481$323$248
32 years$1,376$962$658$442$292$222
33 years$1,320$911$614$406$264$199
34 years$1,267$863$574$374$239$178
35 years$1,217$819$537$344$217$160
36 years$1,171$777$502$317$196$143
37 years$1,126$738$470$292$178$128
38 years$1,085$702$440$269$161$115
39 years$1,045$667$412$248$146$103
40 years$1,008$635$386$229$133$92
41 years$972$604$362$211$120$83
42 years$938$575$340$195$109$74
43 years$906$548$319$180$99$67
44 years$876$523$299$166$90$60
45 years$847$498$281$153$82$54
46 years$819$475$264$142$74$48
47 years$792$454$248$131$67$43
48 years$767$433$233$121$61$39
49 years$743$414$219$112$56$35
50 years$720$395$206$103$50$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $737,000, adding $4,836 every year, while hoping to spend $53,069 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: 54/23/23 Blend
50$737,000$737,000$737,000$737,000
51$817,162$778,101$766,678$855,883
52$844,048$759,763$735,897$864,692
53$871,897$738,748$702,305$868,341
54$900,752$714,868$665,754$871,198
55$930,658$687,926$626,086$873,205
56$961,663$657,712$583,137$874,301
57$993,816$624,003$536,736$874,421
58$1,027,171$586,566$486,703$873,498
59$1,061,787$545,152$432,852$871,463
60$1,097,723$499,498$374,987$868,242
61$1,135,046$449,328$312,903$863,759
62$1,173,824$394,349$246,389$857,934
63$1,214,132$334,250$175,221$850,683
64$1,256,050$268,704$99,167$841,920
65$1,299,662$197,366$17,985$831,555
66$1,345,062$119,871$0$819,494
67$1,392,346$35,833$0$822,488
68$1,441,621$0$0$829,395
69$1,493,001$0$0$849,718
70$1,546,607$0$0$880,398
71$1,602,574$0$0$912,444
72$1,661,042$0$0$945,939
73$1,722,168$0$0$980,974
74$1,786,116$0$0$1,017,647
75$1,853,068$0$0$1,056,064
76$1,923,220$0$0$1,096,340
77$1,996,783$0$0$1,138,600
78$2,073,987$0$0$1,182,979
79$2,155,082$0$0$1,229,624
80$2,240,340$0$0$1,278,695
81$2,330,055$0$0$1,330,367
82$2,424,550$0$0$1,384,828
83$2,524,172$0$0$1,442,285
84$2,629,305$0$0$1,502,964
85$2,740,362$0$0$1,567,109
86$2,857,797$0$0$1,634,988
87$2,982,106$0$0$1,706,894
88$3,113,827$0$0$1,783,146
89$3,253,552$0$0$1,864,094
90$3,401,925$0$0$1,950,119
91$3,559,652$0$0$2,041,639
92$3,727,506$0$0$2,139,111
93$3,906,331$0$0$2,243,036
94$4,097,052$0$0$2,353,962
95$4,300,684$0$0$2,472,490
96$4,518,337$0$0$2,599,278
97$4,751,228$0$0$2,735,048
98$5,000,693$0$0$2,880,591
99$5,268,196$0$0$3,036,777
100$5,555,343$0$0$3,204,559