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%18.2%
1 years$60,861$60,319$59,790$59,274$58,769$56,820
2 years$30,129$29,568$29,024$28,497$27,985$26,040
3 years$19,887$19,323$18,781$18,258$17,755$15,875
4 years$14,766$14,204$13,667$13,154$12,663$10,863
5 years$11,695$11,136$10,606$10,104$9,626$7,911
6 years$9,648$9,094$8,572$8,080$7,617$5,988
7 years$8,187$7,637$7,123$6,643$6,195$4,651
8 years$7,091$6,546$6,041$5,573$5,139$3,680
9 years$6,239$5,700$5,203$4,747$4,328$2,952
10 years$5,558$5,024$4,536$4,092$3,688$2,392
11 years$5,001$4,473$3,994$3,561$3,171$1,954
12 years$4,538$4,014$3,544$3,123$2,748$1,606
13 years$4,146$3,628$3,166$2,758$2,397$1,327
14 years$3,810$3,298$2,845$2,448$2,101$1,101
15 years$3,519$3,012$2,569$2,183$1,850$917
16 years$3,265$2,764$2,329$1,955$1,635$765
17 years$3,041$2,545$2,119$1,756$1,449$640
18 years$2,842$2,352$1,935$1,583$1,289$536
19 years$2,665$2,180$1,771$1,430$1,149$450
20 years$2,505$2,026$1,625$1,295$1,026$378
21 years$2,360$1,887$1,495$1,176$918$318
22 years$2,229$1,761$1,378$1,069$823$268
23 years$2,110$1,647$1,272$973$739$226
24 years$2,001$1,543$1,177$888$664$190
25 years$1,900$1,448$1,090$811$598$161
26 years$1,808$1,361$1,011$741$538$136
27 years$1,722$1,281$939$679$485$114
28 years$1,643$1,207$872$622$438$97
29 years$1,569$1,139$812$570$395$82
30 years$1,500$1,075$756$523$357$69
31 years$1,436$1,017$705$481$323$58
32 years$1,376$962$658$442$292$49
33 years$1,320$911$614$406$264$42
34 years$1,267$863$574$374$239$35
35 years$1,217$819$537$344$217$30
36 years$1,171$777$502$317$196$25
37 years$1,126$738$470$292$178$21
38 years$1,085$702$440$269$161$18
39 years$1,045$667$412$248$146$15
40 years$1,008$635$386$229$133$13
41 years$972$604$362$211$120$11
42 years$938$575$340$195$109$9
43 years$906$548$319$180$99$8
44 years$876$523$299$166$90$7
45 years$847$498$281$153$82$6
46 years$819$475$264$142$74$5
47 years$792$454$248$131$67$4
48 years$767$433$233$121$61$3
49 years$743$414$219$112$56$3
50 years$720$395$206$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $737,000, adding $3,924 every year, while hoping to spend $31,397 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: 52/19/29 Blend
50$737,000$737,000$737,000$737,000
51$816,222$777,161$765,737$851,835
52$866,070$781,835$757,983$881,707
53$919,951$785,687$748,917$910,709
54$978,242$788,642$738,462$941,645
55$1,041,359$790,621$726,537$974,715
56$1,109,759$791,543$713,057$1,010,138
57$1,183,945$791,319$697,935$1,048,158
58$1,264,469$789,855$681,077$1,089,046
59$1,351,938$787,052$662,387$1,133,101
60$1,447,023$782,804$641,764$1,180,654
61$1,550,457$777,000$619,101$1,232,074
62$1,663,050$769,520$594,288$1,287,767
63$1,785,693$760,238$567,208$1,348,184
64$1,919,366$749,021$537,741$1,413,823
65$2,065,146$735,728$505,761$1,485,236
66$2,224,221$720,209$471,134$1,563,035
67$2,397,897$702,305$433,723$1,647,894
68$2,587,613$681,848$393,382$1,740,562
69$2,794,951$658,660$349,962$1,841,864
70$3,021,655$632,554$303,305$1,952,716
71$3,269,644$603,329$253,245$2,074,127
72$3,541,030$570,775$199,612$2,207,216
73$3,838,142$534,669$142,225$2,353,218
74$4,163,540$494,775$80,898$2,513,498
75$4,520,047$450,845$15,434$2,689,564
76$4,910,770$402,615$0$2,883,085
77$5,339,132$349,807$0$3,112,743
78$5,808,902$292,126$0$3,369,924
79$6,324,232$229,261$0$3,652,162
80$6,889,694$160,886$0$3,962,013
81$7,510,325$86,652$0$4,302,293
82$8,191,674$6,194$0$4,676,109
83$8,939,853$0$0$5,086,884
84$9,761,594$0$0$5,555,304
85$10,664,313$0$0$6,071,386
86$11,656,181$0$0$6,638,516
87$12,746,200$0$0$7,261,851
88$13,944,284$0$0$7,947,071
89$15,261,359$0$0$8,700,435
90$16,709,461$0$0$9,528,840
91$18,301,850$0$0$10,439,882
92$20,053,135$0$0$11,441,933
93$21,979,412$0$0$12,544,213
94$24,098,417$0$0$13,756,886
95$26,429,690$0$0$15,091,145
96$28,994,758$0$0$16,559,327
97$31,817,346$0$0$18,175,024
98$34,923,588$0$0$19,953,211
99$38,342,284$0$0$21,910,390
100$42,105,167$0$0$24,064,742