Can I retire at age 51 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$60,943$60,400$59,871$59,354$58,849$56,649
2 years$30,170$29,608$29,064$28,536$28,023$25,832
3 years$19,914$19,349$18,806$18,283$17,779$15,665
4 years$14,786$14,224$13,686$13,172$12,680$10,660
5 years$11,711$11,152$10,621$10,117$9,639$7,718
6 years$9,661$9,106$8,583$8,091$7,627$5,806
7 years$8,198$7,647$7,133$6,652$6,203$4,482
8 years$7,100$6,555$6,049$5,580$5,146$3,523
9 years$6,248$5,707$5,210$4,753$4,334$2,807
10 years$5,566$5,031$4,542$4,097$3,693$2,259
11 years$5,008$4,479$3,999$3,566$3,176$1,832
12 years$4,544$4,020$3,549$3,128$2,752$1,495
13 years$4,151$3,633$3,171$2,761$2,400$1,226
14 years$3,815$3,302$2,849$2,451$2,104$1,010
15 years$3,524$3,016$2,572$2,186$1,852$834
16 years$3,270$2,768$2,332$1,957$1,637$690
17 years$3,045$2,549$2,122$1,759$1,451$573
18 years$2,846$2,355$1,937$1,585$1,291$476
19 years$2,668$2,183$1,773$1,432$1,150$396
20 years$2,508$2,028$1,628$1,297$1,027$330
21 years$2,364$1,889$1,497$1,177$919$275
22 years$2,232$1,764$1,380$1,070$824$230
23 years$2,113$1,649$1,274$975$740$192
24 years$2,003$1,545$1,178$889$665$161
25 years$1,903$1,450$1,091$812$598$134
26 years$1,810$1,363$1,012$742$539$112
27 years$1,724$1,283$940$679$486$94
28 years$1,645$1,209$874$623$438$79
29 years$1,571$1,140$813$571$396$66
30 years$1,502$1,077$757$524$358$55
31 years$1,438$1,018$706$481$323$46
32 years$1,378$963$659$442$293$39
33 years$1,322$912$615$407$265$32
34 years$1,269$865$575$374$240$27
35 years$1,219$820$537$344$217$23
36 years$1,172$778$503$317$197$19
37 years$1,128$739$470$292$178$16
38 years$1,086$703$441$269$162$13
39 years$1,046$668$413$248$147$11
40 years$1,009$636$387$229$133$9
41 years$973$605$363$211$121$8
42 years$940$576$340$195$109$7
43 years$907$549$319$180$99$6
44 years$877$523$300$166$90$5
45 years$848$499$281$154$82$4
46 years$820$476$264$142$74$3
47 years$793$454$248$131$67$3
48 years$768$434$233$121$61$2
49 years$744$414$219$112$56$2
50 years$721$396$206$103$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $738,000, adding $6,769 every year, while hoping to spend $56,990 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: 71/22/7 Blend
50$738,000$738,000$738,000$738,000
51$820,258$781,144$769,705$877,146
52$843,288$758,783$734,853$893,267
53$866,756$733,417$696,924$903,195
54$890,648$704,837$655,754$912,483
55$914,944$672,824$611,172$921,054
56$939,623$637,147$563,000$928,823
57$964,656$597,559$511,053$935,701
58$990,013$553,801$455,134$941,587
59$1,015,655$505,598$395,042$946,375
60$1,041,539$452,660$330,564$949,948
61$1,067,615$394,679$261,477$952,182
62$1,093,827$331,333$187,551$952,939
63$1,120,107$262,278$108,544$952,071
64$1,146,381$187,153$24,203$949,420
65$1,172,564$105,576$0$944,810
66$1,198,559$17,142$0$942,968
67$1,224,257$0$0$941,024
68$1,249,534$0$0$955,990
69$1,274,253$0$0$974,648
70$1,298,257$0$0$992,725
71$1,321,371$0$0$1,010,083
72$1,343,399$0$0$1,026,570
73$1,364,123$0$0$1,042,012
74$1,383,297$0$0$1,056,217
75$1,400,647$0$0$1,068,970
76$1,415,870$0$0$1,080,032
77$1,428,624$0$0$1,089,137
78$1,438,532$0$0$1,095,987
79$1,445,173$0$0$1,100,251
80$1,448,078$0$0$1,101,564
81$1,446,727$0$0$1,099,517
82$1,440,544$0$0$1,093,658
83$1,428,887$0$0$1,083,483
84$1,411,045$0$0$1,068,436
85$1,386,230$0$0$1,047,899
86$1,353,568$0$0$1,021,188
87$1,312,093$0$0$987,543
88$1,260,731$0$0$946,127
89$1,198,297$0$0$896,007
90$1,123,477$0$0$836,158
91$1,034,819$0$0$765,439
92$930,715$0$0$682,593
93$809,388$0$0$586,227
94$668,873$0$0$474,804
95$507,000$0$0$346,622
96$321,367$0$0$199,802
97$109,323$0$0$32,268
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0