Can I retire at age 51 with 738,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.7%
1 years$60,943$60,400$59,871$59,354$58,849$58,186
2 years$30,170$29,608$29,064$28,536$28,023$27,356
3 years$19,914$19,349$18,806$18,283$17,779$17,128
4 years$14,786$14,224$13,686$13,172$12,680$12,050
5 years$11,711$11,152$10,621$10,117$9,639$9,033
6 years$9,661$9,106$8,583$8,091$7,627$7,044
7 years$8,198$7,647$7,133$6,652$6,203$5,644
8 years$7,100$6,555$6,049$5,580$5,146$4,611
9 years$6,248$5,707$5,210$4,753$4,334$3,823
10 years$5,566$5,031$4,542$4,097$3,693$3,205
11 years$5,008$4,479$3,999$3,566$3,176$2,711
12 years$4,544$4,020$3,549$3,128$2,752$2,310
13 years$4,151$3,633$3,171$2,761$2,400$1,980
14 years$3,815$3,302$2,849$2,451$2,104$1,706
15 years$3,524$3,016$2,572$2,186$1,852$1,475
16 years$3,270$2,768$2,332$1,957$1,637$1,280
17 years$3,045$2,549$2,122$1,759$1,451$1,114
18 years$2,846$2,355$1,937$1,585$1,291$972
19 years$2,668$2,183$1,773$1,432$1,150$850
20 years$2,508$2,028$1,628$1,297$1,027$744
21 years$2,364$1,889$1,497$1,177$919$653
22 years$2,232$1,764$1,380$1,070$824$574
23 years$2,113$1,649$1,274$975$740$505
24 years$2,003$1,545$1,178$889$665$444
25 years$1,903$1,450$1,091$812$598$392
26 years$1,810$1,363$1,012$742$539$345
27 years$1,724$1,283$940$679$486$305
28 years$1,645$1,209$874$623$438$269
29 years$1,571$1,140$813$571$396$238
30 years$1,502$1,077$757$524$358$210
31 years$1,438$1,018$706$481$323$186
32 years$1,378$963$659$442$293$165
33 years$1,322$912$615$407$265$146
34 years$1,269$865$575$374$240$129
35 years$1,219$820$537$344$217$114
36 years$1,172$778$503$317$197$101
37 years$1,128$739$470$292$178$90
38 years$1,086$703$441$269$162$79
39 years$1,046$668$413$248$147$70
40 years$1,009$636$387$229$133$62
41 years$973$605$363$211$121$55
42 years$940$576$340$195$109$49
43 years$907$549$319$180$99$43
44 years$877$523$300$166$90$39
45 years$848$499$281$154$82$34
46 years$820$476$264$142$74$30
47 years$793$454$248$131$67$27
48 years$768$434$233$121$61$24
49 years$744$414$219$112$56$21
50 years$721$396$206$103$51$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $738,000, adding $2,751 every year, while hoping to spend $21,779 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: 61/33/6 Blend
50$738,000$738,000$738,000$738,000
51$816,114$777,000$765,561$864,826
52$876,185$791,900$768,034$912,610
53$941,653$806,800$769,861$961,949
54$1,013,046$821,678$770,996$1,015,222
55$1,090,944$836,508$771,392$1,072,807
56$1,175,987$851,264$771,000$1,135,123
57$1,268,878$865,916$769,769$1,202,628
58$1,370,392$880,434$767,644$1,275,830
59$1,481,380$894,784$764,569$1,355,287
60$1,602,783$908,930$760,484$1,441,612
61$1,735,633$922,834$755,326$1,535,485
62$1,881,069$936,454$749,031$1,637,653
63$2,040,344$949,746$741,529$1,748,937
64$2,214,839$962,663$732,750$1,870,245
65$2,406,072$975,154$722,617$2,002,577
66$2,615,719$987,164$711,053$2,147,034
67$2,845,624$998,636$697,974$2,304,831
68$3,097,816$1,009,508$683,295$2,477,307
69$3,374,533$1,019,713$666,925$2,665,935
70$3,678,239$1,029,182$648,770$2,872,344
71$4,011,646$1,037,840$628,731$3,098,324
72$4,377,746$1,045,605$606,705$3,345,852
73$4,779,830$1,052,394$582,584$3,617,104
74$5,221,527$1,058,116$556,255$3,914,482
75$5,706,833$1,062,674$527,599$4,240,631
76$6,240,150$1,065,965$496,494$4,598,468
77$6,826,329$1,067,881$462,811$4,991,208
78$7,470,714$1,068,306$426,414$5,422,393
79$8,179,190$1,067,117$387,163$5,895,932
80$8,958,246$1,064,184$344,910$6,416,128
81$9,815,025$1,059,367$299,503$6,987,729
82$10,757,401$1,052,520$250,780$7,615,966
83$11,794,049$1,043,486$198,574$8,306,606
84$12,934,526$1,032,101$142,710$9,066,005
85$14,189,362$1,018,189$83,006$9,901,171
86$15,570,160$1,001,563$19,270$10,819,827
87$17,089,705$982,028$0$11,830,487
88$18,762,082$959,374$0$12,945,655
89$20,602,811$933,381$0$14,174,073
90$22,628,996$903,814$0$15,525,922
91$24,859,480$870,427$0$17,013,784
92$27,315,026$832,957$0$18,651,525
93$30,018,513$791,127$0$20,454,430
94$32,995,154$744,645$0$22,439,344
95$36,272,726$693,199$0$24,624,834
96$39,881,841$636,463$0$27,031,364
97$43,856,229$574,089$0$29,681,487
98$48,233,056$505,712$0$32,600,062
99$53,053,281$430,944$0$35,814,487
100$58,362,032$349,377$0$39,354,957