Can I retire at age 51 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$61,026$60,482$59,952$59,434$58,929$57,668
2 years$30,211$29,648$29,103$28,574$28,061$26,798
3 years$19,941$19,375$18,832$18,308$17,803$16,576
4 years$14,806$14,243$13,705$13,190$12,697$11,515
5 years$11,727$11,167$10,635$10,131$9,652$8,519
6 years$9,674$9,118$8,595$8,102$7,638$6,555
7 years$8,209$7,658$7,142$6,661$6,211$5,179
8 years$7,110$6,564$6,057$5,588$5,153$4,170
9 years$6,256$5,715$5,217$4,759$4,340$3,406
10 years$5,573$5,038$4,548$4,103$3,698$2,813
11 years$5,015$4,485$4,004$3,571$3,180$2,342
12 years$4,550$4,025$3,554$3,132$2,756$1,964
13 years$4,157$3,638$3,175$2,765$2,403$1,656
14 years$3,820$3,307$2,853$2,454$2,106$1,403
15 years$3,529$3,021$2,576$2,189$1,855$1,192
16 years$3,274$2,771$2,335$1,960$1,639$1,017
17 years$3,049$2,552$2,125$1,761$1,453$869
18 years$2,850$2,358$1,940$1,587$1,292$745
19 years$2,672$2,186$1,776$1,434$1,152$639
20 years$2,512$2,031$1,630$1,299$1,029$550
21 years$2,367$1,892$1,499$1,179$921$473
22 years$2,235$1,766$1,382$1,072$825$408
23 years$2,116$1,652$1,276$976$741$352
24 years$2,006$1,548$1,180$890$666$304
25 years$1,905$1,452$1,093$813$599$263
26 years$1,812$1,365$1,013$743$540$227
27 years$1,727$1,285$941$680$487$196
28 years$1,647$1,210$875$623$439$170
29 years$1,573$1,142$814$572$396$147
30 years$1,504$1,078$758$525$358$127
31 years$1,440$1,019$707$482$324$110
32 years$1,380$965$660$443$293$96
33 years$1,323$913$616$407$265$83
34 years$1,270$866$575$375$240$72
35 years$1,221$821$538$345$217$62
36 years$1,174$779$503$318$197$54
37 years$1,129$740$471$293$179$47
38 years$1,088$704$441$270$162$41
39 years$1,048$669$413$249$147$35
40 years$1,010$636$387$229$133$31
41 years$975$606$363$212$121$27
42 years$941$577$341$195$110$23
43 years$909$550$320$180$99$20
44 years$878$524$300$167$90$17
45 years$849$500$282$154$82$15
46 years$821$477$265$142$74$13
47 years$794$455$249$131$68$11
48 years$769$434$234$121$61$10
49 years$745$415$220$112$56$9
50 years$722$396$206$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $739,000, adding $2,042 every year, while hoping to spend $23,133 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: 51/27/22 Blend
50$739,000$739,000$739,000$739,000
51$816,484$777,317$765,863$853,021
52$875,152$790,793$766,906$891,988
53$939,029$804,153$767,209$931,797
54$1,008,622$817,368$766,722$974,600
55$1,084,488$830,406$765,394$1,020,689
56$1,167,241$843,231$763,170$1,070,387
57$1,257,558$855,807$759,994$1,124,050
58$1,356,182$868,095$755,807$1,182,072
59$1,463,931$880,050$750,545$1,244,887
60$1,581,707$891,628$744,144$1,312,974
61$1,710,503$902,780$736,534$1,386,860
62$1,851,412$913,453$727,645$1,467,130
63$2,005,635$923,591$717,401$1,554,425
64$2,174,499$933,136$705,723$1,649,458
65$2,359,462$942,024$692,529$1,753,010
66$2,562,131$950,187$677,732$1,865,946
67$2,784,275$957,553$661,243$1,989,219
68$3,027,844$964,046$642,967$2,123,883
69$3,294,983$969,583$622,805$2,271,097
70$3,588,057$974,078$600,655$2,432,142
71$3,909,669$977,438$576,407$2,608,432
72$4,262,688$979,565$549,949$2,801,524
73$4,650,273$980,355$521,164$3,013,138
74$5,075,905$979,697$489,927$3,245,170
75$5,543,417$977,472$456,109$3,499,714
76$6,057,033$973,556$419,577$3,779,076
77$6,621,406$967,816$380,188$4,085,802
78$7,241,662$960,111$337,797$4,422,699
79$7,923,447$950,292$292,249$4,792,865
80$8,672,983$938,201$243,384$5,199,714
81$9,497,124$923,669$191,034$5,647,014
82$10,403,422$906,520$135,024$6,138,918
83$11,400,196$886,565$75,173$6,680,007
84$12,496,614$863,604$11,288$7,275,334
85$13,702,774$837,426$0$7,930,470
86$15,029,805$807,808$0$8,664,913
87$16,489,967$774,513$0$9,475,779
88$18,096,771$737,291$0$10,367,937
89$19,865,100$695,877$0$11,349,677
90$21,811,357$649,991$0$12,430,138
91$23,953,612$599,338$0$13,619,392
92$26,311,779$543,603$0$14,928,541
93$28,907,797$482,457$0$16,369,822
94$31,765,845$415,550$0$17,956,724
95$34,912,561$342,512$0$19,704,113
96$38,377,300$262,952$0$21,628,377
97$42,192,408$176,460$0$23,747,577
98$46,393,526$82,599$0$26,081,621
99$51,019,929$0$0$28,652,451
100$56,114,895$0$0$31,489,924