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%12.5%
1 years$61,026$60,482$59,952$59,434$58,929$58,313
2 years$30,211$29,648$29,103$28,574$28,061$27,442
3 years$19,941$19,375$18,832$18,308$17,803$17,198
4 years$14,806$14,243$13,705$13,190$12,697$12,112
5 years$11,727$11,167$10,635$10,131$9,652$9,088
6 years$9,674$9,118$8,595$8,102$7,638$7,096
7 years$8,209$7,658$7,142$6,661$6,211$5,692
8 years$7,110$6,564$6,057$5,588$5,153$4,655
9 years$6,256$5,715$5,217$4,759$4,340$3,864
10 years$5,573$5,038$4,548$4,103$3,698$3,244
11 years$5,015$4,485$4,004$3,571$3,180$2,747
12 years$4,550$4,025$3,554$3,132$2,756$2,344
13 years$4,157$3,638$3,175$2,765$2,403$2,012
14 years$3,820$3,307$2,853$2,454$2,106$1,735
15 years$3,529$3,021$2,576$2,189$1,855$1,502
16 years$3,274$2,771$2,335$1,960$1,639$1,306
17 years$3,049$2,552$2,125$1,761$1,453$1,138
18 years$2,850$2,358$1,940$1,587$1,292$994
19 years$2,672$2,186$1,776$1,434$1,152$871
20 years$2,512$2,031$1,630$1,299$1,029$764
21 years$2,367$1,892$1,499$1,179$921$671
22 years$2,235$1,766$1,382$1,072$825$590
23 years$2,116$1,652$1,276$976$741$520
24 years$2,006$1,548$1,180$890$666$459
25 years$1,905$1,452$1,093$813$599$405
26 years$1,812$1,365$1,013$743$540$358
27 years$1,727$1,285$941$680$487$316
28 years$1,647$1,210$875$623$439$280
29 years$1,573$1,142$814$572$396$248
30 years$1,504$1,078$758$525$358$219
31 years$1,440$1,019$707$482$324$194
32 years$1,380$965$660$443$293$172
33 years$1,323$913$616$407$265$153
34 years$1,270$866$575$375$240$135
35 years$1,221$821$538$345$217$120
36 years$1,174$779$503$318$197$107
37 years$1,129$740$471$293$179$95
38 years$1,088$704$441$270$162$84
39 years$1,048$669$413$249$147$74
40 years$1,010$636$387$229$133$66
41 years$975$606$363$212$121$59
42 years$941$577$341$195$110$52
43 years$909$550$320$180$99$46
44 years$878$524$300$167$90$41
45 years$849$500$282$154$82$37
46 years$821$477$265$142$74$32
47 years$794$455$249$131$68$29
48 years$769$434$234$121$61$26
49 years$745$415$220$112$56$23
50 years$722$396$206$104$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $739,000, adding $6,511 every year, while hoping to spend $24,555 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: 35/35/30 Blend
50$739,000$739,000$739,000$739,000
51$821,094$781,927$770,473$842,243
52$878,719$794,115$770,157$870,912
53$941,399$806,078$769,008$899,175
54$1,009,624$817,777$766,972$929,207
55$1,083,932$829,174$763,991$961,183
56$1,164,916$840,227$760,008$995,298
57$1,253,228$850,889$754,959$1,031,768
58$1,349,588$861,113$748,781$1,070,833
59$1,454,785$870,846$741,404$1,112,756
60$1,569,689$880,034$732,757$1,157,831
61$1,695,259$888,618$722,766$1,206,384
62$1,832,549$896,534$711,353$1,258,772
63$1,982,721$903,715$698,434$1,315,395
64$2,147,052$910,091$683,926$1,376,693
65$2,326,951$915,585$667,737$1,443,154
66$2,523,969$920,117$649,775$1,515,315
67$2,739,811$923,601$629,940$1,593,775
68$2,976,359$925,944$608,130$1,679,192
69$3,235,683$927,051$584,238$1,772,297
70$3,520,064$926,818$558,151$1,873,897
71$3,832,014$925,135$529,752$1,984,883
72$4,174,298$921,886$498,918$2,106,243
73$4,549,966$916,948$465,521$2,239,066
74$4,962,373$910,189$429,427$2,384,558
75$5,415,217$901,470$390,495$2,544,051
76$5,912,572$890,645$348,579$2,719,016
77$6,458,925$877,557$303,527$2,911,079
78$7,059,219$862,041$255,179$3,122,038
79$7,718,900$843,921$203,368$3,353,876
80$8,443,966$823,012$147,919$3,608,785
81$9,241,029$799,117$88,652$3,889,187
82$10,117,368$772,029$25,377$4,197,754
83$11,081,008$741,526$0$4,537,439
84$12,140,786$707,376$0$4,924,994
85$13,306,441$669,333$0$5,360,071
86$14,588,703$627,135$0$5,838,581
87$15,999,394$580,508$0$6,364,981
88$17,551,538$529,158$0$6,944,188
89$19,259,487$472,780$0$7,581,623
90$21,139,054$411,046$0$8,283,266
91$23,207,663$343,612$0$9,055,709
92$25,484,512$270,116$0$9,906,223
93$27,990,753$190,173$0$10,842,826
94$30,749,696$103,377$0$11,874,358
95$33,787,024$9,301$0$13,010,567
96$37,131,036$0$0$14,262,202
97$40,812,915$0$0$15,676,742
98$44,867,024$0$0$17,238,370
99$49,331,225$0$0$18,958,107
100$54,247,238$0$0$20,852,041