Can I retire at age 51 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$61,109$60,564$60,033$59,515$59,009$58,539
2 years$30,252$29,688$29,142$28,613$28,099$27,626
3 years$19,967$19,402$18,857$18,333$17,827$17,365
4 years$14,826$14,262$13,723$13,208$12,715$12,266
5 years$11,743$11,182$10,650$10,145$9,665$9,233
6 years$9,687$9,131$8,607$8,113$7,648$7,232
7 years$8,220$7,668$7,152$6,670$6,220$5,820
8 years$7,120$6,573$6,066$5,595$5,160$4,777
9 years$6,265$5,723$5,224$4,766$4,345$3,979
10 years$5,581$5,044$4,555$4,108$3,703$3,352
11 years$5,022$4,491$4,010$3,575$3,184$2,850
12 years$4,556$4,031$3,559$3,136$2,759$2,440
13 years$4,163$3,643$3,179$2,769$2,406$2,103
14 years$3,826$3,311$2,857$2,458$2,109$1,821
15 years$3,534$3,025$2,579$2,192$1,857$1,583
16 years$3,278$2,775$2,338$1,963$1,641$1,381
17 years$3,054$2,556$2,128$1,763$1,455$1,209
18 years$2,854$2,362$1,942$1,589$1,294$1,061
19 years$2,675$2,189$1,778$1,436$1,153$933
20 years$2,515$2,034$1,632$1,301$1,030$822
21 years$2,370$1,894$1,501$1,180$922$725
22 years$2,238$1,768$1,383$1,073$826$641
23 years$2,119$1,654$1,277$977$742$567
24 years$2,009$1,550$1,181$891$667$503
25 years$1,908$1,454$1,094$814$600$446
26 years$1,815$1,367$1,015$744$540$396
27 years$1,729$1,286$942$681$487$352
28 years$1,649$1,212$876$624$440$312
29 years$1,575$1,143$815$572$397$278
30 years$1,506$1,080$759$525$359$247
31 years$1,442$1,021$708$483$324$220
32 years$1,382$966$661$443$293$196
33 years$1,325$915$617$408$266$175
34 years$1,272$867$576$375$240$156
35 years$1,222$822$539$345$218$139
36 years$1,175$780$504$318$197$124
37 years$1,131$741$472$293$179$110
38 years$1,089$704$442$270$162$99
39 years$1,049$670$414$249$147$88
40 years$1,012$637$388$230$133$78
41 years$976$607$364$212$121$70
42 years$942$578$341$196$110$63
43 years$910$551$320$181$100$56
44 years$879$525$301$167$90$50
45 years$850$500$282$154$82$45
46 years$822$477$265$142$75$40
47 years$796$456$249$131$68$35
48 years$770$435$234$121$61$32
49 years$746$415$220$112$56$28
50 years$722$397$207$104$51$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $740,000, adding $2,835 every year, while hoping to spend $43,669 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: 83/5/12 Blend
50$740,000$740,000$740,000$740,000
51$818,404$779,184$767,714$884,375
52$855,418$770,901$746,969$919,724
53$894,744$760,748$724,066$952,454
54$936,571$748,588$698,885$987,088
55$981,107$734,275$671,304$1,023,794
56$1,028,579$717,654$641,192$1,062,755
57$1,079,237$698,561$608,415$1,104,175
58$1,133,353$676,825$572,830$1,148,275
59$1,191,226$652,260$534,291$1,195,301
60$1,253,183$624,673$492,642$1,245,525
61$1,319,584$593,858$447,722$1,299,243
62$1,390,823$559,599$399,362$1,356,784
63$1,467,333$521,665$347,386$1,418,511
64$1,549,588$479,814$291,611$1,484,822
65$1,638,110$433,788$231,844$1,556,156
66$1,733,471$383,317$167,884$1,632,999
67$1,836,298$328,113$99,522$1,715,883
68$1,947,284$267,874$26,539$1,805,399
69$2,067,187$202,280$0$1,902,195
70$2,196,839$130,991$0$2,013,561
71$2,337,159$53,651$0$2,137,765
72$2,489,152$0$0$2,272,307
73$2,653,928$0$0$2,419,836
74$2,832,703$0$0$2,583,116
75$3,026,818$0$0$2,760,417
76$3,237,746$0$0$2,953,090
77$3,467,107$0$0$3,162,614
78$3,716,685$0$0$3,390,622
79$3,988,443$0$0$3,638,908
80$4,284,538$0$0$3,909,446
81$4,607,346$0$0$4,204,408
82$4,959,484$0$0$4,526,188
83$5,343,828$0$0$4,877,415
84$5,763,548$0$0$5,260,990
85$6,222,131$0$0$5,680,100
86$6,723,416$0$0$6,138,257
87$7,271,631$0$0$6,639,329
88$7,871,430$0$0$7,187,572
89$8,527,939$0$0$7,787,673
90$9,246,800$0$0$8,444,793
91$10,034,230$0$0$9,164,617
92$10,897,071$0$0$9,953,405
93$11,842,862$0$0$10,818,050
94$12,879,903$0$0$11,766,145
95$14,017,339$0$0$12,806,052
96$15,265,238$0$0$13,946,982
97$16,634,695$0$0$15,199,081
98$18,137,927$0$0$16,573,523
99$19,788,393$0$0$18,082,618
100$21,600,920$0$0$19,739,927