Can I retire at age 51 with 740,000?

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 $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%14%
1 years$61,109$60,564$60,033$59,515$59,009$58,031
2 years$30,252$29,688$29,142$28,613$28,099$27,117
3 years$19,967$19,402$18,857$18,333$17,827$16,871
4 years$14,826$14,262$13,723$13,208$12,715$11,792
5 years$11,743$11,182$10,650$10,145$9,665$8,779
6 years$9,687$9,131$8,607$8,113$7,648$6,799
7 years$8,220$7,668$7,152$6,670$6,220$5,408
8 years$7,120$6,573$6,066$5,595$5,160$4,385
9 years$6,265$5,723$5,224$4,766$4,345$3,608
10 years$5,581$5,044$4,555$4,108$3,703$3,001
11 years$5,022$4,491$4,010$3,575$3,184$2,518
12 years$4,556$4,031$3,559$3,136$2,759$2,128
13 years$4,163$3,643$3,179$2,769$2,406$1,808
14 years$3,826$3,311$2,857$2,458$2,109$1,544
15 years$3,534$3,025$2,579$2,192$1,857$1,324
16 years$3,278$2,775$2,338$1,963$1,641$1,138
17 years$3,054$2,556$2,128$1,763$1,455$982
18 years$2,854$2,362$1,942$1,589$1,294$848
19 years$2,675$2,189$1,778$1,436$1,153$735
20 years$2,515$2,034$1,632$1,301$1,030$638
21 years$2,370$1,894$1,501$1,180$922$554
22 years$2,238$1,768$1,383$1,073$826$482
23 years$2,119$1,654$1,277$977$742$420
24 years$2,009$1,550$1,181$891$667$366
25 years$1,908$1,454$1,094$814$600$319
26 years$1,815$1,367$1,015$744$540$279
27 years$1,729$1,286$942$681$487$243
28 years$1,649$1,212$876$624$440$213
29 years$1,575$1,143$815$572$397$186
30 years$1,506$1,080$759$525$359$163
31 years$1,442$1,021$708$483$324$142
32 years$1,382$966$661$443$293$125
33 years$1,325$915$617$408$266$109
34 years$1,272$867$576$375$240$96
35 years$1,222$822$539$345$218$84
36 years$1,175$780$504$318$197$73
37 years$1,131$741$472$293$179$64
38 years$1,089$704$442$270$162$56
39 years$1,049$670$414$249$147$49
40 years$1,012$637$388$230$133$43
41 years$976$607$364$212$121$38
42 years$942$578$341$196$110$33
43 years$910$551$320$181$100$29
44 years$879$525$301$167$90$26
45 years$850$500$282$154$82$22
46 years$822$477$265$142$75$20
47 years$796$456$249$131$68$17
48 years$770$435$234$121$61$15
49 years$746$415$220$112$56$13
50 years$722$397$207$104$51$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $740,000, adding $3,208 every year, while hoping to spend $51,594 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: 48/44/8 Blend
50$740,000$740,000$740,000$740,000
51$818,789$779,569$768,099$856,189
52$847,410$762,872$738,935$865,471
53$877,221$743,628$707,064$869,849
54$908,289$721,658$672,342$873,402
55$940,686$696,770$634,617$876,067
56$974,490$668,766$593,731$877,780
57$1,009,784$637,432$549,517$878,475
58$1,046,659$602,543$501,803$878,080
59$1,085,212$563,861$450,407$876,522
60$1,125,549$521,136$395,142$873,726
61$1,167,785$474,101$335,808$869,614
62$1,212,042$422,476$272,201$864,105
63$1,258,456$365,962$204,105$857,114
64$1,307,172$304,248$131,296$848,556
65$1,358,347$237,000$53,539$838,342
66$1,412,155$163,869$0$826,381
67$1,468,782$84,486$0$815,094
68$1,528,431$0$0$806,913
69$1,591,324$0$0$797,937
70$1,657,703$0$0$831,669
71$1,727,830$0$0$867,340
72$1,801,993$0$0$905,101
73$1,880,505$0$0$945,116
74$1,963,709$0$0$987,565
75$2,051,979$0$0$1,032,645
76$2,145,723$0$0$1,080,569
77$2,245,389$0$0$1,131,574
78$2,351,466$0$0$1,185,916
79$2,464,490$0$0$1,243,876
80$2,585,047$0$0$1,305,765
81$2,713,780$0$0$1,371,918
82$2,851,394$0$0$1,442,708
83$2,998,659$0$0$1,518,540
84$3,156,423$0$0$1,599,861
85$3,325,614$0$0$1,687,158
86$3,507,250$0$0$1,780,970
87$3,702,449$0$0$1,881,885
88$3,912,439$0$0$1,990,549
89$4,138,566$0$0$2,107,673
90$4,382,310$0$0$2,234,038
91$4,645,298$0$0$2,370,501
92$4,929,313$0$0$2,518,004
93$5,236,320$0$0$2,677,582
94$5,568,474$0$0$2,850,373
95$5,928,146$0$0$3,037,629
96$6,317,943$0$0$3,240,725
97$6,740,730$0$0$3,461,174
98$7,199,660$0$0$3,700,641
99$7,698,200$0$0$3,960,956
100$8,240,162$0$0$4,244,133