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%15.4%
1 years$61,109$60,564$60,033$59,515$59,009$57,699
2 years$30,252$29,688$29,142$28,613$28,099$26,787
3 years$19,967$19,402$18,857$18,333$17,827$16,553
4 years$14,826$14,262$13,723$13,208$12,715$11,488
5 years$11,743$11,182$10,650$10,145$9,665$8,490
6 years$9,687$9,131$8,607$8,113$7,648$6,525
7 years$8,220$7,668$7,152$6,670$6,220$5,150
8 years$7,120$6,573$6,066$5,595$5,160$4,142
9 years$6,265$5,723$5,224$4,766$4,345$3,379
10 years$5,581$5,044$4,555$4,108$3,703$2,787
11 years$5,022$4,491$4,010$3,575$3,184$2,318
12 years$4,556$4,031$3,559$3,136$2,759$1,941
13 years$4,163$3,643$3,179$2,769$2,406$1,634
14 years$3,826$3,311$2,857$2,458$2,109$1,382
15 years$3,534$3,025$2,579$2,192$1,857$1,173
16 years$3,278$2,775$2,338$1,963$1,641$999
17 years$3,054$2,556$2,128$1,763$1,455$853
18 years$2,854$2,362$1,942$1,589$1,294$730
19 years$2,675$2,189$1,778$1,436$1,153$626
20 years$2,515$2,034$1,632$1,301$1,030$537
21 years$2,370$1,894$1,501$1,180$922$462
22 years$2,238$1,768$1,383$1,073$826$397
23 years$2,119$1,654$1,277$977$742$342
24 years$2,009$1,550$1,181$891$667$295
25 years$1,908$1,454$1,094$814$600$255
26 years$1,815$1,367$1,015$744$540$220
27 years$1,729$1,286$942$681$487$190
28 years$1,649$1,212$876$624$440$164
29 years$1,575$1,143$815$572$397$142
30 years$1,506$1,080$759$525$359$123
31 years$1,442$1,021$708$483$324$106
32 years$1,382$966$661$443$293$92
33 years$1,325$915$617$408$266$79
34 years$1,272$867$576$375$240$69
35 years$1,222$822$539$345$218$59
36 years$1,175$780$504$318$197$51
37 years$1,131$741$472$293$179$45
38 years$1,089$704$442$270$162$39
39 years$1,049$670$414$249$147$33
40 years$1,012$637$388$230$133$29
41 years$976$607$364$212$121$25
42 years$942$578$341$196$110$22
43 years$910$551$320$181$100$19
44 years$879$525$301$167$90$16
45 years$850$500$282$154$82$14
46 years$822$477$265$142$75$12
47 years$796$456$249$131$68$11
48 years$770$435$234$121$61$9
49 years$746$415$220$112$56$8
50 years$722$397$207$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $740,000, adding $3,822 every year, while hoping to spend $52,860 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: 43/32/25 Blend
50$740,000$740,000$740,000$740,000
51$819,422$780,202$768,732$848,543
52$846,761$762,190$738,242$851,661
53$875,116$741,523$704,959$849,681
54$904,536$718,016$668,734$846,495
55$935,072$691,472$629,409$842,022
56$966,779$661,683$586,823$836,176
57$999,713$628,428$540,805$828,866
58$1,033,938$591,476$491,177$819,997
59$1,069,520$550,578$437,752$809,471
60$1,106,531$505,476$380,335$797,183
61$1,145,046$455,893$318,725$783,026
62$1,185,147$401,538$252,709$766,884
63$1,226,923$342,104$182,066$748,641
64$1,270,467$277,266$106,564$728,172
65$1,315,884$206,681$25,962$705,348
66$1,363,281$129,985$0$680,034
67$1,412,777$46,797$0$668,110
68$1,464,502$0$0$661,843
69$1,518,592$0$0$669,465
70$1,575,198$0$0$694,709
71$1,634,481$0$0$721,172
72$1,696,618$0$0$748,935
73$1,761,798$0$0$778,088
74$1,830,229$0$0$808,727
75$1,902,134$0$0$840,956
76$1,977,759$0$0$874,889
77$2,057,367$0$0$910,650
78$2,141,249$0$0$948,375
79$2,229,719$0$0$988,209
80$2,323,120$0$0$1,030,315
81$2,421,825$0$0$1,074,866
82$2,526,244$0$0$1,122,054
83$2,636,821$0$0$1,172,089
84$2,754,043$0$0$1,225,198
85$2,878,443$0$0$1,281,631
86$3,010,601$0$0$1,341,662
87$3,151,154$0$0$1,405,588
88$3,300,797$0$0$1,473,738
89$3,460,293$0$0$1,546,470
90$3,630,477$0$0$1,624,177
91$3,812,262$0$0$1,707,289
92$4,006,651$0$0$1,796,277
93$4,214,741$0$0$1,891,660
94$4,437,739$0$0$1,994,005
95$4,676,964$0$0$2,103,936
96$4,933,868$0$0$2,222,135
97$5,210,042$0$0$2,349,354
98$5,507,232$0$0$2,486,417
99$5,827,357$0$0$2,634,229
100$6,172,524$0$0$2,793,786