Can I retire at age 51 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$61,191$60,646$60,114$59,595$59,088$57,404
2 years$30,293$29,728$29,182$28,652$28,137$26,453
3 years$19,994$19,428$18,882$18,357$17,851$16,221
4 years$14,846$14,282$13,742$13,225$12,732$11,167
5 years$11,758$11,197$10,664$10,158$9,679$8,184
6 years$9,700$9,143$8,618$8,124$7,658$6,235
7 years$8,231$7,678$7,162$6,679$6,228$4,876
8 years$7,129$6,582$6,074$5,603$5,167$3,886
9 years$6,273$5,731$5,231$4,772$4,351$3,139
10 years$5,588$5,051$4,561$4,114$3,708$2,563
11 years$5,029$4,497$4,015$3,580$3,189$2,110
12 years$4,562$4,036$3,563$3,140$2,763$1,749
13 years$4,168$3,647$3,184$2,772$2,410$1,457
14 years$3,831$3,315$2,861$2,461$2,112$1,219
15 years$3,538$3,029$2,583$2,195$1,860$1,023
16 years$3,283$2,779$2,342$1,965$1,644$861
17 years$3,058$2,559$2,131$1,766$1,457$727
18 years$2,858$2,365$1,945$1,591$1,296$615
19 years$2,679$2,192$1,781$1,438$1,155$521
20 years$2,518$2,037$1,634$1,302$1,032$441
21 years$2,373$1,897$1,503$1,182$923$375
22 years$2,242$1,771$1,385$1,075$828$319
23 years$2,121$1,656$1,279$979$743$271
24 years$2,011$1,552$1,183$893$668$231
25 years$1,910$1,456$1,096$815$601$197
26 years$1,817$1,369$1,016$745$541$167
27 years$1,731$1,288$944$682$488$143
28 years$1,652$1,214$877$625$440$122
29 years$1,577$1,145$816$573$398$104
30 years$1,508$1,081$760$526$359$89
31 years$1,444$1,022$709$483$325$76
32 years$1,384$967$661$444$294$65
33 years$1,327$916$618$408$266$55
34 years$1,274$868$577$376$241$47
35 years$1,224$823$539$346$218$40
36 years$1,177$782$505$319$198$34
37 years$1,132$742$472$293$179$29
38 years$1,090$705$442$270$162$25
39 years$1,051$671$414$249$147$21
40 years$1,013$638$388$230$134$18
41 years$977$608$364$212$121$16
42 years$943$579$342$196$110$13
43 years$911$551$321$181$100$11
44 years$880$525$301$167$91$10
45 years$851$501$283$154$82$8
46 years$823$478$265$142$75$7
47 years$797$456$249$132$68$6
48 years$771$435$234$122$62$5
49 years$747$416$220$112$56$4
50 years$723$397$207$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $741,000, adding $6,016 every year, while hoping to spend $42,531 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$741,000$741,000$741,000$741,000
51$822,788$783,515$772,029$851,948
52$861,459$776,654$752,639$866,455
53$902,650$768,032$731,175$877,630
54$946,572$757,517$707,521$888,901
55$993,457$744,970$681,557$900,301
56$1,043,560$730,244$653,160$911,869
57$1,097,160$713,183$622,197$923,650
58$1,154,562$693,621$588,533$935,700
59$1,216,102$671,383$552,024$948,080
60$1,282,149$646,285$512,521$960,865
61$1,353,105$618,130$469,867$974,141
62$1,429,415$586,711$423,901$988,006
63$1,511,564$551,809$374,450$1,002,573
64$1,600,087$513,192$321,338$1,017,971
65$1,695,572$470,614$264,379$1,034,348
66$1,798,663$423,817$203,378$1,051,873
67$1,910,068$372,526$138,133$1,070,738
68$2,030,568$316,451$68,433$1,091,160
69$2,161,016$255,288$0$1,113,386
70$2,302,356$188,713$0$1,139,279
71$2,455,620$116,385$0$1,187,151
72$2,621,949$37,942$0$1,239,147
73$2,802,592$0$0$1,295,730
74$2,998,926$0$0$1,373,966
75$3,212,467$0$0$1,473,671
76$3,444,880$0$0$1,582,271
77$3,697,998$0$0$1,700,635
78$3,973,839$0$0$1,829,717
79$4,274,623$0$0$1,970,566
80$4,602,794$0$0$2,124,341
81$4,961,041$0$0$2,292,312
82$5,352,326$0$0$2,475,883
83$5,779,907$0$0$2,676,595
84$6,247,374$0$0$2,896,147
85$6,758,676$0$0$3,136,409
86$7,318,164$0$0$3,399,441
87$7,930,628$0$0$3,687,511
88$8,601,343$0$0$4,003,115
89$9,336,118$0$0$4,349,005
90$10,141,349$0$0$4,728,209
91$11,024,081$0$0$5,144,063
92$11,992,073$0$0$5,600,242
93$13,053,872$0$0$6,100,793
94$14,218,891$0$0$6,650,174
95$15,497,498$0$0$7,253,296
96$16,901,114$0$0$7,915,567
97$18,442,319$0$0$8,642,947
98$20,134,971$0$0$9,441,999
99$21,994,337$0$0$10,319,955
100$24,037,235$0$0$11,284,780