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%13.5%
1 years$61,191$60,646$60,114$59,595$59,088$58,229
2 years$30,293$29,728$29,182$28,652$28,137$27,274
3 years$19,994$19,428$18,882$18,357$17,851$17,010
4 years$14,846$14,282$13,742$13,225$12,732$11,919
5 years$11,758$11,197$10,664$10,158$9,679$8,897
6 years$9,700$9,143$8,618$8,124$7,658$6,909
7 years$8,231$7,678$7,162$6,679$6,228$5,511
8 years$7,129$6,582$6,074$5,603$5,167$4,482
9 years$6,273$5,731$5,231$4,772$4,351$3,698
10 years$5,588$5,051$4,561$4,114$3,708$3,085
11 years$5,029$4,497$4,015$3,580$3,189$2,597
12 years$4,562$4,036$3,563$3,140$2,763$2,202
13 years$4,168$3,647$3,184$2,772$2,410$1,877
14 years$3,831$3,315$2,861$2,461$2,112$1,608
15 years$3,538$3,029$2,583$2,195$1,860$1,383
16 years$3,283$2,779$2,342$1,965$1,644$1,194
17 years$3,058$2,559$2,131$1,766$1,457$1,033
18 years$2,858$2,365$1,945$1,591$1,296$896
19 years$2,679$2,192$1,781$1,438$1,155$779
20 years$2,518$2,037$1,634$1,302$1,032$678
21 years$2,373$1,897$1,503$1,182$923$592
22 years$2,242$1,771$1,385$1,075$828$517
23 years$2,121$1,656$1,279$979$743$452
24 years$2,011$1,552$1,183$893$668$395
25 years$1,910$1,456$1,096$815$601$346
26 years$1,817$1,369$1,016$745$541$303
27 years$1,731$1,288$944$682$488$266
28 years$1,652$1,214$877$625$440$234
29 years$1,577$1,145$816$573$398$205
30 years$1,508$1,081$760$526$359$180
31 years$1,444$1,022$709$483$325$158
32 years$1,384$967$661$444$294$139
33 years$1,327$916$618$408$266$122
34 years$1,274$868$577$376$241$108
35 years$1,224$823$539$346$218$95
36 years$1,177$782$505$319$198$83
37 years$1,132$742$472$293$179$73
38 years$1,090$705$442$270$162$64
39 years$1,051$671$414$249$147$57
40 years$1,013$638$388$230$134$50
41 years$977$608$364$212$121$44
42 years$943$579$342$196$110$39
43 years$911$551$321$181$100$34
44 years$880$525$301$167$91$30
45 years$851$501$283$154$82$26
46 years$823$478$265$142$75$23
47 years$797$456$249$132$68$21
48 years$771$435$234$122$62$18
49 years$747$416$220$112$56$16
50 years$723$397$207$104$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $741,000, adding $2,977 every year, while hoping to spend $39,374 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: 68/8/24 Blend
50$741,000$741,000$741,000$741,000
51$819,653$780,380$768,894$870,171
52$861,364$776,725$752,759$900,775
53$906,010$771,571$734,763$929,442
54$953,848$764,803$714,803$959,882
55$1,005,162$756,300$692,770$992,271
56$1,060,262$745,932$668,551$1,026,800
57$1,119,487$733,562$642,027$1,063,686
58$1,183,213$719,044$613,073$1,103,165
59$1,251,849$702,226$581,559$1,145,499
60$1,325,847$682,944$547,350$1,190,980
61$1,405,701$661,026$510,304$1,239,929
62$1,491,956$636,290$470,273$1,292,701
63$1,585,209$608,542$427,100$1,349,691
64$1,686,118$577,578$380,626$1,411,333
65$1,795,405$543,182$330,679$1,478,108
66$1,913,864$505,125$277,085$1,550,550
67$2,042,368$463,167$219,658$1,629,247
68$2,181,879$417,052$158,206$1,714,849
69$2,333,453$366,509$92,528$1,808,076
70$2,498,251$311,254$22,413$1,909,723
71$2,677,552$250,985$0$2,020,668
72$2,872,764$185,384$0$2,155,304
73$3,085,433$114,115$0$2,308,280
74$3,317,263$36,823$0$2,475,096
75$3,570,129$0$0$2,657,125
76$3,846,094$0$0$2,860,005
77$4,147,429$0$0$3,085,118
78$4,476,636$0$0$3,331,094
79$4,836,465$0$0$3,599,995
80$5,229,949$0$0$3,894,092
81$5,660,423$0$0$4,215,884
82$6,131,562$0$0$4,568,123
83$6,647,410$0$0$4,953,841
84$7,212,424$0$0$5,376,374
85$7,831,509$0$0$5,839,400
86$8,510,068$0$0$6,346,964
87$9,254,053$0$0$6,903,527
88$10,070,016$0$0$7,513,998
89$10,965,177$0$0$8,183,786
90$11,947,488$0$0$8,918,848
91$13,025,705$0$0$9,725,746
92$14,209,477$0$0$10,611,709
93$15,509,432$0$0$11,584,699
94$16,937,275$0$0$12,653,488
95$18,505,903$0$0$13,827,739
96$20,229,524$0$0$15,118,096
97$22,123,789$0$0$16,536,288
98$24,205,941$0$0$18,095,233
99$26,494,976$0$0$19,809,167
100$29,011,824$0$0$21,693,771