Can I retire at age 51 with 742,000?

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 $742,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$61,274$60,728$60,195$59,676$59,168$57,435
2 years$30,333$29,769$29,221$28,690$28,175$26,443
3 years$20,021$19,454$18,908$18,382$17,876$16,199
4 years$14,866$14,301$13,760$13,243$12,749$11,141
5 years$11,774$11,212$10,678$10,172$9,692$8,156
6 years$9,713$9,155$8,630$8,135$7,669$6,207
7 years$8,242$7,689$7,171$6,688$6,237$4,849
8 years$7,139$6,591$6,082$5,610$5,174$3,859
9 years$6,281$5,738$5,238$4,779$4,357$3,114
10 years$5,596$5,058$4,567$4,119$3,713$2,540
11 years$5,035$4,503$4,021$3,585$3,193$2,088
12 years$4,569$4,042$3,568$3,145$2,767$1,728
13 years$4,174$3,652$3,188$2,776$2,413$1,438
14 years$3,836$3,320$2,864$2,464$2,115$1,201
15 years$3,543$3,033$2,586$2,198$1,862$1,007
16 years$3,287$2,783$2,345$1,968$1,646$846
17 years$3,062$2,563$2,134$1,768$1,459$713
18 years$2,862$2,368$1,948$1,593$1,298$602
19 years$2,683$2,195$1,783$1,440$1,157$509
20 years$2,522$2,039$1,636$1,304$1,033$431
21 years$2,376$1,900$1,505$1,184$924$366
22 years$2,245$1,773$1,387$1,076$829$310
23 years$2,124$1,658$1,281$980$744$264
24 years$2,014$1,554$1,185$894$669$224
25 years$1,913$1,458$1,097$816$602$190
26 years$1,820$1,370$1,018$746$542$162
27 years$1,734$1,290$945$683$489$138
28 years$1,654$1,215$878$626$441$117
29 years$1,580$1,147$817$574$398$100
30 years$1,510$1,083$761$527$360$85
31 years$1,446$1,024$710$484$325$73
32 years$1,385$969$662$445$294$62
33 years$1,329$917$618$409$266$53
34 years$1,276$869$578$376$241$45
35 years$1,226$825$540$346$218$38
36 years$1,178$783$505$319$198$33
37 years$1,134$743$473$294$179$28
38 years$1,092$706$443$271$163$24
39 years$1,052$672$415$250$147$20
40 years$1,014$639$389$230$134$17
41 years$979$608$365$213$121$15
42 years$945$579$342$196$110$13
43 years$912$552$321$181$100$11
44 years$882$526$301$167$91$9
45 years$852$502$283$154$82$8
46 years$824$479$266$143$75$7
47 years$798$457$250$132$68$6
48 years$772$436$235$122$62$5
49 years$748$416$221$113$56$4
50 years$724$398$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 $742,000, adding $5,258 every year, while hoping to spend $34,605 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: 71/13/16 Blend
50$742,000$742,000$742,000$742,000
51$823,108$783,782$772,281$878,148
52$870,245$785,367$761,333$916,990
53$921,031$785,871$748,858$954,829
54$975,800$785,203$734,769$995,362
55$1,034,922$783,269$718,974$1,038,848
56$1,098,802$779,966$701,377$1,085,576
57$1,167,884$775,189$681,878$1,135,862
58$1,242,659$768,823$660,371$1,190,056
59$1,323,663$760,749$636,746$1,248,546
60$1,411,488$750,838$610,889$1,311,756
61$1,506,786$738,954$582,680$1,380,158
62$1,610,270$724,955$551,992$1,454,272
63$1,722,729$708,689$518,695$1,534,671
64$1,845,027$689,994$482,650$1,621,987
65$1,978,116$668,701$443,716$1,716,918
66$2,123,045$644,628$401,741$1,820,236
67$2,280,966$617,585$356,570$1,932,790
68$2,453,148$587,371$308,039$2,055,518
69$2,640,988$553,771$255,977$2,189,457
70$2,846,023$516,559$200,206$2,335,749
71$3,069,944$475,497$140,540$2,495,654
72$3,314,614$430,333$76,784$2,670,563
73$3,582,084$380,798$8,736$2,862,011
74$3,874,612$326,612$0$3,071,691
75$4,194,682$267,477$0$3,312,377
76$4,545,033$203,076$0$3,577,524
77$4,928,678$133,079$0$3,867,952
78$5,348,937$57,133$0$4,186,210
79$5,809,465$0$0$4,535,106
80$6,314,286$0$0$4,921,333
81$6,867,836$0$0$5,353,840
82$7,474,997$0$0$5,828,274
83$8,141,147$0$0$6,348,843
84$8,872,211$0$0$6,920,183
85$9,674,715$0$0$7,547,397
86$10,555,846$0$0$8,236,109
87$11,523,524$0$0$8,992,515
88$12,586,471$0$0$9,823,439
89$13,754,296$0$0$10,736,398
90$15,037,585$0$0$11,739,674
91$16,448,001$0$0$12,842,392
92$17,998,392$0$0$14,054,603
93$19,702,913$0$0$15,387,381
94$21,577,158$0$0$16,852,928
95$23,638,310$0$0$18,464,686
96$25,905,297$0$0$20,237,465
97$28,398,978$0$0$22,187,583
98$31,142,332$0$0$24,333,019
99$34,160,677$0$0$26,693,582
100$37,481,911$0$0$29,291,097