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%14.6%
1 years$61,274$60,728$60,195$59,676$59,168$58,045
2 years$30,333$29,769$29,221$28,690$28,175$27,048
3 years$20,021$19,454$18,908$18,382$17,876$16,779
4 years$14,866$14,301$13,760$13,243$12,749$11,692
5 years$11,774$11,212$10,678$10,172$9,692$8,677
6 years$9,713$9,155$8,630$8,135$7,669$6,698
7 years$8,242$7,689$7,171$6,688$6,237$5,310
8 years$7,139$6,591$6,082$5,610$5,174$4,291
9 years$6,281$5,738$5,238$4,779$4,357$3,517
10 years$5,596$5,058$4,567$4,119$3,713$2,915
11 years$5,035$4,503$4,021$3,585$3,193$2,437
12 years$4,569$4,042$3,568$3,145$2,767$2,051
13 years$4,174$3,652$3,188$2,776$2,413$1,736
14 years$3,836$3,320$2,864$2,464$2,115$1,477
15 years$3,543$3,033$2,586$2,198$1,862$1,261
16 years$3,287$2,783$2,345$1,968$1,646$1,080
17 years$3,062$2,563$2,134$1,768$1,459$927
18 years$2,862$2,368$1,948$1,593$1,298$798
19 years$2,683$2,195$1,783$1,440$1,157$688
20 years$2,522$2,039$1,636$1,304$1,033$594
21 years$2,376$1,900$1,505$1,184$924$514
22 years$2,245$1,773$1,387$1,076$829$445
23 years$2,124$1,658$1,281$980$744$386
24 years$2,014$1,554$1,185$894$669$335
25 years$1,913$1,458$1,097$816$602$290
26 years$1,820$1,370$1,018$746$542$252
27 years$1,734$1,290$945$683$489$219
28 years$1,654$1,215$878$626$441$191
29 years$1,580$1,147$817$574$398$166
30 years$1,510$1,083$761$527$360$145
31 years$1,446$1,024$710$484$325$126
32 years$1,385$969$662$445$294$110
33 years$1,329$917$618$409$266$95
34 years$1,276$869$578$376$241$83
35 years$1,226$825$540$346$218$73
36 years$1,178$783$505$319$198$63
37 years$1,134$743$473$294$179$55
38 years$1,092$706$443$271$163$48
39 years$1,052$672$415$250$147$42
40 years$1,014$639$389$230$134$37
41 years$979$608$365$213$121$32
42 years$945$579$342$196$110$28
43 years$912$552$321$181$100$24
44 years$882$526$301$167$91$21
45 years$852$502$283$154$82$18
46 years$824$479$266$143$75$16
47 years$798$457$250$132$68$14
48 years$772$436$235$122$62$12
49 years$748$416$221$113$56$11
50 years$724$398$207$104$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $742,000, adding $6,412 every year, while hoping to spend $41,037 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: 45/26/29 Blend
50$742,000$742,000$742,000$742,000
51$824,298$784,972$773,471$854,231
52$864,713$779,773$755,719$870,971
53$907,876$772,943$735,997$884,696
54$954,022$764,360$714,196$898,802
55$1,003,411$753,893$690,201$913,348
56$1,056,329$741,404$663,893$928,402
57$1,113,088$726,746$635,146$944,041
58$1,174,030$709,763$603,830$960,354
59$1,239,531$690,291$569,809$977,442
60$1,310,004$668,157$532,939$995,419
61$1,385,903$643,175$493,071$1,014,415
62$1,467,726$615,151$450,049$1,034,578
63$1,556,019$583,878$403,710$1,056,073
64$1,651,383$549,139$353,885$1,079,088
65$1,754,479$510,701$300,395$1,103,834
66$1,866,032$468,322$243,054$1,130,550
67$1,986,840$421,743$181,670$1,159,502
68$2,117,781$370,691$116,039$1,190,991
69$2,259,818$314,879$45,950$1,225,353
70$2,414,014$254,002$0$1,262,965
71$2,581,533$187,738$0$1,313,176
72$2,763,660$115,748$0$1,383,284
73$2,961,807$37,673$0$1,459,659
74$3,177,526$0$0$1,542,967
75$3,412,528$0$0$1,647,354
76$3,668,693$0$0$1,772,972
77$3,948,092$0$0$1,910,066
78$4,253,003$0$0$2,059,766
79$4,585,934$0$0$2,223,314
80$4,949,647$0$0$2,402,077
81$5,347,181$0$0$2,597,562
82$5,781,882$0$0$2,811,426
83$6,257,436$0$0$3,045,495
84$6,777,899$0$0$3,301,779
85$7,347,738$0$0$3,582,492
86$7,971,874$0$0$3,890,071
87$8,655,723$0$0$4,227,202
88$9,405,253$0$0$4,596,841
89$10,227,034$0$0$5,002,245
90$11,128,303$0$0$5,447,000
91$12,117,033$0$0$5,935,058
92$13,202,003$0$0$6,470,771
93$14,392,884$0$0$7,058,931
94$15,700,330$0$0$7,704,821
95$17,136,076$0$0$8,414,257
96$18,713,049$0$0$9,193,647
97$20,445,489$0$0$10,050,050
98$22,349,085$0$0$10,991,244
99$24,441,120$0$0$12,025,796
100$26,740,633$0$0$13,163,147