Can I retire at age 51 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$61,356$60,810$60,277$59,756$59,248$57,214
2 years$30,374$29,809$29,260$28,729$28,213$26,185
3 years$20,048$19,480$18,933$18,407$17,900$15,940
4 years$14,886$14,320$13,779$13,261$12,766$10,891
5 years$11,790$11,227$10,693$10,186$9,705$7,919
6 years$9,727$9,168$8,641$8,146$7,679$5,984
7 years$8,253$7,699$7,181$6,697$6,245$4,640
8 years$7,149$6,600$6,090$5,618$5,181$3,665
9 years$6,290$5,746$5,245$4,785$4,363$2,934
10 years$5,603$5,065$4,573$4,125$3,718$2,373
11 years$5,042$4,509$4,026$3,590$3,197$1,935
12 years$4,575$4,047$3,573$3,149$2,771$1,588
13 years$4,179$3,657$3,192$2,780$2,416$1,309
14 years$3,841$3,324$2,868$2,468$2,118$1,084
15 years$3,548$3,037$2,590$2,201$1,865$900
16 years$3,292$2,786$2,348$1,971$1,648$750
17 years$3,066$2,566$2,136$1,771$1,461$626
18 years$2,865$2,371$1,950$1,596$1,299$523
19 years$2,686$2,198$1,785$1,442$1,158$438
20 years$2,525$2,042$1,639$1,306$1,034$367
21 years$2,380$1,902$1,507$1,185$926$308
22 years$2,248$1,776$1,389$1,078$830$259
23 years$2,127$1,661$1,283$981$745$218
24 years$2,017$1,556$1,186$895$669$183
25 years$1,916$1,460$1,099$817$602$154
26 years$1,822$1,372$1,019$747$543$130
27 years$1,736$1,292$946$684$489$109
28 years$1,656$1,217$880$627$441$92
29 years$1,582$1,148$819$575$399$78
30 years$1,512$1,084$762$527$360$65
31 years$1,448$1,025$711$484$326$55
32 years$1,387$970$663$445$295$47
33 years$1,331$918$619$409$267$39
34 years$1,277$870$579$377$241$33
35 years$1,227$826$541$347$219$28
36 years$1,180$784$506$319$198$24
37 years$1,136$744$474$294$180$20
38 years$1,093$707$444$271$163$17
39 years$1,054$673$416$250$148$14
40 years$1,016$640$389$231$134$12
41 years$980$609$365$213$121$10
42 years$946$580$343$196$110$8
43 years$914$553$321$181$100$7
44 years$883$527$302$167$91$6
45 years$853$502$283$155$82$5
46 years$825$479$266$143$75$4
47 years$799$457$250$132$68$4
48 years$773$437$235$122$62$3
49 years$749$417$221$113$56$3
50 years$725$398$208$104$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $743,000, adding $6,873 every year, while hoping to spend $22,431 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: 36/34/30 Blend
50$743,000$743,000$743,000$743,000
51$825,875$786,496$774,980$847,986
52$886,248$801,168$777,075$879,783
53$952,028$815,807$778,489$911,586
54$1,023,741$830,388$779,175$945,499
55$1,101,969$844,884$779,084$981,726
56$1,187,351$859,264$778,164$1,020,495
57$1,280,591$873,499$776,363$1,062,057
58$1,382,463$887,552$773,624$1,106,691
59$1,493,821$901,389$769,887$1,154,703
60$1,615,604$914,970$765,091$1,206,432
61$1,748,845$928,253$759,170$1,262,254
62$1,894,682$941,193$752,058$1,322,584
63$2,054,370$953,741$743,682$1,387,879
64$2,229,289$965,847$733,968$1,458,646
65$2,420,958$977,456$722,838$1,535,443
66$2,631,053$988,508$710,210$1,618,890
67$2,861,416$998,941$695,999$1,709,668
68$3,114,080$1,008,689$680,114$1,808,532
69$3,391,280$1,017,679$662,462$1,916,315
70$3,695,482$1,025,836$642,945$2,033,937
71$4,029,398$1,033,078$621,461$2,162,413
72$4,396,018$1,039,321$597,901$2,302,867
73$4,798,635$1,044,471$572,154$2,456,536
74$5,240,878$1,048,432$544,103$2,624,789
75$5,726,742$1,051,099$513,625$2,809,137
76$6,260,630$1,052,363$480,592$3,011,247
77$6,847,391$1,052,107$444,869$3,232,960
78$7,492,370$1,050,205$406,317$3,476,309
79$8,201,453$1,046,527$364,790$3,743,535
80$8,981,126$1,040,931$320,135$4,037,116
81$9,838,534$1,033,269$272,193$4,359,784
82$10,781,549$1,023,384$220,796$4,714,553
83$11,818,846$1,011,109$165,771$5,104,751
84$12,959,981$996,266$106,937$5,534,051
85$14,215,483$978,667$44,103$6,006,505
86$15,596,954$958,113$0$6,526,581
87$17,117,177$934,395$0$7,106,560
88$18,790,237$907,288$0$7,760,080
89$20,631,654$876,558$0$8,479,080
90$22,658,526$841,952$0$9,270,254
91$24,889,696$803,209$0$10,140,983
92$27,345,926$760,046$0$11,099,403
93$30,050,091$712,170$0$12,154,483
94$33,027,400$659,266$0$13,316,111
95$36,305,630$601,004$0$14,595,188
96$39,915,385$537,035$0$16,003,732
97$43,890,393$466,988$0$17,554,988
98$48,267,817$390,474$0$19,263,561
99$53,088,606$307,080$0$21,145,550
100$58,397,887$216,369$0$23,218,698