Can I retire at age 51 with 743,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$61,356$60,810$60,277$59,756$59,248$58,411
2 years$30,374$29,809$29,260$28,729$28,213$27,371
3 years$20,048$19,480$18,933$18,407$17,900$17,079
4 years$14,886$14,320$13,779$13,261$12,766$11,974
5 years$11,790$11,227$10,693$10,186$9,705$8,942
6 years$9,727$9,168$8,641$8,146$7,679$6,948
7 years$8,253$7,699$7,181$6,697$6,245$5,545
8 years$7,149$6,600$6,090$5,618$5,181$4,512
9 years$6,290$5,746$5,245$4,785$4,363$3,725
10 years$5,603$5,065$4,573$4,125$3,718$3,110
11 years$5,042$4,509$4,026$3,590$3,197$2,620
12 years$4,575$4,047$3,573$3,149$2,771$2,222
13 years$4,179$3,657$3,192$2,780$2,416$1,896
14 years$3,841$3,324$2,868$2,468$2,118$1,625
15 years$3,548$3,037$2,590$2,201$1,865$1,399
16 years$3,292$2,786$2,348$1,971$1,648$1,208
17 years$3,066$2,566$2,136$1,771$1,461$1,046
18 years$2,865$2,371$1,950$1,596$1,299$908
19 years$2,686$2,198$1,785$1,442$1,158$790
20 years$2,525$2,042$1,639$1,306$1,034$689
21 years$2,380$1,902$1,507$1,185$926$601
22 years$2,248$1,776$1,389$1,078$830$525
23 years$2,127$1,661$1,283$981$745$459
24 years$2,017$1,556$1,186$895$669$402
25 years$1,916$1,460$1,099$817$602$353
26 years$1,822$1,372$1,019$747$543$309
27 years$1,736$1,292$946$684$489$272
28 years$1,656$1,217$880$627$441$238
29 years$1,582$1,148$819$575$399$210
30 years$1,512$1,084$762$527$360$184
31 years$1,448$1,025$711$484$326$162
32 years$1,387$970$663$445$295$143
33 years$1,331$918$619$409$267$125
34 years$1,277$870$579$377$241$110
35 years$1,227$826$541$347$219$97
36 years$1,180$784$506$319$198$86
37 years$1,136$744$474$294$180$75
38 years$1,093$707$444$271$163$66
39 years$1,054$673$416$250$148$58
40 years$1,016$640$389$231$134$52
41 years$980$609$365$213$121$45
42 years$946$580$343$196$110$40
43 years$914$553$321$181$100$35
44 years$883$527$302$167$91$31
45 years$853$502$283$155$82$27
46 years$825$479$266$143$75$24
47 years$799$457$250$132$68$21
48 years$773$437$235$122$62$19
49 years$749$417$221$113$56$17
50 years$725$398$208$104$51$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $743,000, adding $6,002 every year, while hoping to spend $20,444 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: 51/36/13 Blend
50$743,000$743,000$743,000$743,000
51$824,977$785,598$774,082$863,870
52$887,372$802,340$778,261$907,890
53$955,447$819,217$781,895$953,062
54$1,029,758$836,215$784,945$1,001,707
55$1,110,920$853,316$787,367$1,054,159
56$1,199,609$870,503$789,118$1,110,786
57$1,296,568$887,757$790,153$1,171,991
58$1,402,617$905,056$790,422$1,238,221
59$1,518,658$922,377$789,875$1,309,966
60$1,645,683$939,696$788,458$1,387,770
61$1,784,787$956,985$786,115$1,472,228
62$1,937,173$974,216$782,788$1,564,000
63$2,104,169$991,356$778,416$1,663,809
64$2,287,234$1,008,373$772,933$1,772,456
65$2,487,978$1,025,229$766,272$1,890,823
66$2,708,172$1,041,886$758,362$2,019,880
67$2,949,768$1,058,301$749,130$2,160,699
68$3,214,916$1,074,429$738,498$2,314,460
69$3,505,984$1,090,223$726,384$2,482,466
70$3,825,580$1,105,629$712,703$2,666,151
71$4,176,577$1,120,593$697,367$2,867,097
72$4,562,141$1,135,054$680,281$3,087,049
73$4,985,758$1,148,951$661,349$3,327,929
74$5,451,269$1,162,214$640,469$3,591,856
75$5,962,908$1,174,771$617,533$3,881,168
76$6,525,335$1,186,545$592,431$4,198,441
77$7,143,687$1,197,454$565,046$4,546,514
78$7,823,624$1,207,410$535,255$4,928,519
79$8,571,379$1,216,318$502,932$5,347,908
80$9,393,822$1,224,081$467,943$5,808,485
81$10,298,522$1,230,590$430,149$6,314,446
82$11,293,816$1,235,735$389,404$6,870,414
83$12,388,894$1,239,394$345,557$7,481,489
84$13,593,877$1,241,440$298,449$8,153,290
85$14,919,920$1,241,738$247,915$8,892,012
86$16,379,312$1,240,144$193,781$9,704,486
87$17,985,596$1,236,505$135,866$10,598,240
88$19,753,692$1,230,659$73,983$11,581,573
89$21,700,041$1,222,433$7,934$12,663,635
90$23,842,758$1,211,646$0$13,854,510
91$26,201,807$1,198,104$0$15,173,992
92$28,799,182$1,181,601$0$16,627,398
93$31,659,119$1,161,921$0$18,227,165
94$34,808,327$1,138,833$0$19,988,216
95$38,276,233$1,112,092$0$21,926,999
96$42,095,266$1,081,442$0$24,061,639
97$46,301,157$1,046,607$0$26,412,118
98$50,933,284$1,007,299$0$29,000,454
99$56,035,033$963,211$0$31,850,918
100$61,654,218$914,019$0$34,990,257