Can I retire at age 51 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$61,439$60,892$60,358$59,836$59,328$58,611
2 years$30,415$29,849$29,300$28,768$28,251$27,530
3 years$20,075$19,507$18,959$18,432$17,924$17,220
4 years$14,907$14,339$13,797$13,279$12,783$12,103
5 years$11,806$11,242$10,707$10,200$9,718$9,062
6 years$9,740$9,180$8,653$8,157$7,689$7,060
7 years$8,264$7,709$7,191$6,706$6,253$5,650
8 years$7,158$6,608$6,098$5,626$5,188$4,611
9 years$6,298$5,754$5,252$4,792$4,369$3,818
10 years$5,611$5,072$4,579$4,130$3,723$3,197
11 years$5,049$4,515$4,031$3,595$3,202$2,702
12 years$4,581$4,052$3,578$3,153$2,774$2,299
13 years$4,185$3,662$3,197$2,784$2,419$1,968
14 years$3,846$3,329$2,872$2,471$2,121$1,693
15 years$3,553$3,041$2,593$2,204$1,867$1,462
16 years$3,296$2,790$2,351$1,973$1,650$1,267
17 years$3,070$2,570$2,139$1,773$1,463$1,101
18 years$2,869$2,374$1,953$1,598$1,301$959
19 years$2,690$2,201$1,788$1,444$1,160$838
20 years$2,529$2,045$1,641$1,308$1,036$733
21 years$2,383$1,905$1,509$1,187$927$642
22 years$2,251$1,778$1,391$1,079$831$563
23 years$2,130$1,663$1,284$983$746$494
24 years$2,020$1,558$1,188$896$670$435
25 years$1,918$1,462$1,100$818$603$383
26 years$1,825$1,374$1,020$748$543$337
27 years$1,738$1,293$947$685$490$297
28 years$1,658$1,219$881$628$442$262
29 years$1,584$1,150$820$576$399$231
30 years$1,514$1,086$763$528$361$204
31 years$1,450$1,026$712$485$326$180
32 years$1,389$971$664$446$295$159
33 years$1,332$920$620$410$267$140
34 years$1,279$872$579$377$242$124
35 years$1,229$827$542$347$219$110
36 years$1,182$785$507$320$198$97
37 years$1,137$745$474$295$180$86
38 years$1,095$708$444$272$163$76
39 years$1,055$674$416$250$148$67
40 years$1,017$641$390$231$134$59
41 years$981$610$366$213$122$53
42 years$947$581$343$197$110$47
43 years$915$553$322$182$100$41
44 years$884$528$302$168$91$36
45 years$855$503$284$155$83$32
46 years$827$480$266$143$75$29
47 years$800$458$250$132$68$25
48 years$774$437$235$122$62$22
49 years$750$418$221$113$56$20
50 years$726$399$208$104$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $744,000, adding $5,311 every year, while hoping to spend $50,001 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: 82/10/8 Blend
50$744,000$744,000$744,000$744,000
51$825,366$785,934$774,402$891,806
52$856,353$771,244$747,144$921,365
53$888,824$754,159$717,297$946,601
54$922,879$734,508$684,721$972,777
55$958,625$712,110$649,271$999,960
56$996,177$686,776$610,794$1,028,223
57$1,035,663$658,304$569,132$1,057,645
58$1,077,219$626,479$524,116$1,088,315
59$1,120,995$591,077$475,574$1,120,330
60$1,167,155$551,857$423,323$1,153,797
61$1,215,874$508,568$367,175$1,188,835
62$1,267,348$460,943$306,930$1,225,574
63$1,321,787$408,698$242,381$1,264,159
64$1,379,422$351,537$173,313$1,304,748
65$1,440,504$289,143$99,500$1,347,518
66$1,505,308$221,184$20,707$1,392,663
67$1,574,136$147,308$0$1,440,397
68$1,647,315$67,144$0$1,496,369
69$1,725,206$0$0$1,557,668
70$1,808,203$0$0$1,625,005
71$1,896,736$0$0$1,704,725
72$1,991,279$0$0$1,789,867
73$2,092,349$0$0$1,880,898
74$2,200,515$0$0$1,978,331
75$2,316,397$0$0$2,082,727
76$2,440,680$0$0$2,194,705
77$2,574,112$0$0$2,314,939
78$2,717,515$0$0$2,444,173
79$2,871,792$0$0$2,583,222
80$3,037,933$0$0$2,732,981
81$3,217,027$0$0$2,894,433
82$3,410,269$0$0$3,068,657
83$3,618,973$0$0$3,256,841
84$3,844,582$0$0$3,460,288
85$4,088,681$0$0$3,680,430
86$4,353,016$0$0$3,918,844
87$4,639,501$0$0$4,177,260
88$4,950,247$0$0$4,457,584
89$5,287,570$0$0$4,761,910
90$5,654,021$0$0$5,092,541
91$6,052,404$0$0$5,452,011
92$6,485,805$0$0$5,843,108
93$6,957,619$0$0$6,268,899
94$7,471,581$0$0$6,732,760
95$8,031,801$0$0$7,238,404
96$8,642,806$0$0$7,789,919
97$9,309,572$0$0$8,391,804
98$10,037,584$0$0$9,049,012
99$10,832,872$0$0$9,766,994
100$11,702,082$0$0$10,551,753