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%19.1%
1 years$61,439$60,892$60,358$59,836$59,328$57,154
2 years$30,415$29,849$29,300$28,768$28,251$26,086
3 years$20,075$19,507$18,959$18,432$17,924$15,835
4 years$14,907$14,339$13,797$13,279$12,783$10,786
5 years$11,806$11,242$10,707$10,200$9,718$7,818
6 years$9,740$9,180$8,653$8,157$7,689$5,888
7 years$8,264$7,709$7,191$6,706$6,253$4,550
8 years$7,158$6,608$6,098$5,626$5,188$3,581
9 years$6,298$5,754$5,252$4,792$4,369$2,856
10 years$5,611$5,072$4,579$4,130$3,723$2,302
11 years$5,049$4,515$4,031$3,595$3,202$1,869
12 years$4,581$4,052$3,578$3,153$2,774$1,528
13 years$4,185$3,662$3,197$2,784$2,419$1,255
14 years$3,846$3,329$2,872$2,471$2,121$1,034
15 years$3,553$3,041$2,593$2,204$1,867$855
16 years$3,296$2,790$2,351$1,973$1,650$709
17 years$3,070$2,570$2,139$1,773$1,463$589
18 years$2,869$2,374$1,953$1,598$1,301$491
19 years$2,690$2,201$1,788$1,444$1,160$409
20 years$2,529$2,045$1,641$1,308$1,036$341
21 years$2,383$1,905$1,509$1,187$927$285
22 years$2,251$1,778$1,391$1,079$831$238
23 years$2,130$1,663$1,284$983$746$200
24 years$2,020$1,558$1,188$896$670$167
25 years$1,918$1,462$1,100$818$603$140
26 years$1,825$1,374$1,020$748$543$117
27 years$1,738$1,293$947$685$490$98
28 years$1,658$1,219$881$628$442$82
29 years$1,584$1,150$820$576$399$69
30 years$1,514$1,086$763$528$361$58
31 years$1,450$1,026$712$485$326$49
32 years$1,389$971$664$446$295$41
33 years$1,332$920$620$410$267$34
34 years$1,279$872$579$377$242$29
35 years$1,229$827$542$347$219$24
36 years$1,182$785$507$320$198$20
37 years$1,137$745$474$295$180$17
38 years$1,095$708$444$272$163$14
39 years$1,055$674$416$250$148$12
40 years$1,017$641$390$231$134$10
41 years$981$610$366$213$122$8
42 years$947$581$343$197$110$7
43 years$915$553$322$182$100$6
44 years$884$528$302$168$91$5
45 years$855$503$284$155$83$4
46 years$827$480$266$143$75$4
47 years$800$458$250$132$68$3
48 years$774$437$235$122$62$2
49 years$750$418$221$113$56$2
50 years$726$399$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 $744,000, adding $4,639 every year, while hoping to spend $38,753 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: 33/48/19 Blend
50$744,000$744,000$744,000$744,000
51$824,673$785,241$773,709$846,911
52$867,557$782,485$758,395$861,035
53$913,516$778,295$741,270$872,359
54$962,823$772,560$722,231$883,748
55$1,015,778$765,162$701,172$895,233
56$1,072,708$755,976$677,983$906,848
57$1,133,975$744,870$652,546$918,635
58$1,199,974$731,702$624,740$930,643
59$1,271,141$716,325$594,438$942,930
60$1,347,954$698,581$561,508$955,565
61$1,430,936$678,303$525,810$968,627
62$1,520,666$655,313$487,198$982,210
63$1,617,776$629,427$445,523$996,420
64$1,722,966$600,445$400,624$1,011,380
65$1,837,000$568,158$352,336$1,027,230
66$1,960,722$532,346$300,487$1,044,133
67$2,095,058$492,774$244,896$1,062,272
68$2,241,029$449,194$185,375$1,081,856
69$2,399,755$401,346$121,726$1,103,123
70$2,572,471$348,953$53,745$1,126,342
71$2,760,534$291,722$0$1,151,818
72$2,965,437$229,346$0$1,183,708
73$3,188,826$161,498$0$1,230,462
74$3,432,510$87,835$0$1,281,658
75$3,698,479$7,992$0$1,337,837
76$3,988,927$0$0$1,399,602
77$4,306,267$0$0$1,509,045
78$4,653,154$0$0$1,633,399
79$5,032,515$0$0$1,769,506
80$5,447,571$0$0$1,918,536
81$5,901,866$0$0$2,081,776
82$6,399,308$0$0$2,260,643
83$6,944,195$0$0$2,456,701
84$7,541,263$0$0$2,671,669
85$8,195,728$0$0$2,907,443
86$8,913,334$0$0$3,166,107
87$9,700,408$0$0$3,449,962
88$10,563,918$0$0$3,761,539
89$11,511,538$0$0$4,103,626
90$12,551,725$0$0$4,479,297
91$13,693,789$0$0$4,891,934
92$14,947,991$0$0$5,345,266
93$16,325,630$0$0$5,843,401
94$17,839,156$0$0$6,390,862
95$19,502,283$0$0$6,992,635
96$21,330,121$0$0$7,654,210
97$23,339,315$0$0$8,381,638
98$25,548,202$0$0$9,181,585
99$27,976,986$0$0$10,061,394
100$30,647,927$0$0$11,029,158