Can I retire at age 51 with 744,000?

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 $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%14.6%
1 years$61,439$60,892$60,358$59,836$59,328$58,201
2 years$30,415$29,849$29,300$28,768$28,251$27,121
3 years$20,075$19,507$18,959$18,432$17,924$16,824
4 years$14,907$14,339$13,797$13,279$12,783$11,724
5 years$11,806$11,242$10,707$10,200$9,718$8,701
6 years$9,740$9,180$8,653$8,157$7,689$6,716
7 years$8,264$7,709$7,191$6,706$6,253$5,324
8 years$7,158$6,608$6,098$5,626$5,188$4,303
9 years$6,298$5,754$5,252$4,792$4,369$3,527
10 years$5,611$5,072$4,579$4,130$3,723$2,923
11 years$5,049$4,515$4,031$3,595$3,202$2,444
12 years$4,581$4,052$3,578$3,153$2,774$2,057
13 years$4,185$3,662$3,197$2,784$2,419$1,741
14 years$3,846$3,329$2,872$2,471$2,121$1,481
15 years$3,553$3,041$2,593$2,204$1,867$1,264
16 years$3,296$2,790$2,351$1,973$1,650$1,082
17 years$3,070$2,570$2,139$1,773$1,463$929
18 years$2,869$2,374$1,953$1,598$1,301$800
19 years$2,690$2,201$1,788$1,444$1,160$690
20 years$2,529$2,045$1,641$1,308$1,036$596
21 years$2,383$1,905$1,509$1,187$927$515
22 years$2,251$1,778$1,391$1,079$831$446
23 years$2,130$1,663$1,284$983$746$387
24 years$2,020$1,558$1,188$896$670$335
25 years$1,918$1,462$1,100$818$603$291
26 years$1,825$1,374$1,020$748$543$253
27 years$1,738$1,293$947$685$490$220
28 years$1,658$1,219$881$628$442$191
29 years$1,584$1,150$820$576$399$166
30 years$1,514$1,086$763$528$361$145
31 years$1,450$1,026$712$485$326$126
32 years$1,389$971$664$446$295$110
33 years$1,332$920$620$410$267$96
34 years$1,279$872$579$377$242$83
35 years$1,229$827$542$347$219$73
36 years$1,182$785$507$320$198$63
37 years$1,137$745$474$295$180$55
38 years$1,095$708$444$272$163$48
39 years$1,055$674$416$250$148$42
40 years$1,017$641$390$231$134$37
41 years$981$610$366$213$122$32
42 years$947$581$343$197$110$28
43 years$915$553$322$182$100$24
44 years$884$528$302$168$91$21
45 years$855$503$284$155$83$18
46 years$827$480$266$143$75$16
47 years$800$458$250$132$68$14
48 years$774$437$235$122$62$12
49 years$750$418$221$113$56$11
50 years$726$399$208$104$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $744,000, adding $3,763 every year, while hoping to spend $20,383 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: 60/22/18 Blend
50$744,000$744,000$744,000$744,000
51$823,770$784,338$772,806$869,148
52$886,107$801,083$777,007$917,006
53$954,119$817,965$780,666$966,606
54$1,028,364$834,970$783,744$1,020,249
55$1,109,455$852,082$786,197$1,078,328
56$1,198,068$869,282$787,983$1,141,279
57$1,294,945$886,552$789,055$1,209,580
58$1,400,907$903,870$789,365$1,283,758
59$1,516,854$921,214$788,863$1,364,396
60$1,643,778$938,559$787,496$1,452,133
61$1,782,773$955,878$785,207$1,547,676
62$1,935,043$973,143$781,938$1,651,803
63$2,101,913$990,322$777,628$1,765,373
64$2,284,842$1,007,382$772,213$1,889,330
65$2,485,439$1,024,287$765,625$2,024,718
66$2,705,474$1,040,997$757,794$2,172,685
67$2,946,899$1,057,472$748,646$2,334,498
68$3,211,861$1,073,667$738,104$2,511,552
69$3,502,727$1,089,533$726,087$2,705,386
70$3,822,104$1,105,019$712,510$2,917,696
71$4,172,864$1,120,070$697,284$3,150,353
72$4,558,169$1,134,626$680,316$3,405,416
73$4,981,506$1,148,626$661,510$3,685,157
74$5,446,712$1,162,002$640,763$3,992,081
75$5,958,018$1,174,681$617,970$4,328,948
76$6,520,083$1,186,588$593,019$4,698,800
77$7,138,040$1,197,640$565,795$5,104,992
78$7,817,546$1,207,750$536,174$5,551,220
79$8,564,831$1,216,825$504,032$6,041,559
80$9,386,762$1,224,767$469,234$6,580,502
81$10,290,901$1,231,470$431,643$7,172,999
82$11,285,582$1,236,822$391,113$7,824,509
83$12,379,990$1,240,704$347,493$8,541,048
84$13,584,240$1,242,989$300,625$9,329,246
85$14,909,480$1,243,544$250,344$10,196,413
86$16,367,994$1,242,224$196,478$11,150,605
87$17,973,316$1,238,879$138,846$12,200,704
88$19,740,357$1,233,348$77,260$13,356,496
89$21,685,550$1,225,459$11,525$14,628,771
90$23,827,001$1,215,031$0$16,029,421
91$26,184,660$1,201,872$0$17,582,813
92$28,780,510$1,185,778$0$19,295,227
93$31,638,775$1,166,534$0$21,180,415
94$34,786,146$1,143,911$0$23,255,973
95$38,252,036$1,117,665$0$25,541,291
96$42,068,854$1,087,542$0$28,057,740
97$46,272,314$1,053,268$0$30,828,869
98$50,901,769$1,014,556$0$33,880,632
99$56,000,582$971,103$0$37,241,632
100$61,616,540$922,586$0$40,943,390