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%12.4%
1 years$61,439$60,892$60,358$59,836$59,328$58,732
2 years$30,415$29,849$29,300$28,768$28,251$27,652
3 years$20,075$19,507$18,959$18,432$17,924$17,339
4 years$14,907$14,339$13,797$13,279$12,783$12,217
5 years$11,806$11,242$10,707$10,200$9,718$9,172
6 years$9,740$9,180$8,653$8,157$7,689$7,165
7 years$8,264$7,709$7,191$6,706$6,253$5,750
8 years$7,158$6,608$6,098$5,626$5,188$4,706
9 years$6,298$5,754$5,252$4,792$4,369$3,908
10 years$5,611$5,072$4,579$4,130$3,723$3,283
11 years$5,049$4,515$4,031$3,595$3,202$2,782
12 years$4,581$4,052$3,578$3,153$2,774$2,375
13 years$4,185$3,662$3,197$2,784$2,419$2,040
14 years$3,846$3,329$2,872$2,471$2,121$1,760
15 years$3,553$3,041$2,593$2,204$1,867$1,525
16 years$3,296$2,790$2,351$1,973$1,650$1,327
17 years$3,070$2,570$2,139$1,773$1,463$1,157
18 years$2,869$2,374$1,953$1,598$1,301$1,012
19 years$2,690$2,201$1,788$1,444$1,160$886
20 years$2,529$2,045$1,641$1,308$1,036$778
21 years$2,383$1,905$1,509$1,187$927$684
22 years$2,251$1,778$1,391$1,079$831$603
23 years$2,130$1,663$1,284$983$746$531
24 years$2,020$1,558$1,188$896$670$469
25 years$1,918$1,462$1,100$818$603$414
26 years$1,825$1,374$1,020$748$543$366
27 years$1,738$1,293$947$685$490$324
28 years$1,658$1,219$881$628$442$287
29 years$1,584$1,150$820$576$399$254
30 years$1,514$1,086$763$528$361$225
31 years$1,450$1,026$712$485$326$200
32 years$1,389$971$664$446$295$177
33 years$1,332$920$620$410$267$157
34 years$1,279$872$579$377$242$139
35 years$1,229$827$542$347$219$124
36 years$1,182$785$507$320$198$110
37 years$1,137$745$474$295$180$98
38 years$1,095$708$444$272$163$87
39 years$1,055$674$416$250$148$77
40 years$1,017$641$390$231$134$69
41 years$981$610$366$213$122$61
42 years$947$581$343$197$110$54
43 years$915$553$322$182$100$48
44 years$884$528$302$168$91$43
45 years$855$503$284$155$83$38
46 years$827$480$266$143$75$34
47 years$800$458$250$132$68$30
48 years$774$437$235$122$62$27
49 years$750$418$221$113$56$24
50 years$726$399$208$104$51$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $744,000, adding $6,296 every year, while hoping to spend $33,008 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: 44/33/23 Blend
50$744,000$744,000$744,000$744,000
51$826,382$786,950$775,418$856,989
52$875,553$790,391$766,275$882,710
53$928,633$792,893$755,718$906,880
54$985,986$794,377$743,667$932,417
55$1,048,012$794,757$730,035$959,464
56$1,115,150$793,941$714,732$988,182
57$1,187,884$791,833$697,665$1,018,748
58$1,266,745$788,330$678,733$1,051,362
59$1,352,317$783,322$657,835$1,086,245
60$1,445,243$776,695$634,862$1,123,642
61$1,546,230$768,325$609,702$1,163,828
62$1,656,055$758,082$582,237$1,207,106
63$1,775,573$745,829$552,342$1,253,814
64$1,905,726$731,419$519,891$1,304,328
65$2,047,550$714,698$484,747$1,359,064
66$2,202,184$695,503$446,770$1,418,484
67$2,370,883$673,659$405,813$1,483,103
68$2,555,028$648,983$361,722$1,553,490
69$2,756,139$621,280$314,337$1,630,276
70$2,975,888$590,346$263,491$1,714,162
71$3,216,119$555,963$209,008$1,805,924
72$3,478,858$517,901$150,705$1,906,424
73$3,766,340$475,917$88,392$2,016,614
74$4,081,024$429,753$21,870$2,137,550
75$4,425,616$379,139$0$2,270,403
76$4,803,099$323,787$0$2,428,522
77$5,216,757$263,394$0$2,607,796
78$5,670,205$197,640$0$2,804,496
79$6,167,428$126,186$0$3,020,436
80$6,712,811$48,674$0$3,257,617
81$7,311,187$0$0$3,518,253
82$7,967,878$0$0$3,817,593
83$8,688,746$0$0$4,165,683
84$9,480,250$0$0$4,547,977
85$10,349,502$0$0$4,967,922
86$11,304,339$0$0$5,429,318
87$12,353,394$0$0$5,936,348
88$13,506,178$0$0$6,493,622
89$14,773,166$0$0$7,106,219
90$16,165,902$0$0$7,779,733
91$17,697,102$0$0$8,520,330
92$19,380,776$0$0$9,334,799
93$21,232,360$0$0$10,230,625
94$23,268,859$0$0$11,216,051
95$25,509,012$0$0$12,300,160
96$27,973,463$0$0$13,492,960
97$30,684,957$0$0$14,805,479
98$33,668,557$0$0$16,249,866
99$36,951,877$0$0$17,839,508
100$40,565,343$0$0$19,589,158