Can I retire at age 51 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$61,521$60,973$60,439$59,917$59,407$57,118
2 years$30,456$29,889$29,339$28,806$28,289$26,010
3 years$20,102$19,533$18,984$18,456$17,948$15,751
4 years$14,927$14,359$13,816$13,297$12,801$10,702
5 years$11,822$11,257$10,722$10,213$9,731$7,736
6 years$9,753$9,192$8,665$8,168$7,700$5,810
7 years$8,275$7,720$7,200$6,715$6,262$4,477
8 years$7,168$6,617$6,106$5,633$5,195$3,513
9 years$6,307$5,762$5,260$4,798$4,375$2,794
10 years$5,619$5,079$4,585$4,136$3,728$2,244
11 years$5,056$4,521$4,037$3,600$3,206$1,817
12 years$4,587$4,058$3,583$3,157$2,778$1,480
13 years$4,191$3,667$3,201$2,787$2,423$1,211
14 years$3,851$3,333$2,876$2,474$2,124$995
15 years$3,558$3,045$2,597$2,207$1,870$820
16 years$3,301$2,794$2,354$1,976$1,653$677
17 years$3,074$2,573$2,142$1,775$1,465$561
18 years$2,873$2,378$1,956$1,600$1,303$465
19 years$2,694$2,203$1,790$1,446$1,161$386
20 years$2,532$2,048$1,643$1,309$1,037$321
21 years$2,386$1,907$1,511$1,188$928$267
22 years$2,254$1,780$1,393$1,080$832$223
23 years$2,133$1,665$1,286$984$747$186
24 years$2,022$1,560$1,189$897$671$155
25 years$1,921$1,464$1,102$820$604$129
26 years$1,827$1,376$1,022$749$544$108
27 years$1,741$1,295$949$686$491$90
28 years$1,660$1,220$882$628$443$75
29 years$1,586$1,151$821$576$400$63
30 years$1,516$1,087$764$529$361$52
31 years$1,452$1,028$713$486$327$44
32 years$1,391$972$665$446$295$37
33 years$1,334$921$621$411$267$31
34 years$1,281$873$580$378$242$26
35 years$1,231$828$542$348$219$21
36 years$1,183$786$507$320$199$18
37 years$1,139$746$475$295$180$15
38 years$1,096$709$445$272$163$12
39 years$1,056$674$417$251$148$10
40 years$1,019$642$391$231$134$9
41 years$983$611$366$213$122$7
42 years$948$582$343$197$110$6
43 years$916$554$322$182$100$5
44 years$885$528$303$168$91$4
45 years$856$504$284$155$83$4
46 years$828$481$267$143$75$3
47 years$801$459$251$132$68$2
48 years$775$438$236$122$62$2
49 years$751$418$221$113$56$2
50 years$727$399$208$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $745,000, adding $2,254 every year, while hoping to spend $42,283 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: 45/33/22 Blend
50$745,000$745,000$745,000$745,000
51$823,315$783,830$772,283$855,053
52$862,304$777,249$753,165$871,048
53$903,853$768,928$731,990$884,056
54$948,179$758,738$708,644$897,303
55$995,517$746,541$683,008$910,831
56$1,046,129$732,190$654,958$924,692
57$1,100,299$715,532$624,364$938,944
58$1,158,340$696,403$591,090$953,654
59$1,220,593$674,630$554,995$968,900
60$1,287,436$650,029$515,929$984,771
61$1,359,281$622,406$473,739$1,001,370
62$1,436,580$591,557$428,262$1,018,813
63$1,519,831$557,263$379,328$1,037,234
64$1,609,581$519,296$326,763$1,056,784
65$1,706,429$477,412$270,380$1,077,635
66$1,811,034$431,355$209,987$1,099,981
67$1,924,122$380,854$145,384$1,124,043
68$2,046,488$325,621$76,360$1,150,067
69$2,179,007$265,354$2,696$1,178,333
70$2,322,643$199,733$0$1,209,157
71$2,478,452$128,421$0$1,260,712
72$2,647,600$51,059$0$1,317,408
73$2,831,366$0$0$1,379,117
74$3,031,158$0$0$1,458,282
75$3,248,524$0$0$1,564,661
76$3,485,170$0$0$1,680,556
77$3,742,971$0$0$1,806,895
78$4,023,990$0$0$1,944,702
79$4,330,499$0$0$2,095,100
80$4,664,999$0$0$2,259,327
81$5,030,239$0$0$2,438,748
82$5,429,251$0$0$2,634,862
83$5,865,369$0$0$2,849,321
84$6,342,264$0$0$3,083,945
85$6,863,980$0$0$3,340,736
86$7,434,966$0$0$3,621,901
87$8,060,126$0$0$3,929,867
88$8,744,856$0$0$4,267,309
89$9,495,099$0$0$4,637,173
90$10,317,404$0$0$5,042,703
91$11,218,978$0$0$5,487,472
92$12,207,762$0$0$5,975,416
93$13,292,503$0$0$6,510,869
94$14,482,833$0$0$7,098,606
95$15,789,363$0$0$7,743,886
96$17,223,782$0$0$8,452,503
97$18,798,964$0$0$9,230,840
98$20,529,093$0$0$10,085,927
99$22,429,794$0$0$11,025,509
100$24,518,277$0$0$12,058,119