Can I retire at age 51 with 746,000?

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 $746,000?

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$61,604$61,055$60,520$59,997$59,487$57,195
2 years$30,497$29,929$29,379$28,845$28,327$26,045
3 years$20,129$19,559$19,010$18,481$17,972$15,772
4 years$14,947$14,378$13,834$13,315$12,818$10,716
5 years$11,838$11,272$10,736$10,227$9,744$7,747
6 years$9,766$9,205$8,676$8,179$7,710$5,818
7 years$8,286$7,730$7,210$6,724$6,270$4,483
8 years$7,177$6,626$6,115$5,641$5,202$3,518
9 years$6,315$5,769$5,267$4,805$4,381$2,798
10 years$5,626$5,085$4,592$4,142$3,733$2,247
11 years$5,062$4,527$4,042$3,604$3,210$1,819
12 years$4,593$4,063$3,587$3,162$2,782$1,482
13 years$4,196$3,672$3,205$2,791$2,426$1,213
14 years$3,857$3,338$2,880$2,478$2,126$996
15 years$3,562$3,049$2,600$2,210$1,872$821
16 years$3,305$2,798$2,357$1,979$1,655$678
17 years$3,078$2,576$2,145$1,778$1,467$562
18 years$2,877$2,381$1,958$1,602$1,305$466
19 years$2,697$2,206$1,793$1,448$1,163$387
20 years$2,535$2,050$1,645$1,311$1,039$322
21 years$2,389$1,910$1,513$1,190$929$268
22 years$2,257$1,783$1,395$1,082$833$223
23 years$2,136$1,667$1,288$985$748$186
24 years$2,025$1,562$1,191$899$672$155
25 years$1,923$1,466$1,103$821$605$129
26 years$1,830$1,378$1,023$750$545$108
27 years$1,743$1,297$950$687$491$90
28 years$1,663$1,222$883$629$443$75
29 years$1,588$1,153$822$577$400$63
30 years$1,519$1,089$766$530$362$52
31 years$1,454$1,029$714$486$327$44
32 years$1,393$974$666$447$296$37
33 years$1,336$922$622$411$268$31
34 years$1,283$874$581$378$242$26
35 years$1,232$829$543$348$219$21
36 years$1,185$787$508$321$199$18
37 years$1,140$747$476$295$180$15
38 years$1,098$710$445$272$163$12
39 years$1,058$675$417$251$148$10
40 years$1,020$643$391$232$134$9
41 years$984$612$367$214$122$7
42 years$950$582$344$197$111$6
43 years$917$555$323$182$100$5
44 years$886$529$303$168$91$4
45 years$857$504$284$155$83$4
46 years$829$481$267$143$75$3
47 years$802$459$251$132$68$2
48 years$776$438$236$122$62$2
49 years$752$419$222$113$56$2
50 years$728$400$208$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $746,000, adding $2,309 every year, while hoping to spend $55,876 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: 87/7/6 Blend
50$746,000$746,000$746,000$746,000
51$824,474$784,936$773,373$895,826
52$849,118$763,946$739,829$921,656
53$874,404$740,055$703,289$942,055
54$900,337$713,062$663,593$962,656
55$926,923$682,753$620,575$983,440
56$954,165$648,904$574,060$1,004,382
57$982,066$611,276$523,867$1,025,455
58$1,010,626$569,618$469,806$1,046,631
59$1,039,843$523,662$411,678$1,067,877
60$1,069,714$473,128$349,275$1,089,153
61$1,100,231$417,718$282,383$1,110,421
62$1,131,385$357,117$210,773$1,131,632
63$1,163,164$290,993$134,211$1,152,737
64$1,195,549$218,994$52,450$1,173,678
65$1,228,521$140,751$0$1,194,391
66$1,262,053$55,871$0$1,217,036
67$1,296,115$0$0$1,243,035
68$1,330,669$0$0$1,271,736
69$1,365,671$0$0$1,305,168
70$1,401,071$0$0$1,338,976
71$1,436,809$0$0$1,373,104
72$1,472,816$0$0$1,407,487
73$1,509,014$0$0$1,442,047
74$1,545,312$0$0$1,476,699
75$1,581,607$0$0$1,511,344
76$1,617,782$0$0$1,545,869
77$1,653,705$0$0$1,580,147
78$1,689,226$0$0$1,614,035
79$1,724,176$0$0$1,647,369
80$1,758,364$0$0$1,679,968
81$1,791,576$0$0$1,711,626
82$1,823,573$0$0$1,742,113
83$1,854,085$0$0$1,771,170
84$1,882,811$0$0$1,798,508
85$1,909,414$0$0$1,823,806
86$1,933,520$0$0$1,846,702
87$1,954,709$0$0$1,866,795
88$1,972,514$0$0$1,883,637
89$1,986,416$0$0$1,896,729
90$1,995,836$0$0$1,905,517
91$2,000,131$0$0$1,909,384
92$1,998,587$0$0$1,907,644
93$1,990,411$0$0$1,899,538
94$1,974,721$0$0$1,884,220
95$1,950,542$0$0$1,860,754
96$1,916,790$0$0$1,828,102
97$1,872,265$0$0$1,785,112
98$1,815,637$0$0$1,730,508
99$1,745,434$0$0$1,662,880
100$1,660,026$0$0$1,580,663