Can I retire at age 51 with 746,000?

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 $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%16.4%
1 years$61,604$61,055$60,520$59,997$59,487$57,932
2 years$30,497$29,929$29,379$28,845$28,327$26,771
3 years$20,129$19,559$19,010$18,481$17,972$16,463
4 years$14,947$14,378$13,834$13,315$12,818$11,368
5 years$11,838$11,272$10,736$10,227$9,744$8,357
6 years$9,766$9,205$8,676$8,179$7,710$6,388
7 years$8,286$7,730$7,210$6,724$6,270$5,013
8 years$7,177$6,626$6,115$5,641$5,202$4,009
9 years$6,315$5,769$5,267$4,805$4,381$3,251
10 years$5,626$5,085$4,592$4,142$3,733$2,664
11 years$5,062$4,527$4,042$3,604$3,210$2,202
12 years$4,593$4,063$3,587$3,162$2,782$1,832
13 years$4,196$3,672$3,205$2,791$2,426$1,532
14 years$3,857$3,338$2,880$2,478$2,126$1,287
15 years$3,562$3,049$2,600$2,210$1,872$1,085
16 years$3,305$2,798$2,357$1,979$1,655$917
17 years$3,078$2,576$2,145$1,778$1,467$778
18 years$2,877$2,381$1,958$1,602$1,305$660
19 years$2,697$2,206$1,793$1,448$1,163$562
20 years$2,535$2,050$1,645$1,311$1,039$479
21 years$2,389$1,910$1,513$1,190$929$408
22 years$2,257$1,783$1,395$1,082$833$349
23 years$2,136$1,667$1,288$985$748$298
24 years$2,025$1,562$1,191$899$672$255
25 years$1,923$1,466$1,103$821$605$218
26 years$1,830$1,378$1,023$750$545$187
27 years$1,743$1,297$950$687$491$160
28 years$1,663$1,222$883$629$443$137
29 years$1,588$1,153$822$577$400$118
30 years$1,519$1,089$766$530$362$101
31 years$1,454$1,029$714$486$327$87
32 years$1,393$974$666$447$296$74
33 years$1,336$922$622$411$268$64
34 years$1,283$874$581$378$242$55
35 years$1,232$829$543$348$219$47
36 years$1,185$787$508$321$199$40
37 years$1,140$747$476$295$180$35
38 years$1,098$710$445$272$163$30
39 years$1,058$675$417$251$148$26
40 years$1,020$643$391$232$134$22
41 years$984$612$367$214$122$19
42 years$950$582$344$197$111$16
43 years$917$555$323$182$100$14
44 years$886$529$303$168$91$12
45 years$857$504$284$155$83$10
46 years$829$481$267$143$75$9
47 years$802$459$251$132$68$8
48 years$776$438$236$122$62$6
49 years$752$419$222$113$56$6
50 years$728$400$208$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $746,000, adding $2,239 every year, while hoping to spend $29,065 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: 66/5/29 Blend
50$746,000$746,000$746,000$746,000
51$824,402$784,864$773,301$872,356
52$877,566$792,397$768,281$912,556
53$935,178$799,325$762,120$953,053
54$997,662$805,588$754,747$996,697
55$1,065,484$811,122$746,090$1,043,803
56$1,139,154$815,857$736,075$1,094,716
57$1,219,235$819,722$724,621$1,149,819
58$1,306,347$822,639$711,646$1,209,531
59$1,401,171$824,525$697,063$1,274,320
60$1,504,457$825,293$680,781$1,344,699
61$1,617,030$824,850$662,705$1,421,234
62$1,739,797$823,098$642,736$1,504,550
63$1,873,758$819,932$620,770$1,595,339
64$2,020,013$815,240$596,697$1,694,361
65$2,179,773$808,905$570,405$1,802,457
66$2,354,370$800,802$541,774$1,920,555
67$2,545,273$790,798$510,680$2,049,678
68$2,754,096$778,753$476,993$2,190,954
69$2,982,620$764,517$440,578$2,345,630
70$3,232,802$747,934$401,293$2,515,080
71$3,506,800$728,835$358,988$2,700,819
72$3,806,990$707,044$313,511$2,904,519
73$4,135,989$682,375$264,699$3,128,027
74$4,496,676$654,628$212,383$3,373,376
75$4,892,227$623,594$156,388$3,642,810
76$5,326,136$589,052$96,528$3,938,806
77$5,802,253$550,767$32,613$4,264,094
78$6,324,818$508,490$0$4,621,685
79$6,898,504$461,960$0$5,025,915
80$7,528,454$410,900$0$5,480,917
81$8,220,339$355,016$0$5,980,696
82$8,980,401$293,999$0$6,529,776
83$9,815,519$227,522$0$7,133,144
84$10,733,271$155,240$0$7,796,291
85$11,742,007$76,789$0$8,525,271
86$12,850,922$0$0$9,326,752
87$14,070,151$0$0$10,208,534
88$15,410,856$0$0$11,182,869
89$16,885,339$0$0$12,254,479
90$18,507,149$0$0$13,433,217
91$20,291,219$0$0$14,729,943
92$22,253,999$0$0$16,156,622
93$24,413,614$0$0$17,726,435
94$26,790,035$0$0$19,453,906
95$29,405,268$0$0$21,355,040
96$32,283,558$0$0$23,447,470
97$35,451,621$0$0$25,750,626
98$38,938,893$0$0$28,285,916
99$42,777,809$0$0$31,076,931
100$47,004,111$0$0$34,149,663