Can I retire at age 51 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$61,687$61,137$60,601$60,078$59,567$57,453
2 years$30,538$29,969$29,418$28,884$28,365$26,258
3 years$20,156$19,585$19,035$18,506$17,996$15,962
4 years$14,967$14,397$13,853$13,333$12,835$10,890
5 years$11,854$11,288$10,750$10,241$9,757$7,905
6 years$9,779$9,217$8,688$8,190$7,720$5,963
7 years$8,298$7,741$7,220$6,733$6,279$4,616
8 years$7,187$6,635$6,123$5,648$5,209$3,640
9 years$6,324$5,777$5,274$4,811$4,387$2,909
10 years$5,634$5,092$4,598$4,147$3,738$2,348
11 years$5,069$4,533$4,048$3,609$3,214$1,911
12 years$4,599$4,069$3,592$3,166$2,786$1,565
13 years$4,202$3,677$3,209$2,795$2,429$1,288
14 years$3,862$3,342$2,884$2,481$2,129$1,064
15 years$3,567$3,053$2,604$2,213$1,875$882
16 years$3,309$2,801$2,361$1,981$1,657$733
17 years$3,082$2,580$2,148$1,780$1,469$610
18 years$2,881$2,384$1,961$1,604$1,306$509
19 years$2,701$2,209$1,795$1,450$1,164$425
20 years$2,539$2,053$1,647$1,313$1,040$356
21 years$2,392$1,912$1,515$1,191$931$298
22 years$2,260$1,785$1,397$1,083$834$250
23 years$2,139$1,670$1,289$987$749$209
24 years$2,028$1,564$1,193$900$673$176
25 years$1,926$1,468$1,105$822$606$148
26 years$1,832$1,380$1,024$751$546$124
27 years$1,745$1,298$951$688$492$104
28 years$1,665$1,224$884$630$444$88
29 years$1,590$1,154$823$578$401$74
30 years$1,521$1,090$767$530$362$62
31 years$1,456$1,030$715$487$327$52
32 years$1,395$975$667$448$296$44
33 years$1,338$923$623$412$268$37
34 years$1,284$875$582$379$243$31
35 years$1,234$830$544$349$220$26
36 years$1,186$788$509$321$199$22
37 years$1,142$748$476$296$180$18
38 years$1,099$711$446$273$164$16
39 years$1,059$676$418$251$148$13
40 years$1,021$643$392$232$135$11
41 years$985$612$367$214$122$9
42 years$951$583$344$197$111$8
43 years$919$556$323$182$101$7
44 years$888$530$303$168$91$6
45 years$858$505$285$155$83$5
46 years$830$482$268$144$75$4
47 years$803$460$251$133$68$3
48 years$777$439$236$123$62$3
49 years$753$419$222$113$56$2
50 years$729$400$209$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $747,000, adding $6,206 every year, while hoping to spend $46,140 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: 48/47/5 Blend
50$747,000$747,000$747,000$747,000
51$829,595$790,004$778,426$868,072
52$865,122$779,622$755,411$884,644
53$902,725$767,185$730,078$897,208
54$942,569$752,542$702,301$909,746
55$984,831$735,538$671,949$922,270
56$1,029,707$716,002$638,882$934,793
57$1,077,410$693,759$602,958$947,332
58$1,128,173$668,620$564,024$959,910
59$1,182,250$640,386$521,922$972,556
60$1,239,923$608,848$476,490$985,307
61$1,301,496$573,782$427,553$998,206
62$1,367,305$534,954$374,932$1,011,304
63$1,437,718$492,115$318,440$1,024,665
64$1,513,137$445,001$257,881$1,038,361
65$1,594,006$393,335$193,049$1,052,480
66$1,680,810$336,823$123,730$1,067,121
67$1,774,080$275,155$49,703$1,082,404
68$1,874,401$208,002$0$1,098,462
69$1,982,415$135,019$0$1,117,016
70$2,098,826$55,840$0$1,139,613
71$2,224,409$0$0$1,163,817
72$2,360,013$0$0$1,205,353
73$2,506,574$0$0$1,281,524
74$2,665,117$0$0$1,363,990
75$2,836,773$0$0$1,453,348
76$3,022,782$0$0$1,550,252
77$3,224,508$0$0$1,655,424
78$3,443,452$0$0$1,769,655
79$3,681,266$0$0$1,893,817
80$3,939,763$0$0$2,028,869
81$4,220,942$0$0$2,175,866
82$4,527,000$0$0$2,335,968
83$4,860,355$0$0$2,510,452
84$5,223,668$0$0$2,700,725
85$5,619,866$0$0$2,908,333
86$6,052,173$0$0$3,134,979
87$6,524,137$0$0$3,382,538
88$7,039,662$0$0$3,653,073
89$7,603,047$0$0$3,948,857
90$8,219,027$0$0$4,272,390
91$8,892,810$0$0$4,626,428
92$9,630,137$0$0$5,014,002
93$10,437,323$0$0$5,438,453
94$11,321,328$0$0$5,903,458
95$12,289,812$0$0$6,413,068
96$13,351,213$0$0$6,971,743
97$14,514,824$0$0$7,584,395
98$15,790,879$0$0$8,256,436
99$17,190,652$0$0$8,993,827
100$18,726,559$0$0$9,803,130