Can I retire at age 51 with 747,000?

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 $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%12.6%
1 years$61,687$61,137$60,601$60,078$59,567$58,920
2 years$30,538$29,969$29,418$28,884$28,365$27,714
3 years$20,156$19,585$19,035$18,506$17,996$17,361
4 years$14,967$14,397$13,853$13,333$12,835$12,220
5 years$11,854$11,288$10,750$10,241$9,757$9,165
6 years$9,779$9,217$8,688$8,190$7,720$7,151
7 years$8,298$7,741$7,220$6,733$6,279$5,733
8 years$7,187$6,635$6,123$5,648$5,209$4,687
9 years$6,324$5,777$5,274$4,811$4,387$3,888
10 years$5,634$5,092$4,598$4,147$3,738$3,261
11 years$5,069$4,533$4,048$3,609$3,214$2,761
12 years$4,599$4,069$3,592$3,166$2,786$2,354
13 years$4,202$3,677$3,209$2,795$2,429$2,019
14 years$3,862$3,342$2,884$2,481$2,129$1,740
15 years$3,567$3,053$2,604$2,213$1,875$1,506
16 years$3,309$2,801$2,361$1,981$1,657$1,308
17 years$3,082$2,580$2,148$1,780$1,469$1,139
18 years$2,881$2,384$1,961$1,604$1,306$994
19 years$2,701$2,209$1,795$1,450$1,164$870
20 years$2,539$2,053$1,647$1,313$1,040$763
21 years$2,392$1,912$1,515$1,191$931$670
22 years$2,260$1,785$1,397$1,083$834$589
23 years$2,139$1,670$1,289$987$749$518
24 years$2,028$1,564$1,193$900$673$457
25 years$1,926$1,468$1,105$822$606$403
26 years$1,832$1,380$1,024$751$546$356
27 years$1,745$1,298$951$688$492$314
28 years$1,665$1,224$884$630$444$278
29 years$1,590$1,154$823$578$401$246
30 years$1,521$1,090$767$530$362$217
31 years$1,456$1,030$715$487$327$192
32 years$1,395$975$667$448$296$170
33 years$1,338$923$623$412$268$151
34 years$1,284$875$582$379$243$134
35 years$1,234$830$544$349$220$118
36 years$1,186$788$509$321$199$105
37 years$1,142$748$476$296$180$93
38 years$1,099$711$446$273$164$83
39 years$1,059$676$418$251$148$73
40 years$1,021$643$392$232$135$65
41 years$985$612$367$214$122$58
42 years$951$583$344$197$111$51
43 years$919$556$323$182$101$45
44 years$888$530$303$168$91$40
45 years$858$505$285$155$83$36
46 years$830$482$268$144$75$32
47 years$803$460$251$133$68$28
48 years$777$439$236$123$62$25
49 years$753$419$222$113$56$22
50 years$729$400$209$105$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $747,000, adding $2,254 every year, while hoping to spend $34,577 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: 57/34/9 Blend
50$747,000$747,000$747,000$747,000
51$825,519$785,928$774,350$870,696
52$872,932$787,649$763,501$903,126
53$924,023$788,295$751,129$934,388
54$979,129$787,778$737,148$967,611
55$1,038,623$786,002$721,466$1,002,985
56$1,102,914$782,867$703,986$1,040,724
57$1,172,451$778,267$684,609$1,081,062
58$1,247,727$772,088$663,229$1,124,258
59$1,329,285$764,210$639,737$1,170,602
60$1,417,722$754,507$614,019$1,220,412
61$1,513,695$742,843$585,953$1,274,042
62$1,617,925$729,075$555,416$1,331,881
63$1,731,206$713,052$522,275$1,394,363
64$1,854,412$694,615$486,394$1,461,967
65$1,988,503$673,592$447,630$1,535,222
66$2,134,537$649,805$405,832$1,614,715
67$2,293,678$623,063$360,845$1,701,095
68$2,467,206$593,166$312,506$1,795,079
69$2,656,530$559,900$260,645$1,897,461
70$2,863,202$523,041$205,082$2,009,118
71$3,088,929$482,351$145,633$2,131,022
72$3,335,591$437,578$82,103$2,264,245
73$3,605,258$388,455$14,290$2,409,973
74$3,900,208$334,704$0$2,569,519
75$4,222,950$276,025$0$2,749,910
76$4,576,247$212,106$0$2,948,997
77$4,963,141$142,616$0$3,167,199
78$5,386,982$67,205$0$3,406,495
79$5,851,458$0$0$3,669,072
80$6,360,635$0$0$3,962,767
81$6,918,985$0$0$4,312,462
82$7,531,438$0$0$4,696,109
83$8,203,423$0$0$5,117,118
84$8,940,920$0$0$5,579,242
85$9,750,515$0$0$6,086,618
86$10,639,464$0$0$6,643,803
87$11,615,759$0$0$7,255,816
88$12,688,205$0$0$7,928,186
89$13,866,500$0$0$8,667,005
90$15,161,332$0$0$9,478,982
91$16,584,470$0$0$10,371,512
92$18,148,883$0$0$11,352,738
93$19,868,860$0$0$12,431,634
94$21,760,141$0$0$13,618,087
95$23,840,070$0$0$14,922,988
96$26,127,754$0$0$16,358,339
97$28,644,246$0$0$17,937,361
98$31,412,741$0$0$19,674,623
99$34,458,796$0$0$21,586,178
100$37,810,570$0$0$23,689,710