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%18.2%
1 years$61,687$61,137$60,601$60,078$59,567$57,591
2 years$30,538$29,969$29,418$28,884$28,365$26,394
3 years$20,156$19,585$19,035$18,506$17,996$16,091
4 years$14,967$14,397$13,853$13,333$12,835$11,011
5 years$11,854$11,288$10,750$10,241$9,757$8,018
6 years$9,779$9,217$8,688$8,190$7,720$6,069
7 years$8,298$7,741$7,220$6,733$6,279$4,714
8 years$7,187$6,635$6,123$5,648$5,209$3,730
9 years$6,324$5,777$5,274$4,811$4,387$2,992
10 years$5,634$5,092$4,598$4,147$3,738$2,424
11 years$5,069$4,533$4,048$3,609$3,214$1,981
12 years$4,599$4,069$3,592$3,166$2,786$1,628
13 years$4,202$3,677$3,209$2,795$2,429$1,345
14 years$3,862$3,342$2,884$2,481$2,129$1,116
15 years$3,567$3,053$2,604$2,213$1,875$929
16 years$3,309$2,801$2,361$1,981$1,657$775
17 years$3,082$2,580$2,148$1,780$1,469$649
18 years$2,881$2,384$1,961$1,604$1,306$544
19 years$2,701$2,209$1,795$1,450$1,164$456
20 years$2,539$2,053$1,647$1,313$1,040$383
21 years$2,392$1,912$1,515$1,191$931$323
22 years$2,260$1,785$1,397$1,083$834$272
23 years$2,139$1,670$1,289$987$749$229
24 years$2,028$1,564$1,193$900$673$193
25 years$1,926$1,468$1,105$822$606$163
26 years$1,832$1,380$1,024$751$546$137
27 years$1,745$1,298$951$688$492$116
28 years$1,665$1,224$884$630$444$98
29 years$1,590$1,154$823$578$401$83
30 years$1,521$1,090$767$530$362$70
31 years$1,456$1,030$715$487$327$59
32 years$1,395$975$667$448$296$50
33 years$1,338$923$623$412$268$42
34 years$1,284$875$582$379$243$36
35 years$1,234$830$544$349$220$30
36 years$1,186$788$509$321$199$26
37 years$1,142$748$476$296$180$22
38 years$1,099$711$446$273$164$18
39 years$1,059$676$418$251$148$15
40 years$1,021$643$392$232$135$13
41 years$985$612$367$214$122$11
42 years$951$583$344$197$111$9
43 years$919$556$323$182$101$8
44 years$888$530$303$168$91$7
45 years$858$505$285$155$83$6
46 years$830$482$268$144$75$5
47 years$803$460$251$133$68$4
48 years$777$439$236$123$62$3
49 years$753$419$222$113$56$3
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 $3,569 every year, while hoping to spend $43,995 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: 54/18/28 Blend
50$747,000$747,000$747,000$747,000
51$826,875$787,284$775,706$864,916
52$864,406$779,051$754,882$883,369
53$904,291$768,940$731,885$898,648
54$946,723$756,812$706,598$914,402
55$991,914$742,521$678,894$930,694
56$1,040,096$725,911$648,644$947,595
57$1,091,523$706,819$615,711$965,185
58$1,146,475$685,069$579,953$983,558
59$1,205,255$660,477$541,222$1,002,815
60$1,268,199$632,848$499,360$1,023,075
61$1,335,673$601,975$454,207$1,044,470
62$1,408,080$567,641$405,591$1,067,150
63$1,485,862$529,613$353,336$1,091,282
64$1,569,504$487,648$297,257$1,117,055
65$1,659,538$441,487$237,160$1,144,682
66$1,756,549$390,858$172,843$1,174,401
67$1,861,178$335,472$104,094$1,206,479
68$1,974,132$275,023$30,695$1,241,213
69$2,096,185$209,191$0$1,278,939
70$2,228,189$137,635$0$1,334,261
71$2,371,081$59,996$0$1,404,076
72$2,525,890$0$0$1,479,745
73$2,693,747$0$0$1,566,640
74$2,875,898$0$0$1,673,889
75$3,073,711$0$0$1,790,422
76$3,288,692$0$0$1,917,135
77$3,522,496$0$0$2,055,010
78$3,776,947$0$0$2,205,133
79$4,054,050$0$0$2,368,693
80$4,356,010$0$0$2,547,005
81$4,685,257$0$0$2,741,510
82$5,044,462$0$0$2,953,798
83$5,436,567$0$0$3,185,618
84$5,864,810$0$0$3,438,895
85$6,332,756$0$0$3,715,750
86$6,844,329$0$0$4,018,515
87$7,403,850$0$0$4,349,761
88$8,016,076$0$0$4,712,317
89$8,686,246$0$0$5,109,298
90$9,420,128$0$0$5,544,135
91$10,224,074$0$0$6,020,607
92$11,105,080$0$0$6,542,875
93$12,070,851$0$0$7,115,521
94$13,129,871$0$0$7,743,594
95$14,291,487$0$0$8,432,652
96$15,565,992$0$0$9,188,819
97$16,964,725$0$0$10,018,840
98$18,500,176$0$0$10,930,145
99$20,186,101$0$0$11,930,919
100$22,037,657$0$0$13,030,178