Can I retire at age 51 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$61,769$61,219$60,682$60,158$59,647$57,784
2 years$30,579$30,009$29,457$28,922$28,403$26,543
3 years$20,183$19,611$19,061$18,531$18,020$16,221
4 years$14,987$14,416$13,871$13,350$12,852$11,127
5 years$11,869$11,303$10,765$10,254$9,770$8,125
6 years$9,792$9,229$8,700$8,200$7,731$6,166
7 years$8,309$7,751$7,229$6,742$6,287$4,804
8 years$7,197$6,644$6,131$5,656$5,216$3,812
9 years$6,332$5,785$5,281$4,817$4,392$3,067
10 years$5,641$5,099$4,604$4,153$3,743$2,493
11 years$5,076$4,539$4,053$3,614$3,219$2,043
12 years$4,605$4,074$3,597$3,170$2,789$1,685
13 years$4,208$3,682$3,214$2,799$2,432$1,397
14 years$3,867$3,347$2,888$2,484$2,132$1,163
15 years$3,572$3,057$2,607$2,216$1,877$972
16 years$3,314$2,805$2,364$1,984$1,659$814
17 years$3,087$2,583$2,151$1,782$1,471$683
18 years$2,885$2,387$1,963$1,606$1,308$575
19 years$2,704$2,212$1,797$1,451$1,166$484
20 years$2,542$2,056$1,650$1,315$1,041$409
21 years$2,396$1,915$1,517$1,193$932$345
22 years$2,263$1,788$1,398$1,085$835$292
23 years$2,141$1,672$1,291$988$750$247
24 years$2,030$1,566$1,194$901$674$209
25 years$1,928$1,470$1,106$823$606$177
26 years$1,834$1,382$1,026$752$546$150
27 years$1,748$1,300$953$689$493$127
28 years$1,667$1,225$886$631$444$108
29 years$1,592$1,156$824$579$401$91
30 years$1,523$1,092$768$531$363$78
31 years$1,458$1,032$716$488$328$66
32 years$1,397$976$668$448$297$56
33 years$1,340$925$623$412$268$47
34 years$1,286$876$582$379$243$40
35 years$1,236$831$545$349$220$34
36 years$1,188$789$509$322$199$29
37 years$1,143$749$477$296$181$25
38 years$1,101$712$447$273$164$21
39 years$1,061$677$418$252$149$18
40 years$1,023$644$392$232$135$15
41 years$987$613$368$214$122$13
42 years$952$584$345$198$111$11
43 years$920$556$324$183$101$9
44 years$889$530$304$169$91$8
45 years$859$506$285$156$83$7
46 years$831$483$268$144$75$6
47 years$804$460$252$133$68$5
48 years$778$440$237$123$62$4
49 years$754$420$222$113$56$3
50 years$730$401$209$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $748,000, adding $6,973 every year, while hoping to spend $45,999 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: 63/29/8 Blend
50$748,000$748,000$748,000$748,000
51$831,489$791,845$780,251$882,084
52$867,358$781,702$757,446$906,571
53$905,344$769,522$732,337$927,287
54$945,615$755,154$704,795$948,726
55$988,353$738,441$674,691$970,957
56$1,033,758$719,218$641,886$994,057
57$1,082,049$697,308$606,237$1,018,113
58$1,133,465$672,523$567,594$1,043,220
59$1,188,269$644,667$525,799$1,069,490
60$1,246,748$613,531$480,688$1,097,043
61$1,309,215$578,893$432,090$1,126,016
62$1,376,016$540,520$379,826$1,156,564
63$1,447,528$498,164$323,709$1,188,858
64$1,524,167$451,565$263,544$1,223,091
65$1,606,385$400,445$199,126$1,259,476
66$1,694,683$344,513$130,243$1,298,254
67$1,789,606$283,460$56,672$1,339,694
68$1,891,758$216,961$0$1,384,093
69$2,001,796$144,671$0$1,433,651
70$2,120,447$66,227$0$1,492,157
71$2,248,505$0$0$1,555,207
72$2,386,846$0$0$1,629,267
73$2,536,431$0$0$1,732,242
74$2,698,317$0$0$1,843,729
75$2,873,666$0$0$1,964,534
76$3,063,753$0$0$2,095,542
77$3,269,984$0$0$2,237,728
78$3,493,903$0$0$2,392,162
79$3,737,209$0$0$2,560,024
80$4,001,770$0$0$2,742,609
81$4,289,643$0$0$2,941,345
82$4,603,089$0$0$3,157,799
83$4,944,597$0$0$3,393,699
84$5,316,907$0$0$3,650,946
85$5,723,033$0$0$3,931,632
86$6,166,294$0$0$4,238,059
87$6,650,342$0$0$4,572,761
88$7,179,199$0$0$4,938,529
89$7,757,290$0$0$5,338,435
90$8,389,489$0$0$5,775,861
91$9,081,163$0$0$6,254,530
92$9,838,220$0$0$6,778,545
93$10,667,166$0$0$7,352,419
94$11,575,166$0$0$7,981,126
95$12,570,111$0$0$8,670,143
96$13,660,690$0$0$9,425,499
97$14,856,473$0$0$10,253,839
98$16,168,002$0$0$11,162,478
99$17,606,886$0$0$12,159,474
100$19,185,913$0$0$13,253,705