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%15.4%
1 years$61,769$61,219$60,682$60,158$59,647$58,323
2 years$30,579$30,009$29,457$28,922$28,403$27,077
3 years$20,183$19,611$19,061$18,531$18,020$16,732
4 years$14,987$14,416$13,871$13,350$12,852$11,612
5 years$11,869$11,303$10,765$10,254$9,770$8,582
6 years$9,792$9,229$8,700$8,200$7,731$6,596
7 years$8,309$7,751$7,229$6,742$6,287$5,205
8 years$7,197$6,644$6,131$5,656$5,216$4,187
9 years$6,332$5,785$5,281$4,817$4,392$3,416
10 years$5,641$5,099$4,604$4,153$3,743$2,817
11 years$5,076$4,539$4,053$3,614$3,219$2,343
12 years$4,605$4,074$3,597$3,170$2,789$1,962
13 years$4,208$3,682$3,214$2,799$2,432$1,652
14 years$3,867$3,347$2,888$2,484$2,132$1,397
15 years$3,572$3,057$2,607$2,216$1,877$1,186
16 years$3,314$2,805$2,364$1,984$1,659$1,010
17 years$3,087$2,583$2,151$1,782$1,471$862
18 years$2,885$2,387$1,963$1,606$1,308$738
19 years$2,704$2,212$1,797$1,451$1,166$632
20 years$2,542$2,056$1,650$1,315$1,041$543
21 years$2,396$1,915$1,517$1,193$932$467
22 years$2,263$1,788$1,398$1,085$835$402
23 years$2,141$1,672$1,291$988$750$346
24 years$2,030$1,566$1,194$901$674$298
25 years$1,928$1,470$1,106$823$606$257
26 years$1,834$1,382$1,026$752$546$222
27 years$1,748$1,300$953$689$493$192
28 years$1,667$1,225$886$631$444$166
29 years$1,592$1,156$824$579$401$143
30 years$1,523$1,092$768$531$363$124
31 years$1,458$1,032$716$488$328$107
32 years$1,397$976$668$448$297$93
33 years$1,340$925$623$412$268$80
34 years$1,286$876$582$379$243$69
35 years$1,236$831$545$349$220$60
36 years$1,188$789$509$322$199$52
37 years$1,143$749$477$296$181$45
38 years$1,101$712$447$273$164$39
39 years$1,061$677$418$252$149$34
40 years$1,023$644$392$232$135$29
41 years$987$613$368$214$122$25
42 years$952$584$345$198$111$22
43 years$920$556$324$183$101$19
44 years$889$530$304$169$91$16
45 years$859$506$285$156$83$14
46 years$831$483$268$144$75$12
47 years$804$460$252$133$68$11
48 years$778$440$237$123$62$9
49 years$754$420$222$113$56$8
50 years$730$401$209$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $748,000, adding $3,161 every year, while hoping to spend $56,307 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: 70/17/13 Blend
50$748,000$748,000$748,000$748,000
51$827,557$787,913$776,319$882,914
52$852,057$766,610$742,415$898,771
53$877,170$742,377$705,489$909,019
54$902,897$715,009$665,378$918,759
55$929,240$684,293$621,917$927,932
56$956,200$650,000$574,928$936,474
57$983,773$611,890$524,228$944,316
58$1,011,954$569,710$469,627$951,382
59$1,040,737$523,189$410,923$957,593
60$1,070,111$472,044$347,907$962,863
61$1,100,063$415,974$280,363$967,097
62$1,130,574$354,663$208,060$970,195
63$1,161,625$287,773$130,762$972,050
64$1,193,189$214,952$48,220$972,545
65$1,225,233$135,824$0$971,555
66$1,257,722$49,994$0$974,473
67$1,290,612$0$0$983,122
68$1,323,851$0$0$998,724
69$1,357,381$0$0$1,023,881
70$1,391,134$0$0$1,049,187
71$1,425,032$0$0$1,074,581
72$1,458,985$0$0$1,099,995
73$1,492,892$0$0$1,125,349
74$1,526,639$0$0$1,150,553
75$1,560,093$0$0$1,175,507
76$1,593,109$0$0$1,200,095
77$1,625,520$0$0$1,224,188
78$1,657,139$0$0$1,247,642
79$1,687,756$0$0$1,270,294
80$1,717,136$0$0$1,291,962
81$1,745,016$0$0$1,312,440
82$1,771,101$0$0$1,331,501
83$1,795,061$0$0$1,348,890
84$1,816,529$0$0$1,364,323
85$1,835,096$0$0$1,377,481
86$1,850,305$0$0$1,388,013
87$1,861,648$0$0$1,395,525
88$1,868,561$0$0$1,399,580
89$1,870,415$0$0$1,399,692
90$1,866,512$0$0$1,395,323
91$1,856,079$0$0$1,385,873
92$1,838,256$0$0$1,370,678
93$1,812,091$0$0$1,349,002
94$1,776,525$0$0$1,320,029
95$1,730,390$0$0$1,282,853
96$1,672,387$0$0$1,236,472
97$1,601,082$0$0$1,179,779
98$1,514,884$0$0$1,111,544
99$1,412,034$0$0$1,030,408
100$1,290,586$0$0$934,870