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%12.9%
1 years$61,769$61,219$60,682$60,158$59,647$58,926
2 years$30,579$30,009$29,457$28,922$28,403$27,678
3 years$20,183$19,611$19,061$18,531$18,020$17,313
4 years$14,987$14,416$13,871$13,350$12,852$12,168
5 years$11,869$11,303$10,765$10,254$9,770$9,111
6 years$9,792$9,229$8,700$8,200$7,731$7,098
7 years$8,309$7,751$7,229$6,742$6,287$5,681
8 years$7,197$6,644$6,131$5,656$5,216$4,636
9 years$6,332$5,785$5,281$4,817$4,392$3,839
10 years$5,641$5,099$4,604$4,153$3,743$3,215
11 years$5,076$4,539$4,053$3,614$3,219$2,716
12 years$4,605$4,074$3,597$3,170$2,789$2,311
13 years$4,208$3,682$3,214$2,799$2,432$1,979
14 years$3,867$3,347$2,888$2,484$2,132$1,702
15 years$3,572$3,057$2,607$2,216$1,877$1,470
16 years$3,314$2,805$2,364$1,984$1,659$1,274
17 years$3,087$2,583$2,151$1,782$1,471$1,107
18 years$2,885$2,387$1,963$1,606$1,308$964
19 years$2,704$2,212$1,797$1,451$1,166$842
20 years$2,542$2,056$1,650$1,315$1,041$737
21 years$2,396$1,915$1,517$1,193$932$645
22 years$2,263$1,788$1,398$1,085$835$566
23 years$2,141$1,672$1,291$988$750$497
24 years$2,030$1,566$1,194$901$674$437
25 years$1,928$1,470$1,106$823$606$385
26 years$1,834$1,382$1,026$752$546$339
27 years$1,748$1,300$953$689$493$298
28 years$1,667$1,225$886$631$444$263
29 years$1,592$1,156$824$579$401$232
30 years$1,523$1,092$768$531$363$205
31 years$1,458$1,032$716$488$328$181
32 years$1,397$976$668$448$297$160
33 years$1,340$925$623$412$268$141
34 years$1,286$876$582$379$243$125
35 years$1,236$831$545$349$220$110
36 years$1,188$789$509$322$199$98
37 years$1,143$749$477$296$181$86
38 years$1,101$712$447$273$164$76
39 years$1,061$677$418$252$149$68
40 years$1,023$644$392$232$135$60
41 years$987$613$368$214$122$53
42 years$952$584$345$198$111$47
43 years$920$556$324$183$101$41
44 years$889$530$304$169$91$37
45 years$859$506$285$156$83$32
46 years$831$483$268$144$75$29
47 years$804$460$252$133$68$25
48 years$778$440$237$123$62$23
49 years$754$420$222$113$56$20
50 years$730$401$209$105$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $748,000, adding $2,847 every year, while hoping to spend $30,567 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: 75/5/20 Blend
50$748,000$748,000$748,000$748,000
51$827,233$787,589$775,995$885,163
52$879,087$793,657$769,467$930,028
53$935,207$798,999$761,697$975,172
54$995,994$803,546$752,610$1,023,863
55$1,061,891$807,225$742,128$1,076,447
56$1,133,385$809,961$730,170$1,133,305
57$1,211,012$811,670$716,653$1,194,858
58$1,295,360$812,267$701,486$1,261,571
59$1,387,078$811,660$684,577$1,333,954
60$1,486,878$809,749$665,828$1,412,573
61$1,595,545$806,432$645,139$1,498,048
62$1,713,942$801,599$622,402$1,591,066
63$1,843,018$795,131$597,507$1,692,382
64$1,983,819$786,905$570,336$1,802,829
65$2,137,495$776,790$540,769$1,923,328
66$2,305,313$764,646$508,678$2,054,891
67$2,488,666$750,326$473,931$2,198,635
68$2,689,091$733,673$436,388$2,355,792
69$2,908,276$714,521$395,905$2,527,720
70$3,148,082$692,694$352,330$2,715,917
71$3,410,559$668,008$305,505$2,922,033
72$3,697,961$640,265$255,264$3,147,889
73$4,012,773$609,258$201,436$3,395,492
74$4,357,731$574,767$143,839$3,667,053
75$4,735,847$536,559$82,286$3,965,013
76$5,150,441$494,388$16,580$4,292,061
77$5,605,167$447,994$0$4,651,161
78$6,104,050$397,102$0$5,057,008
79$6,651,525$341,422$0$5,506,298
80$7,252,476$280,646$0$5,999,509
81$7,912,282$214,452$0$6,541,072
82$8,636,870$142,495$0$7,135,865
83$9,432,769$64,415$0$7,789,265
84$10,307,169$0$0$8,507,196
85$11,267,995$0$0$9,297,295
86$12,323,974$0$0$10,169,567
87$13,484,722$0$0$11,128,415
88$14,760,832$0$0$12,182,594
89$16,163,978$0$0$13,341,751
90$17,707,016$0$0$14,616,512
91$19,404,116$0$0$16,018,587
92$21,270,885$0$0$17,560,876
93$23,324,523$0$0$19,257,594
94$25,583,978$0$0$21,124,399
95$28,070,129$0$0$23,178,549
96$30,805,979$0$0$25,439,055
97$33,816,876$0$0$27,926,866
98$37,130,749$0$0$30,665,063
99$40,778,369$0$0$33,679,082
100$44,793,646$0$0$36,996,945