Can I retire at age 51 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$61,852$61,301$60,763$60,239$59,726$58,047
2 years$30,620$30,049$29,497$28,961$28,441$26,762
3 years$20,210$19,638$19,086$18,556$18,044$16,418
4 years$15,007$14,436$13,890$13,368$12,869$11,308
5 years$11,885$11,318$10,779$10,268$9,783$8,292
6 years$9,805$9,242$8,711$8,211$7,741$6,321
7 years$8,320$7,761$7,239$6,751$6,295$4,946
8 years$7,206$6,653$6,139$5,663$5,223$3,944
9 years$6,341$5,792$5,288$4,824$4,398$3,188
10 years$5,649$5,106$4,610$4,158$3,748$2,605
11 years$5,083$4,545$4,059$3,619$3,223$2,146
12 years$4,612$4,080$3,602$3,174$2,793$1,779
13 years$4,213$3,687$3,218$2,802$2,436$1,483
14 years$3,872$3,351$2,891$2,488$2,135$1,242
15 years$3,577$3,061$2,611$2,219$1,880$1,043
16 years$3,318$2,809$2,367$1,986$1,661$879
17 years$3,091$2,587$2,154$1,785$1,473$742
18 years$2,889$2,390$1,966$1,608$1,310$628
19 years$2,708$2,215$1,800$1,453$1,167$532
20 years$2,546$2,059$1,652$1,316$1,043$452
21 years$2,399$1,917$1,519$1,195$933$384
22 years$2,266$1,790$1,400$1,086$836$327
23 years$2,144$1,674$1,293$989$751$278
24 years$2,033$1,568$1,196$902$675$237
25 years$1,931$1,472$1,108$824$607$202
26 years$1,837$1,383$1,027$753$547$172
27 years$1,750$1,302$954$690$493$147
28 years$1,669$1,227$887$632$445$125
29 years$1,594$1,157$825$579$402$107
30 years$1,525$1,093$769$532$363$91
31 years$1,459$1,033$717$488$328$78
32 years$1,399$978$669$449$297$67
33 years$1,341$926$624$413$269$57
34 years$1,288$878$583$380$243$49
35 years$1,237$832$545$350$220$42
36 years$1,190$790$510$322$200$36
37 years$1,145$750$477$297$181$30
38 years$1,102$713$447$273$164$26
39 years$1,062$678$419$252$149$22
40 years$1,024$645$393$233$135$19
41 years$988$614$368$215$122$16
42 years$954$585$345$198$111$14
43 years$921$557$324$183$101$12
44 years$890$531$304$169$92$10
45 years$860$506$286$156$83$9
46 years$832$483$268$144$75$7
47 years$805$461$252$133$68$6
48 years$779$440$237$123$62$5
49 years$755$420$223$114$56$5
50 years$731$402$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $749,000, adding $4,184 every year, while hoping to spend $24,797 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: 81/7/12 Blend
50$749,000$749,000$749,000$749,000
51$829,714$790,017$778,407$894,779
52$887,961$802,344$778,100$950,404
53$951,318$814,444$776,952$1,007,779
54$1,020,280$826,279$774,907$1,070,029
55$1,095,392$837,811$771,910$1,137,630
56$1,177,254$848,995$767,901$1,211,107
57$1,266,524$859,786$762,816$1,291,038
58$1,363,930$870,136$756,590$1,378,060
59$1,470,269$879,991$749,155$1,472,872
60$1,586,423$889,297$740,438$1,576,249
61$1,713,360$897,994$730,364$1,689,040
62$1,852,145$906,018$718,854$1,812,183
63$2,003,953$913,302$705,825$1,946,711
64$2,170,077$919,775$691,190$2,093,762
65$2,351,939$925,358$674,860$2,254,589
66$2,551,108$929,971$656,738$2,430,575
67$2,769,308$933,528$636,727$2,623,240
68$3,008,442$935,935$614,721$2,834,262
69$3,270,602$937,095$590,614$3,065,490
70$3,558,095$936,904$564,290$3,318,960
71$3,873,460$935,251$535,633$3,596,916
72$4,219,493$932,019$504,517$3,901,831
73$4,599,277$927,083$470,814$4,236,430
74$5,016,204$920,311$434,387$4,603,717
75$5,474,014$911,563$395,096$5,007,000
76$5,976,824$900,691$352,793$5,449,926
77$6,529,171$887,536$307,323$5,936,515
78$7,136,053$871,932$258,525$6,471,195
79$7,802,976$853,702$206,231$7,058,847
80$8,536,005$832,659$150,265$7,704,850
81$9,341,822$808,604$90,443$8,415,132
82$10,227,790$781,327$26,575$9,196,224
83$11,202,019$750,607$0$10,055,327
84$12,273,446$716,207$0$11,005,698
85$13,451,916$677,880$0$12,054,733
86$14,748,277$635,362$0$13,208,691
87$16,174,482$588,375$0$14,478,218
88$17,743,699$536,625$0$15,875,049
89$19,470,437$479,801$0$17,412,111
90$21,370,685$417,574$0$19,103,652
91$23,462,057$349,597$0$20,965,370
92$25,763,963$275,504$0$23,014,562
93$28,297,790$194,907$0$25,270,291
94$31,087,104$107,396$0$27,753,561
95$34,157,870$12,540$0$30,487,519
96$37,538,700$0$0$33,497,671
97$41,261,122$0$0$36,819,064
98$45,359,875$0$0$40,477,333
99$49,873,241$0$0$44,505,681
100$54,843,399$0$0$48,941,760