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%15.6%
1 years$61,852$61,301$60,763$60,239$59,726$58,354
2 years$30,620$30,049$29,497$28,961$28,441$27,066
3 years$20,210$19,638$19,086$18,556$18,044$16,709
4 years$15,007$14,436$13,890$13,368$12,869$11,585
5 years$11,885$11,318$10,779$10,268$9,783$8,553
6 years$9,805$9,242$8,711$8,211$7,741$6,566
7 years$8,320$7,761$7,239$6,751$6,295$5,176
8 years$7,206$6,653$6,139$5,663$5,223$4,158
9 years$6,341$5,792$5,288$4,824$4,398$3,388
10 years$5,649$5,106$4,610$4,158$3,748$2,791
11 years$5,083$4,545$4,059$3,619$3,223$2,318
12 years$4,612$4,080$3,602$3,174$2,793$1,939
13 years$4,213$3,687$3,218$2,802$2,436$1,630
14 years$3,872$3,351$2,891$2,488$2,135$1,377
15 years$3,577$3,061$2,611$2,219$1,880$1,167
16 years$3,318$2,809$2,367$1,986$1,661$993
17 years$3,091$2,587$2,154$1,785$1,473$846
18 years$2,889$2,390$1,966$1,608$1,310$723
19 years$2,708$2,215$1,800$1,453$1,167$619
20 years$2,546$2,059$1,652$1,316$1,043$530
21 years$2,399$1,917$1,519$1,195$933$455
22 years$2,266$1,790$1,400$1,086$836$391
23 years$2,144$1,674$1,293$989$751$336
24 years$2,033$1,568$1,196$902$675$290
25 years$1,931$1,472$1,108$824$607$249
26 years$1,837$1,383$1,027$753$547$215
27 years$1,750$1,302$954$690$493$185
28 years$1,669$1,227$887$632$445$160
29 years$1,594$1,157$825$579$402$138
30 years$1,525$1,093$769$532$363$119
31 years$1,459$1,033$717$488$328$103
32 years$1,399$978$669$449$297$89
33 years$1,341$926$624$413$269$77
34 years$1,288$878$583$380$243$66
35 years$1,237$832$545$350$220$57
36 years$1,190$790$510$322$200$50
37 years$1,145$750$477$297$181$43
38 years$1,102$713$447$273$164$37
39 years$1,062$678$419$252$149$32
40 years$1,024$645$393$233$135$28
41 years$988$614$368$215$122$24
42 years$954$585$345$198$111$21
43 years$921$557$324$183$101$18
44 years$890$531$304$169$92$15
45 years$860$506$286$156$83$13
46 years$832$483$268$144$75$12
47 years$805$461$252$133$68$10
48 years$779$440$237$123$62$9
49 years$755$420$223$114$56$7
50 years$731$402$209$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $749,000, adding $2,286 every year, while hoping to spend $21,014 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: 52/43/5 Blend
50$749,000$749,000$749,000$749,000
51$827,756$788,059$776,450$869,751
52$889,828$804,315$780,102$914,716
53$957,528$820,664$783,172$961,097
54$1,031,406$837,087$785,619$1,011,021
55$1,112,071$853,565$787,398$1,064,827
56$1,200,190$870,078$788,464$1,122,885
57$1,296,500$886,602$788,769$1,185,605
58$1,401,812$903,114$788,261$1,253,436
59$1,517,016$919,587$786,888$1,326,877
60$1,643,097$935,992$784,593$1,406,474
61$1,781,135$952,298$781,319$1,492,829
62$1,932,322$968,471$777,005$1,586,609
63$2,097,970$984,477$771,585$1,688,544
64$2,279,523$1,000,277$764,994$1,799,442
65$2,478,573$1,015,829$757,159$1,920,194
66$2,696,872$1,031,089$748,009$2,051,778
67$2,936,350$1,046,009$737,464$2,195,276
68$3,199,133$1,060,539$725,445$2,351,879
69$3,487,563$1,074,624$711,866$2,522,901
70$3,804,220$1,088,207$696,639$2,709,788
71$4,151,946$1,101,223$679,671$2,914,136
72$4,533,869$1,113,608$660,865$3,137,705
73$4,953,439$1,125,291$640,119$3,382,432
74$5,414,454$1,136,194$617,328$3,650,455
75$5,921,100$1,146,239$592,379$3,944,130
76$6,477,986$1,155,339$565,158$4,266,055
77$7,090,192$1,163,401$535,542$4,619,092
78$7,763,313$1,170,330$503,405$5,006,398
79$8,503,516$1,176,021$468,613$5,431,453
80$9,317,592$1,180,363$431,029$5,898,091
81$10,213,025$1,183,240$390,507$6,410,541
82$11,198,061$1,184,526$346,897$6,973,464
83$12,281,786$1,184,090$300,040$7,591,998
84$13,474,208$1,181,790$249,771$8,271,808
85$14,786,356$1,177,478$195,918$9,019,138
86$16,230,385$1,170,994$138,301$9,840,870
87$17,819,682$1,162,171$76,733$10,744,593
88$19,569,002$1,150,830$11,016$11,738,670
89$21,494,602$1,136,782$0$12,832,322
90$23,614,395$1,119,827$0$14,038,865
91$25,948,117$1,099,753$0$15,367,182
92$28,517,518$1,076,334$0$16,829,045
93$31,346,564$1,049,333$0$18,438,080
94$34,461,659$1,018,497$0$20,209,306
95$37,891,904$983,559$0$22,159,276
96$41,669,361$944,236$0$24,306,237
97$45,829,362$900,229$0$26,670,300
98$50,410,839$851,223$0$29,273,633
99$55,456,694$796,882$0$32,140,669
100$61,014,200$736,853$0$35,298,338