Can I retire at age 51 with 749,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$61,852$61,301$60,763$60,239$59,726$57,814
2 years$30,620$30,049$29,497$28,961$28,441$26,533
3 years$20,210$19,638$19,086$18,556$18,044$16,199
4 years$15,007$14,436$13,890$13,368$12,869$11,101
5 years$11,885$11,318$10,779$10,268$9,783$8,097
6 years$9,805$9,242$8,711$8,211$7,741$6,139
7 years$8,320$7,761$7,239$6,751$6,295$4,776
8 years$7,206$6,653$6,139$5,663$5,223$3,786
9 years$6,341$5,792$5,288$4,824$4,398$3,042
10 years$5,649$5,106$4,610$4,158$3,748$2,470
11 years$5,083$4,545$4,059$3,619$3,223$2,022
12 years$4,612$4,080$3,602$3,174$2,793$1,665
13 years$4,213$3,687$3,218$2,802$2,436$1,379
14 years$3,872$3,351$2,891$2,488$2,135$1,146
15 years$3,577$3,061$2,611$2,219$1,880$956
16 years$3,318$2,809$2,367$1,986$1,661$800
17 years$3,091$2,587$2,154$1,785$1,473$671
18 years$2,889$2,390$1,966$1,608$1,310$563
19 years$2,708$2,215$1,800$1,453$1,167$474
20 years$2,546$2,059$1,652$1,316$1,043$399
21 years$2,399$1,917$1,519$1,195$933$337
22 years$2,266$1,790$1,400$1,086$836$284
23 years$2,144$1,674$1,293$989$751$240
24 years$2,033$1,568$1,196$902$675$203
25 years$1,931$1,472$1,108$824$607$171
26 years$1,837$1,383$1,027$753$547$145
27 years$1,750$1,302$954$690$493$123
28 years$1,669$1,227$887$632$445$104
29 years$1,594$1,157$825$579$402$88
30 years$1,525$1,093$769$532$363$75
31 years$1,459$1,033$717$488$328$63
32 years$1,399$978$669$449$297$54
33 years$1,341$926$624$413$269$45
34 years$1,288$878$583$380$243$38
35 years$1,237$832$545$350$220$33
36 years$1,190$790$510$322$200$28
37 years$1,145$750$477$297$181$23
38 years$1,102$713$447$273$164$20
39 years$1,062$678$419$252$149$17
40 years$1,024$645$393$233$135$14
41 years$988$614$368$215$122$12
42 years$954$585$345$198$111$10
43 years$921$557$324$183$101$9
44 years$890$531$304$169$92$7
45 years$860$506$286$156$83$6
46 years$832$483$268$144$75$5
47 years$805$461$252$133$68$5
48 years$779$440$237$123$62$4
49 years$755$420$223$114$56$3
50 years$731$402$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 $749,000, adding $5,903 every year, while hoping to spend $40,544 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: 63/30/7 Blend
50$749,000$749,000$749,000$749,000
51$831,487$791,790$780,180$882,392
52$873,160$787,449$763,178$912,730
53$917,725$781,537$744,247$940,550
54$965,434$773,933$723,280$969,876
55$1,016,563$764,511$700,165$1,000,854
56$1,071,417$753,136$674,785$1,033,641
57$1,130,327$739,665$647,015$1,068,417
58$1,193,659$723,947$616,729$1,105,378
59$1,261,814$705,822$583,791$1,144,741
60$1,335,232$685,121$548,062$1,186,751
61$1,414,398$661,664$509,394$1,231,674
62$1,499,842$635,261$467,634$1,279,811
63$1,592,149$605,712$422,623$1,331,491
64$1,691,959$572,803$374,192$1,387,080
65$1,799,979$536,310$322,167$1,446,986
66$1,916,983$495,995$266,366$1,511,659
67$2,043,823$451,608$206,597$1,581,597
68$2,181,438$402,881$142,663$1,657,353
69$2,330,857$349,535$74,355$1,739,541
70$2,493,215$291,272$1,456$1,828,838
71$2,669,759$227,780$0$1,925,995
72$2,861,860$158,728$0$2,037,545
73$3,071,029$83,765$0$2,159,195
74$3,298,927$2,522$0$2,291,872
75$3,547,382$0$0$2,436,722
76$3,818,407$0$0$2,623,203
77$4,114,215$0$0$2,827,697
78$4,437,246$0$0$3,051,062
79$4,790,181$0$0$3,295,160
80$5,175,978$0$0$3,562,043
81$5,597,886$0$0$3,853,968
82$6,059,490$0$0$4,173,419
83$6,564,731$0$0$4,523,135
84$7,117,953$0$0$4,906,128
85$7,723,938$0$0$5,325,718
86$8,387,952$0$0$5,785,560
87$9,115,794$0$0$6,289,679
88$9,913,853$0$0$6,842,510
89$10,789,164$0$0$7,448,934
90$11,749,475$0$0$8,114,331
91$12,803,323$0$0$8,844,625
92$13,960,108$0$0$9,646,342
93$15,230,187$0$0$10,526,671
94$16,624,967$0$0$11,493,529
95$18,157,016$0$0$12,555,641
96$19,840,178$0$0$13,722,617
97$21,689,704$0$0$15,005,042
98$23,722,394$0$0$16,414,580
99$25,956,760$0$0$17,964,081
100$28,413,193$0$0$19,667,699