Can I retire at age 51 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$61,934$61,383$60,844$60,319$59,806$58,695
2 years$30,661$30,090$29,536$29,000$28,479$27,363
3 years$20,237$19,664$19,112$18,580$18,068$16,983
4 years$15,027$14,455$13,909$13,386$12,886$11,840
5 years$11,901$11,333$10,794$10,282$9,796$8,792
6 years$9,818$9,254$8,723$8,222$7,751$6,790
7 years$8,331$7,772$7,249$6,760$6,304$5,386
8 years$7,216$6,662$6,147$5,671$5,230$4,355
9 years$6,349$5,800$5,295$4,830$4,404$3,572
10 years$5,656$5,113$4,616$4,164$3,753$2,962
11 years$5,090$4,551$4,064$3,624$3,227$2,478
12 years$4,618$4,085$3,607$3,179$2,797$2,087
13 years$4,219$3,692$3,222$2,806$2,439$1,768
14 years$3,877$3,356$2,895$2,491$2,138$1,504
15 years$3,581$3,066$2,614$2,222$1,882$1,285
16 years$3,323$2,813$2,370$1,989$1,664$1,101
17 years$3,095$2,590$2,157$1,787$1,475$946
18 years$2,892$2,394$1,969$1,611$1,312$815
19 years$2,712$2,218$1,802$1,455$1,169$703
20 years$2,549$2,061$1,654$1,318$1,044$608
21 years$2,402$1,920$1,521$1,196$934$526
22 years$2,269$1,792$1,402$1,088$838$456
23 years$2,147$1,676$1,295$991$752$396
24 years$2,036$1,571$1,197$903$676$343
25 years$1,934$1,474$1,109$825$608$298
26 years$1,839$1,385$1,029$754$548$259
27 years$1,752$1,304$955$691$494$226
28 years$1,672$1,228$888$633$446$196
29 years$1,597$1,159$826$580$402$171
30 years$1,527$1,094$770$532$364$149
31 years$1,461$1,035$717$489$329$130
32 years$1,400$979$669$449$297$113
33 years$1,343$927$625$413$269$99
34 years$1,289$879$584$380$244$86
35 years$1,239$833$546$350$221$75
36 years$1,191$791$511$322$200$66
37 years$1,146$751$478$297$181$57
38 years$1,104$714$448$274$164$50
39 years$1,063$679$419$252$149$44
40 years$1,025$646$393$233$135$38
41 years$989$615$369$215$123$33
42 years$955$586$346$198$111$29
43 years$922$558$324$183$101$25
44 years$891$532$305$169$92$22
45 years$861$507$286$156$83$19
46 years$833$484$269$144$76$17
47 years$806$462$252$133$69$15
48 years$780$441$237$123$62$13
49 years$756$421$223$114$57$11
50 years$732$402$210$105$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $750,000, adding $6,331 every year, while hoping to spend $37,949 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: 55/35/10 Blend
50$750,000$750,000$750,000$750,000
51$833,030$793,280$781,655$876,437
52$877,622$791,774$767,463$905,037
53$925,490$788,921$751,524$931,452
54$976,929$784,617$733,739$959,312
55$1,032,261$778,749$714,005$988,758
56$1,091,841$771,197$692,213$1,019,952
57$1,156,059$761,835$668,252$1,053,071
58$1,225,341$750,530$642,003$1,088,313
59$1,300,158$737,138$613,342$1,125,898
60$1,381,027$721,510$582,141$1,166,071
61$1,468,513$703,486$548,265$1,209,103
62$1,563,242$682,897$511,573$1,255,296
63$1,665,899$659,566$471,917$1,304,984
64$1,777,238$633,302$429,143$1,358,540
65$1,898,089$603,905$383,091$1,416,377
66$2,029,362$571,165$333,593$1,478,951
67$2,172,062$534,857$280,474$1,546,772
68$2,327,292$494,745$223,549$1,620,401
69$2,496,266$450,578$162,629$1,700,465
70$2,680,321$402,092$97,513$1,787,654
71$2,880,927$349,008$27,992$1,882,736
72$3,099,702$291,029$0$1,986,562
73$3,338,426$227,845$0$2,105,002
74$3,599,061$159,125$0$2,237,677
75$3,883,765$84,521$0$2,382,778
76$4,194,912$3,666$0$2,541,609
77$4,535,120$0$0$2,715,613
78$4,907,267$0$0$2,938,672
79$5,314,524$0$0$3,184,388
80$5,760,382$0$0$3,453,466
81$6,248,688$0$0$3,748,234
82$6,783,674$0$0$4,071,257
83$7,370,003$0$0$4,425,361
84$8,012,812$0$0$4,813,657
85$8,717,756$0$0$5,239,572
86$9,491,064$0$0$5,706,880
87$10,339,599$0$0$6,219,739
88$11,270,919$0$0$6,782,729
89$12,293,349$0$0$7,400,893
90$13,416,060$0$0$8,079,790
91$14,649,154$0$0$8,825,540
92$16,003,760$0$0$9,644,888
93$17,492,139$0$0$10,545,262
94$19,127,796$0$0$11,534,847
95$20,925,611$0$0$12,622,660
96$22,901,977$0$0$13,818,634
97$25,074,954$0$0$15,133,714
98$27,464,439$0$0$16,579,958
99$30,092,354$0$0$18,170,651
100$32,982,853$0$0$19,920,430