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%16.8%
1 years$61,934$61,383$60,844$60,319$59,806$58,148
2 years$30,661$30,090$29,536$29,000$28,479$26,821
3 years$20,237$19,664$19,112$18,580$18,068$16,462
4 years$15,027$14,455$13,909$13,386$12,886$11,345
5 years$11,901$11,333$10,794$10,282$9,796$8,323
6 years$9,818$9,254$8,723$8,222$7,751$6,348
7 years$8,331$7,772$7,249$6,760$6,304$4,970
8 years$7,216$6,662$6,147$5,671$5,230$3,965
9 years$6,349$5,800$5,295$4,830$4,404$3,208
10 years$5,656$5,113$4,616$4,164$3,753$2,622
11 years$5,090$4,551$4,064$3,624$3,227$2,162
12 years$4,618$4,085$3,607$3,179$2,797$1,794
13 years$4,219$3,692$3,222$2,806$2,439$1,496
14 years$3,877$3,356$2,895$2,491$2,138$1,253
15 years$3,581$3,066$2,614$2,222$1,882$1,054
16 years$3,323$2,813$2,370$1,989$1,664$888
17 years$3,095$2,590$2,157$1,787$1,475$751
18 years$2,892$2,394$1,969$1,611$1,312$636
19 years$2,712$2,218$1,802$1,455$1,169$539
20 years$2,549$2,061$1,654$1,318$1,044$458
21 years$2,402$1,920$1,521$1,196$934$390
22 years$2,269$1,792$1,402$1,088$838$332
23 years$2,147$1,676$1,295$991$752$283
24 years$2,036$1,571$1,197$903$676$241
25 years$1,934$1,474$1,109$825$608$206
26 years$1,839$1,385$1,029$754$548$175
27 years$1,752$1,304$955$691$494$150
28 years$1,672$1,228$888$633$446$128
29 years$1,597$1,159$826$580$402$109
30 years$1,527$1,094$770$532$364$93
31 years$1,461$1,035$717$489$329$80
32 years$1,400$979$669$449$297$68
33 years$1,343$927$625$413$269$58
34 years$1,289$879$584$380$244$50
35 years$1,239$833$546$350$221$43
36 years$1,191$791$511$322$200$37
37 years$1,146$751$478$297$181$31
38 years$1,104$714$448$274$164$27
39 years$1,063$679$419$252$149$23
40 years$1,025$646$393$233$135$20
41 years$989$615$369$215$123$17
42 years$955$586$346$198$111$14
43 years$922$558$324$183$101$12
44 years$891$532$305$169$92$11
45 years$861$507$286$156$83$9
46 years$833$484$269$144$76$8
47 years$806$462$252$133$69$7
48 years$780$441$237$123$62$6
49 years$756$421$223$114$57$5
50 years$732$402$210$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $750,000, adding $3,352 every year, while hoping to spend $47,014 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: 47/33/20 Blend
50$750,000$750,000$750,000$750,000
51$829,958$790,208$778,583$864,103
52$864,591$778,905$754,643$876,966
53$901,181$765,473$728,325$885,940
54$939,878$749,758$699,500$894,699
55$980,845$731,596$668,033$903,245
56$1,024,262$710,815$633,783$911,582
57$1,070,323$687,231$596,601$919,716
58$1,119,243$660,652$556,334$927,659
59$1,171,254$630,873$512,820$935,429
60$1,226,613$597,677$465,890$943,049
61$1,285,599$560,834$415,369$950,547
62$1,348,519$520,104$361,073$957,960
63$1,415,707$475,228$302,808$965,334
64$1,487,533$425,938$240,376$972,725
65$1,564,398$371,946$173,566$980,198
66$1,646,746$312,951$102,159$987,834
67$1,735,061$248,632$25,928$995,726
68$1,829,875$178,652$0$1,003,983
69$1,931,771$102,656$0$1,024,561
70$2,041,392$20,266$0$1,052,454
71$2,159,440$0$0$1,082,350
72$2,286,688$0$0$1,139,529
73$2,423,986$0$0$1,209,228
74$2,572,266$0$0$1,284,571
75$2,732,553$0$0$1,366,088
76$2,905,973$0$0$1,454,359
77$3,093,766$0$0$1,550,025
78$3,297,292$0$0$1,653,790
79$3,518,049$0$0$1,766,428
80$3,757,682$0$0$1,888,789
81$4,018,003$0$0$2,021,809
82$4,301,003$0$0$2,166,519
83$4,608,874$0$0$2,324,052
84$4,944,027$0$0$2,495,654
85$5,309,114$0$0$2,682,698
86$5,707,055$0$0$2,886,694
87$6,141,063$0$0$3,109,304
88$6,614,674$0$0$3,352,357
89$7,131,782$0$0$3,617,867
90$7,696,670$0$0$3,908,053
91$8,314,056$0$0$4,225,353
92$8,989,134$0$0$4,572,457
93$9,727,622$0$0$4,952,323
94$10,535,816$0$0$5,368,210
95$11,420,649$0$0$5,823,706
96$12,389,755$0$0$6,322,763
97$13,451,543$0$0$6,869,732
98$14,615,271$0$0$7,469,406
99$15,891,137$0$0$8,127,065
100$17,290,372$0$0$8,848,522