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%19.3%
1 years$61,934$61,383$60,844$60,319$59,806$57,570
2 years$30,661$30,090$29,536$29,000$28,479$26,252
3 years$20,237$19,664$19,112$18,580$18,068$15,920
4 years$15,027$14,455$13,909$13,386$12,886$10,833
5 years$11,901$11,333$10,794$10,282$9,796$7,843
6 years$9,818$9,254$8,723$8,222$7,751$5,901
7 years$8,331$7,772$7,249$6,760$6,304$4,555
8 years$7,216$6,662$6,147$5,671$5,230$3,580
9 years$6,349$5,800$5,295$4,830$4,404$2,853
10 years$5,656$5,113$4,616$4,164$3,753$2,296
11 years$5,090$4,551$4,064$3,624$3,227$1,862
12 years$4,618$4,085$3,607$3,179$2,797$1,520
13 years$4,219$3,692$3,222$2,806$2,439$1,246
14 years$3,877$3,356$2,895$2,491$2,138$1,026
15 years$3,581$3,066$2,614$2,222$1,882$847
16 years$3,323$2,813$2,370$1,989$1,664$702
17 years$3,095$2,590$2,157$1,787$1,475$582
18 years$2,892$2,394$1,969$1,611$1,312$484
19 years$2,712$2,218$1,802$1,455$1,169$403
20 years$2,549$2,061$1,654$1,318$1,044$336
21 years$2,402$1,920$1,521$1,196$934$280
22 years$2,269$1,792$1,402$1,088$838$234
23 years$2,147$1,676$1,295$991$752$195
24 years$2,036$1,571$1,197$903$676$163
25 years$1,934$1,474$1,109$825$608$136
26 years$1,839$1,385$1,029$754$548$114
27 years$1,752$1,304$955$691$494$96
28 years$1,672$1,228$888$633$446$80
29 years$1,597$1,159$826$580$402$67
30 years$1,527$1,094$770$532$364$56
31 years$1,461$1,035$717$489$329$47
32 years$1,400$979$669$449$297$39
33 years$1,343$927$625$413$269$33
34 years$1,289$879$584$380$244$28
35 years$1,239$833$546$350$221$23
36 years$1,191$791$511$322$200$19
37 years$1,146$751$478$297$181$16
38 years$1,104$714$448$274$164$14
39 years$1,063$679$419$252$149$11
40 years$1,025$646$393$233$135$10
41 years$989$615$369$215$123$8
42 years$955$586$346$198$111$7
43 years$922$558$324$183$101$6
44 years$891$532$305$169$92$5
45 years$861$507$286$156$83$4
46 years$833$484$269$144$76$3
47 years$806$462$252$133$69$3
48 years$780$441$237$123$62$2
49 years$756$421$223$114$57$2
50 years$732$402$210$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $750,000, adding $6,160 every year, while hoping to spend $48,001 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: 38/38/24 Blend
50$750,000$750,000$750,000$750,000
51$832,854$793,104$781,479$858,335
52$866,732$780,893$756,586$865,237
53$902,458$766,476$729,250$867,775
54$940,167$749,692$699,339$869,566
55$980,012$730,374$666,714$870,570
56$1,022,155$708,344$631,231$870,751
57$1,066,775$683,414$592,737$870,069
58$1,114,068$655,383$551,076$868,489
59$1,164,246$624,040$506,081$865,974
60$1,217,545$589,163$457,579$862,491
61$1,274,217$550,515$405,392$858,008
62$1,334,544$507,847$349,329$852,495
63$1,398,830$460,894$289,194$845,927
64$1,467,410$409,378$224,781$838,281
65$1,540,652$353,003$155,877$829,542
66$1,618,956$291,458$82,257$819,696
67$1,702,764$224,414$3,687$808,740
68$1,792,559$151,523$0$796,678
69$1,888,870$72,418$0$804,048
70$1,992,279$0$0$812,690
71$2,103,425$0$0$827,317
72$2,223,007$0$0$875,708
73$2,351,795$0$0$927,900
74$2,490,634$0$0$984,247
75$2,640,451$0$0$1,045,134
76$2,802,267$0$0$1,110,988
77$2,977,201$0$0$1,182,275
78$3,166,486$0$0$1,259,509
79$3,371,474$0$0$1,343,256
80$3,593,654$0$0$1,434,136
81$3,834,662$0$0$1,532,832
82$4,096,299$0$0$1,640,096
83$4,380,544$0$0$1,756,756
84$4,689,573$0$0$1,883,719
85$5,025,784$0$0$2,021,988
86$5,391,811$0$0$2,172,663
87$5,790,555$0$0$2,336,957
88$6,225,207$0$0$2,516,203
89$6,699,280$0$0$2,711,870
90$7,216,640$0$0$2,925,574
91$7,781,544$0$0$3,159,094
92$8,398,674$0$0$3,414,390
93$9,073,190$0$0$3,693,617
94$9,810,768$0$0$3,999,150
95$10,617,661$0$0$4,333,604
96$11,500,753$0$0$4,699,859
97$12,467,622$0$0$5,101,085
98$13,526,616$0$0$5,540,774
99$14,686,928$0$0$6,022,772
100$15,958,681$0$0$6,551,314