Can I retire at age 51 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$62,017$61,464$60,926$60,399$59,886$57,715
2 years$30,701$30,130$29,575$29,038$28,517$26,354
3 years$20,264$19,690$19,137$18,605$18,092$16,005
4 years$15,047$14,474$13,927$13,404$12,904$10,908
5 years$11,917$11,348$10,808$10,295$9,809$7,910
6 years$9,831$9,266$8,734$8,233$7,762$5,960
7 years$8,342$7,782$7,258$6,769$6,312$4,609
8 years$7,226$6,671$6,156$5,678$5,237$3,629
9 years$6,358$5,808$5,302$4,837$4,410$2,897
10 years$5,664$5,119$4,622$4,169$3,758$2,336
11 years$5,096$4,558$4,069$3,629$3,232$1,898
12 years$4,624$4,091$3,611$3,183$2,800$1,552
13 years$4,224$3,697$3,227$2,810$2,442$1,276
14 years$3,882$3,360$2,899$2,494$2,141$1,052
15 years$3,586$3,070$2,618$2,224$1,885$871
16 years$3,327$2,816$2,373$1,992$1,666$723
17 years$3,099$2,594$2,159$1,790$1,477$601
18 years$2,896$2,397$1,971$1,613$1,313$501
19 years$2,715$2,221$1,805$1,457$1,171$418
20 years$2,552$2,064$1,656$1,320$1,046$349
21 years$2,405$1,923$1,523$1,198$936$292
22 years$2,272$1,795$1,404$1,089$839$244
23 years$2,150$1,679$1,296$992$753$204
24 years$2,039$1,573$1,199$905$677$171
25 years$1,936$1,476$1,110$826$609$144
26 years$1,842$1,387$1,030$755$548$120
27 years$1,755$1,305$956$691$495$101
28 years$1,674$1,230$889$634$446$85
29 years$1,599$1,160$827$581$403$71
30 years$1,529$1,096$771$533$364$60
31 years$1,463$1,036$718$490$329$50
32 years$1,402$980$670$450$298$42
33 years$1,345$928$626$414$269$35
34 years$1,291$880$585$381$244$30
35 years$1,240$835$547$351$221$25
36 years$1,193$792$511$323$200$21
37 years$1,148$752$479$297$181$18
38 years$1,105$715$448$274$165$15
39 years$1,065$680$420$253$149$12
40 years$1,027$647$394$233$135$10
41 years$991$616$369$215$123$9
42 years$956$586$346$199$111$7
43 years$923$559$325$183$101$6
44 years$892$533$305$169$92$5
45 years$863$508$286$156$83$4
46 years$834$484$269$144$76$4
47 years$807$462$253$133$69$3
48 years$782$441$237$123$62$3
49 years$757$421$223$114$57$2
50 years$733$403$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 $751,000, adding $5,047 every year, while hoping to spend $26,230 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: 67/14/19 Blend
50$751,000$751,000$751,000$751,000
51$832,808$793,005$781,364$884,364
52$889,846$803,954$779,632$930,446
53$951,823$814,560$776,962$977,311
54$1,019,214$824,779$773,295$1,027,924
55$1,092,544$834,563$768,571$1,082,652
56$1,172,389$843,862$762,724$1,141,900
57$1,259,383$852,621$755,685$1,206,117
58$1,354,223$860,783$747,384$1,275,794
59$1,457,678$868,286$737,746$1,351,475
60$1,570,594$875,065$726,693$1,433,759
61$1,693,900$881,049$714,142$1,523,307
62$1,828,622$886,163$700,010$1,620,848
63$1,975,886$890,330$684,205$1,727,185
64$2,136,934$893,464$666,634$1,843,204
65$2,313,134$895,477$647,199$1,969,883
66$2,505,991$896,272$625,797$2,108,298
67$2,717,162$895,749$602,321$2,259,638
68$2,948,472$893,801$576,659$2,425,213
69$3,201,932$890,314$548,693$2,606,467
70$3,479,756$885,166$518,301$2,804,993
71$3,784,382$878,229$485,354$3,022,547
72$4,118,494$869,368$449,719$3,261,066
73$4,485,051$858,437$411,255$3,522,685
74$4,887,311$845,285$369,817$3,809,759
75$5,328,862$829,750$325,251$4,124,883
76$5,813,657$811,659$277,398$4,470,919
77$6,346,051$790,831$226,092$4,851,024
78$6,930,840$767,073$171,158$5,268,677
79$7,573,309$740,183$112,414$5,727,713
80$8,279,278$709,944$49,672$6,232,363
81$9,055,161$676,128$0$6,787,289
82$9,908,023$638,494$0$7,401,135
83$10,845,648$596,786$0$8,087,040
84$11,876,612$550,736$0$8,841,215
85$13,010,362$500,058$0$9,670,593
86$14,257,308$444,450$0$10,582,816
87$15,628,919$383,594$0$11,586,305
88$17,137,832$317,153$0$12,690,339
89$18,797,969$244,771$0$13,905,146
90$20,624,670$166,074$0$15,241,997
91$22,634,838$80,663$0$16,713,313
92$24,847,096$0$0$18,332,782
93$27,281,965$0$0$20,117,322
94$29,962,055$0$0$22,095,319
95$32,912,280$0$0$24,272,742
96$36,160,093$0$0$26,669,859
97$39,735,741$0$0$29,309,003
98$43,672,555$0$0$32,214,782
99$48,007,264$0$0$35,414,312
100$52,780,336$0$0$38,937,474