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%16.8%
1 years$62,017$61,464$60,926$60,399$59,886$58,226
2 years$30,701$30,130$29,575$29,038$28,517$26,857
3 years$20,264$19,690$19,137$18,605$18,092$16,484
4 years$15,047$14,474$13,927$13,404$12,904$11,360
5 years$11,917$11,348$10,808$10,295$9,809$8,334
6 years$9,831$9,266$8,734$8,233$7,762$6,356
7 years$8,342$7,782$7,258$6,769$6,312$4,977
8 years$7,226$6,671$6,156$5,678$5,237$3,970
9 years$6,358$5,808$5,302$4,837$4,410$3,212
10 years$5,664$5,119$4,622$4,169$3,758$2,626
11 years$5,096$4,558$4,069$3,629$3,232$2,165
12 years$4,624$4,091$3,611$3,183$2,800$1,796
13 years$4,224$3,697$3,227$2,810$2,442$1,498
14 years$3,882$3,360$2,899$2,494$2,141$1,255
15 years$3,586$3,070$2,618$2,224$1,885$1,055
16 years$3,327$2,816$2,373$1,992$1,666$889
17 years$3,099$2,594$2,159$1,790$1,477$752
18 years$2,896$2,397$1,971$1,613$1,313$637
19 years$2,715$2,221$1,805$1,457$1,171$540
20 years$2,552$2,064$1,656$1,320$1,046$459
21 years$2,405$1,923$1,523$1,198$936$390
22 years$2,272$1,795$1,404$1,089$839$332
23 years$2,150$1,679$1,296$992$753$283
24 years$2,039$1,573$1,199$905$677$241
25 years$1,936$1,476$1,110$826$609$206
26 years$1,842$1,387$1,030$755$548$176
27 years$1,755$1,305$956$691$495$150
28 years$1,674$1,230$889$634$446$128
29 years$1,599$1,160$827$581$403$110
30 years$1,529$1,096$771$533$364$94
31 years$1,463$1,036$718$490$329$80
32 years$1,402$980$670$450$298$68
33 years$1,345$928$626$414$269$59
34 years$1,291$880$585$381$244$50
35 years$1,240$835$547$351$221$43
36 years$1,193$792$511$323$200$37
37 years$1,148$752$479$297$181$31
38 years$1,105$715$448$274$165$27
39 years$1,065$680$420$253$149$23
40 years$1,027$647$394$233$135$20
41 years$991$616$369$215$123$17
42 years$956$586$346$199$111$14
43 years$923$559$325$183$101$12
44 years$892$533$305$169$92$11
45 years$863$508$286$156$83$9
46 years$834$484$269$144$76$8
47 years$807$462$253$133$69$7
48 years$782$441$237$123$62$6
49 years$757$421$223$114$57$5
50 years$733$403$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 $751,000, adding $4,611 every year, while hoping to spend $48,209 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: 75/9/16 Blend
50$751,000$751,000$751,000$751,000
51$832,358$792,555$780,915$891,491
52$865,965$780,096$755,781$918,770
53$901,383$765,411$728,190$942,234
54$938,748$748,340$698,008$966,657
55$978,205$728,713$665,096$992,121
56$1,019,913$706,351$629,308$1,018,717
57$1,064,046$681,064$590,492$1,046,544
58$1,110,794$652,652$548,488$1,075,716
59$1,160,364$620,901$503,131$1,106,356
60$1,212,982$585,586$454,248$1,138,601
61$1,268,897$546,471$401,656$1,172,603
62$1,328,379$503,302$345,166$1,208,533
63$1,391,725$455,815$284,580$1,246,577
64$1,459,260$403,729$219,692$1,286,943
65$1,531,339$346,746$150,286$1,329,862
66$1,608,351$284,553$76,137$1,375,588
67$1,690,725$216,818$0$1,424,406
68$1,778,928$143,191$0$1,477,140
69$1,873,474$63,303$0$1,547,530
70$1,974,927$0$0$1,622,993
71$2,083,903$0$0$1,706,303
72$2,201,082$0$0$1,802,646
73$2,327,210$0$0$1,906,369
74$2,463,103$0$0$2,018,148
75$2,609,661$0$0$2,138,723
76$2,767,870$0$0$2,268,911
77$2,938,815$0$0$2,409,607
78$3,123,688$0$0$2,561,796
79$3,323,800$0$0$2,726,560
80$3,540,590$0$0$2,905,089
81$3,775,642$0$0$3,098,692
82$4,030,697$0$0$3,308,806
83$4,307,672$0$0$3,537,014
84$4,608,671$0$0$3,785,057
85$4,936,014$0$0$4,054,850
86$5,292,249$0$0$4,348,498
87$5,680,182$0$0$4,668,320
88$6,102,901$0$0$5,016,867
89$6,563,801$0$0$5,396,945
90$7,066,624$0$0$5,811,645
91$7,615,483$0$0$6,264,366
92$8,214,911$0$0$6,758,853
93$8,869,893$0$0$7,299,227
94$9,585,921$0$0$7,890,024
95$10,369,040$0$0$8,536,241
96$11,225,906$0$0$9,243,376
97$12,163,847$0$0$10,017,488
98$13,190,935$0$0$10,865,244
99$14,316,057$0$0$11,793,989
100$15,548,999$0$0$12,811,812