Can I retire at age 51 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$62,182$61,628$61,088$60,560$60,045$59,026
2 years$30,783$30,210$29,654$29,116$28,593$27,569
3 years$20,318$19,742$19,188$18,655$18,141$17,144
4 years$15,087$14,513$13,964$13,440$12,938$11,977
5 years$11,949$11,378$10,837$10,323$9,835$8,912
6 years$9,857$9,291$8,758$8,255$7,782$6,898
7 years$8,364$7,803$7,278$6,787$6,329$5,484
8 years$7,245$6,688$6,172$5,694$5,251$4,444
9 years$6,375$5,823$5,316$4,850$4,422$3,654
10 years$5,679$5,133$4,635$4,180$3,768$3,038
11 years$5,110$4,570$4,080$3,638$3,240$2,547
12 years$4,636$4,101$3,621$3,191$2,808$2,151
13 years$4,236$3,707$3,235$2,817$2,449$1,827
14 years$3,893$3,369$2,907$2,501$2,146$1,559
15 years$3,596$3,078$2,624$2,230$1,890$1,335
16 years$3,336$2,824$2,379$1,997$1,670$1,148
17 years$3,107$2,601$2,165$1,794$1,481$989
18 years$2,904$2,403$1,977$1,617$1,317$854
19 years$2,722$2,227$1,809$1,461$1,174$739
20 years$2,559$2,070$1,661$1,323$1,048$641
21 years$2,412$1,928$1,527$1,201$938$556
22 years$2,278$1,799$1,408$1,092$841$484
23 years$2,156$1,683$1,300$995$755$421
24 years$2,044$1,577$1,202$907$678$367
25 years$1,941$1,480$1,113$828$611$320
26 years$1,847$1,391$1,033$757$550$279
27 years$1,759$1,309$959$693$496$243
28 years$1,678$1,233$891$635$447$212
29 years$1,603$1,164$830$583$404$186
30 years$1,533$1,099$773$535$365$162
31 years$1,467$1,039$720$491$330$142
32 years$1,406$983$672$451$299$124
33 years$1,349$931$628$415$270$109
34 years$1,295$882$586$382$245$95
35 years$1,244$837$548$351$222$83
36 years$1,196$794$513$324$201$73
37 years$1,151$754$480$298$182$64
38 years$1,108$717$449$275$165$56
39 years$1,068$682$421$253$150$49
40 years$1,029$649$395$234$136$43
41 years$993$617$370$216$123$37
42 years$959$588$347$199$112$33
43 years$926$560$326$184$101$29
44 years$895$534$306$170$92$25
45 years$865$509$287$157$84$22
46 years$837$486$270$145$76$19
47 years$809$464$253$134$69$17
48 years$784$443$238$124$63$15
49 years$759$423$224$114$57$13
50 years$735$404$210$106$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $753,000, adding $3,874 every year, while hoping to spend $21,700 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: 53/32/15 Blend
50$753,000$753,000$753,000$753,000
51$833,802$793,893$782,222$874,450
52$895,761$809,705$785,337$918,453
53$963,313$825,565$787,830$963,672
54$1,037,005$841,451$789,656$1,012,385
55$1,117,439$857,342$790,770$1,064,928
56$1,205,280$873,214$791,123$1,121,674
57$1,301,257$889,040$790,664$1,183,033
58$1,406,174$904,792$789,340$1,249,458
59$1,520,917$920,440$787,096$1,321,445
60$1,646,460$935,951$783,873$1,399,544
61$1,783,877$951,290$779,611$1,484,361
62$1,934,348$966,420$774,243$1,576,564
63$2,099,176$981,298$767,705$1,676,888
64$2,279,793$995,883$759,924$1,786,146
65$2,477,778$1,010,127$750,828$1,905,231
66$2,694,869$1,023,981$740,338$2,035,131
67$2,932,980$1,037,391$728,374$2,176,933
68$3,194,221$1,050,300$714,851$2,331,836
69$3,480,913$1,062,647$699,681$2,501,164
70$3,795,617$1,074,366$682,770$2,686,374
71$4,141,148$1,085,389$664,022$2,889,074
72$4,520,613$1,095,641$643,334$3,111,037
73$4,937,431$1,105,043$620,602$3,354,217
74$5,395,370$1,113,511$595,712$3,620,768
75$5,898,579$1,120,954$568,550$3,913,068
76$6,451,632$1,127,278$538,994$4,233,736
77$7,059,564$1,132,381$506,917$4,585,660
78$7,727,927$1,136,155$472,186$4,972,025
79$8,462,834$1,138,485$434,662$5,396,341
80$9,271,021$1,139,249$394,201$5,862,480
81$10,159,910$1,138,317$350,652$6,374,710
82$11,137,678$1,135,551$303,855$6,937,736
83$12,213,334$1,130,806$253,647$7,556,745
84$13,396,804$1,123,926$199,855$8,237,457
85$14,699,027$1,114,747$142,299$8,986,176
86$16,132,052$1,103,095$80,791$9,809,853
87$17,709,159$1,088,783$15,134$10,716,151
88$19,444,976$1,071,617$0$11,713,518
89$21,355,626$1,051,389$0$12,820,059
90$23,458,871$1,027,878$0$14,040,404
91$25,774,284$1,000,851$0$15,383,482
92$28,323,430$970,063$0$16,861,806
93$31,130,075$935,251$0$18,489,168
94$34,220,404$896,139$0$20,280,768
95$37,623,271$852,436$0$22,253,361
96$41,370,470$803,831$0$24,425,414
97$45,497,037$749,998$0$26,817,277
98$50,041,578$690,590$0$29,451,384
99$55,046,632$625,243$0$32,352,457
100$60,559,078$553,569$0$35,547,746