Can I retire at age 51 with 754,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$62,265$61,710$61,169$60,641$60,125$57,992
2 years$30,824$30,250$29,694$29,154$28,631$26,504
3 years$20,345$19,769$19,214$18,679$18,165$16,112
4 years$15,107$14,532$13,983$13,457$12,955$10,992
5 years$11,965$11,393$10,851$10,337$9,848$7,979
6 years$9,871$9,304$8,769$8,266$7,793$6,019
7 years$8,375$7,813$7,287$6,796$6,338$4,660
8 years$7,254$6,697$6,180$5,701$5,258$3,674
9 years$6,383$5,831$5,323$4,856$4,428$2,936
10 years$5,686$5,140$4,641$4,186$3,773$2,370
11 years$5,117$4,576$4,086$3,643$3,245$1,929
12 years$4,642$4,107$3,626$3,195$2,812$1,579
13 years$4,241$3,711$3,240$2,821$2,452$1,300
14 years$3,898$3,374$2,911$2,504$2,149$1,074
15 years$3,600$3,082$2,628$2,233$1,892$890
16 years$3,341$2,828$2,383$2,000$1,672$740
17 years$3,111$2,604$2,168$1,797$1,483$616
18 years$2,908$2,406$1,979$1,619$1,319$514
19 years$2,726$2,230$1,812$1,463$1,175$429
20 years$2,563$2,072$1,663$1,325$1,050$359
21 years$2,415$1,930$1,530$1,203$939$301
22 years$2,281$1,802$1,410$1,093$842$252
23 years$2,159$1,685$1,302$996$756$211
24 years$2,047$1,579$1,204$908$679$177
25 years$1,944$1,482$1,115$829$611$149
26 years$1,849$1,393$1,034$758$551$125
27 years$1,762$1,311$960$694$496$105
28 years$1,681$1,235$893$636$448$88
29 years$1,605$1,165$831$583$405$74
30 years$1,535$1,100$774$535$366$62
31 years$1,469$1,040$721$492$330$53
32 years$1,408$984$673$452$299$44
33 years$1,350$932$628$415$271$37
34 years$1,296$883$587$382$245$31
35 years$1,245$838$549$352$222$26
36 years$1,198$795$514$324$201$22
37 years$1,152$755$481$299$182$19
38 years$1,110$718$450$275$165$16
39 years$1,069$683$422$254$150$13
40 years$1,031$649$395$234$136$11
41 years$994$618$371$216$123$9
42 years$960$589$348$199$112$8
43 years$927$561$326$184$101$7
44 years$896$535$306$170$92$6
45 years$866$510$288$157$84$5
46 years$838$486$270$145$76$4
47 years$811$464$254$134$69$3
48 years$785$443$238$124$63$3
49 years$760$423$224$114$57$2
50 years$736$404$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $754,000, adding $3,456 every year, while hoping to spend $39,754 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: 81/14/5 Blend
50$754,000$754,000$754,000$754,000
51$834,473$794,511$782,824$901,677
52$877,291$791,144$766,751$942,753
53$923,145$786,280$748,806$982,162
54$972,301$779,803$728,887$1,024,184
55$1,025,053$771,591$706,882$1,069,058
56$1,081,724$761,514$682,678$1,117,046
57$1,142,666$749,435$656,155$1,168,438
58$1,208,270$735,209$627,187$1,223,552
59$1,278,959$718,680$595,644$1,282,740
60$1,355,204$699,686$561,389$1,346,389
61$1,437,518$678,054$524,278$1,414,925
62$1,526,466$653,600$484,164$1,488,819
63$1,622,671$626,132$440,888$1,568,588
64$1,726,814$595,443$394,289$1,654,805
65$1,839,647$561,318$344,195$1,748,097
66$1,961,995$523,526$290,429$1,849,161
67$2,094,765$481,825$232,806$1,958,760
68$2,238,956$435,960$171,130$2,077,739
69$2,395,667$385,659$105,199$2,207,027
70$2,566,104$330,636$34,803$2,347,650
71$2,751,598$270,588$0$2,500,739
72$2,953,610$205,196$0$2,669,691
73$3,173,750$134,122$0$2,855,852
74$3,413,788$57,010$0$3,058,892
75$3,675,674$0$0$3,280,494
76$3,961,554$0$0$3,526,601
77$4,273,789$0$0$3,805,007
78$4,614,978$0$0$4,109,249
79$4,987,985$0$0$4,441,882
80$5,395,960$0$0$4,805,718
81$5,842,373$0$0$5,203,854
82$6,331,045$0$0$5,639,701
83$6,866,184$0$0$6,117,014
84$7,452,422$0$0$6,639,927
85$8,094,861$0$0$7,212,996
86$8,799,122$0$0$7,841,235
87$9,571,393$0$0$8,530,168
88$10,418,490$0$0$9,285,881
89$11,347,922$0$0$10,115,073
90$12,367,958$0$0$11,025,127
91$13,487,708$0$0$12,024,174
92$14,717,207$0$0$13,121,169
93$16,067,508$0$0$14,325,980
94$17,550,787$0$0$15,649,475
95$19,180,460$0$0$17,103,627
96$20,971,303$0$0$18,701,626
97$22,939,596$0$0$20,458,004
98$25,103,277$0$0$22,388,771
99$27,482,103$0$0$24,511,563
100$30,097,846$0$0$26,845,813