Can I retire at age 51 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$62,347$61,792$61,250$60,721$60,205$58,559
2 years$30,865$30,290$29,733$29,193$28,669$27,023
3 years$20,372$19,795$19,239$18,704$18,189$16,594
4 years$15,127$14,551$14,001$13,475$12,972$11,441
5 years$11,981$11,408$10,866$10,350$9,861$8,398
6 years$9,884$9,316$8,781$8,277$7,803$6,409
7 years$8,386$7,823$7,297$6,805$6,346$5,021
8 years$7,264$6,706$6,188$5,709$5,265$4,008
9 years$6,392$5,839$5,330$4,863$4,434$3,244
10 years$5,694$5,147$4,647$4,192$3,778$2,654
11 years$5,124$4,582$4,091$3,648$3,249$2,189
12 years$4,649$4,112$3,631$3,200$2,815$1,818
13 years$4,247$3,716$3,244$2,825$2,455$1,517
14 years$3,903$3,378$2,915$2,508$2,152$1,272
15 years$3,605$3,086$2,631$2,236$1,895$1,070
16 years$3,345$2,831$2,386$2,002$1,675$903
17 years$3,115$2,608$2,171$1,799$1,485$763
18 years$2,912$2,409$1,982$1,621$1,320$647
19 years$2,730$2,233$1,814$1,465$1,177$549
20 years$2,566$2,075$1,665$1,327$1,051$467
21 years$2,418$1,933$1,532$1,204$941$397
22 years$2,284$1,804$1,412$1,095$843$338
23 years$2,161$1,687$1,303$997$757$289
24 years$2,049$1,581$1,205$909$680$246
25 years$1,947$1,484$1,116$831$612$210
26 years$1,852$1,394$1,035$759$551$180
27 years$1,764$1,312$961$695$497$154
28 years$1,683$1,237$894$637$449$131
29 years$1,607$1,167$832$584$405$112
30 years$1,537$1,102$775$536$366$96
31 years$1,471$1,042$722$492$331$82
32 years$1,410$985$674$452$299$70
33 years$1,352$933$629$416$271$60
34 years$1,298$885$588$383$245$52
35 years$1,247$839$550$352$222$44
36 years$1,199$796$514$325$201$38
37 years$1,154$756$481$299$182$32
38 years$1,111$719$451$276$165$28
39 years$1,071$683$422$254$150$24
40 years$1,032$650$396$234$136$20
41 years$996$619$371$216$123$17
42 years$961$590$348$200$112$15
43 years$928$562$327$184$102$13
44 years$897$535$307$170$92$11
45 years$867$511$288$157$84$9
46 years$839$487$270$145$76$8
47 years$812$465$254$134$69$7
48 years$786$444$239$124$63$6
49 years$761$424$224$114$57$5
50 years$737$405$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $755,000, adding $2,065 every year, while hoping to spend $31,329 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: 37/38/25 Blend
50$755,000$755,000$755,000$755,000
51$834,140$794,125$782,423$858,687
52$885,889$799,703$775,300$882,466
53$941,865$804,505$766,889$905,099
54$1,002,469$808,459$757,112$928,929
55$1,068,136$811,489$745,892$954,086
56$1,139,350$813,516$733,142$980,711
57$1,216,638$814,453$718,777$1,008,963
58$1,300,584$814,209$702,705$1,039,021
59$1,391,827$812,690$684,830$1,071,082
60$1,491,073$809,791$665,051$1,105,367
61$1,599,096$805,404$643,263$1,142,121
62$1,716,749$799,414$619,358$1,181,619
63$1,844,971$791,699$593,220$1,224,164
64$1,984,795$782,129$564,730$1,270,095
65$2,137,357$770,567$533,762$1,319,789
66$2,303,910$756,866$500,185$1,373,664
67$2,485,829$740,874$463,862$1,432,185
68$2,684,633$722,425$424,650$1,495,869
69$2,901,990$701,348$382,400$1,565,287
70$3,139,738$677,460$336,956$1,641,078
71$3,399,901$650,566$288,154$1,723,946
72$3,684,709$620,461$235,824$1,814,675
73$3,996,614$586,928$179,790$1,914,133
74$4,338,320$549,739$119,863$2,023,282
75$4,712,802$508,650$55,853$2,143,190
76$5,123,338$463,404$0$2,275,039
77$5,573,539$413,731$0$2,423,461
78$6,067,381$359,345$0$2,602,699
79$6,609,243$299,941$0$2,799,503
80$7,203,948$235,201$0$3,015,712
81$7,856,812$164,787$0$3,253,357
82$8,573,686$88,341$0$3,514,683
83$9,361,019$5,487$0$3,802,167
84$10,225,914$0$0$4,118,547
85$11,176,195$0$0$4,502,043
86$12,220,483$0$0$4,926,110
87$13,368,274$0$0$5,392,325
88$14,630,031$0$0$5,904,953
89$16,017,281$0$0$6,468,690
90$17,542,721$0$0$7,088,715
91$19,220,345$0$0$7,770,728
92$21,065,567$0$0$8,521,014
93$23,095,371$0$0$9,346,496
94$25,328,469$0$0$10,254,802
95$27,785,482$0$0$11,254,336
96$30,489,125$0$0$12,354,360
97$33,464,429$0$0$13,565,076
98$36,738,975$0$0$14,897,729
99$40,343,152$0$0$16,364,706
100$44,310,444$0$0$17,979,658