Can I retire at age 51 with 755,000?

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 $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%17%
1 years$62,347$61,792$61,250$60,721$60,205$58,489
2 years$30,865$30,290$29,733$29,193$28,669$26,953
3 years$20,372$19,795$19,239$18,704$18,189$16,527
4 years$15,127$14,551$14,001$13,475$12,972$11,378
5 years$11,981$11,408$10,866$10,350$9,861$8,338
6 years$9,884$9,316$8,781$8,277$7,803$6,353
7 years$8,386$7,823$7,297$6,805$6,346$4,968
8 years$7,264$6,706$6,188$5,709$5,265$3,959
9 years$6,392$5,839$5,330$4,863$4,434$3,199
10 years$5,694$5,147$4,647$4,192$3,778$2,612
11 years$5,124$4,582$4,091$3,648$3,249$2,150
12 years$4,649$4,112$3,631$3,200$2,815$1,782
13 years$4,247$3,716$3,244$2,825$2,455$1,484
14 years$3,903$3,378$2,915$2,508$2,152$1,242
15 years$3,605$3,086$2,631$2,236$1,895$1,042
16 years$3,345$2,831$2,386$2,002$1,675$878
17 years$3,115$2,608$2,171$1,799$1,485$741
18 years$2,912$2,409$1,982$1,621$1,320$626
19 years$2,730$2,233$1,814$1,465$1,177$530
20 years$2,566$2,075$1,665$1,327$1,051$450
21 years$2,418$1,933$1,532$1,204$941$382
22 years$2,284$1,804$1,412$1,095$843$325
23 years$2,161$1,687$1,303$997$757$276
24 years$2,049$1,581$1,205$909$680$235
25 years$1,947$1,484$1,116$831$612$200
26 years$1,852$1,394$1,035$759$551$171
27 years$1,764$1,312$961$695$497$145
28 years$1,683$1,237$894$637$449$124
29 years$1,607$1,167$832$584$405$106
30 years$1,537$1,102$775$536$366$90
31 years$1,471$1,042$722$492$331$77
32 years$1,410$985$674$452$299$66
33 years$1,352$933$629$416$271$56
34 years$1,298$885$588$383$245$48
35 years$1,247$839$550$352$222$41
36 years$1,199$796$514$325$201$35
37 years$1,154$756$481$299$182$30
38 years$1,111$719$451$276$165$26
39 years$1,071$683$422$254$150$22
40 years$1,032$650$396$234$136$19
41 years$996$619$371$216$123$16
42 years$961$590$348$200$112$14
43 years$928$562$327$184$102$12
44 years$897$535$307$170$92$10
45 years$867$511$288$157$84$9
46 years$839$487$270$145$76$7
47 years$812$465$254$134$69$6
48 years$786$444$239$124$63$5
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 $4,982 every year, while hoping to spend $21,354 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: 50/25/25 Blend
50$755,000$755,000$755,000$755,000
51$837,149$797,134$785,431$872,885
52$899,818$813,473$789,023$914,624
53$968,163$829,897$792,019$957,415
54$1,042,741$846,388$794,377$1,003,494
55$1,124,165$862,925$796,053$1,053,183
56$1,213,108$879,486$796,999$1,106,835
57$1,310,313$896,050$797,167$1,164,840
58$1,416,598$912,589$796,505$1,227,629
59$1,532,862$929,076$794,958$1,295,676
60$1,660,095$945,482$792,471$1,369,505
61$1,799,389$961,775$788,983$1,449,693
62$1,951,944$977,920$784,431$1,536,877
63$2,119,085$993,880$778,752$1,631,760
64$2,302,267$1,009,615$771,876$1,735,115
65$2,503,095$1,025,084$763,730$1,847,798
66$2,723,336$1,040,239$754,241$1,970,750
67$2,964,938$1,055,031$743,329$2,105,012
68$3,230,043$1,069,409$730,912$2,251,728
69$3,521,013$1,083,316$716,904$2,412,165
70$3,840,449$1,096,692$701,213$2,587,715
71$4,191,218$1,109,472$683,746$2,779,917
72$4,576,474$1,121,589$664,404$2,990,465
73$4,999,696$1,132,968$643,083$3,221,232
74$5,464,714$1,143,533$619,675$3,474,277
75$5,975,748$1,153,199$594,067$3,751,877
76$6,537,446$1,161,878$566,141$4,056,538
77$7,154,932$1,169,475$535,772$4,391,026
78$7,833,847$1,175,891$502,833$4,758,391
79$8,580,408$1,181,019$467,186$5,161,996
80$9,401,464$1,184,744$428,692$5,605,548
81$10,304,564$1,186,946$387,203$6,093,135
82$11,298,019$1,187,497$342,565$6,629,266
83$12,390,993$1,186,260$294,617$7,218,912
84$13,593,578$1,183,091$243,190$7,867,552
85$14,916,896$1,177,835$188,110$8,581,229
86$16,373,201$1,170,330$129,193$9,366,605
87$17,975,995$1,160,403$66,248$10,231,024
88$19,740,154$1,147,871$0$11,182,585
89$21,682,072$1,132,539$0$12,230,463
90$23,819,810$1,114,201$0$13,403,126
91$26,173,273$1,092,638$0$14,693,795
92$28,764,389$1,067,620$0$16,114,491
93$31,617,325$1,038,901$0$17,678,465
94$34,758,708$1,006,223$0$19,400,321
95$38,217,878$969,311$0$21,296,152
96$42,027,169$927,874$0$23,383,697
97$46,222,206$881,605$0$25,682,505
98$50,842,246$830,179$0$28,214,121
99$55,930,550$773,253$0$31,002,291
100$61,534,787$710,463$0$34,073,185