Can I retire at age 51 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$62,430$61,874$61,331$60,802$60,285$57,984
2 years$30,906$30,330$29,772$29,232$28,707$26,417
3 years$20,399$19,821$19,265$18,729$18,213$16,004
4 years$15,147$14,571$14,020$13,493$12,990$10,880
5 years$11,996$11,424$10,880$10,364$9,874$7,869
6 years$9,897$9,328$8,793$8,288$7,813$5,913
7 years$8,398$7,834$7,307$6,814$6,354$4,559
8 years$7,274$6,715$6,197$5,716$5,272$3,580
9 years$6,400$5,847$5,337$4,869$4,439$2,848
10 years$5,701$5,154$4,653$4,197$3,783$2,290
11 years$5,130$4,588$4,096$3,653$3,253$1,855
12 years$4,655$4,118$3,636$3,204$2,819$1,512
13 years$4,253$3,721$3,248$2,829$2,458$1,238
14 years$3,908$3,383$2,918$2,511$2,155$1,018
15 years$3,610$3,090$2,635$2,239$1,897$839
16 years$3,349$2,835$2,389$2,005$1,677$694
17 years$3,120$2,611$2,174$1,802$1,487$575
18 years$2,916$2,413$1,984$1,624$1,322$477
19 years$2,733$2,236$1,817$1,467$1,178$397
20 years$2,569$2,078$1,667$1,329$1,053$330
21 years$2,421$1,935$1,534$1,206$942$275
22 years$2,287$1,807$1,413$1,096$844$229
23 years$2,164$1,690$1,305$998$758$191
24 years$2,052$1,583$1,207$911$681$159
25 years$1,949$1,486$1,118$832$613$133
26 years$1,854$1,396$1,037$760$552$111
27 years$1,766$1,314$963$696$498$93
28 years$1,685$1,238$895$638$449$78
29 years$1,609$1,168$833$585$406$65
30 years$1,539$1,103$776$537$366$54
31 years$1,473$1,043$723$493$331$45
32 years$1,412$987$675$453$300$38
33 years$1,354$935$630$417$271$32
34 years$1,300$886$589$383$246$27
35 years$1,249$840$550$353$222$22
36 years$1,201$797$515$325$202$19
37 years$1,155$757$482$299$183$16
38 years$1,113$720$451$276$166$13
39 years$1,072$684$423$254$150$11
40 years$1,034$651$396$235$136$9
41 years$997$620$372$217$124$8
42 years$962$590$349$200$112$6
43 years$930$562$327$184$102$5
44 years$898$536$307$170$92$4
45 years$868$511$288$157$84$4
46 years$840$488$271$145$76$3
47 years$813$465$254$134$69$3
48 years$787$444$239$124$63$2
49 years$762$424$225$115$57$2
50 years$738$405$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 $756,000, adding $2,447 every year, while hoping to spend $31,970 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: 35/36/29 Blend
50$756,000$756,000$756,000$756,000
51$835,636$795,568$783,850$857,516
52$886,855$800,535$776,093$879,126
53$942,227$804,674$767,005$899,389
54$1,002,142$807,910$756,507$920,644
55$1,067,027$810,165$744,517$943,000
56$1,137,356$811,355$730,950$966,583
57$1,213,644$811,390$715,715$991,531
58$1,296,463$810,175$698,719$1,018,000
59$1,386,439$807,610$679,862$1,046,165
60$1,484,261$803,588$659,043$1,076,220
61$1,590,687$797,996$636,153$1,108,383
62$1,706,553$790,713$611,079$1,142,897
63$1,832,775$781,612$583,705$1,180,032
64$1,970,366$770,558$553,906$1,220,090
65$2,120,436$757,408$521,555$1,263,407
66$2,284,209$742,010$486,516$1,310,359
67$2,463,033$724,204$448,649$1,361,362
68$2,658,391$703,818$407,807$1,416,880
69$2,871,916$680,674$363,838$1,477,429
70$3,105,405$654,581$316,580$1,543,582
71$3,360,837$625,336$265,866$1,615,977
72$3,640,391$592,726$211,522$1,695,321
73$3,946,468$556,527$153,364$1,782,399
74$4,281,709$516,498$91,204$1,878,084
75$4,649,026$472,389$24,841$1,983,344
76$5,051,621$423,931$0$2,099,252
77$5,493,026$370,843$0$2,241,226
78$5,977,128$312,827$0$2,405,484
79$6,508,208$249,569$0$2,585,865
80$7,090,983$180,735$0$2,784,061
81$7,730,647$105,975$0$3,001,943
82$8,432,923$24,918$0$3,241,577
83$9,204,115$0$0$3,505,246
84$10,051,166$0$0$3,820,361
85$10,981,725$0$0$4,177,502
86$12,004,219$0$0$4,570,046
87$13,127,932$0$0$5,001,573
88$14,363,091$0$0$5,476,025
89$15,720,964$0$0$5,997,746
90$17,213,964$0$0$6,571,522
91$18,855,768$0$0$7,202,627
92$20,661,445$0$0$7,896,871
93$22,647,596$0$0$8,660,653
94$24,832,513$0$0$9,501,028
95$27,236,349$0$0$10,425,766
96$29,881,311$0$0$11,443,430
97$32,791,865$0$0$12,563,455
98$35,994,969$0$0$13,796,234
99$39,520,328$0$0$15,153,224
100$43,400,670$0$0$16,647,044