Can I retire at age 51 with 756,000?

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 $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%11.5%
1 years$62,430$61,874$61,331$60,802$60,285$59,905
2 years$30,906$30,330$29,772$29,232$28,707$28,324
3 years$20,399$19,821$19,265$18,729$18,213$17,838
4 years$15,147$14,571$14,020$13,493$12,990$12,626
5 years$11,996$11,424$10,880$10,364$9,874$9,524
6 years$9,897$9,328$8,793$8,288$7,813$7,476
7 years$8,398$7,834$7,307$6,814$6,354$6,030
8 years$7,274$6,715$6,197$5,716$5,272$4,960
9 years$6,400$5,847$5,337$4,869$4,439$4,141
10 years$5,701$5,154$4,653$4,197$3,783$3,497
11 years$5,130$4,588$4,096$3,653$3,253$2,980
12 years$4,655$4,118$3,636$3,204$2,819$2,559
13 years$4,253$3,721$3,248$2,829$2,458$2,210
14 years$3,908$3,383$2,918$2,511$2,155$1,919
15 years$3,610$3,090$2,635$2,239$1,897$1,673
16 years$3,349$2,835$2,389$2,005$1,677$1,464
17 years$3,120$2,611$2,174$1,802$1,487$1,285
18 years$2,916$2,413$1,984$1,624$1,322$1,130
19 years$2,733$2,236$1,817$1,467$1,178$997
20 years$2,569$2,078$1,667$1,329$1,053$881
21 years$2,421$1,935$1,534$1,206$942$780
22 years$2,287$1,807$1,413$1,096$844$691
23 years$2,164$1,690$1,305$998$758$614
24 years$2,052$1,583$1,207$911$681$545
25 years$1,949$1,486$1,118$832$613$485
26 years$1,854$1,396$1,037$760$552$432
27 years$1,766$1,314$963$696$498$385
28 years$1,685$1,238$895$638$449$343
29 years$1,609$1,168$833$585$406$306
30 years$1,539$1,103$776$537$366$273
31 years$1,473$1,043$723$493$331$244
32 years$1,412$987$675$453$300$218
33 years$1,354$935$630$417$271$195
34 years$1,300$886$589$383$246$174
35 years$1,249$840$550$353$222$156
36 years$1,201$797$515$325$202$140
37 years$1,155$757$482$299$183$125
38 years$1,113$720$451$276$166$112
39 years$1,072$684$423$254$150$100
40 years$1,034$651$396$235$136$90
41 years$997$620$372$217$124$80
42 years$962$590$349$200$112$72
43 years$930$562$327$184$102$64
44 years$898$536$307$170$92$58
45 years$868$511$288$157$84$52
46 years$840$488$271$145$76$46
47 years$813$465$254$134$69$42
48 years$787$444$239$124$63$37
49 years$762$424$225$115$57$33
50 years$738$405$211$106$52$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $756,000, adding $6,003 every year, while hoping to spend $32,091 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: 50/23/27 Blend
50$756,000$756,000$756,000$756,000
51$839,304$799,236$787,518$874,600
52$890,769$804,254$779,755$904,878
53$946,407$808,442$770,657$934,083
54$1,006,611$811,727$760,144$965,193
55$1,071,811$814,027$748,135$998,404
56$1,142,481$815,260$734,544$1,033,932
57$1,219,143$815,336$719,279$1,072,018
58$1,302,367$814,159$702,247$1,112,928
59$1,392,785$811,630$683,348$1,156,957
60$1,491,089$807,640$662,481$1,204,432
61$1,598,042$802,076$639,536$1,255,716
62$1,714,482$794,817$614,400$1,311,211
63$1,841,333$785,737$586,956$1,371,361
64$1,979,609$774,698$557,079$1,436,659
65$2,130,429$761,558$524,641$1,507,650
66$2,295,023$746,165$489,507$1,584,938
67$2,474,746$728,357$451,535$1,669,192
68$2,671,087$707,964$410,579$1,761,149
69$2,885,688$684,805$366,484$1,861,628
70$3,120,357$658,688$319,089$1,971,534
71$3,377,082$629,413$268,228$2,091,868
72$3,658,054$596,764$213,723$2,223,735
73$3,965,686$560,515$155,393$2,368,360
74$4,302,633$520,427$93,045$2,527,095
75$4,671,820$476,247$26,481$2,701,436
76$5,076,470$427,708$0$2,893,034
77$5,520,130$374,525$0$3,116,552
78$6,006,708$316,402$0$3,370,148
79$6,540,507$253,021$0$3,648,479
80$7,126,270$184,050$0$3,954,078
81$7,769,217$109,136$0$4,289,735
82$8,475,101$27,907$0$4,658,529
83$9,250,258$0$0$5,063,858
84$10,101,668$0$0$5,524,659
85$11,037,020$0$0$6,038,735
86$12,064,785$0$0$6,603,689
87$13,194,294$0$0$7,224,663
88$14,435,829$0$0$7,907,319
89$15,800,716$0$0$8,657,896
90$17,301,432$0$0$9,483,270
91$18,951,727$0$0$10,391,013
92$20,766,746$0$0$11,389,470
93$22,763,179$0$0$12,487,834
94$24,959,411$0$0$13,696,236
95$27,375,703$0$0$15,025,836
96$30,034,375$0$0$16,488,932
97$32,960,021$0$0$18,099,073
98$36,179,741$0$0$19,871,189
99$39,723,393$0$0$21,821,730
100$43,623,878$0$0$23,968,822