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%18%
1 years$62,430$61,874$61,331$60,802$60,285$58,331
2 years$30,906$30,330$29,772$29,232$28,707$26,758
3 years$20,399$19,821$19,265$18,729$18,213$16,328
4 years$15,147$14,571$14,020$13,493$12,990$11,184
5 years$11,996$11,424$10,880$10,364$9,874$8,153
6 years$9,897$9,328$8,793$8,288$7,813$6,178
7 years$8,398$7,834$7,307$6,814$6,354$4,804
8 years$7,274$6,715$6,197$5,716$5,272$3,806
9 years$6,400$5,847$5,337$4,869$4,439$3,056
10 years$5,701$5,154$4,653$4,197$3,783$2,480
11 years$5,130$4,588$4,096$3,653$3,253$2,029
12 years$4,655$4,118$3,636$3,204$2,819$1,670
13 years$4,253$3,721$3,248$2,829$2,458$1,382
14 years$3,908$3,383$2,918$2,511$2,155$1,148
15 years$3,610$3,090$2,635$2,239$1,897$957
16 years$3,349$2,835$2,389$2,005$1,677$800
17 years$3,120$2,611$2,174$1,802$1,487$670
18 years$2,916$2,413$1,984$1,624$1,322$562
19 years$2,733$2,236$1,817$1,467$1,178$473
20 years$2,569$2,078$1,667$1,329$1,053$398
21 years$2,421$1,935$1,534$1,206$942$335
22 years$2,287$1,807$1,413$1,096$844$283
23 years$2,164$1,690$1,305$998$758$239
24 years$2,052$1,583$1,207$911$681$201
25 years$1,949$1,486$1,118$832$613$170
26 years$1,854$1,396$1,037$760$552$144
27 years$1,766$1,314$963$696$498$122
28 years$1,685$1,238$895$638$449$103
29 years$1,609$1,168$833$585$406$87
30 years$1,539$1,103$776$537$366$74
31 years$1,473$1,043$723$493$331$62
32 years$1,412$987$675$453$300$53
33 years$1,354$935$630$417$271$45
34 years$1,300$886$589$383$246$38
35 years$1,249$840$550$353$222$32
36 years$1,201$797$515$325$202$27
37 years$1,155$757$482$299$183$23
38 years$1,113$720$451$276$166$20
39 years$1,072$684$423$254$150$17
40 years$1,034$651$396$235$136$14
41 years$997$620$372$217$124$12
42 years$962$590$349$200$112$10
43 years$930$562$327$184$102$9
44 years$898$536$307$170$92$7
45 years$868$511$288$157$84$6
46 years$840$488$271$145$76$5
47 years$813$465$254$134$69$4
48 years$787$444$239$124$63$4
49 years$762$424$225$115$57$3
50 years$738$405$211$106$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $756,000, adding $5,991 every year, while hoping to spend $40,827 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: 40/42/18 Blend
50$756,000$756,000$756,000$756,000
51$839,292$799,224$787,506$868,165
52$881,460$794,946$770,448$885,039
53$926,561$789,090$751,450$898,898
54$974,851$781,536$730,404$913,036
55$1,026,610$772,156$707,197$927,500
56$1,082,147$760,815$681,711$942,344
57$1,141,800$747,369$653,822$957,631
58$1,205,940$731,666$623,401$973,434
59$1,274,973$713,545$590,313$989,836
60$1,349,348$692,837$554,416$1,006,933
61$1,429,555$669,359$515,563$1,024,836
62$1,516,135$642,923$473,599$1,043,668
63$1,609,680$613,325$428,364$1,063,573
64$1,710,842$580,353$379,688$1,084,713
65$1,820,337$543,779$327,397$1,107,271
66$1,938,952$503,366$271,306$1,131,455
67$2,067,555$458,860$211,224$1,157,499
68$2,207,095$409,994$146,950$1,185,669
69$2,358,621$356,486$78,275$1,216,264
70$2,523,285$298,038$4,982$1,249,618
71$2,702,353$234,335$0$1,286,109
72$2,897,219$165,043$0$1,340,228
73$3,109,417$89,812$0$1,400,317
74$3,340,635$8,270$0$1,466,001
75$3,592,730$0$0$1,537,925
76$3,867,746$0$0$1,653,768
77$4,167,933$0$0$1,784,480
78$4,495,769$0$0$1,927,328
79$4,853,978$0$0$2,083,513
80$5,245,564$0$0$2,254,356
81$5,673,831$0$0$2,441,313
82$6,142,417$0$0$2,645,985
83$6,655,329$0$0$2,870,136
84$7,216,980$0$0$3,115,711
85$7,832,228$0$0$3,384,847
86$8,506,422$0$0$3,679,903
87$9,245,457$0$0$4,003,473
88$10,055,822$0$0$4,358,416
89$10,944,665$0$0$4,747,881
90$11,919,859$0$0$5,175,336
91$12,990,077$0$0$5,644,602
92$14,164,870$0$0$6,159,886
93$15,454,761$0$0$6,725,824
94$16,871,340$0$0$7,347,523
95$18,427,376$0$0$8,030,609
96$20,136,936$0$0$8,781,279
97$22,015,515$0$0$9,606,362
98$24,080,184$0$0$10,513,378
99$26,349,751$0$0$11,510,617
100$28,844,935$0$0$12,607,207