Can I retire at age 51 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$62,512$61,956$61,412$60,882$60,364$59,121
2 years$30,947$30,370$29,812$29,270$28,745$27,498
3 years$20,426$19,847$19,290$18,754$18,237$17,026
4 years$15,167$14,590$14,038$13,511$13,007$11,840
5 years$12,012$11,439$10,894$10,378$9,888$8,769
6 years$9,910$9,341$8,804$8,299$7,824$6,754
7 years$8,409$7,844$7,316$6,823$6,363$5,342
8 years$7,283$6,724$6,205$5,724$5,278$4,307
9 years$6,408$5,854$5,344$4,875$4,445$3,522
10 years$5,709$5,160$4,659$4,203$3,788$2,912
11 years$5,137$4,594$4,102$3,658$3,257$2,428
12 years$4,661$4,123$3,640$3,208$2,823$2,039
13 years$4,258$3,726$3,252$2,832$2,462$1,721
14 years$3,913$3,387$2,922$2,514$2,158$1,460
15 years$3,615$3,094$2,638$2,242$1,900$1,243
16 years$3,354$2,839$2,392$2,008$1,679$1,061
17 years$3,124$2,614$2,177$1,804$1,489$909
18 years$2,919$2,416$1,987$1,626$1,324$780
19 years$2,737$2,239$1,819$1,469$1,180$670
20 years$2,573$2,081$1,669$1,330$1,054$577
21 years$2,425$1,938$1,536$1,207$943$498
22 years$2,290$1,809$1,415$1,098$845$430
23 years$2,167$1,692$1,307$1,000$759$371
24 years$2,055$1,585$1,209$912$682$321
25 years$1,952$1,488$1,119$833$614$278
26 years$1,857$1,398$1,038$761$553$241
27 years$1,769$1,316$964$697$498$208
28 years$1,687$1,240$896$639$450$181
29 years$1,611$1,170$834$586$406$157
30 years$1,541$1,105$777$537$367$136
31 years$1,475$1,044$724$494$332$118
32 years$1,413$988$676$454$300$102
33 years$1,356$936$631$417$272$89
34 years$1,301$887$589$384$246$77
35 years$1,250$841$551$353$223$67
36 years$1,202$798$516$325$202$58
37 years$1,157$758$483$300$183$51
38 years$1,114$721$452$276$166$44
39 years$1,073$685$423$255$150$38
40 years$1,035$652$397$235$136$33
41 years$998$621$372$217$124$29
42 years$964$591$349$200$112$25
43 years$931$563$328$185$102$22
44 years$899$537$307$171$92$19
45 years$870$512$289$158$84$16
46 years$841$488$271$146$76$14
47 years$814$466$255$134$69$12
48 years$788$445$239$124$63$11
49 years$763$425$225$115$57$9
50 years$739$406$212$106$52$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $757,000, adding $4,777 every year, while hoping to spend $20,837 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: 38/48/14 Blend
50$757,000$757,000$757,000$757,000
51$839,141$799,020$787,287$867,304
52$902,563$816,002$791,491$904,836
53$971,756$833,117$795,137$943,004
54$1,047,286$850,351$798,185$983,799
55$1,129,777$867,686$800,592$1,027,470
56$1,219,916$885,104$802,313$1,074,287
57$1,318,458$902,585$803,301$1,124,550
58$1,426,236$920,107$803,507$1,178,590
59$1,544,166$937,646$802,878$1,236,772
60$1,673,257$955,177$801,361$1,299,496
61$1,814,621$972,672$798,898$1,367,206
62$1,969,480$990,101$795,429$1,440,390
63$2,139,183$1,007,432$790,892$1,519,589
64$2,325,213$1,024,629$785,220$1,605,395
65$2,529,205$1,041,656$778,345$1,698,465
66$2,752,959$1,058,472$770,195$1,799,523
67$2,998,458$1,075,034$760,693$1,909,364
68$3,267,885$1,091,296$749,762$2,028,871
69$3,563,647$1,107,207$737,316$2,159,012
70$3,888,394$1,122,715$723,271$2,300,858
71$4,245,044$1,137,762$707,535$2,455,591
72$4,636,814$1,152,288$690,012$2,624,511
73$5,067,246$1,166,227$670,605$2,809,056
74$5,540,242$1,179,509$649,207$3,010,809
75$6,060,102$1,192,060$625,711$3,231,519
76$6,631,563$1,203,802$600,002$3,473,111
77$7,259,842$1,214,648$571,963$3,737,712
78$7,950,690$1,224,510$541,467$4,027,666
79$8,710,440$1,233,290$508,386$4,345,559
80$9,546,071$1,240,888$472,583$4,694,241
81$10,465,272$1,247,193$433,917$5,076,857
82$11,476,515$1,252,091$392,238$5,496,876
83$12,589,134$1,255,457$347,392$5,958,121
84$13,813,413$1,257,163$299,218$6,464,811
85$15,160,685$1,257,068$247,545$7,021,596
86$16,643,436$1,255,024$192,199$7,633,606
87$18,275,422$1,250,876$132,993$8,306,496
88$20,071,803$1,244,457$69,736$9,046,502
89$22,049,282$1,235,590$2,227$9,860,501
90$24,226,263$1,224,089$0$10,756,077
91$26,623,028$1,209,755$0$11,752,019
92$29,261,921$1,192,378$0$12,848,150
93$32,167,567$1,171,734$0$14,054,336
94$35,367,098$1,147,588$0$15,381,821
95$38,890,412$1,119,690$0$16,842,997
96$42,770,454$1,087,775$0$18,451,527
97$47,043,526$1,051,562$0$20,222,473
98$51,749,633$1,010,756$0$22,172,436
99$56,932,854$965,041$0$24,319,717
100$62,641,763$914,086$0$26,684,490