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%11.4%
1 years$62,512$61,956$61,412$60,882$60,364$60,009
2 years$30,947$30,370$29,812$29,270$28,745$28,386
3 years$20,426$19,847$19,290$18,754$18,237$17,886
4 years$15,167$14,590$14,038$13,511$13,007$12,667
5 years$12,012$11,439$10,894$10,378$9,888$9,559
6 years$9,910$9,341$8,804$8,299$7,824$7,508
7 years$8,409$7,844$7,316$6,823$6,363$6,059
8 years$7,283$6,724$6,205$5,724$5,278$4,987
9 years$6,408$5,854$5,344$4,875$4,445$4,166
10 years$5,709$5,160$4,659$4,203$3,788$3,520
11 years$5,137$4,594$4,102$3,658$3,257$3,002
12 years$4,661$4,123$3,640$3,208$2,823$2,579
13 years$4,258$3,726$3,252$2,832$2,462$2,229
14 years$3,913$3,387$2,922$2,514$2,158$1,936
15 years$3,615$3,094$2,638$2,242$1,900$1,689
16 years$3,354$2,839$2,392$2,008$1,679$1,479
17 years$3,124$2,614$2,177$1,804$1,489$1,299
18 years$2,919$2,416$1,987$1,626$1,324$1,144
19 years$2,737$2,239$1,819$1,469$1,180$1,009
20 years$2,573$2,081$1,669$1,330$1,054$893
21 years$2,425$1,938$1,536$1,207$943$791
22 years$2,290$1,809$1,415$1,098$845$702
23 years$2,167$1,692$1,307$1,000$759$623
24 years$2,055$1,585$1,209$912$682$554
25 years$1,952$1,488$1,119$833$614$493
26 years$1,857$1,398$1,038$761$553$440
27 years$1,769$1,316$964$697$498$392
28 years$1,687$1,240$896$639$450$350
29 years$1,611$1,170$834$586$406$312
30 years$1,541$1,105$777$537$367$279
31 years$1,475$1,044$724$494$332$250
32 years$1,413$988$676$454$300$223
33 years$1,356$936$631$417$272$200
34 years$1,301$887$589$384$246$179
35 years$1,250$841$551$353$223$160
36 years$1,202$798$516$325$202$143
37 years$1,157$758$483$300$183$128
38 years$1,114$721$452$276$166$115
39 years$1,073$685$423$255$150$103
40 years$1,035$652$397$235$136$92
41 years$998$621$372$217$124$83
42 years$964$591$349$200$112$74
43 years$931$563$328$185$102$67
44 years$899$537$307$171$92$60
45 years$870$512$289$158$84$54
46 years$841$488$271$146$76$48
47 years$814$466$255$134$69$43
48 years$788$445$239$124$63$39
49 years$763$425$225$115$57$35
50 years$739$406$212$106$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $757,000, adding $4,091 every year, while hoping to spend $48,959 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: 81/12/7 Blend
50$757,000$757,000$757,000$757,000
51$838,434$798,313$786,579$905,416
52$871,862$785,338$760,838$936,875
53$907,059$770,087$732,593$964,478
54$944,154$752,396$701,709$993,282
55$983,286$732,092$668,045$1,023,380
56$1,024,609$708,992$631,452$1,054,874
57$1,068,289$682,903$591,776$1,087,878
58$1,114,509$653,619$548,855$1,122,517
59$1,163,466$620,924$502,519$1,158,929
60$1,215,378$584,587$452,592$1,197,266
61$1,270,482$544,368$398,889$1,237,697
62$1,329,038$500,008$341,219$1,280,405
63$1,391,329$451,238$279,378$1,325,598
64$1,457,665$397,769$213,158$1,373,499
65$1,528,387$339,300$142,339$1,424,360
66$1,603,867$275,510$66,692$1,478,455
67$1,684,513$206,062$0$1,536,090
68$1,770,772$130,597$0$1,598,649
69$1,863,134$48,740$0$1,670,838
70$1,962,136$0$0$1,748,103
71$2,068,370$0$0$1,836,185
72$2,182,481$0$0$1,937,725
73$2,305,180$0$0$2,046,921
74$2,437,248$0$0$2,164,470
75$2,579,540$0$0$2,291,134
76$2,732,997$0$0$2,427,753
77$2,898,652$0$0$2,575,249
78$3,077,642$0$0$2,734,636
79$3,271,213$0$0$2,907,027
80$3,480,737$0$0$3,093,646
81$3,707,723$0$0$3,295,837
82$3,953,827$0$0$3,515,082
83$4,220,873$0$0$3,753,006
84$4,510,867$0$0$4,011,399
85$4,826,013$0$0$4,292,229
86$5,168,737$0$0$4,597,662
87$5,541,709$0$0$4,930,079
88$5,947,866$0$0$5,292,101
89$6,390,440$0$0$5,686,612
90$6,872,986$0$0$6,116,788
91$7,399,420$0$0$6,586,120
92$7,974,050$0$0$7,098,456
93$8,601,618$0$0$7,658,027
94$9,287,346$0$0$8,269,493
95$10,036,982$0$0$8,937,985
96$10,856,855$0$0$9,669,151
97$11,753,931$0$0$10,469,209
98$12,735,884$0$0$11,345,009
99$13,811,162$0$0$12,304,090
100$14,989,070$0$0$13,354,757