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%11.8%
1 years$62,512$61,956$61,412$60,882$60,364$59,909
2 years$30,947$30,370$29,812$29,270$28,745$28,285
3 years$20,426$19,847$19,290$18,754$18,237$17,788
4 years$15,167$14,590$14,038$13,511$13,007$12,572
5 years$12,012$11,439$10,894$10,378$9,888$9,468
6 years$9,910$9,341$8,804$8,299$7,824$7,420
7 years$8,409$7,844$7,316$6,823$6,363$5,975
8 years$7,283$6,724$6,205$5,724$5,278$4,906
9 years$6,408$5,854$5,344$4,875$4,445$4,089
10 years$5,709$5,160$4,659$4,203$3,788$3,447
11 years$5,137$4,594$4,102$3,658$3,257$2,932
12 years$4,661$4,123$3,640$3,208$2,823$2,513
13 years$4,258$3,726$3,252$2,832$2,462$2,166
14 years$3,913$3,387$2,922$2,514$2,158$1,877
15 years$3,615$3,094$2,638$2,242$1,900$1,633
16 years$3,354$2,839$2,392$2,008$1,679$1,426
17 years$3,124$2,614$2,177$1,804$1,489$1,249
18 years$2,919$2,416$1,987$1,626$1,324$1,097
19 years$2,737$2,239$1,819$1,469$1,180$965
20 years$2,573$2,081$1,669$1,330$1,054$851
21 years$2,425$1,938$1,536$1,207$943$752
22 years$2,290$1,809$1,415$1,098$845$665
23 years$2,167$1,692$1,307$1,000$759$589
24 years$2,055$1,585$1,209$912$682$522
25 years$1,952$1,488$1,119$833$614$463
26 years$1,857$1,398$1,038$761$553$412
27 years$1,769$1,316$964$697$498$366
28 years$1,687$1,240$896$639$450$325
29 years$1,611$1,170$834$586$406$290
30 years$1,541$1,105$777$537$367$258
31 years$1,475$1,044$724$494$332$230
32 years$1,413$988$676$454$300$205
33 years$1,356$936$631$417$272$183
34 years$1,301$887$589$384$246$163
35 years$1,250$841$551$353$223$145
36 years$1,202$798$516$325$202$130
37 years$1,157$758$483$300$183$116
38 years$1,114$721$452$276$166$103
39 years$1,073$685$423$255$150$92
40 years$1,035$652$397$235$136$83
41 years$998$621$372$217$124$74
42 years$964$591$349$200$112$66
43 years$931$563$328$185$102$59
44 years$899$537$307$171$92$53
45 years$870$512$289$158$84$47
46 years$841$488$271$146$76$42
47 years$814$466$255$134$69$38
48 years$788$445$239$124$63$34
49 years$763$425$225$115$57$30
50 years$739$406$212$106$52$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $757,000, adding $2,635 every year, while hoping to spend $59,976 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: 53/32/15 Blend
50$757,000$757,000$757,000$757,000
51$836,932$796,811$785,078$877,795
52$858,485$772,041$747,564$881,228
53$880,226$744,047$706,783$878,357
54$902,112$712,607$662,562$873,886
55$924,091$677,489$614,722$867,677
56$946,106$638,443$563,073$859,587
57$968,090$595,209$507,417$849,456
58$989,970$547,508$447,550$837,118
59$1,011,660$495,050$383,257$822,391
60$1,033,065$437,523$314,311$805,080
61$1,054,077$374,601$240,480$784,978
62$1,074,576$305,938$161,519$761,859
63$1,094,423$231,171$77,171$735,482
64$1,113,468$149,912$0$705,588
65$1,131,539$61,754$0$673,951
66$1,148,445$0$0$651,532
67$1,163,972$0$0$637,564
68$1,177,882$0$0$644,357
69$1,189,910$0$0$650,009
70$1,199,758$0$0$654,344
71$1,207,098$0$0$657,170
72$1,211,563$0$0$658,271
73$1,212,746$0$0$657,407
74$1,210,194$0$0$654,312
75$1,203,404$0$0$648,693
76$1,191,820$0$0$640,221
77$1,174,823$0$0$628,533
78$1,151,727$0$0$613,228
79$1,121,774$0$0$593,861
80$1,084,121$0$0$569,938
81$1,037,837$0$0$540,913
82$981,891$0$0$506,182
83$915,141$0$0$465,076
84$836,326$0$0$416,857
85$744,049$0$0$360,705
86$636,765$0$0$295,719
87$512,768$0$0$220,897
88$370,172$0$0$135,137
89$206,892$0$0$37,218
90$20,625$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0