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%12.3%
1 years$62,512$61,956$61,412$60,882$60,364$59,784
2 years$30,947$30,370$29,812$29,270$28,745$28,160
3 years$20,426$19,847$19,290$18,754$18,237$17,666
4 years$15,167$14,590$14,038$13,511$13,007$12,454
5 years$12,012$11,439$10,894$10,378$9,888$9,355
6 years$9,910$9,341$8,804$8,299$7,824$7,311
7 years$8,409$7,844$7,316$6,823$6,363$5,871
8 years$7,283$6,724$6,205$5,724$5,278$4,808
9 years$6,408$5,854$5,344$4,875$4,445$3,995
10 years$5,709$5,160$4,659$4,203$3,788$3,358
11 years$5,137$4,594$4,102$3,658$3,257$2,847
12 years$4,661$4,123$3,640$3,208$2,823$2,432
13 years$4,258$3,726$3,252$2,832$2,462$2,090
14 years$3,913$3,387$2,922$2,514$2,158$1,805
15 years$3,615$3,094$2,638$2,242$1,900$1,565
16 years$3,354$2,839$2,392$2,008$1,679$1,362
17 years$3,124$2,614$2,177$1,804$1,489$1,189
18 years$2,919$2,416$1,987$1,626$1,324$1,040
19 years$2,737$2,239$1,819$1,469$1,180$912
20 years$2,573$2,081$1,669$1,330$1,054$801
21 years$2,425$1,938$1,536$1,207$943$705
22 years$2,290$1,809$1,415$1,098$845$621
23 years$2,167$1,692$1,307$1,000$759$548
24 years$2,055$1,585$1,209$912$682$484
25 years$1,952$1,488$1,119$833$614$428
26 years$1,857$1,398$1,038$761$553$379
27 years$1,769$1,316$964$697$498$335
28 years$1,687$1,240$896$639$450$297
29 years$1,611$1,170$834$586$406$263
30 years$1,541$1,105$777$537$367$234
31 years$1,475$1,044$724$494$332$207
32 years$1,413$988$676$454$300$184
33 years$1,356$936$631$417$272$163
34 years$1,301$887$589$384$246$145
35 years$1,250$841$551$353$223$129
36 years$1,202$798$516$325$202$115
37 years$1,157$758$483$300$183$102
38 years$1,114$721$452$276$166$91
39 years$1,073$685$423$255$150$81
40 years$1,035$652$397$235$136$72
41 years$998$621$372$217$124$64
42 years$964$591$349$200$112$57
43 years$931$563$328$185$102$50
44 years$899$537$307$171$92$45
45 years$870$512$289$158$84$40
46 years$841$488$271$146$76$36
47 years$814$466$255$134$69$32
48 years$788$445$239$124$63$28
49 years$763$425$225$115$57$25
50 years$739$406$212$106$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $757,000, adding $2,253 every year, while hoping to spend $43,480 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: 76/10/14 Blend
50$757,000$757,000$757,000$757,000
51$836,538$796,417$784,683$897,495
52$875,602$789,179$764,708$930,795
53$917,194$780,129$742,606$961,609
54$961,525$769,133$718,261$994,192
55$1,008,828$756,047$691,549$1,028,706
56$1,059,355$740,720$662,343$1,065,329
57$1,113,387$722,993$630,509$1,104,260
58$1,171,228$702,696$595,907$1,145,716
59$1,233,214$679,648$558,391$1,189,937
60$1,299,712$653,661$517,807$1,237,190
61$1,371,125$624,533$473,995$1,287,768
62$1,447,895$592,051$426,790$1,341,995
63$1,530,509$555,990$376,016$1,400,230
64$1,619,500$516,112$321,492$1,462,868
65$1,715,454$472,167$263,026$1,530,346
66$1,819,014$423,886$200,421$1,603,146
67$1,930,888$370,991$133,470$1,681,803
68$2,051,852$313,183$61,954$1,766,903
69$2,182,761$250,149$0$1,859,098
70$2,324,553$181,558$0$1,961,250
71$2,478,262$107,058$0$2,082,023
72$2,645,022$26,282$0$2,213,063
73$2,826,082$0$0$2,355,375
74$3,022,815$0$0$2,516,797
75$3,236,732$0$0$2,695,488
76$3,469,494$0$0$2,889,948
77$3,722,931$0$0$3,101,707
78$3,999,053$0$0$3,332,451
79$4,300,076$0$0$3,584,034
80$4,628,437$0$0$3,858,496
81$4,986,818$0$0$4,158,083
82$5,378,172$0$0$4,485,267
83$5,805,748$0$0$4,842,771
84$6,273,126$0$0$5,233,590
85$6,784,246$0$0$5,661,024
86$7,343,444$0$0$6,128,704
87$7,955,497$0$0$6,640,631
88$8,625,665$0$0$7,201,209
89$9,359,739$0$0$7,815,288
90$10,164,097$0$0$8,488,209
91$11,045,765$0$0$9,225,854
92$12,012,479$0$0$10,034,702
93$13,072,758$0$0$10,921,888
94$14,235,989$0$0$11,895,273
95$15,512,508$0$0$12,963,512
96$16,913,702$0$0$14,136,142
97$18,452,114$0$0$15,423,666
98$20,141,560$0$0$16,837,655
99$21,997,261$0$0$18,390,855
100$24,035,983$0$0$20,097,308