Can I retire at age 51 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$62,595$62,037$61,493$60,962$60,444$59,248
2 years$30,988$30,410$29,851$29,309$28,783$27,583
3 years$20,453$19,874$19,316$18,778$18,261$17,094
4 years$15,187$14,609$14,057$13,529$13,024$11,900
5 years$12,028$11,454$10,909$10,391$9,901$8,822
6 years$9,923$9,353$8,816$8,310$7,834$6,803
7 years$8,420$7,855$7,326$6,832$6,371$5,387
8 years$7,293$6,733$6,213$5,731$5,285$4,348
9 years$6,417$5,862$5,351$4,882$4,451$3,560
10 years$5,717$5,167$4,665$4,208$3,793$2,947
11 years$5,144$4,600$4,107$3,662$3,262$2,460
12 years$4,667$4,129$3,645$3,212$2,827$2,068
13 years$4,264$3,731$3,257$2,836$2,465$1,748
14 years$3,919$3,392$2,926$2,518$2,161$1,485
15 years$3,620$3,098$2,642$2,245$1,902$1,266
16 years$3,358$2,843$2,395$2,010$1,681$1,082
17 years$3,128$2,618$2,180$1,806$1,491$928
18 years$2,923$2,419$1,990$1,628$1,326$798
19 years$2,741$2,242$1,821$1,471$1,181$687
20 years$2,576$2,083$1,672$1,332$1,055$592
21 years$2,428$1,941$1,538$1,209$944$511
22 years$2,293$1,811$1,417$1,099$847$442
23 years$2,170$1,694$1,308$1,001$760$383
24 years$2,058$1,587$1,210$913$683$331
25 years$1,954$1,490$1,121$834$615$287
26 years$1,859$1,400$1,040$762$554$249
27 years$1,771$1,318$965$698$499$216
28 years$1,689$1,242$897$639$450$188
29 years$1,614$1,171$835$586$407$163
30 years$1,543$1,106$778$538$367$142
31 years$1,477$1,046$725$494$332$123
32 years$1,415$989$677$454$301$107
33 years$1,357$937$632$418$272$93
34 years$1,303$888$590$384$246$81
35 years$1,252$842$552$354$223$71
36 years$1,204$799$516$326$202$61
37 years$1,158$759$483$300$183$53
38 years$1,115$722$452$277$166$46
39 years$1,075$686$424$255$151$40
40 years$1,036$653$397$235$137$35
41 years$1,000$621$373$217$124$31
42 years$965$592$349$200$112$27
43 years$932$564$328$185$102$23
44 years$901$538$308$171$93$20
45 years$871$513$289$158$84$18
46 years$842$489$271$146$76$15
47 years$815$467$255$135$69$13
48 years$789$445$240$124$63$12
49 years$764$425$225$115$57$10
50 years$740$406$212$106$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $758,000, adding $4,159 every year, while hoping to spend $54,924 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: 68/19/13 Blend
50$758,000$758,000$758,000$758,000
51$839,606$799,432$787,683$893,975
52$866,807$780,165$755,632$911,420
53$894,942$758,114$720,666$923,563
54$924,048$733,083$682,630$935,432
55$954,164$704,867$641,361$946,994
56$985,331$673,249$596,689$958,214
57$1,017,594$637,997$548,437$969,054
58$1,050,997$598,868$496,419$979,476
59$1,085,591$555,604$440,441$989,439
60$1,121,426$507,933$380,300$998,901
61$1,158,557$455,568$315,786$1,007,817
62$1,197,042$398,202$246,677$1,016,139
63$1,236,942$335,516$172,742$1,023,820
64$1,278,322$267,169$93,742$1,030,807
65$1,321,253$192,802$9,424$1,037,049
66$1,365,807$112,036$0$1,042,489
67$1,412,065$24,471$0$1,058,246
68$1,460,110$0$0$1,075,206
69$1,510,031$0$0$1,106,741
70$1,561,926$0$0$1,144,847
71$1,615,897$0$0$1,184,484
72$1,672,054$0$0$1,225,735
73$1,730,517$0$0$1,268,687
74$1,791,412$0$0$1,313,434
75$1,854,877$0$0$1,360,079
76$1,921,058$0$0$1,408,731
77$1,990,115$0$0$1,459,508
78$2,062,218$0$0$1,512,538
79$2,137,553$0$0$1,567,958
80$2,216,319$0$0$1,625,916
81$2,298,733$0$0$1,686,574
82$2,385,028$0$0$1,750,106
83$2,475,457$0$0$1,816,700
84$2,570,296$0$0$1,886,562
85$2,669,842$0$0$1,959,913
86$2,774,419$0$0$2,036,994
87$2,884,379$0$0$2,118,069
88$3,000,104$0$0$2,203,423
89$3,122,011$0$0$2,293,366
90$3,250,553$0$0$2,388,237
91$3,386,225$0$0$2,488,405
92$3,529,564$0$0$2,594,271
93$3,681,160$0$0$2,706,276
94$3,841,653$0$0$2,824,898
95$4,011,745$0$0$2,950,660
96$4,192,200$0$0$3,084,135
97$4,383,857$0$0$3,225,949
98$4,587,630$0$0$3,376,786
99$4,804,522$0$0$3,537,394
100$5,035,628$0$0$3,708,594