Can I retire at age 51 with 759,000?

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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$62,678$62,119$61,575$61,043$60,524$60,269
2 years$31,028$30,451$29,891$29,348$28,821$28,563
3 years$20,480$19,900$19,341$18,803$18,285$18,033
4 years$15,207$14,628$14,075$13,547$13,041$12,797
5 years$12,044$11,469$10,923$10,405$9,914$9,677
6 years$9,936$9,365$8,827$8,321$7,844$7,617
7 years$8,431$7,865$7,336$6,841$6,380$6,160
8 years$7,303$6,742$6,221$5,739$5,292$5,082
9 years$6,425$5,870$5,358$4,888$4,457$4,255
10 years$5,724$5,174$4,672$4,214$3,798$3,604
11 years$5,151$4,606$4,113$3,667$3,266$3,081
12 years$4,673$4,134$3,650$3,217$2,830$2,653
13 years$4,269$3,736$3,261$2,840$2,468$2,299
14 years$3,924$3,396$2,930$2,521$2,163$2,003
15 years$3,624$3,102$2,645$2,248$1,905$1,752
16 years$3,363$2,846$2,398$2,013$1,684$1,538
17 years$3,132$2,621$2,182$1,809$1,493$1,354
18 years$2,927$2,422$1,992$1,630$1,327$1,196
19 years$2,744$2,245$1,824$1,473$1,183$1,058
20 years$2,580$2,086$1,674$1,334$1,057$939
21 years$2,431$1,943$1,540$1,211$946$834
22 years$2,296$1,814$1,419$1,101$848$742
23 years$2,173$1,696$1,310$1,002$761$661
24 years$2,060$1,589$1,212$914$684$590
25 years$1,957$1,492$1,122$835$615$527
26 years$1,861$1,402$1,041$763$554$471
27 years$1,773$1,319$967$699$500$421
28 years$1,692$1,243$899$640$451$377
29 years$1,616$1,173$836$587$407$338
30 years$1,545$1,108$779$539$368$303
31 years$1,479$1,047$726$495$333$272
32 years$1,417$991$677$455$301$244
33 years$1,359$938$633$418$272$219
34 years$1,305$889$591$385$247$196
35 years$1,254$843$553$354$223$176
36 years$1,205$801$517$326$202$159
37 years$1,160$760$484$301$183$142
38 years$1,117$723$453$277$166$128
39 years$1,076$687$424$255$151$115
40 years$1,038$654$398$236$137$104
41 years$1,001$622$373$217$124$93
42 years$966$593$350$201$113$84
43 years$933$565$328$185$102$75
44 years$902$538$308$171$93$68
45 years$872$513$289$158$84$61
46 years$843$490$272$146$76$55
47 years$816$467$255$135$69$49
48 years$790$446$240$125$63$45
49 years$765$426$226$115$57$40
50 years$741$407$212$106$52$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $759,000, adding $6,679 every year, while hoping to spend $57,766 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: 65/19/16 Blend
50$759,000$759,000$759,000$759,000
51$843,307$803,080$791,316$894,417
52$867,862$780,969$756,362$907,353
53$892,985$755,838$718,302$914,203
54$918,674$727,478$676,969$920,279
55$944,923$695,669$632,192$925,504
56$971,725$660,176$583,790$929,796
57$999,069$620,752$531,575$933,068
58$1,026,941$577,136$475,349$935,225
59$1,055,323$529,050$414,908$936,166
60$1,084,196$476,203$350,037$935,782
61$1,113,532$418,285$280,511$933,955
62$1,143,300$354,970$206,097$930,562
63$1,173,466$285,912$126,550$925,465
64$1,203,984$210,747$41,615$918,520
65$1,234,807$129,090$0$909,571
66$1,265,876$40,534$0$906,819
67$1,297,126$0$0$909,840
68$1,328,480$0$0$922,950
69$1,359,852$0$0$944,519
70$1,391,144$0$0$966,003
71$1,422,244$0$0$987,320
72$1,453,026$0$0$1,008,379
73$1,483,348$0$0$1,029,078
74$1,513,050$0$0$1,049,299
75$1,541,950$0$0$1,068,914
76$1,569,847$0$0$1,087,776
77$1,596,515$0$0$1,105,722
78$1,621,698$0$0$1,122,568
79$1,645,114$0$0$1,138,111
80$1,666,446$0$0$1,152,122
81$1,685,339$0$0$1,164,346
82$1,701,401$0$0$1,174,501
83$1,714,191$0$0$1,182,270
84$1,723,223$0$0$1,187,303
85$1,727,953$0$0$1,189,209
86$1,727,777$0$0$1,187,554
87$1,722,026$0$0$1,181,858
88$1,709,956$0$0$1,171,586
89$1,690,741$0$0$1,156,145
90$1,663,468$0$0$1,134,879
91$1,627,121$0$0$1,107,059
92$1,580,577$0$0$1,071,878
93$1,522,591$0$0$1,028,444
94$1,451,786$0$0$975,767
95$1,366,637$0$0$912,754
96$1,265,455$0$0$838,193
97$1,146,375$0$0$750,746
98$1,007,331$0$0$648,932
99$846,042$0$0$531,113
100$659,984$0$0$395,480