Can I retire at age 51 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$61,026$60,482$59,952$59,434$58,929$58,072
2 years$30,211$29,648$29,103$28,574$28,061$27,200
3 years$19,941$19,375$18,832$18,308$17,803$16,964
4 years$14,806$14,243$13,705$13,190$12,697$11,887
5 years$11,727$11,167$10,635$10,131$9,652$8,873
6 years$9,674$9,118$8,595$8,102$7,638$6,890
7 years$8,209$7,658$7,142$6,661$6,211$5,496
8 years$7,110$6,564$6,057$5,588$5,153$4,470
9 years$6,256$5,715$5,217$4,759$4,340$3,688
10 years$5,573$5,038$4,548$4,103$3,698$3,077
11 years$5,015$4,485$4,004$3,571$3,180$2,590
12 years$4,550$4,025$3,554$3,132$2,756$2,196
13 years$4,157$3,638$3,175$2,765$2,403$1,872
14 years$3,820$3,307$2,853$2,454$2,106$1,604
15 years$3,529$3,021$2,576$2,189$1,855$1,380
16 years$3,274$2,771$2,335$1,960$1,639$1,191
17 years$3,049$2,552$2,125$1,761$1,453$1,030
18 years$2,850$2,358$1,940$1,587$1,292$894
19 years$2,672$2,186$1,776$1,434$1,152$777
20 years$2,512$2,031$1,630$1,299$1,029$677
21 years$2,367$1,892$1,499$1,179$921$590
22 years$2,235$1,766$1,382$1,072$825$515
23 years$2,116$1,652$1,276$976$741$450
24 years$2,006$1,548$1,180$890$666$394
25 years$1,905$1,452$1,093$813$599$345
26 years$1,812$1,365$1,013$743$540$303
27 years$1,727$1,285$941$680$487$265
28 years$1,647$1,210$875$623$439$233
29 years$1,573$1,142$814$572$396$204
30 years$1,504$1,078$758$525$358$180
31 years$1,440$1,019$707$482$324$158
32 years$1,380$965$660$443$293$139
33 years$1,323$913$616$407$265$122
34 years$1,270$866$575$375$240$107
35 years$1,221$821$538$345$217$94
36 years$1,174$779$503$318$197$83
37 years$1,129$740$471$293$179$73
38 years$1,088$704$441$270$162$64
39 years$1,048$669$413$249$147$57
40 years$1,010$636$387$229$133$50
41 years$975$606$363$212$121$44
42 years$941$577$341$195$110$39
43 years$909$550$320$180$99$34
44 years$878$524$300$167$90$30
45 years$849$500$282$154$82$26
46 years$821$477$265$142$74$23
47 years$794$455$249$131$68$20
48 years$769$434$234$121$61$18
49 years$745$415$220$112$56$16
50 years$722$396$206$104$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $739,000, adding $4,255 every year, while hoping to spend $46,841 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: 46/43/11 Blend
50$739,000$739,000$739,000$739,000
51$818,767$779,600$768,146$853,716
52$852,443$767,962$744,040$866,683
53$887,984$754,184$717,557$875,586
54$925,530$738,111$688,567$884,190
55$965,236$719,580$656,936$892,483
56$1,007,269$698,419$622,522$900,456
57$1,051,812$674,443$585,179$908,103
58$1,099,065$647,459$544,751$915,420
59$1,149,248$617,262$501,077$922,408
60$1,202,598$583,634$453,990$929,071
61$1,259,377$546,347$403,313$935,417
62$1,319,873$505,158$348,864$941,463
63$1,384,399$459,809$290,449$947,230
64$1,453,298$410,030$227,870$952,747
65$1,526,947$355,535$160,916$958,051
66$1,605,759$296,019$89,370$963,191
67$1,690,187$231,164$13,004$968,227
68$1,780,725$160,631$0$973,230
69$1,877,921$84,063$0$986,327
70$1,982,370$1,083$0$1,001,733
71$2,094,730$0$0$1,018,074
72$2,215,720$0$0$1,077,498
73$2,346,132$0$0$1,142,167
74$2,486,835$0$0$1,212,008
75$2,638,784$0$0$1,287,502
76$2,803,028$0$0$1,369,181
77$2,980,719$0$0$1,457,627
78$3,173,127$0$0$1,553,481
79$3,381,644$0$0$1,657,449
80$3,607,803$0$0$1,770,305
81$3,853,288$0$0$1,892,902
82$4,119,954$0$0$2,026,177
83$4,409,840$0$0$2,171,163
84$4,725,188$0$0$2,328,995
85$5,068,465$0$0$2,500,921
86$5,442,389$0$0$2,688,316
87$5,849,946$0$0$2,892,692
88$6,294,425$0$0$3,115,716
89$6,779,447$0$0$3,359,219
90$7,308,996$0$0$3,625,219
91$7,887,456$0$0$3,915,937
92$8,519,657$0$0$4,233,817
93$9,210,915$0$0$4,581,553
94$9,967,082$0$0$4,962,109
95$10,794,602$0$0$5,378,748
96$11,700,573$0$0$5,835,065
97$12,692,807$0$0$6,335,018
98$13,779,911$0$0$6,882,967
99$14,971,361$0$0$7,483,713
100$16,277,594$0$0$8,142,544