Can I retire at age 51 with 740,000?

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 $740,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$61,109$60,564$60,033$59,515$59,009$57,699
2 years$30,252$29,688$29,142$28,613$28,099$26,787
3 years$19,967$19,402$18,857$18,333$17,827$16,553
4 years$14,826$14,262$13,723$13,208$12,715$11,488
5 years$11,743$11,182$10,650$10,145$9,665$8,490
6 years$9,687$9,131$8,607$8,113$7,648$6,525
7 years$8,220$7,668$7,152$6,670$6,220$5,150
8 years$7,120$6,573$6,066$5,595$5,160$4,142
9 years$6,265$5,723$5,224$4,766$4,345$3,379
10 years$5,581$5,044$4,555$4,108$3,703$2,787
11 years$5,022$4,491$4,010$3,575$3,184$2,318
12 years$4,556$4,031$3,559$3,136$2,759$1,941
13 years$4,163$3,643$3,179$2,769$2,406$1,634
14 years$3,826$3,311$2,857$2,458$2,109$1,382
15 years$3,534$3,025$2,579$2,192$1,857$1,173
16 years$3,278$2,775$2,338$1,963$1,641$999
17 years$3,054$2,556$2,128$1,763$1,455$853
18 years$2,854$2,362$1,942$1,589$1,294$730
19 years$2,675$2,189$1,778$1,436$1,153$626
20 years$2,515$2,034$1,632$1,301$1,030$537
21 years$2,370$1,894$1,501$1,180$922$462
22 years$2,238$1,768$1,383$1,073$826$397
23 years$2,119$1,654$1,277$977$742$342
24 years$2,009$1,550$1,181$891$667$295
25 years$1,908$1,454$1,094$814$600$255
26 years$1,815$1,367$1,015$744$540$220
27 years$1,729$1,286$942$681$487$190
28 years$1,649$1,212$876$624$440$164
29 years$1,575$1,143$815$572$397$142
30 years$1,506$1,080$759$525$359$123
31 years$1,442$1,021$708$483$324$106
32 years$1,382$966$661$443$293$92
33 years$1,325$915$617$408$266$79
34 years$1,272$867$576$375$240$69
35 years$1,222$822$539$345$218$59
36 years$1,175$780$504$318$197$51
37 years$1,131$741$472$293$179$45
38 years$1,089$704$442$270$162$39
39 years$1,049$670$414$249$147$33
40 years$1,012$637$388$230$133$29
41 years$976$607$364$212$121$25
42 years$942$578$341$196$110$22
43 years$910$551$320$181$100$19
44 years$879$525$301$167$90$16
45 years$850$500$282$154$82$14
46 years$822$477$265$142$75$12
47 years$796$456$249$131$68$11
48 years$770$435$234$121$61$9
49 years$746$415$220$112$56$8
50 years$722$397$207$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $740,000, adding $4,351 every year, while hoping to spend $37,777 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: 50/41/9 Blend
50$740,000$740,000$740,000$740,000
51$819,968$780,748$769,278$858,816
52$863,410$778,810$754,854$883,889
53$910,018$775,511$738,681$906,740
54$960,073$770,745$720,661$930,691
55$1,013,887$764,398$700,689$955,855
56$1,071,800$756,350$678,659$982,358
57$1,134,187$746,474$654,457$1,010,341
58$1,201,459$734,636$627,967$1,039,962
59$1,274,067$720,693$599,063$1,071,397
60$1,352,509$704,494$567,618$1,104,843
61$1,437,328$685,878$533,498$1,140,518
62$1,529,126$664,676$496,560$1,178,668
63$1,628,561$640,709$456,658$1,219,565
64$1,736,357$613,787$413,639$1,263,512
65$1,853,311$583,708$367,342$1,310,847
66$1,980,300$550,261$317,599$1,361,946
67$2,118,286$513,220$264,235$1,417,227
68$2,268,332$472,348$207,067$1,477,156
69$2,431,603$427,394$145,905$1,542,249
70$2,609,382$378,092$80,548$1,613,080
71$2,803,081$324,161$10,789$1,690,289
72$3,014,256$265,305$0$1,774,584
73$3,244,616$201,211$0$1,872,865
74$3,496,045$131,548$0$1,981,395
75$3,770,614$55,967$0$2,100,128
76$4,070,606$0$0$2,230,164
77$4,398,531$0$0$2,384,403
78$4,757,155$0$0$2,580,771
79$5,149,524$0$0$2,795,693
80$5,578,989$0$0$3,031,015
81$6,049,242$0$0$3,288,769
82$6,564,348$0$0$3,571,196
83$7,128,786$0$0$3,880,759
84$7,747,484$0$0$4,220,175
85$8,425,873$0$0$4,592,434
86$9,169,935$0$0$5,000,830
87$9,986,257$0$0$5,448,991
88$10,882,095$0$0$5,940,915
89$11,865,441$0$0$6,481,002
90$12,945,100$0$0$7,074,104
91$14,130,770$0$0$7,725,560
92$15,433,134$0$0$8,441,257
93$16,863,961$0$0$9,227,677
94$18,436,217$0$0$10,091,963
95$20,164,186$0$0$11,041,982
96$22,063,603$0$0$12,086,404
97$24,151,804$0$0$13,234,778
98$26,447,890$0$0$14,497,626
99$28,972,903$0$0$15,886,540
100$31,750,029$0$0$17,414,295