Can I retire at age 51 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$61,191$60,646$60,114$59,595$59,088$57,872
2 years$30,293$29,728$29,182$28,652$28,137$26,917
3 years$19,994$19,428$18,882$18,357$17,851$16,666
4 years$14,846$14,282$13,742$13,225$12,732$11,590
5 years$11,758$11,197$10,664$10,158$9,679$8,583
6 years$9,700$9,143$8,618$8,124$7,658$6,611
7 years$8,231$7,678$7,162$6,679$6,228$5,229
8 years$7,129$6,582$6,074$5,603$5,167$4,216
9 years$6,273$5,731$5,231$4,772$4,351$3,448
10 years$5,588$5,051$4,561$4,114$3,708$2,850
11 years$5,029$4,497$4,015$3,580$3,189$2,377
12 years$4,562$4,036$3,563$3,140$2,763$1,995
13 years$4,168$3,647$3,184$2,772$2,410$1,685
14 years$3,831$3,315$2,861$2,461$2,112$1,429
15 years$3,538$3,029$2,583$2,195$1,860$1,216
16 years$3,283$2,779$2,342$1,965$1,644$1,039
17 years$3,058$2,559$2,131$1,766$1,457$889
18 years$2,858$2,365$1,945$1,591$1,296$763
19 years$2,679$2,192$1,781$1,438$1,155$656
20 years$2,518$2,037$1,634$1,302$1,032$565
21 years$2,373$1,897$1,503$1,182$923$487
22 years$2,242$1,771$1,385$1,075$828$420
23 years$2,121$1,656$1,279$979$743$363
24 years$2,011$1,552$1,183$893$668$314
25 years$1,910$1,456$1,096$815$601$272
26 years$1,817$1,369$1,016$745$541$236
27 years$1,731$1,288$944$682$488$204
28 years$1,652$1,214$877$625$440$177
29 years$1,577$1,145$816$573$398$153
30 years$1,508$1,081$760$526$359$133
31 years$1,444$1,022$709$483$325$116
32 years$1,384$967$661$444$294$100
33 years$1,327$916$618$408$266$87
34 years$1,274$868$577$376$241$76
35 years$1,224$823$539$346$218$66
36 years$1,177$782$505$319$198$57
37 years$1,132$742$472$293$179$50
38 years$1,090$705$442$270$162$43
39 years$1,051$671$414$249$147$37
40 years$1,013$638$388$230$134$33
41 years$977$608$364$212$121$28
42 years$943$579$342$196$110$25
43 years$911$551$321$181$100$21
44 years$880$525$301$167$91$19
45 years$851$501$283$154$82$16
46 years$823$478$265$142$75$14
47 years$797$456$249$132$68$12
48 years$771$435$234$122$62$11
49 years$747$416$220$112$56$9
50 years$723$397$207$104$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $741,000, adding $4,848 every year, while hoping to spend $28,794 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: 42/40/18 Blend
50$741,000$741,000$741,000$741,000
51$821,583$782,310$770,824$851,573
52$874,748$790,006$766,010$880,953
53$932,370$797,115$760,070$909,567
54$994,875$803,576$752,935$939,949
55$1,062,728$809,328$744,535$972,275
56$1,136,443$814,302$734,793$1,006,741
57$1,216,585$818,427$723,633$1,043,563
58$1,303,774$821,627$710,973$1,082,983
59$1,398,694$823,822$696,725$1,125,266
60$1,502,097$824,926$680,802$1,170,707
61$1,614,810$824,846$663,108$1,219,635
62$1,737,744$823,487$643,545$1,272,412
63$1,871,902$820,745$622,011$1,329,439
64$2,018,386$816,512$598,399$1,391,162
65$2,178,411$810,671$572,595$1,458,072
66$2,353,314$803,099$544,483$1,530,717
67$2,544,568$793,667$513,939$1,609,699
68$2,753,793$782,236$480,835$1,695,687
69$2,982,774$768,659$445,037$1,789,421
70$3,233,476$752,783$406,404$1,891,719
71$3,508,063$734,442$364,791$2,003,487
72$3,808,918$713,462$320,045$2,125,727
73$4,138,666$689,660$272,005$2,259,546
74$4,500,198$662,841$220,504$2,406,170
75$4,896,696$632,798$165,369$2,566,953
76$5,331,667$599,313$106,417$2,743,393
77$5,808,974$562,157$43,459$2,937,146
78$6,332,871$521,084$0$3,150,042
79$6,908,044$475,837$0$3,388,660
80$7,539,656$426,144$0$3,659,881
81$8,233,391$371,716$0$3,957,861
82$8,995,516$312,248$0$4,285,372
83$9,832,930$247,420$0$4,645,471
84$10,753,236$176,891$0$5,041,535
85$11,764,810$100,303$0$5,477,289
86$12,876,879$17,276$0$5,956,845
87$14,099,609$0$0$6,484,741
88$15,444,200$0$0$7,097,932
89$16,922,992$0$0$7,780,793
90$18,549,580$0$0$8,532,010
91$20,338,944$0$0$9,358,514
92$22,307,589$0$0$10,267,944
93$24,473,699$0$0$11,268,714
94$26,857,310$0$0$12,370,096
95$29,480,499$0$0$13,582,306
96$32,367,591$0$0$14,916,600
97$35,545,389$0$0$16,385,383
98$39,043,426$0$0$18,002,322
99$42,894,244$0$0$19,782,475
100$47,133,699$0$0$21,742,438