Can I retire at age 51 with 746,000?

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 $746,000?

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$61,604$61,055$60,520$59,997$59,487$58,167
2 years$30,497$29,929$29,379$28,845$28,327$27,004
3 years$20,129$19,559$19,010$18,481$17,972$16,687
4 years$14,947$14,378$13,834$13,315$12,818$11,581
5 years$11,838$11,272$10,736$10,227$9,744$8,559
6 years$9,766$9,205$8,676$8,179$7,710$6,578
7 years$8,286$7,730$7,210$6,724$6,270$5,191
8 years$7,177$6,626$6,115$5,641$5,202$4,176
9 years$6,315$5,769$5,267$4,805$4,381$3,407
10 years$5,626$5,085$4,592$4,142$3,733$2,809
11 years$5,062$4,527$4,042$3,604$3,210$2,337
12 years$4,593$4,063$3,587$3,162$2,782$1,957
13 years$4,196$3,672$3,205$2,791$2,426$1,648
14 years$3,857$3,338$2,880$2,478$2,126$1,394
15 years$3,562$3,049$2,600$2,210$1,872$1,183
16 years$3,305$2,798$2,357$1,979$1,655$1,007
17 years$3,078$2,576$2,145$1,778$1,467$860
18 years$2,877$2,381$1,958$1,602$1,305$736
19 years$2,697$2,206$1,793$1,448$1,163$631
20 years$2,535$2,050$1,645$1,311$1,039$541
21 years$2,389$1,910$1,513$1,190$929$465
22 years$2,257$1,783$1,395$1,082$833$401
23 years$2,136$1,667$1,288$985$748$345
24 years$2,025$1,562$1,191$899$672$297
25 years$1,923$1,466$1,103$821$605$257
26 years$1,830$1,378$1,023$750$545$222
27 years$1,743$1,297$950$687$491$191
28 years$1,663$1,222$883$629$443$165
29 years$1,588$1,153$822$577$400$143
30 years$1,519$1,089$766$530$362$124
31 years$1,454$1,029$714$486$327$107
32 years$1,393$974$666$447$296$92
33 years$1,336$922$622$411$268$80
34 years$1,283$874$581$378$242$69
35 years$1,232$829$543$348$219$60
36 years$1,185$787$508$321$199$52
37 years$1,140$747$476$295$180$45
38 years$1,098$710$445$272$163$39
39 years$1,058$675$417$251$148$34
40 years$1,020$643$391$232$134$29
41 years$984$612$367$214$122$25
42 years$950$582$344$197$111$22
43 years$917$555$323$182$100$19
44 years$886$529$303$168$91$16
45 years$857$504$284$155$83$14
46 years$829$481$267$143$75$12
47 years$802$459$251$132$68$11
48 years$776$438$236$122$62$9
49 years$752$419$222$113$56$8
50 years$728$400$208$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $746,000, adding $3,945 every year, while hoping to spend $45,436 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: 71/20/9 Blend
50$746,000$746,000$746,000$746,000
51$826,161$786,623$775,060$883,184
52$862,086$776,824$752,681$911,622
53$900,153$765,022$728,030$936,767
54$940,531$751,071$700,982$963,051
55$983,408$734,816$671,407$990,576
56$1,028,987$716,094$639,170$1,019,453
57$1,077,490$694,729$604,130$1,049,809
58$1,129,164$670,540$566,137$1,081,782
59$1,184,273$643,331$525,038$1,115,526
60$1,243,112$612,897$480,669$1,151,212
61$1,306,000$579,020$432,863$1,189,029
62$1,373,290$541,470$381,441$1,229,189
63$1,445,367$500,004$326,221$1,271,924
64$1,522,654$454,363$267,009$1,317,494
65$1,605,614$404,277$203,604$1,366,187
66$1,694,758$349,458$135,795$1,418,321
67$1,790,643$289,601$63,365$1,474,249
68$1,893,884$224,387$0$1,534,363
69$2,005,155$153,476$0$1,600,435
70$2,125,194$76,510$0$1,678,189
71$2,254,817$0$0$1,762,091
72$2,394,916$0$0$1,854,271
73$2,546,473$0$0$1,972,237
74$2,710,569$0$0$2,099,993
75$2,888,389$0$0$2,238,467
76$3,081,239$0$0$2,388,681
77$3,290,554$0$0$2,551,756
78$3,517,913$0$0$2,728,927
79$3,765,052$0$0$2,921,551
80$4,033,881$0$0$3,131,123
81$4,326,501$0$0$3,359,285
82$4,645,226$0$0$3,607,847
83$4,992,599$0$0$3,878,798
84$5,371,421$0$0$4,174,330
85$5,784,774$0$0$4,496,852
86$6,236,052$0$0$4,849,019
87$6,728,990$0$0$5,233,752
88$7,267,697$0$0$5,654,266
89$7,856,702$0$0$6,114,104
90$8,500,989$0$0$6,617,162
91$9,206,043$0$0$7,167,734
92$9,977,909$0$0$7,770,547
93$10,823,240$0$0$8,430,805
94$11,749,364$0$0$9,154,241
95$12,764,350$0$0$9,947,168
96$13,877,086$0$0$10,816,537
97$15,097,360$0$0$11,770,007
98$16,435,954$0$0$12,816,012
99$17,904,742$0$0$13,963,842
100$19,516,805$0$0$15,223,728