Can I retire at age 51 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$61,687$61,137$60,601$60,078$59,567$58,056
2 years$30,538$29,969$29,418$28,884$28,365$26,853
3 years$20,156$19,585$19,035$18,506$17,996$16,530
4 years$14,967$14,397$13,853$13,333$12,835$11,426
5 years$11,854$11,288$10,750$10,241$9,757$8,409
6 years$9,779$9,217$8,688$8,190$7,720$6,434
7 years$8,298$7,741$7,220$6,733$6,279$5,055
8 years$7,187$6,635$6,123$5,648$5,209$4,047
9 years$6,324$5,777$5,274$4,811$4,387$3,286
10 years$5,634$5,092$4,598$4,147$3,738$2,696
11 years$5,069$4,533$4,048$3,609$3,214$2,231
12 years$4,599$4,069$3,592$3,166$2,786$1,859
13 years$4,202$3,677$3,209$2,795$2,429$1,557
14 years$3,862$3,342$2,884$2,481$2,129$1,309
15 years$3,567$3,053$2,604$2,213$1,875$1,105
16 years$3,309$2,801$2,361$1,981$1,657$936
17 years$3,082$2,580$2,148$1,780$1,469$794
18 years$2,881$2,384$1,961$1,604$1,306$676
19 years$2,701$2,209$1,795$1,450$1,164$576
20 years$2,539$2,053$1,647$1,313$1,040$491
21 years$2,392$1,912$1,515$1,191$931$420
22 years$2,260$1,785$1,397$1,083$834$359
23 years$2,139$1,670$1,289$987$749$307
24 years$2,028$1,564$1,193$900$673$263
25 years$1,926$1,468$1,105$822$606$226
26 years$1,832$1,380$1,024$751$546$194
27 years$1,745$1,298$951$688$492$166
28 years$1,665$1,224$884$630$444$143
29 years$1,590$1,154$823$578$401$122
30 years$1,521$1,090$767$530$362$105
31 years$1,456$1,030$715$487$327$90
32 years$1,395$975$667$448$296$78
33 years$1,338$923$623$412$268$67
34 years$1,284$875$582$379$243$57
35 years$1,234$830$544$349$220$49
36 years$1,186$788$509$321$199$42
37 years$1,142$748$476$296$180$37
38 years$1,099$711$446$273$164$31
39 years$1,059$676$418$251$148$27
40 years$1,021$643$392$232$135$23
41 years$985$612$367$214$122$20
42 years$951$583$344$197$111$17
43 years$919$556$323$182$101$15
44 years$888$530$303$168$91$13
45 years$858$505$285$155$83$11
46 years$830$482$268$144$75$9
47 years$803$460$251$133$68$8
48 years$777$439$236$123$62$7
49 years$753$419$222$113$56$6
50 years$729$400$209$105$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $747,000, adding $2,746 every year, while hoping to spend $51,266 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: 51/20/29 Blend
50$747,000$747,000$747,000$747,000
51$826,026$786,435$774,857$861,271
52$855,735$770,424$746,268$870,145
53$886,755$751,910$715,003$874,447
54$919,166$730,717$680,919$878,127
55$953,056$706,656$643,864$881,151
56$988,517$679,531$603,682$883,482
57$1,025,649$649,132$560,209$885,083
58$1,064,563$615,237$513,274$885,918
59$1,105,376$577,611$462,696$885,951
60$1,148,217$536,007$408,289$885,146
61$1,193,226$490,162$349,858$883,469
62$1,240,554$439,799$287,197$880,884
63$1,290,367$384,626$220,095$877,360
64$1,342,844$324,332$148,327$872,867
65$1,398,180$258,591$71,663$867,376
66$1,456,590$187,057$0$860,861
67$1,518,305$109,365$0$856,443
68$1,583,578$25,131$0$874,832
69$1,652,688$0$0$893,898
70$1,725,936$0$0$928,259
71$1,803,652$0$0$970,622
72$1,886,197$0$0$1,015,658
73$1,973,968$0$0$1,063,587
74$2,067,395$0$0$1,114,652
75$2,166,953$0$0$1,169,116
76$2,273,159$0$0$1,227,270
77$2,386,581$0$0$1,289,432
78$2,507,841$0$0$1,355,948
79$2,637,622$0$0$1,427,202
80$2,776,670$0$0$1,503,612
81$2,925,807$0$0$1,585,636
82$3,085,932$0$0$1,673,780
83$3,258,033$0$0$1,768,596
84$3,443,195$0$0$1,870,692
85$3,642,607$0$0$1,980,736
86$3,857,578$0$0$2,099,460
87$4,089,545$0$0$2,227,669
88$4,340,084$0$0$2,366,249
89$4,610,930$0$0$2,516,172
90$4,903,990$0$0$2,678,506
91$5,221,358$0$0$2,854,428
92$5,565,339$0$0$3,045,230
93$5,938,465$0$0$3,252,332
94$6,343,521$0$0$3,477,298
95$6,783,572$0$0$3,721,847
96$7,261,989$0$0$3,987,871
97$7,782,478$0$0$4,277,451
98$8,349,120$0$0$4,592,876
99$8,966,404$0$0$4,936,668
100$9,639,269$0$0$5,311,599