Can I retire at age 51 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$61,769$61,219$60,682$60,158$59,647$58,299
2 years$30,579$30,009$29,457$28,922$28,403$27,053
3 years$20,183$19,611$19,061$18,531$18,020$16,709
4 years$14,987$14,416$13,871$13,350$12,852$11,591
5 years$11,869$11,303$10,765$10,254$9,770$8,562
6 years$9,792$9,229$8,700$8,200$7,731$6,576
7 years$8,309$7,751$7,229$6,742$6,287$5,187
8 years$7,197$6,644$6,131$5,656$5,216$4,170
9 years$6,332$5,785$5,281$4,817$4,392$3,400
10 years$5,641$5,099$4,604$4,153$3,743$2,802
11 years$5,076$4,539$4,053$3,614$3,219$2,329
12 years$4,605$4,074$3,597$3,170$2,789$1,949
13 years$4,208$3,682$3,214$2,799$2,432$1,640
14 years$3,867$3,347$2,888$2,484$2,132$1,386
15 years$3,572$3,057$2,607$2,216$1,877$1,176
16 years$3,314$2,805$2,364$1,984$1,659$1,001
17 years$3,087$2,583$2,151$1,782$1,471$854
18 years$2,885$2,387$1,963$1,606$1,308$730
19 years$2,704$2,212$1,797$1,451$1,166$625
20 years$2,542$2,056$1,650$1,315$1,041$536
21 years$2,396$1,915$1,517$1,193$932$461
22 years$2,263$1,788$1,398$1,085$835$396
23 years$2,141$1,672$1,291$988$750$341
24 years$2,030$1,566$1,194$901$674$294
25 years$1,928$1,470$1,106$823$606$253
26 years$1,834$1,382$1,026$752$546$218
27 years$1,748$1,300$953$689$493$188
28 years$1,667$1,225$886$631$444$163
29 years$1,592$1,156$824$579$401$141
30 years$1,523$1,092$768$531$363$121
31 years$1,458$1,032$716$488$328$105
32 years$1,397$976$668$448$297$91
33 years$1,340$925$623$412$268$78
34 years$1,286$876$582$379$243$68
35 years$1,236$831$545$349$220$59
36 years$1,188$789$509$322$199$51
37 years$1,143$749$477$296$181$44
38 years$1,101$712$447$273$164$38
39 years$1,061$677$418$252$149$33
40 years$1,023$644$392$232$135$28
41 years$987$613$368$214$122$25
42 years$952$584$345$198$111$21
43 years$920$556$324$183$101$18
44 years$889$530$304$169$91$16
45 years$859$506$285$156$83$14
46 years$831$483$268$144$75$12
47 years$804$460$252$133$68$10
48 years$778$440$237$123$62$9
49 years$754$420$222$113$56$8
50 years$730$401$209$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $748,000, adding $2,495 every year, while hoping to spend $50,649 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: 44/32/24 Blend
50$748,000$748,000$748,000$748,000
51$826,870$787,226$775,632$857,400
52$857,320$771,910$747,725$863,975
53$889,179$754,145$717,186$866,001
54$922,537$733,760$683,873$867,189
55$957,491$710,569$647,638$867,489
56$994,147$684,379$608,326$866,849
57$1,032,620$654,984$565,775$865,214
58$1,073,035$622,166$519,817$862,530
59$1,115,528$585,696$470,274$858,744
60$1,160,246$545,329$416,962$853,797
61$1,207,350$500,809$359,689$847,636
62$1,257,014$451,863$298,253$840,202
63$1,309,429$398,204$232,445$831,441
64$1,364,803$339,528$162,043$821,295
65$1,423,362$275,514$86,821$809,712
66$1,485,354$205,823$6,538$796,637
67$1,551,048$130,096$0$782,020
68$1,620,739$47,956$0$786,079
69$1,694,752$0$0$791,606
70$1,773,437$0$0$811,390
71$1,857,182$0$0$850,468
72$1,946,408$0$0$892,156
73$2,041,579$0$0$936,677
74$2,143,202$0$0$984,274
75$2,251,831$0$0$1,035,217
76$2,368,077$0$0$1,089,797
77$2,492,606$0$0$1,148,338
78$2,626,151$0$0$1,211,193
79$2,769,516$0$0$1,278,749
80$2,923,582$0$0$1,351,433
81$3,089,318$0$0$1,429,710
82$3,267,785$0$0$1,514,096
83$3,460,153$0$0$1,605,154
84$3,667,701$0$0$1,703,503
85$3,891,841$0$0$1,809,825
86$4,134,118$0$0$1,924,867
87$4,396,235$0$0$2,049,452
88$4,680,062$0$0$2,184,485
89$4,987,654$0$0$2,330,960
90$5,321,273$0$0$2,489,970
91$5,683,405$0$0$2,662,719
92$6,076,784$0$0$2,850,529
93$6,504,418$0$0$3,054,857
94$6,969,617$0$0$3,277,304
95$7,476,021$0$0$3,519,633
96$8,027,637$0$0$3,783,782
97$8,628,873$0$0$4,071,887
98$9,284,581$0$0$4,386,296
99$10,000,102$0$0$4,729,596
100$10,781,313$0$0$5,104,633