Can I retire at age 51 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$61,852$61,301$60,763$60,239$59,726$57,357
2 years$30,620$30,049$29,497$28,961$28,441$26,083
3 years$20,210$19,638$19,086$18,556$18,044$15,772
4 years$15,007$14,436$13,890$13,368$12,869$10,700
5 years$11,885$11,318$10,779$10,268$9,783$7,723
6 years$9,805$9,242$8,711$8,211$7,741$5,791
7 years$8,320$7,761$7,239$6,751$6,295$4,455
8 years$7,206$6,653$6,139$5,663$5,223$3,489
9 years$6,341$5,792$5,288$4,824$4,398$2,770
10 years$5,649$5,106$4,610$4,158$3,748$2,220
11 years$5,083$4,545$4,059$3,619$3,223$1,794
12 years$4,612$4,080$3,602$3,174$2,793$1,458
13 years$4,213$3,687$3,218$2,802$2,436$1,191
14 years$3,872$3,351$2,891$2,488$2,135$976
15 years$3,577$3,061$2,611$2,219$1,880$803
16 years$3,318$2,809$2,367$1,986$1,661$662
17 years$3,091$2,587$2,154$1,785$1,473$547
18 years$2,889$2,390$1,966$1,608$1,310$452
19 years$2,708$2,215$1,800$1,453$1,167$375
20 years$2,546$2,059$1,652$1,316$1,043$311
21 years$2,399$1,917$1,519$1,195$933$258
22 years$2,266$1,790$1,400$1,086$836$215
23 years$2,144$1,674$1,293$989$751$178
24 years$2,033$1,568$1,196$902$675$148
25 years$1,931$1,472$1,108$824$607$123
26 years$1,837$1,383$1,027$753$547$103
27 years$1,750$1,302$954$690$493$86
28 years$1,669$1,227$887$632$445$71
29 years$1,594$1,157$825$579$402$59
30 years$1,525$1,093$769$532$363$50
31 years$1,459$1,033$717$488$328$41
32 years$1,399$978$669$449$297$34
33 years$1,341$926$624$413$269$29
34 years$1,288$878$583$380$243$24
35 years$1,237$832$545$350$220$20
36 years$1,190$790$510$322$200$17
37 years$1,145$750$477$297$181$14
38 years$1,102$713$447$273$164$12
39 years$1,062$678$419$252$149$10
40 years$1,024$645$393$233$135$8
41 years$988$614$368$215$122$7
42 years$954$585$345$198$111$6
43 years$921$557$324$183$101$5
44 years$890$531$304$169$92$4
45 years$860$506$286$156$83$3
46 years$832$483$268$144$75$3
47 years$805$461$252$133$68$2
48 years$779$440$237$123$62$2
49 years$755$420$223$114$56$2
50 years$731$402$209$105$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $749,000, adding $2,553 every year, while hoping to spend $36,216 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: 53/30/17 Blend
50$749,000$749,000$749,000$749,000
51$828,031$788,334$776,725$867,979
52$873,957$788,429$764,212$895,699
53$923,353$787,315$750,065$921,804
54$976,536$784,894$734,193$949,408
55$1,033,852$781,063$716,498$978,666
56$1,095,682$775,712$696,877$1,009,746
57$1,162,444$768,725$675,226$1,042,839
58$1,234,599$759,978$651,431$1,078,154
59$1,312,651$749,340$625,377$1,115,925
60$1,397,157$736,673$596,943$1,156,411
61$1,488,726$721,829$566,000$1,199,901
62$1,588,032$704,654$532,416$1,246,715
63$1,695,811$684,982$496,052$1,297,208
64$1,812,876$662,639$456,762$1,351,774
65$1,940,121$637,439$414,395$1,410,850
66$2,078,528$609,189$368,792$1,474,921
67$2,229,179$577,680$319,788$1,544,524
68$2,393,263$542,695$267,209$1,620,255
69$2,572,091$504,002$210,875$1,702,775
70$2,767,102$461,356$150,598$1,792,816
71$2,979,884$414,499$86,180$1,891,187
72$3,212,181$363,158$17,415$1,998,787
73$3,465,915$307,045$0$2,116,609
74$3,743,202$245,854$0$2,255,906
75$4,046,371$179,263$0$2,411,776
76$4,377,985$106,932$0$2,582,446
77$4,740,870$28,501$0$2,769,451
78$5,138,133$0$0$2,974,489
79$5,573,198$0$0$3,218,054
80$6,049,836$0$0$3,495,272
81$6,572,198$0$0$3,799,160
82$7,144,858$0$0$4,132,386
83$7,772,851$0$0$4,497,892
84$8,461,725$0$0$4,898,915
85$9,217,589$0$0$5,339,023
86$10,047,173$0$0$5,822,145
87$10,957,891$0$0$6,352,610
88$11,957,908$0$0$6,935,185
89$13,056,220$0$0$7,575,123
90$14,262,735$0$0$8,278,210
91$15,588,371$0$0$9,050,820
92$17,045,153$0$0$9,899,976
93$18,646,330$0$0$10,833,413
94$20,406,498$0$0$11,859,656
95$22,341,737$0$0$12,988,095
96$24,469,765$0$0$14,229,075
97$26,810,101$0$0$15,593,996
98$29,384,251$0$0$17,095,415
99$32,215,908$0$0$18,747,170
100$35,331,180$0$0$20,564,507