Can I retire at age 51 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$61,934$61,383$60,844$60,319$59,806$58,431
2 years$30,661$30,090$29,536$29,000$28,479$27,102
3 years$20,237$19,664$19,112$18,580$18,068$16,731
4 years$15,027$14,455$13,909$13,386$12,886$11,600
5 years$11,901$11,333$10,794$10,282$9,796$8,564
6 years$9,818$9,254$8,723$8,222$7,751$6,575
7 years$8,331$7,772$7,249$6,760$6,304$5,183
8 years$7,216$6,662$6,147$5,671$5,230$4,164
9 years$6,349$5,800$5,295$4,830$4,404$3,393
10 years$5,656$5,113$4,616$4,164$3,753$2,795
11 years$5,090$4,551$4,064$3,624$3,227$2,321
12 years$4,618$4,085$3,607$3,179$2,797$1,941
13 years$4,219$3,692$3,222$2,806$2,439$1,633
14 years$3,877$3,356$2,895$2,491$2,138$1,379
15 years$3,581$3,066$2,614$2,222$1,882$1,169
16 years$3,323$2,813$2,370$1,989$1,664$994
17 years$3,095$2,590$2,157$1,787$1,475$847
18 years$2,892$2,394$1,969$1,611$1,312$724
19 years$2,712$2,218$1,802$1,455$1,169$620
20 years$2,549$2,061$1,654$1,318$1,044$531
21 years$2,402$1,920$1,521$1,196$934$456
22 years$2,269$1,792$1,402$1,088$838$392
23 years$2,147$1,676$1,295$991$752$337
24 years$2,036$1,571$1,197$903$676$290
25 years$1,934$1,474$1,109$825$608$250
26 years$1,839$1,385$1,029$754$548$215
27 years$1,752$1,304$955$691$494$186
28 years$1,672$1,228$888$633$446$160
29 years$1,597$1,159$826$580$402$138
30 years$1,527$1,094$770$532$364$119
31 years$1,461$1,035$717$489$329$103
32 years$1,400$979$669$449$297$89
33 years$1,343$927$625$413$269$77
34 years$1,289$879$584$380$244$66
35 years$1,239$833$546$350$221$57
36 years$1,191$791$511$322$200$50
37 years$1,146$751$478$297$181$43
38 years$1,104$714$448$274$164$37
39 years$1,063$679$419$252$149$32
40 years$1,025$646$393$233$135$28
41 years$989$615$369$215$123$24
42 years$955$586$346$198$111$21
43 years$922$558$324$183$101$18
44 years$891$532$305$169$92$16
45 years$861$507$286$156$83$13
46 years$833$484$269$144$76$12
47 years$806$462$252$133$69$10
48 years$780$441$237$123$62$9
49 years$756$421$223$114$57$8
50 years$732$402$210$105$51$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $750,000, adding $6,480 every year, while hoping to spend $40,454 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: 75/19/6 Blend
50$750,000$750,000$750,000$750,000
51$833,184$793,434$781,809$894,659
52$875,126$789,270$764,957$931,816
53$919,990$783,545$746,184$966,710
54$968,032$776,142$725,384$1,003,775
55$1,019,532$766,933$702,445$1,043,208
56$1,074,796$755,785$677,249$1,085,230
57$1,134,163$742,556$649,674$1,130,085
58$1,198,001$727,095$619,592$1,178,039
59$1,266,718$709,243$586,870$1,229,390
60$1,340,760$688,833$551,366$1,284,464
61$1,420,616$665,684$512,935$1,343,621
62$1,506,825$639,609$471,425$1,407,259
63$1,599,979$610,407$426,675$1,475,817
64$1,700,727$577,867$378,519$1,549,781
65$1,809,784$541,766$326,782$1,629,686
66$1,927,936$501,866$271,283$1,716,123
67$2,056,046$457,918$211,832$1,809,745
68$2,195,065$409,658$148,231$1,911,270
69$2,346,036$356,806$80,271$2,021,496
70$2,510,110$299,068$7,738$2,141,299
71$2,688,549$236,130$0$2,271,647
72$2,882,745$167,665$0$2,418,072
73$3,094,228$93,324$0$2,578,111
74$3,324,682$12,739$0$2,752,587
75$3,575,960$0$0$2,942,954
76$3,850,100$0$0$3,166,388
77$4,149,350$0$0$3,413,222
78$4,476,178$0$0$3,682,835
79$4,833,307$0$0$3,977,475
80$5,223,730$0$0$4,299,616
81$5,650,745$0$0$4,651,983
82$6,117,982$0$0$5,037,577
83$6,629,440$0$0$5,459,701
84$7,189,521$0$0$5,921,992
85$7,803,072$0$0$6,428,457
86$8,475,432$0$0$6,983,508
87$9,212,481$0$0$7,592,004
88$10,020,695$0$0$8,259,296
89$10,907,205$0$0$8,991,278
90$11,879,868$0$0$9,794,443
91$12,947,337$0$0$10,675,942
92$14,119,142$0$0$11,643,650
93$15,405,784$0$0$12,706,247
94$16,818,828$0$0$13,873,288
95$18,371,014$0$0$15,155,305
96$20,076,379$0$0$16,563,896
97$21,950,383$0$0$18,111,840
98$24,010,062$0$0$19,813,214
99$26,274,181$0$0$21,683,529
100$28,763,415$0$0$23,739,871