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%17.9%
1 years$61,934$61,383$60,844$60,319$59,806$57,892
2 years$30,661$30,090$29,536$29,000$28,479$26,568
3 years$20,237$19,664$19,112$18,580$18,068$16,220
4 years$15,027$14,455$13,909$13,386$12,886$11,116
5 years$11,901$11,333$10,794$10,282$9,796$8,108
6 years$9,818$9,254$8,723$8,222$7,751$6,147
7 years$8,331$7,772$7,249$6,760$6,304$4,783
8 years$7,216$6,662$6,147$5,671$5,230$3,791
9 years$6,349$5,800$5,295$4,830$4,404$3,046
10 years$5,656$5,113$4,616$4,164$3,753$2,473
11 years$5,090$4,551$4,064$3,624$3,227$2,025
12 years$4,618$4,085$3,607$3,179$2,797$1,668
13 years$4,219$3,692$3,222$2,806$2,439$1,381
14 years$3,877$3,356$2,895$2,491$2,138$1,148
15 years$3,581$3,066$2,614$2,222$1,882$958
16 years$3,323$2,813$2,370$1,989$1,664$801
17 years$3,095$2,590$2,157$1,787$1,475$671
18 years$2,892$2,394$1,969$1,611$1,312$564
19 years$2,712$2,218$1,802$1,455$1,169$474
20 years$2,549$2,061$1,654$1,318$1,044$400
21 years$2,402$1,920$1,521$1,196$934$337
22 years$2,269$1,792$1,402$1,088$838$284
23 years$2,147$1,676$1,295$991$752$240
24 years$2,036$1,571$1,197$903$676$203
25 years$1,934$1,474$1,109$825$608$172
26 years$1,839$1,385$1,029$754$548$145
27 years$1,752$1,304$955$691$494$123
28 years$1,672$1,228$888$633$446$104
29 years$1,597$1,159$826$580$402$88
30 years$1,527$1,094$770$532$364$75
31 years$1,461$1,035$717$489$329$63
32 years$1,400$979$669$449$297$54
33 years$1,343$927$625$413$269$45
34 years$1,289$879$584$380$244$39
35 years$1,239$833$546$350$221$33
36 years$1,191$791$511$322$200$28
37 years$1,146$751$478$297$181$23
38 years$1,104$714$448$274$164$20
39 years$1,063$679$419$252$149$17
40 years$1,025$646$393$233$135$14
41 years$989$615$369$215$123$12
42 years$955$586$346$198$111$10
43 years$922$558$324$183$101$9
44 years$891$532$305$169$92$7
45 years$861$507$286$156$83$6
46 years$833$484$269$144$76$5
47 years$806$462$252$133$69$5
48 years$780$441$237$123$62$4
49 years$756$421$223$114$57$3
50 years$732$402$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $750,000, adding $4,650 every year, while hoping to spend $50,402 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: 58/17/25 Blend
50$750,000$750,000$750,000$750,000
51$831,296$791,546$779,921$873,636
52$862,461$776,705$752,422$888,236
53$895,116$759,447$722,311$898,378
54$929,359$739,601$689,449$908,367
55$965,297$716,985$653,689$918,201
56$1,003,047$691,407$614,878$927,881
57$1,042,735$662,663$572,853$937,409
58$1,084,498$630,538$527,448$946,792
59$1,128,487$594,804$478,488$956,039
60$1,174,863$555,220$425,788$965,165
61$1,223,805$511,532$369,158$974,189
62$1,275,506$463,470$308,398$983,133
63$1,330,177$410,749$243,298$992,030
64$1,388,049$353,069$173,642$1,000,916
65$1,449,372$290,112$99,202$1,009,836
66$1,514,422$221,542$19,739$1,018,846
67$1,583,500$147,004$0$1,028,011
68$1,656,934$66,124$0$1,054,762
69$1,735,083$0$0$1,088,580
70$1,818,341$0$0$1,128,393
71$1,907,140$0$0$1,184,084
72$2,001,951$0$0$1,243,585
73$2,103,291$0$0$1,307,224
74$2,211,729$0$0$1,375,364
75$2,327,884$0$0$1,448,400
76$2,452,440$0$0$1,526,767
77$2,586,145$0$0$1,610,943
78$2,729,820$0$0$1,701,451
79$2,884,366$0$0$1,798,865
80$3,050,774$0$0$1,903,818
81$3,230,129$0$0$2,017,002
82$3,423,626$0$0$2,139,179
83$3,632,576$0$0$2,271,186
84$3,858,421$0$0$2,413,943
85$4,102,745$0$0$2,568,460
86$4,367,289$0$0$2,735,850
87$4,653,967$0$0$2,917,334
88$4,964,885$0$0$3,114,255
89$5,302,357$0$0$3,328,092
90$5,668,930$0$0$3,560,471
91$6,067,404$0$0$3,813,178
92$6,500,859$0$0$4,088,182
93$6,972,687$0$0$4,387,648
94$7,486,616$0$0$4,713,957
95$8,046,751$0$0$5,069,731
96$8,657,610$0$0$5,457,854
97$9,324,164$0$0$5,881,503
98$10,051,887$0$0$6,344,173
99$10,846,802$0$0$6,849,712
100$11,715,541$0$0$7,402,357