Can I retire at age 51 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$62,017$61,464$60,926$60,399$59,886$58,202
2 years$30,701$30,130$29,575$29,038$28,517$26,834
3 years$20,264$19,690$19,137$18,605$18,092$16,462
4 years$15,047$14,474$13,927$13,404$12,904$11,339
5 years$11,917$11,348$10,808$10,295$9,809$8,314
6 years$9,831$9,266$8,734$8,233$7,762$6,338
7 years$8,342$7,782$7,258$6,769$6,312$4,959
8 years$7,226$6,671$6,156$5,678$5,237$3,954
9 years$6,358$5,808$5,302$4,837$4,410$3,197
10 years$5,664$5,119$4,622$4,169$3,758$2,612
11 years$5,096$4,558$4,069$3,629$3,232$2,152
12 years$4,624$4,091$3,611$3,183$2,800$1,784
13 years$4,224$3,697$3,227$2,810$2,442$1,487
14 years$3,882$3,360$2,899$2,494$2,141$1,245
15 years$3,586$3,070$2,618$2,224$1,885$1,046
16 years$3,327$2,816$2,373$1,992$1,666$881
17 years$3,099$2,594$2,159$1,790$1,477$744
18 years$2,896$2,397$1,971$1,613$1,313$630
19 years$2,715$2,221$1,805$1,457$1,171$534
20 years$2,552$2,064$1,656$1,320$1,046$453
21 years$2,405$1,923$1,523$1,198$936$385
22 years$2,272$1,795$1,404$1,089$839$327
23 years$2,150$1,679$1,296$992$753$279
24 years$2,039$1,573$1,199$905$677$237
25 years$1,936$1,476$1,110$826$609$202
26 years$1,842$1,387$1,030$755$548$173
27 years$1,755$1,305$956$691$495$147
28 years$1,674$1,230$889$634$446$126
29 years$1,599$1,160$827$581$403$107
30 years$1,529$1,096$771$533$364$92
31 years$1,463$1,036$718$490$329$78
32 years$1,402$980$670$450$298$67
33 years$1,345$928$626$414$269$57
34 years$1,291$880$585$381$244$49
35 years$1,240$835$547$351$221$42
36 years$1,193$792$511$323$200$36
37 years$1,148$752$479$297$181$31
38 years$1,105$715$448$274$165$26
39 years$1,065$680$420$253$149$22
40 years$1,027$647$394$233$135$19
41 years$991$616$369$215$123$16
42 years$956$586$346$199$111$14
43 years$923$559$325$183$101$12
44 years$892$533$305$169$92$10
45 years$863$508$286$156$83$9
46 years$834$484$269$144$76$7
47 years$807$462$253$133$69$6
48 years$782$441$237$123$62$5
49 years$757$421$223$114$57$5
50 years$733$403$210$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $751,000, adding $4,489 every year, while hoping to spend $48,837 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: 76/6/18 Blend
50$751,000$751,000$751,000$751,000
51$832,232$792,429$780,789$891,736
52$865,158$779,296$754,983$918,580
53$899,805$763,883$726,676$941,503
54$936,298$746,026$695,732$965,332
55$974,771$725,552$662,010$990,143
56$1,015,373$702,279$625,362$1,016,020
57$1,058,262$676,012$585,634$1,043,058
58$1,103,615$646,547$542,663$1,071,358
59$1,151,623$613,666$496,281$1,101,038
60$1,202,493$577,141$446,311$1,132,225
61$1,256,455$536,728$392,570$1,165,059
62$1,313,757$492,172$334,865$1,199,698
63$1,374,672$443,200$272,994$1,236,316
64$1,439,497$389,525$206,749$1,275,107
65$1,508,560$330,847$135,909$1,316,282
66$1,582,218$266,843$60,247$1,360,080
67$1,660,863$197,176$0$1,406,763
68$1,744,922$121,490$0$1,460,558
69$1,834,868$39,406$0$1,530,455
70$1,931,214$0$0$1,605,277
71$2,034,527$0$0$1,688,738
72$2,145,428$0$0$1,781,140
73$2,264,597$0$0$1,880,452
74$2,392,782$0$0$1,987,299
75$2,530,803$0$0$2,102,368
76$2,679,562$0$0$2,226,414
77$2,840,049$0$0$2,360,266
78$3,013,352$0$0$2,504,833
79$3,200,665$0$0$2,661,116
80$3,403,303$0$0$2,830,215
81$3,622,709$0$0$3,013,338
82$3,860,472$0$0$3,211,815
83$4,118,335$0$0$3,427,106
84$4,398,220$0$0$3,660,820
85$4,702,237$0$0$3,914,723
86$5,032,709$0$0$4,190,760
87$5,392,191$0$0$4,491,069
88$5,783,493$0$0$4,818,005
89$6,209,709$0$0$5,174,158
90$6,674,243$0$0$5,562,376
91$7,180,840$0$0$5,985,797
92$7,733,624$0$0$6,447,873
93$8,337,132$0$0$6,952,403
94$8,996,360$0$0$7,503,572
95$9,716,808$0$0$8,105,983
96$10,504,530$0$0$8,764,707
97$11,366,194$0$0$9,485,326
98$12,309,138$0$0$10,273,987
99$13,341,446$0$0$11,137,458
100$14,472,018$0$0$12,083,192