Can I retire at age 51 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$62,347$61,792$61,250$60,721$60,205$59,850
2 years$30,865$30,290$29,733$29,193$28,669$28,311
3 years$20,372$19,795$19,239$18,704$18,189$17,839
4 years$15,127$14,551$14,001$13,475$12,972$12,633
5 years$11,981$11,408$10,866$10,350$9,861$9,534
6 years$9,884$9,316$8,781$8,277$7,803$7,488
7 years$8,386$7,823$7,297$6,805$6,346$6,043
8 years$7,264$6,706$6,188$5,709$5,265$4,974
9 years$6,392$5,839$5,330$4,863$4,434$4,155
10 years$5,694$5,147$4,647$4,192$3,778$3,511
11 years$5,124$4,582$4,091$3,648$3,249$2,994
12 years$4,649$4,112$3,631$3,200$2,815$2,572
13 years$4,247$3,716$3,244$2,825$2,455$2,223
14 years$3,903$3,378$2,915$2,508$2,152$1,931
15 years$3,605$3,086$2,631$2,236$1,895$1,685
16 years$3,345$2,831$2,386$2,002$1,675$1,475
17 years$3,115$2,608$2,171$1,799$1,485$1,295
18 years$2,912$2,409$1,982$1,621$1,320$1,141
19 years$2,730$2,233$1,814$1,465$1,177$1,007
20 years$2,566$2,075$1,665$1,327$1,051$890
21 years$2,418$1,933$1,532$1,204$941$789
22 years$2,284$1,804$1,412$1,095$843$700
23 years$2,161$1,687$1,303$997$757$622
24 years$2,049$1,581$1,205$909$680$553
25 years$1,947$1,484$1,116$831$612$492
26 years$1,852$1,394$1,035$759$551$439
27 years$1,764$1,312$961$695$497$391
28 years$1,683$1,237$894$637$449$349
29 years$1,607$1,167$832$584$405$312
30 years$1,537$1,102$775$536$366$278
31 years$1,471$1,042$722$492$331$249
32 years$1,410$985$674$452$299$223
33 years$1,352$933$629$416$271$199
34 years$1,298$885$588$383$245$178
35 years$1,247$839$550$352$222$160
36 years$1,199$796$514$325$201$143
37 years$1,154$756$481$299$182$128
38 years$1,111$719$451$276$165$115
39 years$1,071$683$422$254$150$103
40 years$1,032$650$396$234$136$92
41 years$996$619$371$216$123$83
42 years$961$590$348$200$112$74
43 years$928$562$327$184$102$66
44 years$897$535$307$170$92$60
45 years$867$511$288$157$84$53
46 years$839$487$270$145$76$48
47 years$812$465$254$134$69$43
48 years$786$444$239$124$63$39
49 years$761$424$224$114$57$35
50 years$737$405$211$106$52$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $755,000, adding $3,341 every year, while hoping to spend $41,512 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: 66/8/26 Blend
50$755,000$755,000$755,000$755,000
51$835,456$795,441$783,739$884,720
52$876,504$790,249$765,826$913,133
53$920,348$783,412$745,921$939,210
54$967,229$774,804$723,914$966,787
55$1,017,411$764,294$699,690$996,012
56$1,071,184$751,743$673,128$1,027,054
57$1,128,868$737,001$644,100$1,060,097
58$1,190,811$719,912$612,476$1,095,347
59$1,257,395$700,310$578,116$1,133,032
60$1,329,043$678,018$540,876$1,173,404
61$1,406,216$652,852$500,606$1,216,743
62$1,489,421$624,613$457,147$1,263,359
63$1,579,216$593,093$410,336$1,313,596
64$1,676,213$558,071$359,999$1,367,836
65$1,781,086$519,315$305,957$1,426,499
66$1,894,572$476,578$248,023$1,490,052
67$2,017,487$429,598$186,000$1,559,014
68$2,150,724$378,102$119,684$1,633,955
69$2,295,265$321,796$48,861$1,715,510
70$2,452,193$260,375$0$1,804,379
71$2,622,696$193,512$0$1,908,749
72$2,808,082$120,865$0$2,037,014
73$3,009,790$42,071$0$2,176,620
74$3,229,404$0$0$2,328,685
75$3,468,666$0$0$2,498,251
76$3,729,493$0$0$2,687,182
77$4,013,996$0$0$2,893,308
78$4,324,497$0$0$3,118,318
79$4,663,553$0$0$3,364,070
80$5,033,978$0$0$3,632,612
81$5,438,872$0$0$3,926,195
82$5,881,644$0$0$4,247,299
83$6,366,051$0$0$4,598,656
84$6,896,230$0$0$4,983,273
85$7,476,732$0$0$5,404,461
86$8,112,574$0$0$5,865,866
87$8,809,279$0$0$6,371,504
88$9,572,928$0$0$6,925,798
89$10,410,219$0$0$7,533,618
90$11,328,532$0$0$8,200,330
91$12,335,991$0$0$8,931,842
92$13,441,547$0$0$9,734,663
93$14,655,059$0$0$10,615,964
94$15,987,388$0$0$11,583,640
95$17,450,495$0$0$12,646,392
96$19,057,560$0$0$13,813,802
97$20,823,100$0$0$15,096,430
98$22,763,108$0$0$16,505,904
99$24,895,202$0$0$18,055,039
100$27,238,792$0$0$19,757,949