Can I retire at age 51 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$62,430$61,874$61,331$60,802$60,285$58,971
2 years$30,906$30,330$29,772$29,232$28,707$27,390
3 years$20,399$19,821$19,265$18,729$18,213$16,934
4 years$15,147$14,571$14,020$13,493$12,990$11,758
5 years$11,996$11,424$10,880$10,364$9,874$8,695
6 years$9,897$9,328$8,793$8,288$7,813$6,686
7 years$8,398$7,834$7,307$6,814$6,354$5,280
8 years$7,274$6,715$6,197$5,716$5,272$4,249
9 years$6,400$5,847$5,337$4,869$4,439$3,468
10 years$5,701$5,154$4,653$4,197$3,783$2,862
11 years$5,130$4,588$4,096$3,653$3,253$2,382
12 years$4,655$4,118$3,636$3,204$2,819$1,996
13 years$4,253$3,721$3,248$2,829$2,458$1,682
14 years$3,908$3,383$2,918$2,511$2,155$1,423
15 years$3,610$3,090$2,635$2,239$1,897$1,209
16 years$3,349$2,835$2,389$2,005$1,677$1,030
17 years$3,120$2,611$2,174$1,802$1,487$880
18 years$2,916$2,413$1,984$1,624$1,322$754
19 years$2,733$2,236$1,817$1,467$1,178$647
20 years$2,569$2,078$1,667$1,329$1,053$556
21 years$2,421$1,935$1,534$1,206$942$478
22 years$2,287$1,807$1,413$1,096$844$412
23 years$2,164$1,690$1,305$998$758$355
24 years$2,052$1,583$1,207$911$681$306
25 years$1,949$1,486$1,118$832$613$264
26 years$1,854$1,396$1,037$760$552$228
27 years$1,766$1,314$963$696$498$197
28 years$1,685$1,238$895$638$449$171
29 years$1,609$1,168$833$585$406$148
30 years$1,539$1,103$776$537$366$128
31 years$1,473$1,043$723$493$331$111
32 years$1,412$987$675$453$300$96
33 years$1,354$935$630$417$271$83
34 years$1,300$886$589$383$246$72
35 years$1,249$840$550$353$222$62
36 years$1,201$797$515$325$202$54
37 years$1,155$757$482$299$183$47
38 years$1,113$720$451$276$166$41
39 years$1,072$684$423$254$150$35
40 years$1,034$651$396$235$136$30
41 years$997$620$372$217$124$26
42 years$962$590$349$200$112$23
43 years$930$562$327$184$102$20
44 years$898$536$307$170$92$17
45 years$868$511$288$157$84$15
46 years$840$488$271$145$76$13
47 years$813$465$254$134$69$11
48 years$787$444$239$124$63$10
49 years$762$424$225$115$57$8
50 years$738$405$211$106$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $756,000, adding $4,816 every year, while hoping to spend $40,375 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: 76/14/10 Blend
50$756,000$756,000$756,000$756,000
51$838,080$798,012$786,294$899,932
52$880,605$794,156$769,676$937,469
53$926,115$788,757$751,148$972,995
54$974,871$781,699$730,604$1,010,792
55$1,027,160$772,854$707,932$1,051,070
56$1,083,298$762,092$683,015$1,094,061
57$1,143,630$749,270$655,731$1,140,021
58$1,208,535$734,239$625,953$1,189,235
59$1,278,431$716,842$593,548$1,242,013
60$1,353,775$696,911$558,376$1,298,700
61$1,435,070$674,270$520,291$1,359,677
62$1,522,868$648,730$479,142$1,425,363
63$1,617,776$620,093$434,769$1,496,221
64$1,720,461$588,150$387,005$1,572,762
65$1,831,657$552,678$335,679$1,655,549
66$1,952,170$513,443$280,608$1,745,204
67$2,082,886$470,196$221,603$1,842,416
68$2,224,781$422,676$158,467$1,947,940
69$2,378,925$370,604$90,993$2,062,614
70$2,546,501$313,689$18,966$2,187,360
71$2,728,803$251,619$0$2,323,196
72$2,927,262$184,069$0$2,477,425
73$3,143,447$110,693$0$2,647,669
74$3,379,087$31,125$0$2,833,297
75$3,636,086$0$0$3,035,845
76$3,916,536$0$0$3,265,484
77$4,222,744$0$0$3,521,477
78$4,557,248$0$0$3,801,153
79$4,922,839$0$0$4,106,850
80$5,322,595$0$0$4,441,146
81$5,759,901$0$0$4,806,874
82$6,238,485$0$0$5,207,158
83$6,762,455$0$0$5,645,435
84$7,336,330$0$0$6,125,492
85$7,965,089$0$0$6,651,498
86$8,654,216$0$0$7,228,044
87$9,409,750$0$0$7,860,187
88$10,238,342$0$0$8,553,498
89$11,147,317$0$0$9,314,111
90$12,144,744$0$0$10,148,784
91$13,239,512$0$0$11,064,960
92$14,441,410$0$0$12,070,836
93$15,761,223$0$0$13,175,446
94$17,210,831$0$0$14,388,737
95$18,803,321$0$0$15,721,670
96$20,553,109$0$0$17,186,319
97$22,476,079$0$0$18,795,984
98$24,589,729$0$0$20,565,321
99$26,913,335$0$0$22,510,472
100$29,468,136$0$0$24,649,224