Can I retire at age 51 with 701,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$57,888$57,372$56,869$56,378$55,899$55,477
2 years$28,657$28,124$27,606$27,105$26,618$26,193
3 years$18,915$18,379$17,863$17,366$16,888$16,472
4 years$14,045$13,511$13,000$12,511$12,045$11,642
5 years$11,124$10,592$10,088$9,610$9,156$8,767
6 years$9,177$8,650$8,153$7,685$7,245$6,871
7 years$7,787$7,264$6,775$6,318$5,892$5,533
8 years$6,745$6,226$5,746$5,300$4,888$4,543
9 years$5,934$5,421$4,949$4,515$4,116$3,787
10 years$5,287$4,779$4,315$3,892$3,507$3,192
11 years$4,757$4,254$3,798$3,387$3,016$2,715
12 years$4,316$3,818$3,371$2,971$2,614$2,327
13 years$3,943$3,451$3,012$2,623$2,279$2,006
14 years$3,624$3,136$2,706$2,328$1,998$1,738
15 years$3,347$2,865$2,443$2,076$1,759$1,512
16 years$3,106$2,629$2,215$1,859$1,555$1,320
17 years$2,893$2,421$2,016$1,670$1,379$1,156
18 years$2,703$2,237$1,840$1,505$1,226$1,015
19 years$2,534$2,073$1,685$1,360$1,093$894
20 years$2,382$1,927$1,546$1,232$976$788
21 years$2,245$1,795$1,422$1,118$873$696
22 years$2,121$1,675$1,311$1,017$783$616
23 years$2,007$1,567$1,210$926$703$545
24 years$1,903$1,468$1,119$844$632$483
25 years$1,807$1,378$1,037$771$568$429
26 years$1,719$1,295$961$705$512$381
27 years$1,638$1,219$893$645$462$339
28 years$1,562$1,148$830$591$417$301
29 years$1,492$1,083$772$542$376$268
30 years$1,427$1,023$719$498$340$239
31 years$1,366$967$671$457$307$213
32 years$1,309$915$626$420$278$190
33 years$1,255$867$584$386$252$169
34 years$1,205$821$546$355$228$151
35 years$1,158$779$510$327$206$135
36 years$1,113$739$477$301$187$120
37 years$1,071$702$447$278$169$107
38 years$1,032$667$418$256$154$96
39 years$994$635$392$236$139$86
40 years$958$604$367$218$126$76
41 years$925$575$345$201$115$68
42 years$892$547$323$185$104$61
43 years$862$522$303$171$94$55
44 years$833$497$285$158$86$49
45 years$805$474$267$146$78$44
46 years$779$452$251$135$71$39
47 years$754$432$236$124$64$35
48 years$729$412$222$115$58$31
49 years$706$393$208$106$53$28
50 years$684$376$196$98$48$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $701,000, adding $2,618 every year, while hoping to spend $32,360 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: 38/35/27 Blend
50$701,000$701,000$701,000$701,000
51$775,202$738,049$727,184$798,340
52$819,842$739,783$717,114$817,272
53$867,951$740,517$705,622$834,551
54$919,848$740,168$692,626$852,602
55$975,884$738,649$678,041$871,515
56$1,036,446$735,864$661,777$891,392
57$1,101,957$731,715$643,740$912,349
58$1,172,884$726,096$623,833$934,515
59$1,249,739$718,896$601,952$958,034
60$1,333,086$709,995$577,991$983,070
61$1,423,544$699,268$551,837$1,009,804
62$1,521,795$686,582$523,373$1,038,440
63$1,628,589$671,795$492,477$1,069,207
64$1,744,750$654,758$459,020$1,102,358
65$1,871,186$635,313$422,869$1,138,180
66$2,008,896$613,292$383,883$1,176,988
67$2,158,977$588,517$341,917$1,219,139
68$2,322,640$560,802$296,819$1,265,026
69$2,501,215$529,947$248,428$1,315,091
70$2,696,167$495,742$196,578$1,369,822
71$2,909,109$457,967$141,096$1,429,765
72$3,141,816$416,385$81,801$1,495,527
73$3,396,242$370,748$18,502$1,567,783
74$3,674,540$320,796$0$1,647,283
75$3,979,078$266,250$0$1,748,989
76$4,312,465$206,818$0$1,866,304
77$4,677,575$142,190$0$1,994,981
78$5,077,571$72,041$0$2,136,224
79$5,515,938$0$0$2,291,365
80$5,996,512$0$0$2,463,408
81$6,523,521$0$0$2,682,596
82$7,101,618$0$0$2,923,130
83$7,735,931$0$0$3,187,157
84$8,432,107$0$0$3,477,039
85$9,196,367$0$0$3,795,380
86$10,035,564$0$0$4,145,047
87$10,957,246$0$0$4,529,201
88$11,969,728$0$0$4,951,321
89$13,082,170$0$0$5,415,243
90$14,304,665$0$0$5,925,189
91$15,648,330$0$0$6,485,813
92$17,125,413$0$0$7,102,243
93$18,749,409$0$0$7,780,128
94$20,535,184$0$0$8,525,691
95$22,499,118$0$0$9,345,789
96$24,659,258$0$0$10,247,977
97$27,035,487$0$0$11,240,580
98$29,649,713$0$0$12,332,767
99$32,526,073$0$0$13,534,646
100$35,691,162$0$0$14,857,351