Can I retire at age 51 with 701,000?

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 $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%17.3%
1 years$57,888$57,372$56,869$56,378$55,899$54,240
2 years$28,657$28,124$27,606$27,105$26,618$24,961
3 years$18,915$18,379$17,863$17,366$16,888$15,283
4 years$14,045$13,511$13,000$12,511$12,045$10,506
5 years$11,124$10,592$10,088$9,610$9,156$7,687
6 years$9,177$8,650$8,153$7,685$7,245$5,847
7 years$7,787$7,264$6,775$6,318$5,892$4,565
8 years$6,745$6,226$5,746$5,300$4,888$3,631
9 years$5,934$5,421$4,949$4,515$4,116$2,929
10 years$5,287$4,779$4,315$3,892$3,507$2,387
11 years$4,757$4,254$3,798$3,387$3,016$1,961
12 years$4,316$3,818$3,371$2,971$2,614$1,622
13 years$3,943$3,451$3,012$2,623$2,279$1,348
14 years$3,624$3,136$2,706$2,328$1,998$1,126
15 years$3,347$2,865$2,443$2,076$1,759$943
16 years$3,106$2,629$2,215$1,859$1,555$792
17 years$2,893$2,421$2,016$1,670$1,379$667
18 years$2,703$2,237$1,840$1,505$1,226$563
19 years$2,534$2,073$1,685$1,360$1,093$476
20 years$2,382$1,927$1,546$1,232$976$402
21 years$2,245$1,795$1,422$1,118$873$341
22 years$2,121$1,675$1,311$1,017$783$289
23 years$2,007$1,567$1,210$926$703$245
24 years$1,903$1,468$1,119$844$632$208
25 years$1,807$1,378$1,037$771$568$177
26 years$1,719$1,295$961$705$512$150
27 years$1,638$1,219$893$645$462$128
28 years$1,562$1,148$830$591$417$109
29 years$1,492$1,083$772$542$376$93
30 years$1,427$1,023$719$498$340$79
31 years$1,366$967$671$457$307$67
32 years$1,309$915$626$420$278$57
33 years$1,255$867$584$386$252$49
34 years$1,205$821$546$355$228$42
35 years$1,158$779$510$327$206$35
36 years$1,113$739$477$301$187$30
37 years$1,071$702$447$278$169$26
38 years$1,032$667$418$256$154$22
39 years$994$635$392$236$139$19
40 years$958$604$367$218$126$16
41 years$925$575$345$201$115$14
42 years$892$547$323$185$104$12
43 years$862$522$303$171$94$10
44 years$833$497$285$158$86$8
45 years$805$474$267$146$78$7
46 years$779$452$251$135$71$6
47 years$754$432$236$124$64$5
48 years$729$412$222$115$58$4
49 years$706$393$208$106$53$4
50 years$684$376$196$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $701,000, adding $4,288 every year, while hoping to spend $28,568 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: 75/12/13 Blend
50$701,000$701,000$701,000$701,000
51$776,925$739,772$728,907$832,800
52$825,775$745,625$722,929$876,128
53$878,651$750,807$715,793$919,606
54$935,932$755,255$707,431$966,471
55$998,037$758,903$697,770$1,017,051
56$1,065,426$761,678$686,735$1,071,705
57$1,138,605$763,505$674,245$1,130,834
58$1,218,129$764,304$660,220$1,194,874
59$1,304,612$763,989$644,571$1,264,310
60$1,398,727$762,469$627,208$1,339,675
61$1,501,214$759,647$608,037$1,421,556
62$1,612,889$755,421$586,957$1,510,601
63$1,734,650$749,682$563,866$1,607,525
64$1,867,483$742,315$538,655$1,713,114
65$2,012,476$733,199$511,209$1,828,236
66$2,170,826$722,202$481,412$1,953,848
67$2,343,848$709,189$449,138$2,091,005
68$2,532,995$694,013$414,258$2,240,871
69$2,739,862$676,521$376,637$2,404,726
70$2,966,207$656,550$336,133$2,583,985
71$3,213,966$633,927$292,600$2,780,207
72$3,485,271$608,469$245,882$2,995,108
73$3,782,468$579,984$195,818$3,230,584
74$4,108,142$548,266$142,241$3,488,722
75$4,465,142$513,100$84,975$3,771,826
76$4,856,601$474,256$23,837$4,082,432
77$5,285,973$431,494$0$4,423,340
78$5,757,063$384,557$0$4,803,379
79$6,274,059$333,176$0$5,224,106
80$6,841,577$277,066$0$5,685,991
81$7,464,699$215,924$0$6,193,196
82$8,149,027$149,432$0$6,750,311
83$8,900,728$77,255$0$7,362,391
84$9,726,599$0$0$8,035,008
85$10,634,125$0$0$8,774,428
86$11,631,554$0$0$9,598,342
87$12,727,973$0$0$10,504,055
88$13,933,392$0$0$11,499,841
89$15,258,838$0$0$12,594,816
90$16,716,464$0$0$13,799,020
91$18,319,657$0$0$15,123,519
92$20,083,166$0$0$16,580,502
93$22,023,242$0$0$18,183,401
94$24,157,791$0$0$19,947,013
95$26,506,541$0$0$21,887,644
96$29,091,231$0$0$24,023,260
97$31,935,811$0$0$26,373,655
98$35,066,673$0$0$28,960,642
99$38,512,895$0$0$31,808,252
100$42,306,518$0$0$34,942,968