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%17.5%
1 years$57,888$57,372$56,869$56,378$55,899$54,196
2 years$28,657$28,124$27,606$27,105$26,618$24,918
3 years$18,915$18,379$17,863$17,366$16,888$15,242
4 years$14,045$13,511$13,000$12,511$12,045$10,467
5 years$11,124$10,592$10,088$9,610$9,156$7,651
6 years$9,177$8,650$8,153$7,685$7,245$5,813
7 years$7,787$7,264$6,775$6,318$5,892$4,533
8 years$6,745$6,226$5,746$5,300$4,888$3,602
9 years$5,934$5,421$4,949$4,515$4,116$2,901
10 years$5,287$4,779$4,315$3,892$3,507$2,361
11 years$4,757$4,254$3,798$3,387$3,016$1,938
12 years$4,316$3,818$3,371$2,971$2,614$1,601
13 years$3,943$3,451$3,012$2,623$2,279$1,329
14 years$3,624$3,136$2,706$2,328$1,998$1,108
15 years$3,347$2,865$2,443$2,076$1,759$927
16 years$3,106$2,629$2,215$1,859$1,555$777
17 years$2,893$2,421$2,016$1,670$1,379$654
18 years$2,703$2,237$1,840$1,505$1,226$551
19 years$2,534$2,073$1,685$1,360$1,093$465
20 years$2,382$1,927$1,546$1,232$976$393
21 years$2,245$1,795$1,422$1,118$873$332
22 years$2,121$1,675$1,311$1,017$783$281
23 years$2,007$1,567$1,210$926$703$238
24 years$1,903$1,468$1,119$844$632$202
25 years$1,807$1,378$1,037$771$568$171
26 years$1,719$1,295$961$705$512$145
27 years$1,638$1,219$893$645$462$123
28 years$1,562$1,148$830$591$417$105
29 years$1,492$1,083$772$542$376$89
30 years$1,427$1,023$719$498$340$76
31 years$1,366$967$671$457$307$64
32 years$1,309$915$626$420$278$55
33 years$1,255$867$584$386$252$47
34 years$1,205$821$546$355$228$40
35 years$1,158$779$510$327$206$34
36 years$1,113$739$477$301$187$29
37 years$1,071$702$447$278$169$24
38 years$1,032$667$418$256$154$21
39 years$994$635$392$236$139$18
40 years$958$604$367$218$126$15
41 years$925$575$345$201$115$13
42 years$892$547$323$185$104$11
43 years$862$522$303$171$94$9
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 $5,732 every year, while hoping to spend $22,167 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: 42/48/10 Blend
50$701,000$701,000$701,000$701,000
51$778,415$741,262$730,396$808,596
52$834,227$753,998$731,279$842,989
53$894,990$766,615$731,448$877,534
54$961,184$779,085$730,857$914,443
55$1,033,340$791,374$729,455$953,938
56$1,112,040$803,451$727,191$996,267
57$1,197,926$815,279$724,011$1,041,704
58$1,291,705$826,818$719,856$1,090,550
59$1,394,155$838,028$714,667$1,143,138
60$1,506,131$848,864$708,381$1,199,836
61$1,628,577$859,279$700,932$1,261,050
62$1,762,531$869,222$692,251$1,327,226
63$1,909,134$878,639$682,267$1,398,861
64$2,069,646$887,472$670,903$1,476,498
65$2,245,452$895,661$658,081$1,560,742
66$2,438,079$903,139$643,717$1,652,255
67$2,649,207$909,836$627,725$1,751,773
68$2,880,686$915,679$610,015$1,860,105
69$3,134,556$920,587$590,491$1,978,145
70$3,413,063$924,478$569,054$2,106,880
71$3,718,678$927,260$545,600$2,247,399
72$4,054,127$928,840$520,022$2,400,903
73$4,422,411$929,116$492,205$2,568,720
74$4,826,834$927,980$462,031$2,752,312
75$5,271,039$925,318$429,377$2,953,295
76$5,759,036$921,010$394,112$3,173,452
77$6,295,245$914,927$356,102$3,414,749
78$6,884,535$906,933$315,206$3,679,356
79$7,532,268$896,883$271,276$3,969,668
80$8,244,353$884,624$224,157$4,288,327
81$9,027,300$869,994$173,690$4,638,247
82$9,888,282$852,821$119,706$5,022,645
83$10,835,200$832,922$62,029$5,445,068
84$11,876,760$810,106$477$5,909,429
85$13,022,556$784,167$0$6,420,046
86$14,283,155$754,889$0$6,988,640
87$15,670,202$722,045$0$7,614,011
88$17,196,529$685,391$0$8,301,926
89$18,876,272$644,672$0$9,058,799
90$20,725,008$599,617$0$9,891,703
91$22,759,901$549,940$0$10,808,439
92$24,999,862$495,339$0$11,817,606
93$27,465,731$435,494$0$12,928,689
94$30,180,469$370,066$0$14,152,145
95$33,169,377$298,700$0$15,499,505
96$36,460,334$221,017$0$16,983,482
97$40,084,061$136,619$0$18,618,094
98$44,074,409$45,087$0$20,418,797
99$48,468,677$0$0$22,402,632
100$53,307,970$0$0$24,616,921