Can I retire at age 51 with 702,000?

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 $702,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$57,971$57,454$56,950$56,459$55,978$54,983
2 years$28,698$28,164$27,646$27,144$26,656$25,657
3 years$18,942$18,405$17,889$17,391$16,912$15,940
4 years$14,065$13,530$13,018$12,529$12,062$11,124
5 years$11,140$10,608$10,103$9,624$9,169$8,269
6 years$9,190$8,662$8,165$7,696$7,255$6,393
7 years$7,798$7,274$6,785$6,327$5,900$5,077
8 years$6,754$6,235$5,754$5,308$4,895$4,110
9 years$5,943$5,429$4,956$4,521$4,122$3,375
10 years$5,294$4,785$4,321$3,897$3,512$2,802
11 years$4,764$4,260$3,804$3,392$3,021$2,347
12 years$4,322$3,824$3,376$2,975$2,618$1,979
13 years$3,949$3,456$3,016$2,627$2,283$1,679
14 years$3,629$3,141$2,710$2,332$2,001$1,431
15 years$3,352$2,869$2,447$2,079$1,762$1,224
16 years$3,110$2,633$2,218$1,862$1,557$1,050
17 years$2,897$2,424$2,019$1,673$1,381$904
18 years$2,707$2,240$1,843$1,508$1,228$779
19 years$2,538$2,076$1,687$1,362$1,094$674
20 years$2,386$1,929$1,548$1,234$977$583
21 years$2,248$1,797$1,424$1,120$875$505
22 years$2,124$1,678$1,312$1,018$784$439
23 years$2,010$1,569$1,212$927$704$381
24 years$1,906$1,470$1,121$846$633$331
25 years$1,810$1,380$1,038$772$569$288
26 years$1,722$1,297$963$706$513$251
27 years$1,640$1,220$894$646$462$219
28 years$1,565$1,150$831$592$417$191
29 years$1,494$1,085$773$543$377$166
30 years$1,429$1,024$720$498$340$145
31 years$1,368$968$672$458$308$127
32 years$1,311$916$627$421$278$111
33 years$1,257$868$585$387$252$97
34 years$1,207$822$547$356$228$84
35 years$1,160$780$511$328$207$74
36 years$1,115$740$478$302$187$64
37 years$1,073$703$447$278$170$56
38 years$1,033$668$419$256$154$49
39 years$995$635$393$236$139$43
40 years$960$605$368$218$126$38
41 years$926$576$345$201$115$33
42 years$894$548$324$186$104$29
43 years$863$522$304$171$94$25
44 years$834$498$285$158$86$22
45 years$806$475$268$146$78$19
46 years$780$453$251$135$71$17
47 years$755$432$236$125$64$15
48 years$731$413$222$115$58$13
49 years$707$394$209$106$53$11
50 years$685$376$196$98$48$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $702,000, adding $4,426 every year, while hoping to spend $25,997 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: 59/32/9 Blend
50$702,000$702,000$702,000$702,000
51$778,169$740,963$730,082$822,225
52$829,882$749,610$726,880$860,994
53$885,998$757,809$722,698$899,912
54$946,939$765,511$717,478$941,705
55$1,013,169$772,663$711,156$986,653
56$1,085,199$779,210$703,665$1,035,061
57$1,163,588$785,091$694,938$1,087,269
58$1,248,957$790,242$684,900$1,143,649
59$1,341,983$794,597$673,477$1,204,615
60$1,443,415$798,082$660,589$1,270,621
61$1,554,077$800,621$646,152$1,342,168
62$1,674,874$802,133$630,079$1,419,812
63$1,806,805$802,531$612,280$1,504,162
64$1,950,967$801,723$592,660$1,595,894
65$2,108,569$799,611$571,117$1,695,751
66$2,280,943$796,092$547,550$1,804,554
67$2,469,554$791,055$521,847$1,923,209
68$2,676,015$784,384$493,896$2,052,717
69$2,902,105$775,955$463,578$2,194,179
70$3,149,780$765,637$430,767$2,348,813
71$3,421,194$753,290$395,335$2,517,961
72$3,718,722$738,768$357,146$2,703,105
73$4,044,978$721,914$316,056$2,905,879
74$4,402,841$702,562$271,919$3,128,085
75$4,795,483$680,539$224,580$3,371,712
76$5,226,395$655,659$173,876$3,638,955
77$5,699,426$627,725$119,640$3,932,233
78$6,218,815$596,531$61,695$4,254,218
79$6,789,229$561,856$0$4,607,852
80$7,415,813$523,470$0$4,996,400
81$8,104,233$481,126$0$5,429,753
82$8,860,729$434,566$0$5,905,952
83$9,692,178$383,514$0$6,429,376
84$10,606,156$327,683$0$7,004,852
85$11,611,010$266,765$0$7,637,706
86$12,715,934$200,437$0$8,333,806
87$13,931,059$128,359$0$9,099,625
88$15,267,547$50,168$0$9,942,300
89$16,737,696$0$0$10,869,697
90$18,355,055$0$0$11,902,645
91$20,134,553$0$0$13,058,649
92$22,092,639$0$0$14,330,736
93$24,247,437$0$0$15,730,689
94$26,618,918$0$0$17,271,491
95$29,229,084$0$0$18,967,447
96$32,102,180$0$0$20,834,321
97$35,264,922$0$0$22,889,479
98$38,746,746$0$0$25,152,061
99$42,580,087$0$0$27,643,153
100$46,800,686$0$0$30,385,992