Can I retire at age 51 with 705,000?

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 $705,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$58,218$57,700$57,194$56,700$56,218$55,631
2 years$28,821$28,284$27,764$27,260$26,770$26,179
3 years$19,023$18,484$17,965$17,465$16,984$16,407
4 years$14,125$13,588$13,074$12,583$12,113$11,555
5 years$11,187$10,653$10,146$9,665$9,208$8,670
6 years$9,229$8,699$8,199$7,729$7,286$6,769
7 years$7,831$7,305$6,814$6,354$5,926$5,430
8 years$6,783$6,262$5,779$5,331$4,916$4,441
9 years$5,968$5,452$4,977$4,541$4,140$3,686
10 years$5,317$4,806$4,339$3,914$3,527$3,094
11 years$4,784$4,278$3,820$3,406$3,034$2,621
12 years$4,341$3,840$3,390$2,988$2,629$2,236
13 years$3,966$3,470$3,029$2,638$2,292$1,919
14 years$3,645$3,154$2,722$2,342$2,010$1,655
15 years$3,366$2,882$2,457$2,088$1,769$1,433
16 years$3,123$2,644$2,228$1,870$1,564$1,245
17 years$2,909$2,435$2,027$1,680$1,387$1,085
18 years$2,719$2,250$1,851$1,514$1,233$948
19 years$2,549$2,085$1,694$1,368$1,099$830
20 years$2,396$1,938$1,555$1,239$982$729
21 years$2,258$1,805$1,430$1,124$878$640
22 years$2,133$1,685$1,318$1,022$787$563
23 years$2,018$1,576$1,217$931$707$496
24 years$1,914$1,476$1,126$849$635$438
25 years$1,818$1,385$1,042$776$572$386
26 years$1,729$1,302$967$709$515$341
27 years$1,647$1,225$898$649$464$302
28 years$1,571$1,155$835$595$419$267
29 years$1,501$1,089$777$545$378$236
30 years$1,435$1,029$723$501$342$209
31 years$1,374$973$674$460$309$185
32 years$1,316$920$629$422$279$164
33 years$1,263$871$588$388$253$146
34 years$1,212$826$549$357$229$129
35 years$1,164$783$513$329$207$115
36 years$1,120$744$480$303$188$102
37 years$1,077$706$449$279$170$90
38 years$1,037$671$421$257$154$80
39 years$1,000$638$394$237$140$71
40 years$964$607$370$219$127$63
41 years$930$578$347$202$115$56
42 years$898$550$325$186$105$50
43 years$867$524$305$172$95$44
44 years$838$500$286$159$86$39
45 years$810$477$269$147$78$35
46 years$783$455$253$136$71$31
47 years$758$434$237$125$64$28
48 years$734$414$223$116$59$24
49 years$710$396$210$107$53$22
50 years$688$378$197$99$48$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $705,000, adding $3,518 every year, while hoping to spend $39,297 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: 45/25/30 Blend
50$705,000$705,000$705,000$705,000
51$780,539$743,174$732,246$808,752
52$818,342$737,778$714,965$823,824
53$858,684$730,800$695,787$836,144
54$901,783$722,122$674,609$848,767
55$947,876$711,617$651,320$861,744
56$997,225$699,152$625,805$875,135
57$1,050,117$684,585$597,944$889,008
58$1,106,865$667,767$567,612$903,439
59$1,167,816$648,538$534,677$918,519
60$1,233,347$626,730$499,003$934,347
61$1,303,875$602,166$460,446$951,040
62$1,379,855$574,657$418,855$968,728
63$1,461,789$544,004$374,076$987,559
64$1,550,228$509,997$325,944$1,007,701
65$1,645,776$472,412$274,288$1,029,341
66$1,749,100$431,014$218,931$1,052,694
67$1,860,929$385,555$159,687$1,077,998
68$1,982,068$335,771$96,360$1,105,524
69$2,113,399$281,385$28,749$1,135,573
70$2,255,895$222,102$0$1,168,485
71$2,410,624$157,612$0$1,218,533
72$2,578,761$87,588$0$1,282,974
73$2,761,599$11,684$0$1,353,146
74$2,960,560$0$0$1,429,656
75$3,177,209$0$0$1,532,564
76$3,413,269$0$0$1,648,271
77$3,670,634$0$0$1,774,501
78$3,951,391$0$0$1,912,287
79$4,257,835$0$0$2,062,765
80$4,592,493$0$0$2,227,189
81$4,958,149$0$0$2,406,935
82$5,357,863$0$0$2,603,521
83$5,795,008$0$0$2,818,618
84$6,273,298$0$0$3,054,066
85$6,796,820$0$0$3,311,889
86$7,370,077$0$0$3,594,319
87$7,998,024$0$0$3,903,813
88$8,686,123$0$0$4,243,075
89$9,440,385$0$0$4,615,086
90$10,267,433$0$0$5,023,127
91$11,174,559$0$0$5,470,814
92$12,169,798$0$0$5,962,127
93$13,261,997$0$0$6,501,453
94$14,460,904$0$0$7,093,623
95$15,777,253$0$0$7,743,958
96$17,222,872$0$0$8,458,321
97$18,810,789$0$0$9,243,170
98$20,555,356$0$0$10,105,620
99$22,472,384$0$0$11,053,509
100$24,579,290$0$0$12,095,472