Can I retire at age 51 with 706,000?

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 $706,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$58,301$57,782$57,275$56,780$56,297$54,781
2 years$28,862$28,324$27,803$27,298$26,808$25,291
3 years$19,050$18,510$17,991$17,490$17,008$15,538
4 years$14,145$13,607$13,093$12,601$12,130$10,719
5 years$11,203$10,668$10,160$9,679$9,221$7,872
6 years$9,242$8,711$8,211$7,740$7,297$6,010
7 years$7,842$7,316$6,823$6,364$5,934$4,711
8 years$6,793$6,271$5,787$5,338$4,923$3,763
9 years$5,977$5,460$4,984$4,547$4,146$3,048
10 years$5,324$4,813$4,345$3,920$3,532$2,495
11 years$4,791$4,284$3,826$3,411$3,038$2,059
12 years$4,347$3,845$3,395$2,992$2,633$1,711
13 years$3,971$3,475$3,033$2,642$2,296$1,429
14 years$3,650$3,159$2,725$2,345$2,012$1,199
15 years$3,371$2,886$2,461$2,091$1,772$1,009
16 years$3,128$2,648$2,231$1,872$1,566$852
17 years$2,913$2,438$2,030$1,682$1,389$721
18 years$2,723$2,253$1,853$1,516$1,235$612
19 years$2,553$2,088$1,697$1,370$1,100$520
20 years$2,399$1,940$1,557$1,241$983$442
21 years$2,261$1,807$1,432$1,126$880$376
22 years$2,136$1,687$1,320$1,024$788$321
23 years$2,021$1,578$1,219$932$708$274
24 years$1,916$1,478$1,127$850$636$234
25 years$1,820$1,387$1,044$777$572$200
26 years$1,731$1,304$968$710$516$171
27 years$1,650$1,227$899$650$465$146
28 years$1,574$1,156$836$596$419$125
29 years$1,503$1,091$778$546$379$107
30 years$1,437$1,030$724$501$342$92
31 years$1,376$974$675$460$309$78
32 years$1,318$922$630$423$280$67
33 years$1,264$873$588$389$253$58
34 years$1,214$827$550$358$229$49
35 years$1,166$785$514$330$208$42
36 years$1,121$745$481$303$188$36
37 years$1,079$707$450$280$171$31
38 years$1,039$672$421$258$155$27
39 years$1,001$639$395$238$140$23
40 years$965$608$370$219$127$20
41 years$931$579$347$202$115$17
42 years$899$551$326$187$105$14
43 years$868$525$305$172$95$12
44 years$839$501$287$159$86$11
45 years$811$477$269$147$78$9
46 years$784$455$253$136$71$8
47 years$759$435$238$125$65$7
48 years$735$415$223$116$59$6
49 years$712$396$210$107$53$5
50 years$689$378$197$99$48$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $706,000, adding $2,355 every year, while hoping to spend $27,072 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: 60/14/26 Blend
50$706,000$706,000$706,000$706,000
51$780,441$743,023$732,080$821,679
52$831,242$750,627$727,800$857,633
53$886,317$757,696$722,470$893,724
54$946,073$764,175$716,025$932,526
55$1,010,960$770,007$708,399$974,311
56$1,081,469$775,128$699,521$1,019,374
57$1,158,143$779,474$689,319$1,068,047
58$1,241,578$782,972$677,716$1,120,691
59$1,332,430$785,549$664,631$1,177,709
60$1,431,422$787,125$649,980$1,239,544
61$1,539,348$787,616$633,676$1,306,685
62$1,657,084$786,931$615,626$1,379,673
63$1,785,591$784,975$595,734$1,459,104
64$1,925,929$781,647$573,899$1,545,638
65$2,079,266$776,840$550,017$1,640,002
66$2,246,885$770,439$523,976$1,742,999
67$2,430,201$762,324$495,663$1,855,515
68$2,630,770$752,366$464,956$1,978,528
69$2,850,307$740,430$431,730$2,113,119
70$3,090,699$726,372$395,854$2,260,480
71$3,354,025$710,040$357,191$2,421,925
72$3,642,576$691,272$315,596$2,598,907
73$3,958,871$669,896$270,921$2,793,027
74$4,305,688$645,733$223,009$3,006,053
75$4,686,085$618,592$171,697$3,239,935
76$5,103,431$588,268$116,815$3,496,826
77$5,561,437$554,548$58,183$3,779,099
78$6,064,189$517,207$0$4,089,374
79$6,616,189$476,003$0$4,431,757
80$7,222,397$430,684$0$4,825,524
81$7,888,276$380,982$0$5,258,089
82$8,619,844$326,614$0$5,733,389
83$9,423,732$267,282$0$6,255,765
84$10,307,243$202,669$0$6,829,998
85$11,278,425$132,443$0$7,461,359
86$12,346,142$56,250$0$8,155,660
87$13,520,161$0$0$8,919,301
88$14,811,244$0$0$9,763,389
89$16,231,247$0$0$10,701,356
90$17,793,231$0$0$11,733,172
91$19,511,589$0$0$12,868,351
92$21,402,178$0$0$14,117,378
93$23,482,470$0$0$15,491,805
94$25,771,716$0$0$17,004,358
95$28,291,128$0$0$18,669,061
96$31,064,076$0$0$20,501,368
97$34,116,313$0$0$22,518,304
98$37,476,215$0$0$24,738,630
99$41,175,048$0$0$27,183,018
100$45,247,264$0$0$29,874,247