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%19.3%
1 years$58,301$57,782$57,275$56,780$56,297$54,192
2 years$28,862$28,324$27,803$27,298$26,808$24,711
3 years$19,050$18,510$17,991$17,490$17,008$14,986
4 years$14,145$13,607$13,093$12,601$12,130$10,198
5 years$11,203$10,668$10,160$9,679$9,221$7,383
6 years$9,242$8,711$8,211$7,740$7,297$5,555
7 years$7,842$7,316$6,823$6,364$5,934$4,288
8 years$6,793$6,271$5,787$5,338$4,923$3,370
9 years$5,977$5,460$4,984$4,547$4,146$2,685
10 years$5,324$4,813$4,345$3,920$3,532$2,161
11 years$4,791$4,284$3,826$3,411$3,038$1,753
12 years$4,347$3,845$3,395$2,992$2,633$1,430
13 years$3,971$3,475$3,033$2,642$2,296$1,173
14 years$3,650$3,159$2,725$2,345$2,012$966
15 years$3,371$2,886$2,461$2,091$1,772$798
16 years$3,128$2,648$2,231$1,872$1,566$660
17 years$2,913$2,438$2,030$1,682$1,389$548
18 years$2,723$2,253$1,853$1,516$1,235$455
19 years$2,553$2,088$1,697$1,370$1,100$379
20 years$2,399$1,940$1,557$1,241$983$316
21 years$2,261$1,807$1,432$1,126$880$264
22 years$2,136$1,687$1,320$1,024$788$220
23 years$2,021$1,578$1,219$932$708$184
24 years$1,916$1,478$1,127$850$636$154
25 years$1,820$1,387$1,044$777$572$128
26 years$1,731$1,304$968$710$516$107
27 years$1,650$1,227$899$650$465$90
28 years$1,574$1,156$836$596$419$75
29 years$1,503$1,091$778$546$379$63
30 years$1,437$1,030$724$501$342$53
31 years$1,376$974$675$460$309$44
32 years$1,318$922$630$423$280$37
33 years$1,264$873$588$389$253$31
34 years$1,214$827$550$358$229$26
35 years$1,166$785$514$330$208$22
36 years$1,121$745$481$303$188$18
37 years$1,079$707$450$280$171$15
38 years$1,039$672$421$258$155$13
39 years$1,001$639$395$238$140$11
40 years$965$608$370$219$127$9
41 years$931$579$347$202$115$8
42 years$899$551$326$187$105$6
43 years$868$525$305$172$95$5
44 years$839$501$287$159$86$4
45 years$811$477$269$147$78$4
46 years$784$455$253$136$71$3
47 years$759$435$238$125$65$3
48 years$735$415$223$116$59$2
49 years$712$396$210$107$53$2
50 years$689$378$197$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $706,000, adding $4,112 every year, while hoping to spend $26,467 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: 35/42/23 Blend
50$706,000$706,000$706,000$706,000
51$782,254$744,836$733,893$804,053
52$833,883$753,172$730,317$828,863
53$889,891$761,029$725,735$852,895
54$950,697$768,357$720,085$878,292
55$1,016,762$775,100$713,301$905,191
56$1,088,591$781,200$705,316$933,748
57$1,166,743$786,594$696,060$964,132
58$1,251,831$791,217$685,458$996,533
59$1,344,529$794,998$673,432$1,031,162
60$1,445,580$797,862$659,901$1,068,253
61$1,555,801$799,730$644,780$1,108,067
62$1,676,093$800,516$627,980$1,150,891
63$1,807,444$800,131$609,407$1,197,047
64$1,950,946$798,480$588,964$1,246,888
65$2,107,797$795,461$566,550$1,300,810
66$2,279,321$790,966$542,057$1,359,249
67$2,466,970$784,882$515,374$1,422,690
68$2,672,346$777,087$486,385$1,491,669
69$2,897,214$767,453$454,968$1,566,781
70$3,143,516$755,844$420,995$1,648,686
71$3,413,391$742,116$384,334$1,738,113
72$3,709,193$726,117$344,846$1,835,870
73$4,033,518$707,683$302,386$1,942,854
74$4,389,222$686,646$256,801$2,060,053
75$4,779,454$662,822$207,935$2,188,566
76$5,207,679$636,021$155,621$2,329,605
77$5,677,715$606,039$99,688$2,484,512
78$6,193,769$572,662$39,954$2,654,773
79$6,760,474$535,663$0$2,842,030
80$7,382,933$494,801$0$3,053,938
81$8,066,769$449,823$0$3,297,510
82$8,818,176$400,461$0$3,565,201
83$9,643,977$346,431$0$3,859,517
84$10,551,690$287,433$0$4,183,226
85$11,549,596$223,151$0$4,539,381
86$12,646,820$153,251$0$4,931,355
87$13,853,415$77,379$0$5,362,869
88$15,180,456$0$0$5,838,030
89$16,640,146$0$0$6,363,606
90$18,245,930$0$0$6,981,240
91$20,012,621$0$0$7,660,882
92$21,956,541$0$0$8,408,825
93$24,095,674$0$0$9,232,005
94$26,449,835$0$0$10,138,061
95$29,040,857$0$0$11,135,414
96$31,892,797$0$0$12,233,339
97$35,032,162$0$0$13,442,059
98$38,488,162$0$0$14,772,838
99$42,292,979$0$0$16,238,087
100$46,482,077$0$0$17,851,481