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%16.2%
1 years$58,301$57,782$57,275$56,780$56,297$54,870
2 years$28,862$28,324$27,803$27,298$26,808$25,379
3 years$19,050$18,510$17,991$17,490$17,008$15,622
4 years$14,145$13,607$13,093$12,601$12,130$10,799
5 years$11,203$10,668$10,160$9,679$9,221$7,947
6 years$9,242$8,711$8,211$7,740$7,297$6,081
7 years$7,842$7,316$6,823$6,364$5,934$4,778
8 years$6,793$6,271$5,787$5,338$4,923$3,825
9 years$5,977$5,460$4,984$4,547$4,146$3,105
10 years$5,324$4,813$4,345$3,920$3,532$2,548
11 years$4,791$4,284$3,826$3,411$3,038$2,109
12 years$4,347$3,845$3,395$2,992$2,633$1,757
13 years$3,971$3,475$3,033$2,642$2,296$1,471
14 years$3,650$3,159$2,725$2,345$2,012$1,238
15 years$3,371$2,886$2,461$2,091$1,772$1,045
16 years$3,128$2,648$2,231$1,872$1,566$885
17 years$2,913$2,438$2,030$1,682$1,389$751
18 years$2,723$2,253$1,853$1,516$1,235$639
19 years$2,553$2,088$1,697$1,370$1,100$544
20 years$2,399$1,940$1,557$1,241$983$464
21 years$2,261$1,807$1,432$1,126$880$397
22 years$2,136$1,687$1,320$1,024$788$339
23 years$2,021$1,578$1,219$932$708$290
24 years$1,916$1,478$1,127$850$636$249
25 years$1,820$1,387$1,044$777$572$213
26 years$1,731$1,304$968$710$516$183
27 years$1,650$1,227$899$650$465$157
28 years$1,574$1,156$836$596$419$135
29 years$1,503$1,091$778$546$379$116
30 years$1,437$1,030$724$501$342$99
31 years$1,376$974$675$460$309$85
32 years$1,318$922$630$423$280$73
33 years$1,264$873$588$389$253$63
34 years$1,214$827$550$358$229$54
35 years$1,166$785$514$330$208$47
36 years$1,121$745$481$303$188$40
37 years$1,079$707$450$280$171$35
38 years$1,039$672$421$258$155$30
39 years$1,001$639$395$238$140$26
40 years$965$608$370$219$127$22
41 years$931$579$347$202$115$19
42 years$899$551$326$187$105$16
43 years$868$525$305$172$95$14
44 years$839$501$287$159$86$12
45 years$811$477$269$147$78$10
46 years$784$455$253$136$71$9
47 years$759$435$238$125$65$8
48 years$735$415$223$116$59$7
49 years$712$396$210$107$53$6
50 years$689$378$197$99$48$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $706,000, adding $5,283 every year, while hoping to spend $27,981 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: 71/24/5 Blend
50$706,000$706,000$706,000$706,000
51$783,461$746,043$735,100$838,338
52$833,603$752,828$729,955$882,036
53$887,921$759,007$723,699$925,849
54$946,812$764,522$716,266$973,014
55$1,010,713$769,309$707,586$1,023,853
56$1,080,101$773,301$697,587$1,078,721
57$1,155,506$776,428$686,190$1,138,008
58$1,237,507$778,612$673,317$1,202,146
59$1,326,743$779,774$658,883$1,271,610
60$1,423,916$779,827$642,800$1,346,922
61$1,529,798$778,682$624,977$1,428,660
62$1,645,240$776,240$605,317$1,517,460
63$1,771,179$772,400$583,719$1,614,024
64$1,908,644$767,053$560,079$1,719,125
65$2,058,770$760,083$534,286$1,833,616
66$2,222,806$751,368$506,225$1,958,437
67$2,402,125$740,778$475,777$2,094,625
68$2,598,242$728,176$442,816$2,243,323
69$2,812,822$713,416$407,210$2,405,791
70$3,047,701$696,344$368,822$2,583,419
71$3,304,898$676,797$327,509$2,777,740
72$3,586,639$654,601$283,122$2,990,443
73$3,895,373$629,574$235,504$3,223,392
74$4,233,800$601,522$184,492$3,478,640
75$4,604,891$570,240$129,916$3,758,452
76$5,011,919$535,511$71,597$4,065,326
77$5,458,490$497,106$9,351$4,402,017
78$5,948,575$454,784$0$4,771,559
79$6,486,549$408,287$0$5,180,347
80$7,077,229$357,345$0$5,629,755
81$7,725,923$301,672$0$6,123,367
82$8,438,479$240,966$0$6,665,681
83$9,221,338$174,907$0$7,261,655
84$10,081,596$103,159$0$7,916,759
85$11,027,070$25,364$0$8,637,017
86$12,066,372$0$0$9,429,076
87$13,208,992$0$0$10,315,799
88$14,465,382$0$0$11,298,220
89$15,847,059$0$0$12,378,649
90$17,366,713$0$0$13,567,014
91$19,038,324$0$0$14,874,253
92$20,877,297$0$0$16,312,417
93$22,900,602$0$0$17,894,786
94$25,126,939$0$0$19,635,989
95$27,576,913$0$0$21,552,147
96$30,273,225$0$0$23,661,022
97$33,240,890$0$0$25,982,184
98$36,507,471$0$0$28,537,198
99$40,103,338$0$0$31,349,826
100$44,061,954$0$0$34,446,250