Can I retire at age 51 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$58,383$57,863$57,356$56,861$56,377$55,581
2 years$28,903$28,364$27,843$27,337$26,846$26,045
3 years$19,077$18,536$18,016$17,515$17,032$16,252
4 years$14,165$13,626$13,111$12,619$12,148$11,394
5 years$11,219$10,683$10,175$9,692$9,234$8,509
6 years$9,255$8,724$8,223$7,751$7,307$6,611
7 years$7,853$7,326$6,833$6,373$5,942$5,276
8 years$6,802$6,280$5,795$5,346$4,930$4,294
9 years$5,985$5,468$4,991$4,553$4,152$3,545
10 years$5,332$4,819$4,351$3,925$3,537$2,959
11 years$4,798$4,291$3,831$3,416$3,042$2,493
12 years$4,353$3,851$3,400$2,996$2,636$2,114
13 years$3,977$3,480$3,038$2,645$2,299$1,804
14 years$3,655$3,163$2,729$2,348$2,015$1,547
15 years$3,376$2,890$2,464$2,094$1,774$1,331
16 years$3,132$2,651$2,234$1,875$1,568$1,150
17 years$2,917$2,442$2,033$1,685$1,390$996
18 years$2,727$2,256$1,856$1,518$1,236$864
19 years$2,556$2,091$1,699$1,372$1,102$752
20 years$2,403$1,943$1,559$1,243$984$655
21 years$2,264$1,810$1,434$1,128$881$572
22 years$2,139$1,690$1,322$1,025$790$500
23 years$2,024$1,580$1,220$934$709$437
24 years$1,919$1,481$1,129$852$637$383
25 years$1,823$1,389$1,045$778$573$336
26 years$1,734$1,306$970$711$516$294
27 years$1,652$1,229$900$651$466$258
28 years$1,576$1,158$837$596$420$227
29 years$1,505$1,092$779$547$379$199
30 years$1,439$1,032$725$502$343$175
31 years$1,378$975$676$461$310$154
32 years$1,320$923$631$424$280$136
33 years$1,266$874$589$390$254$119
34 years$1,215$828$551$358$230$105
35 years$1,168$786$515$330$208$92
36 years$1,123$746$481$304$188$81
37 years$1,080$708$451$280$171$72
38 years$1,040$673$422$258$155$63
39 years$1,003$640$395$238$140$56
40 years$967$609$371$219$127$49
41 years$932$580$348$203$116$43
42 years$900$552$326$187$105$38
43 years$869$526$306$173$95$34
44 years$840$501$287$159$86$30
45 years$812$478$270$147$78$26
46 years$785$456$253$136$71$23
47 years$760$435$238$126$65$20
48 years$736$415$224$116$59$18
49 years$713$397$210$107$53$16
50 years$690$379$198$99$48$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $707,000, adding $2,293 every year, while hoping to spend $56,300 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: 37/34/29 Blend
50$707,000$707,000$707,000$707,000
51$781,479$744,008$733,050$803,553
52$801,287$720,562$697,704$796,666
53$821,229$694,080$659,288$783,958
54$841,258$664,354$617,638$769,165
55$861,323$631,163$572,585$752,134
56$881,363$594,275$523,952$732,705
57$901,311$553,444$471,553$710,708
58$921,091$508,408$415,196$685,961
59$940,615$458,893$354,678$658,269
60$959,786$404,607$289,788$627,426
61$978,494$345,243$220,306$593,212
62$996,616$280,476$146,002$555,391
63$1,014,013$209,962$66,635$513,712
64$1,030,531$133,338$0$467,909
65$1,045,996$50,222$0$423,285
66$1,060,214$0$0$396,314
67$1,072,970$0$0$380,999
68$1,084,022$0$0$383,726
69$1,093,102$0$0$385,593
70$1,099,912$0$0$386,476
71$1,104,118$0$0$386,238
72$1,105,352$0$0$384,727
73$1,103,203$0$0$381,772
74$1,097,215$0$0$377,187
75$1,086,884$0$0$370,764
76$1,071,648$0$0$362,271
77$1,050,886$0$0$351,453
78$1,023,909$0$0$338,027
79$989,954$0$0$321,679
80$948,177$0$0$302,063
81$897,641$0$0$278,794
82$837,312$0$0$251,448
83$766,046$0$0$219,556
84$682,574$0$0$182,599
85$585,499$0$0$140,002
86$473,270$0$0$91,132
87$344,178$0$0$35,288
88$196,331$0$0$0
89$27,641$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0