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%14.1%
1 years$58,383$57,863$57,356$56,861$56,377$55,420
2 years$28,903$28,364$27,843$27,337$26,846$25,885
3 years$19,077$18,536$18,016$17,515$17,032$16,097
4 years$14,165$13,626$13,111$12,619$12,148$11,245
5 years$11,219$10,683$10,175$9,692$9,234$8,368
6 years$9,255$8,724$8,223$7,751$7,307$6,477
7 years$7,853$7,326$6,833$6,373$5,942$5,149
8 years$6,802$6,280$5,795$5,346$4,930$4,173
9 years$5,985$5,468$4,991$4,553$4,152$3,431
10 years$5,332$4,819$4,351$3,925$3,537$2,852
11 years$4,798$4,291$3,831$3,416$3,042$2,392
12 years$4,353$3,851$3,400$2,996$2,636$2,020
13 years$3,977$3,480$3,038$2,645$2,299$1,715
14 years$3,655$3,163$2,729$2,348$2,015$1,464
15 years$3,376$2,890$2,464$2,094$1,774$1,254
16 years$3,132$2,651$2,234$1,875$1,568$1,078
17 years$2,917$2,442$2,033$1,685$1,390$929
18 years$2,727$2,256$1,856$1,518$1,236$802
19 years$2,556$2,091$1,699$1,372$1,102$694
20 years$2,403$1,943$1,559$1,243$984$602
21 years$2,264$1,810$1,434$1,128$881$522
22 years$2,139$1,690$1,322$1,025$790$454
23 years$2,024$1,580$1,220$934$709$395
24 years$1,919$1,481$1,129$852$637$344
25 years$1,823$1,389$1,045$778$573$300
26 years$1,734$1,306$970$711$516$262
27 years$1,652$1,229$900$651$466$228
28 years$1,576$1,158$837$596$420$199
29 years$1,505$1,092$779$547$379$174
30 years$1,439$1,032$725$502$343$152
31 years$1,378$975$676$461$310$133
32 years$1,320$923$631$424$280$116
33 years$1,266$874$589$390$254$102
34 years$1,215$828$551$358$230$89
35 years$1,168$786$515$330$208$78
36 years$1,123$746$481$304$188$68
37 years$1,080$708$451$280$171$60
38 years$1,040$673$422$258$155$52
39 years$1,003$640$395$238$140$46
40 years$967$609$371$219$127$40
41 years$932$580$348$203$116$35
42 years$900$552$326$187$105$31
43 years$869$526$306$173$95$27
44 years$840$501$287$159$86$24
45 years$812$478$270$147$78$21
46 years$785$456$253$136$71$18
47 years$760$435$238$126$65$16
48 years$736$415$224$116$59$14
49 years$713$397$210$107$53$12
50 years$690$379$198$99$48$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $707,000, adding $4,182 every year, while hoping to spend $30,827 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: 60/31/9 Blend
50$707,000$707,000$707,000$707,000
51$783,428$745,957$734,998$828,603
52$830,538$749,709$726,821$863,159
53$881,420$752,612$717,337$896,946
54$936,426$754,591$706,469$933,034
55$995,943$755,568$694,138$971,645
56$1,060,398$755,459$680,259$1,013,026
57$1,130,257$754,175$664,746$1,057,449
58$1,206,035$751,622$647,507$1,105,215
59$1,288,298$747,699$628,446$1,156,658
60$1,377,668$742,300$607,463$1,212,144
61$1,474,830$735,312$584,453$1,272,080
62$1,580,536$726,616$559,306$1,336,914
63$1,695,616$716,085$531,908$1,407,144
64$1,820,981$703,585$502,138$1,483,316
65$1,957,633$688,973$469,872$1,566,037
66$2,106,678$672,099$434,979$1,655,976
67$2,269,331$652,804$397,323$1,753,871
68$2,446,929$630,917$356,759$1,860,539
69$2,640,945$606,262$313,140$1,976,882
70$2,853,000$578,647$266,309$2,103,896
71$3,084,879$547,874$216,103$2,242,681
72$3,338,547$513,730$162,353$2,394,451
73$3,616,168$475,992$104,881$2,560,549
74$3,920,125$434,424$43,503$2,742,456
75$4,253,042$388,774$0$2,941,808
76$4,617,807$338,779$0$3,162,522
77$5,017,604$284,160$0$3,409,076
78$5,455,936$224,620$0$3,679,509
79$5,936,664$159,850$0$3,976,272
80$6,464,040$89,518$0$4,302,069
81$7,042,745$13,278$0$4,659,884
82$7,677,939$0$0$5,053,006
83$8,375,303$0$0$5,508,686
84$9,141,096$0$0$6,014,113
85$9,982,212$0$0$6,569,314
86$10,906,247$0$0$7,179,312
87$11,921,567$0$0$7,849,637
88$13,037,392$0$0$8,586,384
89$14,263,874$0$0$9,396,265
90$15,612,204$0$0$10,286,678
91$17,094,705$0$0$11,265,770
92$18,724,958$0$0$12,342,520
93$20,517,925$0$0$13,526,819
94$22,490,089$0$0$14,829,566
95$24,659,613$0$0$16,262,768
96$27,046,508$0$0$17,839,654
97$29,672,822$0$0$19,574,803
98$32,562,849$0$0$21,484,275
99$35,743,356$0$0$23,585,768
100$39,243,835$0$0$25,898,782