Can I retire at age 51 with 707,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.8%
1 years$58,383$57,863$57,356$56,861$56,377$54,377
2 years$28,903$28,364$27,843$27,337$26,846$24,852
3 years$19,077$18,536$18,016$17,515$17,032$15,107
4 years$14,165$13,626$13,111$12,619$12,148$10,306
5 years$11,219$10,683$10,175$9,692$9,234$7,482
6 years$9,255$8,724$8,223$7,751$7,307$5,644
7 years$7,853$7,326$6,833$6,373$5,942$4,369
8 years$6,802$6,280$5,795$5,346$4,930$3,445
9 years$5,985$5,468$4,991$4,553$4,152$2,753
10 years$5,332$4,819$4,351$3,925$3,537$2,223
11 years$4,798$4,291$3,831$3,416$3,042$1,809
12 years$4,353$3,851$3,400$2,996$2,636$1,481
13 years$3,977$3,480$3,038$2,645$2,299$1,219
14 years$3,655$3,163$2,729$2,348$2,015$1,007
15 years$3,376$2,890$2,464$2,094$1,774$834
16 years$3,132$2,651$2,234$1,875$1,568$693
17 years$2,917$2,442$2,033$1,685$1,390$578
18 years$2,727$2,256$1,856$1,518$1,236$482
19 years$2,556$2,091$1,699$1,372$1,102$403
20 years$2,403$1,943$1,559$1,243$984$337
21 years$2,264$1,810$1,434$1,128$881$282
22 years$2,139$1,690$1,322$1,025$790$236
23 years$2,024$1,580$1,220$934$709$198
24 years$1,919$1,481$1,129$852$637$166
25 years$1,823$1,389$1,045$778$573$140
26 years$1,734$1,306$970$711$516$117
27 years$1,652$1,229$900$651$466$99
28 years$1,576$1,158$837$596$420$83
29 years$1,505$1,092$779$547$379$70
30 years$1,439$1,032$725$502$343$59
31 years$1,378$975$676$461$310$49
32 years$1,320$923$631$424$280$41
33 years$1,266$874$589$390$254$35
34 years$1,215$828$551$358$230$29
35 years$1,168$786$515$330$208$25
36 years$1,123$746$481$304$188$21
37 years$1,080$708$451$280$171$17
38 years$1,040$673$422$258$155$15
39 years$1,003$640$395$238$140$12
40 years$967$609$371$219$127$10
41 years$932$580$348$203$116$9
42 years$900$552$326$187$105$7
43 years$869$526$306$173$95$6
44 years$840$501$287$159$86$5
45 years$812$478$270$147$78$4
46 years$785$456$253$136$71$4
47 years$760$435$238$126$65$3
48 years$736$415$224$116$59$3
49 years$713$397$210$107$53$2
50 years$690$379$198$99$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $707,000, adding $2,923 every year, while hoping to spend $51,936 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: 36/46/18 Blend
50$707,000$707,000$707,000$707,000
51$782,129$744,658$733,700$805,907
52$806,647$725,887$703,019$804,673
53$831,925$704,455$669,570$798,251
54$857,985$680,178$633,205$790,227
55$884,852$652,859$593,770$780,488
56$912,549$622,291$551,103$768,912
57$941,100$588,254$505,036$755,374
58$970,531$550,517$455,393$739,738
59$1,000,867$508,834$401,991$721,862
60$1,032,134$462,947$344,637$701,595
61$1,064,360$412,579$283,130$678,779
62$1,097,572$357,443$217,262$653,246
63$1,131,798$297,231$146,814$624,820
64$1,167,067$231,621$71,558$593,312
65$1,203,408$160,270$0$558,525
66$1,240,850$82,818$0$521,933
67$1,279,424$0$0$496,410
68$1,319,161$0$0$468,581
69$1,360,092$0$0$483,095
70$1,402,249$0$0$498,040
71$1,445,664$0$0$513,428
72$1,490,370$0$0$529,271
73$1,536,398$0$0$545,579
74$1,583,783$0$0$562,363
75$1,632,558$0$0$579,635
76$1,682,755$0$0$597,407
77$1,734,408$0$0$615,688
78$1,787,550$0$0$634,490
79$1,842,213$0$0$653,824
80$1,898,431$0$0$673,701
81$1,956,235$0$0$694,131
82$2,015,657$0$0$715,123
83$2,076,725$0$0$736,687
84$2,139,470$0$0$758,833
85$2,203,919$0$0$781,568
86$2,270,098$0$0$804,900
87$2,338,030$0$0$828,836
88$2,407,737$0$0$853,381
89$2,479,239$0$0$878,540
90$2,552,549$0$0$904,315
91$2,627,681$0$0$930,709
92$2,704,642$0$0$957,721
93$2,783,434$0$0$985,349
94$2,864,055$0$0$1,013,587
95$2,946,496$0$0$1,042,430
96$3,030,740$0$0$1,071,867
97$3,116,764$0$0$1,101,884
98$3,204,534$0$0$1,132,464
99$3,294,007$0$0$1,163,586
100$3,385,129$0$0$1,195,225