Can I retire at age 51 with 708,000?

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 $708,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$58,466$57,945$57,437$56,941$56,457$54,389
2 years$28,944$28,405$27,882$27,376$26,884$24,824
3 years$19,104$18,563$18,042$17,540$17,056$15,068
4 years$14,185$13,646$13,130$12,636$12,165$10,264
5 years$11,235$10,698$10,189$9,706$9,248$7,439
6 years$9,268$8,736$8,234$7,762$7,317$5,603
7 years$7,864$7,336$6,843$6,382$5,951$4,330
8 years$6,812$6,289$5,803$5,353$4,937$3,408
9 years$5,994$5,475$4,998$4,560$4,158$2,718
10 years$5,339$4,826$4,358$3,931$3,542$2,190
11 years$4,805$4,297$3,836$3,421$3,047$1,779
12 years$4,359$3,856$3,405$3,001$2,640$1,454
13 years$3,983$3,485$3,042$2,649$2,302$1,194
14 years$3,660$3,168$2,733$2,351$2,018$984
15 years$3,381$2,894$2,468$2,097$1,777$814
16 years$3,137$2,655$2,237$1,878$1,570$675
17 years$2,922$2,445$2,036$1,687$1,392$561
18 years$2,730$2,259$1,858$1,520$1,238$467
19 years$2,560$2,094$1,701$1,374$1,104$389
20 years$2,406$1,946$1,561$1,244$986$325
21 years$2,268$1,813$1,436$1,129$882$271
22 years$2,142$1,692$1,324$1,027$791$227
23 years$2,027$1,582$1,222$935$710$190
24 years$1,922$1,483$1,130$853$638$159
25 years$1,825$1,391$1,047$779$574$133
26 years$1,736$1,308$971$712$517$112
27 years$1,654$1,231$902$652$466$94
28 years$1,578$1,160$838$597$421$78
29 years$1,507$1,094$780$548$380$66
30 years$1,441$1,033$727$503$343$55
31 years$1,380$977$677$462$310$46
32 years$1,322$924$632$424$281$39
33 years$1,268$875$590$390$254$33
34 years$1,217$829$551$359$230$27
35 years$1,169$787$515$330$208$23
36 years$1,124$747$482$304$189$19
37 years$1,082$709$451$280$171$16
38 years$1,042$674$423$258$155$14
39 years$1,004$641$396$238$141$11
40 years$968$610$371$220$128$10
41 years$934$580$348$203$116$8
42 years$901$553$326$187$105$7
43 years$871$527$306$173$95$6
44 years$841$502$288$160$87$5
45 years$813$479$270$147$79$4
46 years$787$457$254$136$71$3
47 years$761$436$238$126$65$3
48 years$737$416$224$116$59$2
49 years$714$397$210$107$53$2
50 years$691$380$198$99$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $708,000, adding $2,088 every year, while hoping to spend $29,182 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: 56/19/25 Blend
50$708,000$708,000$708,000$708,000
51$782,370$744,846$733,872$820,724
52$831,122$750,294$727,407$852,710
53$883,869$755,031$719,748$884,299
54$940,987$758,991$710,823$918,107
55$1,002,891$762,104$700,558$954,355
56$1,070,036$764,297$688,877$993,290
57$1,142,922$765,490$675,697$1,035,185
58$1,222,100$765,599$660,933$1,080,340
59$1,308,176$764,536$644,496$1,129,089
60$1,401,817$762,205$626,294$1,181,800
61$1,503,756$758,506$606,228$1,238,880
62$1,614,799$753,334$584,197$1,300,781
63$1,735,836$746,574$560,094$1,368,000
64$1,867,842$738,107$533,809$1,441,087
65$2,011,894$727,806$505,223$1,520,652
66$2,169,175$715,537$474,216$1,607,366
67$2,340,990$701,157$440,661$1,701,973
68$2,528,772$684,515$404,424$1,805,294
69$2,734,101$665,451$365,367$1,918,236
70$2,958,717$643,795$323,344$2,041,801
71$3,204,534$619,369$278,205$2,177,097
72$3,473,662$591,984$229,790$2,325,345
73$3,768,422$561,437$177,934$2,487,897
74$4,091,371$527,518$122,466$2,666,244
75$4,445,327$490,002$63,204$2,862,033
76$4,833,390$448,652$0$3,077,081
77$5,258,976$403,217$0$3,313,408
78$5,725,848$353,431$0$3,591,212
79$6,238,151$299,016$0$3,896,117
80$6,800,450$239,674$0$4,230,880
81$7,417,771$175,094$0$4,598,542
82$8,095,656$104,946$0$5,002,456
83$8,840,205$28,880$0$5,446,316
84$9,658,139$0$0$5,934,197
85$10,556,865$0$0$6,481,770
86$11,544,538$0$0$7,090,241
87$12,630,147$0$0$7,759,117
88$13,823,592$0$0$8,494,507
89$15,135,781$0$0$9,303,141
90$16,578,732$0$0$10,192,435
91$18,165,686$0$0$11,170,560
92$19,911,231$0$0$12,246,515
93$21,831,440$0$0$13,430,219
94$23,944,022$0$0$14,732,600
95$26,268,489$0$0$16,165,698
96$28,826,340$0$0$17,742,778
97$31,641,264$0$0$19,478,458
98$34,739,361$0$0$21,388,844
99$38,149,391$0$0$23,491,682
100$41,903,042$0$0$25,806,526