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%17.6%
1 years$58,466$57,945$57,437$56,941$56,457$54,715
2 years$28,944$28,405$27,882$27,376$26,884$25,145
3 years$19,104$18,563$18,042$17,540$17,056$15,374
4 years$14,185$13,646$13,130$12,636$12,165$10,552
5 years$11,235$10,698$10,189$9,706$9,248$7,709
6 years$9,268$8,736$8,234$7,762$7,317$5,854
7 years$7,864$7,336$6,843$6,382$5,951$4,563
8 years$6,812$6,289$5,803$5,353$4,937$3,623
9 years$5,994$5,475$4,998$4,560$4,158$2,916
10 years$5,339$4,826$4,358$3,931$3,542$2,372
11 years$4,805$4,297$3,836$3,421$3,047$1,946
12 years$4,359$3,856$3,405$3,001$2,640$1,606
13 years$3,983$3,485$3,042$2,649$2,302$1,332
14 years$3,660$3,168$2,733$2,351$2,018$1,110
15 years$3,381$2,894$2,468$2,097$1,777$928
16 years$3,137$2,655$2,237$1,878$1,570$778
17 years$2,922$2,445$2,036$1,687$1,392$653
18 years$2,730$2,259$1,858$1,520$1,238$550
19 years$2,560$2,094$1,701$1,374$1,104$464
20 years$2,406$1,946$1,561$1,244$986$392
21 years$2,268$1,813$1,436$1,129$882$331
22 years$2,142$1,692$1,324$1,027$791$280
23 years$2,027$1,582$1,222$935$710$237
24 years$1,922$1,483$1,130$853$638$201
25 years$1,825$1,391$1,047$779$574$170
26 years$1,736$1,308$971$712$517$144
27 years$1,654$1,231$902$652$466$122
28 years$1,578$1,160$838$597$421$104
29 years$1,507$1,094$780$548$380$88
30 years$1,441$1,033$727$503$343$75
31 years$1,380$977$677$462$310$64
32 years$1,322$924$632$424$281$54
33 years$1,268$875$590$390$254$46
34 years$1,217$829$551$359$230$39
35 years$1,169$787$515$330$208$33
36 years$1,124$747$482$304$189$28
37 years$1,082$709$451$280$171$24
38 years$1,042$674$423$258$155$20
39 years$1,004$641$396$238$141$17
40 years$968$610$371$220$128$15
41 years$934$580$348$203$116$13
42 years$901$553$326$187$105$11
43 years$871$527$306$173$95$9
44 years$841$502$288$160$87$8
45 years$813$479$270$147$79$7
46 years$787$457$254$136$71$6
47 years$761$436$238$126$65$5
48 years$737$416$224$116$59$4
49 years$714$397$210$107$53$3
50 years$691$380$198$99$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $708,000, adding $6,734 every year, while hoping to spend $39,137 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: 74/20/6 Blend
50$708,000$708,000$708,000$708,000
51$787,162$749,638$738,664$844,387
52$825,811$744,729$721,768$878,068
53$867,091$738,267$702,994$909,326
54$911,228$730,136$682,238$942,444
55$958,471$720,211$659,391$977,593
56$1,009,094$708,360$634,339$1,014,960
57$1,063,395$694,443$606,963$1,054,754
58$1,121,703$678,313$577,138$1,097,203
59$1,184,379$659,812$544,734$1,142,561
60$1,251,818$638,775$509,615$1,191,107
61$1,324,454$615,026$471,638$1,243,150
62$1,402,765$588,379$430,655$1,299,031
63$1,487,276$558,638$386,511$1,359,126
64$1,578,561$525,595$339,042$1,423,853
65$1,677,255$489,029$288,080$1,493,670
66$1,784,052$448,709$233,448$1,569,085
67$1,899,717$404,388$174,961$1,650,659
68$2,025,092$355,806$112,425$1,739,012
69$2,161,100$302,690$45,641$1,834,827
70$2,308,759$244,748$0$1,938,860
71$2,469,187$181,675$0$2,053,586
72$2,643,614$113,147$0$2,181,510
73$2,833,393$38,822$0$2,320,739
74$3,040,014$0$0$2,472,413
75$3,265,115$0$0$2,646,955
76$3,510,500$0$0$2,846,568
77$3,778,152$0$0$3,064,323
78$4,070,257$0$0$3,302,004
79$4,389,219$0$0$3,561,568
80$4,737,684$0$0$3,845,176
81$5,118,567$0$0$4,155,201
82$5,535,076$0$0$4,494,261
83$5,990,742$0$0$4,865,234
84$6,489,456$0$0$5,271,292
85$7,035,500$0$0$5,715,927
86$7,633,590$0$0$6,202,985
87$8,288,921$0$0$6,736,698
88$9,007,211$0$0$7,321,733
89$9,794,760$0$0$7,963,225
90$10,658,507$0$0$8,666,831
91$11,606,094$0$0$9,438,782
92$12,645,938$0$0$10,285,943
93$13,787,311$0$0$11,215,872
94$15,040,425$0$0$12,236,899
95$16,416,532$0$0$13,358,196
96$17,928,024$0$0$14,589,869
97$19,588,554$0$0$15,943,051
98$21,413,162$0$0$17,430,005
99$23,418,417$0$0$19,064,242
100$25,622,573$0$0$20,860,647