Can I retire at age 51 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$58,549$58,027$57,518$57,022$56,537$55,807
2 years$28,984$28,445$27,921$27,414$26,922$26,188
3 years$19,131$18,589$18,067$17,565$17,081$16,365
4 years$14,205$13,665$13,148$12,654$12,182$11,490
5 years$11,251$10,713$10,204$9,720$9,261$8,595
6 years$9,281$8,748$8,246$7,773$7,328$6,688
7 years$7,875$7,347$6,852$6,391$5,959$5,347
8 years$6,821$6,298$5,811$5,361$4,944$4,359
9 years$6,002$5,483$5,005$4,566$4,163$3,605
10 years$5,347$4,833$4,364$3,936$3,547$3,015
11 years$4,811$4,303$3,842$3,426$3,051$2,544
12 years$4,365$3,862$3,410$3,005$2,644$2,162
13 years$3,988$3,490$3,046$2,653$2,305$1,849
14 years$3,665$3,172$2,737$2,355$2,021$1,588
15 years$3,386$2,898$2,471$2,100$1,779$1,370
16 years$3,141$2,659$2,240$1,880$1,573$1,185
17 years$2,926$2,449$2,039$1,690$1,394$1,029
18 years$2,734$2,263$1,861$1,523$1,240$895
19 years$2,563$2,097$1,704$1,376$1,105$780
20 years$2,410$1,949$1,564$1,246$987$681
21 years$2,271$1,815$1,438$1,131$883$596
22 years$2,145$1,694$1,326$1,028$792$522
23 years$2,030$1,585$1,224$936$711$458
24 years$1,925$1,485$1,132$854$639$402
25 years$1,828$1,393$1,048$780$575$353
26 years$1,739$1,310$972$713$518$310
27 years$1,657$1,232$903$653$467$273
28 years$1,580$1,161$839$598$421$240
29 years$1,509$1,096$781$548$380$212
30 years$1,443$1,035$728$503$344$187
31 years$1,382$978$678$462$311$165
32 years$1,324$925$633$425$281$145
33 years$1,270$876$591$391$254$128
34 years$1,219$831$552$359$230$113
35 years$1,171$788$516$331$209$100
36 years$1,126$748$483$305$189$88
37 years$1,084$710$452$281$171$78
38 years$1,043$675$423$259$155$69
39 years$1,005$642$397$239$141$61
40 years$969$611$372$220$128$54
41 years$935$581$348$203$116$47
42 years$903$554$327$187$105$42
43 years$872$527$307$173$95$37
44 years$842$503$288$160$87$33
45 years$814$479$270$148$79$29
46 years$788$457$254$136$71$25
47 years$762$436$239$126$65$23
48 years$738$417$224$116$59$20
49 years$715$398$211$108$53$18
50 years$692$380$198$99$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $709,000, adding $2,680 every year, while hoping to spend $35,468 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: 58/21/21 Blend
50$709,000$709,000$709,000$709,000
51$784,082$746,505$735,516$825,023
52$826,321$745,347$722,418$852,020
53$871,679$742,942$707,693$877,377
54$920,438$739,194$691,248$904,240
55$972,905$733,997$672,987$932,764
56$1,029,420$727,241$652,810$963,118
57$1,090,353$718,808$630,611$995,491
58$1,156,113$708,573$606,281$1,030,094
59$1,227,149$696,405$579,704$1,067,158
60$1,303,953$682,165$550,759$1,106,942
61$1,387,068$665,702$519,321$1,149,733
62$1,477,089$646,862$485,259$1,195,848
63$1,574,672$625,478$448,434$1,245,639
64$1,680,535$601,373$408,704$1,299,498
65$1,795,472$574,363$365,918$1,357,857
66$1,920,354$544,250$319,920$1,421,196
67$2,056,139$510,827$270,546$1,490,046
68$2,203,880$473,873$217,624$1,564,995
69$2,364,739$433,156$160,978$1,646,695
70$2,539,992$388,430$100,420$1,735,867
71$2,731,042$339,434$35,755$1,833,310
72$2,939,437$285,895$0$1,939,908
73$3,166,878$227,522$0$2,064,089
74$3,415,238$164,009$0$2,208,519
75$3,686,579$95,032$0$2,366,424
76$3,983,170$20,249$0$2,539,178
77$4,307,511$0$0$2,728,300
78$4,662,355$0$0$2,949,491
79$5,050,729$0$0$3,196,764
80$5,475,972$0$0$3,467,571
81$5,941,756$0$0$3,764,260
82$6,452,128$0$0$4,089,415
83$7,011,544$0$0$4,445,884
84$7,624,912$0$0$4,836,802
85$8,297,636$0$0$5,265,623
86$9,035,670$0$0$5,736,151
87$9,845,571$0$0$6,252,576
88$10,734,562$0$0$6,819,513
89$11,710,600$0$0$7,442,047
90$12,782,448$0$0$8,125,779
91$13,959,762$0$0$8,876,877
92$15,253,178$0$0$9,702,139
93$16,674,412$0$0$10,609,051
94$18,236,372$0$0$11,605,864
95$19,953,279$0$0$12,701,664
96$21,840,799$0$0$13,906,464
97$23,916,194$0$0$15,231,294
98$26,198,479$0$0$16,688,308
99$28,708,607$0$0$18,290,895
100$31,469,661$0$0$20,053,807