Can I retire at age 51 with 710,000?

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 $710,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$58,631$58,109$57,599$57,102$56,616$55,405
2 years$29,025$28,485$27,961$27,453$26,960$25,746
3 years$19,158$18,615$18,093$17,589$17,105$15,925
4 years$14,225$13,684$13,167$12,672$12,199$11,064
5 years$11,266$10,728$10,218$9,733$9,274$8,185
6 years$9,295$8,761$8,258$7,784$7,338$6,297
7 years$7,887$7,357$6,862$6,400$5,968$4,976
8 years$6,831$6,306$5,820$5,368$4,951$4,007
9 years$6,011$5,491$5,012$4,573$4,169$3,273
10 years$5,355$4,840$4,370$3,942$3,552$2,702
11 years$4,818$4,309$3,847$3,430$3,055$2,250
12 years$4,372$3,867$3,414$3,009$2,648$1,887
13 years$3,994$3,495$3,050$2,656$2,309$1,591
14 years$3,670$3,177$2,741$2,358$2,024$1,347
15 years$3,390$2,902$2,475$2,103$1,782$1,145
16 years$3,146$2,663$2,244$1,883$1,575$977
17 years$2,930$2,452$2,042$1,692$1,396$835
18 years$2,738$2,266$1,864$1,525$1,242$716
19 years$2,567$2,100$1,706$1,378$1,107$614
20 years$2,413$1,951$1,566$1,248$989$528
21 years$2,274$1,818$1,440$1,132$885$455
22 years$2,148$1,697$1,327$1,030$793$392
23 years$2,033$1,587$1,226$938$712$338
24 years$1,927$1,487$1,133$855$640$292
25 years$1,830$1,395$1,050$781$576$252
26 years$1,741$1,311$974$714$519$218
27 years$1,659$1,234$904$654$468$189
28 years$1,582$1,163$841$599$422$163
29 years$1,511$1,097$782$549$381$141
30 years$1,445$1,036$729$504$344$122
31 years$1,383$979$679$463$311$106
32 years$1,326$927$634$425$281$92
33 years$1,272$878$592$391$255$80
34 years$1,221$832$553$360$231$69
35 years$1,173$789$517$331$209$60
36 years$1,128$749$484$305$189$52
37 years$1,085$711$453$281$172$45
38 years$1,045$676$424$259$156$39
39 years$1,007$643$397$239$141$34
40 years$971$612$372$220$128$29
41 years$936$582$349$203$116$26
42 years$904$554$327$188$105$22
43 years$873$528$307$173$96$19
44 years$844$503$288$160$87$17
45 years$816$480$271$148$79$14
46 years$789$458$254$136$72$13
47 years$763$437$239$126$65$11
48 years$739$417$225$117$59$9
49 years$716$398$211$108$54$8
50 years$693$381$198$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $710,000, adding $5,456 every year, while hoping to spend $50,448 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: 59/24/17 Blend
50$710,000$710,000$710,000$710,000
51$788,048$750,418$739,413$830,772
52$814,752$733,512$710,507$843,404
53$842,490$714,087$678,942$851,134
54$871,313$691,966$644,575$858,402
55$901,277$666,962$607,258$865,172
56$932,441$638,878$566,836$871,406
57$964,870$607,503$523,145$877,064
58$998,633$572,616$476,016$882,106
59$1,033,802$533,983$425,271$886,489
60$1,070,458$491,357$370,726$890,170
61$1,108,686$444,475$312,187$893,105
62$1,148,578$393,060$249,451$895,249
63$1,190,234$336,820$182,308$896,556
64$1,233,760$275,447$110,538$896,980
65$1,279,273$208,613$33,910$896,472
66$1,326,897$135,974$0$894,987
67$1,376,769$57,165$0$901,158
68$1,429,036$0$0$913,386
69$1,483,857$0$0$932,961
70$1,541,405$0$0$969,376
71$1,601,868$0$0$1,007,654
72$1,665,450$0$0$1,047,927
73$1,732,373$0$0$1,090,340
74$1,802,880$0$0$1,135,047
75$1,877,233$0$0$1,182,220
76$1,955,720$0$0$1,232,043
77$2,038,653$0$0$1,284,720
78$2,126,374$0$0$1,340,470
79$2,219,256$0$0$1,399,535
80$2,317,705$0$0$1,462,178
81$2,422,167$0$0$1,528,688
82$2,533,127$0$0$1,599,378
83$2,651,119$0$0$1,674,594
84$2,776,723$0$0$1,754,713
85$2,910,578$0$0$1,840,146
86$3,053,380$0$0$1,931,348
87$3,205,895$0$0$2,028,812
88$3,368,960$0$0$2,133,082
89$3,543,494$0$0$2,244,754
90$3,730,504$0$0$2,364,481
91$3,931,094$0$0$2,492,978
92$4,146,476$0$0$2,631,033
93$4,377,982$0$0$2,779,509
94$4,627,071$0$0$2,939,352
95$4,895,348$0$0$3,111,604
96$5,184,572$0$0$3,297,407
97$5,496,679$0$0$3,498,018
98$5,833,794$0$0$3,714,815
99$6,198,253$0$0$3,949,316
100$6,592,623$0$0$4,203,187