Can I retire at age 51 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$58,714$58,191$57,680$57,182$56,696$55,348
2 years$29,066$28,525$28,000$27,492$26,998$25,648
3 years$19,185$18,641$18,118$17,614$17,129$15,818
4 years$14,245$13,703$13,185$12,690$12,216$10,956
5 years$11,282$10,744$10,232$9,747$9,287$8,080
6 years$9,308$8,773$8,269$7,795$7,348$6,196
7 years$7,898$7,368$6,872$6,409$5,976$4,879
8 years$6,841$6,315$5,828$5,376$4,958$3,915
9 years$6,019$5,499$5,019$4,579$4,175$3,187
10 years$5,362$4,847$4,376$3,947$3,557$2,621
11 years$4,825$4,315$3,853$3,435$3,060$2,175
12 years$4,378$3,873$3,419$3,013$2,651$1,816
13 years$3,999$3,500$3,055$2,660$2,312$1,525
14 years$3,676$3,181$2,745$2,361$2,027$1,287
15 years$3,395$2,906$2,478$2,106$1,784$1,089
16 years$3,150$2,666$2,247$1,886$1,577$925
17 years$2,934$2,456$2,044$1,694$1,398$787
18 years$2,742$2,269$1,866$1,527$1,243$672
19 years$2,571$2,103$1,709$1,380$1,108$574
20 years$2,416$1,954$1,568$1,250$990$491
21 years$2,277$1,820$1,442$1,134$886$421
22 years$2,151$1,699$1,329$1,031$794$361
23 years$2,035$1,589$1,227$939$713$310
24 years$1,930$1,489$1,135$856$641$267
25 years$1,833$1,397$1,051$782$576$229
26 years$1,744$1,313$975$715$519$197
27 years$1,661$1,236$905$655$468$170
28 years$1,585$1,165$842$600$422$146
29 years$1,514$1,099$783$550$381$126
30 years$1,447$1,038$730$505$345$109
31 years$1,385$981$680$464$312$94
32 years$1,328$928$635$426$282$81
33 years$1,273$879$593$392$255$70
34 years$1,222$833$554$360$231$60
35 years$1,174$790$518$332$209$52
36 years$1,129$750$484$306$190$45
37 years$1,087$712$453$282$172$39
38 years$1,046$677$424$260$156$33
39 years$1,008$644$398$239$141$29
40 years$972$612$373$221$128$25
41 years$938$583$349$204$116$21
42 years$905$555$328$188$105$18
43 years$874$529$308$173$96$16
44 years$845$504$289$160$87$14
45 years$817$481$271$148$79$12
46 years$790$459$255$137$72$10
47 years$764$438$239$126$65$9
48 years$740$418$225$117$59$8
49 years$717$399$211$108$54$7
50 years$694$381$199$100$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $711,000, adding $3,167 every year, while hoping to spend $56,071 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: 35/39/26 Blend
50$711,000$711,000$711,000$711,000
51$786,789$749,106$738,085$808,054
52$807,382$726,153$703,152$801,217
53$828,197$700,196$665,169$788,539
54$849,196$671,029$623,976$773,760
55$870,338$638,433$579,402$756,729
56$891,573$602,177$531,274$737,285
57$912,847$562,017$479,405$715,258
58$934,097$517,696$423,604$690,467
59$955,250$468,938$363,670$662,718
60$976,227$415,457$299,394$631,805
61$996,934$356,946$230,556$597,510
62$1,017,269$293,085$156,927$559,600
63$1,037,116$223,531$78,270$517,826
64$1,056,343$147,926$0$471,925
65$1,074,806$65,890$0$423,188
66$1,092,339$0$0$393,017
67$1,108,759$0$0$369,291
68$1,123,862$0$0$373,278
69$1,137,419$0$0$376,611
70$1,149,174$0$0$379,189
71$1,158,844$0$0$380,901
72$1,166,113$0$0$381,624
73$1,170,629$0$0$381,219
74$1,172,001$0$0$379,534
75$1,169,795$0$0$376,399
76$1,163,529$0$0$371,626
77$1,152,668$0$0$365,007
78$1,136,619$0$0$356,310
79$1,114,723$0$0$345,279
80$1,086,252$0$0$331,631
81$1,050,399$0$0$315,051
82$1,006,270$0$0$295,193
83$952,874$0$0$271,671
84$889,117$0$0$244,060
85$813,786$0$0$211,891
86$725,542$0$0$174,643
87$622,903$0$0$131,741
88$504,231$0$0$82,551
89$367,714$0$0$26,371
90$211,352$0$0$0
91$32,934$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0