Can I retire at age 51 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$58,796$58,273$57,762$57,263$56,776$55,135
2 years$29,107$28,565$28,040$27,530$27,036$25,396
3 years$19,212$18,668$18,143$17,639$17,153$15,565
4 years$14,265$13,723$13,204$12,708$12,234$10,710
5 years$11,298$10,759$10,247$9,761$9,300$7,845
6 years$9,321$8,785$8,281$7,806$7,359$5,973
7 years$7,909$7,378$6,881$6,418$5,984$4,669
8 years$6,850$6,324$5,836$5,384$4,965$3,718
9 years$6,028$5,506$5,027$4,586$4,181$3,002
10 years$5,370$4,854$4,382$3,953$3,562$2,450
11 years$4,832$4,321$3,858$3,440$3,064$2,016
12 years$4,384$3,878$3,424$3,017$2,655$1,669
13 years$4,005$3,505$3,059$2,664$2,315$1,390
14 years$3,681$3,186$2,749$2,365$2,030$1,162
15 years$3,400$2,910$2,482$2,109$1,787$975
16 years$3,154$2,670$2,250$1,888$1,579$820
17 years$2,938$2,459$2,047$1,697$1,400$691
18 years$2,746$2,272$1,869$1,529$1,245$584
19 years$2,574$2,106$1,711$1,382$1,110$494
20 years$2,420$1,957$1,570$1,251$991$419
21 years$2,280$1,823$1,444$1,136$887$355
22 years$2,154$1,701$1,331$1,033$795$302
23 years$2,038$1,591$1,229$940$714$257
24 years$1,933$1,491$1,137$858$642$218
25 years$1,836$1,399$1,053$783$577$186
26 years$1,746$1,315$976$716$520$158
27 years$1,664$1,238$907$656$469$135
28 years$1,587$1,166$843$601$423$115
29 years$1,516$1,100$784$551$382$98
30 years$1,449$1,039$731$505$345$83
31 years$1,387$982$681$464$312$71
32 years$1,329$929$636$427$282$61
33 years$1,275$880$593$392$255$52
34 years$1,224$834$554$361$231$44
35 years$1,176$791$518$332$209$38
36 years$1,131$751$485$306$190$32
37 years$1,088$713$454$282$172$27
38 years$1,048$678$425$260$156$23
39 years$1,010$645$398$240$141$20
40 years$973$613$373$221$128$17
41 years$939$584$350$204$116$15
42 years$906$556$328$188$106$12
43 years$875$530$308$174$96$11
44 years$846$505$289$160$87$9
45 years$818$481$272$148$79$8
46 years$791$459$255$137$72$7
47 years$765$438$240$126$65$6
48 years$741$418$225$117$59$5
49 years$718$400$212$108$54$4
50 years$695$382$199$100$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $712,000, adding $2,818 every year, while hoping to spend $55,076 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: 69/10/21 Blend
50$712,000$712,000$712,000$712,000
51$787,531$749,795$738,759$837,573
52$809,258$727,934$704,907$849,517
53$831,356$703,157$668,075$855,879
54$853,804$675,261$628,105$861,504
55$876,578$644,034$584,832$866,315
56$899,649$609,252$538,083$870,229
57$922,983$570,675$487,679$873,158
58$946,541$528,052$433,431$875,004
59$970,279$481,118$375,142$875,663
60$994,145$429,590$312,606$875,021
61$1,018,080$373,172$245,610$872,956
62$1,042,016$311,549$173,930$869,336
63$1,065,876$244,389$97,331$864,016
64$1,089,573$171,342$15,569$856,841
65$1,113,009$92,037$0$847,642
66$1,136,073$6,084$0$852,298
67$1,158,640$0$0$859,317
68$1,180,570$0$0$874,618
69$1,201,704$0$0$889,961
70$1,221,867$0$0$904,543
71$1,240,860$0$0$918,213
72$1,258,463$0$0$930,800
73$1,274,430$0$0$942,118
74$1,288,484$0$0$951,956
75$1,300,320$0$0$960,081
76$1,309,596$0$0$966,232
77$1,315,932$0$0$970,119
78$1,318,907$0$0$971,420
79$1,318,050$0$0$969,778
80$1,312,842$0$0$964,796
81$1,302,703$0$0$956,033
82$1,286,993$0$0$943,000
83$1,265,000$0$0$925,155
84$1,235,936$0$0$901,898
85$1,198,927$0$0$872,564
86$1,153,006$0$0$836,416
87$1,097,103$0$0$792,639
88$1,030,032$0$0$740,330
89$950,482$0$0$678,491
90$857,003$0$0$606,018
91$747,991$0$0$521,689
92$621,671$0$0$424,156
93$476,085$0$0$311,926
94$309,066$0$0$183,350
95$118,220$0$0$36,607
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