Can I retire at age 51 with 712,000?

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 $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%15.8%
1 years$58,796$58,273$57,762$57,263$56,776$55,426
2 years$29,107$28,565$28,040$27,530$27,036$25,684
3 years$19,212$18,668$18,143$17,639$17,153$15,841
4 years$14,265$13,723$13,204$12,708$12,234$10,972
5 years$11,298$10,759$10,247$9,761$9,300$8,091
6 years$9,321$8,785$8,281$7,806$7,359$6,205
7 years$7,909$7,378$6,881$6,418$5,984$4,886
8 years$6,850$6,324$5,836$5,384$4,965$3,921
9 years$6,028$5,506$5,027$4,586$4,181$3,191
10 years$5,370$4,854$4,382$3,953$3,562$2,625
11 years$4,832$4,321$3,858$3,440$3,064$2,178
12 years$4,384$3,878$3,424$3,017$2,655$1,819
13 years$4,005$3,505$3,059$2,664$2,315$1,528
14 years$3,681$3,186$2,749$2,365$2,030$1,288
15 years$3,400$2,910$2,482$2,109$1,787$1,091
16 years$3,154$2,670$2,250$1,888$1,579$926
17 years$2,938$2,459$2,047$1,697$1,400$788
18 years$2,746$2,272$1,869$1,529$1,245$673
19 years$2,574$2,106$1,711$1,382$1,110$575
20 years$2,420$1,957$1,570$1,251$991$492
21 years$2,280$1,823$1,444$1,136$887$422
22 years$2,154$1,701$1,331$1,033$795$362
23 years$2,038$1,591$1,229$940$714$311
24 years$1,933$1,491$1,137$858$642$267
25 years$1,836$1,399$1,053$783$577$230
26 years$1,746$1,315$976$716$520$198
27 years$1,664$1,238$907$656$469$170
28 years$1,587$1,166$843$601$423$146
29 years$1,516$1,100$784$551$382$126
30 years$1,449$1,039$731$505$345$109
31 years$1,387$982$681$464$312$94
32 years$1,329$929$636$427$282$81
33 years$1,275$880$593$392$255$70
34 years$1,224$834$554$361$231$60
35 years$1,176$791$518$332$209$52
36 years$1,131$751$485$306$190$45
37 years$1,088$713$454$282$172$39
38 years$1,048$678$425$260$156$33
39 years$1,010$645$398$240$141$29
40 years$973$613$373$221$128$25
41 years$939$584$350$204$116$21
42 years$906$556$328$188$106$19
43 years$875$530$308$174$96$16
44 years$846$505$289$160$87$14
45 years$818$481$272$148$79$12
46 years$791$459$255$137$72$10
47 years$765$438$240$126$65$9
48 years$741$418$225$117$59$8
49 years$718$400$212$108$54$7
50 years$695$382$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 $712,000, adding $6,018 every year, while hoping to spend $27,103 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: 64/11/25 Blend
50$712,000$712,000$712,000$712,000
51$790,832$753,096$742,060$835,896
52$842,659$761,160$738,081$875,122
53$898,864$768,711$733,061$914,409
54$959,866$775,695$726,936$956,729
55$1,026,123$782,055$719,639$1,002,384
56$1,098,141$787,729$711,101$1,051,704
57$1,176,477$792,653$701,248$1,105,057
58$1,261,742$796,758$690,005$1,162,845
59$1,354,611$799,970$677,290$1,225,515
60$1,455,823$802,210$663,021$1,293,559
61$1,566,195$803,396$647,110$1,367,520
62$1,686,623$803,440$629,465$1,447,997
63$1,818,097$802,246$609,991$1,535,651
64$1,961,703$799,717$588,586$1,631,213
65$2,118,640$795,746$565,146$1,735,486
66$2,290,224$790,220$539,561$1,849,361
67$2,477,908$783,022$511,718$1,973,816
68$2,683,289$774,024$481,494$2,109,935
69$2,908,126$763,094$448,767$2,258,909
70$3,154,359$750,089$413,404$2,422,056
71$3,424,119$734,859$375,269$2,600,827
72$3,719,757$717,245$334,218$2,796,826
73$4,043,862$697,079$290,104$3,011,819
74$4,399,283$674,183$242,769$3,247,756
75$4,789,159$648,368$192,052$3,506,787
76$5,216,950$619,434$137,782$3,791,284
77$5,686,462$587,170$79,781$4,103,865
78$6,201,893$551,353$17,865$4,447,413
79$6,767,863$511,746$0$4,825,112
80$7,389,463$468,100$0$5,253,331
81$8,072,302$420,150$0$5,729,002
82$8,822,557$367,618$0$6,251,680
83$9,647,035$310,209$0$6,826,131
84$10,553,235$247,610$0$7,457,605
85$11,549,415$179,494$0$8,151,892
86$12,644,679$105,512$0$8,915,370
87$13,849,051$25,298$0$9,755,066
88$15,173,580$0$0$10,678,728
89$16,630,437$0$0$11,702,340
90$18,233,032$0$0$12,831,774
91$19,996,139$0$0$14,074,389
92$21,936,038$0$0$15,441,663
93$24,070,666$0$0$16,946,248
94$26,419,787$0$0$18,602,081
95$29,005,176$0$0$20,424,520
96$31,850,828$0$0$22,430,485
97$34,983,181$0$0$24,638,623
98$38,431,366$0$0$27,069,478
99$42,227,483$0$0$29,745,689
100$46,406,901$0$0$32,692,199