Can I retire at age 51 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$58,961$58,436$57,924$57,424$56,935$55,246
2 years$29,189$28,645$28,118$27,608$27,112$25,424
3 years$19,266$18,720$18,194$17,688$17,201$15,567
4 years$14,305$13,761$13,241$12,744$12,268$10,701
5 years$11,330$10,789$10,275$9,788$9,326$7,830
6 years$9,347$8,810$8,304$7,828$7,379$5,955
7 years$7,931$7,399$6,901$6,436$6,001$4,650
8 years$6,870$6,342$5,852$5,399$4,979$3,699
9 years$6,044$5,522$5,041$4,598$4,193$2,983
10 years$5,385$4,867$4,395$3,964$3,572$2,431
11 years$4,845$4,333$3,869$3,450$3,072$1,998
12 years$4,396$3,889$3,434$3,026$2,662$1,652
13 years$4,016$3,515$3,068$2,671$2,322$1,373
14 years$3,691$3,195$2,756$2,371$2,035$1,146
15 years$3,409$2,918$2,489$2,115$1,792$960
16 years$3,163$2,678$2,256$1,894$1,584$807
17 years$2,946$2,466$2,053$1,701$1,404$679
18 years$2,754$2,279$1,874$1,533$1,249$573
19 years$2,581$2,112$1,716$1,385$1,113$484
20 years$2,427$1,962$1,575$1,255$994$410
21 years$2,287$1,828$1,448$1,139$890$347
22 years$2,160$1,706$1,335$1,035$797$294
23 years$2,044$1,596$1,233$943$716$250
24 years$1,938$1,495$1,140$860$643$212
25 years$1,841$1,403$1,056$785$579$180
26 years$1,751$1,319$979$718$521$153
27 years$1,668$1,241$909$657$470$130
28 years$1,591$1,169$845$602$424$111
29 years$1,520$1,103$787$552$383$94
30 years$1,453$1,042$733$507$346$80
31 years$1,391$985$683$466$313$68
32 years$1,333$932$637$428$283$58
33 years$1,279$883$595$393$256$50
34 years$1,227$837$556$362$232$42
35 years$1,179$793$520$333$210$36
36 years$1,134$753$486$307$190$31
37 years$1,091$715$455$283$173$26
38 years$1,051$680$426$261$156$22
39 years$1,012$646$399$240$142$19
40 years$976$615$374$222$129$16
41 years$942$585$351$205$117$14
42 years$909$557$329$189$106$12
43 years$878$531$309$174$96$10
44 years$848$506$290$161$87$9
45 years$820$483$272$149$79$7
46 years$793$461$256$137$72$6
47 years$768$440$240$127$65$5
48 years$743$420$226$117$59$5
49 years$720$401$212$108$54$4
50 years$697$383$200$100$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $714,000, adding $3,589 every year, while hoping to spend $30,089 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: 62/26/12 Blend
50$714,000$714,000$714,000$714,000
51$790,530$752,688$741,621$837,090
52$839,150$757,555$734,451$873,604
53$891,720$761,653$726,032$909,676
54$948,612$764,910$716,291$948,311
55$1,010,235$767,255$705,151$989,757
56$1,077,036$768,607$692,530$1,034,291
57$1,149,509$768,885$678,345$1,082,215
58$1,228,196$767,998$662,508$1,133,866
59$1,313,696$765,853$644,925$1,189,614
60$1,406,663$762,350$625,500$1,249,868
61$1,507,820$757,383$604,132$1,315,082
62$1,617,962$750,839$580,715$1,385,753
63$1,737,964$742,599$555,138$1,462,434
64$1,868,787$732,538$527,286$1,545,732
65$2,011,491$720,520$497,038$1,636,321
66$2,167,242$706,404$464,268$1,734,943
67$2,337,322$690,039$428,842$1,842,416
68$2,523,145$671,267$390,625$1,959,647
69$2,726,265$649,919$349,470$2,087,633
70$2,948,395$625,816$305,228$2,227,477
71$3,191,420$598,770$257,742$2,380,396
72$3,457,416$568,580$206,847$2,547,735
73$3,748,667$535,036$152,372$2,730,975
74$4,067,693$497,914$94,138$2,931,754
75$4,417,264$456,978$31,957$3,151,877
76$4,800,432$411,978$0$3,393,340
77$5,220,562$362,650$0$3,662,746
78$5,681,355$308,715$0$3,962,771
79$6,186,890$249,879$0$4,292,027
80$6,741,659$185,830$0$4,653,496
81$7,350,612$116,240$0$5,050,471
82$8,019,200$40,760$0$5,486,582
83$8,753,426$0$0$5,965,829
84$9,559,906$0$0$6,504,351
85$10,445,926$0$0$7,108,854
86$11,419,513$0$0$7,773,159
87$12,489,512$0$0$8,503,308
88$13,665,665$0$0$9,305,957
89$14,958,705$0$0$10,188,438
90$16,380,459$0$0$11,158,831
91$17,943,954$0$0$12,226,035
92$19,663,546$0$0$13,399,858
93$21,555,049$0$0$14,691,104
94$23,635,888$0$0$16,111,678
95$25,925,264$0$0$17,674,696
96$28,444,329$0$0$19,394,609
97$31,216,391$0$0$21,287,343
98$34,267,132$0$0$23,370,441
99$37,624,849$0$0$25,663,237
100$41,320,720$0$0$28,187,032