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%19.4%
1 years$58,961$58,436$57,924$57,424$56,935$54,785
2 years$29,189$28,645$28,118$27,608$27,112$24,970
3 years$19,266$18,720$18,194$17,688$17,201$15,135
4 years$14,305$13,761$13,241$12,744$12,268$10,294
5 years$11,330$10,789$10,275$9,788$9,326$7,449
6 years$9,347$8,810$8,304$7,828$7,379$5,601
7 years$7,931$7,399$6,901$6,436$6,001$4,321
8 years$6,870$6,342$5,852$5,399$4,979$3,395
9 years$6,044$5,522$5,041$4,598$4,193$2,703
10 years$5,385$4,867$4,395$3,964$3,572$2,174
11 years$4,845$4,333$3,869$3,450$3,072$1,762
12 years$4,396$3,889$3,434$3,026$2,662$1,437
13 years$4,016$3,515$3,068$2,671$2,322$1,178
14 years$3,691$3,195$2,756$2,371$2,035$969
15 years$3,409$2,918$2,489$2,115$1,792$800
16 years$3,163$2,678$2,256$1,894$1,584$662
17 years$2,946$2,466$2,053$1,701$1,404$549
18 years$2,754$2,279$1,874$1,533$1,249$456
19 years$2,581$2,112$1,716$1,385$1,113$379
20 years$2,427$1,962$1,575$1,255$994$316
21 years$2,287$1,828$1,448$1,139$890$263
22 years$2,160$1,706$1,335$1,035$797$219
23 years$2,044$1,596$1,233$943$716$183
24 years$1,938$1,495$1,140$860$643$153
25 years$1,841$1,403$1,056$785$579$128
26 years$1,751$1,319$979$718$521$107
27 years$1,668$1,241$909$657$470$89
28 years$1,591$1,169$845$602$424$75
29 years$1,520$1,103$787$552$383$63
30 years$1,453$1,042$733$507$346$52
31 years$1,391$985$683$466$313$44
32 years$1,333$932$637$428$283$37
33 years$1,279$883$595$393$256$31
34 years$1,227$837$556$362$232$26
35 years$1,179$793$520$333$210$21
36 years$1,134$753$486$307$190$18
37 years$1,091$715$455$283$173$15
38 years$1,051$680$426$261$156$13
39 years$1,012$646$399$240$142$11
40 years$976$615$374$222$129$9
41 years$942$585$351$205$117$7
42 years$909$557$329$189$106$6
43 years$878$531$309$174$96$5
44 years$848$506$290$161$87$4
45 years$820$483$272$149$79$4
46 years$793$461$256$137$72$3
47 years$768$440$240$127$65$3
48 years$743$420$226$117$59$2
49 years$720$401$212$108$54$2
50 years$697$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $714,000, adding $5,001 every year, while hoping to spend $48,489 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: 57/36/7 Blend
50$714,000$714,000$714,000$714,000
51$791,987$754,145$743,078$835,628
52$821,177$739,506$716,379$850,938
53$851,720$722,524$687,160$861,724
54$883,702$703,035$655,287$872,278
55$917,217$680,861$620,616$882,583
56$952,367$655,817$583,001$892,623
57$989,263$627,706$542,285$902,381
58$1,028,024$596,320$498,308$911,842
59$1,068,781$561,438$450,900$920,994
60$1,111,677$522,828$399,885$929,825
61$1,156,864$480,244$345,078$938,325
62$1,204,513$433,424$286,287$946,489
63$1,254,806$382,094$223,310$954,312
64$1,307,942$325,963$155,937$961,797
65$1,364,141$264,724$83,949$968,947
66$1,423,640$198,052$7,118$975,774
67$1,486,698$125,604$0$982,295
68$1,553,602$47,018$0$994,125
69$1,624,659$0$0$1,006,636
70$1,700,212$0$0$1,034,443
71$1,780,630$0$0$1,083,901
72$1,866,322$0$0$1,136,638
73$1,957,732$0$0$1,192,933
74$2,055,349$0$0$1,253,091
75$2,159,708$0$0$1,317,447
76$2,271,395$0$0$1,386,369
77$2,391,053$0$0$1,460,259
78$2,519,387$0$0$1,539,558
79$2,657,172$0$0$1,624,753
80$2,805,256$0$0$1,716,374
81$2,964,571$0$0$1,815,006
82$3,136,142$0$0$1,921,291
83$3,321,093$0$0$2,035,934
84$3,520,658$0$0$2,159,708
85$3,736,194$0$0$2,293,465
86$3,969,192$0$0$2,438,138
87$4,221,292$0$0$2,594,757
88$4,494,293$0$0$2,764,451
89$4,790,177$0$0$2,948,462
90$5,111,122$0$0$3,148,157
91$5,459,522$0$0$3,365,037
92$5,838,011$0$0$3,600,755
93$6,249,487$0$0$3,857,130
94$6,697,138$0$0$4,136,162
95$7,184,470$0$0$4,440,052
96$7,715,344$0$0$4,771,222
97$8,294,005$0$0$5,132,336
98$8,925,128$0$0$5,526,330
99$9,613,858$0$0$5,956,432
100$10,365,856$0$0$6,426,196