Can I retire at age 51 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$59,044$58,518$58,005$57,504$57,015$56,163
2 years$29,230$28,685$28,158$27,646$27,150$26,294
3 years$19,293$18,746$18,220$17,713$17,225$16,391
4 years$14,325$13,780$13,259$12,761$12,285$11,479
5 years$11,346$10,804$10,290$9,802$9,339$8,564
6 years$9,360$8,822$8,316$7,839$7,390$6,647
7 years$7,942$7,409$6,910$6,445$6,010$5,299
8 years$6,879$6,351$5,861$5,406$4,986$4,307
9 years$6,053$5,530$5,048$4,605$4,199$3,552
10 years$5,392$4,874$4,401$3,969$3,577$2,961
11 years$4,852$4,339$3,874$3,455$3,077$2,491
12 years$4,402$3,895$3,438$3,030$2,666$2,111
13 years$4,022$3,519$3,072$2,675$2,325$1,798
14 years$3,696$3,199$2,760$2,375$2,038$1,540
15 years$3,414$2,922$2,492$2,118$1,794$1,323
16 years$3,168$2,681$2,259$1,896$1,586$1,141
17 years$2,950$2,469$2,056$1,704$1,406$987
18 years$2,757$2,282$1,877$1,535$1,250$856
19 years$2,585$2,115$1,718$1,387$1,114$743
20 years$2,430$1,965$1,577$1,257$995$647
21 years$2,290$1,830$1,450$1,140$891$564
22 years$2,163$1,709$1,337$1,037$799$492
23 years$2,047$1,598$1,234$944$717$430
24 years$1,941$1,497$1,141$861$644$376
25 years$1,843$1,405$1,057$787$580$329
26 years$1,754$1,321$981$719$522$288
27 years$1,671$1,243$911$658$471$252
28 years$1,594$1,171$846$603$425$221
29 years$1,522$1,105$788$553$384$194
30 years$1,455$1,043$734$508$347$170
31 years$1,393$986$684$466$313$150
32 years$1,335$933$638$428$283$131
33 years$1,280$884$596$394$257$115
34 years$1,229$838$557$363$232$101
35 years$1,181$795$521$334$210$89
36 years$1,136$754$487$307$191$78
37 years$1,093$716$456$283$173$69
38 years$1,052$681$427$261$157$61
39 years$1,014$647$400$241$142$53
40 years$978$616$375$222$129$47
41 years$943$586$351$205$117$41
42 years$910$558$330$189$106$36
43 years$879$532$309$174$96$32
44 years$850$507$290$161$87$28
45 years$821$484$273$149$79$25
46 years$794$461$256$137$72$22
47 years$769$440$241$127$65$19
48 years$744$420$226$117$59$17
49 years$721$401$213$108$54$15
50 years$698$383$200$100$49$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $715,000, adding $2,224 every year, while hoping to spend $31,554 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: 24/48/28 Blend
50$715,000$715,000$715,000$715,000
51$790,224$752,329$741,247$802,181
52$837,254$755,620$732,505$815,805
53$888,023$758,015$722,413$827,579
54$942,879$759,436$710,892$839,532
55$1,002,206$759,801$697,860$851,700
56$1,066,424$759,024$683,231$864,126
57$1,135,994$757,011$666,915$876,859
58$1,211,426$753,665$648,817$889,958
59$1,293,278$748,881$628,838$903,489
60$1,382,165$742,549$606,877$917,530
61$1,478,762$734,551$582,824$932,168
62$1,583,815$724,763$556,568$947,506
63$1,698,141$713,053$527,990$963,660
64$1,822,641$699,282$496,967$980,762
65$1,958,305$683,302$463,370$998,962
66$2,106,225$664,956$427,066$1,018,431
67$2,267,600$644,078$387,912$1,039,363
68$2,443,750$620,494$345,763$1,061,975
69$2,636,132$594,017$300,464$1,086,516
70$2,846,344$564,450$251,857$1,113,262
71$3,076,150$531,587$199,773$1,142,528
72$3,327,489$495,207$144,037$1,174,665
73$3,602,499$455,078$84,468$1,210,068
74$3,903,531$410,954$20,876$1,249,182
75$4,233,177$362,576$0$1,292,503
76$4,594,287$309,669$0$1,354,626
77$4,990,005$251,944$0$1,429,703
78$5,423,790$189,093$0$1,512,251
79$5,899,452$120,794$0$1,603,115
80$6,421,189$46,706$0$1,703,232
81$6,993,622$0$0$1,813,642
82$7,621,844$0$0$1,953,212
83$8,311,463$0$0$2,133,631
84$9,068,658$0$0$2,331,859
85$9,900,233$0$0$2,549,695
86$10,813,685$0$0$2,789,121
87$11,817,275$0$0$3,052,317
88$12,920,098$0$0$3,341,689
89$14,132,180$0$0$3,659,885
90$15,464,563$0$0$4,009,823
91$16,929,412$0$0$4,394,718
92$18,540,131$0$0$4,818,114
93$20,311,486$0$0$5,283,912
94$22,259,748$0$0$5,796,414
95$24,402,843$0$0$6,360,358
96$26,760,519$0$0$6,980,965
97$29,354,540$0$0$7,663,987
98$32,208,880$0$0$8,415,762
99$35,349,959$0$0$9,243,275
100$38,806,884$0$0$10,154,221