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%14.2%
1 years$59,044$58,518$58,005$57,504$57,015$56,024
2 years$29,230$28,685$28,158$27,646$27,150$26,155
3 years$19,293$18,746$18,220$17,713$17,225$16,257
4 years$14,325$13,780$13,259$12,761$12,285$11,351
5 years$11,346$10,804$10,290$9,802$9,339$8,442
6 years$9,360$8,822$8,316$7,839$7,390$6,531
7 years$7,942$7,409$6,910$6,445$6,010$5,189
8 years$6,879$6,351$5,861$5,406$4,986$4,203
9 years$6,053$5,530$5,048$4,605$4,199$3,453
10 years$5,392$4,874$4,401$3,969$3,577$2,869
11 years$4,852$4,339$3,874$3,455$3,077$2,405
12 years$4,402$3,895$3,438$3,030$2,666$2,029
13 years$4,022$3,519$3,072$2,675$2,325$1,722
14 years$3,696$3,199$2,760$2,375$2,038$1,469
15 years$3,414$2,922$2,492$2,118$1,794$1,257
16 years$3,168$2,681$2,259$1,896$1,586$1,080
17 years$2,950$2,469$2,056$1,704$1,406$930
18 years$2,757$2,282$1,877$1,535$1,250$802
19 years$2,585$2,115$1,718$1,387$1,114$694
20 years$2,430$1,965$1,577$1,257$995$601
21 years$2,290$1,830$1,450$1,140$891$521
22 years$2,163$1,709$1,337$1,037$799$453
23 years$2,047$1,598$1,234$944$717$394
24 years$1,941$1,497$1,141$861$644$343
25 years$1,843$1,405$1,057$787$580$299
26 years$1,754$1,321$981$719$522$260
27 years$1,671$1,243$911$658$471$227
28 years$1,594$1,171$846$603$425$198
29 years$1,522$1,105$788$553$384$173
30 years$1,455$1,043$734$508$347$151
31 years$1,393$986$684$466$313$132
32 years$1,335$933$638$428$283$115
33 years$1,280$884$596$394$257$101
34 years$1,229$838$557$363$232$88
35 years$1,181$795$521$334$210$77
36 years$1,136$754$487$307$191$67
37 years$1,093$716$456$283$173$59
38 years$1,052$681$427$261$157$52
39 years$1,014$647$400$241$142$45
40 years$978$616$375$222$129$39
41 years$943$586$351$205$117$35
42 years$910$558$330$189$106$30
43 years$879$532$309$174$96$26
44 years$850$507$290$161$87$23
45 years$821$484$273$149$79$20
46 years$794$461$256$137$72$18
47 years$769$440$241$127$65$16
48 years$744$420$226$117$59$14
49 years$721$401$213$108$54$12
50 years$698$383$200$100$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $715,000, adding $5,188 every year, while hoping to spend $21,628 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: 58/21/21 Blend
50$715,000$715,000$715,000$715,000
51$793,281$755,386$744,304$834,569
52$851,184$769,388$746,226$877,249
53$914,268$783,351$747,488$920,975
54$983,039$797,251$748,044$968,170
55$1,058,053$811,060$747,848$1,019,174
56$1,139,923$824,751$746,849$1,074,362
57$1,229,323$838,292$744,996$1,134,147
58$1,326,995$851,650$742,235$1,198,983
59$1,433,757$864,789$738,508$1,269,373
60$1,550,508$877,671$733,756$1,345,871
61$1,678,238$890,256$727,916$1,429,087
62$1,818,039$902,499$720,921$1,519,695
63$1,971,111$914,353$712,704$1,618,436
64$2,138,777$925,769$703,192$1,726,129
65$2,322,493$936,692$692,310$1,843,678
66$2,523,863$947,066$679,978$1,972,077
67$2,744,654$956,829$666,114$2,112,425
68$2,986,811$965,916$650,631$2,265,932
69$3,252,477$974,258$633,439$2,433,933
70$3,544,014$981,780$614,443$2,617,900
71$3,864,020$988,404$593,544$2,819,455
72$4,215,361$994,046$570,638$3,040,390
73$4,601,190$998,617$545,617$3,282,676
74$5,024,983$1,002,021$518,367$3,548,490
75$5,490,569$1,004,158$488,771$3,840,231
76$6,002,166$1,004,921$456,703$4,160,544
77$6,564,420$1,004,194$422,035$4,512,347
78$7,182,449$1,001,859$384,632$4,898,855
79$7,861,894$997,785$344,353$5,323,613
80$8,608,968$991,837$301,049$5,790,532
81$9,430,516$983,870$254,567$6,303,922
82$10,334,080$973,731$204,746$6,868,534
83$11,327,969$961,257$151,419$7,489,607
84$12,421,340$946,276$94,408$8,172,917
85$13,624,278$928,605$33,533$8,924,832
86$14,947,899$908,051$0$9,752,371
87$16,404,448$884,410$0$10,670,317
88$18,007,420$857,463$0$11,688,635
89$19,771,680$826,983$0$12,809,254
90$21,713,611$792,725$0$14,042,591
91$23,851,264$754,433$0$15,400,126
92$26,204,527$711,834$0$16,894,513
93$28,795,318$664,643$0$18,539,694
94$31,647,783$612,553$0$20,351,038
95$34,788,533$555,245$0$22,345,480
96$38,246,889$492,377$0$24,541,688
97$42,055,160$423,592$0$26,960,231
98$46,248,948$348,510$0$29,623,781
99$50,867,484$266,730$0$32,557,324
100$55,953,996$177,828$0$35,788,398