Can I retire at age 51 with 715,000?

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 $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%16.3%
1 years$59,044$58,518$58,005$57,504$57,015$55,547
2 years$29,230$28,685$28,158$27,646$27,150$25,680
3 years$19,293$18,746$18,220$17,713$17,225$15,800
4 years$14,325$13,780$13,259$12,761$12,285$10,916
5 years$11,346$10,804$10,290$9,802$9,339$8,029
6 years$9,360$8,822$8,316$7,839$7,390$6,141
7 years$7,942$7,409$6,910$6,445$6,010$4,822
8 years$6,879$6,351$5,861$5,406$4,986$3,858
9 years$6,053$5,530$5,048$4,605$4,199$3,130
10 years$5,392$4,874$4,401$3,969$3,577$2,567
11 years$4,852$4,339$3,874$3,455$3,077$2,123
12 years$4,402$3,895$3,438$3,030$2,666$1,767
13 years$4,022$3,519$3,072$2,675$2,325$1,479
14 years$3,696$3,199$2,760$2,375$2,038$1,243
15 years$3,414$2,922$2,492$2,118$1,794$1,049
16 years$3,168$2,681$2,259$1,896$1,586$888
17 years$2,950$2,469$2,056$1,704$1,406$753
18 years$2,757$2,282$1,877$1,535$1,250$640
19 years$2,585$2,115$1,718$1,387$1,114$545
20 years$2,430$1,965$1,577$1,257$995$464
21 years$2,290$1,830$1,450$1,140$891$397
22 years$2,163$1,709$1,337$1,037$799$339
23 years$2,047$1,598$1,234$944$717$290
24 years$1,941$1,497$1,141$861$644$248
25 years$1,843$1,405$1,057$787$580$213
26 years$1,754$1,321$981$719$522$182
27 years$1,671$1,243$911$658$471$156
28 years$1,594$1,171$846$603$425$134
29 years$1,522$1,105$788$553$384$115
30 years$1,455$1,043$734$508$347$99
31 years$1,393$986$684$466$313$85
32 years$1,335$933$638$428$283$73
33 years$1,280$884$596$394$257$62
34 years$1,229$838$557$363$232$54
35 years$1,181$795$521$334$210$46
36 years$1,136$754$487$307$191$40
37 years$1,093$716$456$283$173$34
38 years$1,052$681$427$261$157$29
39 years$1,014$647$400$241$142$25
40 years$978$616$375$222$129$22
41 years$943$586$351$205$117$19
42 years$910$558$330$189$106$16
43 years$879$532$309$174$96$14
44 years$850$507$290$161$87$12
45 years$821$484$273$149$79$10
46 years$794$461$256$137$72$9
47 years$769$440$241$127$65$7
48 years$744$420$226$117$59$6
49 years$721$401$213$108$54$6
50 years$698$383$200$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $715,000, adding $3,046 every year, while hoping to spend $46,626 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: 61/12/27 Blend
50$715,000$715,000$715,000$715,000
51$791,072$753,177$742,094$833,420
52$822,152$740,473$717,345$849,876
53$854,839$725,584$690,204$862,522
54$889,248$708,353$660,541$875,330
55$925,504$688,615$628,222$888,328
56$963,743$666,195$593,105$901,544
57$1,004,114$640,908$555,043$915,014
58$1,046,778$612,556$513,881$928,779
59$1,091,910$580,933$469,458$942,887
60$1,139,705$545,819$421,605$957,392
61$1,190,372$506,981$370,146$972,358
62$1,244,142$464,174$314,897$987,856
63$1,301,265$417,139$255,666$1,003,971
64$1,362,016$365,601$192,254$1,020,797
65$1,426,697$309,271$124,449$1,038,440
66$1,495,636$247,842$52,035$1,057,023
67$1,569,195$180,990$0$1,076,685
68$1,647,769$108,374$0$1,104,854
69$1,731,790$29,633$0$1,150,904
70$1,821,734$0$0$1,200,101
71$1,918,121$0$0$1,260,086
72$2,021,523$0$0$1,328,671
73$2,132,565$0$0$1,402,364
74$2,251,937$0$0$1,481,626
75$2,380,393$0$0$1,566,963
76$2,518,763$0$0$1,658,932
77$2,667,956$0$0$1,758,145
78$2,828,974$0$0$1,865,272
79$3,002,916$0$0$1,981,052
80$3,190,990$0$0$2,106,296
81$3,394,523$0$0$2,241,894
82$3,614,975$0$0$2,388,827
83$3,853,950$0$0$2,548,173
84$4,113,214$0$0$2,721,115
85$4,394,708$0$0$2,908,959
86$4,700,564$0$0$3,113,136
87$5,033,133$0$0$3,335,225
88$5,394,996$0$0$3,576,960
89$5,788,997$0$0$3,840,251
90$6,218,262$0$0$4,127,198
91$6,686,235$0$0$4,440,114
92$7,196,703$0$0$4,781,544
93$7,753,835$0$0$5,154,288
94$8,362,221$0$0$5,561,431
95$9,026,914$0$0$6,006,366
96$9,753,475$0$0$6,492,832
97$10,548,029$0$0$7,024,942
98$11,417,318$0$0$7,607,227
99$12,368,767$0$0$8,244,676
100$13,410,549$0$0$8,942,783