Can I retire at age 51 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$59,127$58,600$58,086$57,585$57,095$56,664
2 years$29,271$28,725$28,197$27,685$27,188$26,753
3 years$19,320$18,772$18,245$17,738$17,249$16,825
4 years$14,346$13,800$13,278$12,779$12,302$11,891
5 years$11,362$10,819$10,304$9,816$9,352$8,955
6 years$9,373$8,835$8,327$7,850$7,400$7,018
7 years$7,953$7,419$6,920$6,454$6,018$5,651
8 years$6,889$6,360$5,869$5,414$4,993$4,641
9 years$6,061$5,537$5,055$4,611$4,204$3,868
10 years$5,400$4,881$4,407$3,975$3,582$3,260
11 years$4,859$4,345$3,880$3,459$3,081$2,773
12 years$4,408$3,900$3,443$3,034$2,670$2,377
13 years$4,028$3,524$3,076$2,679$2,328$2,049
14 years$3,701$3,204$2,764$2,378$2,041$1,775
15 years$3,419$2,927$2,496$2,121$1,797$1,545
16 years$3,172$2,685$2,263$1,899$1,588$1,349
17 years$2,955$2,473$2,059$1,706$1,408$1,181
18 years$2,761$2,285$1,879$1,538$1,252$1,037
19 years$2,589$2,118$1,721$1,389$1,116$913
20 years$2,433$1,968$1,579$1,258$997$805
21 years$2,293$1,833$1,452$1,142$892$711
22 years$2,166$1,711$1,339$1,038$800$629
23 years$2,050$1,600$1,236$946$718$557
24 years$1,944$1,499$1,143$862$645$494
25 years$1,846$1,407$1,059$788$581$438
26 years$1,756$1,322$982$720$523$389
27 years$1,673$1,245$912$659$471$346
28 years$1,596$1,173$848$604$425$308
29 years$1,524$1,106$789$554$384$274
30 years$1,457$1,045$735$508$347$244
31 years$1,395$988$685$467$314$217
32 years$1,337$935$639$429$284$194
33 years$1,282$885$597$395$257$173
34 years$1,231$839$558$363$233$154
35 years$1,183$796$521$334$211$138
36 years$1,137$755$488$308$191$123
37 years$1,094$717$456$284$173$110
38 years$1,054$682$427$261$157$98
39 years$1,015$648$400$241$142$87
40 years$979$617$375$222$129$78
41 years$944$587$352$205$117$70
42 years$912$559$330$189$106$62
43 years$880$533$310$175$96$56
44 years$851$508$291$161$87$50
45 years$822$484$273$149$79$44
46 years$795$462$256$138$72$40
47 years$770$441$241$127$65$36
48 years$745$421$226$117$59$32
49 years$722$402$213$109$54$28
50 years$699$384$200$100$49$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $716,000, adding $6,808 every year, while hoping to spend $41,173 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: 62/30/8 Blend
50$716,000$716,000$716,000$716,000
51$796,054$758,106$747,008$843,669
52$833,444$751,446$728,225$869,664
53$873,268$743,079$707,433$892,632
54$915,730$732,879$684,521$916,654
55$961,055$720,711$659,373$941,832
56$1,009,489$706,431$631,868$968,278
57$1,061,301$689,891$601,880$996,119
58$1,116,786$670,928$569,276$1,025,496
59$1,176,268$649,374$533,917$1,056,564
60$1,240,104$625,049$495,659$1,089,499
61$1,308,682$597,763$454,350$1,124,494
62$1,382,430$567,317$409,834$1,161,767
63$1,461,819$533,497$361,945$1,201,558
64$1,547,365$496,078$310,510$1,244,135
65$1,639,634$454,824$255,351$1,289,795
66$1,739,250$409,484$196,278$1,338,870
67$1,846,896$359,791$133,096$1,391,728
68$1,963,325$305,466$65,600$1,448,777
69$2,089,363$246,213$0$1,510,472
70$2,225,919$181,718$0$1,577,866
71$2,373,992$111,651$0$1,656,980
72$2,534,681$35,664$0$1,742,851
73$2,709,194$0$0$1,836,188
74$2,898,861$0$0$1,953,164
75$3,105,143$0$0$2,093,240
76$3,329,651$0$0$2,245,740
77$3,574,153$0$0$2,411,873
78$3,840,598$0$0$2,592,970
79$4,131,130$0$0$2,790,494
80$4,448,108$0$0$3,006,056
81$4,794,129$0$0$3,241,430
82$5,172,052$0$0$3,498,568
83$5,585,024$0$0$3,779,619
84$6,036,511$0$0$4,086,949
85$6,530,326$0$0$4,423,164
86$7,070,670$0$0$4,791,132
87$7,662,168$0$0$5,194,013
88$8,309,913$0$0$5,635,284
89$9,019,514$0$0$6,118,776
90$9,797,146$0$0$6,648,709
91$10,649,613$0$0$7,229,728
92$11,584,406$0$0$7,866,950
93$12,609,776$0$0$8,566,013
94$13,734,813$0$0$9,333,124
95$14,969,526$0$0$10,175,122
96$16,324,944$0$0$11,099,539
97$17,813,214$0$0$12,114,673
98$19,447,715$0$0$13,229,665
99$21,243,188$0$0$14,454,584
100$23,215,872$0$0$15,800,522