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%13%
1 years$59,127$58,600$58,086$57,585$57,095$56,381
2 years$29,271$28,725$28,197$27,685$27,188$26,470
3 years$19,320$18,772$18,245$17,738$17,249$16,549
4 years$14,346$13,800$13,278$12,779$12,302$11,626
5 years$11,362$10,819$10,304$9,816$9,352$8,700
6 years$9,373$8,835$8,327$7,850$7,400$6,774
7 years$7,953$7,419$6,920$6,454$6,018$5,419
8 years$6,889$6,360$5,869$5,414$4,993$4,420
9 years$6,061$5,537$5,055$4,611$4,204$3,657
10 years$5,400$4,881$4,407$3,975$3,582$3,061
11 years$4,859$4,345$3,880$3,459$3,081$2,585
12 years$4,408$3,900$3,443$3,034$2,670$2,198
13 years$4,028$3,524$3,076$2,679$2,328$1,880
14 years$3,701$3,204$2,764$2,378$2,041$1,616
15 years$3,419$2,927$2,496$2,121$1,797$1,395
16 years$3,172$2,685$2,263$1,899$1,588$1,208
17 years$2,955$2,473$2,059$1,706$1,408$1,049
18 years$2,761$2,285$1,879$1,538$1,252$913
19 years$2,589$2,118$1,721$1,389$1,116$797
20 years$2,433$1,968$1,579$1,258$997$697
21 years$2,293$1,833$1,452$1,142$892$610
22 years$2,166$1,711$1,339$1,038$800$534
23 years$2,050$1,600$1,236$946$718$469
24 years$1,944$1,499$1,143$862$645$412
25 years$1,846$1,407$1,059$788$581$362
26 years$1,756$1,322$982$720$523$319
27 years$1,673$1,245$912$659$471$281
28 years$1,596$1,173$848$604$425$247
29 years$1,524$1,106$789$554$384$218
30 years$1,457$1,045$735$508$347$192
31 years$1,395$988$685$467$314$170
32 years$1,337$935$639$429$284$150
33 years$1,282$885$597$395$257$132
34 years$1,231$839$558$363$233$117
35 years$1,183$796$521$334$211$103
36 years$1,137$755$488$308$191$91
37 years$1,094$717$456$284$173$81
38 years$1,054$682$427$261$157$71
39 years$1,015$648$400$241$142$63
40 years$979$617$375$222$129$56
41 years$944$587$352$205$117$49
42 years$912$559$330$189$106$43
43 years$880$533$310$175$96$38
44 years$851$508$291$161$87$34
45 years$822$484$273$149$79$30
46 years$795$462$256$138$72$27
47 years$770$441$241$127$65$24
48 years$745$421$226$117$59$21
49 years$722$402$213$109$54$18
50 years$699$384$200$100$49$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $716,000, adding $3,103 every year, while hoping to spend $34,092 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: 80/14/6 Blend
50$716,000$716,000$716,000$716,000
51$792,233$754,285$743,187$855,002
52$836,767$754,971$731,810$897,230
53$884,701$754,548$718,909$938,730
54$936,345$752,926$704,398$983,228
55$992,042$750,009$688,185$1,031,007
56$1,052,166$745,695$670,174$1,082,375
57$1,117,129$739,876$650,267$1,137,674
58$1,187,383$732,437$628,358$1,197,280
59$1,263,428$723,258$604,340$1,261,608
60$1,345,809$712,209$578,097$1,331,114
61$1,435,128$699,155$549,510$1,406,300
62$1,532,048$683,950$518,455$1,487,723
63$1,637,296$666,442$484,802$1,575,992
64$1,751,671$646,469$448,414$1,671,781
65$1,876,055$623,860$409,150$1,775,833
66$2,011,417$598,433$366,860$1,888,966
67$2,158,821$569,995$321,389$2,012,081
68$2,319,441$538,346$272,576$2,146,173
69$2,494,567$503,268$220,251$2,292,338
70$2,685,621$464,536$164,237$2,451,784
71$2,894,165$421,909$104,350$2,625,844
72$3,121,920$375,133$40,396$2,815,984
73$3,370,783$323,941$0$3,023,825
74$3,642,837$268,049$0$3,252,933
75$3,940,381$207,158$0$3,506,370
76$4,265,942$140,951$0$3,783,728
77$4,622,305$69,094$0$4,087,413
78$5,012,536$0$0$4,420,077
79$5,440,012$0$0$4,785,992
80$5,908,450$0$0$5,198,655
81$6,421,946$0$0$5,651,031
82$6,985,010$0$0$6,147,095
83$7,602,610$0$0$6,691,228
84$8,280,215$0$0$7,288,251
85$9,023,855$0$0$7,943,479
86$9,840,165$0$0$8,662,761
87$10,736,460$0$0$9,452,546
88$11,720,793$0$0$10,319,934
89$12,802,038$0$0$11,272,747
90$13,989,971$0$0$12,319,602
91$15,295,360$0$0$13,469,994
92$16,730,069$0$0$14,734,379
93$18,307,167$0$0$16,124,281
94$20,041,054$0$0$17,652,394
95$21,947,594$0$0$19,332,702
96$24,044,266$0$0$21,180,614
97$26,350,325$0$0$23,213,106
98$28,886,989$0$0$25,448,883
99$31,677,634$0$0$27,908,553
100$34,748,017$0$0$30,614,820