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%14.4%
1 years$59,127$58,600$58,086$57,585$57,095$56,057
2 years$29,271$28,725$28,197$27,685$27,188$26,146
3 years$19,320$18,772$18,245$17,738$17,249$16,235
4 years$14,346$13,800$13,278$12,779$12,302$11,325
5 years$11,362$10,819$10,304$9,816$9,352$8,413
6 years$9,373$8,835$8,327$7,850$7,400$6,501
7 years$7,953$7,419$6,920$6,454$6,018$5,160
8 years$6,889$6,360$5,869$5,414$4,993$4,175
9 years$6,061$5,537$5,055$4,611$4,204$3,426
10 years$5,400$4,881$4,407$3,975$3,582$2,843
11 years$4,859$4,345$3,880$3,459$3,081$2,380
12 years$4,408$3,900$3,443$3,034$2,670$2,006
13 years$4,028$3,524$3,076$2,679$2,328$1,700
14 years$3,701$3,204$2,764$2,378$2,041$1,448
15 years$3,419$2,927$2,496$2,121$1,797$1,237
16 years$3,172$2,685$2,263$1,899$1,588$1,061
17 years$2,955$2,473$2,059$1,706$1,408$913
18 years$2,761$2,285$1,879$1,538$1,252$787
19 years$2,589$2,118$1,721$1,389$1,116$679
20 years$2,433$1,968$1,579$1,258$997$587
21 years$2,293$1,833$1,452$1,142$892$509
22 years$2,166$1,711$1,339$1,038$800$441
23 years$2,050$1,600$1,236$946$718$383
24 years$1,944$1,499$1,143$862$645$333
25 years$1,846$1,407$1,059$788$581$289
26 years$1,756$1,322$982$720$523$252
27 years$1,673$1,245$912$659$471$219
28 years$1,596$1,173$848$604$425$191
29 years$1,524$1,106$789$554$384$167
30 years$1,457$1,045$735$508$347$145
31 years$1,395$988$685$467$314$127
32 years$1,337$935$639$429$284$110
33 years$1,282$885$597$395$257$96
34 years$1,231$839$558$363$233$84
35 years$1,183$796$521$334$211$73
36 years$1,137$755$488$308$191$64
37 years$1,094$717$456$284$173$56
38 years$1,054$682$427$261$157$49
39 years$1,015$648$400$241$142$43
40 years$979$617$375$222$129$37
41 years$944$587$352$205$117$33
42 years$912$559$330$189$106$28
43 years$880$533$310$175$96$25
44 years$851$508$291$161$87$22
45 years$822$484$273$149$79$19
46 years$795$462$256$138$72$17
47 years$770$441$241$127$65$15
48 years$745$421$226$117$59$13
49 years$722$402$213$109$54$11
50 years$699$384$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 $716,000, adding $6,120 every year, while hoping to spend $28,524 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: 53/18/29 Blend
50$716,000$716,000$716,000$716,000
51$795,345$757,397$746,299$830,759
52$846,121$764,160$740,950$862,751
53$901,120$770,298$734,467$894,159
54$960,742$775,752$726,780$927,780
55$1,025,429$780,455$717,819$963,837
56$1,095,665$784,339$707,508$1,002,578
57$1,171,983$787,332$695,769$1,044,278
58$1,254,969$789,355$682,521$1,089,239
59$1,345,268$790,325$667,677$1,137,797
60$1,443,589$790,155$651,149$1,190,323
61$1,550,715$788,752$632,841$1,247,227
62$1,667,503$786,016$612,657$1,308,964
63$1,794,899$781,842$590,492$1,376,035
64$1,933,946$776,119$566,241$1,448,995
65$2,085,788$768,729$539,789$1,528,457
66$2,251,688$759,545$511,021$1,615,100
67$2,433,033$748,436$479,814$1,709,673
68$2,631,354$735,261$446,039$1,813,004
69$2,848,332$719,869$409,562$1,926,007
70$3,085,823$702,104$370,243$2,049,695
71$3,345,868$681,797$327,937$2,185,184
72$3,630,713$658,772$282,489$2,333,707
73$3,942,835$632,842$233,742$2,496,627
74$4,284,960$603,807$181,528$2,675,450
75$4,660,090$571,457$125,674$2,871,837
76$5,071,532$535,572$65,997$3,087,624
77$5,522,930$495,916$2,309$3,324,837
78$6,018,293$452,241$0$3,585,713
79$6,562,043$404,284$0$3,893,039
80$7,159,047$351,770$0$4,231,308
81$7,814,667$294,403$0$4,602,880
82$8,534,810$231,876$0$5,011,146
83$9,325,983$163,861$0$5,459,846
84$10,195,356$90,012$0$5,953,100
85$11,150,826$9,967$0$6,495,451
86$12,201,093$0$0$7,091,909
87$13,355,743$0$0$7,763,178
88$14,625,337$0$0$8,503,520
89$16,021,510$0$0$9,317,754
90$17,557,081$0$0$10,213,367
91$19,246,173$0$0$11,198,606
92$21,104,348$0$0$12,282,559
93$23,148,751$0$0$13,475,238
94$25,398,275$0$0$14,787,677
95$27,873,732$0$0$16,232,030
96$30,598,059$0$0$17,821,691
97$33,596,525$0$0$19,571,418
98$36,896,974$0$0$21,497,473
99$40,530,088$0$0$23,617,774
100$44,529,672$0$0$25,952,063