Can I retire at age 51 with 717,000?

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 $717,000?

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$59,209$58,682$58,167$57,665$57,175$56,135
2 years$29,311$28,766$28,237$27,724$27,226$26,182
3 years$19,347$18,799$18,271$17,763$17,273$16,258
4 years$14,366$13,819$13,297$12,797$12,319$11,341
5 years$11,378$10,834$10,319$9,829$9,365$8,425
6 years$9,386$8,847$8,339$7,861$7,410$6,511
7 years$7,964$7,430$6,930$6,463$6,027$5,167
8 years$6,898$6,369$5,877$5,421$5,000$4,180
9 years$6,070$5,545$5,062$4,618$4,210$3,431
10 years$5,407$4,888$4,413$3,981$3,587$2,847
11 years$4,866$4,351$3,885$3,464$3,085$2,383
12 years$4,415$3,905$3,448$3,039$2,674$2,008
13 years$4,033$3,529$3,081$2,683$2,331$1,702
14 years$3,707$3,208$2,768$2,381$2,044$1,450
15 years$3,424$2,931$2,499$2,124$1,800$1,239
16 years$3,177$2,689$2,266$1,902$1,590$1,063
17 years$2,959$2,476$2,062$1,709$1,410$914
18 years$2,765$2,288$1,882$1,540$1,254$788
19 years$2,592$2,121$1,723$1,391$1,118$680
20 years$2,437$1,971$1,581$1,260$998$588
21 years$2,296$1,836$1,454$1,144$893$510
22 years$2,169$1,713$1,340$1,040$801$442
23 years$2,053$1,603$1,238$947$719$384
24 years$1,946$1,501$1,145$864$646$333
25 years$1,849$1,409$1,060$789$581$290
26 years$1,758$1,324$983$721$524$252
27 years$1,675$1,246$913$660$472$220
28 years$1,598$1,174$849$605$426$191
29 years$1,526$1,108$790$555$385$167
30 years$1,460$1,046$736$509$348$145
31 years$1,397$989$686$468$314$127
32 years$1,339$936$640$430$284$111
33 years$1,284$886$598$395$257$97
34 years$1,233$840$558$364$233$84
35 years$1,184$797$522$335$211$74
36 years$1,139$756$488$308$191$64
37 years$1,096$718$457$284$173$56
38 years$1,055$683$428$262$157$49
39 years$1,017$649$401$241$142$43
40 years$980$618$376$223$129$37
41 years$946$588$352$205$117$33
42 years$913$560$331$190$106$29
43 years$882$533$310$175$97$25
44 years$852$508$291$162$88$22
45 years$824$485$273$149$80$19
46 years$797$463$257$138$72$17
47 years$771$441$241$127$66$15
48 years$746$421$227$118$60$13
49 years$723$402$213$109$54$11
50 years$700$384$200$101$49$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $717,000, adding $5,380 every year, while hoping to spend $42,779 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: 73/20/7 Blend
50$717,000$717,000$717,000$717,000
51$795,683$757,682$746,569$852,587
52$831,327$749,292$726,063$882,440
53$869,172$739,057$703,435$909,224
54$909,398$726,842$678,571$937,351
55$952,202$712,503$651,349$966,939
56$997,798$695,887$621,640$998,121
57$1,046,422$676,834$589,314$1,031,041
58$1,098,331$655,173$554,230$1,065,863
59$1,153,808$630,724$516,244$1,102,764
60$1,213,163$603,295$475,204$1,141,943
61$1,276,734$572,685$430,952$1,183,619
62$1,344,893$538,679$383,322$1,228,034
63$1,418,050$501,052$332,141$1,275,459
64$1,496,652$459,565$277,228$1,326,189
65$1,581,192$413,964$218,396$1,380,555
66$1,672,208$363,984$155,448$1,438,920
67$1,770,296$309,341$88,177$1,501,688
68$1,876,104$249,737$16,370$1,569,305
69$1,990,351$184,858$0$1,642,264
70$2,113,821$114,371$0$1,725,614
71$2,247,380$37,924$0$1,817,054
72$2,391,977$0$0$1,916,046
73$2,548,657$0$0$2,033,221
74$2,718,568$0$0$2,169,370
75$2,902,973$0$0$2,317,163
76$3,103,262$0$0$2,477,715
77$3,320,962$0$0$2,652,256
78$3,557,755$0$0$2,842,137
79$3,815,489$0$0$3,048,846
80$4,096,199$0$0$3,274,018
81$4,402,125$0$0$3,519,455
82$4,735,731$0$0$3,787,139
83$5,099,730$0$0$4,079,250
84$5,497,106$0$0$4,398,190
85$5,931,147$0$0$4,746,602
86$6,405,470$0$0$5,127,396
87$6,924,058$0$0$5,543,775
88$7,491,297$0$0$5,999,266
89$8,112,015$0$0$6,497,753
90$8,791,530$0$0$7,043,512
91$9,535,696$0$0$7,641,252
92$10,350,961$0$0$8,296,161
93$11,244,426$0$0$9,013,948
94$12,223,910$0$0$9,800,904
95$13,298,028$0$0$10,663,958
96$14,476,265$0$0$11,610,738
97$15,769,069$0$0$12,649,650
98$17,187,951$0$0$13,789,952
99$18,745,588$0$0$15,041,841
100$20,455,944$0$0$16,416,550