Can I retire at age 51 with 717,000?

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 $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%13.9%
1 years$59,209$58,682$58,167$57,665$57,175$56,251
2 years$29,311$28,766$28,237$27,724$27,226$26,298
3 years$19,347$18,799$18,271$17,763$17,273$16,369
4 years$14,366$13,819$13,297$12,797$12,319$11,447
5 years$11,378$10,834$10,319$9,829$9,365$8,527
6 years$9,386$8,847$8,339$7,861$7,410$6,607
7 years$7,964$7,430$6,930$6,463$6,027$5,258
8 years$6,898$6,369$5,877$5,421$5,000$4,266
9 years$6,070$5,545$5,062$4,618$4,210$3,512
10 years$5,407$4,888$4,413$3,981$3,587$2,923
11 years$4,866$4,351$3,885$3,464$3,085$2,454
12 years$4,415$3,905$3,448$3,039$2,674$2,075
13 years$4,033$3,529$3,081$2,683$2,331$1,765
14 years$3,707$3,208$2,768$2,381$2,044$1,508
15 years$3,424$2,931$2,499$2,124$1,800$1,294
16 years$3,177$2,689$2,266$1,902$1,590$1,113
17 years$2,959$2,476$2,062$1,709$1,410$961
18 years$2,765$2,288$1,882$1,540$1,254$831
19 years$2,592$2,121$1,723$1,391$1,118$720
20 years$2,437$1,971$1,581$1,260$998$625
21 years$2,296$1,836$1,454$1,144$893$544
22 years$2,169$1,713$1,340$1,040$801$473
23 years$2,053$1,603$1,238$947$719$413
24 years$1,946$1,501$1,145$864$646$360
25 years$1,849$1,409$1,060$789$581$314
26 years$1,758$1,324$983$721$524$274
27 years$1,675$1,246$913$660$472$240
28 years$1,598$1,174$849$605$426$210
29 years$1,526$1,108$790$555$385$184
30 years$1,460$1,046$736$509$348$161
31 years$1,397$989$686$468$314$141
32 years$1,339$936$640$430$284$123
33 years$1,284$886$598$395$257$108
34 years$1,233$840$558$364$233$95
35 years$1,184$797$522$335$211$83
36 years$1,139$756$488$308$191$73
37 years$1,096$718$457$284$173$64
38 years$1,055$683$428$262$157$56
39 years$1,017$649$401$241$142$49
40 years$980$618$376$223$129$43
41 years$946$588$352$205$117$38
42 years$913$560$331$190$106$33
43 years$882$533$310$175$97$29
44 years$852$508$291$162$88$26
45 years$824$485$273$149$80$22
46 years$797$463$257$138$72$20
47 years$771$441$241$127$66$17
48 years$746$421$227$118$60$15
49 years$723$402$213$109$54$13
50 years$700$384$200$101$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $717,000, adding $3,076 every year, while hoping to spend $43,723 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: 64/13/23 Blend
50$717,000$717,000$717,000$717,000
51$793,307$755,306$744,192$839,151
52$827,703$745,795$722,602$860,924
53$864,143$734,353$698,823$879,528
54$902,787$720,838$672,735$898,859
55$943,815$705,102$644,215$918,993
56$987,418$686,986$613,131$940,014
57$1,033,810$666,324$579,346$962,017
58$1,083,224$642,939$542,719$985,107
59$1,135,912$616,642$503,099$1,009,403
60$1,192,153$587,236$460,332$1,035,038
61$1,252,253$554,511$414,253$1,062,158
62$1,316,547$518,246$364,694$1,090,931
63$1,385,399$478,205$311,476$1,121,539
64$1,459,214$434,140$254,414$1,154,190
65$1,538,431$385,791$193,315$1,189,112
66$1,623,536$332,879$127,976$1,226,562
67$1,715,059$275,113$58,185$1,266,823
68$1,813,584$212,182$0$1,310,214
69$1,919,752$143,761$0$1,361,086
70$2,034,265$69,505$0$1,431,331
71$2,157,899$0$0$1,507,150
72$2,291,501$0$0$1,590,656
73$2,436,006$0$0$1,691,769
74$2,592,440$0$0$1,801,270
75$2,761,930$0$0$1,919,954
76$2,945,719$0$0$2,048,695
77$3,145,168$0$0$2,188,454
78$3,361,780$0$0$2,340,288
79$3,597,204$0$0$2,505,360
80$3,853,256$0$0$2,684,951
81$4,131,933$0$0$2,880,467
82$4,435,433$0$0$3,093,457
83$4,766,174$0$0$3,325,627
84$5,126,817$0$0$3,578,853
85$5,520,294$0$0$3,855,198
86$5,949,826$0$0$4,156,937
87$6,418,965$0$0$4,486,572
88$6,931,617$0$0$4,846,856
89$7,492,084$0$0$5,240,823
90$8,105,101$0$0$5,671,812
91$8,775,885$0$0$6,143,498
92$9,510,176$0$0$6,659,932
93$10,314,299$0$0$7,225,570
94$11,195,216$0$0$7,845,323
95$12,160,595$0$0$8,524,597
96$13,218,882$0$0$9,269,346
97$14,379,378$0$0$10,086,131
98$15,652,329$0$0$10,982,174
99$17,049,017$0$0$11,965,431
100$18,581,872$0$0$13,044,668