Can I retire at age 51 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$59,292$58,764$58,248$57,745$57,254$55,893
2 years$29,352$28,806$28,276$27,762$27,264$25,900
3 years$19,374$18,825$18,296$17,788$17,297$15,974
4 years$14,386$13,838$13,315$12,815$12,337$11,064
5 years$11,393$10,849$10,333$9,843$9,378$8,160
6 years$9,399$8,859$8,351$7,872$7,421$6,257
7 years$7,975$7,440$6,939$6,472$6,035$4,927
8 years$6,908$6,377$5,885$5,429$5,007$3,954
9 years$6,078$5,553$5,069$4,624$4,216$3,218
10 years$5,415$4,894$4,419$3,986$3,592$2,647
11 years$4,872$4,357$3,891$3,469$3,090$2,196
12 years$4,421$3,911$3,453$3,043$2,677$1,834
13 years$4,039$3,534$3,085$2,686$2,335$1,540
14 years$3,712$3,213$2,772$2,385$2,047$1,299
15 years$3,429$2,935$2,503$2,127$1,802$1,100
16 years$3,181$2,693$2,269$1,904$1,593$934
17 years$2,963$2,480$2,065$1,711$1,412$795
18 years$2,769$2,291$1,885$1,542$1,256$678
19 years$2,596$2,124$1,725$1,393$1,119$580
20 years$2,440$1,973$1,583$1,262$1,000$496
21 years$2,300$1,838$1,456$1,145$895$425
22 years$2,172$1,716$1,342$1,041$802$365
23 years$2,056$1,605$1,239$948$720$313
24 years$1,949$1,504$1,146$865$647$269
25 years$1,851$1,411$1,062$790$582$231
26 years$1,761$1,326$985$722$524$199
27 years$1,678$1,248$914$661$473$171
28 years$1,600$1,176$850$606$427$148
29 years$1,528$1,109$791$555$385$127
30 years$1,462$1,048$737$510$348$110
31 years$1,399$990$687$468$315$95
32 years$1,341$937$641$430$285$82
33 years$1,286$888$598$396$258$70
34 years$1,234$841$559$364$233$61
35 years$1,186$798$523$335$211$52
36 years$1,140$757$489$309$191$45
37 years$1,097$719$458$284$173$39
38 years$1,057$684$429$262$157$34
39 years$1,018$650$402$242$143$29
40 years$982$618$376$223$129$25
41 years$947$589$353$206$117$22
42 years$914$561$331$190$106$19
43 years$883$534$311$175$97$16
44 years$853$509$292$162$88$14
45 years$825$486$274$149$80$12
46 years$798$463$257$138$72$10
47 years$772$442$242$128$66$9
48 years$747$422$227$118$60$8
49 years$724$403$213$109$54$7
50 years$701$385$201$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $718,000, adding $3,352 every year, while hoping to spend $44,870 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: 57/19/24 Blend
50$718,000$718,000$718,000$718,000
51$794,694$756,640$745,511$834,640
52$828,011$745,974$722,744$851,660
53$863,223$733,281$697,711$865,153
54$900,475$718,415$670,287$878,905
55$939,927$701,221$640,346$892,953
56$981,753$681,534$607,750$907,341
57$1,026,142$659,180$572,360$922,119
58$1,073,303$633,974$534,029$937,344
59$1,123,463$605,722$492,602$953,081
60$1,176,871$574,217$447,919$969,407
61$1,233,799$539,241$399,811$986,408
62$1,294,545$500,563$348,104$1,004,181
63$1,359,437$457,939$292,614$1,022,838
64$1,428,833$411,111$233,149$1,042,505
65$1,503,125$359,806$169,511$1,063,325
66$1,582,745$303,737$101,490$1,085,461
67$1,668,164$242,600$28,869$1,109,093
68$1,759,901$176,072$0$1,134,427
69$1,858,525$103,813$0$1,174,148
70$1,964,661$25,467$0$1,224,762
71$2,078,995$0$0$1,279,222
72$2,202,280$0$0$1,350,329
73$2,335,344$0$0$1,432,872
74$2,479,095$0$0$1,522,095
75$2,634,534$0$0$1,618,627
76$2,802,759$0$0$1,723,154
77$2,984,977$0$0$1,836,435
78$3,182,516$0$0$1,959,303
79$3,396,836$0$0$2,092,673
80$3,629,542$0$0$2,237,553
81$3,882,400$0$0$2,395,051
82$4,157,352$0$0$2,566,385
83$4,456,537$0$0$2,752,897
84$4,782,306$0$0$2,956,063
85$5,137,246$0$0$3,177,506
86$5,524,205$0$0$3,419,014
87$5,946,316$0$0$3,682,554
88$6,407,031$0$0$3,970,291
89$6,910,145$0$0$4,284,610
90$7,459,839$0$0$4,628,133
91$8,060,715$0$0$5,003,750
92$8,717,840$0$0$5,414,642
93$9,436,792$0$0$5,864,310
94$10,223,713$0$0$6,356,613
95$11,085,368$0$0$6,895,795
96$12,029,205$0$0$7,486,535
97$13,063,427$0$0$8,133,982
98$14,197,067$0$0$8,843,809
99$15,440,076$0$0$9,622,264
100$16,803,412$0$0$10,476,227