Can I retire at age 51 with 718,000?

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 $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%11.6%
1 years$59,292$58,764$58,248$57,745$57,254$56,870
2 years$29,352$28,806$28,276$27,762$27,264$26,876
3 years$19,374$18,825$18,296$17,788$17,297$16,918
4 years$14,386$13,838$13,315$12,815$12,337$11,969
5 years$11,393$10,849$10,333$9,843$9,378$9,023
6 years$9,399$8,859$8,351$7,872$7,421$7,079
7 years$7,975$7,440$6,939$6,472$6,035$5,707
8 years$6,908$6,377$5,885$5,429$5,007$4,692
9 years$6,078$5,553$5,069$4,624$4,216$3,915
10 years$5,415$4,894$4,419$3,986$3,592$3,304
11 years$4,872$4,357$3,891$3,469$3,090$2,814
12 years$4,421$3,911$3,453$3,043$2,677$2,414
13 years$4,039$3,534$3,085$2,686$2,335$2,084
14 years$3,712$3,213$2,772$2,385$2,047$1,808
15 years$3,429$2,935$2,503$2,127$1,802$1,575
16 years$3,181$2,693$2,269$1,904$1,593$1,377
17 years$2,963$2,480$2,065$1,711$1,412$1,208
18 years$2,769$2,291$1,885$1,542$1,256$1,062
19 years$2,596$2,124$1,725$1,393$1,119$936
20 years$2,440$1,973$1,583$1,262$1,000$827
21 years$2,300$1,838$1,456$1,145$895$731
22 years$2,172$1,716$1,342$1,041$802$648
23 years$2,056$1,605$1,239$948$720$575
24 years$1,949$1,504$1,146$865$647$510
25 years$1,851$1,411$1,062$790$582$454
26 years$1,761$1,326$985$722$524$404
27 years$1,678$1,248$914$661$473$359
28 years$1,600$1,176$850$606$427$320
29 years$1,528$1,109$791$555$385$285
30 years$1,462$1,048$737$510$348$255
31 years$1,399$990$687$468$315$227
32 years$1,341$937$641$430$285$203
33 years$1,286$888$598$396$258$181
34 years$1,234$841$559$364$233$162
35 years$1,186$798$523$335$211$145
36 years$1,140$757$489$309$191$129
37 years$1,097$719$458$284$173$116
38 years$1,057$684$429$262$157$103
39 years$1,018$650$402$242$143$93
40 years$982$618$376$223$129$83
41 years$947$589$353$206$117$74
42 years$914$561$331$190$106$66
43 years$883$534$311$175$97$59
44 years$853$509$292$162$88$53
45 years$825$486$274$149$80$48
46 years$798$463$257$138$72$43
47 years$772$442$242$128$66$38
48 years$747$422$227$118$60$34
49 years$724$403$213$109$54$31
50 years$701$385$201$101$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $718,000, adding $4,553 every year, while hoping to spend $41,310 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: 41/46/13 Blend
50$718,000$718,000$718,000$718,000
51$795,932$757,878$746,749$825,332
52$833,164$751,061$727,812$839,663
53$872,809$742,525$706,856$850,735
54$915,069$732,142$683,769$861,816
55$960,167$719,778$658,436$872,923
56$1,008,345$705,288$630,735$884,082
57$1,059,870$688,521$600,538$895,321
58$1,115,033$669,316$567,713$906,679
59$1,174,156$647,501$532,121$918,198
60$1,237,589$622,898$493,616$929,931
61$1,305,717$595,314$452,046$941,940
62$1,378,965$564,549$407,254$954,297
63$1,457,796$530,388$359,073$967,086
64$1,542,720$492,606$307,331$980,407
65$1,634,297$450,964$251,847$994,373
66$1,733,143$405,209$192,432$1,009,115
67$1,839,934$355,075$128,889$1,024,783
68$1,955,414$300,279$61,013$1,041,550
69$2,080,398$240,525$0$1,059,612
70$2,215,784$175,497$0$1,080,778
71$2,362,561$104,863$0$1,112,852
72$2,521,813$28,271$0$1,147,683
73$2,694,734$0$0$1,185,631
74$2,882,637$0$0$1,254,764
75$3,086,967$0$0$1,345,583
76$3,309,314$0$0$1,444,494
77$3,551,425$0$0$1,552,287
78$3,815,226$0$0$1,669,830
79$4,102,833$0$0$1,798,076
80$4,416,577$0$0$1,938,079
81$4,759,023$0$0$2,090,994
82$5,132,996$0$0$2,258,097
83$5,541,604$0$0$2,440,790
84$5,988,268$0$0$2,640,616
85$6,476,757$0$0$2,859,278
86$7,011,218$0$0$3,098,646
87$7,596,221$0$0$3,360,783
88$8,236,794$0$0$3,647,960
89$8,938,477$0$0$3,962,676
90$9,707,370$0$0$4,307,686
91$10,550,191$0$0$4,686,023
92$11,474,339$0$0$5,101,028
93$12,487,962$0$0$5,556,379
94$13,600,038$0$0$6,056,130
95$14,820,451$0$0$6,604,745
96$16,160,093$0$0$7,207,142
97$17,630,959$0$0$7,868,738
98$19,246,263$0$0$8,595,500
99$21,020,562$0$0$9,394,003
100$22,969,892$0$0$10,271,489