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%13.9%
1 years$59,292$58,764$58,248$57,745$57,254$56,329
2 years$29,352$28,806$28,276$27,762$27,264$26,334
3 years$19,374$18,825$18,296$17,788$17,297$16,392
4 years$14,386$13,838$13,315$12,815$12,337$11,463
5 years$11,393$10,849$10,333$9,843$9,378$8,539
6 years$9,399$8,859$8,351$7,872$7,421$6,616
7 years$7,975$7,440$6,939$6,472$6,035$5,266
8 years$6,908$6,377$5,885$5,429$5,007$4,272
9 years$6,078$5,553$5,069$4,624$4,216$3,517
10 years$5,415$4,894$4,419$3,986$3,592$2,927
11 years$4,872$4,357$3,891$3,469$3,090$2,458
12 years$4,421$3,911$3,453$3,043$2,677$2,078
13 years$4,039$3,534$3,085$2,686$2,335$1,767
14 years$3,712$3,213$2,772$2,385$2,047$1,510
15 years$3,429$2,935$2,503$2,127$1,802$1,295
16 years$3,181$2,693$2,269$1,904$1,593$1,115
17 years$2,963$2,480$2,065$1,711$1,412$962
18 years$2,769$2,291$1,885$1,542$1,256$832
19 years$2,596$2,124$1,725$1,393$1,119$721
20 years$2,440$1,973$1,583$1,262$1,000$626
21 years$2,300$1,838$1,456$1,145$895$544
22 years$2,172$1,716$1,342$1,041$802$474
23 years$2,056$1,605$1,239$948$720$413
24 years$1,949$1,504$1,146$865$647$360
25 years$1,851$1,411$1,062$790$582$315
26 years$1,761$1,326$985$722$524$275
27 years$1,678$1,248$914$661$473$240
28 years$1,600$1,176$850$606$427$210
29 years$1,528$1,109$791$555$385$184
30 years$1,462$1,048$737$510$348$161
31 years$1,399$990$687$468$315$141
32 years$1,341$937$641$430$285$124
33 years$1,286$888$598$396$258$108
34 years$1,234$841$559$364$233$95
35 years$1,186$798$523$335$211$83
36 years$1,140$757$489$309$191$73
37 years$1,097$719$458$284$173$64
38 years$1,057$684$429$262$157$56
39 years$1,018$650$402$242$143$49
40 years$982$618$376$223$129$43
41 years$947$589$353$206$117$38
42 years$914$561$331$190$106$33
43 years$883$534$311$175$97$29
44 years$853$509$292$162$88$26
45 years$825$486$274$149$80$22
46 years$798$463$257$138$72$20
47 years$772$442$242$128$66$17
48 years$747$422$227$118$60$15
49 years$724$403$213$109$54$13
50 years$701$385$201$101$49$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $718,000, adding $4,385 every year, while hoping to spend $41,291 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: 84/7/9 Blend
50$718,000$718,000$718,000$718,000
51$795,759$757,705$746,576$861,283
52$832,993$750,899$727,653$897,954
53$872,641$742,376$706,712$932,209
54$914,906$732,008$683,642$968,557
55$960,009$719,659$658,327$1,007,182
56$1,008,194$705,187$630,645$1,048,289
57$1,059,727$688,438$600,469$1,092,099
58$1,114,901$669,253$567,666$1,138,861
59$1,174,035$647,460$532,097$1,188,846
60$1,237,482$622,881$493,618$1,242,351
61$1,305,626$595,323$452,075$1,299,707
62$1,378,892$564,586$407,311$1,361,275
63$1,457,743$530,455$359,161$1,427,456
64$1,542,691$492,706$307,451$1,498,688
65$1,634,296$451,099$252,001$1,575,457
66$1,733,174$405,382$192,622$1,658,296
67$1,840,000$355,288$129,118$1,747,795
68$1,955,519$300,537$61,282$1,844,602
69$2,080,548$240,829$0$1,949,431
70$2,215,986$175,851$0$2,064,138
71$2,362,819$105,271$0$2,194,874
72$2,522,135$28,737$0$2,336,727
73$2,695,128$0$0$2,490,777
74$2,883,111$0$0$2,662,378
75$3,087,531$0$0$2,851,402
76$3,309,978$0$0$3,057,107
77$3,552,201$0$0$3,281,111
78$3,816,125$0$0$3,525,198
79$4,103,871$0$0$3,791,328
80$4,417,769$0$0$4,081,659
81$4,760,387$0$0$4,398,569
82$5,134,550$0$0$4,744,671
83$5,543,369$0$0$5,122,846
84$5,990,268$0$0$5,536,262
85$6,479,017$0$0$5,988,410
86$7,013,767$0$0$6,483,131
87$7,599,089$0$0$7,024,657
88$8,240,017$0$0$7,617,647
89$8,942,092$0$0$8,267,230
90$9,711,420$0$0$8,979,057
91$10,554,722$0$0$9,759,350
92$11,479,401$0$0$10,614,963
93$12,493,613$0$0$11,553,443
94$13,606,340$0$0$12,583,105
95$14,827,473$0$0$13,713,105
96$16,167,910$0$0$14,953,530
97$17,639,655$0$0$16,315,493
98$19,255,930$0$0$17,811,231
99$21,031,302$0$0$19,454,229
100$22,981,817$0$0$21,259,340