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%15.5%
1 years$59,292$58,764$58,248$57,745$57,254$55,961
2 years$29,352$28,806$28,276$27,762$27,264$25,968
3 years$19,374$18,825$18,296$17,788$17,297$16,039
4 years$14,386$13,838$13,315$12,815$12,337$11,126
5 years$11,393$10,849$10,333$9,843$9,378$8,218
6 years$9,399$8,859$8,351$7,872$7,421$6,313
7 years$7,975$7,440$6,939$6,472$6,035$4,979
8 years$6,908$6,377$5,885$5,429$5,007$4,003
9 years$6,078$5,553$5,069$4,624$4,216$3,263
10 years$5,415$4,894$4,419$3,986$3,592$2,690
11 years$4,872$4,357$3,891$3,469$3,090$2,236
12 years$4,421$3,911$3,453$3,043$2,677$1,871
13 years$4,039$3,534$3,085$2,686$2,335$1,574
14 years$3,712$3,213$2,772$2,385$2,047$1,331
15 years$3,429$2,935$2,503$2,127$1,802$1,129
16 years$3,181$2,693$2,269$1,904$1,593$961
17 years$2,963$2,480$2,065$1,711$1,412$819
18 years$2,769$2,291$1,885$1,542$1,256$701
19 years$2,596$2,124$1,725$1,393$1,119$600
20 years$2,440$1,973$1,583$1,262$1,000$515
21 years$2,300$1,838$1,456$1,145$895$442
22 years$2,172$1,716$1,342$1,041$802$380
23 years$2,056$1,605$1,239$948$720$327
24 years$1,949$1,504$1,146$865$647$282
25 years$1,851$1,411$1,062$790$582$243
26 years$1,761$1,326$985$722$524$210
27 years$1,678$1,248$914$661$473$181
28 years$1,600$1,176$850$606$427$156
29 years$1,528$1,109$791$555$385$135
30 years$1,462$1,048$737$510$348$117
31 years$1,399$990$687$468$315$101
32 years$1,341$937$641$430$285$87
33 years$1,286$888$598$396$258$75
34 years$1,234$841$559$364$233$65
35 years$1,186$798$523$335$211$56
36 years$1,140$757$489$309$191$49
37 years$1,097$719$458$284$173$42
38 years$1,057$684$429$262$157$36
39 years$1,018$650$402$242$143$32
40 years$982$618$376$223$129$27
41 years$947$589$353$206$117$24
42 years$914$561$331$190$106$20
43 years$883$534$311$175$97$18
44 years$853$509$292$162$88$15
45 years$825$486$274$149$80$13
46 years$798$463$257$138$72$11
47 years$772$442$242$128$66$10
48 years$747$422$227$118$60$9
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 $6,245 every year, while hoping to spend $21,282 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: 71/8/21 Blend
50$718,000$718,000$718,000$718,000
51$797,678$759,624$748,495$849,779
52$856,397$774,201$750,925$899,898
53$920,392$788,780$752,724$951,643
54$990,179$803,337$753,848$1,007,772
55$1,066,326$817,849$754,250$1,068,719
56$1,149,456$832,289$753,882$1,134,960
57$1,240,259$846,629$752,695$1,207,018
58$1,339,490$860,839$750,635$1,285,474
59$1,447,984$874,886$747,647$1,370,963
60$1,566,658$888,734$743,673$1,464,190
61$1,696,522$902,348$738,652$1,565,927
62$1,838,690$915,685$732,519$1,677,029
63$1,994,386$928,704$725,208$1,798,435
64$2,164,960$941,357$716,649$1,931,184
65$2,351,897$953,595$706,768$2,076,416
66$2,556,835$965,365$695,489$2,235,392
67$2,781,575$976,611$682,731$2,409,500
68$3,028,103$987,272$668,410$2,600,269
69$3,298,605$997,284$652,437$2,809,387
70$3,595,490$1,006,578$634,721$3,038,711
71$3,921,411$1,015,081$615,165$3,290,291
72$4,279,289$1,022,715$593,668$3,566,385
73$4,672,345$1,029,396$570,124$3,869,481
74$5,104,125$1,035,037$544,423$4,202,324
75$5,578,535$1,039,543$516,451$4,567,937
76$6,099,879$1,042,814$486,086$4,969,652
77$6,672,899$1,044,745$453,202$5,411,145
78$7,302,818$1,045,220$417,667$5,896,463
79$7,995,391$1,044,122$379,345$6,430,069
80$8,756,959$1,041,322$338,091$7,016,884
81$9,594,507$1,036,684$293,755$7,662,328
82$10,515,731$1,030,067$246,180$8,372,378
83$11,529,112$1,021,316$195,203$9,153,620
84$12,643,992$1,010,271$140,653$10,013,314
85$13,870,665$996,760$82,351$10,959,461
86$15,220,474$980,603$20,111$12,000,880
87$16,705,916$961,606$0$13,147,291
88$18,340,762$939,567$0$14,419,783
89$20,140,183$914,269$0$15,825,272
90$22,120,898$885,485$0$17,372,307
91$24,301,327$852,972$0$19,075,281
92$26,701,770$816,475$0$20,950,053
93$29,344,592$775,723$0$23,014,100
94$32,254,438$730,431$0$25,286,681
95$35,458,464$680,296$0$27,789,017
96$38,986,594$624,997$0$30,544,494
97$42,871,801$564,196$0$33,578,882
98$47,150,420$497,537$0$36,920,580
99$51,862,487$424,640$0$40,600,881
100$57,052,121$345,108$0$44,654,270