Can I retire at age 51 with 720,000?

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 $720,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$59,457$58,927$58,411$57,906$57,414$57,004
2 years$29,434$28,886$28,355$27,840$27,340$26,927
3 years$19,428$18,877$18,347$17,837$17,346$16,942
4 years$14,426$13,877$13,352$12,851$12,371$11,980
5 years$11,425$10,880$10,362$9,870$9,404$9,027
6 years$9,425$8,884$8,374$7,894$7,441$7,078
7 years$7,998$7,461$6,959$6,490$6,052$5,703
8 years$6,927$6,395$5,902$5,444$5,020$4,686
9 years$6,095$5,568$5,083$4,637$4,228$3,907
10 years$5,430$4,908$4,431$3,997$3,602$3,296
11 years$4,886$4,369$3,901$3,479$3,098$2,805
12 years$4,433$3,922$3,462$3,051$2,685$2,406
13 years$4,050$3,544$3,093$2,694$2,341$2,075
14 years$3,722$3,221$2,779$2,391$2,052$1,799
15 years$3,438$2,943$2,509$2,133$1,807$1,566
16 years$3,190$2,700$2,275$1,910$1,597$1,369
17 years$2,971$2,487$2,070$1,716$1,416$1,200
18 years$2,777$2,298$1,890$1,546$1,259$1,054
19 years$2,603$2,130$1,730$1,397$1,122$928
20 years$2,447$1,979$1,588$1,265$1,002$819
21 years$2,306$1,843$1,461$1,148$897$724
22 years$2,178$1,721$1,346$1,044$804$641
23 years$2,061$1,609$1,243$951$722$568
24 years$1,954$1,508$1,149$867$649$504
25 years$1,856$1,415$1,065$792$584$448
26 years$1,766$1,330$987$724$526$398
27 years$1,682$1,252$917$663$474$354
28 years$1,605$1,179$852$607$428$315
29 years$1,533$1,113$793$557$386$281
30 years$1,466$1,051$739$511$349$250
31 years$1,403$993$689$469$316$223
32 years$1,344$940$643$431$285$199
33 years$1,289$890$600$397$258$178
34 years$1,238$844$561$365$234$159
35 years$1,189$800$524$336$212$142
36 years$1,144$759$490$309$192$127
37 years$1,100$721$459$285$174$113
38 years$1,060$685$430$263$158$101
39 years$1,021$652$403$242$143$90
40 years$984$620$377$224$130$81
41 years$950$590$354$206$118$72
42 years$917$562$332$190$107$65
43 years$885$536$312$176$97$58
44 years$855$511$292$162$88$52
45 years$827$487$275$150$80$46
46 years$800$464$258$138$73$41
47 years$774$443$242$128$66$37
48 years$749$423$228$118$60$33
49 years$726$404$214$109$54$30
50 years$703$386$201$101$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $720,000, adding $4,395 every year, while hoping to spend $38,583 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: 66/25/9 Blend
50$720,000$720,000$720,000$720,000
51$797,973$759,813$748,653$848,905
52$838,315$755,992$732,681$879,523
53$881,478$750,691$714,881$907,977
54$927,709$743,796$695,150$938,069
55$977,281$735,187$673,383$969,954
56$1,030,489$724,737$649,467$1,003,806
57$1,087,661$712,311$623,286$1,039,815
58$1,149,154$697,766$594,718$1,078,193
59$1,215,362$680,951$563,636$1,119,176
60$1,286,717$661,705$529,905$1,163,021
61$1,363,692$639,859$493,387$1,210,018
62$1,446,810$615,232$453,936$1,260,484
63$1,536,642$587,636$411,401$1,314,773
64$1,633,818$556,869$365,621$1,373,274
65$1,739,030$522,718$316,432$1,436,421
66$1,853,038$484,958$263,659$1,504,690
67$1,976,679$443,352$207,123$1,578,611
68$2,110,871$397,648$146,633$1,658,770
69$2,256,628$347,580$81,993$1,745,814
70$2,415,061$292,869$12,997$1,840,461
71$2,587,394$233,216$0$1,943,502
72$2,774,974$168,309$0$2,061,637
73$2,979,283$97,818$0$2,191,723
74$3,201,951$21,392$0$2,333,606
75$3,444,772$0$0$2,488,492
76$3,709,722$0$0$2,674,591
77$3,998,976$0$0$2,884,229
78$4,314,925$0$0$3,113,259
79$4,660,204$0$0$3,363,598
80$5,037,715$0$0$3,637,355
81$5,450,650$0$0$3,936,850
82$5,902,526$0$0$4,264,642
83$6,397,214$0$0$4,623,544
84$6,938,978$0$0$5,016,658
85$7,532,514$0$0$5,447,397
86$8,182,992$0$0$5,919,521
87$8,896,106$0$0$6,437,171
88$9,678,129$0$0$7,004,908
89$10,535,969$0$0$7,627,756
90$11,477,235$0$0$8,311,247
91$12,510,308$0$0$9,061,475
92$13,644,420$0$0$9,885,156
93$14,889,740$0$0$10,789,683
94$16,257,471$0$0$11,783,203
95$17,759,953$0$0$12,874,691
96$19,410,781$0$0$14,074,033
97$21,224,933$0$0$15,392,122
98$23,218,906$0$0$16,840,955
99$25,410,879$0$0$18,433,752
100$27,820,878$0$0$20,185,078