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%16.3%
1 years$59,457$58,927$58,411$57,906$57,414$55,935
2 years$29,434$28,886$28,355$27,840$27,340$25,860
3 years$19,428$18,877$18,347$17,837$17,346$15,911
4 years$14,426$13,877$13,352$12,851$12,371$10,992
5 years$11,425$10,880$10,362$9,870$9,404$8,085
6 years$9,425$8,884$8,374$7,894$7,441$6,184
7 years$7,998$7,461$6,959$6,490$6,052$4,855
8 years$6,927$6,395$5,902$5,444$5,020$3,885
9 years$6,095$5,568$5,083$4,637$4,228$3,152
10 years$5,430$4,908$4,431$3,997$3,602$2,585
11 years$4,886$4,369$3,901$3,479$3,098$2,138
12 years$4,433$3,922$3,462$3,051$2,685$1,780
13 years$4,050$3,544$3,093$2,694$2,341$1,490
14 years$3,722$3,221$2,779$2,391$2,052$1,252
15 years$3,438$2,943$2,509$2,133$1,807$1,056
16 years$3,190$2,700$2,275$1,910$1,597$894
17 years$2,971$2,487$2,070$1,716$1,416$758
18 years$2,777$2,298$1,890$1,546$1,259$644
19 years$2,603$2,130$1,730$1,397$1,122$549
20 years$2,447$1,979$1,588$1,265$1,002$468
21 years$2,306$1,843$1,461$1,148$897$399
22 years$2,178$1,721$1,346$1,044$804$341
23 years$2,061$1,609$1,243$951$722$292
24 years$1,954$1,508$1,149$867$649$250
25 years$1,856$1,415$1,065$792$584$214
26 years$1,766$1,330$987$724$526$183
27 years$1,682$1,252$917$663$474$157
28 years$1,605$1,179$852$607$428$135
29 years$1,533$1,113$793$557$386$116
30 years$1,466$1,051$739$511$349$99
31 years$1,403$993$689$469$316$85
32 years$1,344$940$643$431$285$73
33 years$1,289$890$600$397$258$63
34 years$1,238$844$561$365$234$54
35 years$1,189$800$524$336$212$46
36 years$1,144$759$490$309$192$40
37 years$1,100$721$459$285$174$34
38 years$1,060$685$430$263$158$29
39 years$1,021$652$403$242$143$25
40 years$984$620$377$224$130$22
41 years$950$590$354$206$118$19
42 years$917$562$332$190$107$16
43 years$885$536$312$176$97$14
44 years$855$511$292$162$88$12
45 years$827$487$275$150$80$10
46 years$800$464$258$138$73$9
47 years$774$443$242$128$66$8
48 years$749$423$228$118$60$6
49 years$726$404$214$109$54$6
50 years$703$386$201$101$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $720,000, adding $4,233 every year, while hoping to spend $21,746 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: 41/36/23 Blend
50$720,000$720,000$720,000$720,000
51$797,806$759,646$748,486$824,963
52$856,045$773,731$750,423$858,904
53$919,495$787,778$751,696$893,228
54$988,666$801,761$752,259$929,945
55$1,064,116$815,653$752,066$969,288
56$1,146,462$829,427$751,067$1,011,511
57$1,236,382$843,050$749,209$1,056,897
58$1,334,624$856,490$746,438$1,105,758
59$1,442,008$869,710$742,696$1,158,439
60$1,559,439$882,673$737,923$1,215,318
61$1,687,915$895,336$732,056$1,276,816
62$1,828,531$907,657$725,029$1,343,397
63$1,982,497$919,588$716,773$1,415,571
64$2,151,142$931,078$707,215$1,493,904
65$2,335,931$942,073$696,280$1,579,020
66$2,538,478$952,517$683,887$1,671,606
67$2,760,559$962,347$669,954$1,772,423
68$3,004,133$971,498$654,394$1,882,309
69$3,271,353$979,901$637,115$2,002,191
70$3,564,596$987,480$618,023$2,133,091
71$3,886,475$994,158$597,018$2,276,136
72$4,239,873$999,848$573,994$2,432,573
73$4,627,961$1,004,462$548,845$2,603,774
74$5,054,237$1,007,905$521,455$2,791,257
75$5,522,551$1,010,074$491,705$2,996,695
76$6,037,145$1,010,862$459,472$3,221,935
77$6,602,694$1,010,154$424,624$3,469,014
78$7,224,347$1,007,829$387,027$3,740,180
79$7,907,775$1,003,758$346,537$4,037,914
80$8,659,230$997,803$303,008$4,364,953
81$9,485,595$989,820$256,283$4,724,317
82$10,394,459$979,654$206,201$5,119,337
83$11,394,179$967,142$152,594$5,553,686
84$12,493,964$952,111$95,284$6,031,420
85$13,703,960$934,377$34,089$6,557,009
86$15,035,348$913,745$0$7,135,386
87$16,500,446$890,011$0$7,779,652
88$18,112,825$862,955$0$8,497,572
89$19,887,442$832,348$0$9,287,441
90$21,840,773$797,945$0$10,156,611
91$23,990,975$759,488$0$11,113,189
92$26,358,055$716,704$0$12,166,109
93$28,964,057$669,303$0$13,325,223
94$31,833,272$616,980$0$14,601,389
95$34,992,466$559,412$0$16,006,579
96$38,471,132$496,257$0$17,553,988
97$42,301,769$427,155$0$19,258,164
98$46,520,188$351,724$0$21,135,143
99$51,165,850$269,562$0$23,202,601
100$56,282,239$180,243$0$25,480,023