Can I retire at age 51 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$59,540$59,009$58,492$57,987$57,494$55,631
2 years$29,475$28,926$28,394$27,878$27,378$25,519
3 years$19,455$18,903$18,373$17,862$17,370$15,572
4 years$14,446$13,896$13,371$12,868$12,388$10,667
5 years$11,441$10,895$10,376$9,884$9,417$7,776
6 years$9,439$8,896$8,386$7,904$7,452$5,892
7 years$8,009$7,471$6,968$6,499$6,060$4,582
8 years$6,937$6,404$5,910$5,452$5,027$3,630
9 years$6,104$5,576$5,090$4,644$4,234$2,915
10 years$5,438$4,915$4,438$4,003$3,607$2,365
11 years$4,893$4,375$3,907$3,484$3,103$1,935
12 years$4,439$3,927$3,467$3,056$2,689$1,593
13 years$4,056$3,549$3,098$2,698$2,345$1,318
14 years$3,727$3,226$2,783$2,395$2,055$1,095
15 years$3,443$2,947$2,513$2,136$1,810$913
16 years$3,194$2,704$2,278$1,912$1,599$763
17 years$2,975$2,490$2,073$1,718$1,418$639
18 years$2,781$2,301$1,893$1,548$1,261$536
19 years$2,607$2,133$1,733$1,399$1,124$451
20 years$2,450$1,982$1,590$1,267$1,004$379
21 years$2,309$1,846$1,463$1,150$898$320
22 years$2,181$1,723$1,348$1,046$805$270
23 years$2,064$1,611$1,245$952$723$228
24 years$1,957$1,510$1,151$869$650$192
25 years$1,859$1,417$1,066$793$585$162
26 years$1,768$1,332$989$725$527$137
27 years$1,685$1,253$918$664$475$116
28 years$1,607$1,181$854$608$428$98
29 years$1,535$1,114$794$558$387$83
30 years$1,468$1,052$740$512$350$70
31 years$1,405$995$690$470$316$60
32 years$1,346$941$644$432$286$50
33 years$1,291$891$601$397$259$43
34 years$1,240$845$561$366$234$36
35 years$1,191$801$525$337$212$31
36 years$1,145$760$491$310$192$26
37 years$1,102$722$460$286$174$22
38 years$1,061$686$430$263$158$19
39 years$1,022$653$403$243$143$16
40 years$986$621$378$224$130$13
41 years$951$591$354$207$118$11
42 years$918$563$332$191$107$10
43 years$887$536$312$176$97$8
44 years$857$511$293$162$88$7
45 years$828$488$275$150$80$6
46 years$801$465$258$139$73$5
47 years$775$444$243$128$66$4
48 years$750$424$228$118$60$4
49 years$727$405$214$109$54$3
50 years$704$387$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $721,000, adding $3,665 every year, while hoping to spend $24,826 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: 38/32/30 Blend
50$721,000$721,000$721,000$721,000
51$798,322$760,109$748,934$821,422
52$853,337$770,940$747,609$849,632
53$913,130$781,469$745,407$877,577
54$978,165$791,656$742,273$907,314
55$1,048,947$801,457$738,149$939,023
56$1,126,036$810,825$732,973$972,903
57$1,210,046$819,710$726,682$1,009,176
58$1,301,654$828,059$719,209$1,048,086
59$1,401,603$835,814$710,483$1,089,903
60$1,510,714$842,916$700,431$1,134,928
61$1,629,887$849,300$688,976$1,183,493
62$1,760,116$854,896$676,037$1,235,966
63$1,902,494$859,632$661,531$1,292,753
64$2,058,224$863,429$645,367$1,354,305
65$2,228,631$866,205$627,455$1,421,121
66$2,415,174$867,873$607,698$1,493,752
67$2,619,460$868,337$585,995$1,572,809
68$2,843,259$867,499$562,239$1,658,966
69$3,088,519$865,254$536,321$1,752,969
70$3,357,385$861,488$508,125$1,855,644
71$3,652,221$856,084$477,531$1,967,904
72$3,975,631$848,916$444,411$2,090,756
73$4,330,481$839,849$408,635$2,225,317
74$4,719,931$828,741$370,064$2,372,819
75$5,147,457$815,444$328,555$2,534,622
76$5,616,894$799,796$283,958$2,712,233
77$6,132,461$781,631$236,115$2,907,314
78$6,698,810$760,768$184,863$3,121,700
79$7,321,063$737,020$130,029$3,357,422
80$8,004,863$710,186$71,437$3,616,720
81$8,756,428$680,053$8,899$3,902,069
82$9,582,607$646,400$0$4,216,201
83$10,490,947$608,987$0$4,580,649
84$11,489,761$567,565$0$4,984,473
85$12,588,209$521,868$0$5,428,569
86$13,796,384$471,617$0$5,917,067
87$15,125,404$416,515$0$6,454,525
88$16,587,521$356,250$0$7,045,966
89$18,196,232$290,490$0$7,696,931
90$19,966,410$218,887$0$8,413,532
91$21,914,443$141,071$0$9,202,505
92$24,058,386$56,653$0$10,071,280
93$26,418,134$0$0$11,028,050
94$29,015,609$0$0$12,094,095
95$31,874,966$0$0$13,289,700
96$35,022,819$0$0$14,606,060
97$38,488,497$0$0$16,055,454
98$42,304,314$0$0$17,651,413
99$46,505,879$0$0$19,408,846
100$51,132,430$0$0$21,344,183