Can I retire at age 51 with 721,000?

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 $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%17.7%
1 years$59,540$59,009$58,492$57,987$57,494$55,698
2 years$29,475$28,926$28,394$27,878$27,378$25,585
3 years$19,455$18,903$18,373$17,862$17,370$15,635
4 years$14,446$13,896$13,371$12,868$12,388$10,726
5 years$11,441$10,895$10,376$9,884$9,417$7,832
6 years$9,439$8,896$8,386$7,904$7,452$5,944
7 years$8,009$7,471$6,968$6,499$6,060$4,630
8 years$6,937$6,404$5,910$5,452$5,027$3,674
9 years$6,104$5,576$5,090$4,644$4,234$2,956
10 years$5,438$4,915$4,438$4,003$3,607$2,403
11 years$4,893$4,375$3,907$3,484$3,103$1,970
12 years$4,439$3,927$3,467$3,056$2,689$1,625
13 years$4,056$3,549$3,098$2,698$2,345$1,347
14 years$3,727$3,226$2,783$2,395$2,055$1,121
15 years$3,443$2,947$2,513$2,136$1,810$937
16 years$3,194$2,704$2,278$1,912$1,599$785
17 years$2,975$2,490$2,073$1,718$1,418$659
18 years$2,781$2,301$1,893$1,548$1,261$554
19 years$2,607$2,133$1,733$1,399$1,124$467
20 years$2,450$1,982$1,590$1,267$1,004$394
21 years$2,309$1,846$1,463$1,150$898$333
22 years$2,181$1,723$1,348$1,046$805$281
23 years$2,064$1,611$1,245$952$723$238
24 years$1,957$1,510$1,151$869$650$201
25 years$1,859$1,417$1,066$793$585$171
26 years$1,768$1,332$989$725$527$145
27 years$1,685$1,253$918$664$475$123
28 years$1,607$1,181$854$608$428$104
29 years$1,535$1,114$794$558$387$88
30 years$1,468$1,052$740$512$350$75
31 years$1,405$995$690$470$316$63
32 years$1,346$941$644$432$286$54
33 years$1,291$891$601$397$259$46
34 years$1,240$845$561$366$234$39
35 years$1,191$801$525$337$212$33
36 years$1,145$760$491$310$192$28
37 years$1,102$722$460$286$174$24
38 years$1,061$686$430$263$158$20
39 years$1,022$653$403$243$143$17
40 years$986$621$378$224$130$15
41 years$951$591$354$207$118$12
42 years$918$563$332$191$107$11
43 years$887$536$312$176$97$9
44 years$857$511$293$162$88$8
45 years$828$488$275$150$80$6
46 years$801$465$258$139$73$5
47 years$775$444$243$128$66$5
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 $5,710 every year, while hoping to spend $50,687 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: 78/13/9 Blend
50$721,000$721,000$721,000$721,000
51$800,432$762,219$751,043$861,297
52$828,145$745,637$722,273$885,502
53$856,987$726,544$690,839$904,917
54$887,018$704,763$656,601$924,731
55$918,304$680,107$619,408$944,963
56$950,918$652,378$579,104$965,631
57$984,934$621,368$535,527$986,760
58$1,020,437$586,854$488,507$1,008,373
59$1,057,515$548,603$437,865$1,030,498
60$1,096,263$506,367$383,416$1,053,169
61$1,136,787$459,885$324,965$1,076,419
62$1,179,199$408,878$262,311$1,100,291
63$1,223,620$353,056$195,241$1,124,829
64$1,270,183$292,109$123,535$1,150,084
65$1,319,030$225,711$46,962$1,176,113
66$1,370,317$153,517$0$1,202,981
67$1,424,213$75,163$0$1,234,097
68$1,480,902$0$0$1,271,236
69$1,540,582$0$0$1,311,390
70$1,603,471$0$0$1,365,043
71$1,669,807$0$0$1,421,646
72$1,739,846$0$0$1,481,418
73$1,813,870$0$0$1,544,603
74$1,892,186$0$0$1,611,463
75$1,975,130$0$0$1,682,286
76$2,063,066$0$0$1,757,386
77$2,156,397$0$0$1,837,107
78$2,255,558$0$0$1,921,824
79$2,361,029$0$0$2,011,948
80$2,473,333$0$0$2,107,929
81$2,593,044$0$0$2,210,259
82$2,720,789$0$0$2,319,477
83$2,857,257$0$0$2,436,174
84$3,003,201$0$0$2,560,998
85$3,159,449$0$0$2,694,659
86$3,326,906$0$0$2,837,935
87$3,506,568$0$0$2,991,680
88$3,699,525$0$0$3,156,831
89$3,906,975$0$0$3,334,419
90$4,130,234$0$0$3,525,571
91$4,370,744$0$0$3,731,529
92$4,630,092$0$0$3,953,654
93$4,910,019$0$0$4,193,444
94$5,212,441$0$0$4,452,542
95$5,539,459$0$0$4,732,757
96$5,893,388$0$0$5,036,074
97$6,276,767$0$0$5,364,678
98$6,692,392$0$0$5,720,969
99$7,143,336$0$0$6,107,589
100$7,632,978$0$0$6,527,440