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%11.5%
1 years$59,540$59,009$58,492$57,987$57,494$57,131
2 years$29,475$28,926$28,394$27,878$27,378$27,012
3 years$19,455$18,903$18,373$17,862$17,370$17,012
4 years$14,446$13,896$13,371$12,868$12,388$12,042
5 years$11,441$10,895$10,376$9,884$9,417$9,083
6 years$9,439$8,896$8,386$7,904$7,452$7,129
7 years$8,009$7,471$6,968$6,499$6,060$5,751
8 years$6,937$6,404$5,910$5,452$5,027$4,730
9 years$6,104$5,576$5,090$4,644$4,234$3,949
10 years$5,438$4,915$4,438$4,003$3,607$3,335
11 years$4,893$4,375$3,907$3,484$3,103$2,842
12 years$4,439$3,927$3,467$3,056$2,689$2,440
13 years$4,056$3,549$3,098$2,698$2,345$2,108
14 years$3,727$3,226$2,783$2,395$2,055$1,830
15 years$3,443$2,947$2,513$2,136$1,810$1,595
16 years$3,194$2,704$2,278$1,912$1,599$1,396
17 years$2,975$2,490$2,073$1,718$1,418$1,225
18 years$2,781$2,301$1,893$1,548$1,261$1,078
19 years$2,607$2,133$1,733$1,399$1,124$951
20 years$2,450$1,982$1,590$1,267$1,004$840
21 years$2,309$1,846$1,463$1,150$898$744
22 years$2,181$1,723$1,348$1,046$805$659
23 years$2,064$1,611$1,245$952$723$585
24 years$1,957$1,510$1,151$869$650$520
25 years$1,859$1,417$1,066$793$585$463
26 years$1,768$1,332$989$725$527$412
27 years$1,685$1,253$918$664$475$367
28 years$1,607$1,181$854$608$428$327
29 years$1,535$1,114$794$558$387$292
30 years$1,468$1,052$740$512$350$261
31 years$1,405$995$690$470$316$233
32 years$1,346$941$644$432$286$208
33 years$1,291$891$601$397$259$186
34 years$1,240$845$561$366$234$166
35 years$1,191$801$525$337$212$149
36 years$1,145$760$491$310$192$133
37 years$1,102$722$460$286$174$119
38 years$1,061$686$430$263$158$107
39 years$1,022$653$403$243$143$96
40 years$986$621$378$224$130$86
41 years$951$591$354$207$118$77
42 years$918$563$332$191$107$69
43 years$887$536$312$176$97$61
44 years$857$511$293$162$88$55
45 years$828$488$275$150$80$49
46 years$801$465$258$139$73$44
47 years$775$444$243$128$66$40
48 years$750$424$228$118$60$36
49 years$727$405$214$109$54$32
50 years$704$387$201$101$49$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $721,000, adding $6,715 every year, while hoping to spend $58,575 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: 79/5/16 Blend
50$721,000$721,000$721,000$721,000
51$801,469$763,256$752,080$861,527
52$820,895$738,332$714,951$877,113
53$840,340$710,223$674,616$886,071
54$859,743$678,713$630,904$894,261
55$879,036$643,569$583,639$901,583
56$898,143$604,549$532,636$907,927
57$916,976$561,395$477,701$913,172
58$935,438$513,833$418,634$917,185
59$953,418$461,576$355,224$919,820
60$970,792$404,320$287,250$920,919
61$987,423$341,741$214,483$920,305
62$1,003,155$273,502$136,683$917,786
63$1,017,815$199,241$53,600$913,151
64$1,031,209$118,580$0$906,169
65$1,043,120$31,119$0$902,572
66$1,053,308$0$0$906,250
67$1,061,505$0$0$911,281
68$1,067,412$0$0$916,019
69$1,070,697$0$0$918,462
70$1,070,991$0$0$918,287
71$1,067,883$0$0$915,138
72$1,060,920$0$0$908,618
73$1,049,597$0$0$898,287
74$1,033,352$0$0$883,658
75$1,011,567$0$0$864,190
76$983,553$0$0$839,283
77$948,550$0$0$808,275
78$905,713$0$0$770,430
79$854,110$0$0$724,936
80$792,708$0$0$670,894
81$720,364$0$0$607,307
82$635,815$0$0$533,076
83$537,665$0$0$446,984
84$424,369$0$0$347,686
85$294,220$0$0$233,696
86$145,332$0$0$103,371
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0