Can I retire at age 51 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$59,705$59,173$58,654$58,148$57,653$57,122
2 years$29,557$29,006$28,473$27,956$27,454$26,919
3 years$19,509$18,956$18,424$17,911$17,418$16,896
4 years$14,486$13,935$13,408$12,904$12,423$11,917
5 years$11,473$10,925$10,405$9,912$9,443$8,956
6 years$9,465$8,921$8,409$7,926$7,472$7,003
7 years$8,031$7,492$6,988$6,517$6,077$5,627
8 years$6,956$6,422$5,926$5,467$5,041$4,610
9 years$6,121$5,591$5,104$4,656$4,246$3,833
10 years$5,453$4,929$4,450$4,014$3,617$3,224
11 years$4,906$4,388$3,918$3,493$3,111$2,736
12 years$4,452$3,938$3,477$3,064$2,696$2,338
13 years$4,067$3,559$3,106$2,705$2,351$2,011
14 years$3,738$3,235$2,791$2,401$2,061$1,738
15 years$3,452$2,955$2,520$2,142$1,815$1,508
16 years$3,203$2,711$2,285$1,918$1,604$1,313
17 years$2,983$2,497$2,079$1,723$1,422$1,147
18 years$2,788$2,307$1,898$1,553$1,264$1,004
19 years$2,614$2,138$1,737$1,403$1,127$881
20 years$2,457$1,987$1,594$1,271$1,007$775
21 years$2,316$1,851$1,467$1,153$901$682
22 years$2,187$1,728$1,352$1,049$807$602
23 years$2,070$1,616$1,248$955$725$531
24 years$1,963$1,514$1,154$871$651$470
25 years$1,864$1,421$1,069$795$586$415
26 years$1,773$1,335$992$727$528$368
27 years$1,689$1,257$921$666$476$326
28 years$1,611$1,184$856$610$430$289
29 years$1,539$1,117$796$559$388$256
30 years$1,472$1,055$742$513$350$228
31 years$1,409$997$692$471$317$202
32 years$1,350$944$645$433$287$180
33 years$1,295$894$603$398$259$160
34 years$1,243$847$563$367$235$142
35 years$1,194$803$526$337$213$126
36 years$1,148$763$492$311$193$112
37 years$1,105$724$461$286$175$100
38 years$1,064$688$432$264$158$89
39 years$1,025$655$404$243$144$79
40 years$988$623$379$224$130$70
41 years$954$593$355$207$118$63
42 years$920$565$333$191$107$56
43 years$889$538$313$176$97$50
44 years$859$513$294$163$88$44
45 years$830$489$276$150$80$39
46 years$803$466$259$139$73$35
47 years$777$445$243$128$66$31
48 years$752$425$229$119$60$28
49 years$729$406$215$110$55$25
50 years$706$388$202$101$50$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $723,000, adding $3,554 every year, while hoping to spend $53,102 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: 84/5/11 Blend
50$723,000$723,000$723,000$723,000
51$800,412$762,093$750,886$865,925
52$825,554$742,935$719,541$890,154
53$851,480$721,059$685,366$909,285
54$878,216$696,276$648,210$928,678
55$905,784$668,384$607,916$948,328
56$934,212$637,172$564,318$968,228
57$963,524$602,416$517,245$988,372
58$993,748$563,879$466,517$1,008,752
59$1,024,911$521,309$411,946$1,029,359
60$1,057,041$474,442$353,336$1,050,183
61$1,090,167$422,998$290,481$1,071,213
62$1,124,320$366,681$223,167$1,092,437
63$1,159,529$305,177$151,172$1,113,842
64$1,195,826$238,156$74,261$1,135,412
65$1,233,243$165,268$0$1,157,133
66$1,271,814$86,146$0$1,179,903
67$1,311,571$399$0$1,212,148
68$1,352,549$0$0$1,245,152
69$1,394,784$0$0$1,284,009
70$1,438,311$0$0$1,324,077
71$1,483,168$0$0$1,365,369
72$1,529,392$0$0$1,407,919
73$1,577,021$0$0$1,451,763
74$1,626,095$0$0$1,496,936
75$1,676,654$0$0$1,543,475
76$1,728,737$0$0$1,591,418
77$1,782,386$0$0$1,640,802
78$1,837,644$0$0$1,691,665
79$1,894,551$0$0$1,744,047
80$1,953,151$0$0$1,797,986
81$2,013,486$0$0$1,853,522
82$2,075,602$0$0$1,910,696
83$2,139,540$0$0$1,969,547
84$2,205,345$0$0$2,030,115
85$2,273,061$0$0$2,092,441
86$2,342,730$0$0$2,156,565
87$2,414,398$0$0$2,222,527
88$2,488,106$0$0$2,290,365
89$2,563,897$0$0$2,360,119
90$2,641,811$0$0$2,431,826
91$2,721,889$0$0$2,505,523
92$2,804,169$0$0$2,581,245
93$2,888,688$0$0$2,659,025
94$2,975,481$0$0$2,738,896
95$3,064,580$0$0$2,820,886
96$3,156,012$0$0$2,905,021
97$3,249,805$0$0$2,991,325
98$3,345,978$0$0$3,079,817
99$3,444,549$0$0$3,170,512
100$3,545,529$0$0$3,263,418