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%14.2%
1 years$59,705$59,173$58,654$58,148$57,653$56,651
2 years$29,557$29,006$28,473$27,956$27,454$26,448
3 years$19,509$18,956$18,424$17,911$17,418$16,439
4 years$14,486$13,935$13,408$12,904$12,423$11,478
5 years$11,473$10,925$10,405$9,912$9,443$8,536
6 years$9,465$8,921$8,409$7,926$7,472$6,604
7 years$8,031$7,492$6,988$6,517$6,077$5,247
8 years$6,956$6,422$5,926$5,467$5,041$4,250
9 years$6,121$5,591$5,104$4,656$4,246$3,492
10 years$5,453$4,929$4,450$4,014$3,617$2,901
11 years$4,906$4,388$3,918$3,493$3,111$2,431
12 years$4,452$3,938$3,477$3,064$2,696$2,052
13 years$4,067$3,559$3,106$2,705$2,351$1,742
14 years$3,738$3,235$2,791$2,401$2,061$1,485
15 years$3,452$2,955$2,520$2,142$1,815$1,271
16 years$3,203$2,711$2,285$1,918$1,604$1,092
17 years$2,983$2,497$2,079$1,723$1,422$940
18 years$2,788$2,307$1,898$1,553$1,264$811
19 years$2,614$2,138$1,737$1,403$1,127$702
20 years$2,457$1,987$1,594$1,271$1,007$608
21 years$2,316$1,851$1,467$1,153$901$527
22 years$2,187$1,728$1,352$1,049$807$458
23 years$2,070$1,616$1,248$955$725$398
24 years$1,963$1,514$1,154$871$651$347
25 years$1,864$1,421$1,069$795$586$302
26 years$1,773$1,335$992$727$528$263
27 years$1,689$1,257$921$666$476$229
28 years$1,611$1,184$856$610$430$200
29 years$1,539$1,117$796$559$388$175
30 years$1,472$1,055$742$513$350$153
31 years$1,409$997$692$471$317$133
32 years$1,350$944$645$433$287$117
33 years$1,295$894$603$398$259$102
34 years$1,243$847$563$367$235$89
35 years$1,194$803$526$337$213$78
36 years$1,148$763$492$311$193$68
37 years$1,105$724$461$286$175$60
38 years$1,064$688$432$264$158$52
39 years$1,025$655$404$243$144$46
40 years$988$623$379$224$130$40
41 years$954$593$355$207$118$35
42 years$920$565$333$191$107$31
43 years$889$538$313$176$97$27
44 years$859$513$294$163$88$23
45 years$830$489$276$150$80$20
46 years$803$466$259$139$73$18
47 years$777$445$243$128$66$16
48 years$752$425$229$119$60$14
49 years$729$406$215$110$55$12
50 years$706$388$202$101$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $723,000, adding $3,472 every year, while hoping to spend $31,262 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: 72/5/23 Blend
50$723,000$723,000$723,000$723,000
51$800,327$762,008$750,802$853,149
52$848,698$766,084$742,691$892,894
53$900,955$769,312$733,261$932,372
54$957,462$771,617$722,434$974,844
55$1,018,617$772,921$710,130$1,020,604
56$1,084,860$773,138$696,263$1,069,975
57$1,156,673$772,180$680,746$1,123,316
58$1,234,589$769,951$663,486$1,181,019
59$1,319,189$766,351$644,385$1,243,521
60$1,411,117$761,273$623,342$1,311,301
61$1,511,079$754,603$600,252$1,384,888
62$1,619,852$746,221$575,003$1,464,867
63$1,738,290$736,000$547,480$1,551,882
64$1,867,336$723,804$517,561$1,646,644
65$2,008,024$709,491$485,119$1,749,936
66$2,161,495$692,907$450,022$1,862,624
67$2,329,001$673,894$412,132$1,985,662
68$2,511,926$652,281$371,305$2,120,103
69$2,711,787$627,888$327,389$2,267,106
70$2,930,259$600,524$280,226$2,427,953
71$3,169,184$569,989$229,652$2,604,056
72$3,430,591$536,068$175,496$2,796,972
73$3,716,713$498,537$117,576$3,008,419
74$4,030,010$457,158$55,707$3,240,292
75$4,373,190$411,677$0$3,494,681
76$4,749,236$361,831$0$3,776,422
77$5,161,434$307,335$0$4,100,277
78$5,613,400$247,895$0$4,455,417
79$6,109,120$183,195$0$4,844,986
80$6,652,984$112,905$0$5,272,449
81$7,249,824$36,673$0$5,741,623
82$7,904,966$0$0$6,256,713
83$8,624,276$0$0$6,824,876
84$9,414,215$0$0$7,451,079
85$10,281,902$0$0$8,138,952
86$11,235,177$0$0$8,894,716
87$12,282,678$0$0$9,725,224
88$13,433,922$0$0$10,638,026
89$14,699,392$0$0$11,641,441
90$16,090,640$0$0$12,744,630
91$17,620,391$0$0$13,957,692
92$19,302,663$0$0$15,291,749
93$21,152,905$0$0$16,759,057
94$23,188,135$0$0$18,373,118
95$25,427,103$0$0$20,148,809
96$27,890,471$0$0$22,102,522
97$30,601,001$0$0$24,252,317
98$33,583,774$0$0$26,618,095
99$36,866,426$0$0$29,221,781
100$40,479,408$0$0$32,087,536