Can I retire at age 51 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$59,787$59,255$58,735$58,228$57,733$57,465
2 years$29,598$29,046$28,512$27,994$27,492$27,222
3 years$19,536$18,982$18,449$17,936$17,442$17,178
4 years$14,506$13,954$13,426$12,922$12,440$12,184
5 years$11,489$10,940$10,419$9,925$9,456$9,209
6 years$9,478$8,933$8,420$7,937$7,483$7,244
7 years$8,042$7,502$6,997$6,526$6,085$5,856
8 years$6,966$6,431$5,934$5,474$5,048$4,828
9 years$6,129$5,599$5,111$4,663$4,251$4,040
10 years$5,460$4,935$4,456$4,019$3,622$3,420
11 years$4,913$4,394$3,923$3,498$3,115$2,922
12 years$4,458$3,944$3,482$3,068$2,700$2,515
13 years$4,073$3,564$3,111$2,709$2,354$2,178
14 years$3,743$3,239$2,795$2,405$2,064$1,896
15 years$3,457$2,959$2,523$2,145$1,817$1,657
16 years$3,208$2,715$2,288$1,920$1,606$1,454
17 years$2,988$2,500$2,082$1,725$1,424$1,279
18 years$2,792$2,311$1,900$1,555$1,266$1,129
19 years$2,618$2,141$1,740$1,405$1,128$998
20 years$2,461$1,990$1,597$1,272$1,008$885
21 years$2,319$1,853$1,469$1,155$902$786
22 years$2,190$1,730$1,354$1,050$809$698
23 years$2,073$1,618$1,250$956$726$622
24 years$1,965$1,516$1,156$872$652$554
25 years$1,867$1,423$1,071$796$587$495
26 years$1,776$1,337$993$728$529$442
27 years$1,692$1,258$922$667$477$395
28 years$1,614$1,186$857$611$430$353
29 years$1,541$1,119$798$560$388$316
30 years$1,474$1,057$743$514$351$283
31 years$1,411$999$693$472$317$254
32 years$1,352$945$646$434$287$228
33 years$1,297$895$603$399$260$204
34 years$1,245$848$564$367$235$183
35 years$1,196$805$527$338$213$164
36 years$1,150$764$493$311$193$148
37 years$1,106$725$462$287$175$133
38 years$1,065$689$432$264$159$119
39 years$1,027$655$405$244$144$107
40 years$990$624$380$225$130$96
41 years$955$594$356$207$118$86
42 years$922$565$334$191$107$78
43 years$890$539$313$177$97$70
44 years$860$513$294$163$88$63
45 years$832$490$276$151$80$56
46 years$804$467$259$139$73$51
47 years$778$446$244$129$66$46
48 years$753$425$229$119$60$41
49 years$730$406$215$110$55$37
50 years$707$388$202$101$50$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $724,000, adding $5,016 every year, while hoping to spend $37,621 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: 61/12/27 Blend
50$724,000$724,000$724,000$724,000
51$803,022$764,650$753,428$845,903
52$844,902$762,089$738,639$873,093
53$889,792$758,142$722,094$898,253
54$937,961$752,701$703,695$924,914
55$989,702$745,652$683,337$953,231
56$1,045,336$736,874$660,913$983,374
57$1,105,217$726,238$636,311$1,015,533
58$1,169,734$713,608$609,412$1,049,921
59$1,239,313$698,841$580,094$1,086,770
60$1,314,423$681,784$548,226$1,126,341
61$1,395,577$662,274$513,675$1,168,923
62$1,483,343$640,142$476,300$1,214,834
63$1,578,341$615,207$435,953$1,264,428
64$1,681,255$587,275$392,481$1,318,100
65$1,792,837$556,146$345,723$1,376,282
66$1,913,914$521,604$295,512$1,439,459
67$2,045,394$483,424$241,672$1,508,163
68$2,188,277$441,364$184,021$1,582,985
69$2,343,663$395,173$122,368$1,664,579
70$2,512,762$344,582$56,513$1,753,671
71$2,696,906$289,309$0$1,851,061
72$2,897,559$229,054$0$1,961,603
73$3,116,335$163,502$0$2,099,943
74$3,355,007$92,320$0$2,250,935
75$3,615,529$15,155$0$2,415,846
76$3,900,052$0$0$2,596,075
77$4,210,941$0$0$2,802,189
78$4,550,803$0$0$3,029,754
79$4,922,507$0$0$3,278,695
80$5,329,212$0$0$3,551,135
81$5,774,395$0$0$3,849,412
82$6,261,889$0$0$4,176,099
83$6,795,909$0$0$4,534,030
84$7,381,101$0$0$4,926,327
85$8,022,582$0$0$5,356,428
86$8,725,984$0$0$5,828,119
87$9,497,515$0$0$6,345,571
88$10,344,008$0$0$6,913,377
89$11,272,992$0$0$7,536,596
90$12,292,761$0$0$8,220,803
91$13,412,448$0$0$8,972,136
92$14,642,117$0$0$9,797,359
93$15,992,853$0$0$10,703,922
94$17,476,867$0$0$11,700,031
95$19,107,611$0$0$12,794,730
96$20,899,907$0$0$13,997,979
97$22,870,082$0$0$15,320,752
98$25,036,123$0$0$16,775,139
99$27,417,849$0$0$18,374,462
100$30,037,095$0$0$20,133,396