Can I retire at age 51 with 725,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $725,000?

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$59,870$59,337$58,816$58,308$57,813$56,007
2 years$29,639$29,087$28,552$28,033$27,530$25,727
3 years$19,563$19,008$18,475$17,961$17,466$15,722
4 years$14,526$13,973$13,445$12,940$12,457$10,785
5 years$11,504$10,955$10,434$9,939$9,470$7,875
6 years$9,491$8,946$8,432$7,948$7,493$5,977
7 years$8,053$7,513$7,007$6,535$6,094$4,656
8 years$6,975$6,440$5,943$5,482$5,055$3,695
9 years$6,138$5,607$5,118$4,669$4,257$2,972
10 years$5,468$4,942$4,462$4,025$3,627$2,417
11 years$4,920$4,400$3,929$3,503$3,120$1,981
12 years$4,464$3,949$3,486$3,073$2,704$1,634
13 years$4,078$3,569$3,115$2,713$2,358$1,354
14 years$3,748$3,244$2,799$2,408$2,067$1,128
15 years$3,462$2,963$2,527$2,147$1,820$942
16 years$3,212$2,719$2,291$1,923$1,608$789
17 years$2,992$2,504$2,085$1,728$1,426$662
18 years$2,796$2,314$1,903$1,557$1,268$557
19 years$2,621$2,144$1,742$1,407$1,130$469
20 years$2,464$1,993$1,599$1,274$1,009$396
21 years$2,322$1,856$1,471$1,156$903$334
22 years$2,193$1,733$1,355$1,051$810$283
23 years$2,076$1,620$1,252$958$727$239
24 years$1,968$1,518$1,157$873$653$202
25 years$1,869$1,425$1,072$798$588$171
26 years$1,778$1,339$994$729$530$145
27 years$1,694$1,260$923$668$477$123
28 years$1,616$1,188$858$612$431$104
29 years$1,543$1,120$799$561$389$89
30 years$1,476$1,058$744$515$351$75
31 years$1,413$1,000$694$473$318$64
32 years$1,354$946$647$434$287$54
33 years$1,298$896$604$400$260$46
34 years$1,246$849$565$368$236$39
35 years$1,198$806$528$338$213$33
36 years$1,151$765$494$312$193$28
37 years$1,108$726$462$287$175$24
38 years$1,067$690$433$265$159$20
39 years$1,028$656$405$244$144$17
40 years$991$624$380$225$131$15
41 years$956$594$356$208$119$12
42 years$923$566$334$192$108$11
43 years$891$539$314$177$98$9
44 years$861$514$294$163$89$8
45 years$833$490$276$151$80$6
46 years$805$468$260$139$73$6
47 years$779$446$244$129$66$5
48 years$754$426$229$119$60$4
49 years$731$407$215$110$55$3
50 years$708$389$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $725,000, adding $6,879 every year, while hoping to spend $22,591 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: 43/50/7 Blend
50$725,000$725,000$725,000$725,000
51$806,046$767,621$756,383$838,789
52$864,226$781,197$757,685$875,774
53$927,583$794,682$758,274$912,966
54$996,622$808,047$758,101$952,733
55$1,071,897$821,261$757,117$995,319
56$1,154,019$834,291$755,269$1,040,993
57$1,243,660$847,103$752,502$1,090,051
58$1,341,561$859,658$748,759$1,142,819
59$1,448,535$871,917$743,977$1,199,658
60$1,565,480$883,835$738,095$1,260,966
61$1,693,383$895,367$731,045$1,327,181
62$1,833,332$906,464$722,759$1,398,788
63$1,986,522$917,071$713,162$1,476,321
64$2,154,273$927,133$702,178$1,560,370
65$2,338,036$936,590$689,729$1,651,585
66$2,539,410$945,377$675,729$1,750,684
67$2,760,155$953,426$660,091$1,858,459
68$3,002,210$960,663$642,723$1,975,785
69$3,267,712$967,012$623,531$2,103,624
70$3,559,012$972,388$602,412$2,243,043
71$3,878,701$976,705$579,263$2,395,214
72$4,229,633$979,869$553,973$2,561,433
73$4,614,953$981,780$526,428$2,743,129
74$5,038,123$982,332$496,509$2,941,880
75$5,502,959$981,413$464,089$3,159,426
76$6,013,662$978,904$429,037$3,397,685
77$6,574,864$974,678$391,218$3,658,776
78$7,191,664$968,601$350,488$3,945,036
79$7,869,681$960,531$306,697$4,259,040
80$8,615,107$950,315$259,690$4,603,633
81$9,434,763$937,795$209,304$4,981,950
82$10,336,162$922,800$155,369$5,397,452
83$11,327,584$905,151$97,707$5,853,954
84$12,418,150$884,657$36,133$6,355,666
85$13,617,912$861,115$0$6,907,231
86$14,937,943$834,313$0$7,515,978
87$16,390,443$804,024$0$8,188,369
88$17,988,856$770,010$0$8,927,949
89$19,747,995$732,016$0$9,741,603
90$21,684,181$689,775$0$10,636,925
91$23,815,397$643,004$0$11,622,287
92$26,161,459$591,403$0$12,706,924
93$28,744,202$534,656$0$13,901,014
94$31,587,685$472,428$0$15,215,784
95$34,718,417$404,365$0$16,663,609
96$38,165,610$330,094$0$18,258,136
97$41,961,454$249,220$0$20,014,411
98$46,141,417$161,326$0$21,949,023
99$50,744,582$65,972$0$24,080,261
100$55,814,018$0$0$26,428,288