Can I retire at age 51 with 726,000?

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 $726,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$59,952$59,418$58,897$58,389$57,892$57,600
2 years$29,679$29,127$28,591$28,072$27,568$27,273
3 years$19,590$19,035$18,500$17,986$17,490$17,201
4 years$14,546$13,992$13,463$12,958$12,474$12,194
5 years$11,520$10,970$10,448$9,953$9,483$9,212
6 years$9,504$8,958$8,444$7,959$7,503$7,243
7 years$8,064$7,523$7,017$6,544$6,102$5,851
8 years$6,985$6,449$5,951$5,489$5,062$4,822
9 years$6,146$5,615$5,125$4,676$4,263$4,032
10 years$5,475$4,949$4,468$4,031$3,632$3,412
11 years$4,927$4,406$3,934$3,508$3,124$2,913
12 years$4,470$3,954$3,491$3,077$2,707$2,505
13 years$4,084$3,574$3,119$2,716$2,361$2,168
14 years$3,753$3,248$2,803$2,411$2,069$1,886
15 years$3,467$2,967$2,530$2,150$1,822$1,648
16 years$3,216$2,723$2,294$1,925$1,610$1,444
17 years$2,996$2,507$2,088$1,730$1,428$1,270
18 years$2,800$2,317$1,906$1,559$1,270$1,120
19 years$2,625$2,147$1,745$1,409$1,132$990
20 years$2,467$1,995$1,601$1,276$1,011$877
21 years$2,325$1,859$1,473$1,158$905$778
22 years$2,196$1,735$1,357$1,053$811$691
23 years$2,078$1,623$1,253$959$728$615
24 years$1,971$1,520$1,159$875$654$548
25 years$1,872$1,427$1,074$799$589$488
26 years$1,781$1,341$996$730$530$436
27 years$1,696$1,262$925$668$478$389
28 years$1,618$1,189$859$612$431$348
29 years$1,545$1,122$800$562$390$311
30 years$1,478$1,059$745$515$352$279
31 years$1,415$1,002$695$473$318$249
32 years$1,356$948$648$435$288$223
33 years$1,300$897$605$400$260$200
34 years$1,248$851$565$368$236$179
35 years$1,199$807$529$339$214$161
36 years$1,153$766$494$312$194$144
37 years$1,110$727$463$288$175$130
38 years$1,068$691$433$265$159$116
39 years$1,029$657$406$244$144$104
40 years$993$625$381$225$131$94
41 years$958$595$357$208$119$84
42 years$924$567$335$192$108$76
43 years$893$540$314$177$98$68
44 years$863$515$295$164$89$61
45 years$834$491$277$151$81$55
46 years$807$468$260$140$73$49
47 years$780$447$244$129$66$44
48 years$756$427$230$119$60$40
49 years$732$407$216$110$55$36
50 years$709$389$203$102$50$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $726,000, adding $4,354 every year, while hoping to spend $26,214 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: 56/15/29 Blend
50$726,000$726,000$726,000$726,000
51$804,543$766,065$754,812$842,935
52$858,715$775,711$752,207$879,505
53$917,534$784,951$748,636$916,252
54$981,446$793,737$744,039$955,766
55$1,050,942$802,019$738,353$998,322
56$1,126,563$809,742$731,512$1,044,225
57$1,208,903$816,850$723,448$1,093,814
58$1,298,615$823,279$714,087$1,147,459
59$1,396,419$828,966$703,355$1,205,573
60$1,503,108$833,839$691,172$1,268,609
61$1,619,553$837,826$677,454$1,337,069
62$1,746,714$840,846$662,116$1,411,507
63$1,885,648$842,816$645,065$1,492,534
64$2,037,517$843,647$626,208$1,580,826
65$2,203,602$843,243$605,444$1,677,128
66$2,385,312$841,506$582,669$1,782,264
67$2,584,201$838,326$557,776$1,897,141
68$2,801,978$833,592$530,649$2,022,764
69$3,040,524$827,183$501,171$2,160,240
70$3,301,914$818,972$469,216$2,310,790
71$3,588,430$808,822$434,656$2,475,763
72$3,902,587$796,592$397,354$2,656,649
73$4,247,155$782,128$357,169$2,855,089
74$4,625,183$765,271$313,953$3,072,898
75$5,040,031$745,849$267,550$3,312,075
76$5,495,402$723,683$217,800$3,574,827
77$5,995,370$698,581$164,534$3,863,591
78$6,544,428$670,341$107,576$4,181,052
79$7,147,522$638,750$46,742$4,530,176
80$7,810,102$603,581$0$4,914,231
81$8,538,171$564,596$0$5,342,452
82$9,338,343$521,540$0$5,828,993
83$10,217,905$474,146$0$6,363,828
84$11,184,885$422,133$0$6,951,868
85$12,248,126$365,200$0$7,598,523
86$13,417,373$303,033$0$8,309,755
87$14,703,361$235,298$0$9,092,137
88$16,117,919$161,643$0$9,952,913
89$17,674,078$81,695$0$10,900,065
90$19,386,198$0$0$11,942,392
91$21,270,098$0$0$13,090,407
92$23,343,212$0$0$14,368,639
93$25,624,746$0$0$15,775,456
94$28,135,862$0$0$17,323,917
95$30,899,880$0$0$19,028,410
96$33,942,494$0$0$20,904,792
97$37,292,016$0$0$22,970,532
98$40,979,642$0$0$25,244,881
99$45,039,746$0$0$27,749,052
100$49,510,207$0$0$30,506,418