Can I retire at age 51 with 729,000?

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 $729,000?

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$60,200$59,664$59,141$58,630$58,131$56,316
2 years$29,802$29,247$28,709$28,188$27,682$25,869
3 years$19,671$19,113$18,577$18,060$17,562$15,809
4 years$14,606$14,050$13,519$13,011$12,526$10,845
5 years$11,568$11,016$10,491$9,994$9,522$7,918
6 years$9,543$8,995$8,479$7,992$7,534$6,010
7 years$8,098$7,554$7,046$6,571$6,127$4,681
8 years$7,014$6,475$5,975$5,512$5,083$3,715
9 years$6,171$5,638$5,147$4,695$4,281$2,989
10 years$5,498$4,969$4,487$4,047$3,647$2,430
11 years$4,947$4,424$3,950$3,522$3,137$1,991
12 years$4,488$3,971$3,506$3,090$2,718$1,643
13 years$4,101$3,588$3,132$2,728$2,371$1,362
14 years$3,769$3,262$2,814$2,421$2,078$1,134
15 years$3,481$2,980$2,541$2,159$1,830$947
16 years$3,230$2,734$2,304$1,933$1,617$793
17 years$3,008$2,518$2,096$1,737$1,434$666
18 years$2,811$2,326$1,914$1,566$1,275$560
19 years$2,636$2,156$1,752$1,415$1,136$472
20 years$2,478$2,004$1,608$1,281$1,015$398
21 years$2,335$1,866$1,479$1,163$908$336
22 years$2,205$1,742$1,363$1,057$814$284
23 years$2,087$1,629$1,258$963$731$240
24 years$1,979$1,527$1,164$878$657$204
25 years$1,879$1,433$1,078$802$591$172
26 years$1,788$1,346$1,000$733$532$146
27 years$1,703$1,267$928$671$480$124
28 years$1,625$1,194$863$615$433$105
29 years$1,552$1,126$803$564$391$89
30 years$1,484$1,064$748$518$353$76
31 years$1,421$1,006$697$475$320$64
32 years$1,361$952$651$437$289$54
33 years$1,306$901$608$402$262$46
34 years$1,253$854$568$370$237$39
35 years$1,204$810$531$340$214$33
36 years$1,158$769$496$313$194$28
37 years$1,114$730$465$289$176$24
38 years$1,073$694$435$266$160$20
39 years$1,034$660$408$245$145$17
40 years$997$628$382$226$131$15
41 years$962$598$358$209$119$13
42 years$928$569$336$193$108$11
43 years$896$542$315$178$98$9
44 years$866$517$296$164$89$8
45 years$837$493$278$152$81$7
46 years$810$470$261$140$73$6
47 years$784$449$245$129$67$5
48 years$759$428$231$120$61$4
49 years$735$409$217$111$55$3
50 years$712$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $729,000, adding $3,116 every year, while hoping to spend $33,469 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: 51/43/6 Blend
50$729,000$729,000$729,000$729,000
51$806,572$767,935$756,636$846,380
52$853,232$769,953$746,372$875,793
53$903,529$770,948$734,643$903,867
54$957,799$770,835$721,364$933,580
55$1,016,412$769,523$706,447$965,094
56$1,079,772$766,916$689,799$998,588
57$1,148,324$762,910$671,323$1,034,259
58$1,222,559$757,399$650,918$1,072,327
59$1,303,015$750,266$628,479$1,113,038
60$1,390,284$741,391$603,894$1,156,661
61$1,485,016$730,642$577,048$1,203,498
62$1,587,928$717,884$547,819$1,253,881
63$1,699,808$702,971$516,082$1,308,179
64$1,821,521$685,750$481,704$1,366,804
65$1,954,022$666,058$444,547$1,430,207
66$2,098,359$643,721$404,466$1,498,893
67$2,255,687$618,559$361,311$1,573,418
68$2,427,276$590,377$314,924$1,654,400
69$2,614,525$558,972$265,140$1,742,523
70$2,818,973$524,128$211,789$1,838,544
71$3,042,314$485,616$154,689$1,943,301
72$3,286,413$443,195$93,655$2,057,722
73$3,553,325$396,609$28,490$2,182,834
74$3,845,311$345,589$0$2,319,774
75$4,164,859$289,850$0$2,472,428
76$4,514,713$229,090$0$2,641,676
77$4,897,890$162,992$0$2,827,245
78$5,317,715$91,219$0$3,030,853
79$5,777,850$13,417$0$3,254,397
80$6,282,328$0$0$3,499,974
81$6,835,589$0$0$3,803,398
82$7,442,525$0$0$4,143,301
83$8,108,525$0$0$4,516,360
84$8,839,522$0$0$4,925,911
85$9,642,055$0$0$5,375,625
86$10,523,325$0$0$5,869,549
87$11,491,264$0$0$6,412,140
88$12,554,612$0$0$7,008,308
89$13,722,996$0$0$7,663,462
90$15,007,020$0$0$8,383,562
91$16,418,370$0$0$9,175,172
92$17,969,918$0$0$10,045,526
93$19,675,844$0$0$11,002,593
94$21,551,775$0$0$12,055,151
95$23,614,924$0$0$13,212,875
96$25,884,258$0$0$14,486,421
97$28,380,673$0$0$15,887,533
98$31,127,193$0$0$17,429,149
99$34,149,187$0$0$19,125,524
100$37,474,605$0$0$20,992,364