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%13.1%
1 years$60,200$59,664$59,141$58,630$58,131$57,381
2 years$29,802$29,247$28,709$28,188$27,682$26,927
3 years$19,671$19,113$18,577$18,060$17,562$16,827
4 years$14,606$14,050$13,519$13,011$12,526$11,814
5 years$11,568$11,016$10,491$9,994$9,522$8,837
6 years$9,543$8,995$8,479$7,992$7,534$6,877
7 years$8,098$7,554$7,046$6,571$6,127$5,498
8 years$7,014$6,475$5,975$5,512$5,083$4,482
9 years$6,171$5,638$5,147$4,695$4,281$3,706
10 years$5,498$4,969$4,487$4,047$3,647$3,100
11 years$4,947$4,424$3,950$3,522$3,137$2,616
12 years$4,488$3,971$3,506$3,090$2,718$2,223
13 years$4,101$3,588$3,132$2,728$2,371$1,901
14 years$3,769$3,262$2,814$2,421$2,078$1,633
15 years$3,481$2,980$2,541$2,159$1,830$1,408
16 years$3,230$2,734$2,304$1,933$1,617$1,219
17 years$3,008$2,518$2,096$1,737$1,434$1,058
18 years$2,811$2,326$1,914$1,566$1,275$920
19 years$2,636$2,156$1,752$1,415$1,136$802
20 years$2,478$2,004$1,608$1,281$1,015$701
21 years$2,335$1,866$1,479$1,163$908$613
22 years$2,205$1,742$1,363$1,057$814$537
23 years$2,087$1,629$1,258$963$731$471
24 years$1,979$1,527$1,164$878$657$413
25 years$1,879$1,433$1,078$802$591$363
26 years$1,788$1,346$1,000$733$532$319
27 years$1,703$1,267$928$671$480$281
28 years$1,625$1,194$863$615$433$247
29 years$1,552$1,126$803$564$391$218
30 years$1,484$1,064$748$518$353$192
31 years$1,421$1,006$697$475$320$169
32 years$1,361$952$651$437$289$149
33 years$1,306$901$608$402$262$132
34 years$1,253$854$568$370$237$116
35 years$1,204$810$531$340$214$103
36 years$1,158$769$496$313$194$90
37 years$1,114$730$465$289$176$80
38 years$1,073$694$435$266$160$71
39 years$1,034$660$408$245$145$62
40 years$997$628$382$226$131$55
41 years$962$598$358$209$119$49
42 years$928$569$336$193$108$43
43 years$896$542$315$178$98$38
44 years$866$517$296$164$89$34
45 years$837$493$278$152$81$30
46 years$810$470$261$140$73$26
47 years$784$449$245$129$67$23
48 years$759$428$231$120$61$20
49 years$735$409$217$111$55$18
50 years$712$391$204$102$50$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $729,000, adding $2,532 every year, while hoping to spend $59,173 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: 81/8/11 Blend
50$729,000$729,000$729,000$729,000
51$805,970$767,333$756,033$869,533
52$825,219$741,972$718,401$886,225
53$844,449$713,386$677,524$896,523
54$863,594$681,354$633,233$906,073
55$882,582$645,641$585,347$914,772
56$901,330$606,002$533,681$922,503
57$919,745$562,176$478,039$929,140
58$937,722$513,886$418,217$934,543
59$955,145$460,842$354,002$938,558
60$971,880$402,734$285,172$941,017
61$987,781$339,236$211,494$941,735
62$1,002,682$270,006$132,727$940,508
63$1,016,399$194,679$48,616$937,112
64$1,028,725$112,872$0$931,301
65$1,039,430$24,179$0$927,635
66$1,048,260$0$0$927,390
67$1,054,929$0$0$930,885
68$1,059,120$0$0$934,287
69$1,060,481$0$0$935,152
70$1,058,621$0$0$933,131
71$1,053,105$0$0$927,835
72$1,043,451$0$0$918,835
73$1,029,125$0$0$905,651
74$1,009,534$0$0$887,755
75$984,021$0$0$864,560
76$951,858$0$0$835,417
77$912,240$0$0$799,604
78$864,275$0$0$756,327
79$806,975$0$0$704,703
80$739,249$0$0$643,757
81$659,888$0$0$572,411
82$567,558$0$0$489,471
83$460,781$0$0$393,620
84$337,926$0$0$283,401
85$197,189$0$0$157,202
86$36,579$0$0$13,245
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0