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%19.2%
1 years$60,200$59,664$59,141$58,630$58,131$55,980
2 years$29,802$29,247$28,709$28,188$27,682$25,538
3 years$19,671$19,113$18,577$18,060$17,562$15,495
4 years$14,606$14,050$13,519$13,011$12,526$10,549
5 years$11,568$11,016$10,491$9,994$9,522$7,642
6 years$9,543$8,995$8,479$7,992$7,534$5,752
7 years$8,098$7,554$7,046$6,571$6,127$4,443
8 years$7,014$6,475$5,975$5,512$5,083$3,494
9 years$6,171$5,638$5,147$4,695$4,281$2,786
10 years$5,498$4,969$4,487$4,047$3,647$2,243
11 years$4,947$4,424$3,950$3,522$3,137$1,821
12 years$4,488$3,971$3,506$3,090$2,718$1,487
13 years$4,101$3,588$3,132$2,728$2,371$1,220
14 years$3,769$3,262$2,814$2,421$2,078$1,005
15 years$3,481$2,980$2,541$2,159$1,830$831
16 years$3,230$2,734$2,304$1,933$1,617$688
17 years$3,008$2,518$2,096$1,737$1,434$572
18 years$2,811$2,326$1,914$1,566$1,275$476
19 years$2,636$2,156$1,752$1,415$1,136$396
20 years$2,478$2,004$1,608$1,281$1,015$330
21 years$2,335$1,866$1,479$1,163$908$276
22 years$2,205$1,742$1,363$1,057$814$230
23 years$2,087$1,629$1,258$963$731$193
24 years$1,979$1,527$1,164$878$657$161
25 years$1,879$1,433$1,078$802$591$135
26 years$1,788$1,346$1,000$733$532$113
27 years$1,703$1,267$928$671$480$95
28 years$1,625$1,194$863$615$433$79
29 years$1,552$1,126$803$564$391$66
30 years$1,484$1,064$748$518$353$56
31 years$1,421$1,006$697$475$320$47
32 years$1,361$952$651$437$289$39
33 years$1,306$901$608$402$262$33
34 years$1,253$854$568$370$237$27
35 years$1,204$810$531$340$214$23
36 years$1,158$769$496$313$194$19
37 years$1,114$730$465$289$176$16
38 years$1,073$694$435$266$160$14
39 years$1,034$660$408$245$145$11
40 years$997$628$382$226$131$10
41 years$962$598$358$209$119$8
42 years$928$569$336$193$108$7
43 years$896$542$315$178$98$6
44 years$866$517$296$164$89$5
45 years$837$493$278$152$81$4
46 years$810$470$261$140$73$3
47 years$784$449$245$129$67$3
48 years$759$428$231$120$61$2
49 years$735$409$217$111$55$2
50 years$712$391$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $729,000, adding $3,268 every year, while hoping to spend $49,924 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: 64/19/17 Blend
50$729,000$729,000$729,000$729,000
51$806,729$768,092$756,792$854,752
52$835,897$752,610$729,026$871,895
53$866,366$734,696$698,657$884,612
54$898,217$714,178$665,544$897,308
55$931,537$690,874$629,541$909,980
56$966,419$664,592$590,496$922,631
57$1,002,965$635,129$548,249$935,263
58$1,041,285$602,267$502,632$947,882
59$1,081,498$565,780$453,472$960,496
60$1,123,733$525,426$400,586$973,116
61$1,168,133$480,950$343,784$985,758
62$1,214,849$432,083$282,868$998,441
63$1,264,048$378,540$217,628$1,011,189
64$1,315,912$320,019$147,850$1,024,033
65$1,370,638$256,204$73,307$1,037,010
66$1,428,443$186,757$0$1,050,162
67$1,489,560$111,325$0$1,064,675
68$1,554,248$29,532$0$1,093,741
69$1,622,785$0$0$1,124,168
70$1,695,477$0$0$1,168,427
71$1,772,661$0$0$1,222,001
72$1,854,700$0$0$1,278,973
73$1,941,997$0$0$1,339,625
74$2,034,988$0$0$1,404,264
75$2,134,154$0$0$1,473,228
76$2,240,021$0$0$1,546,887
77$2,353,163$0$0$1,625,646
78$2,474,213$0$0$1,709,949
79$2,603,862$0$0$1,800,284
80$2,742,870$0$0$1,897,184
81$2,892,069$0$0$2,001,236
82$3,052,373$0$0$2,113,083
83$3,224,786$0$0$2,233,432
84$3,410,408$0$0$2,363,058
85$3,610,450$0$0$2,502,813
86$3,826,240$0$0$2,653,633
87$4,059,237$0$0$2,816,546
88$4,311,046$0$0$2,992,681
89$4,583,429$0$0$3,183,281
90$4,878,324$0$0$3,389,711
91$5,197,861$0$0$3,613,471
92$5,544,381$0$0$3,856,213
93$5,920,462$0$0$4,119,750
94$6,328,935$0$0$4,406,079
95$6,772,917$0$0$4,717,396
96$7,255,835$0$0$5,056,118
97$7,781,462$0$0$5,424,901
98$8,353,947$0$0$5,826,673
99$8,977,857$0$0$6,264,650
100$9,658,218$0$0$6,742,376