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%12.1%
1 years$60,200$59,664$59,141$58,630$58,131$57,620
2 years$29,802$29,247$28,709$28,188$27,682$27,167
3 years$19,671$19,113$18,577$18,060$17,562$17,059
4 years$14,606$14,050$13,519$13,011$12,526$12,039
5 years$11,568$11,016$10,491$9,994$9,522$9,052
6 years$9,543$8,995$8,479$7,992$7,534$7,082
7 years$8,098$7,554$7,046$6,571$6,127$5,694
8 years$7,014$6,475$5,975$5,512$5,083$4,668
9 years$6,171$5,638$5,147$4,695$4,281$3,883
10 years$5,498$4,969$4,487$4,047$3,647$3,268
11 years$4,947$4,424$3,950$3,522$3,137$2,775
12 years$4,488$3,971$3,506$3,090$2,718$2,373
13 years$4,101$3,588$3,132$2,728$2,371$2,042
14 years$3,769$3,262$2,814$2,421$2,078$1,766
15 years$3,481$2,980$2,541$2,159$1,830$1,533
16 years$3,230$2,734$2,304$1,933$1,617$1,336
17 years$3,008$2,518$2,096$1,737$1,434$1,168
18 years$2,811$2,326$1,914$1,566$1,275$1,023
19 years$2,636$2,156$1,752$1,415$1,136$898
20 years$2,478$2,004$1,608$1,281$1,015$790
21 years$2,335$1,866$1,479$1,163$908$697
22 years$2,205$1,742$1,363$1,057$814$615
23 years$2,087$1,629$1,258$963$731$543
24 years$1,979$1,527$1,164$878$657$481
25 years$1,879$1,433$1,078$802$591$426
26 years$1,788$1,346$1,000$733$532$377
27 years$1,703$1,267$928$671$480$334
28 years$1,625$1,194$863$615$433$297
29 years$1,552$1,126$803$564$391$264
30 years$1,484$1,064$748$518$353$234
31 years$1,421$1,006$697$475$320$208
32 years$1,361$952$651$437$289$185
33 years$1,306$901$608$402$262$165
34 years$1,253$854$568$370$237$146
35 years$1,204$810$531$340$214$130
36 years$1,158$769$496$313$194$116
37 years$1,114$730$465$289$176$103
38 years$1,073$694$435$266$160$92
39 years$1,034$660$408$245$145$82
40 years$997$628$382$226$131$73
41 years$962$598$358$209$119$65
42 years$928$569$336$193$108$58
43 years$896$542$315$178$98$52
44 years$866$517$296$164$89$46
45 years$837$493$278$152$81$41
46 years$810$470$261$140$73$37
47 years$784$449$245$129$67$33
48 years$759$428$231$120$61$29
49 years$735$409$217$111$55$26
50 years$712$391$204$102$50$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $729,000, adding $3,291 every year, while hoping to spend $34,875 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: 56/20/24 Blend
50$729,000$729,000$729,000$729,000
51$806,753$768,116$756,816$846,480
52$851,935$768,647$745,063$874,595
53$900,556$768,035$731,747$901,257
54$952,932$766,187$716,779$929,569
55$1,009,406$763,005$700,066$959,700
56$1,070,358$758,385$681,511$991,839
57$1,136,203$752,215$661,010$1,026,193
58$1,207,400$744,377$638,458$1,062,995
59$1,284,451$734,748$613,743$1,102,499
60$1,367,909$723,194$586,747$1,144,992
61$1,458,381$709,577$557,349$1,190,787
62$1,556,537$693,747$525,421$1,240,236
63$1,663,110$675,547$490,829$1,293,726
64$1,778,910$654,812$453,434$1,351,686
65$1,904,826$631,364$413,091$1,414,592
66$2,041,836$605,018$369,647$1,482,972
67$2,191,016$575,577$322,944$1,557,408
68$2,353,552$542,833$272,814$1,638,547
69$2,530,746$506,563$219,085$1,727,105
70$2,724,034$466,537$161,576$1,823,873
71$2,934,994$422,506$100,098$1,929,728
72$3,165,365$374,211$34,453$2,045,637
73$3,417,061$321,375$0$2,172,675
74$3,692,188$263,709$0$2,321,143
75$3,993,065$200,905$0$2,493,243
76$4,322,246$132,638$0$2,681,652
77$4,682,543$58,565$0$2,888,033
78$5,077,053$0$0$3,114,219
79$5,509,184$0$0$3,367,004
80$5,982,693$0$0$3,658,182
81$6,501,714$0$0$3,977,414
82$7,070,801$0$0$4,327,509
83$7,694,972$0$0$4,711,563
84$8,379,752$0$0$5,132,983
85$9,131,225$0$0$5,595,525
86$9,956,096$0$0$6,103,324
87$10,861,749$0$0$6,660,936
88$11,856,317$0$0$7,273,379
89$12,948,761$0$0$7,946,181
90$14,148,953$0$0$8,685,433
91$15,467,765$0$0$9,497,845
92$16,917,179$0$0$10,390,806
93$18,510,391$0$0$11,372,462
94$20,261,942$0$0$12,451,783
95$22,187,852$0$0$13,638,654
96$24,305,768$0$0$14,943,965
97$26,635,137$0$0$16,379,713
98$29,197,382$0$0$17,959,119
99$32,016,109$0$0$19,696,747
100$35,117,324$0$0$21,608,647