Can I retire at age 51 with 729,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$60,200$59,664$59,141$58,630$58,131$56,981
2 years$29,802$29,247$28,709$28,188$27,682$26,528
3 years$19,671$19,113$18,577$18,060$17,562$16,440
4 years$14,606$14,050$13,519$13,011$12,526$11,445
5 years$11,568$11,016$10,491$9,994$9,522$8,485
6 years$9,543$8,995$8,479$7,992$7,534$6,542
7 years$8,098$7,554$7,046$6,571$6,127$5,181
8 years$7,014$6,475$5,975$5,512$5,083$4,182
9 years$6,171$5,638$5,147$4,695$4,281$3,424
10 years$5,498$4,969$4,487$4,047$3,647$2,834
11 years$4,947$4,424$3,950$3,522$3,137$2,366
12 years$4,488$3,971$3,506$3,090$2,718$1,989
13 years$4,101$3,588$3,132$2,728$2,371$1,682
14 years$3,769$3,262$2,814$2,421$2,078$1,428
15 years$3,481$2,980$2,541$2,159$1,830$1,217
16 years$3,230$2,734$2,304$1,933$1,617$1,041
17 years$3,008$2,518$2,096$1,737$1,434$893
18 years$2,811$2,326$1,914$1,566$1,275$767
19 years$2,636$2,156$1,752$1,415$1,136$660
20 years$2,478$2,004$1,608$1,281$1,015$570
21 years$2,335$1,866$1,479$1,163$908$492
22 years$2,205$1,742$1,363$1,057$814$425
23 years$2,087$1,629$1,258$963$731$368
24 years$1,979$1,527$1,164$878$657$319
25 years$1,879$1,433$1,078$802$591$276
26 years$1,788$1,346$1,000$733$532$240
27 years$1,703$1,267$928$671$480$208
28 years$1,625$1,194$863$615$433$181
29 years$1,552$1,126$803$564$391$157
30 years$1,484$1,064$748$518$353$136
31 years$1,421$1,006$697$475$320$119
32 years$1,361$952$651$437$289$103
33 years$1,306$901$608$402$262$90
34 years$1,253$854$568$370$237$78
35 years$1,204$810$531$340$214$68
36 years$1,158$769$496$313$194$59
37 years$1,114$730$465$289$176$51
38 years$1,073$694$435$266$160$45
39 years$1,034$660$408$245$145$39
40 years$997$628$382$226$131$34
41 years$962$598$358$209$119$30
42 years$928$569$336$193$108$26
43 years$896$542$315$178$98$22
44 years$866$517$296$164$89$19
45 years$837$493$278$152$81$17
46 years$810$470$261$140$73$15
47 years$784$449$245$129$67$13
48 years$759$428$231$120$61$11
49 years$735$409$217$111$55$10
50 years$712$391$204$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $729,000, adding $5,973 every year, while hoping to spend $20,631 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: 37/40/23 Blend
50$729,000$729,000$729,000$729,000
51$809,519$770,882$759,583$833,691
52$870,139$786,704$763,077$867,707
53$936,250$802,610$765,998$902,076
54$1,008,392$818,582$768,303$938,787
55$1,087,156$834,601$769,949$978,063
56$1,173,196$850,646$770,892$1,020,151
57$1,267,228$866,694$771,084$1,065,322
58$1,370,045$882,721$770,474$1,113,877
59$1,482,516$898,701$769,011$1,166,148
60$1,605,600$914,605$766,641$1,222,499
61$1,740,352$930,401$763,304$1,283,336
62$1,887,935$946,058$758,942$1,349,104
63$2,049,628$961,539$753,490$1,420,294
64$2,226,842$976,806$746,884$1,497,450
65$2,421,128$991,817$739,052$1,581,170
66$2,634,196$1,006,530$729,924$1,672,118
67$2,867,930$1,020,896$719,423$1,771,021
68$3,124,404$1,034,864$707,468$1,878,687
69$3,405,902$1,048,382$693,978$1,996,005
70$3,714,942$1,061,390$678,863$2,123,954
71$4,054,295$1,073,828$662,035$2,263,619
72$4,427,016$1,085,628$643,396$2,416,194
73$4,836,469$1,096,721$622,846$2,582,998
74$5,286,359$1,107,031$600,283$2,765,485
75$5,780,771$1,116,478$575,595$2,965,261
76$6,324,201$1,124,977$548,669$3,184,097
77$6,921,606$1,132,437$519,385$3,423,947
78$7,578,444$1,138,761$487,619$3,686,967
79$8,300,731$1,143,847$453,241$3,975,535
80$9,095,095$1,147,584$416,113$4,292,275
81$9,968,835$1,149,856$376,093$4,640,081
82$10,929,997$1,150,540$333,033$5,022,148
83$11,987,444$1,149,504$286,778$5,441,995
84$13,150,943$1,146,609$237,164$5,903,510
85$14,431,253$1,141,707$184,023$6,410,976
86$15,840,230$1,134,640$127,177$6,969,119
87$17,390,938$1,125,242$66,442$7,583,154
88$19,097,772$1,113,336$1,625$8,258,828
89$20,976,590$1,098,735$0$9,002,483
90$23,044,869$1,081,240$0$9,837,687
91$25,321,866$1,060,641$0$10,757,078
92$27,828,799$1,036,715$0$11,768,815
93$30,589,048$1,009,226$0$12,882,332
94$33,628,376$977,923$0$14,108,028
95$36,975,172$942,543$0$15,457,366
96$40,660,718$902,806$0$16,942,983
97$44,719,482$858,415$0$18,578,810
98$49,189,449$809,056$0$20,380,201
99$54,112,472$754,400$0$22,364,084
100$59,534,674$694,095$0$24,549,115