Can I retire at age 51 with 730,000?

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 $730,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$60,283$59,746$59,222$58,711$58,211$55,946
2 years$29,843$29,287$28,748$28,226$27,720$25,465
3 years$19,698$19,139$18,602$18,085$17,586$15,413
4 years$14,626$14,070$13,538$13,029$12,543$10,467
5 years$11,584$11,031$10,506$10,008$9,535$7,562
6 years$9,556$9,007$8,490$8,003$7,545$5,677
7 years$8,109$7,564$7,055$6,580$6,136$4,372
8 years$7,024$6,484$5,984$5,520$5,090$3,429
9 years$6,180$5,646$5,154$4,702$4,287$2,725
10 years$5,505$4,976$4,493$4,053$3,652$2,187
11 years$4,954$4,430$3,956$3,527$3,141$1,770
12 years$4,495$3,976$3,510$3,094$2,722$1,440
13 years$4,106$3,593$3,136$2,731$2,374$1,178
14 years$3,774$3,266$2,818$2,425$2,081$967
15 years$3,486$2,984$2,544$2,162$1,832$796
16 years$3,234$2,738$2,307$1,936$1,619$657
17 years$3,012$2,521$2,099$1,740$1,436$544
18 years$2,815$2,330$1,916$1,568$1,277$451
19 years$2,639$2,159$1,754$1,417$1,138$374
20 years$2,481$2,006$1,610$1,283$1,016$311
21 years$2,338$1,869$1,481$1,164$910$258
22 years$2,208$1,745$1,365$1,059$815$215
23 years$2,090$1,632$1,260$964$732$179
24 years$1,982$1,529$1,165$879$658$149
25 years$1,882$1,435$1,079$803$592$124
26 years$1,790$1,348$1,001$734$533$104
27 years$1,706$1,269$930$672$481$87
28 years$1,627$1,196$864$616$434$72
29 years$1,554$1,128$804$565$392$60
30 years$1,486$1,065$749$518$354$50
31 years$1,422$1,007$698$476$320$42
32 years$1,363$953$652$437$289$35
33 years$1,307$902$608$402$262$29
34 years$1,255$855$568$370$237$24
35 years$1,206$811$531$341$215$20
36 years$1,159$770$497$314$195$17
37 years$1,116$731$465$289$176$14
38 years$1,074$695$436$266$160$12
39 years$1,035$661$408$246$145$10
40 years$998$629$383$227$132$8
41 years$963$598$359$209$119$7
42 years$929$570$337$193$108$6
43 years$898$543$316$178$98$5
44 years$867$518$296$164$89$4
45 years$839$494$278$152$81$3
46 years$811$471$261$140$74$3
47 years$785$449$246$130$67$2
48 years$760$429$231$120$61$2
49 years$736$410$217$111$55$2
50 years$713$391$204$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $730,000, adding $5,795 every year, while hoping to spend $55,117 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: 77/10/13 Blend
50$730,000$730,000$730,000$730,000
51$810,438$771,748$760,433$870,288
52$834,458$750,919$727,263$889,703
53$859,081$727,223$691,135$903,419
54$884,311$700,460$651,891$916,914
55$910,148$670,420$609,367$930,147
56$936,594$636,881$563,391$943,069
57$963,645$599,607$513,784$955,632
58$991,299$558,350$460,357$967,781
59$1,019,548$512,846$402,916$979,456
60$1,048,384$462,817$341,255$990,593
61$1,077,793$407,969$275,161$1,001,122
62$1,107,760$347,991$204,411$1,010,967
63$1,138,264$282,556$128,772$1,020,046
64$1,169,282$211,315$48,001$1,028,268
65$1,200,783$133,904$0$1,035,538
66$1,232,733$49,935$0$1,047,046
67$1,265,089$0$0$1,064,830
68$1,297,805$0$0$1,086,650
69$1,330,824$0$0$1,114,208
70$1,364,080$0$0$1,141,954
71$1,397,501$0$0$1,169,824
72$1,431,000$0$0$1,197,745
73$1,464,482$0$0$1,225,635
74$1,497,835$0$0$1,253,400
75$1,530,936$0$0$1,280,934
76$1,563,643$0$0$1,308,116
77$1,595,797$0$0$1,334,811
78$1,627,220$0$0$1,360,867
79$1,657,711$0$0$1,386,113
80$1,687,044$0$0$1,410,357
81$1,714,967$0$0$1,433,384
82$1,741,197$0$0$1,454,954
83$1,765,418$0$0$1,474,797
84$1,787,279$0$0$1,492,615
85$1,806,386$0$0$1,508,073
86$1,822,301$0$0$1,520,799
87$1,834,537$0$0$1,530,378
88$1,842,551$0$0$1,536,350
89$1,845,740$0$0$1,538,202
90$1,843,436$0$0$1,535,365
91$1,834,893$0$0$1,527,207
92$1,819,287$0$0$1,513,027
93$1,795,702$0$0$1,492,047
94$1,763,123$0$0$1,463,404
95$1,720,425$0$0$1,426,144
96$1,666,362$0$0$1,379,208
97$1,599,554$0$0$1,321,424
98$1,518,473$0$0$1,251,494
99$1,421,429$0$0$1,167,982
100$1,306,550$0$0$1,069,301