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%13.3%
1 years$60,283$59,746$59,222$58,711$58,211$57,412
2 years$29,843$29,287$28,748$28,226$27,720$26,916
3 years$19,698$19,139$18,602$18,085$17,586$16,804
4 years$14,626$14,070$13,538$13,029$12,543$11,786
5 years$11,584$11,031$10,506$10,008$9,535$8,807
6 years$9,556$9,007$8,490$8,003$7,545$6,846
7 years$8,109$7,564$7,055$6,580$6,136$5,467
8 years$7,024$6,484$5,984$5,520$5,090$4,451
9 years$6,180$5,646$5,154$4,702$4,287$3,677
10 years$5,505$4,976$4,493$4,053$3,652$3,072
11 years$4,954$4,430$3,956$3,527$3,141$2,589
12 years$4,495$3,976$3,510$3,094$2,722$2,198
13 years$4,106$3,593$3,136$2,731$2,374$1,876
14 years$3,774$3,266$2,818$2,425$2,081$1,610
15 years$3,486$2,984$2,544$2,162$1,832$1,386
16 years$3,234$2,738$2,307$1,936$1,619$1,198
17 years$3,012$2,521$2,099$1,740$1,436$1,038
18 years$2,815$2,330$1,916$1,568$1,277$902
19 years$2,639$2,159$1,754$1,417$1,138$785
20 years$2,481$2,006$1,610$1,283$1,016$685
21 years$2,338$1,869$1,481$1,164$910$598
22 years$2,208$1,745$1,365$1,059$815$523
23 years$2,090$1,632$1,260$964$732$458
24 years$1,982$1,529$1,165$879$658$401
25 years$1,882$1,435$1,079$803$592$352
26 years$1,790$1,348$1,001$734$533$309
27 years$1,706$1,269$930$672$481$272
28 years$1,627$1,196$864$616$434$239
29 years$1,554$1,128$804$565$392$210
30 years$1,486$1,065$749$518$354$185
31 years$1,422$1,007$698$476$320$163
32 years$1,363$953$652$437$289$143
33 years$1,307$902$608$402$262$126
34 years$1,255$855$568$370$237$111
35 years$1,206$811$531$341$215$98
36 years$1,159$770$497$314$195$86
37 years$1,116$731$465$289$176$76
38 years$1,074$695$436$266$160$67
39 years$1,035$661$408$246$145$59
40 years$998$629$383$227$132$52
41 years$963$598$359$209$119$46
42 years$929$570$337$193$108$41
43 years$898$543$316$178$98$36
44 years$867$518$296$164$89$32
45 years$839$494$278$152$81$28
46 years$811$471$261$140$74$25
47 years$785$449$246$130$67$22
48 years$760$429$231$120$61$19
49 years$736$410$217$111$55$17
50 years$713$391$204$102$50$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $730,000, adding $4,362 every year, while hoping to spend $56,680 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: 49/31/20 Blend
50$730,000$730,000$730,000$730,000
51$808,959$770,269$758,954$843,858
52$831,166$747,706$724,072$845,959
53$853,738$722,136$686,122$842,125
54$876,653$693,355$644,941$836,768
55$899,885$661,142$600,359$829,767
56$923,400$625,265$552,198$820,994
57$947,164$585,480$500,274$810,310
58$971,134$541,527$444,392$797,569
59$995,260$493,133$384,350$782,612
60$1,019,486$440,006$319,935$765,273
61$1,043,750$381,842$250,929$745,372
62$1,067,976$318,317$177,099$722,716
63$1,092,084$249,088$98,206$697,100
64$1,115,978$173,795$13,998$668,304
65$1,139,554$92,057$0$636,093
66$1,162,691$3,470$0$616,406
67$1,185,255$0$0$597,022
68$1,207,096$0$0$606,241
69$1,228,045$0$0$616,117
70$1,247,912$0$0$625,364
71$1,266,485$0$0$633,866
72$1,283,529$0$0$641,494
73$1,298,778$0$0$648,104
74$1,311,940$0$0$653,534
75$1,322,685$0$0$657,608
76$1,330,650$0$0$660,125
77$1,335,428$0$0$660,866
78$1,336,569$0$0$659,584
79$1,333,571$0$0$656,008
80$1,325,879$0$0$649,835
81$1,312,875$0$0$640,731
82$1,293,875$0$0$628,323
83$1,268,120$0$0$612,200
84$1,234,769$0$0$591,906
85$1,192,892$0$0$566,936
86$1,141,457$0$0$536,730
87$1,079,323$0$0$500,670
88$1,005,226$0$0$458,072
89$917,770$0$0$408,178
90$815,408$0$0$350,152
91$696,432$0$0$283,067
92$558,953$0$0$205,902
93$400,883$0$0$117,526
94$219,914$0$0$16,690
95$13,498$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