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%14.1%
1 years$60,283$59,746$59,222$58,711$58,211$57,223
2 years$29,843$29,287$28,748$28,226$27,720$26,727
3 years$19,698$19,139$18,602$18,085$17,586$16,621
4 years$14,626$14,070$13,538$13,029$12,543$11,611
5 years$11,584$11,031$10,506$10,008$9,535$8,640
6 years$9,556$9,007$8,490$8,003$7,545$6,687
7 years$8,109$7,564$7,055$6,580$6,136$5,316
8 years$7,024$6,484$5,984$5,520$5,090$4,309
9 years$6,180$5,646$5,154$4,702$4,287$3,542
10 years$5,505$4,976$4,493$4,053$3,652$2,945
11 years$4,954$4,430$3,956$3,527$3,141$2,470
12 years$4,495$3,976$3,510$3,094$2,722$2,085
13 years$4,106$3,593$3,136$2,731$2,374$1,771
14 years$3,774$3,266$2,818$2,425$2,081$1,511
15 years$3,486$2,984$2,544$2,162$1,832$1,295
16 years$3,234$2,738$2,307$1,936$1,619$1,113
17 years$3,012$2,521$2,099$1,740$1,436$959
18 years$2,815$2,330$1,916$1,568$1,277$828
19 years$2,639$2,159$1,754$1,417$1,138$717
20 years$2,481$2,006$1,610$1,283$1,016$621
21 years$2,338$1,869$1,481$1,164$910$539
22 years$2,208$1,745$1,365$1,059$815$469
23 years$2,090$1,632$1,260$964$732$408
24 years$1,982$1,529$1,165$879$658$355
25 years$1,882$1,435$1,079$803$592$310
26 years$1,790$1,348$1,001$734$533$270
27 years$1,706$1,269$930$672$481$236
28 years$1,627$1,196$864$616$434$206
29 years$1,554$1,128$804$565$392$180
30 years$1,486$1,065$749$518$354$157
31 years$1,422$1,007$698$476$320$137
32 years$1,363$953$652$437$289$120
33 years$1,307$902$608$402$262$105
34 years$1,255$855$568$370$237$92
35 years$1,206$811$531$341$215$81
36 years$1,159$770$497$314$195$71
37 years$1,116$731$465$289$176$62
38 years$1,074$695$436$266$160$54
39 years$1,035$661$408$246$145$47
40 years$998$629$383$227$132$41
41 years$963$598$359$209$119$36
42 years$929$570$337$193$108$32
43 years$898$543$316$178$98$28
44 years$867$518$296$164$89$24
45 years$839$494$278$152$81$21
46 years$811$471$261$140$74$19
47 years$785$449$246$130$67$16
48 years$760$429$231$120$61$14
49 years$736$410$217$111$55$13
50 years$713$391$204$102$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $730,000, adding $6,770 every year, while hoping to spend $29,206 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: 84/11/5 Blend
50$730,000$730,000$730,000$730,000
51$811,443$772,753$761,438$879,004
52$863,136$779,543$755,871$930,880
53$919,122$785,687$749,139$983,157
54$979,808$791,122$741,172$1,039,643
55$1,045,644$795,782$731,896$1,100,741
56$1,117,120$799,596$721,235$1,166,894
57$1,194,779$802,489$709,109$1,238,591
58$1,279,216$804,380$695,434$1,316,370
59$1,371,086$805,185$680,121$1,400,824
60$1,471,111$804,814$663,080$1,492,604
61$1,580,084$803,169$644,213$1,592,430
62$1,698,879$800,150$623,419$1,701,093
63$1,828,455$795,648$600,595$1,819,464
64$1,969,872$789,549$575,629$1,948,504
65$2,124,292$781,731$548,406$2,089,271
66$2,292,999$772,065$518,807$2,242,930
67$2,477,403$760,414$486,705$2,410,766
68$2,679,057$746,633$451,968$2,594,193
69$2,899,672$730,569$414,460$2,794,769
70$3,141,132$712,060$374,038$3,014,212
71$3,405,509$690,933$330,550$3,254,415
72$3,695,089$667,007$283,841$3,517,462
73$4,012,385$640,087$233,748$3,805,651
74$4,360,169$609,972$180,098$4,121,514
75$4,741,489$576,444$122,715$4,467,841
76$5,159,707$539,275$61,412$4,847,705
77$5,618,522$498,225$0$5,264,495
78$6,122,011$453,038$0$5,722,158
79$6,674,664$403,444$0$6,228,105
80$7,281,426$349,159$0$6,783,601
81$7,947,744$289,881$0$7,393,654
82$8,679,621$225,292$0$8,063,784
83$9,483,668$155,056$0$8,800,071
84$10,367,166$78,819$0$9,609,217
85$11,338,142$0$0$10,498,605
86$12,405,432$0$0$11,476,831
87$13,578,776$0$0$12,562,764
88$14,868,904$0$0$13,756,793
89$16,287,634$0$0$15,069,861
90$17,847,991$0$0$16,514,024
91$19,564,324$0$0$18,102,562
92$21,452,442$0$0$19,850,111
93$23,529,763$0$0$21,772,794
94$25,815,480$0$0$23,888,377
95$28,330,739$0$0$26,216,435
96$31,098,840$0$0$28,778,534
97$34,145,455$0$0$31,598,441
98$37,498,874$0$0$34,702,339
99$41,190,264$0$0$38,119,082
100$45,253,971$0$0$41,880,462