Can I retire at age 51 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$60,365$59,828$59,303$58,791$58,291$57,114
2 years$29,884$29,327$28,788$28,265$27,758$26,577
3 years$19,725$19,166$18,628$18,110$17,611$16,463
4 years$14,646$14,089$13,556$13,047$12,560$11,455
5 years$11,600$11,046$10,520$10,021$9,548$8,488
6 years$9,569$9,020$8,502$8,014$7,555$6,541
7 years$8,120$7,575$7,065$6,589$6,144$5,177
8 years$7,033$6,493$5,992$5,527$5,097$4,176
9 years$6,188$5,653$5,161$4,708$4,293$3,417
10 years$5,513$4,983$4,499$4,058$3,657$2,827
11 years$4,961$4,436$3,961$3,532$3,146$2,359
12 years$4,501$3,982$3,515$3,098$2,726$1,982
13 years$4,112$3,598$3,141$2,735$2,377$1,674
14 years$3,779$3,271$2,822$2,428$2,084$1,421
15 years$3,491$2,988$2,548$2,165$1,835$1,210
16 years$3,239$2,741$2,310$1,939$1,621$1,034
17 years$3,016$2,525$2,102$1,742$1,438$886
18 years$2,819$2,333$1,919$1,570$1,278$761
19 years$2,643$2,162$1,757$1,418$1,139$655
20 years$2,484$2,009$1,612$1,285$1,018$564
21 years$2,341$1,871$1,483$1,166$911$487
22 years$2,211$1,747$1,367$1,060$816$421
23 years$2,093$1,634$1,262$965$733$364
24 years$1,984$1,531$1,167$881$659$315
25 years$1,885$1,437$1,081$804$593$273
26 years$1,793$1,350$1,002$735$534$236
27 years$1,708$1,271$931$673$481$205
28 years$1,629$1,197$865$617$434$178
29 years$1,556$1,130$805$565$392$154
30 years$1,488$1,067$750$519$354$134
31 years$1,424$1,008$699$477$320$116
32 years$1,365$954$652$438$290$101
33 years$1,309$904$609$403$262$88
34 years$1,257$856$569$371$237$76
35 years$1,207$812$532$341$215$66
36 years$1,161$771$498$314$195$58
37 years$1,117$732$466$290$177$50
38 years$1,076$696$436$267$160$44
39 years$1,037$662$409$246$145$38
40 years$999$630$383$227$132$33
41 years$964$599$359$209$119$29
42 years$931$571$337$193$108$25
43 years$899$544$316$178$98$22
44 years$869$518$297$165$89$19
45 years$840$494$279$152$81$16
46 years$812$472$262$141$74$14
47 years$786$450$246$130$67$12
48 years$761$430$231$120$61$11
49 years$737$410$217$111$55$9
50 years$714$392$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 $731,000, adding $6,264 every year, while hoping to spend $29,487 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: 53/17/30 Blend
50$731,000$731,000$731,000$731,000
51$812,023$773,280$761,950$847,944
52$863,476$779,797$756,101$880,085
53$919,188$785,645$749,068$911,558
54$979,564$790,760$740,781$945,237
55$1,045,046$795,074$731,164$981,347
56$1,116,123$798,515$720,140$1,020,134
57$1,193,331$801,005$707,628$1,061,874
58$1,277,260$802,464$693,543$1,106,870
59$1,368,559$802,804$677,795$1,155,459
60$1,467,943$801,932$660,292$1,208,012
61$1,576,198$799,751$640,937$1,264,941
62$1,694,188$796,157$619,626$1,326,700
63$1,822,866$791,039$596,254$1,393,794
64$1,963,278$784,280$570,709$1,466,779
65$2,116,579$775,756$542,874$1,546,269
66$2,284,038$765,336$512,627$1,632,946
67$2,467,051$752,879$479,842$1,727,561
68$2,667,158$738,238$444,385$1,830,945
69$2,886,053$721,257$406,116$1,944,017
70$3,125,601$701,768$364,892$2,067,791
71$3,387,856$679,598$320,559$2,203,390
72$3,675,079$654,560$272,959$2,352,051
73$3,989,761$626,458$221,927$2,515,144
74$4,334,645$595,083$167,291$2,694,179
75$4,712,752$560,215$108,868$2,890,826
76$5,127,409$521,622$46,472$3,106,928
77$5,582,281$479,058$0$3,344,521
78$6,081,403$432,262$0$3,612,293
79$6,629,223$380,959$0$3,922,578
80$7,230,637$324,859$0$4,263,293
81$7,891,040$263,656$0$4,637,534
82$8,616,376$197,024$0$5,048,713
83$9,413,189$124,621$0$5,500,593
84$10,288,692$46,086$0$5,997,320
85$11,250,831$0$0$6,543,467
86$12,308,358$0$0$7,151,361
87$13,470,915$0$0$7,829,184
88$14,749,128$0$0$8,574,520
89$16,154,699$0$0$9,394,202
90$17,700,525$0$0$10,295,763
91$19,400,814$0$0$11,287,498
92$21,271,220$0$0$12,378,549
93$23,328,991$0$0$13,578,989
94$25,593,129$0$0$14,899,915
95$28,084,573$0$0$16,353,556
96$30,826,395$0$0$17,953,385
97$33,844,014$0$0$19,714,247
98$37,165,440$0$0$21,652,499
99$40,821,536$0$0$23,786,166
100$44,846,308$0$0$26,135,109