Can I retire at age 51 with 701,000?

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 $701,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$57,888$57,372$56,869$56,378$55,899$54,174
2 years$28,657$28,124$27,606$27,105$26,618$24,896
3 years$18,915$18,379$17,863$17,366$16,888$15,222
4 years$14,045$13,511$13,000$12,511$12,045$10,448
5 years$11,124$10,592$10,088$9,610$9,156$7,632
6 years$9,177$8,650$8,153$7,685$7,245$5,796
7 years$7,787$7,264$6,775$6,318$5,892$4,517
8 years$6,745$6,226$5,746$5,300$4,888$3,587
9 years$5,934$5,421$4,949$4,515$4,116$2,888
10 years$5,287$4,779$4,315$3,892$3,507$2,349
11 years$4,757$4,254$3,798$3,387$3,016$1,926
12 years$4,316$3,818$3,371$2,971$2,614$1,590
13 years$3,943$3,451$3,012$2,623$2,279$1,319
14 years$3,624$3,136$2,706$2,328$1,998$1,099
15 years$3,347$2,865$2,443$2,076$1,759$919
16 years$3,106$2,629$2,215$1,859$1,555$770
17 years$2,893$2,421$2,016$1,670$1,379$647
18 years$2,703$2,237$1,840$1,505$1,226$545
19 years$2,534$2,073$1,685$1,360$1,093$459
20 years$2,382$1,927$1,546$1,232$976$388
21 years$2,245$1,795$1,422$1,118$873$328
22 years$2,121$1,675$1,311$1,017$783$277
23 years$2,007$1,567$1,210$926$703$235
24 years$1,903$1,468$1,119$844$632$199
25 years$1,807$1,378$1,037$771$568$169
26 years$1,719$1,295$961$705$512$143
27 years$1,638$1,219$893$645$462$121
28 years$1,562$1,148$830$591$417$103
29 years$1,492$1,083$772$542$376$87
30 years$1,427$1,023$719$498$340$74
31 years$1,366$967$671$457$307$63
32 years$1,309$915$626$420$278$54
33 years$1,255$867$584$386$252$45
34 years$1,205$821$546$355$228$39
35 years$1,158$779$510$327$206$33
36 years$1,113$739$477$301$187$28
37 years$1,071$702$447$278$169$24
38 years$1,032$667$418$256$154$20
39 years$994$635$392$236$139$17
40 years$958$604$367$218$126$15
41 years$925$575$345$201$115$12
42 years$892$547$323$185$104$11
43 years$862$522$303$171$94$9
44 years$833$497$285$158$86$8
45 years$805$474$267$146$78$6
46 years$779$452$251$135$71$6
47 years$754$432$236$124$64$5
48 years$729$412$222$115$58$4
49 years$706$393$208$106$53$3
50 years$684$376$196$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $701,000, adding $5,718 every year, while hoping to spend $45,626 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: 41/42/17 Blend
50$701,000$701,000$701,000$701,000
51$778,400$741,247$730,382$806,198
52$809,251$729,023$706,304$814,228
53$841,720$714,670$679,890$818,038
54$875,923$698,036$651,014$821,198
55$911,988$678,961$619,544$823,670
56$950,053$657,272$585,341$825,418
57$990,270$632,790$548,261$826,405
58$1,032,803$605,322$508,153$826,596
59$1,077,832$574,666$464,860$825,954
60$1,125,555$540,609$418,216$824,445
61$1,176,185$502,922$368,050$822,036
62$1,229,958$461,368$314,182$818,697
63$1,287,131$415,692$256,425$814,399
64$1,347,985$365,627$194,581$809,117
65$1,412,827$310,890$128,447$802,830
66$1,481,994$251,182$57,809$795,520
67$1,555,855$186,189$0$787,177
68$1,634,816$115,575$0$780,983
69$1,719,319$38,990$0$785,151
70$1,809,850$0$0$789,239
71$1,906,943$0$0$813,623
72$2,011,183$0$0$859,209
73$2,123,211$0$0$908,267
74$2,243,734$0$0$961,114
75$2,373,525$0$0$1,018,098
76$2,513,433$0$0$1,079,600
77$2,664,394$0$0$1,146,043
78$2,827,431$0$0$1,217,886
79$3,003,674$0$0$1,295,639
80$3,194,360$0$0$1,379,858
81$3,400,853$0$0$1,471,158
82$3,624,648$0$0$1,570,212
83$3,867,394$0$0$1,677,764
84$4,130,899$0$0$1,794,629
85$4,417,157$0$0$1,921,704
86$4,728,358$0$0$2,059,978
87$5,066,912$0$0$2,210,537
88$5,435,470$0$0$2,374,577
89$5,836,951$0$0$2,553,414
90$6,274,566$0$0$2,748,496
91$6,751,848$0$0$2,961,418
92$7,272,687$0$0$3,193,934
93$7,841,364$0$0$3,447,975
94$8,462,592$0$0$3,725,669
95$9,141,561$0$0$4,029,356
96$9,883,981$0$0$4,361,616
97$10,696,142$0$0$4,725,285
98$11,584,970$0$0$5,123,491
99$12,558,090$0$0$5,559,674
100$13,623,898$0$0$6,037,627