Can I retire at age 51 with 707,000?

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 $707,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$58,383$57,863$57,356$56,861$56,377$55,858
2 years$28,903$28,364$27,843$27,337$26,846$26,323
3 years$19,077$18,536$18,016$17,515$17,032$16,522
4 years$14,165$13,626$13,111$12,619$12,148$11,653
5 years$11,219$10,683$10,175$9,692$9,234$8,758
6 years$9,255$8,724$8,223$7,751$7,307$6,848
7 years$7,853$7,326$6,833$6,373$5,942$5,503
8 years$6,802$6,280$5,795$5,346$4,930$4,508
9 years$5,985$5,468$4,991$4,553$4,152$3,749
10 years$5,332$4,819$4,351$3,925$3,537$3,152
11 years$4,798$4,291$3,831$3,416$3,042$2,675
12 years$4,353$3,851$3,400$2,996$2,636$2,287
13 years$3,977$3,480$3,038$2,645$2,299$1,966
14 years$3,655$3,163$2,729$2,348$2,015$1,699
15 years$3,376$2,890$2,464$2,094$1,774$1,474
16 years$3,132$2,651$2,234$1,875$1,568$1,284
17 years$2,917$2,442$2,033$1,685$1,390$1,121
18 years$2,727$2,256$1,856$1,518$1,236$982
19 years$2,556$2,091$1,699$1,372$1,102$862
20 years$2,403$1,943$1,559$1,243$984$757
21 years$2,264$1,810$1,434$1,128$881$667
22 years$2,139$1,690$1,322$1,025$790$588
23 years$2,024$1,580$1,220$934$709$519
24 years$1,919$1,481$1,129$852$637$459
25 years$1,823$1,389$1,045$778$573$406
26 years$1,734$1,306$970$711$516$360
27 years$1,652$1,229$900$651$466$319
28 years$1,576$1,158$837$596$420$283
29 years$1,505$1,092$779$547$379$251
30 years$1,439$1,032$725$502$343$223
31 years$1,378$975$676$461$310$198
32 years$1,320$923$631$424$280$176
33 years$1,266$874$589$390$254$156
34 years$1,215$828$551$358$230$139
35 years$1,168$786$515$330$208$123
36 years$1,123$746$481$304$188$110
37 years$1,080$708$451$280$171$98
38 years$1,040$673$422$258$155$87
39 years$1,003$640$395$238$140$77
40 years$967$609$371$219$127$69
41 years$932$580$348$203$116$61
42 years$900$552$326$187$105$55
43 years$869$526$306$173$95$49
44 years$840$501$287$159$86$43
45 years$812$478$270$147$78$39
46 years$785$456$253$136$71$34
47 years$760$435$238$126$65$31
48 years$736$415$224$116$59$27
49 years$713$397$210$107$53$24
50 years$690$379$198$99$48$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $707,000, adding $6,669 every year, while hoping to spend $32,384 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: 41/49/10 Blend
50$707,000$707,000$707,000$707,000
51$785,993$748,522$737,564$815,627
52$831,708$750,743$727,816$839,275
53$881,001$751,988$716,656$861,108
54$934,201$752,174$704,002$884,011
55$991,674$751,215$689,770$908,094
56$1,053,817$749,017$673,870$933,481
57$1,121,071$745,483$656,209$960,310
58$1,193,916$740,508$636,689$988,737
59$1,272,885$733,982$615,207$1,018,932
60$1,358,560$725,788$591,657$1,051,089
61$1,451,583$715,801$565,927$1,085,423
62$1,552,659$703,890$537,900$1,122,171
63$1,662,565$689,915$507,455$1,161,602
64$1,782,154$673,729$474,463$1,204,011
65$1,912,367$655,175$438,790$1,249,729
66$2,054,238$634,088$400,299$1,299,124
67$2,208,904$610,292$358,842$1,352,605
68$2,377,617$583,601$314,269$1,410,627
69$2,561,756$553,820$266,419$1,473,695
70$2,762,839$520,741$215,128$1,542,371
71$2,982,535$484,144$160,221$1,617,280
72$3,222,684$443,797$101,519$1,699,114
73$3,485,310$399,455$38,832$1,788,642
74$3,772,642$350,858$0$1,886,718
75$4,087,134$297,733$0$1,997,284
76$4,431,490$239,790$0$2,123,012
77$4,808,685$176,723$0$2,260,941
78$5,221,997$108,209$0$2,412,386
79$5,675,036$33,906$0$2,578,803
80$6,171,777$0$0$2,761,802
81$6,716,600$0$0$2,988,264
82$7,314,327$0$0$3,256,866
83$7,970,269$0$0$3,551,726
84$8,690,279$0$0$3,875,484
85$9,480,802$0$0$4,231,053
86$10,348,938$0$0$4,621,639
87$11,302,508$0$0$5,050,773
88$12,350,128$0$0$5,522,347
89$13,501,291$0$0$6,040,648
90$14,766,453$0$0$6,610,399
91$16,157,135$0$0$7,236,804
92$17,686,028$0$0$7,925,594
93$19,367,115$0$0$8,683,086
94$21,215,803$0$0$9,516,238
95$23,249,063$0$0$10,432,717
96$25,485,598$0$0$11,440,970
97$27,946,011$0$0$12,550,305
98$30,653,003$0$0$13,770,976
99$33,631,589$0$0$15,114,282
100$36,909,327$0$0$16,592,674