Can I retire at age 51 with 712,000?

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 $712,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$58,796$58,273$57,762$57,263$56,776$54,914
2 years$29,107$28,565$28,040$27,530$27,036$25,179
3 years$19,212$18,668$18,143$17,639$17,153$15,357
4 years$14,265$13,723$13,204$12,708$12,234$10,514
5 years$11,298$10,759$10,247$9,761$9,300$7,661
6 years$9,321$8,785$8,281$7,806$7,359$5,801
7 years$7,909$7,378$6,881$6,418$5,984$4,509
8 years$6,850$6,324$5,836$5,384$4,965$3,570
9 years$6,028$5,506$5,027$4,586$4,181$2,865
10 years$5,370$4,854$4,382$3,953$3,562$2,323
11 years$4,832$4,321$3,858$3,440$3,064$1,899
12 years$4,384$3,878$3,424$3,017$2,655$1,562
13 years$4,005$3,505$3,059$2,664$2,315$1,292
14 years$3,681$3,186$2,749$2,365$2,030$1,072
15 years$3,400$2,910$2,482$2,109$1,787$893
16 years$3,154$2,670$2,250$1,888$1,579$746
17 years$2,938$2,459$2,047$1,697$1,400$625
18 years$2,746$2,272$1,869$1,529$1,245$524
19 years$2,574$2,106$1,711$1,382$1,110$440
20 years$2,420$1,957$1,570$1,251$991$370
21 years$2,280$1,823$1,444$1,136$887$312
22 years$2,154$1,701$1,331$1,033$795$263
23 years$2,038$1,591$1,229$940$714$221
24 years$1,933$1,491$1,137$858$642$187
25 years$1,836$1,399$1,053$783$577$158
26 years$1,746$1,315$976$716$520$133
27 years$1,664$1,238$907$656$469$113
28 years$1,587$1,166$843$601$423$95
29 years$1,516$1,100$784$551$382$80
30 years$1,449$1,039$731$505$345$68
31 years$1,387$982$681$464$312$58
32 years$1,329$929$636$427$282$49
33 years$1,275$880$593$392$255$41
34 years$1,224$834$554$361$231$35
35 years$1,176$791$518$332$209$30
36 years$1,131$751$485$306$190$25
37 years$1,088$713$454$282$172$21
38 years$1,048$678$425$260$156$18
39 years$1,010$645$398$240$141$15
40 years$973$613$373$221$128$13
41 years$939$584$350$204$116$11
42 years$906$556$328$188$106$9
43 years$875$530$308$174$96$8
44 years$846$505$289$160$87$7
45 years$818$481$272$148$79$6
46 years$791$459$255$137$72$5
47 years$765$438$240$126$65$4
48 years$741$418$225$117$59$3
49 years$718$400$212$108$54$3
50 years$695$382$199$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $712,000, adding $6,587 every year, while hoping to spend $58,928 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: 70/21/9 Blend
50$712,000$712,000$712,000$712,000
51$791,418$753,682$742,646$845,031
52$809,444$727,914$704,826$855,628
53$827,334$698,908$663,764$859,386
54$845,010$666,443$619,289$861,906
55$862,389$630,286$571,222$863,054
56$879,372$590,190$519,378$862,683
57$895,852$545,893$463,561$860,635
58$911,707$497,120$403,568$856,736
59$926,800$443,577$339,186$850,797
60$940,978$384,957$270,194$842,611
61$954,071$320,934$196,359$831,954
62$965,889$251,162$117,440$818,581
63$976,220$175,279$33,184$802,225
64$984,826$92,899$0$782,593
65$991,444$3,617$0$764,817
66$995,781$0$0$746,855
67$997,512$0$0$746,658
68$996,275$0$0$744,985
69$991,668$0$0$740,689
70$983,244$0$0$733,426
71$970,510$0$0$722,814
72$952,916$0$0$708,428
73$929,855$0$0$689,799
74$900,655$0$0$666,408
75$864,568$0$0$637,677
76$820,769$0$0$602,970
77$768,346$0$0$561,580
78$706,288$0$0$512,728
79$633,475$0$0$455,549
80$548,673$0$0$389,090
81$450,515$0$0$312,294
82$337,489$0$0$223,997
83$207,927$0$0$122,908
84$59,984$0$0$7,604
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$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