Can I retire at age 51 with 714,000?

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 $714,000?

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$58,961$58,436$57,924$57,424$56,935$55,069
2 years$29,189$28,645$28,118$27,608$27,112$25,249
3 years$19,266$18,720$18,194$17,688$17,201$15,401
4 years$14,305$13,761$13,241$12,744$12,268$10,544
5 years$11,330$10,789$10,275$9,788$9,326$7,682
6 years$9,347$8,810$8,304$7,828$7,379$5,818
7 years$7,931$7,399$6,901$6,436$6,001$4,522
8 years$6,870$6,342$5,852$5,399$4,979$3,580
9 years$6,044$5,522$5,041$4,598$4,193$2,873
10 years$5,385$4,867$4,395$3,964$3,572$2,330
11 years$4,845$4,333$3,869$3,450$3,072$1,904
12 years$4,396$3,889$3,434$3,026$2,662$1,567
13 years$4,016$3,515$3,068$2,671$2,322$1,295
14 years$3,691$3,195$2,756$2,371$2,035$1,075
15 years$3,409$2,918$2,489$2,115$1,792$896
16 years$3,163$2,678$2,256$1,894$1,584$748
17 years$2,946$2,466$2,053$1,701$1,404$626
18 years$2,754$2,279$1,874$1,533$1,249$525
19 years$2,581$2,112$1,716$1,385$1,113$441
20 years$2,427$1,962$1,575$1,255$994$371
21 years$2,287$1,828$1,448$1,139$890$312
22 years$2,160$1,706$1,335$1,035$797$263
23 years$2,044$1,596$1,233$943$716$222
24 years$1,938$1,495$1,140$860$643$187
25 years$1,841$1,403$1,056$785$579$158
26 years$1,751$1,319$979$718$521$134
27 years$1,668$1,241$909$657$470$113
28 years$1,591$1,169$845$602$424$95
29 years$1,520$1,103$787$552$383$81
30 years$1,453$1,042$733$507$346$68
31 years$1,391$985$683$466$313$58
32 years$1,333$932$637$428$283$49
33 years$1,279$883$595$393$256$41
34 years$1,227$837$556$362$232$35
35 years$1,179$793$520$333$210$30
36 years$1,134$753$486$307$190$25
37 years$1,091$715$455$283$173$21
38 years$1,051$680$426$261$156$18
39 years$1,012$646$399$240$142$15
40 years$976$615$374$222$129$13
41 years$942$585$351$205$117$11
42 years$909$557$329$189$106$9
43 years$878$531$309$174$96$8
44 years$848$506$290$161$87$7
45 years$820$483$272$149$79$6
46 years$793$461$256$137$72$5
47 years$768$440$240$127$65$4
48 years$743$420$226$117$59$3
49 years$720$401$212$108$54$3
50 years$697$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $714,000, adding $6,508 every year, while hoping to spend $23,248 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: 71/6/23 Blend
50$714,000$714,000$714,000$714,000
51$793,541$755,699$744,632$844,891
52$849,746$767,993$744,841$892,303
53$910,906$780,109$744,279$940,849
54$977,500$792,016$742,894$993,440
55$1,050,057$803,677$740,633$1,050,476
56$1,129,160$815,055$737,441$1,112,396
57$1,215,449$826,108$733,261$1,179,686
58$1,309,631$836,792$728,030$1,252,880
59$1,412,480$847,062$721,686$1,332,568
60$1,524,851$856,866$714,161$1,419,398
61$1,647,686$866,153$705,386$1,514,088
62$1,782,020$874,864$695,286$1,617,427
63$1,928,993$882,940$683,786$1,730,285
64$2,089,862$890,316$670,804$1,853,621
65$2,266,009$896,922$656,257$1,988,494
66$2,458,957$902,686$640,056$2,136,069
67$2,670,383$907,530$622,110$2,297,632
68$2,902,134$911,370$602,323$2,474,599
69$3,156,243$914,119$580,592$2,668,533
70$3,434,951$915,683$556,813$2,881,155
71$3,740,726$915,961$530,876$3,114,365
72$4,076,285$914,848$502,666$3,370,254
73$4,444,622$912,232$472,062$3,651,130
74$4,849,036$907,993$438,938$3,959,534
75$5,293,158$902,005$403,162$4,298,272
76$5,780,990$894,134$364,598$4,670,431
77$6,316,941$884,236$323,103$5,079,419
78$6,905,867$872,162$278,525$5,528,991
79$7,553,119$857,751$230,708$6,023,285
80$8,264,590$840,834$179,490$6,566,865
81$9,046,774$821,231$124,699$7,164,757
82$9,906,826$798,752$66,157$7,822,508
83$10,852,627$773,196$3,678$8,546,226
84$11,892,862$744,349$0$9,342,647
85$13,037,099$711,988$0$10,234,655
86$14,295,880$675,872$0$11,216,942
87$15,680,820$635,750$0$12,297,676
88$17,204,717$591,355$0$13,486,852
89$18,881,671$542,404$0$14,795,486
90$20,727,221$488,601$0$16,235,714
91$22,758,484$429,629$0$17,820,912
92$24,994,324$365,156$0$19,565,816
93$27,455,526$294,829$0$21,486,667
94$30,164,992$218,278$0$23,601,359
95$33,147,956$135,109$0$25,929,613
96$36,432,227$44,908$0$28,493,157
97$40,048,443$0$0$31,315,938
98$44,030,367$0$0$34,427,825
99$48,415,203$0$0$37,857,902
100$53,243,944$0$0$41,635,278