Can I retire at age 51 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$59,044$58,518$58,005$57,504$57,015$55,796
2 years$29,230$28,685$28,158$27,646$27,150$25,927
3 years$19,293$18,746$18,220$17,713$17,225$16,037
4 years$14,325$13,780$13,259$12,761$12,285$11,141
5 years$11,346$10,804$10,290$9,802$9,339$8,243
6 years$9,360$8,822$8,316$7,839$7,390$6,342
7 years$7,942$7,409$6,910$6,445$6,010$5,011
8 years$6,879$6,351$5,861$5,406$4,986$4,035
9 years$6,053$5,530$5,048$4,605$4,199$3,296
10 years$5,392$4,874$4,401$3,969$3,577$2,721
11 years$4,852$4,339$3,874$3,455$3,077$2,266
12 years$4,402$3,895$3,438$3,030$2,666$1,900
13 years$4,022$3,519$3,072$2,675$2,325$1,602
14 years$3,696$3,199$2,760$2,375$2,038$1,357
15 years$3,414$2,922$2,492$2,118$1,794$1,154
16 years$3,168$2,681$2,259$1,896$1,586$984
17 years$2,950$2,469$2,056$1,704$1,406$841
18 years$2,757$2,282$1,877$1,535$1,250$721
19 years$2,585$2,115$1,718$1,387$1,114$619
20 years$2,430$1,965$1,577$1,257$995$532
21 years$2,290$1,830$1,450$1,140$891$458
22 years$2,163$1,709$1,337$1,037$799$395
23 years$2,047$1,598$1,234$944$717$341
24 years$1,941$1,497$1,141$861$644$294
25 years$1,843$1,405$1,057$787$580$254
26 years$1,754$1,321$981$719$522$220
27 years$1,671$1,243$911$658$471$190
28 years$1,594$1,171$846$603$425$164
29 years$1,522$1,105$788$553$384$142
30 years$1,455$1,043$734$508$347$123
31 years$1,393$986$684$466$313$107
32 years$1,335$933$638$428$283$93
33 years$1,280$884$596$394$257$80
34 years$1,229$838$557$363$232$70
35 years$1,181$795$521$334$210$60
36 years$1,136$754$487$307$191$52
37 years$1,093$716$456$283$173$45
38 years$1,052$681$427$261$157$39
39 years$1,014$647$400$241$142$34
40 years$978$616$375$222$129$30
41 years$943$586$351$205$117$26
42 years$910$558$330$189$106$22
43 years$879$532$309$174$96$19
44 years$850$507$290$161$87$17
45 years$821$484$273$149$79$15
46 years$794$461$256$137$72$13
47 years$769$440$241$127$65$11
48 years$744$420$226$117$59$10
49 years$721$401$213$108$54$8
50 years$698$383$200$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $715,000, adding $6,434 every year, while hoping to spend $28,025 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: 39/34/27 Blend
50$715,000$715,000$715,000$715,000
51$794,567$756,672$745,589$818,982
52$845,794$763,930$740,748$844,623
53$901,307$770,605$734,805$869,266
54$961,514$776,638$727,695$895,373
55$1,026,863$781,968$719,347$923,095
56$1,097,846$786,527$709,688$952,601
57$1,175,006$790,247$698,643$984,077
58$1,258,940$793,052$686,130$1,017,730
59$1,350,303$794,863$672,067$1,053,792
60$1,449,819$795,596$656,366$1,092,519
61$1,558,281$795,161$638,935$1,134,193
62$1,676,565$793,463$619,679$1,179,132
63$1,805,633$790,401$598,496$1,227,684
64$1,946,545$785,868$575,283$1,280,237
65$2,100,467$779,750$549,929$1,337,222
66$2,268,683$771,927$522,321$1,399,115
67$2,452,608$762,270$492,337$1,466,446
68$2,653,797$750,644$459,853$1,539,801
69$2,873,964$736,906$424,739$1,619,827
70$3,114,998$720,903$386,856$1,707,244
71$3,378,975$702,475$346,064$1,802,848
72$3,668,184$681,450$302,211$1,907,520
73$3,985,147$657,649$255,143$2,022,235
74$4,332,638$630,880$204,696$2,148,073
75$4,713,715$600,941$150,701$2,286,229
76$5,131,744$567,618$92,980$2,438,024
77$5,590,436$530,685$31,349$2,604,919
78$6,093,875$489,903$0$2,788,532
79$6,646,560$445,018$0$3,000,567
80$7,253,450$395,765$0$3,243,366
81$7,920,004$341,859$0$3,510,133
82$8,652,238$283,003$0$3,803,348
83$9,456,777$218,882$0$4,125,745
84$10,340,923$149,162$0$4,480,342
85$11,312,719$73,492$0$4,870,471
86$12,381,023$0$0$5,299,805
87$13,555,598$0$0$5,775,581
88$14,847,199$0$0$6,329,099
89$16,267,674$0$0$6,937,955
90$17,830,079$0$0$7,607,758
91$19,548,797$0$0$8,344,688
92$21,439,675$0$0$9,155,555
93$23,520,176$0$0$10,047,860
94$25,809,537$0$0$11,029,872
95$28,328,959$0$0$12,110,698
96$31,101,796$0$0$13,300,376
97$34,153,787$0$0$14,609,964
98$37,513,289$0$0$16,051,648
99$41,211,547$0$0$17,638,855
100$45,282,993$0$0$19,386,381