Can I retire at age 51 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$59,127$58,600$58,086$57,585$57,095$54,916
2 years$29,271$28,725$28,197$27,685$27,188$25,019
3 years$19,320$18,772$18,245$17,738$17,249$15,158
4 years$14,346$13,800$13,278$12,779$12,302$10,304
5 years$11,362$10,819$10,304$9,816$9,352$7,453
6 years$9,373$8,835$8,327$7,850$7,400$5,600
7 years$7,953$7,419$6,920$6,454$6,018$4,318
8 years$6,889$6,360$5,869$5,414$4,993$3,390
9 years$6,061$5,537$5,055$4,611$4,204$2,698
10 years$5,400$4,881$4,407$3,975$3,582$2,168
11 years$4,859$4,345$3,880$3,459$3,081$1,757
12 years$4,408$3,900$3,443$3,034$2,670$1,432
13 years$4,028$3,524$3,076$2,679$2,328$1,172
14 years$3,701$3,204$2,764$2,378$2,041$964
15 years$3,419$2,927$2,496$2,121$1,797$795
16 years$3,172$2,685$2,263$1,899$1,588$657
17 years$2,955$2,473$2,059$1,706$1,408$545
18 years$2,761$2,285$1,879$1,538$1,252$452
19 years$2,589$2,118$1,721$1,389$1,116$376
20 years$2,433$1,968$1,579$1,258$997$313
21 years$2,293$1,833$1,452$1,142$892$260
22 years$2,166$1,711$1,339$1,038$800$217
23 years$2,050$1,600$1,236$946$718$181
24 years$1,944$1,499$1,143$862$645$151
25 years$1,846$1,407$1,059$788$581$126
26 years$1,756$1,322$982$720$523$105
27 years$1,673$1,245$912$659$471$88
28 years$1,596$1,173$848$604$425$74
29 years$1,524$1,106$789$554$384$61
30 years$1,457$1,045$735$508$347$51
31 years$1,395$988$685$467$314$43
32 years$1,337$935$639$429$284$36
33 years$1,282$885$597$395$257$30
34 years$1,231$839$558$363$233$25
35 years$1,183$796$521$334$211$21
36 years$1,137$755$488$308$191$18
37 years$1,094$717$456$284$173$15
38 years$1,054$682$427$261$157$12
39 years$1,015$648$400$241$142$10
40 years$979$617$375$222$129$9
41 years$944$587$352$205$117$7
42 years$912$559$330$189$106$6
43 years$880$533$310$175$96$5
44 years$851$508$291$161$87$4
45 years$822$484$273$149$79$4
46 years$795$462$256$138$72$3
47 years$770$441$241$127$65$2
48 years$745$421$226$117$59$2
49 years$722$402$213$109$54$2
50 years$699$384$200$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $716,000, adding $4,441 every year, while hoping to spend $54,350 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: 70/12/18 Blend
50$716,000$716,000$716,000$716,000
51$793,613$755,665$744,567$845,446
52$816,733$734,864$711,682$859,745
53$840,391$711,223$675,874$868,508
54$864,582$684,545$636,987$876,734
55$889,303$654,621$594,859$884,361
56$914,546$621,231$549,321$891,325
57$940,301$584,144$500,195$897,558
58$966,557$543,111$447,297$902,982
59$993,296$497,875$390,432$907,519
60$1,020,500$448,158$329,399$911,080
61$1,048,144$393,670$263,987$913,572
62$1,076,199$334,105$193,975$914,892
63$1,104,633$269,137$119,134$914,931
64$1,133,404$198,424$39,224$913,572
65$1,162,467$121,602$0$910,686
66$1,191,768$38,290$0$914,980
67$1,221,246$0$0$926,075
68$1,250,830$0$0$943,177
69$1,280,440$0$0$965,334
70$1,309,984$0$0$987,419
71$1,339,357$0$0$1,009,350
72$1,368,444$0$0$1,031,036
73$1,397,109$0$0$1,052,375
74$1,425,205$0$0$1,073,249
75$1,452,563$0$0$1,093,529
76$1,478,994$0$0$1,113,068
77$1,504,286$0$0$1,131,702
78$1,528,203$0$0$1,149,247
79$1,550,480$0$0$1,165,499
80$1,570,820$0$0$1,180,227
81$1,588,894$0$0$1,193,177
82$1,604,334$0$0$1,204,064
83$1,616,729$0$0$1,212,570
84$1,625,626$0$0$1,218,344
85$1,630,515$0$0$1,220,992
86$1,630,833$0$0$1,220,079
87$1,625,956$0$0$1,215,121
88$1,615,187$0$0$1,205,581
89$1,597,757$0$0$1,190,863
90$1,572,810$0$0$1,170,307
91$1,539,399$0$0$1,143,181
92$1,496,474$0$0$1,108,673
93$1,442,872$0$0$1,065,885
94$1,377,307$0$0$1,013,823
95$1,298,353$0$0$951,385
96$1,204,433$0$0$877,355
97$1,093,803$0$0$790,385
98$964,534$0$0$688,986
99$814,493$0$0$571,511
100$641,323$0$0$436,138