Can I retire at age 51 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$59,209$58,682$58,167$57,665$57,175$56,790
2 years$29,311$28,766$28,237$27,724$27,226$26,839
3 years$19,347$18,799$18,271$17,763$17,273$16,895
4 years$14,366$13,819$13,297$12,797$12,319$11,952
5 years$11,378$10,834$10,319$9,829$9,365$9,011
6 years$9,386$8,847$8,339$7,861$7,410$7,069
7 years$7,964$7,430$6,930$6,463$6,027$5,699
8 years$6,898$6,369$5,877$5,421$5,000$4,685
9 years$6,070$5,545$5,062$4,618$4,210$3,909
10 years$5,407$4,888$4,413$3,981$3,587$3,299
11 years$4,866$4,351$3,885$3,464$3,085$2,810
12 years$4,415$3,905$3,448$3,039$2,674$2,411
13 years$4,033$3,529$3,081$2,683$2,331$2,081
14 years$3,707$3,208$2,768$2,381$2,044$1,806
15 years$3,424$2,931$2,499$2,124$1,800$1,573
16 years$3,177$2,689$2,266$1,902$1,590$1,375
17 years$2,959$2,476$2,062$1,709$1,410$1,206
18 years$2,765$2,288$1,882$1,540$1,254$1,061
19 years$2,592$2,121$1,723$1,391$1,118$935
20 years$2,437$1,971$1,581$1,260$998$826
21 years$2,296$1,836$1,454$1,144$893$730
22 years$2,169$1,713$1,340$1,040$801$647
23 years$2,053$1,603$1,238$947$719$574
24 years$1,946$1,501$1,145$864$646$510
25 years$1,849$1,409$1,060$789$581$453
26 years$1,758$1,324$983$721$524$403
27 years$1,675$1,246$913$660$472$359
28 years$1,598$1,174$849$605$426$320
29 years$1,526$1,108$790$555$385$285
30 years$1,460$1,046$736$509$348$254
31 years$1,397$989$686$468$314$227
32 years$1,339$936$640$430$284$203
33 years$1,284$886$598$395$257$181
34 years$1,233$840$558$364$233$162
35 years$1,184$797$522$335$211$145
36 years$1,139$756$488$308$191$129
37 years$1,096$718$457$284$173$116
38 years$1,055$683$428$262$157$103
39 years$1,017$649$401$241$142$92
40 years$980$618$376$223$129$83
41 years$946$588$352$205$117$74
42 years$913$560$331$190$106$66
43 years$882$533$310$175$97$59
44 years$852$508$291$162$88$53
45 years$824$485$273$149$80$48
46 years$797$463$257$138$72$43
47 years$771$441$241$127$66$38
48 years$746$421$227$118$60$34
49 years$723$402$213$109$54$31
50 years$700$384$200$101$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $717,000, adding $4,054 every year, while hoping to spend $41,336 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: 53/17/30 Blend
50$717,000$717,000$717,000$717,000
51$794,316$756,315$745,201$829,548
52$831,355$749,393$726,184$847,540
53$870,786$740,747$705,145$862,605
54$912,811$730,248$681,972$878,197
55$957,648$717,760$656,548$894,381
56$1,005,538$703,140$628,752$911,237
57$1,056,744$686,235$598,457$928,850
58$1,111,556$666,884$565,529$947,320
59$1,170,289$644,917$529,829$966,759
60$1,233,292$620,151$491,211$987,291
61$1,300,946$592,396$449,525$1,009,060
62$1,373,669$561,450$404,611$1,032,223
63$1,451,920$527,099$356,302$1,056,959
64$1,536,205$489,115$304,427$1,083,470
65$1,627,077$447,261$248,804$1,111,980
66$1,725,144$401,282$189,244$1,142,741
67$1,831,075$350,911$125,551$1,176,036
68$1,945,605$295,866$57,517$1,212,178
69$2,069,542$235,849$0$1,251,520
70$2,203,773$170,543$0$1,299,285
71$2,349,274$99,616$0$1,371,043
72$2,507,119$22,717$0$1,448,927
73$2,678,488$0$0$1,533,560
74$2,864,680$0$0$1,636,952
75$3,067,122$0$0$1,754,051
76$3,287,386$0$0$1,881,522
77$3,527,201$0$0$2,020,375
78$3,788,469$0$0$2,171,720
79$4,073,282$0$0$2,336,778
80$4,383,947$0$0$2,516,893
81$4,722,997$0$0$2,713,545
82$5,093,225$0$0$2,928,364
83$5,497,703$0$0$3,163,143
84$5,939,815$0$0$3,419,855
85$6,423,285$0$0$3,700,676
86$6,952,213$0$0$4,007,998
87$7,531,115$0$0$4,344,458
88$8,164,963$0$0$4,712,957
89$8,859,232$0$0$5,116,692
90$9,619,952$0$0$5,559,182
91$10,453,764$0$0$6,044,306
92$11,367,980$0$0$6,576,332
93$12,370,656$0$0$7,159,962
94$13,470,665$0$0$7,800,378
95$14,677,777$0$0$8,503,284
96$16,002,758$0$0$9,274,966
97$17,457,464$0$0$10,122,346
98$19,054,957$0$0$11,053,051
99$20,809,624$0$0$12,075,482
100$22,737,315$0$0$13,198,894