Can I retire at age 51 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$59,292$58,764$58,248$57,745$57,254$56,098
2 years$29,352$28,806$28,276$27,762$27,264$26,104
3 years$19,374$18,825$18,296$17,788$17,297$16,170
4 years$14,386$13,838$13,315$12,815$12,337$11,251
5 years$11,393$10,849$10,333$9,843$9,378$8,337
6 years$9,399$8,859$8,351$7,872$7,421$6,425
7 years$7,975$7,440$6,939$6,472$6,035$5,085
8 years$6,908$6,377$5,885$5,429$5,007$4,102
9 years$6,078$5,553$5,069$4,624$4,216$3,356
10 years$5,415$4,894$4,419$3,986$3,592$2,776
11 years$4,872$4,357$3,891$3,469$3,090$2,317
12 years$4,421$3,911$3,453$3,043$2,677$1,946
13 years$4,039$3,534$3,085$2,686$2,335$1,644
14 years$3,712$3,213$2,772$2,385$2,047$1,395
15 years$3,429$2,935$2,503$2,127$1,802$1,189
16 years$3,181$2,693$2,269$1,904$1,593$1,016
17 years$2,963$2,480$2,065$1,711$1,412$870
18 years$2,769$2,291$1,885$1,542$1,256$747
19 years$2,596$2,124$1,725$1,393$1,119$643
20 years$2,440$1,973$1,583$1,262$1,000$554
21 years$2,300$1,838$1,456$1,145$895$478
22 years$2,172$1,716$1,342$1,041$802$413
23 years$2,056$1,605$1,239$948$720$357
24 years$1,949$1,504$1,146$865$647$309
25 years$1,851$1,411$1,062$790$582$268
26 years$1,761$1,326$985$722$524$232
27 years$1,678$1,248$914$661$473$201
28 years$1,600$1,176$850$606$427$175
29 years$1,528$1,109$791$555$385$152
30 years$1,462$1,048$737$510$348$132
31 years$1,399$990$687$468$315$114
32 years$1,341$937$641$430$285$99
33 years$1,286$888$598$396$258$86
34 years$1,234$841$559$364$233$75
35 years$1,186$798$523$335$211$65
36 years$1,140$757$489$309$191$57
37 years$1,097$719$458$284$173$49
38 years$1,057$684$429$262$157$43
39 years$1,018$650$402$242$143$37
40 years$982$618$376$223$129$32
41 years$947$589$353$206$117$28
42 years$914$561$331$190$106$25
43 years$883$534$311$175$97$21
44 years$853$509$292$162$88$19
45 years$825$486$274$149$80$16
46 years$798$463$257$138$72$14
47 years$772$442$242$128$66$12
48 years$747$422$227$118$60$11
49 years$724$403$213$109$54$9
50 years$701$385$201$101$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $718,000, adding $4,390 every year, while hoping to spend $49,478 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: 60/31/9 Blend
50$718,000$718,000$718,000$718,000
51$795,764$757,710$746,581$841,643
52$824,288$742,194$718,948$857,426
53$854,063$724,259$688,730$868,602
54$885,164$703,735$655,789$879,564
55$917,674$680,440$619,981$890,293
56$951,679$654,184$581,153$900,772
57$987,275$624,764$539,146$910,984
58$1,024,566$591,967$493,797$920,911
59$1,063,663$555,564$444,930$930,537
60$1,104,688$515,318$392,366$939,849
61$1,147,772$470,974$335,916$948,834
62$1,193,058$422,266$275,383$957,482
63$1,240,702$368,909$210,561$965,783
64$1,290,874$310,605$141,234$973,733
65$1,343,756$247,038$67,179$981,331
66$1,399,551$177,875$0$988,579
67$1,458,478$102,763$0$996,622
68$1,520,774$21,330$0$1,011,295
69$1,586,700$0$0$1,026,184
70$1,656,542$0$0$1,064,135
71$1,730,609$0$0$1,112,127
72$1,809,242$0$0$1,163,106
73$1,892,812$0$0$1,217,318
74$1,981,725$0$0$1,275,030
75$2,076,427$0$0$1,336,535
76$2,177,404$0$0$1,402,154
77$2,285,190$0$0$1,472,240
78$2,400,370$0$0$1,547,176
79$2,523,583$0$0$1,627,387
80$2,655,533$0$0$1,713,334
81$2,796,991$0$0$1,805,527
82$2,948,800$0$0$1,904,522
83$3,111,889$0$0$2,010,933
84$3,287,277$0$0$2,125,429
85$3,476,080$0$0$2,248,750
86$3,679,526$0$0$2,381,705
87$3,898,964$0$0$2,525,185
88$4,135,874$0$0$2,680,166
89$4,391,884$0$0$2,847,724
90$4,668,784$0$0$3,029,040
91$4,968,538$0$0$3,225,412
92$5,293,308$0$0$3,438,267
93$5,645,472$0$0$3,669,175
94$6,027,642$0$0$3,919,862
95$6,442,692$0$0$4,192,226
96$6,893,785$0$0$4,488,357
97$7,384,399$0$0$4,810,552
98$7,918,360$0$0$5,161,338
99$8,499,879$0$0$5,543,499
100$9,133,588$0$0$5,960,094