Can I retire at age 51 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$59,622$59,091$58,573$58,067$57,573$55,267
2 years$29,516$28,966$28,433$27,917$27,416$25,121
3 years$19,482$18,930$18,398$17,887$17,394$15,183
4 years$14,466$13,915$13,389$12,886$12,405$10,296
5 years$11,457$10,910$10,391$9,898$9,430$7,427
6 years$9,452$8,909$8,397$7,915$7,462$5,566
7 years$8,020$7,481$6,978$6,508$6,069$4,279
8 years$6,947$6,413$5,918$5,459$5,034$3,350
9 years$6,112$5,584$5,097$4,650$4,240$2,657
10 years$5,445$4,922$4,444$4,008$3,612$2,129
11 years$4,900$4,382$3,912$3,488$3,107$1,719
12 years$4,445$3,933$3,472$3,060$2,692$1,396
13 years$4,061$3,554$3,102$2,701$2,348$1,140
14 years$3,732$3,230$2,787$2,398$2,058$934
15 years$3,448$2,951$2,516$2,139$1,812$767
16 years$3,199$2,708$2,282$1,915$1,601$632
17 years$2,979$2,494$2,076$1,720$1,420$522
18 years$2,784$2,304$1,895$1,551$1,263$431
19 years$2,610$2,135$1,735$1,401$1,125$357
20 years$2,454$1,984$1,592$1,269$1,005$296
21 years$2,312$1,848$1,465$1,152$900$246
22 years$2,184$1,725$1,350$1,047$806$204
23 years$2,067$1,614$1,246$954$724$169
24 years$1,960$1,512$1,153$870$651$141
25 years$1,861$1,419$1,068$794$585$117
26 years$1,771$1,334$990$726$527$97
27 years$1,687$1,255$919$665$475$81
28 years$1,609$1,183$855$609$429$67
29 years$1,537$1,116$795$559$387$56
30 years$1,470$1,054$741$513$350$47
31 years$1,407$996$691$471$316$39
32 years$1,348$942$644$433$286$32
33 years$1,293$892$602$398$259$27
34 years$1,241$846$562$366$235$23
35 years$1,193$802$526$337$212$19
36 years$1,147$761$492$310$192$16
37 years$1,103$723$460$286$174$13
38 years$1,062$687$431$264$158$11
39 years$1,024$654$404$243$143$9
40 years$987$622$378$224$130$8
41 years$952$592$355$207$118$6
42 years$919$564$333$191$107$5
43 years$888$537$312$176$97$4
44 years$858$512$293$163$88$4
45 years$829$488$275$150$80$3
46 years$802$466$259$139$73$3
47 years$776$444$243$128$66$2
48 years$751$424$228$118$60$2
49 years$728$405$215$109$54$1
50 years$705$387$202$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $722,000, adding $4,338 every year, while hoping to spend $54,381 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: 39/44/17 Blend
50$722,000$722,000$722,000$722,000
51$800,119$761,853$750,662$827,103
52$823,870$741,322$717,948$826,266
53$848,221$717,964$682,316$819,812
54$873,176$691,580$643,609$811,685
55$898,737$661,965$601,668$801,763
56$924,905$628,898$556,320$789,913
57$951,679$592,147$507,390$775,999
58$979,055$551,468$454,693$759,873
59$1,007,028$506,599$398,035$741,378
60$1,035,590$457,268$337,214$720,350
61$1,064,730$403,183$272,020$696,613
62$1,094,432$344,039$202,233$669,980
63$1,124,679$279,511$127,622$640,254
64$1,155,447$209,258$47,948$607,225
65$1,186,709$132,918$0$570,671
66$1,218,432$50,110$0$537,081
67$1,250,577$0$0$509,198
68$1,283,098$0$0$497,258
69$1,315,944$0$0$509,667
70$1,349,051$0$0$522,135
71$1,382,350$0$0$534,630
72$1,415,760$0$0$547,116
73$1,449,189$0$0$559,550
74$1,482,532$0$0$571,887
75$1,515,670$0$0$584,073
76$1,548,468$0$0$596,048
77$1,580,775$0$0$607,745
78$1,612,420$0$0$619,089
79$1,643,210$0$0$629,994
80$1,672,931$0$0$640,366
81$1,701,339$0$0$650,099
82$1,728,164$0$0$659,073
83$1,753,105$0$0$667,157
84$1,775,822$0$0$674,202
85$1,795,939$0$0$680,044
86$1,813,037$0$0$684,500
87$1,826,646$0$0$687,366
88$1,836,247$0$0$688,415
89$1,841,261$0$0$687,395
90$1,841,044$0$0$684,028
91$1,834,882$0$0$678,003
92$1,821,983$0$0$668,975
93$1,801,466$0$0$656,564
94$1,772,356$0$0$640,346
95$1,733,571$0$0$619,854
96$1,683,914$0$0$594,569
97$1,622,058$0$0$563,916
98$1,546,534$0$0$527,261
99$1,455,716$0$0$483,901
100$1,347,804$0$0$433,058