Can I retire at age 51 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$59,705$59,173$58,654$58,148$57,653$55,808
2 years$29,557$29,006$28,473$27,956$27,454$25,612
3 years$19,509$18,956$18,424$17,911$17,418$15,637
4 years$14,486$13,935$13,408$12,904$12,423$10,716
5 years$11,473$10,925$10,405$9,912$9,443$7,816
6 years$9,465$8,921$8,409$7,926$7,472$5,926
7 years$8,031$7,492$6,988$6,517$6,077$4,611
8 years$6,956$6,422$5,926$5,467$5,041$3,655
9 years$6,121$5,591$5,104$4,656$4,246$2,937
10 years$5,453$4,929$4,450$4,014$3,617$2,384
11 years$4,906$4,388$3,918$3,493$3,111$1,952
12 years$4,452$3,938$3,477$3,064$2,696$1,608
13 years$4,067$3,559$3,106$2,705$2,351$1,331
14 years$3,738$3,235$2,791$2,401$2,061$1,107
15 years$3,452$2,955$2,520$2,142$1,815$923
16 years$3,203$2,711$2,285$1,918$1,604$772
17 years$2,983$2,497$2,079$1,723$1,422$647
18 years$2,788$2,307$1,898$1,553$1,264$544
19 years$2,614$2,138$1,737$1,403$1,127$457
20 years$2,457$1,987$1,594$1,271$1,007$385
21 years$2,316$1,851$1,467$1,153$901$325
22 years$2,187$1,728$1,352$1,049$807$274
23 years$2,070$1,616$1,248$955$725$232
24 years$1,963$1,514$1,154$871$651$196
25 years$1,864$1,421$1,069$795$586$166
26 years$1,773$1,335$992$727$528$140
27 years$1,689$1,257$921$666$476$119
28 years$1,611$1,184$856$610$430$100
29 years$1,539$1,117$796$559$388$85
30 years$1,472$1,055$742$513$350$72
31 years$1,409$997$692$471$317$61
32 years$1,350$944$645$433$287$52
33 years$1,295$894$603$398$259$44
34 years$1,243$847$563$367$235$37
35 years$1,194$803$526$337$213$31
36 years$1,148$763$492$311$193$27
37 years$1,105$724$461$286$175$23
38 years$1,064$688$432$264$158$19
39 years$1,025$655$404$243$144$16
40 years$988$623$379$224$130$14
41 years$954$593$355$207$118$12
42 years$920$565$333$191$107$10
43 years$889$538$313$176$97$8
44 years$859$513$294$163$88$7
45 years$830$489$276$150$80$6
46 years$803$466$259$139$73$5
47 years$777$445$243$128$66$4
48 years$752$425$229$119$60$4
49 years$729$406$215$110$55$3
50 years$706$388$202$101$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $723,000, adding $5,337 every year, while hoping to spend $44,875 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: 57/33/10 Blend
50$723,000$723,000$723,000$723,000
51$802,251$763,932$752,726$845,743
52$836,334$753,618$730,195$865,389
53$872,389$741,295$705,406$881,325
54$910,571$726,816$678,235$897,609
55$951,047$710,028$648,554$914,279
56$994,001$690,766$616,227$931,379
57$1,039,633$668,858$581,115$948,962
58$1,088,164$644,120$543,071$967,087
59$1,139,833$616,358$501,940$985,822
60$1,194,904$585,368$457,563$1,005,245
61$1,253,664$550,931$409,771$1,025,444
62$1,316,430$512,818$358,390$1,046,520
63$1,383,546$470,787$303,237$1,068,588
64$1,455,394$424,581$244,121$1,091,778
65$1,532,387$373,929$180,842$1,116,236
66$1,614,983$318,544$113,193$1,142,128
67$1,703,682$258,123$40,956$1,169,642
68$1,799,033$192,347$0$1,198,989
69$1,901,640$120,877$0$1,234,262
70$2,012,164$43,358$0$1,276,786
71$2,131,333$0$0$1,322,514
72$2,259,947$0$0$1,386,548
73$2,398,882$0$0$1,472,779
74$2,549,104$0$0$1,566,067
75$2,711,674$0$0$1,667,077
76$2,887,755$0$0$1,776,539
77$3,078,631$0$0$1,895,259
78$3,285,711$0$0$2,024,120
79$3,510,544$0$0$2,164,094
80$3,754,836$0$0$2,316,251
81$4,020,461$0$0$2,481,768
82$4,309,482$0$0$2,661,939
83$4,624,171$0$0$2,858,189
84$4,967,024$0$0$3,072,086
85$5,340,790$0$0$3,305,355
86$5,748,495$0$0$3,559,894
87$6,193,468$0$0$3,837,794
88$6,679,376$0$0$4,141,356
89$7,210,253$0$0$4,473,113
90$7,790,541$0$0$4,835,853
91$8,425,130$0$0$5,232,647
92$9,119,407$0$0$5,666,875
93$9,879,300$0$0$6,142,260
94$10,711,337$0$0$6,662,902
95$11,622,709$0$0$7,233,314
96$12,621,334$0$0$7,858,468
97$13,715,932$0$0$8,543,839
98$14,916,106$0$0$9,295,458
99$16,232,434$0$0$10,119,967
100$17,676,567$0$0$11,024,682