Can I retire at age 51 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$59,787$59,255$58,735$58,228$57,733$55,552
2 years$29,598$29,046$28,512$27,994$27,492$25,320
3 years$19,536$18,982$18,449$17,936$17,442$15,347
4 years$14,506$13,954$13,426$12,922$12,440$10,438
5 years$11,489$10,940$10,419$9,925$9,456$7,554
6 years$9,478$8,933$8,420$7,937$7,483$5,680
7 years$8,042$7,502$6,997$6,526$6,085$4,382
8 years$6,966$6,431$5,934$5,474$5,048$3,442
9 years$6,129$5,599$5,111$4,663$4,251$2,741
10 years$5,460$4,935$4,456$4,019$3,622$2,204
11 years$4,913$4,394$3,923$3,498$3,115$1,787
12 years$4,458$3,944$3,482$3,068$2,700$1,457
13 years$4,073$3,564$3,111$2,709$2,354$1,194
14 years$3,743$3,239$2,795$2,405$2,064$982
15 years$3,457$2,959$2,523$2,145$1,817$811
16 years$3,208$2,715$2,288$1,920$1,606$671
17 years$2,988$2,500$2,082$1,725$1,424$556
18 years$2,792$2,311$1,900$1,555$1,266$462
19 years$2,618$2,141$1,740$1,405$1,128$384
20 years$2,461$1,990$1,597$1,272$1,008$320
21 years$2,319$1,853$1,469$1,155$902$267
22 years$2,190$1,730$1,354$1,050$809$222
23 years$2,073$1,618$1,250$956$726$186
24 years$1,965$1,516$1,156$872$652$155
25 years$1,867$1,423$1,071$796$587$130
26 years$1,776$1,337$993$728$529$108
27 years$1,692$1,258$922$667$477$91
28 years$1,614$1,186$857$611$430$76
29 years$1,541$1,119$798$560$388$63
30 years$1,474$1,057$743$514$351$53
31 years$1,411$999$693$472$317$44
32 years$1,352$945$646$434$287$37
33 years$1,297$895$603$399$260$31
34 years$1,245$848$564$367$235$26
35 years$1,196$805$527$338$213$22
36 years$1,150$764$493$311$193$18
37 years$1,106$725$462$287$175$15
38 years$1,065$689$432$264$159$13
39 years$1,027$655$405$244$144$11
40 years$990$624$380$225$130$9
41 years$955$594$356$207$118$8
42 years$922$565$334$191$107$6
43 years$890$539$313$177$97$5
44 years$860$513$294$163$88$4
45 years$832$490$276$151$80$4
46 years$804$467$259$139$73$3
47 years$778$446$244$129$66$3
48 years$753$425$229$119$60$2
49 years$730$406$215$110$55$2
50 years$707$388$202$101$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $724,000, adding $3,544 every year, while hoping to spend $29,540 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: 68/13/19 Blend
50$724,000$724,000$724,000$724,000
51$801,504$763,132$751,910$852,032
52$851,827$769,095$745,668$892,210
53$906,293$774,360$738,228$932,363
54$965,293$778,862$729,517$975,562
55$1,029,258$782,531$719,461$1,022,107
56$1,098,660$785,294$707,981$1,072,326
57$1,174,021$787,071$694,996$1,126,583
58$1,255,913$787,778$680,420$1,185,279
59$1,344,965$787,328$664,162$1,248,855
60$1,441,870$785,626$646,131$1,317,800
61$1,547,391$782,572$626,226$1,392,652
62$1,662,365$778,059$604,346$1,474,005
63$1,787,718$771,975$580,382$1,562,514
64$1,924,463$764,200$554,223$1,658,904
65$2,073,721$754,608$525,752$1,763,970
66$2,236,720$743,064$494,845$1,878,594
67$2,414,818$729,426$461,374$2,003,746
68$2,609,505$713,543$425,206$2,140,498
69$2,822,423$695,256$386,199$2,290,031
70$3,055,382$674,396$344,209$2,453,649
71$3,310,373$650,782$299,081$2,632,789
72$3,589,588$624,228$250,657$2,829,038
73$3,895,442$594,531$198,770$3,044,145
74$4,230,594$561,480$143,246$3,280,040
75$4,597,973$524,850$83,903$3,538,852
76$5,000,803$484,406$20,551$3,822,928
77$5,442,639$439,895$0$4,134,857
78$5,927,392$391,054$0$4,487,034
79$6,459,372$337,602$0$4,878,136
80$7,043,327$279,243$0$5,307,509
81$7,684,486$215,666$0$5,779,029
82$8,388,610$146,540$0$6,296,966
83$9,162,044$71,516$0$6,866,028
84$10,011,778$0$0$7,491,404
85$10,945,515$0$0$8,180,209
86$11,971,737$0$0$8,948,528
87$13,099,793$0$0$9,793,136
88$14,339,978$0$0$10,721,746
89$15,703,639$0$0$11,742,861
90$17,203,274$0$0$12,865,846
91$18,852,654$0$0$14,101,019
92$20,666,953$0$0$15,459,750
93$22,662,886$0$0$16,954,565
94$24,858,874$0$0$18,599,266
95$27,275,211$0$0$20,409,059
96$29,934,257$0$0$22,400,700
97$32,860,650$0$0$24,592,651
98$36,081,539$0$0$27,005,253
99$39,626,834$0$0$29,660,923
100$43,529,497$0$0$32,584,356