Can I retire at age 51 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$60,200$59,664$59,141$58,630$58,131$57,862
2 years$29,802$29,247$28,709$28,188$27,682$27,410
3 years$19,671$19,113$18,577$18,060$17,562$17,296
4 years$14,606$14,050$13,519$13,011$12,526$12,268
5 years$11,568$11,016$10,491$9,994$9,522$9,272
6 years$9,543$8,995$8,479$7,992$7,534$7,294
7 years$8,098$7,554$7,046$6,571$6,127$5,896
8 years$7,014$6,475$5,975$5,512$5,083$4,861
9 years$6,171$5,638$5,147$4,695$4,281$4,068
10 years$5,498$4,969$4,487$4,047$3,647$3,444
11 years$4,947$4,424$3,950$3,522$3,137$2,942
12 years$4,488$3,971$3,506$3,090$2,718$2,532
13 years$4,101$3,588$3,132$2,728$2,371$2,193
14 years$3,769$3,262$2,814$2,421$2,078$1,909
15 years$3,481$2,980$2,541$2,159$1,830$1,668
16 years$3,230$2,734$2,304$1,933$1,617$1,464
17 years$3,008$2,518$2,096$1,737$1,434$1,288
18 years$2,811$2,326$1,914$1,566$1,275$1,137
19 years$2,636$2,156$1,752$1,415$1,136$1,005
20 years$2,478$2,004$1,608$1,281$1,015$891
21 years$2,335$1,866$1,479$1,163$908$791
22 years$2,205$1,742$1,363$1,057$814$703
23 years$2,087$1,629$1,258$963$731$626
24 years$1,979$1,527$1,164$878$657$558
25 years$1,879$1,433$1,078$802$591$498
26 years$1,788$1,346$1,000$733$532$445
27 years$1,703$1,267$928$671$480$398
28 years$1,625$1,194$863$615$433$356
29 years$1,552$1,126$803$564$391$318
30 years$1,484$1,064$748$518$353$285
31 years$1,421$1,006$697$475$320$256
32 years$1,361$952$651$437$289$229
33 years$1,306$901$608$402$262$206
34 years$1,253$854$568$370$237$184
35 years$1,204$810$531$340$214$165
36 years$1,158$769$496$313$194$149
37 years$1,114$730$465$289$176$133
38 years$1,073$694$435$266$160$120
39 years$1,034$660$408$245$145$108
40 years$997$628$382$226$131$97
41 years$962$598$358$209$119$87
42 years$928$569$336$193$108$78
43 years$896$542$315$178$98$70
44 years$866$517$296$164$89$63
45 years$837$493$278$152$81$57
46 years$810$470$261$140$73$51
47 years$784$449$245$129$67$46
48 years$759$428$231$120$61$41
49 years$735$409$217$111$55$37
50 years$712$391$204$102$50$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $729,000, adding $4,495 every year, while hoping to spend $42,783 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: 55/40/5 Blend
50$729,000$729,000$729,000$729,000
51$807,995$769,358$758,058$851,362
52$844,889$761,535$737,932$873,282
53$884,113$751,896$715,698$891,973
54$925,859$740,305$691,240$911,263
55$970,337$726,621$664,438$931,212
56$1,017,779$710,692$635,163$951,891
57$1,068,436$692,359$603,285$973,380
58$1,122,585$671,454$568,664$995,769
59$1,180,531$647,797$531,156$1,019,159
60$1,242,605$621,200$490,610$1,043,665
61$1,309,174$591,461$446,868$1,069,415
62$1,380,636$558,370$399,765$1,096,557
63$1,457,433$521,702$349,129$1,125,252
64$1,540,046$481,220$294,780$1,155,685
65$1,629,006$436,674$236,530$1,188,063
66$1,724,893$387,800$174,182$1,222,616
67$1,828,347$334,317$107,532$1,259,606
68$1,940,070$275,930$36,366$1,299,321
69$2,060,833$212,327$0$1,342,088
70$2,191,485$143,179$0$1,390,382
71$2,332,958$68,136$0$1,444,705
72$2,486,276$0$0$1,503,582
73$2,652,567$0$0$1,573,329
74$2,833,068$0$0$1,681,648
75$3,029,144$0$0$1,799,372
76$3,242,293$0$0$1,927,409
77$3,474,166$0$0$2,066,758
78$3,726,575$0$0$2,218,517
79$4,001,519$0$0$2,383,895
80$4,301,194$0$0$2,564,224
81$4,628,019$0$0$2,760,966
82$4,984,656$0$0$2,975,735
83$5,374,034$0$0$3,210,305
84$5,799,377$0$0$3,466,629
85$6,264,238$0$0$3,746,857
86$6,772,524$0$0$4,053,357
87$7,328,539$0$0$4,388,737
88$7,937,022$0$0$4,755,866
89$8,603,191$0$0$5,157,906
90$9,332,792$0$0$5,598,338
91$10,132,152$0$0$6,080,995
92$11,008,241$0$0$6,610,099
93$11,968,733$0$0$7,190,300
94$13,022,082$0$0$7,826,720
95$14,177,596$0$0$8,525,000
96$15,445,532$0$0$9,291,353
97$16,837,185$0$0$10,132,623
98$18,364,998$0$0$11,056,349
99$20,042,675$0$0$12,070,837
100$21,885,315$0$0$13,185,235