Can I retire at age 51 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$60,365$59,828$59,303$58,791$58,291$56,813
2 years$29,884$29,327$28,788$28,265$27,758$26,278
3 years$19,725$19,166$18,628$18,110$17,611$16,176
4 years$14,646$14,089$13,556$13,047$12,560$11,181
5 years$11,600$11,046$10,520$10,021$9,548$8,228
6 years$9,569$9,020$8,502$8,014$7,555$6,296
7 years$8,120$7,575$7,065$6,589$6,144$4,947
8 years$7,033$6,493$5,992$5,527$5,097$3,960
9 years$6,188$5,653$5,161$4,708$4,293$3,215
10 years$5,513$4,983$4,499$4,058$3,657$2,639
11 years$4,961$4,436$3,961$3,532$3,146$2,183
12 years$4,501$3,982$3,515$3,098$2,726$1,819
13 years$4,112$3,598$3,141$2,735$2,377$1,523
14 years$3,779$3,271$2,822$2,428$2,084$1,281
15 years$3,491$2,988$2,548$2,165$1,835$1,082
16 years$3,239$2,741$2,310$1,939$1,621$916
17 years$3,016$2,525$2,102$1,742$1,438$777
18 years$2,819$2,333$1,919$1,570$1,278$661
19 years$2,643$2,162$1,757$1,418$1,139$563
20 years$2,484$2,009$1,612$1,285$1,018$481
21 years$2,341$1,871$1,483$1,166$911$411
22 years$2,211$1,747$1,367$1,060$816$351
23 years$2,093$1,634$1,262$965$733$301
24 years$1,984$1,531$1,167$881$659$258
25 years$1,885$1,437$1,081$804$593$221
26 years$1,793$1,350$1,002$735$534$189
27 years$1,708$1,271$931$673$481$163
28 years$1,629$1,197$865$617$434$140
29 years$1,556$1,130$805$565$392$120
30 years$1,488$1,067$750$519$354$103
31 years$1,424$1,008$699$477$320$88
32 years$1,365$954$652$438$290$76
33 years$1,309$904$609$403$262$65
34 years$1,257$856$569$371$237$56
35 years$1,207$812$532$341$215$48
36 years$1,161$771$498$314$195$42
37 years$1,117$732$466$290$177$36
38 years$1,076$696$436$267$160$31
39 years$1,037$662$409$246$145$26
40 years$999$630$383$227$132$23
41 years$964$599$359$209$119$20
42 years$931$571$337$193$108$17
43 years$899$544$316$178$98$14
44 years$869$518$297$165$89$12
45 years$840$494$279$152$81$11
46 years$812$472$262$141$74$9
47 years$786$450$246$130$67$8
48 years$761$430$231$120$61$7
49 years$737$410$217$111$55$6
50 years$714$392$204$102$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $731,000, adding $5,058 every year, while hoping to spend $47,087 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: 36/36/28 Blend
50$731,000$731,000$731,000$731,000
51$810,779$772,036$760,706$833,005
52$843,379$759,766$736,089$837,706
53$877,725$745,316$709,070$838,157
54$913,947$728,530$679,518$837,740
55$952,184$709,243$647,296$836,408
56$992,589$687,278$612,263$834,116
57$1,035,329$662,451$574,270$830,815
58$1,080,586$634,564$533,161$826,459
59$1,128,558$603,410$488,774$821,002
60$1,179,462$568,769$440,939$814,398
61$1,233,536$530,407$389,480$806,601
62$1,291,039$488,080$334,210$797,568
63$1,352,256$441,526$274,936$787,258
64$1,417,497$390,471$211,457$775,632
65$1,487,102$334,626$143,562$762,654
66$1,561,446$273,681$71,031$748,294
67$1,640,936$207,315$0$732,525
68$1,726,022$135,183$0$717,230
69$1,817,194$56,925$0$723,261
70$1,914,992$0$0$729,445
71$2,020,007$0$0$746,892
72$2,132,889$0$0$789,959
73$2,254,350$0$0$836,374
74$2,385,173$0$0$886,449
75$2,526,218$0$0$940,520
76$2,678,429$0$0$998,963
77$2,842,844$0$0$1,062,185
78$3,020,602$0$0$1,130,638
79$3,212,957$0$0$1,204,816
80$3,421,285$0$0$1,285,265
81$3,647,103$0$0$1,372,583
82$3,892,074$0$0$1,467,427
83$4,158,031$0$0$1,570,524
84$4,446,989$0$0$1,682,669
85$4,761,162$0$0$1,804,739
86$5,102,989$0$0$1,937,699
87$5,475,152$0$0$2,082,611
88$5,880,603$0$0$2,240,643
89$6,322,591$0$0$2,413,080
90$6,804,689$0$0$2,601,339
91$7,330,833$0$0$2,806,977
92$7,905,354$0$0$3,031,709
93$8,533,019$0$0$3,277,425
94$9,219,078$0$0$3,546,202
95$9,969,309$0$0$3,840,331
96$10,790,074$0$0$4,162,333
97$11,688,381$0$0$4,514,982
98$12,671,943$0$0$4,901,337
99$13,749,256$0$0$5,324,764
100$14,929,675$0$0$5,788,970