Can I retire at age 51 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$54,172$53,689$53,219$52,759$52,310$52,046
2 years$26,818$26,318$25,834$25,365$24,910$24,643
3 years$17,701$17,199$16,716$16,252$15,804$15,543
4 years$13,143$12,643$12,165$11,708$11,271$11,018
5 years$10,410$9,913$9,441$8,993$8,568$8,324
6 years$8,588$8,094$7,630$7,192$6,780$6,544
7 years$7,287$6,798$6,340$5,913$5,514$5,287
8 years$6,312$5,827$5,377$4,960$4,574$4,357
9 years$5,553$5,073$4,631$4,225$3,852$3,644
10 years$4,947$4,472$4,038$3,642$3,282$3,083
11 years$4,452$3,981$3,555$3,170$2,823$2,632
12 years$4,039$3,573$3,155$2,780$2,446$2,264
13 years$3,690$3,229$2,818$2,454$2,133$1,959
14 years$3,391$2,935$2,532$2,179$1,870$1,704
15 years$3,133$2,681$2,286$1,943$1,646$1,489
16 years$2,906$2,460$2,073$1,740$1,455$1,305
17 years$2,707$2,266$1,886$1,563$1,290$1,148
18 years$2,530$2,094$1,722$1,409$1,147$1,012
19 years$2,372$1,940$1,576$1,273$1,023$895
20 years$2,230$1,803$1,447$1,153$913$792
21 years$2,101$1,679$1,331$1,046$817$703
22 years$1,984$1,568$1,226$951$733$624
23 years$1,878$1,466$1,132$866$658$556
24 years$1,781$1,374$1,047$790$591$495
25 years$1,691$1,289$970$722$532$441
26 years$1,609$1,212$900$660$479$394
27 years$1,533$1,140$835$604$432$352
28 years$1,462$1,074$777$553$390$314
29 years$1,396$1,014$723$507$352$281
30 years$1,335$957$673$466$318$252
31 years$1,278$905$628$428$288$225
32 years$1,225$856$586$393$260$202
33 years$1,175$811$547$361$235$181
34 years$1,128$769$511$333$213$162
35 years$1,084$729$478$306$193$145
36 years$1,042$692$447$282$175$130
37 years$1,003$657$418$260$158$117
38 years$965$625$392$239$144$105
39 years$930$594$367$221$130$94
40 years$897$565$344$204$118$85
41 years$865$538$322$188$107$76
42 years$835$512$302$173$97$68
43 years$807$488$284$160$88$61
44 years$779$465$266$148$80$55
45 years$754$444$250$137$73$49
46 years$729$423$235$126$66$44
47 years$705$404$221$116$60$40
48 years$683$386$207$108$54$36
49 years$661$368$195$99$49$32
50 years$640$352$183$92$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $656,000, adding $5,993 every year, while hoping to spend $26,208 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: 32/40/28 Blend
50$656,000$656,000$656,000$656,000
51$729,094$694,326$684,158$746,047
52$775,576$700,463$679,192$765,676
53$825,922$706,022$673,181$784,077
54$880,496$710,947$666,063$803,385
55$939,702$715,180$657,772$823,698
56$1,003,984$718,655$648,240$845,125
57$1,073,828$721,307$637,393$867,790
58$1,149,770$723,063$625,158$891,830
59$1,232,400$723,846$611,454$917,397
60$1,322,367$723,577$596,200$944,663
61$1,420,385$722,169$579,309$973,819
62$1,527,240$719,531$560,692$1,005,077
63$1,643,796$715,565$540,252$1,038,675
64$1,771,005$710,170$517,893$1,074,876
65$1,909,916$703,236$493,510$1,113,974
66$2,061,680$694,648$466,996$1,156,297
67$2,227,569$684,283$438,237$1,202,208
68$2,408,979$672,011$407,117$1,252,112
69$2,607,451$657,695$373,511$1,306,458
70$2,824,678$641,190$337,291$1,365,746
71$3,062,528$622,341$298,323$1,430,530
72$3,323,055$600,984$256,465$1,501,426
73$3,608,522$576,948$211,573$1,579,117
74$3,921,422$550,050$163,491$1,664,362
75$4,264,500$520,095$112,061$1,758,000
76$4,640,780$486,881$57,116$1,860,965
77$5,053,591$450,189$0$1,974,289
78$5,506,602$409,793$0$2,099,572
79$6,003,852$365,450$0$2,255,868
80$6,549,793$316,904$0$2,427,557
81$7,149,326$263,887$0$2,616,253
82$7,807,852$206,112$0$2,823,742
83$8,531,321$143,280$0$3,051,994
84$9,326,286$75,071$0$3,303,187
85$10,199,968$1,150$0$3,579,726
86$11,160,321$0$0$3,884,265
87$12,216,109$0$0$4,254,440
88$13,376,987$0$0$4,662,128
89$14,653,591$0$0$5,110,573
90$16,057,642$0$0$5,603,906
91$17,602,051$0$0$6,146,679
92$19,301,046$0$0$6,743,906
93$21,170,301$0$0$7,401,114
94$23,227,088$0$0$8,124,391
95$25,490,435$0$0$8,920,446
96$27,981,311$0$0$9,796,671
97$30,722,818$0$0$10,761,210
98$33,740,412$0$0$11,823,039
99$37,062,142$0$0$12,992,046
100$40,718,916$0$0$14,279,127