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%15%
1 years$54,172$53,689$53,219$52,759$52,310$51,233
2 years$26,818$26,318$25,834$25,365$24,910$23,829
3 years$17,701$17,199$16,716$16,252$15,804$14,754
4 years$13,143$12,643$12,165$11,708$11,271$10,260
5 years$10,410$9,913$9,441$8,993$8,568$7,599
6 years$8,588$8,094$7,630$7,192$6,780$5,853
7 years$7,287$6,798$6,340$5,913$5,514$4,629
8 years$6,312$5,827$5,377$4,960$4,574$3,732
9 years$5,553$5,073$4,631$4,225$3,852$3,052
10 years$4,947$4,472$4,038$3,642$3,282$2,523
11 years$4,452$3,981$3,555$3,170$2,823$2,104
12 years$4,039$3,573$3,155$2,780$2,446$1,767
13 years$3,690$3,229$2,818$2,454$2,133$1,491
14 years$3,391$2,935$2,532$2,179$1,870$1,265
15 years$3,133$2,681$2,286$1,943$1,646$1,077
16 years$2,906$2,460$2,073$1,740$1,455$920
17 years$2,707$2,266$1,886$1,563$1,290$787
18 years$2,530$2,094$1,722$1,409$1,147$676
19 years$2,372$1,940$1,576$1,273$1,023$581
20 years$2,230$1,803$1,447$1,153$913$500
21 years$2,101$1,679$1,331$1,046$817$431
22 years$1,984$1,568$1,226$951$733$372
23 years$1,878$1,466$1,132$866$658$322
24 years$1,781$1,374$1,047$790$591$278
25 years$1,691$1,289$970$722$532$241
26 years$1,609$1,212$900$660$479$209
27 years$1,533$1,140$835$604$432$181
28 years$1,462$1,074$777$553$390$157
29 years$1,396$1,014$723$507$352$136
30 years$1,335$957$673$466$318$118
31 years$1,278$905$628$428$288$102
32 years$1,225$856$586$393$260$89
33 years$1,175$811$547$361$235$77
34 years$1,128$769$511$333$213$67
35 years$1,084$729$478$306$193$58
36 years$1,042$692$447$282$175$51
37 years$1,003$657$418$260$158$44
38 years$965$625$392$239$144$38
39 years$930$594$367$221$130$33
40 years$897$565$344$204$118$29
41 years$865$538$322$188$107$25
42 years$835$512$302$173$97$22
43 years$807$488$284$160$88$19
44 years$779$465$266$148$80$16
45 years$754$444$250$137$73$14
46 years$729$423$235$126$66$12
47 years$705$404$221$116$60$11
48 years$683$386$207$108$54$9
49 years$661$368$195$99$49$8
50 years$640$352$183$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $656,000, adding $5,293 every year, while hoping to spend $33,345 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: 79/13/8 Blend
50$656,000$656,000$656,000$656,000
51$728,372$693,604$683,436$784,710
52$767,187$692,111$670,852$820,927
53$808,843$689,429$656,729$855,759
54$853,596$685,461$640,980$892,980
55$901,725$680,111$623,515$932,813
56$953,536$673,271$604,238$975,502
57$1,009,367$664,832$583,050$1,021,317
58$1,069,587$654,673$559,847$1,070,557
59$1,134,603$642,671$534,520$1,123,549
60$1,204,863$628,692$506,957$1,180,655
61$1,280,857$612,596$477,038$1,242,274
62$1,363,125$594,233$444,639$1,308,844
63$1,452,260$573,447$409,631$1,380,851
64$1,548,916$550,071$371,878$1,458,829
65$1,653,808$523,927$331,240$1,543,366
66$1,767,727$494,830$287,567$1,635,113
67$1,891,540$462,582$240,705$1,734,785
68$2,026,203$426,975$190,495$1,843,172
69$2,172,766$387,787$136,766$1,961,145
70$2,332,385$344,785$79,345$2,089,664
71$2,506,332$297,723$18,046$2,229,787
72$2,696,006$246,340$0$2,382,683
73$2,902,950$190,361$0$2,553,683
74$3,128,858$129,496$0$2,742,068
75$3,375,598$63,438$0$2,947,882
76$3,645,224$0$0$3,172,868
77$3,940,000$0$0$3,420,115
78$4,262,416$0$0$3,700,490
79$4,615,215$0$0$4,007,306
80$5,001,419$0$0$4,343,193
81$5,424,351$0$0$4,711,045
82$5,887,676$0$0$5,114,050
83$6,395,426$0$0$5,555,720
84$6,952,043$0$0$6,039,922
85$7,562,420$0$0$6,570,914
86$8,231,946$0$0$7,153,387
87$8,966,555$0$0$7,792,508
88$9,772,786$0$0$8,493,968
89$10,657,839$0$0$9,264,036
90$11,629,646$0$0$10,109,616
91$12,696,946$0$0$11,038,316
92$13,869,364$0$0$12,058,515
93$15,157,505$0$0$13,179,445
94$16,573,051$0$0$14,411,275
95$18,128,871$0$0$15,765,208
96$19,839,143$0$0$17,253,589
97$21,719,489$0$0$18,890,014
98$23,787,118$0$0$20,689,466
99$26,060,991$0$0$22,668,452
100$28,561,998$0$0$24,845,157