Can I retire at age 51 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$54,254$53,771$53,300$52,839$52,390$51,228
2 years$26,859$26,358$25,874$25,404$24,948$23,783
3 years$17,728$17,226$16,742$16,276$15,828$14,696
4 years$13,163$12,663$12,184$11,726$11,289$10,200
5 years$10,425$9,928$9,455$9,007$8,581$7,538
6 years$8,601$8,107$7,641$7,203$6,790$5,793
7 years$7,298$6,808$6,350$5,922$5,522$4,572
8 years$6,321$5,836$5,385$4,968$4,581$3,678
9 years$5,562$5,081$4,638$4,231$3,858$3,000
10 years$4,955$4,479$4,044$3,647$3,287$2,474
11 years$4,459$3,987$3,560$3,174$2,827$2,058
12 years$4,045$3,579$3,159$2,784$2,450$1,723
13 years$3,696$3,234$2,823$2,458$2,136$1,451
14 years$3,396$2,940$2,536$2,182$1,873$1,227
15 years$3,137$2,685$2,290$1,946$1,649$1,042
16 years$2,911$2,464$2,076$1,742$1,457$887
17 years$2,711$2,269$1,889$1,566$1,292$757
18 years$2,534$2,097$1,725$1,411$1,149$648
19 years$2,375$1,943$1,579$1,275$1,024$555
20 years$2,233$1,806$1,449$1,155$915$477
21 years$2,104$1,682$1,333$1,048$819$410
22 years$1,987$1,570$1,228$953$734$353
23 years$1,881$1,468$1,134$868$659$304
24 years$1,783$1,376$1,049$791$592$262
25 years$1,694$1,291$971$723$533$226
26 years$1,611$1,213$901$661$480$195
27 years$1,535$1,142$837$605$433$169
28 years$1,464$1,076$778$554$390$146
29 years$1,399$1,015$724$508$352$126
30 years$1,337$959$674$466$318$109
31 years$1,280$906$629$428$288$94
32 years$1,227$858$586$394$260$81
33 years$1,177$812$548$362$236$70
34 years$1,130$770$512$333$213$61
35 years$1,085$730$478$307$193$53
36 years$1,043$693$447$282$175$46
37 years$1,004$658$419$260$159$40
38 years$967$625$392$240$144$34
39 years$932$595$367$221$131$30
40 years$898$566$344$204$118$26
41 years$867$539$323$188$107$22
42 years$836$513$303$174$97$19
43 years$808$489$284$160$88$17
44 years$781$466$267$148$80$14
45 years$755$444$251$137$73$13
46 years$730$424$235$126$66$11
47 years$706$404$221$117$60$9
48 years$684$386$208$108$55$8
49 years$662$369$195$100$50$7
50 years$641$352$184$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $657,000, adding $6,900 every year, while hoping to spend $36,208 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: 63/22/15 Blend
50$657,000$657,000$657,000$657,000
51$731,131$696,310$686,127$774,087
52$767,182$691,905$670,587$799,344
53$805,696$686,069$653,313$822,155
54$846,886$678,696$634,209$846,189
55$890,987$669,671$613,173$871,566
56$938,254$658,871$590,101$898,419
57$988,969$646,169$564,882$926,897
58$1,043,440$631,427$537,402$957,165
59$1,102,005$614,501$507,539$989,406
60$1,165,035$595,237$475,167$1,023,822
61$1,232,940$573,475$440,156$1,060,640
62$1,306,166$549,042$402,368$1,100,110
63$1,385,207$521,757$361,659$1,142,510
64$1,470,603$491,428$317,880$1,188,147
65$1,562,949$457,852$270,873$1,237,364
66$1,662,897$420,815$220,475$1,290,539
67$1,771,168$380,089$166,516$1,348,093
68$1,888,549$335,436$108,816$1,410,491
69$2,015,910$286,601$47,191$1,478,249
70$2,154,206$233,318$0$1,551,938
71$2,304,487$175,302$0$1,635,164
72$2,467,909$112,257$0$1,733,908
73$2,645,744$43,866$0$1,841,419
74$2,839,391$0$0$1,958,591
75$3,050,388$0$0$2,093,725
76$3,280,431$0$0$2,252,677
77$3,531,383$0$0$2,426,122
78$3,805,298$0$0$2,615,485
79$4,104,433$0$0$2,822,332
80$4,431,277$0$0$3,048,389
81$4,788,567$0$0$3,295,557
82$5,179,318$0$0$3,565,928
83$5,606,848$0$0$3,861,804
84$6,074,813$0$0$4,185,723
85$6,587,235$0$0$4,540,476
86$7,148,548$0$0$4,929,141
87$7,763,632$0$0$5,355,104
88$8,437,860$0$0$5,822,095
89$9,177,154$0$0$6,334,224
90$9,988,032$0$0$6,896,015
91$10,877,677$0$0$7,512,454
92$11,853,998$0$0$8,189,031
93$12,925,707$0$0$8,931,793
94$14,102,403$0$0$9,747,403
95$15,394,657$0$0$10,643,198
96$16,814,116$0$0$11,627,264
97$18,373,610$0$0$12,708,506
98$20,087,273$0$0$13,896,735
99$21,970,675$0$0$15,202,761
100$24,040,971$0$0$16,638,491