Can I retire at age 51 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$54,337$53,853$53,381$52,920$52,470$52,096
2 years$26,900$26,399$25,913$25,442$24,986$24,608
3 years$17,755$17,252$16,767$16,301$15,852$15,483
4 years$13,183$12,682$12,202$11,744$11,306$10,948
5 years$10,441$9,943$9,470$9,021$8,594$8,249
6 years$8,614$8,119$7,653$7,214$6,800$6,468
7 years$7,309$6,818$6,360$5,931$5,531$5,211
8 years$6,331$5,845$5,393$4,975$4,588$4,282
9 years$5,570$5,089$4,645$4,238$3,864$3,571
10 years$4,962$4,485$4,050$3,653$3,292$3,012
11 years$4,465$3,993$3,565$3,179$2,831$2,564
12 years$4,051$3,584$3,164$2,789$2,454$2,198
13 years$3,701$3,239$2,827$2,462$2,140$1,896
14 years$3,402$2,944$2,540$2,185$1,876$1,644
15 years$3,142$2,689$2,293$1,949$1,651$1,432
16 years$2,915$2,468$2,079$1,745$1,460$1,251
17 years$2,715$2,273$1,892$1,568$1,294$1,096
18 years$2,538$2,100$1,727$1,413$1,151$963
19 years$2,379$1,946$1,581$1,277$1,026$848
20 years$2,236$1,808$1,451$1,156$916$749
21 years$2,107$1,685$1,335$1,050$820$662
22 years$1,990$1,572$1,230$954$735$586
23 years$1,884$1,471$1,136$869$660$519
24 years$1,786$1,378$1,050$793$593$461
25 years$1,696$1,293$973$724$534$409
26 years$1,614$1,215$902$662$481$364
27 years$1,537$1,144$838$606$433$324
28 years$1,467$1,078$779$555$391$288
29 years$1,401$1,017$725$509$353$257
30 years$1,339$960$675$467$319$229
31 years$1,282$908$629$429$288$204
32 years$1,229$859$587$394$261$182
33 years$1,178$813$548$363$236$162
34 years$1,131$771$512$334$214$145
35 years$1,087$731$479$307$194$129
36 years$1,045$694$448$283$175$116
37 years$1,006$659$419$261$159$103
38 years$968$626$393$240$144$92
39 years$933$596$368$221$131$83
40 years$900$567$345$204$119$74
41 years$868$539$323$188$108$66
42 years$838$514$303$174$98$59
43 years$809$490$285$161$89$53
44 years$782$467$267$148$80$47
45 years$756$445$251$137$73$42
46 years$731$424$236$126$66$38
47 years$707$405$221$117$60$34
48 years$685$387$208$108$55$30
49 years$663$369$196$100$50$27
50 years$642$353$184$92$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $658,000, adding $3,774 every year, while hoping to spend $37,120 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: 81/14/5 Blend
50$658,000$658,000$658,000$658,000
51$729,009$694,135$683,936$787,656
52$763,872$688,652$667,352$821,069
53$801,048$681,657$648,969$852,389
54$840,732$673,035$628,687$885,614
55$883,140$662,667$606,401$920,915
56$928,508$650,426$582,004$958,478
57$977,096$636,176$555,381$998,508
58$1,029,187$619,776$526,413$1,041,232
59$1,085,092$601,073$494,976$1,086,899
60$1,145,154$579,908$460,940$1,135,786
61$1,209,748$556,112$424,170$1,188,194
62$1,279,285$529,505$384,523$1,244,458
63$1,354,219$499,898$341,851$1,304,947
64$1,435,047$467,090$296,000$1,370,068
65$1,522,314$430,869$246,808$1,440,267
66$1,616,620$391,012$194,106$1,516,039
67$1,718,624$347,281$137,719$1,597,930
68$1,829,053$299,426$77,461$1,686,539
69$1,948,701$247,183$13,140$1,782,529
70$2,078,446$190,272$0$1,886,632
71$2,219,250$128,398$0$2,002,614
72$2,372,174$61,250$0$2,129,344
73$2,538,383$0$0$2,267,113
74$2,719,158$0$0$2,418,784
75$2,915,912$0$0$2,594,146
76$3,130,195$0$0$2,785,147
77$3,363,716$0$0$2,993,312
78$3,618,356$0$0$3,220,318
79$3,896,182$0$0$3,468,012
80$4,199,471$0$0$3,738,425
81$4,530,732$0$0$4,033,797
82$4,892,723$0$0$4,356,589
83$5,288,483$0$0$4,709,513
84$5,721,356$0$0$5,095,555
85$6,195,026$0$0$5,518,002
86$6,713,548$0$0$5,980,473
87$7,281,388$0$0$6,486,955
88$7,903,464$0$0$7,041,837
89$8,585,192$0$0$7,649,953
90$9,332,537$0$0$8,316,628
91$10,152,069$0$0$9,047,724
92$11,051,022$0$0$9,849,700
93$12,037,367$0$0$10,729,669
94$13,119,883$0$0$11,695,468
95$14,308,238$0$0$12,755,726
96$15,613,084$0$0$13,919,951
97$17,046,155$0$0$15,198,615
98$18,620,376$0$0$16,603,257
99$20,349,986$0$0$18,146,585
100$22,250,672$0$0$19,842,602