Can I retire at age 51 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$54,502$54,017$53,543$53,081$52,629$50,863
2 years$26,981$26,479$25,992$25,520$25,062$23,300
3 years$17,809$17,304$16,818$16,351$15,900$14,198
4 years$13,224$12,720$12,239$11,780$11,340$9,710
5 years$10,473$9,973$9,498$9,048$8,621$7,068
6 years$8,640$8,144$7,676$7,236$6,821$5,346
7 years$7,331$6,839$6,379$5,949$5,547$4,151
8 years$6,350$5,862$5,410$4,990$4,602$3,282
9 years$5,587$5,104$4,659$4,251$3,876$2,631
10 years$4,977$4,499$4,062$3,664$3,302$2,131
11 years$4,479$4,005$3,576$3,189$2,840$1,740
12 years$4,064$3,595$3,174$2,797$2,461$1,429
13 years$3,713$3,249$2,836$2,469$2,146$1,180
14 years$3,412$2,953$2,548$2,192$1,881$978
15 years$3,152$2,698$2,300$1,955$1,656$814
16 years$2,924$2,475$2,086$1,750$1,464$679
17 years$2,723$2,279$1,898$1,573$1,298$567
18 years$2,545$2,106$1,732$1,417$1,154$475
19 years$2,386$1,952$1,586$1,281$1,029$398
20 years$2,243$1,814$1,456$1,160$919$335
21 years$2,114$1,690$1,339$1,053$822$281
22 years$1,996$1,577$1,234$957$737$237
23 years$1,889$1,475$1,139$872$662$199
24 years$1,792$1,382$1,054$795$595$168
25 years$1,702$1,297$976$726$535$142
26 years$1,619$1,219$905$664$482$119
27 years$1,542$1,147$840$608$435$101
28 years$1,471$1,081$781$557$392$85
29 years$1,405$1,020$727$511$354$72
30 years$1,343$963$677$469$320$61
31 years$1,286$910$631$430$289$51
32 years$1,232$861$589$395$262$43
33 years$1,182$816$550$364$237$36
34 years$1,135$773$514$335$214$31
35 years$1,090$733$480$308$194$26
36 years$1,048$696$449$284$176$22
37 years$1,009$661$421$261$159$19
38 years$971$628$394$241$145$16
39 years$936$597$369$222$131$13
40 years$902$568$346$205$119$11
41 years$871$541$324$189$108$9
42 years$840$515$304$174$98$8
43 years$812$491$286$161$89$7
44 years$784$468$268$149$81$6
45 years$758$446$252$137$73$5
46 years$733$426$236$127$66$4
47 years$710$406$222$117$60$3
48 years$687$388$209$108$55$3
49 years$665$370$196$100$50$2
50 years$644$354$184$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $660,000, adding $4,733 every year, while hoping to spend $43,962 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: 50/22/28 Blend
50$660,000$660,000$660,000$660,000
51$732,202$697,222$686,992$762,803
52$760,111$684,611$663,231$772,070
53$789,394$669,908$637,201$777,384
54$820,144$652,965$608,778$782,300
55$852,462$633,624$577,836$786,802
56$886,460$611,718$544,241$790,873
57$922,258$587,071$507,851$794,497
58$959,986$559,496$468,522$797,663
59$999,788$528,795$426,101$800,359
60$1,041,819$494,758$380,428$802,577
61$1,086,249$457,166$331,337$804,311
62$1,133,263$415,783$278,653$805,558
63$1,183,064$370,364$222,196$806,321
64$1,235,871$320,647$161,774$806,607
65$1,291,927$266,356$97,191$806,428
66$1,351,495$207,199$28,239$805,801
67$1,414,865$142,869$0$804,754
68$1,482,353$73,041$0$816,867
69$1,554,304$0$0$838,521
70$1,631,098$0$0$862,031
71$1,713,150$0$0$906,086
72$1,800,915$0$0$953,252
73$1,894,892$0$0$1,003,803
74$1,995,629$0$0$1,058,040
75$2,103,726$0$0$1,116,293
76$2,219,842$0$0$1,178,923
77$2,344,701$0$0$1,246,327
78$2,479,095$0$0$1,318,942
79$2,623,898$0$0$1,397,247
80$2,780,066$0$0$1,481,767
81$2,948,653$0$0$1,573,082
82$3,130,813$0$0$1,671,826
83$3,327,818$0$0$1,778,698
84$3,541,063$0$0$1,894,466
85$3,772,085$0$0$2,019,974
86$4,022,571$0$0$2,156,150
87$4,294,376$0$0$2,304,016
88$4,589,543$0$0$2,464,695
89$4,910,317$0$0$2,639,421
90$5,259,169$0$0$2,829,553
91$5,638,815$0$0$3,036,589
92$6,052,246$0$0$3,262,172
93$6,502,753$0$0$3,508,113
94$6,993,956$0$0$3,776,407
95$7,529,842$0$0$4,069,246
96$8,114,797$0$0$4,389,046
97$8,753,650$0$0$4,738,464
98$9,451,717$0$0$5,120,428
99$10,214,850$0$0$5,538,160
100$11,049,494$0$0$5,995,206