Can I retire at age 51 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$54,585$54,099$53,624$53,161$52,709$51,477
2 years$27,022$26,519$26,031$25,558$25,100$23,865
3 years$17,836$17,330$16,844$16,375$15,924$14,726
4 years$13,244$12,740$12,258$11,798$11,357$10,205
5 years$10,489$9,988$9,513$9,062$8,634$7,530
6 years$8,653$8,156$7,688$7,247$6,831$5,778
7 years$7,342$6,849$6,389$5,958$5,556$4,552
8 years$6,360$5,871$5,418$4,998$4,609$3,655
9 years$5,596$5,112$4,666$4,257$3,882$2,976
10 years$4,985$4,506$4,068$3,670$3,307$2,450
11 years$4,486$4,011$3,582$3,194$2,844$2,034
12 years$4,070$3,600$3,179$2,801$2,465$1,700
13 years$3,718$3,254$2,840$2,473$2,149$1,428
14 years$3,417$2,958$2,552$2,195$1,884$1,206
15 years$3,156$2,702$2,304$1,958$1,659$1,021
16 years$2,928$2,479$2,089$1,753$1,466$868
17 years$2,728$2,283$1,901$1,575$1,300$739
18 years$2,549$2,109$1,735$1,420$1,156$631
19 years$2,390$1,955$1,588$1,283$1,030$540
20 years$2,247$1,817$1,458$1,162$920$462
21 years$2,117$1,692$1,341$1,054$824$397
22 years$2,000$1,580$1,236$959$738$340
23 years$1,892$1,477$1,141$873$663$293
24 years$1,794$1,384$1,055$796$596$252
25 years$1,704$1,299$977$727$536$217
26 years$1,621$1,221$906$665$483$187
27 years$1,544$1,149$842$609$435$161
28 years$1,473$1,083$783$558$393$139
29 years$1,407$1,021$728$511$355$119
30 years$1,346$965$678$469$320$103
31 years$1,288$912$632$431$290$89
32 years$1,234$863$590$396$262$77
33 years$1,184$817$551$364$237$66
34 years$1,136$774$515$335$215$57
35 years$1,092$735$481$309$194$49
36 years$1,050$697$450$284$176$43
37 years$1,010$662$421$262$160$37
38 years$973$629$395$241$145$32
39 years$937$598$370$222$131$27
40 years$904$569$346$205$119$24
41 years$872$542$325$189$108$21
42 years$842$516$305$175$98$18
43 years$813$492$286$161$89$15
44 years$785$469$268$149$81$13
45 years$759$447$252$138$73$11
46 years$734$426$237$127$67$10
47 years$711$407$222$117$60$9
48 years$688$388$209$108$55$7
49 years$666$371$196$100$50$6
50 years$645$354$185$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $661,000, adding $5,198 every year, while hoping to spend $33,157 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: 65/5/30 Blend
50$661,000$661,000$661,000$661,000
51$733,784$698,751$688,505$775,307
52$773,351$697,711$676,291$803,010
53$815,843$695,508$662,557$829,161
54$861,522$692,052$647,216$857,034
55$910,679$687,244$630,179$886,803
56$963,630$680,980$611,352$918,662
57$1,020,723$673,152$590,636$952,824
58$1,082,343$663,642$567,928$989,525
59$1,148,909$652,328$543,121$1,029,027
60$1,220,884$639,079$516,102$1,071,619
61$1,298,777$623,756$486,754$1,117,623
62$1,383,146$606,213$454,953$1,167,392
63$1,474,604$586,295$420,572$1,221,319
64$1,573,829$563,839$383,476$1,279,837
65$1,681,562$538,669$343,525$1,343,426
66$1,798,620$510,603$300,572$1,412,617
67$1,925,903$479,447$254,465$1,487,995
68$2,064,400$444,994$205,044$1,570,210
69$2,215,198$407,028$152,142$1,659,976
70$2,379,494$365,318$95,585$1,758,087
71$2,558,606$319,623$35,191$1,865,416
72$2,753,985$269,685$0$1,982,931
73$2,967,226$215,234$0$2,121,065
74$3,200,086$155,984$0$2,284,262
75$3,454,499$91,631$0$2,462,615
76$3,732,595$21,858$0$2,657,631
77$4,036,717$0$0$2,870,971
78$4,369,446$0$0$3,107,417
79$4,733,625$0$0$3,367,572
80$5,132,382$0$0$3,652,474
81$5,569,165$0$0$3,964,590
82$6,047,767$0$0$4,306,638
83$6,572,370$0$0$4,681,612
84$7,147,575$0$0$5,092,807
85$7,778,453$0$0$5,543,854
86$8,470,589$0$0$6,038,753
87$9,230,132$0$0$6,581,909
88$10,063,858$0$0$7,178,174
89$10,979,231$0$0$7,832,892
90$11,984,470$0$0$8,551,952
91$13,088,632$0$0$9,341,839
92$14,301,695$0$0$10,209,698
93$15,634,647$0$0$11,163,402
94$17,099,596$0$0$12,211,621
95$18,709,883$0$0$13,363,910
96$20,480,202$0$0$14,630,793
97$22,426,743$0$0$16,023,866
98$24,567,345$0$0$17,555,907
99$26,921,660$0$0$19,240,989
100$29,511,342$0$0$21,094,624