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%13.2%
1 years$54,585$54,099$53,624$53,161$52,709$52,007
2 years$27,022$26,519$26,031$25,558$25,100$24,394
3 years$17,836$17,330$16,844$16,375$15,924$15,236
4 years$13,244$12,740$12,258$11,798$11,357$10,692
5 years$10,489$9,988$9,513$9,062$8,634$7,994
6 years$8,653$8,156$7,688$7,247$6,831$6,217
7 years$7,342$6,849$6,389$5,958$5,556$4,968
8 years$6,360$5,871$5,418$4,998$4,609$4,047
9 years$5,596$5,112$4,666$4,257$3,882$3,345
10 years$4,985$4,506$4,068$3,670$3,307$2,796
11 years$4,486$4,011$3,582$3,194$2,844$2,358
12 years$4,070$3,600$3,179$2,801$2,465$2,003
13 years$3,718$3,254$2,840$2,473$2,149$1,711
14 years$3,417$2,958$2,552$2,195$1,884$1,469
15 years$3,156$2,702$2,304$1,958$1,659$1,266
16 years$2,928$2,479$2,089$1,753$1,466$1,095
17 years$2,728$2,283$1,901$1,575$1,300$950
18 years$2,549$2,109$1,735$1,420$1,156$825
19 years$2,390$1,955$1,588$1,283$1,030$719
20 years$2,247$1,817$1,458$1,162$920$628
21 years$2,117$1,692$1,341$1,054$824$549
22 years$2,000$1,580$1,236$959$738$480
23 years$1,892$1,477$1,141$873$663$421
24 years$1,794$1,384$1,055$796$596$369
25 years$1,704$1,299$977$727$536$324
26 years$1,621$1,221$906$665$483$285
27 years$1,544$1,149$842$609$435$250
28 years$1,473$1,083$783$558$393$220
29 years$1,407$1,021$728$511$355$194
30 years$1,346$965$678$469$320$171
31 years$1,288$912$632$431$290$150
32 years$1,234$863$590$396$262$132
33 years$1,184$817$551$364$237$117
34 years$1,136$774$515$335$215$103
35 years$1,092$735$481$309$194$91
36 years$1,050$697$450$284$176$80
37 years$1,010$662$421$262$160$71
38 years$973$629$395$241$145$62
39 years$937$598$370$222$131$55
40 years$904$569$346$205$119$49
41 years$872$542$325$189$108$43
42 years$842$516$305$175$98$38
43 years$813$492$286$161$89$33
44 years$785$469$268$149$81$29
45 years$759$447$252$138$73$26
46 years$734$426$237$127$67$23
47 years$711$407$222$117$60$20
48 years$688$388$209$108$55$18
49 years$666$371$196$100$50$16
50 years$645$354$185$93$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $661,000, adding $4,597 every year, while hoping to spend $29,666 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: 36/42/22 Blend
50$661,000$661,000$661,000$661,000
51$733,164$698,131$687,885$754,541
52$776,382$700,775$679,365$773,262
53$823,014$702,554$669,565$790,382
54$873,378$703,395$658,411$808,263
55$927,820$703,219$645,826$826,991
56$986,724$701,944$631,728$846,662
57$1,050,511$699,480$616,032$867,386
58$1,119,643$695,734$598,649$889,285
59$1,194,629$690,607$579,486$912,495
60$1,276,028$683,994$558,445$937,170
61$1,364,456$675,783$535,426$963,481
62$1,460,588$665,854$510,321$991,622
63$1,565,171$654,083$483,019$1,021,806
64$1,679,022$640,337$453,404$1,054,274
65$1,803,044$624,475$421,355$1,089,293
66$1,938,228$606,348$386,743$1,127,163
67$2,085,665$585,797$349,438$1,168,218
68$2,246,558$562,657$309,299$1,212,828
69$2,422,229$536,749$266,183$1,261,408
70$2,614,134$507,887$219,937$1,314,419
71$2,823,876$475,874$170,405$1,372,373
72$3,053,219$440,499$117,421$1,435,842
73$3,304,106$401,542$60,814$1,505,459
74$3,578,677$358,770$402$1,581,929
75$3,879,286$311,934$0$1,666,036
76$4,208,529$260,774$0$1,773,689
77$4,569,261$205,015$0$1,891,892
78$4,964,630$144,364$0$2,021,669
79$5,398,098$78,514$0$2,164,261
80$5,873,484$7,141$0$2,321,036
81$6,394,989$0$0$2,493,512
82$6,967,244$0$0$2,715,762
83$7,595,348$0$0$2,963,423
84$8,284,918$0$0$3,235,420
85$9,042,142$0$0$3,534,208
86$9,873,836$0$0$3,862,488
87$10,787,508$0$0$4,223,238
88$11,791,431$0$0$4,619,739
89$12,894,717$0$0$5,055,602
90$14,107,407$0$0$5,534,811
91$15,440,559$0$0$6,061,750
92$16,906,360$0$0$6,641,252
93$18,518,236$0$0$7,278,641
94$20,290,976$0$0$7,979,784
95$22,240,879$0$0$8,751,142
96$24,385,898$0$0$9,599,838
97$26,745,817$0$0$10,533,717
98$29,342,434$0$0$11,561,425
99$32,199,765$0$0$12,692,488
100$35,344,273$0$0$13,937,400