Can I retire at age 51 with 662,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$54,667$54,180$53,705$53,242$52,789$52,478
2 years$27,063$26,559$26,071$25,597$25,138$24,824
3 years$17,863$17,357$16,869$16,400$15,948$15,642
4 years$13,264$12,759$12,277$11,815$11,374$11,077
5 years$10,505$10,003$9,527$9,075$8,647$8,360
6 years$8,666$8,168$7,699$7,258$6,842$6,565
7 years$7,353$6,860$6,398$5,967$5,564$5,298
8 years$6,369$5,880$5,426$5,005$4,616$4,361
9 years$5,604$5,120$4,674$4,264$3,887$3,643
10 years$4,993$4,513$4,075$3,675$3,312$3,078
11 years$4,492$4,017$3,587$3,199$2,849$2,625
12 years$4,076$3,606$3,183$2,806$2,469$2,255
13 years$3,724$3,259$2,844$2,477$2,153$1,949
14 years$3,422$2,962$2,556$2,199$1,887$1,693
15 years$3,161$2,706$2,307$1,961$1,661$1,477
16 years$2,933$2,483$2,092$1,756$1,468$1,293
17 years$2,732$2,286$1,904$1,578$1,302$1,136
18 years$2,553$2,113$1,738$1,422$1,158$1,000
19 years$2,393$1,958$1,591$1,285$1,032$883
20 years$2,250$1,819$1,460$1,163$922$781
21 years$2,120$1,695$1,343$1,056$825$692
22 years$2,003$1,582$1,238$960$739$613
23 years$1,895$1,480$1,143$874$664$545
24 years$1,797$1,386$1,057$797$597$485
25 years$1,707$1,301$979$728$537$432
26 years$1,624$1,223$908$666$483$385
27 years$1,547$1,151$843$610$436$343
28 years$1,475$1,084$784$558$393$306
29 years$1,409$1,023$729$512$355$273
30 years$1,348$966$679$470$321$244
31 years$1,290$913$633$432$290$218
32 years$1,236$864$591$397$262$195
33 years$1,186$818$552$365$238$175
34 years$1,138$776$515$336$215$156
35 years$1,093$736$482$309$195$140
36 years$1,051$698$451$285$176$125
37 years$1,012$663$422$262$160$112
38 years$974$630$395$242$145$101
39 years$939$599$370$223$131$90
40 years$905$570$347$206$119$81
41 years$873$543$325$190$108$72
42 years$843$517$305$175$98$65
43 years$814$492$286$162$89$58
44 years$787$469$269$149$81$52
45 years$760$448$252$138$73$47
46 years$735$427$237$127$67$42
47 years$712$408$223$118$61$38
48 years$689$389$209$109$55$34
49 years$667$372$197$100$50$30
50 years$646$355$185$93$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $662,000, adding $5,275 every year, while hoping to spend $48,234 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: 59/16/25 Blend
50$662,000$662,000$662,000$662,000
51$734,965$699,879$689,618$773,092
52$758,611$682,853$661,400$782,653
53$783,052$663,375$630,619$787,446
54$808,319$641,276$597,140$791,642
55$834,442$616,374$560,820$795,195
56$861,457$588,477$521,508$798,055
57$889,396$557,383$479,050$800,171
58$918,298$522,878$433,281$801,490
59$948,200$484,735$384,032$801,954
60$979,143$442,714$331,124$801,504
61$1,011,172$396,563$274,372$800,077
62$1,044,329$346,013$213,582$797,607
63$1,078,665$290,781$148,551$794,028
64$1,114,229$230,570$79,068$789,266
65$1,151,075$165,062$4,911$783,246
66$1,189,260$93,925$0$775,891
67$1,228,844$16,807$0$786,919
68$1,269,891$0$0$799,129
69$1,312,470$0$0$822,925
70$1,356,654$0$0$850,694
71$1,402,518$0$0$879,526
72$1,450,147$0$0$909,474
73$1,499,628$0$0$940,594
74$1,551,055$0$0$972,946
75$1,604,530$0$0$1,006,596
76$1,660,160$0$0$1,041,611
77$1,718,061$0$0$1,078,067
78$1,778,358$0$0$1,116,042
79$1,841,184$0$0$1,155,624
80$1,906,684$0$0$1,196,904
81$1,975,012$0$0$1,239,982
82$2,046,335$0$0$1,284,965
83$2,120,835$0$0$1,331,970
84$2,198,706$0$0$1,381,120
85$2,280,158$0$0$1,432,553
86$2,365,420$0$0$1,486,415
87$2,454,738$0$0$1,542,864
88$2,548,379$0$0$1,602,074
89$2,646,635$0$0$1,664,231
90$2,749,820$0$0$1,729,538
91$2,858,277$0$0$1,798,216
92$2,972,377$0$0$1,870,507
93$3,092,526$0$0$1,946,670
94$3,219,165$0$0$2,026,991
95$3,352,773$0$0$2,111,780
96$3,493,876$0$0$2,201,376
97$3,643,043$0$0$2,296,148
98$3,800,898$0$0$2,396,499
99$3,968,121$0$0$2,502,869
100$4,145,457$0$0$2,615,740