Can I retire at age 51 with 662,000?

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 $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%15.7%
1 years$54,667$54,180$53,705$53,242$52,789$51,555
2 years$27,063$26,559$26,071$25,597$25,138$23,901
3 years$17,863$17,357$16,869$16,400$15,948$14,748
4 years$13,264$12,759$12,277$11,815$11,374$10,220
5 years$10,505$10,003$9,527$9,075$8,647$7,541
6 years$8,666$8,168$7,699$7,258$6,842$5,786
7 years$7,353$6,860$6,398$5,967$5,564$4,559
8 years$6,369$5,880$5,426$5,005$4,616$3,660
9 years$5,604$5,120$4,674$4,264$3,887$2,981
10 years$4,993$4,513$4,075$3,675$3,312$2,454
11 years$4,492$4,017$3,587$3,199$2,849$2,037
12 years$4,076$3,606$3,183$2,806$2,469$1,702
13 years$3,724$3,259$2,844$2,477$2,153$1,431
14 years$3,422$2,962$2,556$2,199$1,887$1,208
15 years$3,161$2,706$2,307$1,961$1,661$1,023
16 years$2,933$2,483$2,092$1,756$1,468$869
17 years$2,732$2,286$1,904$1,578$1,302$740
18 years$2,553$2,113$1,738$1,422$1,158$632
19 years$2,393$1,958$1,591$1,285$1,032$541
20 years$2,250$1,819$1,460$1,163$922$463
21 years$2,120$1,695$1,343$1,056$825$397
22 years$2,003$1,582$1,238$960$739$341
23 years$1,895$1,480$1,143$874$664$293
24 years$1,797$1,386$1,057$797$597$252
25 years$1,707$1,301$979$728$537$217
26 years$1,624$1,223$908$666$483$187
27 years$1,547$1,151$843$610$436$161
28 years$1,475$1,084$784$558$393$139
29 years$1,409$1,023$729$512$355$120
30 years$1,348$966$679$470$321$103
31 years$1,290$913$633$432$290$89
32 years$1,236$864$591$397$262$77
33 years$1,186$818$552$365$238$66
34 years$1,138$776$515$336$215$57
35 years$1,093$736$482$309$195$49
36 years$1,051$698$451$285$176$43
37 years$1,012$663$422$262$160$37
38 years$974$630$395$242$145$32
39 years$939$599$370$223$131$28
40 years$905$570$347$206$119$24
41 years$873$543$325$190$108$21
42 years$843$517$305$175$98$18
43 years$814$492$286$162$89$15
44 years$787$469$269$149$81$13
45 years$760$448$252$138$73$11
46 years$735$427$237$127$67$10
47 years$712$408$223$118$61$9
48 years$689$389$209$109$55$7
49 years$667$372$197$100$50$6
50 years$646$355$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 $662,000, adding $5,121 every year, while hoping to spend $47,960 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: 38/37/25 Blend
50$662,000$662,000$662,000$662,000
51$734,806$699,720$689,459$757,084
52$758,727$682,978$661,527$757,061
53$783,481$663,807$631,052$752,217
54$809,102$642,039$597,898$746,039
55$835,625$617,494$561,922$738,436
56$863,090$589,982$522,978$729,312
57$891,537$559,303$480,909$718,566
58$921,008$525,243$435,553$706,091
59$951,549$487,578$386,743$691,777
60$983,207$446,070$334,299$675,504
61$1,016,035$400,468$278,039$657,150
62$1,050,087$350,507$217,770$636,584
63$1,085,420$295,906$153,289$613,671
64$1,122,096$236,369$84,387$588,266
65$1,160,180$171,582$10,845$560,219
66$1,199,744$101,214$0$529,373
67$1,240,862$24,918$0$513,603
68$1,283,614$0$0$498,954
69$1,328,087$0$0$505,898
70$1,374,372$0$0$523,698
71$1,422,570$0$0$542,248
72$1,472,786$0$0$561,592
73$1,525,135$0$0$581,777
74$1,579,741$0$0$602,852
75$1,636,737$0$0$624,871
76$1,696,265$0$0$647,892
77$1,758,482$0$0$671,979
78$1,823,555$0$0$697,200
79$1,891,665$0$0$723,630
80$1,963,008$0$0$751,347
81$2,037,798$0$0$780,439
82$2,116,265$0$0$811,002
83$2,198,660$0$0$843,137
84$2,285,256$0$0$876,956
85$2,376,347$0$0$912,580
86$2,472,257$0$0$950,144
87$2,573,336$0$0$989,789
88$2,679,965$0$0$1,031,675
89$2,792,561$0$0$1,075,972
90$2,911,577$0$0$1,122,868
91$3,037,510$0$0$1,172,568
92$3,170,901$0$0$1,225,295
93$3,312,339$0$0$1,281,293
94$3,462,471$0$0$1,340,830
95$3,622,003$0$0$1,404,199
96$3,791,708$0$0$1,471,719
97$3,972,431$0$0$1,543,742
98$4,165,098$0$0$1,620,650
99$4,370,722$0$0$1,702,867
100$4,590,415$0$0$1,790,852