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%13.8%
1 years$54,667$54,180$53,705$53,242$52,789$51,957
2 years$27,063$26,559$26,071$25,597$25,138$24,302
3 years$17,863$17,357$16,869$16,400$15,948$15,134
4 years$13,264$12,759$12,277$11,815$11,374$10,589
5 years$10,505$10,003$9,527$9,075$8,647$7,891
6 years$8,666$8,168$7,699$7,258$6,842$6,118
7 years$7,353$6,860$6,398$5,967$5,564$4,872
8 years$6,369$5,880$5,426$5,005$4,616$3,955
9 years$5,604$5,120$4,674$4,264$3,887$3,258
10 years$4,993$4,513$4,075$3,675$3,312$2,713
11 years$4,492$4,017$3,587$3,199$2,849$2,280
12 years$4,076$3,606$3,183$2,806$2,469$1,929
13 years$3,724$3,259$2,844$2,477$2,153$1,641
14 years$3,422$2,962$2,556$2,199$1,887$1,403
15 years$3,161$2,706$2,307$1,961$1,661$1,205
16 years$2,933$2,483$2,092$1,756$1,468$1,037
17 years$2,732$2,286$1,904$1,578$1,302$896
18 years$2,553$2,113$1,738$1,422$1,158$775
19 years$2,393$1,958$1,591$1,285$1,032$673
20 years$2,250$1,819$1,460$1,163$922$584
21 years$2,120$1,695$1,343$1,056$825$509
22 years$2,003$1,582$1,238$960$739$443
23 years$1,895$1,480$1,143$874$664$386
24 years$1,797$1,386$1,057$797$597$337
25 years$1,707$1,301$979$728$537$295
26 years$1,624$1,223$908$666$483$258
27 years$1,547$1,151$843$610$436$225
28 years$1,475$1,084$784$558$393$197
29 years$1,409$1,023$729$512$355$173
30 years$1,348$966$679$470$321$151
31 years$1,290$913$633$432$290$133
32 years$1,236$864$591$397$262$116
33 years$1,186$818$552$365$238$102
34 years$1,138$776$515$336$215$90
35 years$1,093$736$482$309$195$79
36 years$1,051$698$451$285$176$69
37 years$1,012$663$422$262$160$61
38 years$974$630$395$242$145$53
39 years$939$599$370$223$131$47
40 years$905$570$347$206$119$41
41 years$873$543$325$190$108$36
42 years$843$517$305$175$98$32
43 years$814$492$286$162$89$28
44 years$787$469$269$149$81$24
45 years$760$448$252$138$73$21
46 years$735$427$237$127$67$19
47 years$712$408$223$118$61$17
48 years$689$389$209$109$55$15
49 years$667$372$197$100$50$13
50 years$646$355$185$93$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $662,000, adding $4,306 every year, while hoping to spend $51,124 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: 53/33/14 Blend
50$662,000$662,000$662,000$662,000
51$733,966$698,880$688,619$769,915
52$754,435$678,729$657,292$774,770
53$775,278$655,878$623,202$774,229
54$796,480$630,140$586,203$772,481
55$818,021$601,317$546,141$769,425
56$839,879$569,201$502,857$764,952
57$862,027$533,572$456,183$758,946
58$884,433$494,197$405,944$751,283
59$907,061$450,828$351,959$741,829
60$929,867$403,205$294,036$730,443
61$952,804$351,052$231,976$716,971
62$975,816$294,079$165,573$701,250
63$998,838$231,978$94,608$683,106
64$1,021,798$164,423$18,857$662,351
65$1,044,614$91,073$0$638,784
66$1,067,193$11,564$0$621,449
67$1,089,430$0$0$604,464
68$1,111,207$0$0$611,849
69$1,132,390$0$0$623,051
70$1,152,832$0$0$633,783
71$1,172,363$0$0$643,945
72$1,190,799$0$0$653,427
73$1,207,928$0$0$662,107
74$1,223,519$0$0$669,845
75$1,237,309$0$0$676,490
76$1,249,010$0$0$681,869
77$1,258,297$0$0$685,793
78$1,264,810$0$0$688,050
79$1,268,151$0$0$688,405
80$1,267,873$0$0$686,596
81$1,263,484$0$0$682,334
82$1,254,435$0$0$675,297
83$1,240,119$0$0$665,129
84$1,219,861$0$0$651,433
85$1,192,914$0$0$633,771
86$1,158,450$0$0$611,659
87$1,115,552$0$0$584,558
88$1,063,206$0$0$551,874
89$1,000,286$0$0$512,949
90$925,551$0$0$467,054
91$837,626$0$0$413,384
92$734,988$0$0$351,049
93$615,956$0$0$279,063
94$478,673$0$0$196,340
95$321,083$0$0$101,676
96$140,917$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0