Can I retire at age 51 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$54,750$54,262$53,786$53,322$52,869$52,338
2 years$27,104$26,599$26,110$25,636$25,176$24,641
3 years$17,890$17,383$16,895$16,425$15,972$15,451
4 years$13,284$12,778$12,295$11,833$11,392$10,887
5 years$10,521$10,018$9,542$9,089$8,660$8,173
6 years$8,679$8,181$7,711$7,269$6,852$6,385
7 years$7,365$6,870$6,408$5,976$5,573$5,124
8 years$6,379$5,889$5,434$5,013$4,623$4,194
9 years$5,613$5,127$4,681$4,270$3,893$3,483
10 years$5,000$4,520$4,081$3,681$3,317$2,925
11 years$4,499$4,023$3,593$3,203$2,853$2,479
12 years$4,082$3,611$3,188$2,810$2,472$2,117
13 years$3,729$3,264$2,849$2,481$2,156$1,818
14 years$3,427$2,966$2,559$2,202$1,890$1,569
15 years$3,166$2,710$2,311$1,964$1,664$1,359
16 years$2,937$2,486$2,095$1,758$1,471$1,182
17 years$2,736$2,290$1,906$1,580$1,304$1,031
18 years$2,557$2,116$1,740$1,424$1,159$901
19 years$2,397$1,961$1,593$1,287$1,033$790
20 years$2,253$1,822$1,462$1,165$923$693
21 years$2,123$1,697$1,345$1,057$826$610
22 years$2,006$1,584$1,240$962$740$537
23 years$1,898$1,482$1,144$876$665$473
24 years$1,800$1,388$1,058$799$597$418
25 years$1,709$1,303$980$729$538$369
26 years$1,626$1,225$909$667$484$326
27 years$1,549$1,152$844$610$437$289
28 years$1,478$1,086$785$559$394$256
29 years$1,411$1,024$730$513$356$226
30 years$1,350$968$680$471$321$201
31 years$1,292$915$634$432$291$178
32 years$1,238$865$592$397$263$158
33 years$1,187$820$553$365$238$140
34 years$1,140$777$516$336$215$124
35 years$1,095$737$483$309$195$110
36 years$1,053$699$452$285$177$98
37 years$1,013$664$423$263$160$87
38 years$976$631$396$242$145$77
39 years$940$600$371$223$132$69
40 years$906$571$348$206$119$61
41 years$874$544$326$190$108$54
42 years$844$518$306$175$98$48
43 years$815$493$287$162$89$43
44 years$788$470$269$149$81$38
45 years$762$448$253$138$74$34
46 years$737$428$237$127$67$30
47 years$713$408$223$118$61$27
48 years$690$390$210$109$55$24
49 years$668$372$197$101$50$21
50 years$647$355$185$93$45$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $663,000, adding $5,184 every year, while hoping to spend $48,273 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: 64/25/11 Blend
50$663,000$663,000$663,000$663,000
51$735,973$700,834$690,558$780,933
52$759,680$683,813$662,329$794,586
53$784,188$664,340$631,537$803,394
54$809,526$642,244$598,045$811,798
55$835,728$617,343$561,709$819,756
56$862,826$589,447$522,381$827,225
57$890,856$558,353$479,903$834,160
58$919,857$523,845$434,113$840,512
59$949,867$485,698$384,840$846,229
60$980,927$443,671$331,906$851,260
61$1,013,082$397,511$275,125$855,546
62$1,046,378$346,951$214,304$859,029
63$1,080,865$291,707$149,239$861,646
64$1,116,593$231,481$79,718$863,331
65$1,153,618$165,956$5,521$864,016
66$1,191,998$94,799$0$863,628
67$1,231,795$17,658$0$870,736
68$1,273,076$0$0$877,869
69$1,315,909$0$0$902,438
70$1,360,371$0$0$932,988
71$1,406,540$0$0$964,717
72$1,454,502$0$0$997,684
73$1,504,347$0$0$1,031,952
74$1,556,174$0$0$1,067,590
75$1,610,085$0$0$1,104,669
76$1,666,195$0$0$1,143,269
77$1,724,621$0$0$1,183,472
78$1,785,494$0$0$1,225,369
79$1,848,952$0$0$1,269,057
80$1,915,146$0$0$1,314,640
81$1,984,235$0$0$1,362,231
82$2,056,394$0$0$1,411,952
83$2,131,812$0$0$1,463,933
84$2,210,690$0$0$1,518,317
85$2,293,249$0$0$1,575,258
86$2,379,727$0$0$1,634,922
87$2,470,381$0$0$1,697,490
88$2,565,491$0$0$1,763,158
89$2,665,362$0$0$1,832,138
90$2,770,322$0$0$1,904,662
91$2,880,731$0$0$1,980,982
92$2,996,978$0$0$2,061,370
93$3,119,489$0$0$2,146,126
94$3,248,725$0$0$2,235,573
95$3,385,191$0$0$2,330,066
96$3,529,438$0$0$2,429,990
97$3,682,064$0$0$2,535,769
98$3,843,727$0$0$2,647,861
99$4,015,141$0$0$2,766,769
100$4,197,088$0$0$2,893,045