Can I retire at age 51 with 663,000?

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 $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%11.2%
1 years$54,750$54,262$53,786$53,322$52,869$52,602
2 years$27,104$26,599$26,110$25,636$25,176$24,906
3 years$17,890$17,383$16,895$16,425$15,972$15,709
4 years$13,284$12,778$12,295$11,833$11,392$11,136
5 years$10,521$10,018$9,542$9,089$8,660$8,413
6 years$8,679$8,181$7,711$7,269$6,852$6,614
7 years$7,365$6,870$6,408$5,976$5,573$5,344
8 years$6,379$5,889$5,434$5,013$4,623$4,403
9 years$5,613$5,127$4,681$4,270$3,893$3,683
10 years$5,000$4,520$4,081$3,681$3,317$3,115
11 years$4,499$4,023$3,593$3,203$2,853$2,660
12 years$4,082$3,611$3,188$2,810$2,472$2,288
13 years$3,729$3,264$2,849$2,481$2,156$1,980
14 years$3,427$2,966$2,559$2,202$1,890$1,722
15 years$3,166$2,710$2,311$1,964$1,664$1,505
16 years$2,937$2,486$2,095$1,758$1,471$1,319
17 years$2,736$2,290$1,906$1,580$1,304$1,160
18 years$2,557$2,116$1,740$1,424$1,159$1,023
19 years$2,397$1,961$1,593$1,287$1,033$904
20 years$2,253$1,822$1,462$1,165$923$801
21 years$2,123$1,697$1,345$1,057$826$710
22 years$2,006$1,584$1,240$962$740$631
23 years$1,898$1,482$1,144$876$665$561
24 years$1,800$1,388$1,058$799$597$500
25 years$1,709$1,303$980$729$538$446
26 years$1,626$1,225$909$667$484$398
27 years$1,549$1,152$844$610$437$355
28 years$1,478$1,086$785$559$394$318
29 years$1,411$1,024$730$513$356$284
30 years$1,350$968$680$471$321$254
31 years$1,292$915$634$432$291$228
32 years$1,238$865$592$397$263$204
33 years$1,187$820$553$365$238$183
34 years$1,140$777$516$336$215$164
35 years$1,095$737$483$309$195$147
36 years$1,053$699$452$285$177$132
37 years$1,013$664$423$263$160$118
38 years$976$631$396$242$145$106
39 years$940$600$371$223$132$95
40 years$906$571$348$206$119$86
41 years$874$544$326$190$108$77
42 years$844$518$306$175$98$69
43 years$815$493$287$162$89$62
44 years$788$470$269$149$81$56
45 years$762$448$253$138$74$50
46 years$737$428$237$127$67$45
47 years$713$408$223$118$61$40
48 years$690$390$210$109$55$36
49 years$668$372$197$101$50$33
50 years$647$355$185$93$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $663,000, adding $6,533 every year, while hoping to spend $29,571 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: 81/6/13 Blend
50$663,000$663,000$663,000$663,000
51$737,365$702,226$691,949$794,746
52$781,113$705,172$683,666$836,303
53$828,332$707,271$674,115$877,390
54$879,345$708,450$663,221$921,628
55$934,507$708,633$650,907$969,318
56$994,208$707,737$637,094$1,020,794
57$1,058,876$705,675$621,696$1,076,420
58$1,128,983$702,355$604,624$1,136,601
59$1,205,047$697,678$585,787$1,201,779
60$1,287,638$691,541$565,087$1,272,445
61$1,377,384$683,833$542,424$1,349,138
62$1,474,973$674,437$517,691$1,432,451
63$1,581,165$663,229$490,778$1,523,041
64$1,696,794$650,077$461,570$1,621,627
65$1,822,780$634,844$429,945$1,729,006
66$1,960,132$617,380$395,778$1,846,053
67$2,109,965$597,531$358,936$1,973,736
68$2,273,503$575,132$319,281$2,113,117
69$2,452,094$550,007$276,671$2,265,371
70$2,647,222$521,971$230,953$2,431,790
71$2,860,520$490,830$181,972$2,613,799
72$3,093,789$456,376$129,564$2,812,970
73$3,349,008$418,391$73,557$3,031,034
74$3,628,358$376,644$13,773$3,269,899
75$3,934,242$330,890$0$3,531,668
76$4,269,303$280,872$0$3,825,600
77$4,636,454$226,317$0$4,149,800
78$5,038,902$166,936$0$4,505,200
79$5,480,180$102,426$0$4,894,935
80$5,964,179$32,466$0$5,322,457
81$6,495,184$0$0$5,791,569
82$7,077,915$0$0$6,309,322
83$7,717,571$0$0$6,880,022
84$8,419,881$0$0$7,506,639
85$9,191,152$0$0$8,194,804
86$10,038,335$0$0$8,950,720
87$10,969,085$0$0$9,781,221
88$11,991,838$0$0$10,693,836
89$13,115,884$0$0$11,696,857
90$14,351,461$0$0$12,799,422
91$15,709,846$0$0$14,011,598
92$17,203,464$0$0$15,344,474
93$18,846,004$0$0$16,810,271
94$20,652,549$0$0$18,422,449
95$22,639,715$0$0$20,195,842
96$24,825,812$0$0$22,146,792
97$27,231,010$0$0$24,293,304
98$29,877,538$0$0$26,655,217
99$32,789,884$0$0$29,254,392
100$35,995,031$0$0$32,114,914