Can I retire at age 51 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$54,832$54,344$53,868$53,402$52,948$51,922
2 years$27,145$26,639$26,149$25,674$25,213$24,183
3 years$17,917$17,409$16,920$16,450$15,996$14,995
4 years$13,304$12,797$12,314$11,851$11,409$10,444
5 years$10,537$10,033$9,556$9,103$8,673$7,747
6 years$8,692$8,193$7,723$7,280$6,862$5,976
7 years$7,376$6,880$6,418$5,985$5,581$4,735
8 years$6,389$5,898$5,443$5,021$4,630$3,824
9 years$5,621$5,135$4,688$4,276$3,899$3,133
10 years$5,008$4,526$4,087$3,686$3,322$2,595
11 years$4,506$4,030$3,598$3,208$2,857$2,168
12 years$4,088$3,617$3,193$2,814$2,476$1,824
13 years$3,735$3,268$2,853$2,484$2,159$1,543
14 years$3,433$2,971$2,563$2,205$1,893$1,311
15 years$3,171$2,714$2,314$1,967$1,666$1,118
16 years$2,942$2,490$2,098$1,761$1,473$957
17 years$2,740$2,293$1,909$1,582$1,306$821
18 years$2,561$2,119$1,743$1,426$1,161$706
19 years$2,401$1,964$1,596$1,288$1,035$609
20 years$2,257$1,825$1,464$1,167$924$525
21 years$2,127$1,700$1,347$1,059$827$454
22 years$2,009$1,587$1,241$963$742$393
23 years$1,901$1,484$1,146$877$666$340
24 years$1,802$1,390$1,060$800$598$295
25 years$1,712$1,305$982$730$538$256
26 years$1,628$1,226$911$668$485$222
27 years$1,551$1,154$846$611$437$193
28 years$1,480$1,088$786$560$395$168
29 years$1,413$1,026$732$514$356$146
30 years$1,352$969$681$471$322$127
31 years$1,294$916$635$433$291$110
32 years$1,240$867$593$398$263$96
33 years$1,189$821$553$366$238$84
34 years$1,142$778$517$337$216$73
35 years$1,097$738$483$310$195$63
36 years$1,055$700$452$285$177$55
37 years$1,015$665$423$263$160$48
38 years$977$632$396$242$145$42
39 years$942$601$371$223$132$36
40 years$908$572$348$206$120$32
41 years$876$544$326$190$109$28
42 years$845$518$306$176$98$24
43 years$816$494$287$162$89$21
44 years$789$471$270$150$81$18
45 years$763$449$253$138$74$16
46 years$738$428$238$128$67$14
47 years$714$409$223$118$61$12
48 years$691$390$210$109$55$11
49 years$669$373$197$101$50$9
50 years$648$356$186$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $664,000, adding $5,657 every year, while hoping to spend $34,729 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: 66/26/8 Blend
50$664,000$664,000$664,000$664,000
51$737,563$702,371$692,079$784,747
52$775,843$699,836$678,312$814,300
53$816,864$696,013$662,921$841,916
54$860,868$690,801$645,812$871,184
55$908,122$684,096$626,893$902,263
56$958,919$675,785$606,062$935,325
57$1,013,579$665,749$583,215$970,563
58$1,072,455$653,862$558,244$1,008,190
59$1,135,935$639,990$531,034$1,048,443
60$1,204,443$623,992$501,467$1,091,583
61$1,278,447$605,719$469,417$1,137,897
62$1,358,461$585,012$434,755$1,187,707
63$1,445,050$561,703$397,345$1,241,365
64$1,538,833$535,614$357,044$1,299,263
65$1,640,493$506,559$313,704$1,361,835
66$1,750,781$474,337$267,171$1,429,558
67$1,870,521$438,740$217,281$1,502,962
68$2,000,621$399,546$163,867$1,582,634
69$2,142,079$356,519$106,752$1,669,220
70$2,295,994$309,411$45,751$1,763,437
71$2,463,575$257,961$0$1,866,077
72$2,646,150$201,892$0$1,979,666
73$2,845,184$140,911$0$2,107,796
74$3,062,287$74,710$0$2,247,643
75$3,299,231$2,961$0$2,400,409
76$3,557,968$0$0$2,567,418
77$3,840,646$0$0$2,771,500
78$4,149,630$0$0$2,995,541
79$4,487,523$0$0$3,240,587
80$4,857,193$0$0$3,508,722
81$5,261,794$0$0$3,802,240
82$5,704,804$0$0$4,123,670
83$6,190,050$0$0$4,475,794
84$6,721,746$0$0$4,861,677
85$7,304,535$0$0$5,284,695
86$7,943,530$0$0$5,748,566
87$8,644,361$0$0$6,257,383
88$9,413,230$0$0$6,815,657
89$10,256,969$0$0$7,428,356
90$11,183,102$0$0$8,100,951
91$12,199,919$0$0$8,839,471
92$13,316,549$0$0$9,650,554
93$14,543,051$0$0$10,541,516
94$15,890,505$0$0$11,520,415
95$17,371,117$0$0$12,596,126
96$18,998,335$0$0$13,778,429
97$20,786,973$0$0$15,078,099
98$22,753,352$0$0$16,507,005
99$24,915,455$0$0$18,078,223
100$27,293,091$0$0$19,806,163