Can I retire at age 51 with 664,000?

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 $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%12.9%
1 years$54,832$54,344$53,868$53,402$52,948$52,308
2 years$27,145$26,639$26,149$25,674$25,213$24,569
3 years$17,917$17,409$16,920$16,450$15,996$15,368
4 years$13,304$12,797$12,314$11,851$11,409$10,801
5 years$10,537$10,033$9,556$9,103$8,673$8,088
6 years$8,692$8,193$7,723$7,280$6,862$6,301
7 years$7,376$6,880$6,418$5,985$5,581$5,043
8 years$6,389$5,898$5,443$5,021$4,630$4,115
9 years$5,621$5,135$4,688$4,276$3,899$3,408
10 years$5,008$4,526$4,087$3,686$3,322$2,854
11 years$4,506$4,030$3,598$3,208$2,857$2,411
12 years$4,088$3,617$3,193$2,814$2,476$2,052
13 years$3,735$3,268$2,853$2,484$2,159$1,756
14 years$3,433$2,971$2,563$2,205$1,893$1,511
15 years$3,171$2,714$2,314$1,967$1,666$1,305
16 years$2,942$2,490$2,098$1,761$1,473$1,131
17 years$2,740$2,293$1,909$1,582$1,306$983
18 years$2,561$2,119$1,743$1,426$1,161$856
19 years$2,401$1,964$1,596$1,288$1,035$747
20 years$2,257$1,825$1,464$1,167$924$654
21 years$2,127$1,700$1,347$1,059$827$573
22 years$2,009$1,587$1,241$963$742$502
23 years$1,901$1,484$1,146$877$666$441
24 years$1,802$1,390$1,060$800$598$388
25 years$1,712$1,305$982$730$538$341
26 years$1,628$1,226$911$668$485$301
27 years$1,551$1,154$846$611$437$265
28 years$1,480$1,088$786$560$395$234
29 years$1,413$1,026$732$514$356$206
30 years$1,352$969$681$471$322$182
31 years$1,294$916$635$433$291$161
32 years$1,240$867$593$398$263$142
33 years$1,189$821$553$366$238$125
34 years$1,142$778$517$337$216$111
35 years$1,097$738$483$310$195$98
36 years$1,055$700$452$285$177$87
37 years$1,015$665$423$263$160$77
38 years$977$632$396$242$145$68
39 years$942$601$371$223$132$60
40 years$908$572$348$206$120$53
41 years$876$544$326$190$109$47
42 years$845$518$306$176$98$42
43 years$816$494$287$162$89$37
44 years$789$471$270$150$81$33
45 years$763$449$253$138$74$29
46 years$738$428$238$128$67$26
47 years$714$409$223$118$61$23
48 years$691$390$210$109$55$20
49 years$669$373$197$101$50$18
50 years$648$356$186$93$45$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $664,000, adding $4,481 every year, while hoping to spend $34,333 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: 56/19/25 Blend
50$664,000$664,000$664,000$664,000
51$736,350$701,158$690,866$772,321
52$774,928$698,985$677,480$795,315
53$816,290$695,554$662,495$816,370
54$860,684$690,769$645,821$838,594
55$908,381$684,525$627,364$862,107
56$959,681$676,711$607,026$887,048
57$1,014,911$667,213$584,703$913,568
58$1,074,431$655,905$560,290$941,837
59$1,138,635$642,657$533,672$972,045
60$1,207,959$627,330$504,733$1,004,401
61$1,282,879$609,777$473,350$1,039,139
62$1,363,920$589,843$439,394$1,076,519
63$1,451,658$567,363$402,732$1,116,828
64$1,546,726$542,164$363,222$1,160,387
65$1,649,822$514,059$320,720$1,207,551
66$1,761,712$482,856$275,072$1,258,716
67$1,883,238$448,347$226,118$1,314,318
68$2,015,327$410,316$173,692$1,374,845
69$2,158,999$368,530$117,620$1,440,833
70$2,315,377$322,748$57,720$1,512,881
71$2,485,694$272,711$0$1,591,650
72$2,671,308$218,148$0$1,679,528
73$2,873,716$158,771$0$1,792,211
74$3,094,563$94,279$0$1,915,240
75$3,335,659$24,349$0$2,049,670
76$3,598,999$0$0$2,196,663
77$3,886,777$0$0$2,368,238
78$4,201,410$0$0$2,561,448
79$4,545,559$0$0$2,772,842
80$4,922,152$0$0$3,004,227
81$5,334,415$0$0$3,257,593
82$5,785,900$0$0$3,535,131
83$6,280,520$0$0$3,839,253
84$6,822,581$0$0$4,172,617
85$7,416,827$0$0$4,538,150
86$8,068,485$0$0$4,939,075
87$8,783,309$0$0$5,378,943
88$9,567,638$0$0$5,861,663
89$10,428,454$0$0$6,391,544
90$11,373,448$0$0$6,973,331
91$12,411,092$0$0$7,612,250
92$13,550,718$0$0$8,314,060
93$14,802,608$0$0$9,085,103
94$16,178,087$0$0$9,932,367
95$17,689,632$0$0$10,863,551
96$19,350,987$0$0$11,887,134
97$21,177,297$0$0$13,012,462
98$23,185,244$0$0$14,249,828
99$25,393,210$0$0$15,610,573
100$27,821,445$0$0$17,107,192