Can I retire at age 51 with 665,000?

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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$54,915$54,426$53,949$53,483$53,028$52,628
2 years$27,186$26,679$26,189$25,713$25,251$24,848
3 years$17,944$17,435$16,946$16,475$16,021$15,626
4 years$13,324$12,817$12,332$11,869$11,426$11,044
5 years$10,552$10,049$9,570$9,117$8,686$8,317
6 years$8,705$8,205$7,734$7,291$6,873$6,518
7 years$7,387$6,891$6,427$5,994$5,589$5,249
8 years$6,398$5,907$5,451$5,028$4,637$4,310
9 years$5,630$5,143$4,695$4,283$3,905$3,592
10 years$5,015$4,533$4,093$3,692$3,327$3,028
11 years$4,513$4,036$3,603$3,213$2,862$2,576
12 years$4,094$3,622$3,198$2,818$2,480$2,207
13 years$3,741$3,273$2,857$2,488$2,162$1,903
14 years$3,438$2,975$2,567$2,209$1,896$1,649
15 years$3,175$2,718$2,318$1,970$1,669$1,435
16 years$2,946$2,494$2,101$1,764$1,475$1,253
17 years$2,744$2,297$1,912$1,585$1,308$1,097
18 years$2,565$2,122$1,746$1,428$1,163$963
19 years$2,404$1,967$1,598$1,290$1,037$848
20 years$2,260$1,828$1,467$1,169$926$748
21 years$2,130$1,702$1,349$1,061$829$660
22 years$2,012$1,589$1,243$964$743$584
23 years$1,904$1,486$1,148$878$667$517
24 years$1,805$1,393$1,062$801$599$459
25 years$1,714$1,307$983$732$539$407
26 years$1,631$1,228$912$669$486$362
27 years$1,554$1,156$847$612$438$321
28 years$1,482$1,089$787$561$395$286
29 years$1,416$1,028$733$514$357$255
30 years$1,354$970$682$472$322$227
31 years$1,296$917$636$434$291$202
32 years$1,242$868$594$398$264$180
33 years$1,191$822$554$366$239$161
34 years$1,143$779$518$337$216$143
35 years$1,098$739$484$310$196$128
36 years$1,056$701$453$286$177$114
37 years$1,016$666$424$263$161$102
38 years$979$633$397$243$146$91
39 years$943$602$372$224$132$81
40 years$909$573$349$206$120$73
41 years$877$545$327$190$109$65
42 years$847$519$307$176$99$58
43 years$818$495$288$162$90$52
44 years$790$472$270$150$81$46
45 years$764$450$254$138$74$41
46 years$739$429$238$128$67$37
47 years$715$409$224$118$61$33
48 years$692$391$210$109$55$30
49 years$670$373$198$101$50$26
50 years$649$357$186$93$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $665,000, adding $2,409 every year, while hoping to spend $23,934 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: 81/7/12 Blend
50$665,000$665,000$665,000$665,000
51$735,315$700,070$689,762$793,083
52$784,851$708,908$687,404$840,175
53$838,638$717,376$684,164$888,478
54$897,084$725,433$679,988$940,797
55$960,638$733,030$674,819$997,520
56$1,029,794$740,120$668,597$1,059,078
57$1,105,096$746,648$661,258$1,125,945
58$1,187,142$752,560$652,736$1,198,642
59$1,276,591$757,795$642,962$1,277,745
60$1,374,166$762,291$631,865$1,363,886
61$1,480,666$765,978$619,367$1,457,764
62$1,596,969$768,786$605,391$1,560,146
63$1,724,040$770,637$589,852$1,671,880
64$1,862,945$771,451$572,665$1,793,899
65$2,014,854$771,140$553,738$1,927,231
66$2,181,057$769,615$532,976$2,073,009
67$2,362,975$766,776$510,281$2,232,480
68$2,562,171$762,520$485,548$2,407,022
69$2,780,367$756,739$458,669$2,598,149
70$3,019,461$749,315$429,530$2,807,532
71$3,281,540$740,125$398,013$3,037,012
72$3,568,905$729,039$363,995$3,288,617
73$3,884,090$715,919$327,345$3,564,583
74$4,229,885$700,616$287,929$3,867,373
75$4,609,364$682,977$245,605$4,199,702
76$5,025,912$662,837$200,227$4,564,563
77$5,483,261$640,021$151,639$4,965,252
78$5,985,517$614,346$99,683$5,405,403
79$6,537,206$585,615$44,189$5,889,022
80$7,143,315$553,624$0$6,420,522
81$7,809,335$518,153$0$7,006,691
82$8,541,317$478,973$0$7,657,129
83$9,345,927$435,839$0$8,372,104
84$10,230,510$388,493$0$9,158,152
85$11,203,155$336,663$0$10,022,476
86$12,272,779$280,061$0$10,973,011
87$13,449,201$218,383$0$12,018,502
88$14,743,244$151,308$0$13,168,584
89$16,166,829$78,496$0$14,433,875
90$17,733,092$0$0$15,826,073
91$19,456,508$0$0$17,358,102
92$21,353,023$0$0$19,050,680
93$23,440,209$0$0$20,913,447
94$25,737,427$0$0$22,963,682
95$28,266,010$0$0$25,220,430
96$31,049,465$0$0$27,704,670
97$34,113,693$0$0$30,439,524
98$37,487,232$0$0$33,450,465
99$41,201,533$0$0$36,765,565
100$45,291,245$0$0$40,415,754