Can I retire at age 51 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$54,998$54,508$54,030$53,563$53,108$51,102
2 years$27,227$26,719$26,228$25,752$25,289$23,292
3 years$17,971$17,461$16,971$16,499$16,045$14,118
4 years$13,344$12,836$12,351$11,887$11,443$9,602
5 years$10,568$10,064$9,585$9,130$8,699$6,949
6 years$8,719$8,218$7,746$7,302$6,883$5,225
7 years$7,398$6,901$6,437$6,003$5,598$4,031
8 years$6,408$5,916$5,459$5,036$4,644$3,167
9 years$5,638$5,151$4,702$4,289$3,911$2,521
10 years$5,023$4,540$4,099$3,697$3,332$2,028
11 years$4,520$4,042$3,609$3,218$2,866$1,644
12 years$4,101$3,628$3,203$2,823$2,483$1,340
13 years$3,746$3,278$2,861$2,492$2,166$1,099
14 years$3,443$2,980$2,571$2,212$1,898$904
15 years$3,180$2,722$2,321$1,973$1,672$746
16 years$2,951$2,498$2,105$1,766$1,477$617
17 years$2,748$2,300$1,915$1,587$1,310$512
18 years$2,569$2,125$1,748$1,430$1,165$425
19 years$2,408$1,970$1,600$1,292$1,038$353
20 years$2,264$1,830$1,469$1,170$927$294
21 years$2,133$1,705$1,351$1,062$830$245
22 years$2,015$1,592$1,245$966$744$205
23 years$1,907$1,489$1,150$880$668$171
24 years$1,808$1,395$1,063$802$600$143
25 years$1,717$1,309$985$733$540$119
26 years$1,633$1,230$913$670$486$100
27 years$1,556$1,158$848$613$439$83
28 years$1,484$1,091$788$562$396$70
29 years$1,418$1,029$734$515$357$58
30 years$1,356$972$683$473$323$49
31 years$1,298$919$637$434$292$41
32 years$1,244$869$594$399$264$34
33 years$1,193$823$555$367$239$29
34 years$1,145$780$519$338$216$24
35 years$1,100$740$485$311$196$20
36 years$1,058$702$454$286$178$17
37 years$1,018$667$425$264$161$14
38 years$980$634$398$243$146$12
39 years$944$603$372$224$132$10
40 years$911$574$349$207$120$8
41 years$878$546$327$191$109$7
42 years$848$520$307$176$99$6
43 years$819$495$288$163$90$5
44 years$791$472$270$150$81$4
45 years$765$450$254$139$74$3
46 years$740$430$239$128$67$3
47 years$716$410$224$118$61$2
48 years$693$391$211$109$55$2
49 years$671$374$198$101$50$2
50 years$650$357$186$93$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $666,000, adding $2,942 every year, while hoping to spend $42,186 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: 38/37/25 Blend
50$666,000$666,000$666,000$666,000
51$736,967$701,669$691,346$759,379
52$767,252$691,165$669,620$765,499
53$799,212$678,732$645,753$767,983
54$832,974$664,232$619,628$769,838
55$868,675$647,518$591,123$771,034
56$906,465$628,432$560,112$771,540
57$946,510$606,810$526,461$771,327
58$988,988$582,478$490,031$770,367
59$1,034,096$555,251$450,679$768,632
60$1,082,049$524,933$408,251$766,097
61$1,133,080$491,317$362,590$762,740
62$1,187,448$454,185$313,530$758,541
63$1,245,433$413,305$260,898$753,483
64$1,307,343$368,433$204,515$747,555
65$1,373,517$319,312$144,191$740,748
66$1,444,325$265,667$79,731$733,062
67$1,520,173$207,211$10,928$724,501
68$1,601,506$143,640$0$715,078
69$1,688,812$74,631$0$721,488
70$1,782,628$0$0$731,285
71$1,883,542$0$0$741,722
72$1,992,201$0$0$785,742
73$2,109,314$0$0$833,256
74$2,235,660$0$0$884,589
75$2,372,097$0$0$940,097
76$2,519,565$0$0$1,000,174
77$2,679,098$0$0$1,065,250
78$2,851,833$0$0$1,135,800
79$3,039,021$0$0$1,212,346
80$3,242,035$0$0$1,295,462
81$3,462,387$0$0$1,385,778
82$3,701,740$0$0$1,483,989
83$3,961,921$0$0$1,590,859
84$4,244,943$0$0$1,707,228
85$4,553,019$0$0$1,834,021
86$4,888,584$0$0$1,972,255
87$5,254,318$0$0$2,123,051
88$5,653,171$0$0$2,287,641
89$6,088,388$0$0$2,467,382
90$6,563,543$0$0$2,663,769
91$7,082,570$0$0$2,878,446
92$7,649,797$0$0$3,113,224
93$8,269,994$0$0$3,370,096
94$8,948,407$0$0$3,651,257
95$9,690,818$0$0$3,959,126
96$10,503,589$0$0$4,296,363
97$11,393,728$0$0$4,665,901
98$12,368,953$0$0$5,070,968
99$13,437,762$0$0$5,515,120
100$14,609,516$0$0$6,002,274