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%11.6%
1 years$54,998$54,508$54,030$53,563$53,108$52,751
2 years$27,227$26,719$26,228$25,752$25,289$24,930
3 years$17,971$17,461$16,971$16,499$16,045$15,693
4 years$13,344$12,836$12,351$11,887$11,443$11,102
5 years$10,568$10,064$9,585$9,130$8,699$8,370
6 years$8,719$8,218$7,746$7,302$6,883$6,566
7 years$7,398$6,901$6,437$6,003$5,598$5,293
8 years$6,408$5,916$5,459$5,036$4,644$4,352
9 years$5,638$5,151$4,702$4,289$3,911$3,631
10 years$5,023$4,540$4,099$3,697$3,332$3,065
11 years$4,520$4,042$3,609$3,218$2,866$2,610
12 years$4,101$3,628$3,203$2,823$2,483$2,240
13 years$3,746$3,278$2,861$2,492$2,166$1,933
14 years$3,443$2,980$2,571$2,212$1,898$1,677
15 years$3,180$2,722$2,321$1,973$1,672$1,461
16 years$2,951$2,498$2,105$1,766$1,477$1,278
17 years$2,748$2,300$1,915$1,587$1,310$1,121
18 years$2,569$2,125$1,748$1,430$1,165$985
19 years$2,408$1,970$1,600$1,292$1,038$868
20 years$2,264$1,830$1,469$1,170$927$767
21 years$2,133$1,705$1,351$1,062$830$678
22 years$2,015$1,592$1,245$966$744$601
23 years$1,907$1,489$1,150$880$668$533
24 years$1,808$1,395$1,063$802$600$473
25 years$1,717$1,309$985$733$540$421
26 years$1,633$1,230$913$670$486$374
27 years$1,556$1,158$848$613$439$333
28 years$1,484$1,091$788$562$396$297
29 years$1,418$1,029$734$515$357$265
30 years$1,356$972$683$473$323$236
31 years$1,298$919$637$434$292$211
32 years$1,244$869$594$399$264$188
33 years$1,193$823$555$367$239$168
34 years$1,145$780$519$338$216$150
35 years$1,100$740$485$311$196$134
36 years$1,058$702$454$286$178$120
37 years$1,018$667$425$264$161$107
38 years$980$634$398$243$146$96
39 years$944$603$372$224$132$86
40 years$911$574$349$207$120$77
41 years$878$546$327$191$109$69
42 years$848$520$307$176$99$62
43 years$819$495$288$163$90$55
44 years$791$472$270$150$81$49
45 years$765$450$254$139$74$44
46 years$740$430$239$128$67$40
47 years$716$410$224$118$61$35
48 years$693$391$211$109$55$32
49 years$671$374$198$101$50$28
50 years$650$357$186$93$46$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $666,000, adding $5,139 every year, while hoping to spend $30,516 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: 43/44/13 Blend
50$666,000$666,000$666,000$666,000
51$739,233$703,935$693,612$768,021
52$782,166$705,959$684,379$790,695
53$828,455$707,059$673,814$811,789
54$878,411$707,159$661,840$833,972
55$932,374$706,175$648,377$857,356
56$990,719$704,020$633,341$882,067
57$1,053,857$700,602$616,643$908,245
58$1,122,241$695,822$598,191$936,048
59$1,196,369$689,576$577,889$965,649
60$1,276,786$681,753$555,636$997,244
61$1,364,096$672,236$531,327$1,031,049
62$1,458,958$660,901$504,851$1,067,306
63$1,562,102$647,615$476,094$1,106,283
64$1,674,329$632,240$444,935$1,148,280
65$1,796,518$614,628$411,248$1,193,629
66$1,929,640$594,621$374,902$1,242,700
67$2,074,762$572,056$335,760$1,295,903
68$2,233,057$546,757$293,677$1,353,696
69$2,405,819$518,538$248,505$1,416,584
70$2,594,469$487,203$200,087$1,485,131
71$2,800,575$452,546$148,260$1,559,961
72$3,025,859$414,346$92,852$1,641,767
73$3,272,221$372,373$33,687$1,731,319
74$3,541,750$326,382$0$1,829,468
75$3,836,747$276,114$0$1,941,245
76$4,159,747$221,295$0$2,068,865
77$4,513,540$161,637$0$2,208,838
78$4,901,199$96,835$0$2,362,481
79$5,326,109$26,567$0$2,531,248
80$5,791,996$0$0$2,716,748
81$6,302,967$0$0$2,944,731
82$6,863,542$0$0$3,209,042
83$7,478,703$0$0$3,499,178
84$8,153,935$0$0$3,817,736
85$8,895,282$0$0$4,167,579
86$9,709,400$0$0$4,551,859
87$10,603,622$0$0$4,974,051
88$11,586,026$0$0$5,437,980
89$12,665,512$0$0$5,947,861
90$13,851,884$0$0$6,508,340
91$15,155,941$0$0$7,124,532
92$16,589,585$0$0$7,802,075
93$18,165,923$0$0$8,547,178
94$19,899,401$0$0$9,366,685
95$21,805,931$0$0$10,268,133
96$23,903,045$0$0$11,259,830
97$26,210,062$0$0$12,350,927
98$28,748,266$0$0$13,551,507
99$31,541,106$0$0$14,872,681
100$34,614,423$0$0$16,326,691