Can I retire at age 51 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$55,080$54,590$54,111$53,644$53,188$51,485
2 years$27,267$26,760$26,267$25,790$25,327$23,628
3 years$17,998$17,488$16,997$16,524$16,069$14,425
4 years$13,364$12,855$12,369$11,905$11,460$9,886
5 years$10,584$10,079$9,599$9,144$8,712$7,211
6 years$8,732$8,230$7,757$7,312$6,893$5,467
7 years$7,409$6,912$6,447$6,012$5,606$4,254
8 years$6,417$5,924$5,467$5,043$4,651$3,371
9 years$5,647$5,158$4,709$4,296$3,917$2,709
10 years$5,030$4,547$4,105$3,703$3,337$2,200
11 years$4,526$4,048$3,614$3,223$2,870$1,800
12 years$4,107$3,633$3,208$2,827$2,487$1,483
13 years$3,752$3,283$2,866$2,496$2,169$1,228
14 years$3,448$2,984$2,575$2,215$1,901$1,021
15 years$3,185$2,726$2,325$1,976$1,674$852
16 years$2,955$2,501$2,108$1,769$1,479$712
17 years$2,752$2,304$1,918$1,589$1,312$597
18 years$2,572$2,129$1,751$1,432$1,166$502
19 years$2,412$1,973$1,603$1,294$1,040$422
20 years$2,267$1,833$1,471$1,172$929$355
21 years$2,136$1,708$1,353$1,064$831$300
22 years$2,018$1,594$1,247$967$745$253
23 years$1,910$1,491$1,151$881$669$214
24 years$1,811$1,397$1,065$803$601$181
25 years$1,720$1,311$986$734$541$153
26 years$1,636$1,232$915$671$487$129
27 years$1,558$1,159$849$614$439$109
28 years$1,487$1,093$790$563$396$93
29 years$1,420$1,031$735$516$358$78
30 years$1,358$973$684$474$323$66
31 years$1,300$920$638$435$292$56
32 years$1,245$871$595$400$264$48
33 years$1,194$824$556$368$239$40
34 years$1,147$781$519$338$217$34
35 years$1,102$741$486$311$196$29
36 years$1,059$703$454$287$178$25
37 years$1,019$668$425$264$161$21
38 years$982$635$398$243$146$18
39 years$946$604$373$225$132$15
40 years$912$574$350$207$120$13
41 years$880$547$328$191$109$11
42 years$849$521$308$176$99$9
43 years$820$496$289$163$90$8
44 years$792$473$271$150$81$7
45 years$766$451$254$139$74$6
46 years$741$430$239$128$67$5
47 years$717$411$224$118$61$4
48 years$694$392$211$109$55$3
49 years$672$374$198$101$50$3
50 years$651$358$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $667,000, adding $6,439 every year, while hoping to spend $30,154 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: 75/5/20 Blend
50$667,000$667,000$667,000$667,000
51$741,676$706,325$695,986$793,333
52$785,243$708,851$687,218$830,979
53$832,244$710,491$677,146$867,915
54$882,996$711,168$665,693$907,619
55$937,849$710,803$652,782$950,360
56$997,189$709,311$638,329$996,433
57$1,061,437$706,602$622,248$1,046,166
58$1,131,058$702,580$604,448$1,099,919
59$1,206,563$697,144$584,834$1,158,089
60$1,288,514$690,185$563,307$1,221,114
61$1,377,528$681,591$539,764$1,289,479
62$1,474,287$671,239$514,097$1,363,715
63$1,579,536$659,002$486,191$1,444,412
64$1,694,099$644,743$455,929$1,532,217
65$1,818,882$628,320$423,187$1,627,846
66$1,954,879$609,580$387,835$1,732,088
67$2,103,189$588,361$349,740$1,845,812
68$2,265,016$564,493$308,758$1,969,977
69$2,441,690$537,795$264,744$2,105,643
70$2,634,673$508,077$217,543$2,253,974
71$2,845,573$475,137$166,995$2,416,259
72$3,076,164$438,761$112,931$2,593,915
73$3,328,395$398,723$55,177$2,788,508
74$3,604,416$354,785$0$3,001,762
75$3,906,592$306,694$0$3,236,958
76$4,237,526$254,185$0$3,507,472
77$4,600,089$196,975$0$3,803,872
78$4,997,439$134,767$0$4,128,753
79$5,433,055$67,248$0$4,484,974
80$5,910,769$0$0$4,875,685
81$6,434,801$0$0$5,304,680
82$7,009,800$0$0$5,779,485
83$7,640,886$0$0$6,300,634
84$8,333,701$0$0$6,872,786
85$9,094,455$0$0$7,501,077
86$9,929,994$0$0$8,191,162
87$10,847,857$0$0$8,949,272
88$11,856,350$0$0$9,782,272
89$12,964,623$0$0$10,697,724
90$14,182,755$0$0$11,703,958
91$15,521,853$0$0$12,810,152
92$16,994,151$0$0$14,026,419
93$18,613,129$0$0$15,363,898
94$20,393,638$0$0$16,834,864
95$22,352,042$0$0$18,452,839
96$24,506,367$0$0$20,232,724
97$26,876,478$0$0$22,190,935
98$29,484,260$0$0$24,345,558
99$32,353,827$0$0$26,716,525
100$35,511,748$0$0$29,325,793