Can I retire at age 51 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$55,163$54,671$54,192$53,724$53,267$51,937
2 years$27,308$26,800$26,307$25,829$25,365$24,034
3 years$18,025$17,514$17,022$16,549$16,093$14,802
4 years$13,384$12,875$12,388$11,923$11,478$10,236
5 years$10,600$10,094$9,613$9,158$8,725$7,537
6 years$8,745$8,242$7,769$7,323$6,904$5,771
7 years$7,420$6,922$6,456$6,021$5,615$4,536
8 years$6,427$5,933$5,475$5,051$4,658$3,634
9 years$5,655$5,166$4,716$4,302$3,923$2,952
10 years$5,038$4,554$4,111$3,709$3,342$2,424
11 years$4,533$4,054$3,620$3,228$2,874$2,007
12 years$4,113$3,639$3,212$2,831$2,491$1,673
13 years$3,758$3,288$2,870$2,499$2,172$1,402
14 years$3,453$2,989$2,579$2,219$1,904$1,180
15 years$3,190$2,730$2,328$1,979$1,677$997
16 years$2,959$2,505$2,111$1,772$1,482$845
17 years$2,756$2,307$1,921$1,592$1,314$718
18 years$2,576$2,132$1,753$1,435$1,168$611
19 years$2,415$1,976$1,605$1,296$1,041$521
20 years$2,270$1,836$1,473$1,174$930$445
21 years$2,139$1,710$1,355$1,065$832$380
22 years$2,021$1,596$1,249$969$746$326
23 years$1,912$1,493$1,153$882$670$279
24 years$1,813$1,399$1,066$805$602$239
25 years$1,722$1,313$988$735$542$205
26 years$1,638$1,234$916$672$488$176
27 years$1,561$1,161$851$615$440$151
28 years$1,489$1,094$791$564$397$130
29 years$1,422$1,032$736$517$358$112
30 years$1,360$975$685$474$324$96
31 years$1,302$922$639$436$293$83
32 years$1,247$872$596$400$265$71
33 years$1,196$826$557$368$240$61
34 years$1,148$783$520$339$217$53
35 years$1,103$742$486$312$197$45
36 years$1,061$705$455$287$178$39
37 years$1,021$669$426$265$161$34
38 years$983$636$399$244$146$29
39 years$947$605$374$225$133$25
40 years$913$575$350$207$120$21
41 years$881$548$328$191$109$18
42 years$850$522$308$177$99$16
43 years$821$497$289$163$90$14
44 years$794$474$271$151$82$12
45 years$767$452$255$139$74$10
46 years$742$431$239$128$67$9
47 years$718$411$225$119$61$8
48 years$695$393$211$110$55$6
49 years$673$375$199$101$50$6
50 years$652$358$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $668,000, adding $3,479 every year, while hoping to spend $50,118 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: 55/16/29 Blend
50$668,000$668,000$668,000$668,000
51$739,725$704,321$693,967$774,288
52$761,851$685,507$663,889$779,719
53$784,555$664,092$631,125$780,189
54$807,842$639,895$595,530$779,701
55$831,717$612,725$556,955$778,182
56$856,184$582,380$515,245$775,553
57$881,245$548,647$470,236$771,731
58$906,901$511,299$421,757$766,627
59$933,150$470,098$369,631$760,148
60$959,989$424,791$313,672$752,193
61$987,414$375,112$253,686$742,656
62$1,015,415$320,777$189,469$731,425
63$1,043,982$261,489$120,811$718,379
64$1,073,100$196,934$47,490$703,391
65$1,102,750$126,778$0$686,325
66$1,132,912$50,671$0$676,553
67$1,163,556$0$0$680,706
68$1,194,652$0$0$689,578
69$1,226,160$0$0$707,589
70$1,258,037$0$0$725,788
71$1,290,229$0$0$744,143
72$1,322,677$0$0$762,617
73$1,355,311$0$0$781,166
74$1,388,052$0$0$799,742
75$1,420,810$0$0$818,287
76$1,453,480$0$0$836,738
77$1,485,947$0$0$855,024
78$1,518,079$0$0$873,062
79$1,549,726$0$0$890,761
80$1,580,719$0$0$908,018
81$1,610,872$0$0$924,717
82$1,639,971$0$0$940,727
83$1,667,778$0$0$955,904
84$1,694,029$0$0$970,084
85$1,718,426$0$0$983,086
86$1,740,637$0$0$994,706
87$1,760,292$0$0$1,004,720
88$1,776,978$0$0$1,012,874
89$1,790,235$0$0$1,018,889
90$1,799,553$0$0$1,022,452
91$1,804,364$0$0$1,023,217
92$1,804,034$0$0$1,020,800
93$1,797,863$0$0$1,014,772
94$1,785,072$0$0$1,004,659
95$1,764,796$0$0$989,936
96$1,736,078$0$0$970,020
97$1,697,857$0$0$944,263
98$1,648,954$0$0$911,952
99$1,588,068$0$0$872,294
100$1,513,755$0$0$824,410