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%19.9%
1 years$55,163$54,671$54,192$53,724$53,267$51,154
2 years$27,308$26,800$26,307$25,829$25,365$23,262
3 years$18,025$17,514$17,022$16,549$16,093$14,066
4 years$13,384$12,875$12,388$11,923$11,478$9,543
5 years$10,600$10,094$9,613$9,158$8,725$6,888
6 years$8,745$8,242$7,769$7,323$6,904$5,164
7 years$7,420$6,922$6,456$6,021$5,615$3,973
8 years$6,427$5,933$5,475$5,051$4,658$3,112
9 years$5,655$5,166$4,716$4,302$3,923$2,470
10 years$5,038$4,554$4,111$3,709$3,342$1,980
11 years$4,533$4,054$3,620$3,228$2,874$1,600
12 years$4,113$3,639$3,212$2,831$2,491$1,301
13 years$3,758$3,288$2,870$2,499$2,172$1,062
14 years$3,453$2,989$2,579$2,219$1,904$871
15 years$3,190$2,730$2,328$1,979$1,677$716
16 years$2,959$2,505$2,111$1,772$1,482$590
17 years$2,756$2,307$1,921$1,592$1,314$488
18 years$2,576$2,132$1,753$1,435$1,168$404
19 years$2,415$1,976$1,605$1,296$1,041$334
20 years$2,270$1,836$1,473$1,174$930$277
21 years$2,139$1,710$1,355$1,065$832$230
22 years$2,021$1,596$1,249$969$746$191
23 years$1,912$1,493$1,153$882$670$159
24 years$1,813$1,399$1,066$805$602$132
25 years$1,722$1,313$988$735$542$110
26 years$1,638$1,234$916$672$488$92
27 years$1,561$1,161$851$615$440$76
28 years$1,489$1,094$791$564$397$64
29 years$1,422$1,032$736$517$358$53
30 years$1,360$975$685$474$324$44
31 years$1,302$922$639$436$293$37
32 years$1,247$872$596$400$265$31
33 years$1,196$826$557$368$240$26
34 years$1,148$783$520$339$217$21
35 years$1,103$742$486$312$197$18
36 years$1,061$705$455$287$178$15
37 years$1,021$669$426$265$161$12
38 years$983$636$399$244$146$10
39 years$947$605$374$225$133$9
40 years$913$575$350$207$120$7
41 years$881$548$328$191$109$6
42 years$850$522$308$177$99$5
43 years$821$497$289$163$90$4
44 years$794$474$271$151$82$3
45 years$767$452$255$139$74$3
46 years$742$431$239$128$67$2
47 years$718$411$225$119$61$2
48 years$695$393$211$110$55$2
49 years$673$375$199$101$50$1
50 years$652$358$187$94$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $668,000, adding $3,952 every year, while hoping to spend $30,866 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: 49/33/18 Blend
50$668,000$668,000$668,000$668,000
51$740,212$704,808$694,454$772,579
52$782,873$706,503$684,878$797,084
53$828,850$707,246$673,945$820,209
54$878,450$706,958$661,580$844,669
55$932,009$705,556$647,699$870,601
56$989,895$702,949$632,218$898,158
57$1,052,514$699,044$615,048$927,510
58$1,120,313$693,739$596,094$958,845
59$1,193,780$686,928$575,259$992,372
60$1,273,457$678,498$552,440$1,028,325
61$1,359,934$668,329$527,532$1,066,963
62$1,453,864$656,294$500,422$1,108,573
63$1,555,965$642,259$470,992$1,153,474
64$1,667,025$626,082$439,122$1,202,020
65$1,787,912$607,610$404,683$1,254,604
66$1,919,582$586,685$367,542$1,311,662
67$2,063,084$563,138$327,560$1,373,676
68$2,219,577$536,790$284,592$1,441,184
69$2,390,333$507,452$238,484$1,514,778
70$2,576,753$474,923$189,080$1,595,116
71$2,780,380$438,993$136,212$1,682,928
72$3,002,912$399,437$79,709$1,779,021
73$3,246,219$356,019$19,389$1,884,290
74$3,512,359$308,489$0$1,999,724
75$3,803,598$256,584$0$2,135,059
76$4,122,433$200,025$0$2,287,403
77$4,471,612$138,516$0$2,454,412
78$4,854,160$71,747$0$2,637,612
79$5,273,411$0$0$2,838,687
80$5,733,036$0$0$3,059,722
81$6,237,077$0$0$3,330,760
82$6,789,987$0$0$3,628,151
83$7,396,672$0$0$3,954,542
84$8,062,532$0$0$4,312,848
85$8,793,519$0$0$4,706,283
86$9,596,189$0$0$5,138,384
87$10,477,760$0$0$5,613,049
88$11,446,190$0$0$6,134,572
89$12,510,239$0$0$6,707,684
90$13,679,563$0$0$7,337,596
91$14,964,795$0$0$8,030,050
92$16,377,654$0$0$8,791,370
93$17,931,048$0$0$9,628,526
94$19,639,198$0$0$10,549,196
95$21,517,774$0$0$11,561,839
96$23,584,039$0$0$12,675,775
97$25,857,014$0$0$13,901,273
98$28,357,655$0$0$15,249,648
99$31,109,054$0$0$16,733,366
100$34,136,651$0$0$18,366,163