Can I retire at age 51 with 668,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$55,163$54,671$54,192$53,724$53,267$52,887
2 years$27,308$26,800$26,307$25,829$25,365$24,982
3 years$18,025$17,514$17,022$16,549$16,093$15,718
4 years$13,384$12,875$12,388$11,923$11,478$11,115
5 years$10,600$10,094$9,613$9,158$8,725$8,375
6 years$8,745$8,242$7,769$7,323$6,904$6,567
7 years$7,420$6,922$6,456$6,021$5,615$5,291
8 years$6,427$5,933$5,475$5,051$4,658$4,347
9 years$5,655$5,166$4,716$4,302$3,923$3,625
10 years$5,038$4,554$4,111$3,709$3,342$3,058
11 years$4,533$4,054$3,620$3,228$2,874$2,603
12 years$4,113$3,639$3,212$2,831$2,491$2,232
13 years$3,758$3,288$2,870$2,499$2,172$1,925
14 years$3,453$2,989$2,579$2,219$1,904$1,669
15 years$3,190$2,730$2,328$1,979$1,677$1,453
16 years$2,959$2,505$2,111$1,772$1,482$1,270
17 years$2,756$2,307$1,921$1,592$1,314$1,113
18 years$2,576$2,132$1,753$1,435$1,168$978
19 years$2,415$1,976$1,605$1,296$1,041$861
20 years$2,270$1,836$1,473$1,174$930$760
21 years$2,139$1,710$1,355$1,065$832$672
22 years$2,021$1,596$1,249$969$746$595
23 years$1,912$1,493$1,153$882$670$527
24 years$1,813$1,399$1,066$805$602$468
25 years$1,722$1,313$988$735$542$415
26 years$1,638$1,234$916$672$488$369
27 years$1,561$1,161$851$615$440$329
28 years$1,489$1,094$791$564$397$292
29 years$1,422$1,032$736$517$358$261
30 years$1,360$975$685$474$324$232
31 years$1,302$922$639$436$293$207
32 years$1,247$872$596$400$265$185
33 years$1,196$826$557$368$240$165
34 years$1,148$783$520$339$217$147
35 years$1,103$742$486$312$197$131
36 years$1,061$705$455$287$178$117
37 years$1,021$669$426$265$161$105
38 years$983$636$399$244$146$94
39 years$947$605$374$225$133$84
40 years$913$575$350$207$120$75
41 years$881$548$328$191$109$67
42 years$850$522$308$177$99$60
43 years$821$497$289$163$90$54
44 years$794$474$271$151$82$48
45 years$767$452$255$139$74$43
46 years$742$431$239$128$67$38
47 years$718$411$225$119$61$34
48 years$695$393$211$110$55$31
49 years$673$375$199$101$50$27
50 years$652$358$187$94$46$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $668,000, adding $3,350 every year, while hoping to spend $27,064 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: 39/40/21 Blend
50$668,000$668,000$668,000$668,000
51$739,592$704,188$693,834$763,695
52$786,234$709,897$688,281$787,074
53$836,727$714,979$681,636$809,525
54$891,434$719,374$673,832$833,250
55$950,757$723,020$664,801$858,380
56$1,015,135$725,849$654,473$885,059
57$1,085,053$727,789$642,772$913,451
58$1,161,043$728,765$629,619$943,736
59$1,243,691$728,697$614,934$976,113
60$1,333,643$727,498$598,629$1,010,806
61$1,431,607$725,078$580,616$1,048,061
62$1,538,364$721,340$560,800$1,088,154
63$1,654,774$716,183$539,083$1,131,389
64$1,781,782$709,496$515,363$1,178,105
65$1,920,428$701,166$489,532$1,228,679
66$2,071,859$691,071$461,479$1,283,526
67$2,237,335$679,080$431,085$1,343,110
68$2,418,246$665,057$398,229$1,407,943
69$2,616,120$648,858$362,782$1,478,593
70$2,832,640$630,328$324,611$1,555,692
71$3,069,659$609,304$283,576$1,639,936
72$3,329,220$585,616$239,532$1,732,099
73$3,613,569$559,080$192,325$1,833,039
74$3,925,182$529,504$141,797$1,943,703
75$4,266,786$496,684$87,781$2,065,142
76$4,641,381$460,404$30,105$2,198,518
77$5,052,276$420,438$0$2,345,118
78$5,503,112$376,544$0$2,513,411
79$5,997,902$328,467$0$2,705,583
80$6,541,066$275,939$0$2,916,667
81$7,137,470$218,676$0$3,148,637
82$7,792,478$156,377$0$3,403,669
83$8,511,996$88,725$0$3,684,171
84$9,302,533$15,386$0$3,992,798
85$10,171,258$0$0$4,332,482
86$11,126,068$0$0$4,734,628
87$12,175,666$0$0$5,184,240
88$13,329,636$0$0$5,678,662
89$14,598,541$0$0$6,222,432
90$15,994,017$0$0$6,820,550
91$17,528,884$0$0$7,478,524
92$19,217,267$0$0$8,202,424
93$21,074,728$0$0$8,998,935
94$23,118,416$0$0$9,875,427
95$25,367,223$0$0$10,840,016
96$27,841,966$0$0$11,901,648
97$30,565,582$0$0$13,070,180
98$33,563,345$0$0$14,356,470
99$36,863,102$0$0$15,772,485
100$40,495,537$0$0$17,331,411