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%15.3%
1 years$55,163$54,671$54,192$53,724$53,267$52,107
2 years$27,308$26,800$26,307$25,829$25,365$24,202
3 years$18,025$17,514$17,022$16,549$16,093$14,963
4 years$13,384$12,875$12,388$11,923$11,478$10,390
5 years$10,600$10,094$9,613$9,158$8,725$7,682
6 years$8,745$8,242$7,769$7,323$6,904$5,908
7 years$7,420$6,922$6,456$6,021$5,615$4,665
8 years$6,427$5,933$5,475$5,051$4,658$3,754
9 years$5,655$5,166$4,716$4,302$3,923$3,065
10 years$5,038$4,554$4,111$3,709$3,342$2,529
11 years$4,533$4,054$3,620$3,228$2,874$2,105
12 years$4,113$3,639$3,212$2,831$2,491$1,764
13 years$3,758$3,288$2,870$2,499$2,172$1,486
14 years$3,453$2,989$2,579$2,219$1,904$1,258
15 years$3,190$2,730$2,328$1,979$1,677$1,068
16 years$2,959$2,505$2,111$1,772$1,482$911
17 years$2,756$2,307$1,921$1,592$1,314$778
18 years$2,576$2,132$1,753$1,435$1,168$666
19 years$2,415$1,976$1,605$1,296$1,041$571
20 years$2,270$1,836$1,473$1,174$930$491
21 years$2,139$1,710$1,355$1,065$832$422
22 years$2,021$1,596$1,249$969$746$364
23 years$1,912$1,493$1,153$882$670$314
24 years$1,813$1,399$1,066$805$602$271
25 years$1,722$1,313$988$735$542$234
26 years$1,638$1,234$916$672$488$202
27 years$1,561$1,161$851$615$440$174
28 years$1,489$1,094$791$564$397$151
29 years$1,422$1,032$736$517$358$130
30 years$1,360$975$685$474$324$113
31 years$1,302$922$639$436$293$98
32 years$1,247$872$596$400$265$85
33 years$1,196$826$557$368$240$73
34 years$1,148$783$520$339$217$64
35 years$1,103$742$486$312$197$55
36 years$1,061$705$455$287$178$48
37 years$1,021$669$426$265$161$41
38 years$983$636$399$244$146$36
39 years$947$605$374$225$133$31
40 years$913$575$350$207$120$27
41 years$881$548$328$191$109$23
42 years$850$522$308$177$99$20
43 years$821$497$289$163$90$18
44 years$794$474$271$151$82$15
45 years$767$452$255$139$74$13
46 years$742$431$239$128$67$11
47 years$718$411$225$119$61$10
48 years$695$393$211$110$55$9
49 years$673$375$199$101$50$7
50 years$652$358$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $668,000, adding $3,134 every year, while hoping to spend $36,011 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: 75/11/14 Blend
50$668,000$668,000$668,000$668,000
51$739,369$703,965$693,611$792,397
52$776,469$700,144$678,531$824,035
53$816,146$694,928$661,740$853,902
54$858,626$688,212$643,141$885,653
55$904,154$679,883$622,634$919,465
56$953,002$669,822$600,117$955,533
57$1,005,466$657,900$575,478$994,072
58$1,061,871$643,986$548,605$1,035,320
59$1,122,577$627,935$519,377$1,079,537
60$1,187,974$609,599$487,671$1,127,015
61$1,258,496$588,817$453,356$1,178,072
62$1,334,615$565,422$416,296$1,233,060
63$1,416,852$539,234$376,349$1,292,370
64$1,505,780$510,065$333,365$1,356,431
65$1,602,027$477,717$287,191$1,425,718
66$1,706,286$441,976$237,663$1,500,753
67$1,819,315$402,622$184,614$1,582,117
68$1,941,952$359,417$127,865$1,670,446
69$2,075,115$312,112$67,232$1,766,446
70$2,219,816$260,445$2,524$1,870,894
71$2,377,168$204,137$0$1,984,648
72$2,548,393$142,894$0$2,118,595
73$2,734,839$76,406$0$2,264,891
74$2,937,988$4,345$0$2,424,344
75$3,159,470$0$0$2,598,262
76$3,401,081$0$0$2,796,999
77$3,664,795$0$0$3,014,518
78$3,952,786$0$0$3,252,089
79$4,267,450$0$0$3,511,689
80$4,611,422$0$0$3,795,498
81$4,987,602$0$0$4,105,912
82$5,399,185$0$0$4,445,571
83$5,849,690$0$0$4,817,382
84$6,342,990$0$0$5,224,547
85$6,883,350$0$0$5,670,589
86$7,475,468$0$0$6,159,392
87$8,124,518$0$0$6,695,231
88$8,836,197$0$0$7,282,814
89$9,616,782$0$0$7,927,327
90$10,473,183$0$0$8,634,484
91$11,413,016$0$0$9,410,575
92$12,444,666$0$0$10,262,531
93$13,577,371$0$0$11,197,988
94$14,821,307$0$0$12,225,355
95$16,187,685$0$0$13,353,896
96$17,688,854$0$0$14,593,817
97$19,338,417$0$0$15,956,362
98$21,151,363$0$0$17,453,916
99$23,144,203$0$0$19,100,126
100$25,335,128$0$0$20,910,026