Can I retire at age 51 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$55,245$54,753$54,273$53,805$53,347$51,994
2 years$27,349$26,840$26,346$25,868$25,403$24,049
3 years$18,052$17,540$17,048$16,574$16,117$14,804
4 years$13,404$12,894$12,406$11,940$11,495$10,233
5 years$10,616$10,109$9,628$9,171$8,738$7,531
6 years$8,758$8,255$7,781$7,334$6,914$5,762
7 years$7,431$6,932$6,466$6,030$5,623$4,527
8 years$6,437$5,942$5,484$5,058$4,665$3,625
9 years$5,664$5,174$4,723$4,309$3,929$2,943
10 years$5,045$4,560$4,118$3,714$3,347$2,415
11 years$4,540$4,060$3,625$3,232$2,879$1,998
12 years$4,119$3,644$3,217$2,835$2,495$1,665
13 years$3,763$3,293$2,874$2,503$2,175$1,394
14 years$3,458$2,993$2,583$2,222$1,907$1,173
15 years$3,195$2,734$2,332$1,982$1,679$990
16 years$2,964$2,509$2,114$1,774$1,484$838
17 years$2,761$2,311$1,924$1,594$1,316$712
18 years$2,580$2,135$1,756$1,437$1,170$605
19 years$2,419$1,979$1,608$1,298$1,043$516
20 years$2,274$1,839$1,475$1,176$931$440
21 years$2,143$1,713$1,357$1,067$834$376
22 years$2,024$1,599$1,251$970$747$322
23 years$1,915$1,495$1,155$884$671$275
24 years$1,816$1,401$1,068$806$603$236
25 years$1,725$1,315$989$736$542$202
26 years$1,641$1,236$917$673$489$173
27 years$1,563$1,163$852$616$441$149
28 years$1,491$1,096$792$564$397$128
29 years$1,424$1,034$737$518$359$110
30 years$1,362$976$686$475$324$94
31 years$1,304$923$640$436$293$81
32 years$1,249$873$597$401$265$70
33 years$1,198$827$558$369$240$60
34 years$1,150$784$521$339$217$51
35 years$1,105$743$487$312$197$44
36 years$1,063$706$456$288$178$38
37 years$1,022$670$426$265$162$33
38 years$985$637$399$244$147$28
39 years$949$606$374$225$133$24
40 years$915$576$351$208$121$21
41 years$882$548$329$192$109$18
42 years$852$522$308$177$99$15
43 years$823$498$289$163$90$13
44 years$795$474$272$151$82$11
45 years$768$452$255$139$74$10
46 years$743$432$240$129$67$8
47 years$719$412$225$119$61$7
48 years$696$393$212$110$56$6
49 years$674$375$199$101$50$5
50 years$653$359$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 $669,000, adding $3,509 every year, while hoping to spend $31,566 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: 41/41/18 Blend
50$669,000$669,000$669,000$669,000
51$740,858$705,401$695,031$767,171
52$782,839$706,379$684,729$787,171
53$828,045$706,348$673,023$805,476
54$876,770$705,224$659,834$824,629
55$929,340$702,919$645,078$844,721
56$986,110$699,340$628,666$865,857
57$1,047,474$694,388$610,506$888,156
58$1,113,861$687,958$590,503$911,748
59$1,185,745$679,938$568,556$936,782
60$1,263,648$670,211$544,558$963,421
61$1,348,140$658,652$518,401$991,851
62$1,439,852$645,127$489,969$1,022,277
63$1,539,475$629,497$459,142$1,054,930
64$1,647,773$611,614$425,794$1,090,067
65$1,765,582$591,319$389,794$1,127,974
66$1,893,823$568,446$351,005$1,168,970
67$2,033,513$542,819$309,283$1,213,412
68$2,185,766$514,252$264,479$1,261,696
69$2,351,811$482,547$216,436$1,314,263
70$2,533,000$447,496$164,991$1,371,605
71$2,730,822$408,879$109,974$1,434,267
72$2,946,914$366,463$51,207$1,502,856
73$3,183,081$320,001$0$1,578,047
74$3,441,307$269,233$0$1,662,799
75$3,723,780$213,885$0$1,766,374
76$4,032,905$153,665$0$1,879,888
77$4,371,334$88,268$0$2,004,407
78$4,741,986$17,368$0$2,141,111
79$5,148,075$0$0$2,291,304
80$5,593,141$0$0$2,483,218
81$6,081,082$0$0$2,702,297
82$6,616,192$0$0$2,942,645
83$7,203,201$0$0$3,206,397
84$7,847,319$0$0$3,495,905
85$8,554,281$0$0$3,813,761
86$9,330,410$0$0$4,162,817
87$10,182,668$0$0$4,546,219
88$11,118,723$0$0$4,967,431
89$12,147,024$0$0$5,430,266
90$13,276,879$0$0$5,938,931
91$14,518,542$0$0$6,498,054
92$15,883,308$0$0$7,112,738
93$17,383,622$0$0$7,788,605
94$19,033,194$0$0$8,531,847
95$20,847,132$0$0$9,349,286
96$22,842,076$0$0$10,248,441
97$25,036,363$0$0$11,237,594
98$27,450,197$0$0$12,325,871
99$30,105,835$0$0$13,523,326
100$33,027,803$0$0$14,841,038