Can I retire at age 51 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$55,328$54,835$54,354$53,885$53,427$52,369
2 years$27,390$26,880$26,386$25,906$25,441$24,381
3 years$18,079$17,566$17,073$16,598$16,141$15,110
4 years$13,424$12,913$12,425$11,958$11,512$10,518
5 years$10,632$10,124$9,642$9,185$8,751$7,798
6 years$8,771$8,267$7,792$7,345$6,924$6,013
7 years$7,442$6,943$6,476$6,039$5,631$4,761
8 years$6,446$5,951$5,492$5,066$4,672$3,843
9 years$5,672$5,182$4,730$4,315$3,934$3,147
10 years$5,053$4,567$4,124$3,720$3,352$2,605
11 years$4,547$4,066$3,630$3,237$2,883$2,175
12 years$4,125$3,649$3,222$2,839$2,498$1,828
13 years$3,769$3,298$2,879$2,507$2,179$1,545
14 years$3,464$2,998$2,586$2,225$1,910$1,312
15 years$3,199$2,739$2,335$1,985$1,682$1,119
16 years$2,968$2,513$2,117$1,777$1,486$957
17 years$2,765$2,314$1,927$1,597$1,318$820
18 years$2,584$2,138$1,759$1,439$1,172$705
19 years$2,422$1,982$1,610$1,300$1,044$607
20 years$2,277$1,841$1,478$1,178$933$523
21 years$2,146$1,715$1,359$1,069$835$452
22 years$2,027$1,601$1,253$972$748$391
23 years$1,918$1,497$1,157$885$672$338
24 years$1,819$1,403$1,070$807$604$293
25 years$1,727$1,317$991$737$543$254
26 years$1,643$1,237$919$674$489$220
27 years$1,565$1,165$853$617$441$191
28 years$1,493$1,097$793$565$398$166
29 years$1,426$1,035$738$518$359$144
30 years$1,364$978$688$476$325$125
31 years$1,306$924$641$437$294$109
32 years$1,251$875$598$401$266$95
33 years$1,200$828$558$369$240$82
34 years$1,152$785$522$340$218$72
35 years$1,107$745$488$313$197$62
36 years$1,064$707$456$288$179$54
37 years$1,024$671$427$265$162$47
38 years$986$638$400$245$147$41
39 years$950$607$375$226$133$36
40 years$916$577$351$208$121$31
41 years$884$549$329$192$110$27
42 years$853$523$309$177$99$24
43 years$824$498$290$163$90$21
44 years$796$475$272$151$82$18
45 years$770$453$255$139$74$16
46 years$744$432$240$129$67$14
47 years$720$412$225$119$61$12
48 years$697$394$212$110$56$10
49 years$675$376$199$102$51$9
50 years$654$359$187$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $670,000, adding $4,087 every year, while hoping to spend $29,317 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: 84/9/7 Blend
50$670,000$670,000$670,000$670,000
51$742,556$707,046$696,661$804,131
52$787,103$710,498$688,806$848,399
53$835,212$713,137$679,705$892,614
54$887,215$714,891$669,286$940,257
55$943,476$715,686$657,473$991,654
56$1,004,398$715,442$644,185$1,047,163
57$1,070,421$714,073$629,340$1,107,179
58$1,142,031$711,490$612,850$1,172,137
59$1,219,762$707,597$594,624$1,242,514
60$1,304,200$702,292$574,567$1,318,838
61$1,395,992$695,468$552,578$1,401,689
62$1,495,848$687,010$528,554$1,491,707
63$1,604,549$676,798$502,386$1,589,596
64$1,722,956$664,704$473,958$1,696,132
65$1,852,015$650,592$443,153$1,812,170
66$1,992,767$634,317$409,845$1,938,651
67$2,146,359$615,729$373,905$2,076,613
68$2,314,052$594,664$335,195$2,227,200
69$2,497,237$570,954$293,576$2,391,670
70$2,697,441$544,417$248,897$2,571,411
71$2,916,350$514,863$201,004$2,767,954
72$3,155,815$482,089$149,736$2,982,983
73$3,417,880$445,883$94,923$3,218,356
74$3,704,790$406,017$36,389$3,476,119
75$4,019,021$362,255$0$3,758,527
76$4,363,298$314,342$0$4,070,014
77$4,740,623$262,014$0$4,414,397
78$5,154,302$204,988$0$4,791,991
79$5,607,975$142,967$0$5,206,136
80$6,105,653$75,637$0$5,660,515
81$6,651,753$2,666$0$6,159,187
82$7,251,139$0$0$6,706,620
83$7,909,171$0$0$7,315,298
84$8,631,753$0$0$7,983,987
85$9,425,387$0$0$8,718,441
86$10,297,238$0$0$9,525,293
87$11,255,197$0$0$10,411,846
88$12,307,958$0$0$11,386,150
89$13,465,100$0$0$12,457,070
90$14,737,175$0$0$13,634,375
91$16,135,809$0$0$14,928,825
92$17,673,810$0$0$16,352,276
93$19,365,289$0$0$17,917,793
94$21,225,795$0$0$19,639,765
95$23,272,458$0$0$21,534,052
96$25,524,152$0$0$23,618,123
97$28,001,673$0$0$25,911,228
98$30,727,933$0$0$28,434,578
99$33,728,180$0$0$31,211,543
100$37,030,231$0$0$34,267,872