Can I retire at age 51 with 670,000?

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 $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%16.2%
1 years$55,328$54,835$54,354$53,885$53,427$52,072
2 years$27,390$26,880$26,386$25,906$25,441$24,085
3 years$18,079$17,566$17,073$16,598$16,141$14,826
4 years$13,424$12,913$12,425$11,958$11,512$10,248
5 years$10,632$10,124$9,642$9,185$8,751$7,542
6 years$8,771$8,267$7,792$7,345$6,924$5,771
7 years$7,442$6,943$6,476$6,039$5,631$4,534
8 years$6,446$5,951$5,492$5,066$4,672$3,630
9 years$5,672$5,182$4,730$4,315$3,934$2,947
10 years$5,053$4,567$4,124$3,720$3,352$2,418
11 years$4,547$4,066$3,630$3,237$2,883$2,001
12 years$4,125$3,649$3,222$2,839$2,498$1,667
13 years$3,769$3,298$2,879$2,507$2,179$1,396
14 years$3,464$2,998$2,586$2,225$1,910$1,174
15 years$3,199$2,739$2,335$1,985$1,682$991
16 years$2,968$2,513$2,117$1,777$1,486$840
17 years$2,765$2,314$1,927$1,597$1,318$713
18 years$2,584$2,138$1,759$1,439$1,172$606
19 years$2,422$1,982$1,610$1,300$1,044$516
20 years$2,277$1,841$1,478$1,178$933$441
21 years$2,146$1,715$1,359$1,069$835$376
22 years$2,027$1,601$1,253$972$748$322
23 years$1,918$1,497$1,157$885$672$276
24 years$1,819$1,403$1,070$807$604$236
25 years$1,727$1,317$991$737$543$202
26 years$1,643$1,237$919$674$489$174
27 years$1,565$1,165$853$617$441$149
28 years$1,493$1,097$793$565$398$128
29 years$1,426$1,035$738$518$359$110
30 years$1,364$978$688$476$325$94
31 years$1,306$924$641$437$294$81
32 years$1,251$875$598$401$266$70
33 years$1,200$828$558$369$240$60
34 years$1,152$785$522$340$218$51
35 years$1,107$745$488$313$197$44
36 years$1,064$707$456$288$179$38
37 years$1,024$671$427$265$162$33
38 years$986$638$400$245$147$28
39 years$950$607$375$226$133$24
40 years$916$577$351$208$121$21
41 years$884$549$329$192$110$18
42 years$853$523$309$177$99$15
43 years$824$498$290$163$90$13
44 years$796$475$272$151$82$11
45 years$770$453$255$139$74$10
46 years$744$432$240$129$67$8
47 years$720$412$225$119$61$7
48 years$697$394$212$110$56$6
49 years$675$376$199$102$51$5
50 years$654$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 $670,000, adding $4,896 every year, while hoping to spend $46,657 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: 80/11/9 Blend
50$670,000$670,000$670,000$670,000
51$743,390$707,880$697,495$801,478
52$769,573$692,924$671,219$825,314
53$796,863$675,670$642,498$844,851
54$825,324$655,959$611,202$864,902
55$855,024$633,618$577,194$885,494
56$886,037$608,465$540,331$906,658
57$918,443$580,311$500,462$928,429
58$952,328$548,950$457,432$950,846
59$987,786$514,169$411,076$973,950
60$1,024,918$475,741$361,225$997,789
61$1,063,833$433,426$307,700$1,022,416
62$1,104,651$386,970$250,314$1,047,888
63$1,147,499$336,106$188,874$1,074,271
64$1,192,519$280,550$123,176$1,101,637
65$1,239,861$220,002$53,008$1,130,065
66$1,289,693$154,148$0$1,159,645
67$1,342,193$82,653$0$1,192,577
68$1,397,558$5,164$0$1,232,438
69$1,456,002$0$0$1,274,278
70$1,517,758$0$0$1,327,783
71$1,583,080$0$0$1,385,048
72$1,652,246$0$0$1,445,691
73$1,725,559$0$0$1,509,979
74$1,803,351$0$0$1,578,206
75$1,885,984$0$0$1,650,688
76$1,973,854$0$0$1,727,777
77$2,067,395$0$0$1,809,853
78$2,167,082$0$0$1,897,335
79$2,273,435$0$0$1,990,681
80$2,387,023$0$0$2,090,392
81$2,508,470$0$0$2,197,019
82$2,638,461$0$0$2,311,164
83$2,777,747$0$0$2,433,489
84$2,927,149$0$0$2,564,718
85$3,087,572$0$0$2,705,647
86$3,260,006$0$0$2,857,149
87$3,445,540$0$0$3,020,185
88$3,645,368$0$0$3,195,805
89$3,860,802$0$0$3,385,167
90$4,093,285$0$0$3,589,540
91$4,344,399$0$0$3,810,321
92$4,615,886$0$0$4,049,042
93$4,909,657$0$0$4,307,391
94$5,227,816$0$0$4,587,219
95$5,572,674$0$0$4,890,565
96$5,946,774$0$0$5,219,669
97$6,352,911$0$0$5,576,995
98$6,794,161$0$0$5,965,253
99$7,273,905$0$0$6,387,425
100$7,795,866$0$0$6,846,790