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%11.2%
1 years$55,328$54,835$54,354$53,885$53,427$53,157
2 years$27,390$26,880$26,386$25,906$25,441$25,169
3 years$18,079$17,566$17,073$16,598$16,141$15,875
4 years$13,424$12,913$12,425$11,958$11,512$11,254
5 years$10,632$10,124$9,642$9,185$8,751$8,502
6 years$8,771$8,267$7,792$7,345$6,924$6,684
7 years$7,442$6,943$6,476$6,039$5,631$5,400
8 years$6,446$5,951$5,492$5,066$4,672$4,450
9 years$5,672$5,182$4,730$4,315$3,934$3,721
10 years$5,053$4,567$4,124$3,720$3,352$3,148
11 years$4,547$4,066$3,630$3,237$2,883$2,688
12 years$4,125$3,649$3,222$2,839$2,498$2,312
13 years$3,769$3,298$2,879$2,507$2,179$2,001
14 years$3,464$2,998$2,586$2,225$1,910$1,741
15 years$3,199$2,739$2,335$1,985$1,682$1,520
16 years$2,968$2,513$2,117$1,777$1,486$1,333
17 years$2,765$2,314$1,927$1,597$1,318$1,172
18 years$2,584$2,138$1,759$1,439$1,172$1,034
19 years$2,422$1,982$1,610$1,300$1,044$914
20 years$2,277$1,841$1,478$1,178$933$809
21 years$2,146$1,715$1,359$1,069$835$718
22 years$2,027$1,601$1,253$972$748$638
23 years$1,918$1,497$1,157$885$672$567
24 years$1,819$1,403$1,070$807$604$505
25 years$1,727$1,317$991$737$543$451
26 years$1,643$1,237$919$674$489$402
27 years$1,565$1,165$853$617$441$359
28 years$1,493$1,097$793$565$398$321
29 years$1,426$1,035$738$518$359$287
30 years$1,364$978$688$476$325$257
31 years$1,306$924$641$437$294$230
32 years$1,251$875$598$401$266$206
33 years$1,200$828$558$369$240$185
34 years$1,152$785$522$340$218$166
35 years$1,107$745$488$313$197$149
36 years$1,064$707$456$288$179$133
37 years$1,024$671$427$265$162$120
38 years$986$638$400$245$147$107
39 years$950$607$375$226$133$96
40 years$916$577$351$208$121$86
41 years$884$549$329$192$110$78
42 years$853$523$309$177$99$70
43 years$824$498$290$163$90$63
44 years$796$475$272$151$82$56
45 years$770$453$255$139$74$51
46 years$744$432$240$129$67$45
47 years$720$412$225$119$61$41
48 years$697$394$212$110$56$37
49 years$675$376$199$102$51$33
50 years$654$359$187$94$46$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $670,000, adding $5,943 every year, while hoping to spend $42,024 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: 45/45/10 Blend
50$670,000$670,000$670,000$670,000
51$744,470$708,960$698,575$775,608
52$775,693$698,986$677,264$787,806
53$808,692$687,115$653,831$796,245
54$843,604$673,209$628,160$804,444
55$880,579$657,123$600,130$812,396
56$919,779$638,703$569,615$820,097
57$961,383$617,786$536,484$827,544
58$1,005,586$594,199$500,598$834,739
59$1,052,601$567,761$461,814$841,686
60$1,102,661$538,276$419,980$848,394
61$1,156,023$505,542$374,939$854,877
62$1,212,966$469,342$326,528$861,156
63$1,273,796$429,447$274,575$867,257
64$1,338,850$385,617$218,899$873,215
65$1,408,495$337,595$159,316$879,071
66$1,483,137$285,113$95,628$884,880
67$1,563,218$227,884$27,632$890,705
68$1,649,224$165,609$0$896,624
69$1,741,690$97,968$0$907,522
70$1,841,201$24,627$0$922,172
71$1,948,400$0$0$937,775
72$2,063,995$0$0$981,623
73$2,188,762$0$0$1,042,175
74$2,323,553$0$0$1,107,656
75$2,469,306$0$0$1,178,530
76$2,627,052$0$0$1,255,308
77$2,797,923$0$0$1,338,548
78$2,983,165$0$0$1,428,868
79$3,184,147$0$0$1,526,944
80$3,402,375$0$0$1,633,523
81$3,639,505$0$0$1,749,424
82$3,897,361$0$0$1,875,549
83$4,177,946$0$0$2,012,892
84$4,483,468$0$0$2,162,543
85$4,816,353$0$0$2,325,705
86$5,179,273$0$0$2,503,701
87$5,575,168$0$0$2,697,987
88$6,007,273$0$0$2,910,166
89$6,479,152$0$0$3,142,002
90$6,994,725$0$0$3,395,438
91$7,558,310$0$0$3,672,613
92$8,174,659$0$0$3,975,880
93$8,849,006$0$0$4,307,834
94$9,587,113$0$0$4,671,329
95$10,395,326$0$0$5,069,510
96$11,280,631$0$0$5,505,838
97$12,250,725$0$0$5,984,129
98$13,314,081$0$0$6,508,581
99$14,480,034$0$0$7,083,820
100$15,758,863$0$0$7,714,941