Can I retire at age 51 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$55,411$54,917$54,435$53,965$53,506$53,192
2 years$27,431$26,920$26,425$25,945$25,479$25,162
3 years$18,106$17,593$17,099$16,623$16,165$15,854
4 years$13,444$12,932$12,443$11,976$11,529$11,228
5 years$10,648$10,139$9,657$9,199$8,764$8,473
6 years$8,784$8,279$7,804$7,356$6,935$6,655
7 years$7,453$6,953$6,485$6,048$5,640$5,371
8 years$6,456$5,960$5,500$5,074$4,679$4,420
9 years$5,680$5,189$4,737$4,322$3,940$3,692
10 years$5,060$4,574$4,130$3,725$3,357$3,120
11 years$4,554$4,072$3,636$3,242$2,887$2,661
12 years$4,131$3,655$3,227$2,844$2,502$2,286
13 years$3,774$3,303$2,883$2,511$2,182$1,976
14 years$3,469$3,002$2,590$2,229$1,913$1,716
15 years$3,204$2,743$2,339$1,988$1,684$1,497
16 years$2,973$2,516$2,120$1,780$1,488$1,311
17 years$2,769$2,317$1,929$1,599$1,320$1,151
18 years$2,588$2,141$1,761$1,441$1,173$1,014
19 years$2,426$1,985$1,612$1,302$1,046$895
20 years$2,281$1,844$1,480$1,179$934$791
21 years$2,149$1,718$1,361$1,070$836$701
22 years$2,030$1,604$1,254$973$749$622
23 years$1,921$1,500$1,158$886$673$552
24 years$1,821$1,405$1,071$808$605$491
25 years$1,730$1,319$992$738$544$437
26 years$1,646$1,239$920$675$490$390
27 years$1,568$1,166$854$618$442$348
28 years$1,496$1,099$794$566$399$310
29 years$1,428$1,037$739$519$360$277
30 years$1,366$979$689$476$325$247
31 years$1,307$926$642$438$294$221
32 years$1,253$876$599$402$266$198
33 years$1,202$829$559$370$241$177
34 years$1,154$786$522$340$218$158
35 years$1,108$746$488$313$197$142
36 years$1,066$708$457$288$179$127
37 years$1,025$672$428$266$162$114
38 years$987$639$401$245$147$102
39 years$951$607$375$226$133$91
40 years$917$578$352$208$121$82
41 years$885$550$330$192$110$73
42 years$854$524$309$177$100$66
43 years$825$499$290$164$90$59
44 years$797$476$273$151$82$53
45 years$771$454$256$140$74$47
46 years$745$433$240$129$68$43
47 years$721$413$226$119$61$38
48 years$698$394$212$110$56$34
49 years$676$377$199$102$51$31
50 years$655$360$187$94$46$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $671,000, adding $2,938 every year, while hoping to spend $37,892 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: 58/33/9 Blend
50$671,000$671,000$671,000$671,000
51$742,473$706,910$696,509$783,818
52$777,888$701,231$679,525$806,305
53$815,646$694,005$660,703$826,285
54$855,945$685,114$639,939$847,136
55$899,003$674,437$617,129$868,946
56$945,060$661,843$592,161$891,810
57$994,376$647,193$564,919$915,839
58$1,047,240$630,343$535,282$941,154
59$1,103,966$611,138$503,121$967,891
60$1,164,901$589,413$468,306$996,203
61$1,230,423$564,997$430,696$1,026,259
62$1,300,949$537,705$390,148$1,058,249
63$1,376,938$507,344$346,509$1,092,384
64$1,458,891$473,709$299,623$1,128,901
65$1,547,360$436,584$249,323$1,168,061
66$1,642,953$395,738$195,437$1,210,157
67$1,746,336$350,931$137,786$1,255,516
68$1,858,241$301,906$76,181$1,304,498
69$1,979,475$248,393$10,426$1,357,509
70$2,110,924$190,106$0$1,414,995
71$2,253,560$126,743$0$1,483,194
72$2,408,456$57,987$0$1,558,362
73$2,576,790$0$0$1,640,135
74$2,759,858$0$0$1,735,209
75$2,959,087$0$0$1,861,641
76$3,176,045$0$0$1,999,377
77$3,412,459$0$0$2,149,519
78$3,670,231$0$0$2,313,281
79$3,951,450$0$0$2,491,999
80$4,258,420$0$0$2,687,143
81$4,593,674$0$0$2,900,332
82$4,960,002$0$0$3,133,348
83$5,360,476$0$0$3,388,153
84$5,798,477$0$0$3,666,906
85$6,277,727$0$0$3,971,988
86$6,802,327$0$0$4,306,016
87$7,376,790$0$0$4,671,874
88$8,006,089$0$0$5,072,740
89$8,695,697$0$0$5,512,110
90$9,451,644$0$0$5,993,838
91$10,280,571$0$0$6,522,166
92$11,189,792$0$0$7,101,767
93$12,187,362$0$0$7,737,790
94$13,282,155$0$0$8,435,903
95$14,483,945$0$0$9,202,353
96$15,803,498$0$0$10,044,020
97$17,252,675$0$0$10,968,482
98$18,844,540$0$0$11,984,089
99$20,593,487$0$0$13,100,037
100$22,515,370$0$0$14,326,459