Can I retire at age 51 with 671,000?

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 $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%14.6%
1 years$55,411$54,917$54,435$53,965$53,506$52,491
2 years$27,431$26,920$26,425$25,945$25,479$24,460
3 years$18,106$17,593$17,099$16,623$16,165$15,174
4 years$13,444$12,932$12,443$11,976$11,529$10,573
5 years$10,648$10,139$9,657$9,199$8,764$7,847
6 years$8,784$8,279$7,804$7,356$6,935$6,057
7 years$7,453$6,953$6,485$6,048$5,640$4,802
8 years$6,456$5,960$5,500$5,074$4,679$3,880
9 years$5,680$5,189$4,737$4,322$3,940$3,181
10 years$5,060$4,574$4,130$3,725$3,357$2,636
11 years$4,554$4,072$3,636$3,242$2,887$2,204
12 years$4,131$3,655$3,227$2,844$2,502$1,855
13 years$3,774$3,303$2,883$2,511$2,182$1,570
14 years$3,469$3,002$2,590$2,229$1,913$1,335
15 years$3,204$2,743$2,339$1,988$1,684$1,140
16 years$2,973$2,516$2,120$1,780$1,488$976
17 years$2,769$2,317$1,929$1,599$1,320$838
18 years$2,588$2,141$1,761$1,441$1,173$721
19 years$2,426$1,985$1,612$1,302$1,046$622
20 years$2,281$1,844$1,480$1,179$934$537
21 years$2,149$1,718$1,361$1,070$836$465
22 years$2,030$1,604$1,254$973$749$402
23 years$1,921$1,500$1,158$886$673$349
24 years$1,821$1,405$1,071$808$605$303
25 years$1,730$1,319$992$738$544$263
26 years$1,646$1,239$920$675$490$228
27 years$1,568$1,166$854$618$442$198
28 years$1,496$1,099$794$566$399$173
29 years$1,428$1,037$739$519$360$150
30 years$1,366$979$689$476$325$131
31 years$1,307$926$642$438$294$114
32 years$1,253$876$599$402$266$99
33 years$1,202$829$559$370$241$86
34 years$1,154$786$522$340$218$75
35 years$1,108$746$488$313$197$66
36 years$1,066$708$457$288$179$57
37 years$1,025$672$428$266$162$50
38 years$987$639$401$245$147$43
39 years$951$607$375$226$133$38
40 years$917$578$352$208$121$33
41 years$885$550$330$192$110$29
42 years$854$524$309$177$100$25
43 years$825$499$290$164$90$22
44 years$797$476$273$151$82$19
45 years$771$454$256$140$74$17
46 years$745$433$240$129$68$15
47 years$721$413$226$119$61$13
48 years$698$394$212$110$56$11
49 years$676$377$199$102$51$10
50 years$655$360$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 $671,000, adding $2,133 every year, while hoping to spend $27,254 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: 84/11/5 Blend
50$671,000$671,000$671,000$671,000
51$741,642$706,079$695,679$803,743
52$788,292$711,679$689,986$850,171
53$838,786$716,640$683,189$897,218
54$893,488$720,901$675,222$948,023
55$952,799$724,400$666,016$1,002,943
56$1,017,156$727,068$655,500$1,062,375
57$1,087,044$728,832$643,597$1,126,753
58$1,162,993$729,616$630,229$1,196,557
59$1,245,590$729,338$615,312$1,272,313
60$1,335,476$727,911$598,761$1,354,605
61$1,433,360$725,244$580,485$1,444,070
62$1,540,020$721,239$560,389$1,541,415
63$1,656,314$715,792$538,374$1,647,416
64$1,783,186$708,793$514,337$1,762,927
65$1,921,673$700,126$488,169$1,888,893
66$2,072,918$689,667$459,758$2,026,350
67$2,238,181$677,286$428,985$2,176,442
68$2,418,846$662,843$395,727$2,340,429
69$2,616,438$646,193$359,854$2,519,701
70$2,832,638$627,179$321,231$2,715,786
71$3,069,293$605,637$279,719$2,930,370
72$3,328,440$581,393$235,169$3,165,311
73$3,612,322$554,262$187,428$3,422,654
74$3,923,408$524,050$136,336$3,704,657
75$4,264,418$490,550$81,725$4,013,802
76$4,638,346$453,545$23,421$4,352,830
77$5,048,492$412,803$0$4,724,759
78$5,498,490$368,082$0$5,134,983
79$5,992,342$319,124$0$5,586,566
80$6,534,456$265,657$0$6,082,307
81$7,129,689$207,392$0$6,626,669
82$7,783,391$144,028$0$7,224,568
83$8,501,453$75,242$0$7,881,422
84$9,290,370$697$0$8,603,203
85$10,157,291$0$0$9,396,488
86$11,110,097$0$0$10,278,208
87$12,157,466$0$0$11,247,542
88$13,308,963$0$0$12,313,259
89$14,575,123$0$0$13,485,110
90$15,967,553$0$0$14,773,841
91$17,499,043$0$0$16,191,290
92$19,183,683$0$0$17,750,500
93$21,036,998$0$0$19,465,842
94$23,076,093$0$0$21,353,150
95$25,319,816$0$0$23,429,869
96$27,788,932$0$0$25,715,223
97$30,506,323$0$0$28,230,392
98$33,497,200$0$0$30,998,712
99$36,789,341$0$0$34,045,899
100$40,413,358$0$0$37,400,287