Can I retire at age 51 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$55,493$54,999$54,517$54,046$53,586$52,185
2 years$27,472$26,960$26,464$25,984$25,517$24,115
3 years$18,133$17,619$17,124$16,648$16,189$14,830
4 years$13,464$12,952$12,462$11,994$11,546$10,240
5 years$10,663$10,154$9,671$9,212$8,777$7,528
6 years$8,797$8,292$7,816$7,367$6,945$5,755
7 years$7,464$6,963$6,495$6,057$5,648$4,516
8 years$6,465$5,969$5,508$5,081$4,686$3,611
9 years$5,689$5,197$4,744$4,328$3,946$2,928
10 years$5,068$4,581$4,136$3,731$3,362$2,400
11 years$4,560$4,078$3,641$3,247$2,892$1,984
12 years$4,138$3,660$3,232$2,848$2,506$1,650
13 years$3,780$3,308$2,887$2,514$2,185$1,380
14 years$3,474$3,007$2,594$2,232$1,916$1,159
15 years$3,209$2,747$2,342$1,990$1,687$977
16 years$2,977$2,520$2,124$1,782$1,491$826
17 years$2,773$2,321$1,932$1,601$1,322$700
18 years$2,592$2,145$1,764$1,443$1,175$595
19 years$2,430$1,988$1,615$1,304$1,047$506
20 years$2,284$1,847$1,482$1,181$936$431
21 years$2,152$1,720$1,363$1,072$837$368
22 years$2,033$1,606$1,256$975$750$314
23 years$1,924$1,502$1,160$888$674$268
24 years$1,824$1,407$1,073$809$606$230
25 years$1,733$1,321$994$739$545$197
26 years$1,648$1,241$922$676$491$168
27 years$1,570$1,168$856$619$442$144
28 years$1,498$1,101$796$567$399$124
29 years$1,431$1,038$740$520$361$106
30 years$1,368$981$690$477$326$91
31 years$1,309$927$643$438$295$78
32 years$1,255$877$600$403$266$67
33 years$1,203$831$560$370$241$57
34 years$1,155$787$523$341$218$49
35 years$1,110$747$489$314$198$42
36 years$1,067$709$458$289$179$36
37 years$1,027$673$428$266$162$31
38 years$989$640$401$245$147$27
39 years$953$608$376$226$133$23
40 years$919$579$352$209$121$20
41 years$886$551$330$192$110$17
42 years$856$525$310$178$100$15
43 years$826$500$291$164$90$13
44 years$798$477$273$151$82$11
45 years$772$454$256$140$75$9
46 years$747$434$241$129$68$8
47 years$722$414$226$119$61$7
48 years$699$395$212$110$56$6
49 years$677$377$200$102$51$5
50 years$656$360$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $672,000, adding $4,853 every year, while hoping to spend $51,287 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: 73/10/17 Blend
50$672,000$672,000$672,000$672,000
51$745,550$709,934$699,518$796,713
52$767,027$690,152$668,383$811,512
53$788,976$667,681$634,486$821,003
54$811,390$642,337$597,680$830,060
55$834,262$613,921$557,812$838,630
56$857,581$582,227$514,723$846,654
57$881,332$547,034$468,244$854,068
58$905,498$508,109$418,200$860,804
59$930,058$465,206$364,410$866,787
60$954,989$418,065$306,682$871,936
61$980,259$366,412$244,817$876,164
62$1,005,834$309,955$178,607$879,377
63$1,031,674$248,387$107,835$881,471
64$1,057,732$181,385$32,275$882,335
65$1,083,953$108,606$0$881,848
66$1,110,277$29,689$0$888,653
67$1,136,633$0$0$900,651
68$1,162,939$0$0$918,012
69$1,189,106$0$0$938,510
70$1,215,029$0$0$958,794
71$1,240,592$0$0$978,771
72$1,265,664$0$0$998,335
73$1,290,097$0$0$1,017,366
74$1,313,726$0$0$1,035,729
75$1,336,363$0$0$1,053,275
76$1,357,802$0$0$1,069,836
77$1,377,810$0$0$1,085,223
78$1,396,125$0$0$1,099,228
79$1,412,459$0$0$1,111,615
80$1,426,488$0$0$1,122,124
81$1,437,851$0$0$1,130,464
82$1,446,148$0$0$1,136,312
83$1,450,932$0$0$1,139,309
84$1,451,709$0$0$1,139,055
85$1,447,928$0$0$1,135,107
86$1,438,978$0$0$1,126,971
87$1,424,181$0$0$1,114,103
88$1,402,785$0$0$1,095,895
89$1,373,956$0$0$1,071,677
90$1,336,772$0$0$1,040,705
91$1,290,209$0$0$1,002,155
92$1,233,135$0$0$955,115
93$1,164,297$0$0$898,574
94$1,082,306$0$0$831,417
95$985,628$0$0$752,408
96$872,567$0$0$660,179
97$741,245$0$0$553,220
98$589,588$0$0$429,861
99$415,304$0$0$288,256
100$215,858$0$0$126,366