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%16.1%
1 years$55,493$54,999$54,517$54,046$53,586$52,248
2 years$27,472$26,960$26,464$25,984$25,517$24,178
3 years$18,133$17,619$17,124$16,648$16,189$14,890
4 years$13,464$12,952$12,462$11,994$11,546$10,298
5 years$10,663$10,154$9,671$9,212$8,777$7,582
6 years$8,797$8,292$7,816$7,367$6,945$5,805
7 years$7,464$6,963$6,495$6,057$5,648$4,564
8 years$6,465$5,969$5,508$5,081$4,686$3,656
9 years$5,689$5,197$4,744$4,328$3,946$2,970
10 years$5,068$4,581$4,136$3,731$3,362$2,439
11 years$4,560$4,078$3,641$3,247$2,892$2,019
12 years$4,138$3,660$3,232$2,848$2,506$1,683
13 years$3,780$3,308$2,887$2,514$2,185$1,411
14 years$3,474$3,007$2,594$2,232$1,916$1,187
15 years$3,209$2,747$2,342$1,990$1,687$1,003
16 years$2,977$2,520$2,124$1,782$1,491$850
17 years$2,773$2,321$1,932$1,601$1,322$722
18 years$2,592$2,145$1,764$1,443$1,175$615
19 years$2,430$1,988$1,615$1,304$1,047$524
20 years$2,284$1,847$1,482$1,181$936$447
21 years$2,152$1,720$1,363$1,072$837$383
22 years$2,033$1,606$1,256$975$750$327
23 years$1,924$1,502$1,160$888$674$281
24 years$1,824$1,407$1,073$809$606$241
25 years$1,733$1,321$994$739$545$206
26 years$1,648$1,241$922$676$491$177
27 years$1,570$1,168$856$619$442$152
28 years$1,498$1,101$796$567$399$131
29 years$1,431$1,038$740$520$361$112
30 years$1,368$981$690$477$326$97
31 years$1,309$927$643$438$295$83
32 years$1,255$877$600$403$266$71
33 years$1,203$831$560$370$241$61
34 years$1,155$787$523$341$218$53
35 years$1,110$747$489$314$198$46
36 years$1,067$709$458$289$179$39
37 years$1,027$673$428$266$162$34
38 years$989$640$401$245$147$29
39 years$953$608$376$226$133$25
40 years$919$579$352$209$121$22
41 years$886$551$330$192$110$19
42 years$856$525$310$178$100$16
43 years$826$500$291$164$90$14
44 years$798$477$273$151$82$12
45 years$772$454$256$140$75$10
46 years$747$434$241$129$68$9
47 years$722$414$226$119$61$8
48 years$699$395$212$110$56$7
49 years$677$377$200$102$51$6
50 years$656$360$188$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $672,000, adding $4,783 every year, while hoping to spend $23,235 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: 66/27/7 Blend
50$672,000$672,000$672,000$672,000
51$745,478$709,862$699,446$793,447
52$796,795$719,923$698,155$835,986
53$852,567$729,699$696,043$879,231
54$913,225$739,150$693,056$925,876
55$979,241$748,236$689,141$976,250
56$1,051,137$756,912$684,240$1,030,715
57$1,129,484$765,132$678,294$1,089,669
58$1,214,914$772,846$671,239$1,153,553
59$1,308,119$779,999$663,009$1,222,852
60$1,409,863$786,535$653,536$1,298,099
61$1,520,987$792,394$642,748$1,379,883
62$1,642,417$797,510$630,569$1,468,855
63$1,775,171$801,815$616,920$1,565,729
64$1,920,370$805,236$601,718$1,671,295
65$2,079,249$807,694$584,878$1,786,423
66$2,253,169$809,107$566,307$1,912,071
67$2,443,626$809,388$545,913$2,049,298
68$2,652,270$808,442$523,595$2,199,270
69$2,880,917$806,171$499,250$2,363,270
70$3,131,566$802,469$472,771$2,542,718
71$3,406,420$797,224$444,044$2,739,174
72$3,707,906$790,319$412,950$2,954,362
73$4,038,695$781,628$379,367$3,190,180
74$4,401,732$771,017$343,165$3,448,723
75$4,800,257$758,345$304,209$3,732,299
76$5,237,842$743,463$262,360$4,043,453
77$5,718,422$726,213$217,469$4,384,991
78$6,246,330$706,427$169,383$4,760,006
79$6,826,341$683,927$117,942$5,171,910
80$7,463,714$658,525$62,979$5,624,462
81$8,164,243$630,023$4,319$6,121,808
82$8,934,311$598,210$0$6,668,518
83$9,780,952$562,863$0$7,273,984
84$10,711,914$523,748$0$7,940,034
85$11,735,732$480,615$0$8,672,483
86$12,861,814$433,202$0$9,478,099
87$14,100,520$381,230$0$10,364,338
88$15,463,268$324,405$0$11,339,422
89$16,962,639$262,418$0$12,412,413
90$18,612,491$194,941$0$13,593,298
91$20,428,099$121,626$0$14,893,087
92$22,426,287$42,108$0$16,323,915
93$24,625,599$0$0$17,899,159
94$27,046,463$0$0$19,646,634
95$29,711,390$0$0$21,584,108
96$32,645,185$0$0$23,717,110
97$35,875,179$0$0$26,065,517
98$39,431,488$0$0$28,651,235
99$43,347,297$0$0$31,498,397
100$47,659,173$0$0$34,633,598