Can I retire at age 51 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$55,576$55,081$54,598$54,126$53,666$53,373
2 years$27,513$27,000$26,504$26,022$25,555$25,259
3 years$18,160$17,645$17,150$16,673$16,213$15,924
4 years$13,484$12,971$12,481$12,012$11,563$11,283
5 years$10,679$10,169$9,685$9,226$8,790$8,519
6 years$8,810$8,304$7,827$7,378$6,956$6,694
7 years$7,476$6,974$6,504$6,066$5,657$5,405
8 years$6,475$5,978$5,516$5,089$4,693$4,452
9 years$5,697$5,205$4,751$4,334$3,952$3,721
10 years$5,076$4,588$4,142$3,736$3,367$3,146
11 years$4,567$4,084$3,647$3,252$2,896$2,684
12 years$4,144$3,666$3,236$2,852$2,510$2,308
13 years$3,786$3,313$2,891$2,518$2,188$1,996
14 years$3,479$3,011$2,598$2,235$1,918$1,735
15 years$3,214$2,751$2,346$1,993$1,689$1,514
16 years$2,982$2,524$2,127$1,785$1,493$1,327
17 years$2,777$2,324$1,935$1,604$1,324$1,166
18 years$2,596$2,148$1,767$1,445$1,177$1,028
19 years$2,433$1,991$1,617$1,306$1,049$908
20 years$2,287$1,850$1,484$1,183$937$803
21 years$2,155$1,723$1,365$1,073$838$712
22 years$2,036$1,608$1,258$976$752$632
23 years$1,927$1,504$1,162$889$675$562
24 years$1,827$1,409$1,074$811$606$500
25 years$1,735$1,323$995$740$546$446
26 years$1,651$1,243$923$677$492$397
27 years$1,572$1,170$857$620$443$355
28 years$1,500$1,102$797$568$400$317
29 years$1,433$1,040$741$521$361$283
30 years$1,370$982$691$478$326$253
31 years$1,311$928$644$439$295$226
32 years$1,257$878$601$403$267$203
33 years$1,205$832$561$371$241$182
34 years$1,157$788$524$341$219$163
35 years$1,112$748$490$314$198$146
36 years$1,069$710$458$289$179$131
37 years$1,029$674$429$267$163$117
38 years$990$641$402$246$147$105
39 years$954$609$376$227$134$94
40 years$920$580$353$209$121$84
41 years$888$552$331$193$110$76
42 years$857$525$310$178$100$68
43 years$828$501$291$164$91$61
44 years$800$477$273$152$82$55
45 years$773$455$257$140$75$49
46 years$748$434$241$129$68$44
47 years$723$414$226$120$62$40
48 years$700$396$213$110$56$36
49 years$678$378$200$102$51$32
50 years$657$361$188$94$46$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $673,000, adding $5,807 every year, while hoping to spend $43,397 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: 59/28/13 Blend
50$673,000$673,000$673,000$673,000
51$747,636$711,967$701,535$789,003
52$777,721$700,679$678,863$806,284
53$809,420$687,384$653,976$819,759
54$842,852$671,937$626,755$833,419
55$878,146$654,185$597,075$847,286
56$915,444$633,968$564,805$861,387
57$954,900$611,113$529,806$875,755
58$996,682$585,440$491,937$890,425
59$1,040,974$556,756$451,047$905,441
60$1,087,977$524,861$406,980$920,853
61$1,137,909$489,538$359,573$936,720
62$1,191,012$450,561$308,655$953,108
63$1,247,549$407,692$254,048$970,093
64$1,307,806$360,676$195,566$987,765
65$1,372,099$309,246$133,014$1,006,221
66$1,440,773$253,119$66,190$1,025,579
67$1,514,206$191,996$0$1,045,966
68$1,592,814$125,563$0$1,068,241
69$1,677,051$53,485$0$1,101,706
70$1,767,415$0$0$1,137,389
71$1,864,455$0$0$1,183,114
72$1,968,771$0$0$1,250,021
73$2,081,023$0$0$1,322,058
74$2,201,934$0$0$1,399,697
75$2,332,301$0$0$1,483,452
76$2,472,998$0$0$1,573,892
77$2,624,983$0$0$1,671,638
78$2,789,313$0$0$1,777,378
79$2,967,146$0$0$1,891,862
80$3,159,759$0$0$2,015,919
81$3,368,552$0$0$2,150,459
82$3,595,066$0$0$2,296,484
83$3,840,997$0$0$2,455,093
84$4,108,208$0$0$2,627,498
85$4,398,752$0$0$2,815,031
86$4,714,883$0$0$3,019,157
87$5,059,084$0$0$3,241,489
88$5,434,088$0$0$3,483,802
89$5,842,899$0$0$3,748,050
90$6,288,827$0$0$4,036,380
91$6,775,514$0$0$4,351,160
92$7,306,967$0$0$4,694,995
93$7,887,599$0$0$5,070,751
94$8,522,268$0$0$5,481,586
95$9,216,323$0$0$5,930,975
96$9,975,652$0$0$6,422,744
97$10,806,739$0$0$6,961,109
98$11,716,725$0$0$7,550,709
99$12,713,472$0$0$8,196,655
100$13,805,639$0$0$8,904,574