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%12.3%
1 years$55,576$55,081$54,598$54,126$53,666$53,150
2 years$27,513$27,000$26,504$26,022$25,555$25,035
3 years$18,160$17,645$17,150$16,673$16,213$15,706
4 years$13,484$12,971$12,481$12,012$11,563$11,072
5 years$10,679$10,169$9,685$9,226$8,790$8,317
6 years$8,810$8,304$7,827$7,378$6,956$6,500
7 years$7,476$6,974$6,504$6,066$5,657$5,220
8 years$6,475$5,978$5,516$5,089$4,693$4,274
9 years$5,697$5,205$4,751$4,334$3,952$3,552
10 years$5,076$4,588$4,142$3,736$3,367$2,985
11 years$4,567$4,084$3,647$3,252$2,896$2,532
12 years$4,144$3,666$3,236$2,852$2,510$2,163
13 years$3,786$3,313$2,891$2,518$2,188$1,858
14 years$3,479$3,011$2,598$2,235$1,918$1,605
15 years$3,214$2,751$2,346$1,993$1,689$1,392
16 years$2,982$2,524$2,127$1,785$1,493$1,211
17 years$2,777$2,324$1,935$1,604$1,324$1,057
18 years$2,596$2,148$1,767$1,445$1,177$925
19 years$2,433$1,991$1,617$1,306$1,049$811
20 years$2,287$1,850$1,484$1,183$937$712
21 years$2,155$1,723$1,365$1,073$838$627
22 years$2,036$1,608$1,258$976$752$552
23 years$1,927$1,504$1,162$889$675$487
24 years$1,827$1,409$1,074$811$606$431
25 years$1,735$1,323$995$740$546$381
26 years$1,651$1,243$923$677$492$337
27 years$1,572$1,170$857$620$443$298
28 years$1,500$1,102$797$568$400$264
29 years$1,433$1,040$741$521$361$234
30 years$1,370$982$691$478$326$208
31 years$1,311$928$644$439$295$184
32 years$1,257$878$601$403$267$164
33 years$1,205$832$561$371$241$145
34 years$1,157$788$524$341$219$129
35 years$1,112$748$490$314$198$115
36 years$1,069$710$458$289$179$102
37 years$1,029$674$429$267$163$91
38 years$990$641$402$246$147$81
39 years$954$609$376$227$134$72
40 years$920$580$353$209$121$64
41 years$888$552$331$193$110$57
42 years$857$525$310$178$100$50
43 years$828$501$291$164$91$45
44 years$800$477$273$152$82$40
45 years$773$455$257$140$75$36
46 years$748$434$241$129$68$32
47 years$723$414$226$120$62$28
48 years$700$396$213$110$56$25
49 years$678$378$200$102$51$22
50 years$657$361$188$94$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $673,000, adding $3,106 every year, while hoping to spend $23,441 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: 52/27/21 Blend
50$673,000$673,000$673,000$673,000
51$744,850$709,181$698,749$779,108
52$795,883$718,990$697,216$812,861
53$851,337$728,493$694,846$846,873
54$911,636$737,653$691,587$883,373
55$977,250$746,425$687,382$922,606
56$1,048,694$754,764$682,174$964,841
57$1,126,537$762,623$675,902$1,010,378
58$1,211,401$769,949$668,503$1,059,545
59$1,303,976$776,688$659,909$1,112,707
60$1,405,017$782,782$650,052$1,170,265
61$1,515,357$788,167$638,857$1,232,664
62$1,635,913$792,777$626,249$1,300,393
63$1,767,695$796,541$612,147$1,373,993
64$1,911,814$799,386$596,467$1,454,063
65$2,069,492$801,229$579,122$1,541,260
66$2,242,079$801,987$560,021$1,636,314
67$2,431,056$801,570$539,067$1,740,028
68$2,638,058$799,881$516,160$1,853,290
69$2,864,883$796,819$491,195$1,977,080
70$3,113,514$792,275$464,062$2,112,477
71$3,386,132$786,137$434,648$2,260,676
72$3,685,141$778,281$402,832$2,422,994
73$4,013,187$768,579$368,490$2,600,883
74$4,373,188$756,895$331,490$2,795,949
75$4,768,355$743,084$291,696$3,009,961
76$5,202,225$726,993$248,966$3,244,872
77$5,678,696$708,460$203,150$3,502,838
78$6,202,061$687,313$154,094$3,786,235
79$6,777,050$663,370$101,635$4,097,689
80$7,408,873$636,438$45,603$4,440,093
81$8,103,269$606,315$0$4,816,641
82$8,866,562$572,784$0$5,234,035
83$9,705,720$535,619$0$5,704,093
84$10,628,416$494,577$0$6,220,916
85$11,643,108$449,405$0$6,789,276
86$12,759,113$399,833$0$7,414,437
87$13,986,694$345,577$0$8,102,199
88$15,337,163$286,337$0$8,858,959
89$16,822,980$221,794$0$9,691,766
90$18,457,876$151,613$0$10,608,393
91$20,256,977$75,440$0$11,617,409
92$22,236,954$0$0$12,728,259
93$24,416,172$0$0$13,953,464
94$26,814,868$0$0$15,326,817
95$29,455,341$0$0$16,838,679
96$32,362,160$0$0$18,503,130
97$35,562,401$0$0$20,335,683
98$39,085,893$0$0$22,353,431
99$42,965,510$0$0$24,575,210
100$47,237,473$0$0$27,021,774