Can I retire at age 51 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$55,658$55,163$54,679$54,207$53,746$53,273
2 years$27,554$27,040$26,543$26,061$25,593$25,117
3 years$18,187$17,671$17,175$16,697$16,237$15,772
4 years$13,504$12,990$12,499$12,030$11,581$11,130
5 years$10,695$10,184$9,700$9,240$8,803$8,369
6 years$8,823$8,316$7,839$7,389$6,966$6,548
7 years$7,487$6,984$6,514$6,075$5,665$5,264
8 years$6,485$5,987$5,525$5,096$4,700$4,315
9 years$5,706$5,212$4,758$4,341$3,958$3,590
10 years$5,083$4,595$4,148$3,742$3,372$3,021
11 years$4,574$4,090$3,652$3,257$2,900$2,565
12 years$4,150$3,671$3,241$2,856$2,513$2,194
13 years$3,791$3,318$2,896$2,522$2,192$1,888
14 years$3,484$3,016$2,602$2,239$1,921$1,633
15 years$3,218$2,755$2,349$1,996$1,692$1,418
16 years$2,986$2,528$2,130$1,788$1,495$1,235
17 years$2,781$2,328$1,938$1,606$1,326$1,080
18 years$2,599$2,151$1,769$1,447$1,179$946
19 years$2,437$1,993$1,620$1,308$1,051$831
20 years$2,291$1,852$1,486$1,185$938$731
21 years$2,159$1,725$1,367$1,075$840$644
22 years$2,039$1,611$1,260$977$753$568
23 years$1,930$1,506$1,163$890$676$502
24 years$1,830$1,411$1,076$812$607$444
25 years$1,738$1,325$997$741$546$393
26 years$1,653$1,245$924$678$492$349
27 years$1,575$1,172$858$621$444$309
28 years$1,502$1,104$798$569$400$274
29 years$1,435$1,041$743$521$362$244
30 years$1,372$984$692$479$327$217
31 years$1,313$930$645$439$295$192
32 years$1,258$880$602$404$267$171
33 years$1,207$833$562$371$242$152
34 years$1,159$790$525$342$219$135
35 years$1,113$749$491$315$198$121
36 years$1,070$711$459$290$180$107
37 years$1,030$675$430$267$163$96
38 years$992$642$402$246$148$85
39 years$956$610$377$227$134$76
40 years$921$581$353$209$121$68
41 years$889$553$331$193$110$60
42 years$858$526$311$178$100$54
43 years$829$501$292$164$91$48
44 years$801$478$274$152$82$43
45 years$774$456$257$140$75$38
46 years$749$435$241$130$68$34
47 years$725$415$227$120$62$30
48 years$701$396$213$111$56$27
49 years$679$378$200$102$51$24
50 years$658$361$188$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $674,000, adding $3,946 every year, while hoping to spend $47,343 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: 38/32/30 Blend
50$674,000$674,000$674,000$674,000
51$746,818$711,096$700,649$768,412
52$772,621$695,567$673,748$769,175
53$799,469$677,691$644,360$765,408
54$827,419$657,302$612,350$760,448
55$856,531$634,225$577,579$754,222
56$886,872$608,276$539,902$746,647
57$918,511$579,260$499,167$737,642
58$951,524$546,969$455,214$727,119
59$985,993$511,184$407,877$714,987
60$1,022,007$471,674$356,984$701,153
61$1,059,660$428,195$302,351$685,518
62$1,099,056$380,488$243,791$667,980
63$1,140,308$328,279$181,106$648,433
64$1,183,535$271,280$114,088$626,766
65$1,228,868$209,186$42,523$602,867
66$1,276,452$141,675$0$576,615
67$1,326,439$68,406$0$558,726
68$1,378,998$0$0$553,467
69$1,434,313$0$0$551,028
70$1,492,581$0$0$573,865
71$1,554,019$0$0$597,981
72$1,618,863$0$0$623,473
73$1,687,372$0$0$650,447
74$1,759,824$0$0$679,018
75$1,836,528$0$0$709,314
76$1,917,817$0$0$741,472
77$2,004,058$0$0$775,645
78$2,095,650$0$0$811,997
79$2,193,030$0$0$850,711
80$2,296,677$0$0$891,983
81$2,407,115$0$0$936,032
82$2,524,917$0$0$983,096
83$2,650,712$0$0$1,033,435
84$2,785,187$0$0$1,087,336
85$2,929,099$0$0$1,145,112
86$3,083,273$0$0$1,207,108
87$3,248,619$0$0$1,273,701
88$3,426,132$0$0$1,345,306
89$3,616,906$0$0$1,422,377
90$3,822,139$0$0$1,505,415
91$4,043,150$0$0$1,594,969
92$4,281,385$0$0$1,691,640
93$4,538,434$0$0$1,796,093
94$4,816,043$0$0$1,909,056
95$5,116,130$0$0$2,031,328
96$5,440,806$0$0$2,163,789
97$5,792,388$0$0$2,307,407
98$6,173,424$0$0$2,463,246
99$6,586,718$0$0$2,632,476
100$7,035,351$0$0$2,816,384