Can I retire at age 51 with 674,000?

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 $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%14.9%
1 years$55,658$55,163$54,679$54,207$53,746$52,661
2 years$27,554$27,040$26,543$26,061$25,593$24,505
3 years$18,187$17,671$17,175$16,697$16,237$15,179
4 years$13,504$12,990$12,499$12,030$11,581$10,561
5 years$10,695$10,184$9,700$9,240$8,803$7,826
6 years$8,823$8,316$7,839$7,389$6,966$6,031
7 years$7,487$6,984$6,514$6,075$5,665$4,773
8 years$6,485$5,987$5,525$5,096$4,700$3,850
9 years$5,706$5,212$4,758$4,341$3,958$3,151
10 years$5,083$4,595$4,148$3,742$3,372$2,606
11 years$4,574$4,090$3,652$3,257$2,900$2,175
12 years$4,150$3,671$3,241$2,856$2,513$1,827
13 years$3,791$3,318$2,896$2,522$2,192$1,543
14 years$3,484$3,016$2,602$2,239$1,921$1,310
15 years$3,218$2,755$2,349$1,996$1,692$1,116
16 years$2,986$2,528$2,130$1,788$1,495$954
17 years$2,781$2,328$1,938$1,606$1,326$817
18 years$2,599$2,151$1,769$1,447$1,179$702
19 years$2,437$1,993$1,620$1,308$1,051$604
20 years$2,291$1,852$1,486$1,185$938$520
21 years$2,159$1,725$1,367$1,075$840$449
22 years$2,039$1,611$1,260$977$753$388
23 years$1,930$1,506$1,163$890$676$335
24 years$1,830$1,411$1,076$812$607$290
25 years$1,738$1,325$997$741$546$251
26 years$1,653$1,245$924$678$492$218
27 years$1,575$1,172$858$621$444$189
28 years$1,502$1,104$798$569$400$164
29 years$1,435$1,041$743$521$362$142
30 years$1,372$984$692$479$327$124
31 years$1,313$930$645$439$295$107
32 years$1,258$880$602$404$267$93
33 years$1,207$833$562$371$242$81
34 years$1,159$790$525$342$219$70
35 years$1,113$749$491$315$198$61
36 years$1,070$711$459$290$180$53
37 years$1,030$675$430$267$163$46
38 years$992$642$402$246$148$40
39 years$956$610$377$227$134$35
40 years$921$581$353$209$121$30
41 years$889$553$331$193$110$26
42 years$858$526$311$178$100$23
43 years$829$501$292$164$91$20
44 years$801$478$274$152$82$17
45 years$774$456$257$140$75$15
46 years$749$435$241$130$68$13
47 years$725$415$227$120$62$11
48 years$701$396$213$111$56$10
49 years$679$378$200$102$51$9
50 years$658$361$188$94$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $674,000, adding $6,733 every year, while hoping to spend $53,482 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: 50/32/18 Blend
50$674,000$674,000$674,000$674,000
51$749,693$713,971$703,524$783,118
52$769,257$692,051$670,188$784,981
53$789,025$667,265$633,942$780,940
54$808,959$639,415$594,633$775,397
55$829,020$608,293$552,100$768,230
56$849,160$573,679$506,175$759,308
57$869,325$535,340$456,683$748,489
58$889,453$493,029$403,439$735,624
59$909,475$446,485$346,252$720,551
60$929,313$395,434$284,923$703,098
61$948,876$339,584$219,241$683,078
62$968,066$278,628$148,990$660,293
63$986,769$212,241$73,941$634,529
64$1,004,858$140,079$0$605,559
65$1,022,191$61,781$0$574,315
66$1,038,610$0$0$554,587
67$1,053,936$0$0$540,034
68$1,067,972$0$0$546,486
69$1,080,495$0$0$552,064
70$1,091,258$0$0$556,631
71$1,099,987$0$0$560,034
72$1,106,374$0$0$562,103
73$1,110,080$0$0$562,649
74$1,110,727$0$0$561,461
75$1,107,892$0$0$558,307
76$1,101,111$0$0$552,928
77$1,089,864$0$0$545,037
78$1,073,579$0$0$534,316
79$1,051,617$0$0$520,413
80$1,023,274$0$0$502,936
81$987,769$0$0$481,455
82$944,236$0$0$455,490
83$891,717$0$0$424,511
84$829,154$0$0$387,934
85$755,373$0$0$345,109
86$669,078$0$0$295,321
87$568,836$0$0$237,777
88$453,062$0$0$171,603
89$320,004$0$0$95,830
90$167,727$0$0$9,390
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0