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%18.1%
1 years$55,658$55,163$54,679$54,207$53,746$51,984
2 years$27,554$27,040$26,543$26,061$25,593$23,835
3 years$18,187$17,671$17,175$16,697$16,237$14,538
4 years$13,504$12,990$12,499$12,030$11,581$9,953
5 years$10,695$10,184$9,700$9,240$8,803$7,252
6 years$8,823$8,316$7,839$7,389$6,966$5,492
7 years$7,487$6,984$6,514$6,075$5,665$4,268
8 years$6,485$5,987$5,525$5,096$4,700$3,379
9 years$5,706$5,212$4,758$4,341$3,958$2,712
10 years$5,083$4,595$4,148$3,742$3,372$2,199
11 years$4,574$4,090$3,652$3,257$2,900$1,798
12 years$4,150$3,671$3,241$2,856$2,513$1,479
13 years$3,791$3,318$2,896$2,522$2,192$1,223
14 years$3,484$3,016$2,602$2,239$1,921$1,015
15 years$3,218$2,755$2,349$1,996$1,692$846
16 years$2,986$2,528$2,130$1,788$1,495$706
17 years$2,781$2,328$1,938$1,606$1,326$591
18 years$2,599$2,151$1,769$1,447$1,179$496
19 years$2,437$1,993$1,620$1,308$1,051$416
20 years$2,291$1,852$1,486$1,185$938$350
21 years$2,159$1,725$1,367$1,075$840$295
22 years$2,039$1,611$1,260$977$753$249
23 years$1,930$1,506$1,163$890$676$210
24 years$1,830$1,411$1,076$812$607$177
25 years$1,738$1,325$997$741$546$149
26 years$1,653$1,245$924$678$492$126
27 years$1,575$1,172$858$621$444$107
28 years$1,502$1,104$798$569$400$90
29 years$1,435$1,041$743$521$362$76
30 years$1,372$984$692$479$327$64
31 years$1,313$930$645$439$295$54
32 years$1,258$880$602$404$267$46
33 years$1,207$833$562$371$242$39
34 years$1,159$790$525$342$219$33
35 years$1,113$749$491$315$198$28
36 years$1,070$711$459$290$180$24
37 years$1,030$675$430$267$163$20
38 years$992$642$402$246$148$17
39 years$956$610$377$227$134$14
40 years$921$581$353$209$121$12
41 years$889$553$331$193$110$10
42 years$858$526$311$178$100$9
43 years$829$501$292$164$91$7
44 years$801$478$274$152$82$6
45 years$774$456$257$140$75$5
46 years$749$435$241$130$68$4
47 years$725$415$227$120$62$4
48 years$701$396$213$111$56$3
49 years$679$378$200$102$51$3
50 years$658$361$188$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $674,000, adding $3,315 every year, while hoping to spend $44,584 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: 69/8/23 Blend
50$674,000$674,000$674,000$674,000
51$746,167$710,445$699,998$793,104
52$774,839$697,820$676,011$812,315
53$804,942$683,082$649,726$827,842
54$836,573$666,081$621,020$843,770
55$869,841$646,656$589,761$860,136
56$904,862$624,640$555,816$876,983
57$941,764$599,853$519,041$894,360
58$980,685$572,107$479,290$912,320
59$1,021,776$541,201$436,408$930,925
60$1,065,202$506,924$390,232$950,245
61$1,111,142$469,053$340,594$970,357
62$1,159,793$427,351$287,318$991,348
63$1,211,368$381,567$230,220$1,013,317
64$1,266,102$331,439$169,107$1,036,375
65$1,324,251$276,686$103,778$1,060,644
66$1,386,095$217,014$34,025$1,086,264
67$1,451,940$152,111$0$1,113,390
68$1,522,123$81,649$0$1,152,112
69$1,597,009$5,280$0$1,202,263
70$1,677,002$0$0$1,255,759
71$1,762,543$0$0$1,319,712
72$1,854,116$0$0$1,388,697
73$1,952,250$0$0$1,462,650
74$2,057,529$0$0$1,542,015
75$2,170,589$0$0$1,627,275
76$2,292,132$0$0$1,718,963
77$2,422,927$0$0$1,817,663
78$2,563,818$0$0$1,924,017
79$2,715,733$0$0$2,038,728
80$2,879,692$0$0$2,162,572
81$3,056,813$0$0$2,296,398
82$3,248,328$0$0$2,441,142
83$3,455,588$0$0$2,597,831
84$3,680,081$0$0$2,767,594
85$3,923,441$0$0$2,951,674
86$4,187,465$0$0$3,151,436
87$4,474,130$0$0$3,368,383
88$4,785,611$0$0$3,604,167
89$5,124,299$0$0$3,860,605
90$5,492,826$0$0$4,139,697
91$5,894,087$0$0$4,443,644
92$6,331,268$0$0$4,774,868
93$6,807,874$0$0$5,136,032
94$7,327,765$0$0$5,530,070
95$7,895,188$0$0$5,960,209
96$8,514,818$0$0$6,430,005
97$9,191,801$0$0$6,943,368
98$9,931,804$0$0$7,504,605
99$10,741,063$0$0$8,118,458
100$11,626,447$0$0$8,790,149