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%11.7%
1 years$55,658$55,163$54,679$54,207$53,746$53,362
2 years$27,554$27,040$26,543$26,061$25,593$25,207
3 years$18,187$17,671$17,175$16,697$16,237$15,859
4 years$13,504$12,990$12,499$12,030$11,581$11,214
5 years$10,695$10,184$9,700$9,240$8,803$8,450
6 years$8,823$8,316$7,839$7,389$6,966$6,626
7 years$7,487$6,984$6,514$6,075$5,665$5,338
8 years$6,485$5,987$5,525$5,096$4,700$4,386
9 years$5,706$5,212$4,758$4,341$3,958$3,658
10 years$5,083$4,595$4,148$3,742$3,372$3,085
11 years$4,574$4,090$3,652$3,257$2,900$2,626
12 years$4,150$3,671$3,241$2,856$2,513$2,252
13 years$3,791$3,318$2,896$2,522$2,192$1,943
14 years$3,484$3,016$2,602$2,239$1,921$1,684
15 years$3,218$2,755$2,349$1,996$1,692$1,466
16 years$2,986$2,528$2,130$1,788$1,495$1,281
17 years$2,781$2,328$1,938$1,606$1,326$1,123
18 years$2,599$2,151$1,769$1,447$1,179$987
19 years$2,437$1,993$1,620$1,308$1,051$869
20 years$2,291$1,852$1,486$1,185$938$767
21 years$2,159$1,725$1,367$1,075$840$678
22 years$2,039$1,611$1,260$977$753$600
23 years$1,930$1,506$1,163$890$676$532
24 years$1,830$1,411$1,076$812$607$472
25 years$1,738$1,325$997$741$546$419
26 years$1,653$1,245$924$678$492$373
27 years$1,575$1,172$858$621$444$331
28 years$1,502$1,104$798$569$400$295
29 years$1,435$1,041$743$521$362$263
30 years$1,372$984$692$479$327$234
31 years$1,313$930$645$439$295$209
32 years$1,258$880$602$404$267$186
33 years$1,207$833$562$371$242$166
34 years$1,159$790$525$342$219$149
35 years$1,113$749$491$315$198$133
36 years$1,070$711$459$290$180$118
37 years$1,030$675$430$267$163$106
38 years$992$642$402$246$148$95
39 years$956$610$377$227$134$85
40 years$921$581$353$209$121$76
41 years$889$553$331$193$110$68
42 years$858$526$311$178$100$60
43 years$829$501$292$164$91$54
44 years$801$478$274$152$82$48
45 years$774$456$257$140$75$43
46 years$749$435$241$130$68$39
47 years$725$415$227$120$62$35
48 years$701$396$213$111$56$31
49 years$679$378$200$102$51$28
50 years$658$361$188$94$46$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $674,000, adding $3,380 every year, while hoping to spend $33,998 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: 78/16/6 Blend
50$674,000$674,000$674,000$674,000
51$746,234$710,512$700,065$803,785
52$786,177$709,154$687,344$840,647
53$829,054$706,589$673,057$876,288
54$875,129$702,724$657,116$914,360
55$924,691$697,457$639,429$955,089
56$978,058$690,680$619,898$998,725
57$1,035,579$682,282$598,423$1,045,541
58$1,097,636$672,142$574,898$1,095,841
59$1,164,650$660,133$549,213$1,149,959
60$1,237,084$646,119$521,251$1,208,261
61$1,315,446$629,958$490,893$1,271,153
62$1,400,295$611,499$458,011$1,339,083
63$1,492,244$590,582$422,473$1,412,543
64$1,591,970$567,037$384,143$1,492,078
65$1,700,214$540,685$342,875$1,578,286
66$1,817,794$511,337$298,519$1,671,829
67$1,945,607$478,791$250,918$1,773,436
68$2,084,644$442,837$199,909$1,883,911
69$2,235,991$403,248$145,319$2,004,140
70$2,400,844$359,790$86,969$2,135,102
71$2,580,521$312,211$24,674$2,277,875
72$2,776,471$260,246$0$2,433,648
73$2,990,289$203,616$0$2,606,409
74$3,223,732$142,026$0$2,796,789
75$3,478,731$75,164$0$3,004,816
76$3,757,414$2,700$0$3,232,262
77$4,062,124$0$0$3,481,084
78$4,395,441$0$0$3,766,767
79$4,760,204$0$0$4,079,944
80$5,159,540$0$0$4,422,828
81$5,596,893$0$0$4,798,378
82$6,076,056$0$0$5,209,853
83$6,601,203$0$0$5,660,843
84$7,176,935$0$0$6,155,301
85$7,808,318$0$0$6,697,581
86$8,500,931$0$0$7,292,478
87$9,260,920$0$0$7,945,274
88$10,095,054$0$0$8,661,788
89$11,010,789$0$0$9,448,429
90$12,016,339$0$0$10,312,256
91$13,120,753$0$0$11,261,046
92$14,333,998$0$0$12,303,366
93$15,667,053$0$0$13,448,654
94$17,132,017$0$0$14,707,307
95$18,742,214$0$0$16,090,780
96$20,512,329$0$0$17,611,692
97$22,458,534$0$0$19,283,946
98$24,598,652$0$0$21,122,860
99$26,952,317$0$0$23,145,309
100$29,541,160$0$0$25,369,888