Can I retire at age 51 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$55,741$55,244$54,760$54,287$53,825$52,803
2 years$27,594$27,081$26,582$26,100$25,631$24,606
3 years$18,214$17,697$17,201$16,722$16,261$15,264
4 years$13,524$13,009$12,518$12,047$11,598$10,636
5 years$10,711$10,200$9,714$9,254$8,816$7,894
6 years$8,836$8,329$7,851$7,400$6,976$6,093
7 years$7,498$6,994$6,524$6,084$5,673$4,831
8 years$6,494$5,996$5,533$5,104$4,707$3,904
9 years$5,714$5,220$4,765$4,347$3,964$3,200
10 years$5,091$4,601$4,155$3,747$3,377$2,652
11 years$4,581$4,096$3,658$3,261$2,905$2,217
12 years$4,156$3,677$3,246$2,861$2,517$1,866
13 years$3,797$3,323$2,900$2,526$2,195$1,580
14 years$3,489$3,020$2,606$2,242$1,924$1,343
15 years$3,223$2,759$2,353$1,999$1,694$1,147
16 years$2,991$2,531$2,133$1,790$1,497$982
17 years$2,785$2,331$1,941$1,608$1,328$843
18 years$2,603$2,154$1,772$1,450$1,180$726
19 years$2,440$1,996$1,622$1,310$1,052$626
20 years$2,294$1,855$1,489$1,186$940$540
21 years$2,162$1,728$1,369$1,077$841$467
22 years$2,042$1,613$1,262$979$754$405
23 years$1,932$1,509$1,165$892$677$351
24 years$1,832$1,414$1,078$813$608$304
25 years$1,740$1,327$998$743$547$264
26 years$1,655$1,247$926$679$493$230
27 years$1,577$1,173$860$621$444$200
28 years$1,504$1,106$799$569$401$174
29 years$1,437$1,043$744$522$362$151
30 years$1,374$985$693$479$327$131
31 years$1,315$931$646$440$296$114
32 years$1,260$881$602$404$268$100
33 years$1,209$834$563$372$242$87
34 years$1,160$791$526$342$219$76
35 years$1,115$750$491$315$199$66
36 years$1,072$712$460$290$180$57
37 years$1,032$676$430$267$163$50
38 years$993$643$403$246$148$44
39 years$957$611$378$227$134$38
40 years$923$581$354$210$122$33
41 years$890$553$332$193$110$29
42 years$859$527$311$178$100$25
43 years$830$502$292$165$91$22
44 years$802$479$274$152$82$19
45 years$775$456$257$140$75$17
46 years$750$435$242$130$68$15
47 years$726$416$227$120$62$13
48 years$702$397$213$111$56$11
49 years$680$379$201$102$51$10
50 years$659$362$189$95$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $675,000, adding $2,159 every year, while hoping to spend $41,267 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: 59/22/19 Blend
50$675,000$675,000$675,000$675,000
51$746,077$710,302$699,840$786,260
52$778,269$701,199$679,376$804,639
53$812,362$690,267$656,845$819,965
54$848,505$677,372$632,131$835,746
55$886,863$662,375$605,119$852,034
56$927,616$645,124$575,683$868,887
57$970,960$625,462$543,696$886,371
58$1,017,110$603,222$509,021$904,560
59$1,066,302$578,226$471,520$923,539
60$1,118,792$550,286$431,043$943,404
61$1,174,864$519,205$387,438$964,263
62$1,234,827$484,773$340,544$986,236
63$1,299,020$446,768$290,193$1,009,461
64$1,367,815$404,955$236,210$1,034,091
65$1,441,621$359,086$178,411$1,060,298
66$1,520,885$308,900$116,606$1,088,275
67$1,606,098$254,119$50,596$1,118,240
68$1,697,801$194,452$0$1,150,435
69$1,796,586$129,590$0$1,189,156
70$1,903,104$59,206$0$1,241,889
71$2,018,070$0$0$1,298,753
72$2,142,269$0$0$1,364,299
73$2,276,564$0$0$1,450,716
74$2,421,905$0$0$1,544,285
75$2,579,333$0$0$1,645,685
76$2,749,998$0$0$1,755,660
77$2,935,158$0$0$1,875,029
78$3,136,202$0$0$2,004,693
79$3,354,654$0$0$2,145,643
80$3,592,193$0$0$2,298,968
81$3,850,665$0$0$2,465,869
82$4,132,101$0$0$2,647,663
83$4,438,737$0$0$2,845,805
84$4,773,032$0$0$3,061,892
85$5,137,694$0$0$3,297,682
86$5,535,703$0$0$3,555,113
87$5,970,338$0$0$3,836,316
88$6,445,211$0$0$4,143,636
89$6,964,297$0$0$4,479,657
90$7,531,972$0$0$4,847,224
91$8,153,056$0$0$5,249,468
92$8,832,854$0$0$5,689,837
93$9,577,209$0$0$6,172,130
94$10,392,556$0$0$6,700,526
95$11,285,980$0$0$7,279,633
96$12,265,285$0$0$7,914,521
97$13,339,065$0$0$8,610,778
98$14,516,787$0$0$9,374,555
99$15,808,876$0$0$10,212,631
100$17,226,816$0$0$11,132,469