Can I retire at age 51 with 675,000?

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 $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%19.8%
1 years$55,741$55,244$54,760$54,287$53,825$51,710
2 years$27,594$27,081$26,582$26,100$25,631$23,526
3 years$18,214$17,697$17,201$16,722$16,261$14,233
4 years$13,524$13,009$12,518$12,047$11,598$9,661
5 years$10,711$10,200$9,714$9,254$8,816$6,976
6 years$8,836$8,329$7,851$7,400$6,976$5,234
7 years$7,498$6,994$6,524$6,084$5,673$4,028
8 years$6,494$5,996$5,533$5,104$4,707$3,157
9 years$5,714$5,220$4,765$4,347$3,964$2,508
10 years$5,091$4,601$4,155$3,747$3,377$2,012
11 years$4,581$4,096$3,658$3,261$2,905$1,626
12 years$4,156$3,677$3,246$2,861$2,517$1,323
13 years$3,797$3,323$2,900$2,526$2,195$1,081
14 years$3,489$3,020$2,606$2,242$1,924$887
15 years$3,223$2,759$2,353$1,999$1,694$730
16 years$2,991$2,531$2,133$1,790$1,497$602
17 years$2,785$2,331$1,941$1,608$1,328$498
18 years$2,603$2,154$1,772$1,450$1,180$412
19 years$2,440$1,996$1,622$1,310$1,052$342
20 years$2,294$1,855$1,489$1,186$940$284
21 years$2,162$1,728$1,369$1,077$841$236
22 years$2,042$1,613$1,262$979$754$196
23 years$1,932$1,509$1,165$892$677$163
24 years$1,832$1,414$1,078$813$608$136
25 years$1,740$1,327$998$743$547$113
26 years$1,655$1,247$926$679$493$94
27 years$1,577$1,173$860$621$444$79
28 years$1,504$1,106$799$569$401$65
29 years$1,437$1,043$744$522$362$55
30 years$1,374$985$693$479$327$46
31 years$1,315$931$646$440$296$38
32 years$1,260$881$602$404$268$32
33 years$1,209$834$563$372$242$26
34 years$1,160$791$526$342$219$22
35 years$1,115$750$491$315$199$18
36 years$1,072$712$460$290$180$15
37 years$1,032$676$430$267$163$13
38 years$993$643$403$246$148$11
39 years$957$611$378$227$134$9
40 years$923$581$354$210$122$7
41 years$890$553$332$193$110$6
42 years$859$527$311$178$100$5
43 years$830$502$292$165$91$4
44 years$802$479$274$152$82$4
45 years$775$456$257$140$75$3
46 years$750$435$242$130$68$3
47 years$726$416$227$120$62$2
48 years$702$397$213$111$56$2
49 years$680$379$201$102$51$1
50 years$659$362$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $675,000, adding $3,158 every year, while hoping to spend $39,166 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: 37/33/30 Blend
50$675,000$675,000$675,000$675,000
51$747,107$711,332$700,870$767,964
52$781,640$704,515$682,677$776,917
53$818,382$696,052$662,561$782,816
54$857,518$685,819$640,418$788,452
55$899,250$673,689$616,137$793,829
56$943,797$659,523$589,601$798,954
57$991,401$643,177$560,690$803,837
58$1,042,329$624,498$529,278$808,495
59$1,096,870$603,322$495,232$812,948
60$1,155,344$579,477$458,415$817,225
61$1,218,099$552,781$418,682$821,360
62$1,285,520$523,043$375,883$825,397
63$1,358,028$490,057$329,860$829,387
64$1,436,085$453,608$280,449$833,395
65$1,520,200$413,469$227,478$837,495
66$1,610,930$369,398$170,768$841,776
67$1,708,888$321,142$110,132$846,342
68$1,814,747$268,431$45,374$851,314
69$1,929,248$210,981$0$856,832
70$2,053,204$148,491$0$870,655
71$2,187,510$80,646$0$901,366
72$2,333,148$7,110$0$934,710
73$2,491,201$0$0$971,006
74$2,662,857$0$0$1,036,924
75$2,849,425$0$0$1,111,457
76$3,052,344$0$0$1,192,609
77$3,273,198$0$0$1,281,023
78$3,513,729$0$0$1,377,409
79$3,775,853$0$0$1,482,546
80$4,061,682$0$0$1,597,294
81$4,373,537$0$0$1,722,597
82$4,713,974$0$0$1,859,496
83$5,085,807$0$0$2,009,136
84$5,492,135$0$0$2,172,778
85$5,936,366$0$0$2,351,812
86$6,422,256$0$0$2,547,765
87$6,953,939$0$0$2,762,322
88$7,535,966$0$0$2,997,336
89$8,173,352$0$0$3,254,849
90$8,871,615$0$0$3,537,109
91$9,636,835$0$0$3,846,594
92$10,475,708$0$0$4,186,030
93$11,395,607$0$0$4,558,421
94$12,404,655$0$0$4,967,078
95$13,511,796$0$0$5,415,643
96$14,726,884$0$0$5,908,133
97$16,060,773$0$0$6,448,970
98$17,525,418$0$0$7,043,026
99$19,133,991$0$0$7,695,667
100$20,900,999$0$0$8,412,807