Can I retire at age 51 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$55,906$55,408$54,922$54,448$53,985$53,555
2 years$27,676$27,161$26,661$26,177$25,707$25,274
3 years$18,268$17,750$17,252$16,772$16,310$15,886
4 years$13,564$13,048$12,555$12,083$11,632$11,222
5 years$10,743$10,230$9,743$9,281$8,843$8,447
6 years$8,863$8,353$7,874$7,422$6,997$6,616
7 years$7,520$7,015$6,543$6,102$5,690$5,325
8 years$6,514$6,013$5,549$5,119$4,721$4,370
9 years$5,731$5,236$4,779$4,360$3,975$3,640
10 years$5,106$4,615$4,167$3,759$3,387$3,067
11 years$4,594$4,108$3,668$3,271$2,913$2,607
12 years$4,168$3,688$3,256$2,869$2,525$2,233
13 years$3,808$3,332$2,909$2,533$2,201$1,924
14 years$3,500$3,029$2,613$2,249$1,930$1,666
15 years$3,233$2,767$2,360$2,005$1,699$1,448
16 years$2,999$2,539$2,139$1,796$1,502$1,264
17 years$2,794$2,338$1,947$1,613$1,331$1,106
18 years$2,611$2,161$1,777$1,454$1,184$970
19 years$2,448$2,002$1,627$1,314$1,055$853
20 years$2,301$1,861$1,493$1,190$943$752
21 years$2,168$1,733$1,373$1,080$843$664
22 years$2,048$1,618$1,266$982$756$587
23 years$1,938$1,513$1,169$894$679$519
24 years$1,838$1,418$1,081$816$610$460
25 years$1,745$1,330$1,001$745$549$408
26 years$1,660$1,250$928$681$494$362
27 years$1,582$1,177$862$623$446$322
28 years$1,509$1,109$801$571$402$286
29 years$1,441$1,046$746$524$363$254
30 years$1,378$988$695$481$328$226
31 years$1,319$934$648$441$297$201
32 years$1,264$884$604$406$268$179
33 years$1,212$837$564$373$243$160
34 years$1,164$793$527$343$220$142
35 years$1,118$752$493$316$199$127
36 years$1,075$714$461$291$180$113
37 years$1,035$678$432$268$164$101
38 years$996$645$404$247$148$90
39 years$960$613$379$228$134$80
40 years$926$583$355$210$122$72
41 years$893$555$333$194$111$64
42 years$862$529$312$179$100$57
43 years$832$504$293$165$91$51
44 years$804$480$275$153$83$46
45 years$778$458$258$141$75$41
46 years$752$437$242$130$68$36
47 years$728$417$228$120$62$32
48 years$705$398$214$111$56$29
49 years$682$380$201$103$51$26
50 years$661$363$189$95$46$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $677,000, adding $3,794 every year, while hoping to spend $48,985 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: 67/18/15 Blend
50$677,000$677,000$677,000$677,000
51$749,968$714,087$703,593$797,318
52$774,345$696,957$675,044$812,261
53$799,566$677,347$643,896$822,487
54$825,667$655,082$610,012$832,440
55$852,683$629,979$573,246$842,091
56$880,653$601,844$533,446$851,409
57$909,618$570,472$490,454$860,358
58$939,620$535,646$444,105$868,906
59$970,704$497,136$394,225$877,016
60$1,002,919$454,699$340,635$884,648
61$1,036,316$408,078$283,145$891,764
62$1,070,949$357,003$221,560$898,322
63$1,106,876$301,186$155,672$904,278
64$1,144,158$240,325$85,268$909,589
65$1,182,860$174,099$10,123$914,206
66$1,223,054$102,172$0$918,083
67$1,264,813$24,186$0$932,383
68$1,308,217$0$0$948,299
69$1,353,351$0$0$976,128
70$1,400,308$0$0$1,010,070
71$1,449,185$0$0$1,045,407
72$1,500,087$0$0$1,082,216
73$1,553,130$0$0$1,120,580
74$1,608,433$0$0$1,160,589
75$1,666,130$0$0$1,202,339
76$1,726,361$0$0$1,245,933
77$1,789,279$0$0$1,291,484
78$1,855,050$0$0$1,339,113
79$1,923,853$0$0$1,388,951
80$1,995,881$0$0$1,441,139
81$2,071,343$0$0$1,495,832
82$2,150,467$0$0$1,553,196
83$2,233,498$0$0$1,613,412
84$2,320,704$0$0$1,676,677
85$2,412,377$0$0$1,743,203
86$2,508,831$0$0$1,813,224
87$2,610,411$0$0$1,886,991
88$2,717,491$0$0$1,964,780
89$2,830,478$0$0$2,046,892
90$2,949,819$0$0$2,133,652
91$3,075,997$0$0$2,225,419
92$3,209,542$0$0$2,322,580
93$3,351,032$0$0$2,425,563
94$3,501,099$0$0$2,534,831
95$3,660,433$0$0$2,650,893
96$3,829,788$0$0$2,774,305
97$4,009,992$0$0$2,905,675
98$4,201,948$0$0$3,045,670
99$4,406,646$0$0$3,195,017
100$4,625,171$0$0$3,354,517