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%13.1%
1 years$55,906$55,408$54,922$54,448$53,985$53,288
2 years$27,676$27,161$26,661$26,177$25,707$25,006
3 years$18,268$17,750$17,252$16,772$16,310$15,626
4 years$13,564$13,048$12,555$12,083$11,632$10,972
5 years$10,743$10,230$9,743$9,281$8,843$8,207
6 years$8,863$8,353$7,874$7,422$6,997$6,387
7 years$7,520$7,015$6,543$6,102$5,690$5,106
8 years$6,514$6,013$5,549$5,119$4,721$4,162
9 years$5,731$5,236$4,779$4,360$3,975$3,442
10 years$5,106$4,615$4,167$3,759$3,387$2,879
11 years$4,594$4,108$3,668$3,271$2,913$2,429
12 years$4,168$3,688$3,256$2,869$2,525$2,065
13 years$3,808$3,332$2,909$2,533$2,201$1,765
14 years$3,500$3,029$2,613$2,249$1,930$1,516
15 years$3,233$2,767$2,360$2,005$1,699$1,308
16 years$2,999$2,539$2,139$1,796$1,502$1,132
17 years$2,794$2,338$1,947$1,613$1,331$982
18 years$2,611$2,161$1,777$1,454$1,184$855
19 years$2,448$2,002$1,627$1,314$1,055$745
20 years$2,301$1,861$1,493$1,190$943$651
21 years$2,168$1,733$1,373$1,080$843$569
22 years$2,048$1,618$1,266$982$756$499
23 years$1,938$1,513$1,169$894$679$437
24 years$1,838$1,418$1,081$816$610$384
25 years$1,745$1,330$1,001$745$549$337
26 years$1,660$1,250$928$681$494$296
27 years$1,582$1,177$862$623$446$261
28 years$1,509$1,109$801$571$402$230
29 years$1,441$1,046$746$524$363$202
30 years$1,378$988$695$481$328$178
31 years$1,319$934$648$441$297$157
32 years$1,264$884$604$406$268$139
33 years$1,212$837$564$373$243$122
34 years$1,164$793$527$343$220$108
35 years$1,118$752$493$316$199$95
36 years$1,075$714$461$291$180$84
37 years$1,035$678$432$268$164$74
38 years$996$645$404$247$148$66
39 years$960$613$379$228$134$58
40 years$926$583$355$210$122$51
41 years$893$555$333$194$111$45
42 years$862$529$312$179$100$40
43 years$832$504$293$165$91$35
44 years$804$480$275$153$83$31
45 years$778$458$258$141$75$28
46 years$752$437$242$130$68$24
47 years$728$417$228$120$62$22
48 years$705$398$214$111$56$19
49 years$682$380$201$103$51$17
50 years$661$363$189$95$46$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $677,000, adding $5,222 every year, while hoping to spend $21,360 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: 76/14/10 Blend
50$677,000$677,000$677,000$677,000
51$751,440$715,559$705,066$806,830
52$805,361$727,895$705,959$856,359
53$864,065$740,119$706,166$907,404
54$928,018$752,204$705,641$962,752
55$997,733$764,119$704,337$1,022,821
56$1,073,773$775,832$702,204$1,088,075
57$1,156,759$787,309$699,188$1,159,022
58$1,247,373$798,512$695,236$1,236,224
59$1,346,368$809,401$690,289$1,320,297
60$1,454,570$819,935$684,287$1,411,924
61$1,572,892$830,068$677,166$1,511,853
62$1,702,336$839,750$668,861$1,620,912
63$1,844,008$848,931$659,301$1,740,011
64$1,999,123$857,555$648,413$1,870,152
65$2,169,021$865,562$636,122$2,012,442
66$2,355,177$872,891$622,349$2,168,098
67$2,559,216$879,474$607,008$2,338,463
68$2,782,926$885,239$590,014$2,525,016
69$3,028,280$890,110$571,274$2,729,386
70$3,297,447$894,008$550,694$2,953,370
71$3,592,817$896,845$528,173$3,198,948
72$3,917,025$898,531$503,608$3,468,301
73$4,272,971$898,969$476,888$3,763,832
74$4,663,850$898,054$447,900$4,088,191
75$5,093,183$895,679$416,524$4,444,299
76$5,564,846$891,726$382,637$4,835,372
77$6,083,113$886,072$346,107$5,264,957
78$6,652,688$878,587$306,799$5,736,962
79$7,278,756$869,132$264,571$6,255,694
80$7,967,029$857,560$219,274$6,825,901
81$8,723,800$843,714$170,754$7,452,813
82$9,556,002$827,430$118,848$8,142,197
83$10,471,273$808,533$63,389$8,900,408
84$11,478,029$786,838$4,199$9,734,447
85$12,585,544$762,149$0$10,652,034
86$13,804,032$734,257$0$11,667,967
87$15,144,752$702,944$0$12,786,216
88$16,620,105$667,976$0$14,016,685
89$18,243,757$629,109$0$15,370,784
90$20,030,767$586,082$0$16,861,086
91$21,997,725$538,620$0$18,501,447
92$24,162,914$486,433$0$20,307,134
93$26,546,477$429,214$0$22,294,973
94$29,170,609$366,637$0$24,483,507
95$32,059,770$298,361$0$26,893,169
96$35,240,908$224,022$0$29,546,476
97$38,743,720$143,239$0$32,468,243
98$42,600,929$55,607$0$35,685,818
99$46,848,591$0$0$39,229,336
100$51,526,440$0$0$43,138,061