Can I retire at age 51 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$56,071$55,572$55,084$54,609$54,144$53,691
2 years$27,758$27,241$26,740$26,254$25,783$25,326
3 years$18,322$17,802$17,303$16,821$16,358$15,911
4 years$13,604$13,087$12,592$12,119$11,667$11,234
5 years$10,775$10,260$9,772$9,308$8,869$8,451
6 years$8,889$8,378$7,897$7,444$7,018$6,616
7 years$7,542$7,036$6,562$6,120$5,707$5,322
8 years$6,533$6,031$5,566$5,134$4,735$4,365
9 years$5,748$5,251$4,794$4,373$3,987$3,634
10 years$5,121$4,629$4,179$3,770$3,397$3,060
11 years$4,608$4,121$3,679$3,281$2,922$2,599
12 years$4,181$3,698$3,265$2,878$2,532$2,225
13 years$3,819$3,342$2,917$2,541$2,208$1,916
14 years$3,510$3,038$2,621$2,255$1,935$1,658
15 years$3,242$2,775$2,367$2,011$1,704$1,440
16 years$3,008$2,546$2,146$1,801$1,506$1,256
17 years$2,802$2,345$1,952$1,618$1,335$1,098
18 years$2,619$2,167$1,782$1,458$1,187$963
19 years$2,455$2,008$1,632$1,318$1,058$846
20 years$2,308$1,866$1,497$1,193$945$745
21 years$2,175$1,738$1,377$1,083$846$657
22 years$2,054$1,623$1,269$985$758$580
23 years$1,944$1,518$1,172$897$681$513
24 years$1,843$1,422$1,084$818$612$454
25 years$1,751$1,334$1,004$747$551$403
26 years$1,665$1,254$931$683$496$357
27 years$1,586$1,180$865$625$447$317
28 years$1,513$1,112$804$573$403$282
29 years$1,445$1,049$748$525$364$250
30 years$1,382$991$697$482$329$222
31 years$1,323$937$650$443$298$198
32 years$1,268$886$606$407$269$176
33 years$1,216$839$566$374$244$157
34 years$1,167$795$529$344$221$140
35 years$1,122$755$494$317$200$124
36 years$1,078$716$462$292$181$111
37 years$1,038$680$433$269$164$99
38 years$999$646$405$248$149$88
39 years$963$615$380$229$135$78
40 years$928$585$356$211$122$70
41 years$896$557$334$194$111$62
42 years$864$530$313$179$101$56
43 years$835$505$294$166$91$50
44 years$807$482$276$153$83$44
45 years$780$459$259$141$75$40
46 years$754$438$243$131$68$35
47 years$730$418$228$121$62$31
48 years$707$399$215$111$56$28
49 years$684$381$202$103$51$25
50 years$663$364$190$95$47$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $679,000, adding $2,859 every year, while hoping to spend $21,496 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: 75/12/13 Blend
50$679,000$679,000$679,000$679,000
51$751,207$715,220$704,696$805,328
52$804,959$727,394$705,431$853,625
53$863,472$739,445$705,471$903,571
54$927,211$751,342$704,769$957,719
55$996,685$763,056$703,277$1,016,480
56$1,072,455$774,553$700,945$1,080,306
57$1,155,137$785,799$697,718$1,149,695
58$1,245,412$796,753$693,542$1,225,198
59$1,344,026$807,377$688,359$1,307,420
60$1,451,805$817,626$682,107$1,397,026
61$1,569,653$827,454$674,722$1,494,753
62$1,698,570$836,811$666,137$1,601,410
63$1,839,653$845,645$656,282$1,717,888
64$1,994,114$853,897$645,083$1,845,172
65$2,163,285$861,509$632,465$1,984,345
66$2,348,632$868,416$618,345$2,136,601
67$2,551,773$874,549$602,640$2,303,255
68$2,774,487$879,835$585,261$2,485,759
69$3,018,735$884,197$566,118$2,685,709
70$3,286,675$887,552$545,112$2,904,867
71$3,580,686$889,812$522,143$3,145,175
72$3,903,388$890,884$497,106$3,408,772
73$4,257,665$890,669$469,891$3,698,015
74$4,646,697$889,062$440,383$4,015,502
75$5,073,984$885,950$408,460$4,364,098
76$5,543,385$881,216$373,998$4,746,959
77$6,059,148$874,733$336,864$5,167,564
78$6,625,954$866,369$296,922$5,629,746
79$7,248,961$855,980$254,029$6,137,730
80$7,933,850$843,419$208,034$6,696,175
81$8,686,882$828,525$158,782$7,310,212
82$9,514,951$811,130$106,108$7,985,498
83$10,425,656$791,055$49,843$8,728,268
84$11,427,370$768,113$0$9,545,394
85$12,529,314$742,104$0$10,445,863
86$13,741,651$712,814$0$11,444,078
87$15,075,580$680,022$0$12,542,343
88$16,543,435$643,489$0$13,750,825
89$18,158,812$602,966$0$15,080,728
90$19,936,687$558,188$0$16,544,397
91$21,893,564$508,875$0$18,155,437
92$24,047,628$454,730$0$19,928,840
93$26,418,915$395,441$0$21,881,127
94$29,029,504$330,677$0$24,030,504
95$31,903,723$260,089$0$26,397,034
96$35,068,378$183,309$0$29,002,826
97$38,553,008$99,947$0$31,872,245
98$42,390,161$9,591$0$35,032,139
99$46,615,704$0$0$38,512,098
100$51,269,156$0$0$42,356,374