Can I retire at age 51 with 679,000?

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 $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%
1 years$56,071$55,572$55,084$54,609$54,144$53,668
2 years$27,758$27,241$26,740$26,254$25,783$25,303
3 years$18,322$17,802$17,303$16,821$16,358$15,889
4 years$13,604$13,087$12,592$12,119$11,667$11,213
5 years$10,775$10,260$9,772$9,308$8,869$8,431
6 years$8,889$8,378$7,897$7,444$7,018$6,597
7 years$7,542$7,036$6,562$6,120$5,707$5,303
8 years$6,533$6,031$5,566$5,134$4,735$4,347
9 years$5,748$5,251$4,794$4,373$3,987$3,617
10 years$5,121$4,629$4,179$3,770$3,397$3,043
11 years$4,608$4,121$3,679$3,281$2,922$2,584
12 years$4,181$3,698$3,265$2,878$2,532$2,210
13 years$3,819$3,342$2,917$2,541$2,208$1,902
14 years$3,510$3,038$2,621$2,255$1,935$1,645
15 years$3,242$2,775$2,367$2,011$1,704$1,428
16 years$3,008$2,546$2,146$1,801$1,506$1,244
17 years$2,802$2,345$1,952$1,618$1,335$1,088
18 years$2,619$2,167$1,782$1,458$1,187$953
19 years$2,455$2,008$1,632$1,318$1,058$837
20 years$2,308$1,866$1,497$1,193$945$736
21 years$2,175$1,738$1,377$1,083$846$649
22 years$2,054$1,623$1,269$985$758$573
23 years$1,944$1,518$1,172$897$681$506
24 years$1,843$1,422$1,084$818$612$448
25 years$1,751$1,334$1,004$747$551$396
26 years$1,665$1,254$931$683$496$351
27 years$1,586$1,180$865$625$447$312
28 years$1,513$1,112$804$573$403$276
29 years$1,445$1,049$748$525$364$246
30 years$1,382$991$697$482$329$218
31 years$1,323$937$650$443$298$194
32 years$1,268$886$606$407$269$172
33 years$1,216$839$566$374$244$153
34 years$1,167$795$529$344$221$136
35 years$1,122$755$494$317$200$121
36 years$1,078$716$462$292$181$108
37 years$1,038$680$433$269$164$96
38 years$999$646$405$248$149$86
39 years$963$615$380$229$135$76
40 years$928$585$356$211$122$68
41 years$896$557$334$194$111$61
42 years$864$530$313$179$101$54
43 years$835$505$294$166$91$48
44 years$807$482$276$153$83$43
45 years$780$459$259$141$75$38
46 years$754$438$243$131$68$34
47 years$730$418$228$121$62$30
48 years$707$399$215$111$56$27
49 years$684$381$202$103$51$24
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 $3,418 every year, while hoping to spend $37,241 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: 57/32/11 Blend
50$679,000$679,000$679,000$679,000
51$751,784$715,797$705,272$792,410
52$788,841$711,247$689,275$815,685
53$828,431$705,225$671,493$836,607
54$870,771$697,622$651,828$858,515
55$916,102$688,317$630,177$881,507
56$964,687$677,187$606,430$905,695
57$1,016,814$664,099$580,475$931,204
58$1,072,801$648,911$552,192$958,171
59$1,132,995$631,476$521,459$986,751
60$1,197,778$611,636$488,146$1,017,117
61$1,267,569$589,224$452,116$1,049,461
62$1,342,829$564,064$413,230$1,083,996
63$1,424,064$535,969$371,339$1,120,961
64$1,511,828$504,742$326,289$1,160,622
65$1,606,734$470,173$277,919$1,203,273
66$1,709,452$432,043$226,061$1,249,244
67$1,820,721$390,118$170,538$1,298,900
68$1,941,352$344,151$111,169$1,352,648
69$2,072,236$293,881$47,760$1,410,937
70$2,214,357$239,033$0$1,474,271
71$2,368,792$179,317$0$1,545,542
72$2,536,730$114,424$0$1,629,166
73$2,719,476$44,031$0$1,720,242
74$2,918,469$0$0$1,819,560
75$3,135,289$0$0$1,939,331
76$3,371,678$0$0$2,086,869
77$3,629,551$0$0$2,247,872
78$3,911,017$0$0$2,423,664
79$4,218,397$0$0$2,615,702
80$4,554,246$0$0$2,825,590
81$4,921,377$0$0$3,055,094
82$5,322,887$0$0$3,306,158
83$5,762,187$0$0$3,580,922
84$6,243,031$0$0$3,881,746
85$6,769,553$0$0$4,211,223
86$7,346,307$0$0$4,572,214
87$7,978,308$0$0$4,967,866
88$8,671,076$0$0$5,401,648
89$9,430,696$0$0$5,877,378
90$10,263,864$0$0$6,399,262
91$11,177,959$0$0$6,971,933
92$12,181,108$0$0$7,600,495
93$13,282,263$0$0$8,290,570
94$14,491,284$0$0$9,048,349
95$15,819,033$0$0$9,880,654
96$17,277,477$0$0$10,794,999
97$18,879,796$0$0$11,799,663
98$20,640,512$0$0$12,903,766
99$22,575,623$0$0$14,117,353
100$24,702,753$0$0$15,451,495