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%16.2%
1 years$56,071$55,572$55,084$54,609$54,144$52,771
2 years$27,758$27,241$26,740$26,254$25,783$24,409
3 years$18,322$17,802$17,303$16,821$16,358$15,025
4 years$13,604$13,087$12,592$12,119$11,667$10,386
5 years$10,775$10,260$9,772$9,308$8,869$7,643
6 years$8,889$8,378$7,897$7,444$7,018$5,849
7 years$7,542$7,036$6,562$6,120$5,707$4,595
8 years$6,533$6,031$5,566$5,134$4,735$3,679
9 years$5,748$5,251$4,794$4,373$3,987$2,987
10 years$5,121$4,629$4,179$3,770$3,397$2,451
11 years$4,608$4,121$3,679$3,281$2,922$2,028
12 years$4,181$3,698$3,265$2,878$2,532$1,690
13 years$3,819$3,342$2,917$2,541$2,208$1,415
14 years$3,510$3,038$2,621$2,255$1,935$1,190
15 years$3,242$2,775$2,367$2,011$1,704$1,005
16 years$3,008$2,546$2,146$1,801$1,506$851
17 years$2,802$2,345$1,952$1,618$1,335$722
18 years$2,619$2,167$1,782$1,458$1,187$614
19 years$2,455$2,008$1,632$1,318$1,058$523
20 years$2,308$1,866$1,497$1,193$945$447
21 years$2,175$1,738$1,377$1,083$846$382
22 years$2,054$1,623$1,269$985$758$326
23 years$1,944$1,518$1,172$897$681$279
24 years$1,843$1,422$1,084$818$612$239
25 years$1,751$1,334$1,004$747$551$205
26 years$1,665$1,254$931$683$496$176
27 years$1,586$1,180$865$625$447$151
28 years$1,513$1,112$804$573$403$130
29 years$1,445$1,049$748$525$364$111
30 years$1,382$991$697$482$329$96
31 years$1,323$937$650$443$298$82
32 years$1,268$886$606$407$269$71
33 years$1,216$839$566$374$244$61
34 years$1,167$795$529$344$221$52
35 years$1,122$755$494$317$200$45
36 years$1,078$716$462$292$181$39
37 years$1,038$680$433$269$164$33
38 years$999$646$405$248$149$29
39 years$963$615$380$229$135$25
40 years$928$585$356$211$122$21
41 years$896$557$334$194$111$18
42 years$864$530$313$179$101$16
43 years$835$505$294$166$91$13
44 years$807$482$276$153$83$12
45 years$780$459$259$141$75$10
46 years$754$438$243$131$68$9
47 years$730$418$228$121$62$7
48 years$707$399$215$111$56$6
49 years$684$381$202$103$51$5
50 years$663$364$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $679,000, adding $3,219 every year, while hoping to spend $54,269 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: 69/19/12 Blend
50$679,000$679,000$679,000$679,000
51$751,578$715,591$705,067$801,274
52$770,498$692,914$670,945$812,020
53$789,528$667,306$633,861$816,939
54$808,623$638,567$593,658$820,902
55$827,730$606,485$550,174$823,805
56$846,790$570,834$503,236$825,539
57$865,736$531,377$452,667$825,981
58$884,489$487,864$398,280$825,001
59$902,965$440,027$339,880$822,456
60$921,065$387,586$277,264$818,190
61$938,681$330,244$210,220$812,036
62$955,688$267,689$138,524$803,810
63$971,951$199,587$61,947$793,313
64$987,313$125,591$0$780,328
65$1,001,604$45,330$0$767,151
66$1,014,630$0$0$759,623
67$1,026,177$0$0$758,253
68$1,036,006$0$0$765,032
69$1,043,850$0$0$770,281
70$1,049,412$0$0$773,772
71$1,052,363$0$0$775,254
72$1,052,336$0$0$774,448
73$1,048,924$0$0$771,043
74$1,041,675$0$0$764,695
75$1,030,089$0$0$755,023
76$1,013,609$0$0$741,602
77$991,619$0$0$723,964
78$963,437$0$0$701,589
79$928,307$0$0$673,900
80$885,391$0$0$640,261
81$833,763$0$0$599,965
82$772,398$0$0$552,233
83$700,161$0$0$496,201
84$615,800$0$0$430,914
85$517,927$0$0$355,318
86$405,009$0$0$268,244
87$275,352$0$0$168,405
88$127,085$0$0$54,375
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0