Can I retire at age 51 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$56,154$55,654$55,166$54,689$54,224$53,703
2 years$27,799$27,281$26,779$26,293$25,821$25,296
3 years$18,349$17,829$17,328$16,846$16,382$15,869
4 years$13,624$13,106$12,610$12,137$11,684$11,187
5 years$10,790$10,275$9,786$9,322$8,882$8,403
6 years$8,902$8,390$7,909$7,455$7,028$6,568
7 years$7,553$7,046$6,572$6,129$5,716$5,274
8 years$6,542$6,040$5,574$5,142$4,742$4,319
9 years$5,757$5,259$4,801$4,379$3,993$3,589
10 years$5,128$4,635$4,185$3,775$3,402$3,016
11 years$4,615$4,127$3,685$3,286$2,926$2,558
12 years$4,187$3,704$3,270$2,882$2,536$2,185
13 years$3,825$3,347$2,922$2,544$2,211$1,878
14 years$3,515$3,043$2,625$2,258$1,938$1,622
15 years$3,247$2,779$2,370$2,014$1,707$1,406
16 years$3,013$2,550$2,149$1,803$1,508$1,224
17 years$2,806$2,348$1,955$1,620$1,337$1,068
18 years$2,622$2,170$1,785$1,460$1,189$934
19 years$2,459$2,011$1,634$1,320$1,060$819
20 years$2,311$1,869$1,500$1,195$947$720
21 years$2,178$1,741$1,379$1,085$847$633
22 years$2,057$1,625$1,271$986$759$558
23 years$1,947$1,520$1,174$898$682$492
24 years$1,846$1,424$1,086$819$613$435
25 years$1,753$1,336$1,005$748$551$385
26 years$1,668$1,256$933$684$497$340
27 years$1,589$1,182$866$626$448$301
28 years$1,516$1,114$805$574$404$267
29 years$1,448$1,051$749$526$365$237
30 years$1,384$992$698$483$330$210
31 years$1,325$938$651$443$298$186
32 years$1,270$888$607$407$270$165
33 years$1,218$841$567$375$244$147
34 years$1,169$797$530$345$221$130
35 years$1,123$756$495$317$200$116
36 years$1,080$717$463$292$181$103
37 years$1,039$681$433$269$164$92
38 years$1,001$647$406$248$149$81
39 years$964$616$380$229$135$72
40 years$930$586$356$211$123$64
41 years$897$558$334$195$111$57
42 years$866$531$314$180$101$51
43 years$836$506$294$166$92$45
44 years$808$482$276$153$83$40
45 years$781$460$259$141$75$36
46 years$755$439$244$131$68$32
47 years$731$419$229$121$62$28
48 years$708$400$215$112$56$25
49 years$685$382$202$103$51$23
50 years$664$365$190$95$47$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $680,000, adding $6,272 every year, while hoping to spend $49,008 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: 63/7/30 Blend
50$680,000$680,000$680,000$680,000
51$755,830$719,790$709,250$796,996
52$780,780$702,915$680,865$808,835
53$806,633$683,571$649,888$815,887
54$833,429$661,585$616,178$822,555
55$861,210$636,774$579,591$828,813
56$890,022$608,945$539,976$834,630
57$919,913$577,893$497,175$839,976
58$950,935$543,400$451,021$844,820
59$983,144$505,240$401,343$849,130
60$1,016,596$463,168$347,960$852,873
61$1,051,356$416,930$290,683$856,015
62$1,087,489$366,255$229,317$858,522
63$1,125,069$310,857$163,654$860,359
64$1,164,171$250,435$93,482$861,492
65$1,204,879$184,668$18,576$861,885
66$1,247,280$113,221$0$861,503
67$1,291,471$35,737$0$879,952
68$1,337,554$0$0$905,177
69$1,385,639$0$0$934,983
70$1,435,847$0$0$968,989
71$1,488,304$0$0$1,004,531
72$1,543,152$0$0$1,041,704
73$1,600,540$0$0$1,080,613
74$1,660,631$0$0$1,121,368
75$1,723,602$0$0$1,164,093
76$1,789,643$0$0$1,208,918
77$1,858,963$0$0$1,255,987
78$1,931,788$0$0$1,305,455
79$2,008,361$0$0$1,357,493
80$2,088,950$0$0$1,412,282
81$2,173,845$0$0$1,470,025
82$2,263,362$0$0$1,530,938
83$2,357,845$0$0$1,595,260
84$2,457,669$0$0$1,663,251
85$2,563,243$0$0$1,735,192
86$2,675,015$0$0$1,811,394
87$2,793,474$0$0$1,892,193
88$2,919,151$0$0$1,977,959
89$3,052,631$0$0$2,069,095
90$3,194,552$0$0$2,166,043
91$3,345,611$0$0$2,269,285
92$3,506,572$0$0$2,379,350
93$3,678,272$0$0$2,496,818
94$3,861,627$0$0$2,622,323
95$4,057,641$0$0$2,756,561
96$4,267,417$0$0$2,900,294
97$4,492,160$0$0$3,054,359
98$4,733,195$0$0$3,219,672
99$4,991,975$0$0$3,397,241
100$5,270,095$0$0$3,588,171