Can I retire at age 51 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$56,236$55,735$55,247$54,770$54,304$53,382
2 years$27,840$27,321$26,819$26,332$25,859$24,933
3 years$18,375$17,855$17,354$16,871$16,406$15,505
4 years$13,644$13,125$12,629$12,155$11,701$10,832
5 years$10,806$10,290$9,801$9,336$8,895$8,060
6 years$8,915$8,403$7,920$7,466$7,038$6,238
7 years$7,564$7,057$6,582$6,138$5,724$4,960
8 years$6,552$6,049$5,582$5,149$4,749$4,019
9 years$5,765$5,267$4,808$4,386$3,999$3,305
10 years$5,136$4,642$4,191$3,781$3,407$2,747
11 years$4,621$4,133$3,690$3,290$2,930$2,304
12 years$4,193$3,709$3,275$2,886$2,539$1,946
13 years$3,831$3,352$2,926$2,548$2,214$1,652
14 years$3,521$3,047$2,629$2,262$1,941$1,410
15 years$3,252$2,783$2,374$2,017$1,709$1,208
16 years$3,017$2,554$2,152$1,806$1,511$1,038
17 years$2,810$2,352$1,958$1,623$1,339$894
18 years$2,626$2,173$1,788$1,462$1,191$773
19 years$2,462$2,014$1,636$1,321$1,061$669
20 years$2,315$1,872$1,502$1,197$948$580
21 years$2,181$1,743$1,381$1,086$848$503
22 years$2,060$1,627$1,273$988$761$437
23 years$1,950$1,522$1,176$899$683$381
24 years$1,849$1,426$1,087$820$614$331
25 years$1,756$1,338$1,007$749$552$289
26 years$1,670$1,258$934$685$497$252
27 years$1,591$1,184$867$627$448$220
28 years$1,518$1,115$806$574$405$192
29 years$1,450$1,052$750$527$365$168
30 years$1,386$994$699$483$330$147
31 years$1,327$939$651$444$298$128
32 years$1,272$889$608$408$270$112
33 years$1,220$842$568$375$244$98
34 years$1,171$798$530$345$221$86
35 years$1,125$757$496$318$200$75
36 years$1,082$718$464$293$182$66
37 years$1,041$682$434$270$165$58
38 years$1,002$648$407$249$149$50
39 years$966$616$381$229$135$44
40 years$931$587$357$211$123$39
41 years$898$558$335$195$111$34
42 years$867$532$314$180$101$30
43 years$837$507$295$166$92$26
44 years$809$483$277$153$83$23
45 years$782$461$260$142$76$20
46 years$757$439$244$131$69$17
47 years$732$419$229$121$62$15
48 years$709$400$215$112$57$13
49 years$686$382$202$103$51$12
50 years$665$365$190$95$47$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $681,000, adding $3,162 every year, while hoping to spend $21,158 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: 81/12/7 Blend
50$681,000$681,000$681,000$681,000
51$753,724$717,631$707,075$813,981
52$808,091$730,283$708,250$866,530
53$867,296$742,845$708,755$921,059
54$931,807$755,292$708,546$980,262
55$1,002,145$767,594$707,576$1,044,593
56$1,078,878$779,721$705,794$1,114,555
57$1,162,636$791,640$703,150$1,190,701
58$1,254,108$803,314$699,589$1,273,638
59$1,354,057$814,706$695,055$1,364,038
60$1,463,319$825,775$689,488$1,462,639
61$1,582,818$836,478$682,826$1,570,253
62$1,713,567$846,767$675,003$1,687,777
63$1,856,687$856,594$665,951$1,816,198
64$2,013,407$865,905$655,598$1,956,604
65$2,185,083$874,644$643,870$2,110,190
66$2,373,209$882,749$630,687$2,278,279
67$2,579,430$890,157$615,968$2,462,322
68$2,805,556$896,799$599,627$2,663,923
69$3,053,581$902,601$581,574$2,884,846
70$3,325,704$907,486$561,714$3,127,036
71$3,624,345$911,371$539,950$3,392,635
72$3,952,168$914,169$516,179$3,684,006
73$4,312,111$915,785$490,292$4,003,748
74$4,707,408$916,119$462,178$4,354,730
75$5,141,622$915,068$431,720$4,740,109
76$5,618,678$912,517$398,794$5,163,368
77$6,142,902$908,349$363,272$5,628,342
78$6,719,057$902,437$325,020$6,139,257
79$7,352,391$894,647$283,899$6,700,773
80$8,048,687$884,837$239,762$7,318,022
81$8,814,316$872,857$192,456$7,996,660
82$9,656,295$858,546$141,823$8,742,922
83$10,582,359$841,736$87,695$9,563,676
84$11,601,026$822,247$29,899$10,466,492
85$12,721,684$799,891$0$11,459,714
86$13,954,675$774,465$0$12,554,907
87$15,311,397$745,758$0$13,762,368
88$16,804,404$713,545$0$15,091,040
89$18,447,532$677,588$0$16,553,243
90$20,256,025$637,635$0$18,162,552
91$22,246,681$593,420$0$19,933,928
92$24,438,006$544,661$0$21,883,855
93$26,850,394$491,061$0$24,030,499
94$29,506,317$432,306$0$26,393,880
95$32,430,535$368,063$0$28,996,057
96$35,650,333$297,981$0$31,861,340
97$39,195,775$221,690$0$35,016,520
98$43,099,988$138,797$0$38,491,117
99$47,399,478$48,889$0$42,317,665
100$52,134,469$0$0$46,532,014