Can I retire at age 51 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$56,319$55,817$55,328$54,850$54,384$52,350
2 years$27,881$27,361$26,858$26,370$25,897$23,871
3 years$18,402$17,881$17,379$16,896$16,430$14,476
4 years$13,664$13,144$12,647$12,172$11,718$9,851
5 years$10,822$10,305$9,815$9,350$8,908$7,132
6 years$8,928$8,415$7,932$7,477$7,049$5,366
7 years$7,576$7,067$6,591$6,147$5,732$4,142
8 years$6,562$6,058$5,590$5,157$4,756$3,256
9 years$5,774$5,274$4,815$4,392$4,005$2,594
10 years$5,143$4,649$4,198$3,786$3,412$2,088
11 years$4,628$4,139$3,696$3,295$2,935$1,693
12 years$4,199$3,715$3,280$2,890$2,543$1,382
13 years$3,836$3,357$2,930$2,552$2,218$1,133
14 years$3,526$3,051$2,633$2,265$1,944$933
15 years$3,257$2,788$2,377$2,020$1,712$771
16 years$3,022$2,558$2,155$1,809$1,513$638
17 years$2,814$2,355$1,961$1,625$1,341$529
18 years$2,630$2,177$1,790$1,465$1,193$440
19 years$2,466$2,017$1,639$1,323$1,063$366
20 years$2,318$1,874$1,504$1,199$950$305
21 years$2,184$1,746$1,383$1,088$850$255
22 years$2,063$1,630$1,275$989$762$213
23 years$1,952$1,524$1,177$901$684$178
24 years$1,851$1,428$1,089$822$615$148
25 years$1,758$1,340$1,008$750$553$124
26 years$1,673$1,260$935$686$498$104
27 years$1,593$1,185$868$628$449$87
28 years$1,520$1,117$807$575$405$73
29 years$1,452$1,054$751$528$366$61
30 years$1,388$995$700$484$331$51
31 years$1,329$941$652$445$299$43
32 years$1,273$890$609$409$270$36
33 years$1,221$843$568$376$245$30
34 years$1,172$799$531$346$222$25
35 years$1,127$758$497$318$201$21
36 years$1,083$719$464$293$182$18
37 years$1,042$683$435$270$165$15
38 years$1,004$649$407$249$149$12
39 years$967$617$381$230$135$10
40 years$932$587$358$212$123$9
41 years$900$559$335$195$111$7
42 years$868$533$314$180$101$6
43 years$839$507$295$166$92$5
44 years$810$484$277$154$83$4
45 years$783$461$260$142$76$4
46 years$758$440$244$131$69$3
47 years$733$420$229$121$62$3
48 years$710$401$216$112$57$2
49 years$687$383$203$103$51$2
50 years$666$366$191$96$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $682,000, adding $2,464 every year, while hoping to spend $42,343 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: 42/36/22 Blend
50$682,000$682,000$682,000$682,000
51$754,106$717,960$707,389$780,827
52$785,972$708,087$686,034$790,221
53$819,669$696,311$662,544$796,126
54$855,340$682,495$636,803$801,665
55$893,139$666,492$608,691$806,827
56$933,236$648,147$578,079$811,603
57$975,816$627,296$544,835$815,987
58$1,021,082$603,767$508,820$819,977
59$1,069,256$577,375$469,889$823,571
60$1,120,581$547,927$427,890$826,776
61$1,175,322$515,217$382,666$829,600
62$1,233,770$479,028$334,051$832,060
63$1,296,245$439,130$281,872$834,176
64$1,363,096$395,282$225,949$835,979
65$1,434,707$347,226$166,093$837,506
66$1,511,498$294,691$102,109$838,804
67$1,593,932$237,392$33,790$839,934
68$1,682,513$175,024$0$840,966
69$1,777,799$107,270$0$851,170
70$1,880,400$33,792$0$870,526
71$1,990,986$0$0$891,269
72$2,110,293$0$0$931,729
73$2,239,131$0$0$989,943
74$2,378,389$0$0$1,052,934
75$2,529,043$0$0$1,121,155
76$2,692,167$0$0$1,195,100
77$2,868,943$0$0$1,275,314
78$3,060,669$0$0$1,362,397
79$3,268,772$0$0$1,457,008
80$3,494,822$0$0$1,559,872
81$3,740,548$0$0$1,671,787
82$4,007,850$0$0$1,793,631
83$4,298,817$0$0$1,926,370
84$4,615,752$0$0$2,071,066
85$4,961,186$0$0$2,228,890
86$5,337,904$0$0$2,401,129
87$5,748,974$0$0$2,589,200
88$6,197,772$0$0$2,794,664
89$6,688,012$0$0$3,019,239
90$7,223,786$0$0$3,264,815
91$7,809,597$0$0$3,533,475
92$8,450,404$0$0$3,827,510
93$9,151,666$0$0$4,149,447
94$9,919,396$0$0$4,502,064
95$10,760,213$0$0$4,888,424
96$11,681,409$0$0$5,311,897
97$12,691,011$0$0$5,776,198
98$13,797,864$0$0$6,285,415
99$15,011,704$0$0$6,844,054
100$16,343,260$0$0$7,457,077