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%15.2%
1 years$56,319$55,817$55,328$54,850$54,384$53,220
2 years$27,881$27,361$26,858$26,370$25,897$24,731
3 years$18,402$17,881$17,379$16,896$16,430$15,297
4 years$13,664$13,144$12,647$12,172$11,718$10,627
5 years$10,822$10,305$9,815$9,350$8,908$7,862
6 years$8,928$8,415$7,932$7,477$7,049$6,049
7 years$7,576$7,067$6,591$6,147$5,732$4,779
8 years$6,562$6,058$5,590$5,157$4,756$3,849
9 years$5,774$5,274$4,815$4,392$4,005$3,144
10 years$5,143$4,649$4,198$3,786$3,412$2,596
11 years$4,628$4,139$3,696$3,295$2,935$2,162
12 years$4,199$3,715$3,280$2,890$2,543$1,813
13 years$3,836$3,357$2,930$2,552$2,218$1,528
14 years$3,526$3,051$2,633$2,265$1,944$1,294
15 years$3,257$2,788$2,377$2,020$1,712$1,100
16 years$3,022$2,558$2,155$1,809$1,513$938
17 years$2,814$2,355$1,961$1,625$1,341$802
18 years$2,630$2,177$1,790$1,465$1,193$687
19 years$2,466$2,017$1,639$1,323$1,063$590
20 years$2,318$1,874$1,504$1,199$950$507
21 years$2,184$1,746$1,383$1,088$850$437
22 years$2,063$1,630$1,275$989$762$376
23 years$1,952$1,524$1,177$901$684$325
24 years$1,851$1,428$1,089$822$615$280
25 years$1,758$1,340$1,008$750$553$242
26 years$1,673$1,260$935$686$498$210
27 years$1,593$1,185$868$628$449$181
28 years$1,520$1,117$807$575$405$157
29 years$1,452$1,054$751$528$366$136
30 years$1,388$995$700$484$331$118
31 years$1,329$941$652$445$299$102
32 years$1,273$890$609$409$270$88
33 years$1,221$843$568$376$245$77
34 years$1,172$799$531$346$222$66
35 years$1,127$758$497$318$201$58
36 years$1,083$719$464$293$182$50
37 years$1,042$683$435$270$165$43
38 years$1,004$649$407$249$149$38
39 years$967$617$381$230$135$33
40 years$932$587$358$212$123$28
41 years$900$559$335$195$111$25
42 years$868$533$314$180$101$21
43 years$839$507$295$166$92$18
44 years$810$484$277$154$83$16
45 years$783$461$260$142$76$14
46 years$758$440$244$131$69$12
47 years$733$420$229$121$62$10
48 years$710$401$216$112$57$9
49 years$687$383$203$103$51$8
50 years$666$366$191$96$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $682,000, adding $5,819 every year, while hoping to spend $40,670 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: 37/36/27 Blend
50$682,000$682,000$682,000$682,000
51$757,566$721,420$710,849$779,299
52$791,565$713,497$691,390$787,915
53$827,670$703,823$669,916$793,078
54$866,050$692,269$646,317$797,869
55$906,895$678,698$620,476$802,281
56$950,411$662,966$592,274$806,310
57$996,821$644,920$561,584$809,954
58$1,046,374$624,399$528,275$813,217
59$1,099,340$601,229$492,207$816,105
60$1,156,014$575,231$453,238$818,630
61$1,216,722$546,212$411,216$820,811
62$1,281,821$513,970$365,984$822,673
63$1,351,701$478,288$317,379$824,248
64$1,426,791$438,941$265,228$825,577
65$1,507,563$395,688$209,352$826,712
66$1,594,533$348,276$149,565$827,717
67$1,688,271$296,437$85,670$828,667
68$1,789,399$239,887$17,464$829,653
69$1,898,603$178,327$0$830,782
70$2,016,637$111,441$0$848,118
71$2,144,328$38,895$0$872,275
72$2,282,586$0$0$898,455
73$2,432,412$0$0$942,635
74$2,594,905$0$0$1,007,342
75$2,771,277$0$0$1,077,659
76$2,962,856$0$0$1,154,126
77$3,171,108$0$0$1,237,339
78$3,397,641$0$0$1,327,952
79$3,644,227$0$0$1,426,687
80$3,912,816$0$0$1,534,337
81$4,205,553$0$0$1,651,773
82$4,524,799$0$0$1,779,958
83$4,873,151$0$0$1,919,948
84$5,253,470$0$0$2,072,908
85$5,668,905$0$0$2,240,119
86$6,122,920$0$0$2,422,993
87$6,619,332$0$0$2,623,083
88$7,162,343$0$0$2,842,100
89$7,756,577$0$0$3,081,927
90$8,407,129$0$0$3,344,640
91$9,119,608$0$0$3,632,523
92$9,900,191$0$0$3,948,091
93$10,755,680$0$0$4,294,117
94$11,693,568$0$0$4,673,652
95$12,722,105$0$0$5,090,058
96$13,850,381$0$0$5,547,038
97$15,088,406$0$0$6,048,671
98$16,447,206$0$0$6,599,448
99$17,938,926$0$0$7,204,320
100$19,576,947$0$0$7,868,738