Can I retire at age 51 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$56,484$55,981$55,490$55,011$54,543$54,086
2 years$27,962$27,442$26,937$26,448$25,973$25,512
3 years$18,456$17,933$17,430$16,945$16,478$16,028
4 years$13,704$13,183$12,685$12,208$11,752$11,317
5 years$10,854$10,336$9,844$9,377$8,934$8,514
6 years$8,954$8,440$7,955$7,499$7,069$6,665
7 years$7,598$7,088$6,611$6,165$5,749$5,361
8 years$6,581$6,075$5,606$5,172$4,769$4,397
9 years$5,790$5,290$4,829$4,405$4,017$3,660
10 years$5,158$4,663$4,210$3,797$3,422$3,082
11 years$4,642$4,151$3,706$3,305$2,943$2,619
12 years$4,211$3,726$3,289$2,899$2,551$2,241
13 years$3,848$3,367$2,939$2,559$2,224$1,930
14 years$3,536$3,060$2,640$2,272$1,950$1,670
15 years$3,266$2,796$2,384$2,026$1,717$1,451
16 years$3,030$2,565$2,161$1,814$1,517$1,265
17 years$2,823$2,362$1,967$1,630$1,345$1,106
18 years$2,638$2,183$1,795$1,469$1,196$970
19 years$2,473$2,023$1,644$1,327$1,066$853
20 years$2,325$1,880$1,508$1,202$952$751
21 years$2,191$1,751$1,388$1,091$852$662
22 years$2,069$1,635$1,279$992$764$585
23 years$1,958$1,529$1,181$903$686$517
24 years$1,857$1,432$1,092$824$616$458
25 years$1,763$1,344$1,011$752$555$406
26 years$1,678$1,263$938$688$500$360
27 years$1,598$1,189$871$630$450$319
28 years$1,524$1,120$810$577$406$284
29 years$1,456$1,057$754$529$367$252
30 years$1,392$998$702$486$332$224
31 years$1,333$944$654$446$300$199
32 years$1,277$893$611$410$271$177
33 years$1,225$846$570$377$245$158
34 years$1,176$801$533$347$222$141
35 years$1,130$760$498$319$201$125
36 years$1,086$721$466$294$182$112
37 years$1,045$685$436$271$165$99
38 years$1,007$651$408$250$150$89
39 years$970$619$383$230$136$79
40 years$935$589$359$212$123$71
41 years$902$561$336$196$112$63
42 years$871$534$315$181$101$56
43 years$841$509$296$167$92$50
44 years$813$485$278$154$84$45
45 years$786$463$261$142$76$40
46 years$760$441$245$131$69$36
47 years$735$421$230$121$63$32
48 years$712$402$216$112$57$28
49 years$689$384$203$104$52$25
50 years$668$367$191$96$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $684,000, adding $2,547 every year, while hoping to spend $25,851 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: 46/37/17 Blend
50$684,000$684,000$684,000$684,000
51$756,395$720,143$709,541$787,418
52$806,042$727,925$705,806$817,081
53$859,887$735,222$701,078$846,439
54$918,330$741,982$695,299$877,736
55$981,812$748,152$688,404$911,165
56$1,050,819$753,673$680,328$946,938
57$1,125,884$758,484$671,000$985,287
58$1,207,593$762,519$660,348$1,026,473
59$1,296,593$765,708$648,295$1,070,783
60$1,393,595$767,977$634,762$1,118,534
61$1,499,380$769,247$619,665$1,170,078
62$1,614,810$769,433$602,917$1,225,803
63$1,740,833$768,447$584,427$1,286,138
64$1,878,491$766,195$564,098$1,351,560
65$2,028,933$762,574$541,832$1,422,594
66$2,193,424$757,480$517,523$1,499,821
67$2,373,355$750,798$491,062$1,583,884
68$2,570,260$742,410$462,335$1,675,494
69$2,785,826$732,187$431,222$1,775,435
70$3,021,911$719,996$397,599$1,884,576
71$3,280,564$705,693$361,336$2,003,876
72$3,564,036$689,127$322,296$2,134,396
73$3,874,812$670,138$280,337$2,277,307
74$4,215,626$648,558$235,311$2,433,902
75$4,589,488$624,205$187,062$2,605,613
76$4,999,716$596,892$135,429$2,794,018
77$5,449,963$566,416$80,242$3,000,861
78$5,944,254$532,565$21,326$3,228,071
79$6,487,023$495,115$0$3,477,774
80$7,083,152$453,829$0$3,759,856
81$7,738,021$408,454$0$4,073,995
82$8,457,558$358,727$0$4,419,218
83$9,248,290$304,366$0$4,798,727
84$10,117,411$245,075$0$5,216,051
85$11,072,844$180,541$0$5,675,087
86$12,123,321$110,435$0$6,180,131
87$13,278,460$34,406$0$6,735,924
88$14,548,857$0$0$7,347,694
89$15,946,189$0$0$8,040,716
90$17,483,319$0$0$8,818,572
91$19,174,421$0$0$9,674,437
92$21,035,111$0$0$10,616,226
93$23,082,595$0$0$11,652,660
94$25,335,833$0$0$12,793,347
95$27,815,714$0$0$14,048,877
96$30,545,255$0$0$15,430,915
97$33,549,818$0$0$16,952,315
98$36,857,348$0$0$18,627,244
99$40,498,637$0$0$20,471,307
100$44,507,616$0$0$22,501,703