Can I retire at age 51 with 685,000?

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 $685,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$56,567$56,063$55,571$55,091$54,623$53,023
2 years$28,003$27,482$26,976$26,486$26,011$24,412
3 years$18,483$17,960$17,455$16,970$16,502$14,955
4 years$13,724$13,202$12,703$12,226$11,770$10,285
5 years$10,870$10,351$9,858$9,391$8,947$7,529
6 years$8,967$8,452$7,967$7,510$7,080$5,730
7 years$7,609$7,098$6,620$6,174$5,758$4,476
8 years$6,591$6,084$5,615$5,179$4,776$3,563
9 years$5,799$5,298$4,836$4,412$4,022$2,875
10 years$5,166$4,670$4,216$3,803$3,427$2,345
11 years$4,649$4,157$3,712$3,310$2,948$1,928
12 years$4,218$3,731$3,294$2,903$2,554$1,595
13 years$3,853$3,372$2,943$2,563$2,227$1,327
14 years$3,541$3,065$2,644$2,275$1,953$1,109
15 years$3,271$2,800$2,387$2,029$1,719$929
16 years$3,035$2,569$2,165$1,817$1,519$781
17 years$2,827$2,366$1,970$1,632$1,347$658
18 years$2,642$2,186$1,798$1,471$1,198$556
19 years$2,477$2,026$1,646$1,329$1,068$470
20 years$2,328$1,883$1,511$1,204$954$398
21 years$2,194$1,754$1,390$1,093$853$338
22 years$2,072$1,637$1,281$993$765$286
23 years$1,961$1,531$1,182$905$687$243
24 years$1,859$1,434$1,094$825$617$207
25 years$1,766$1,346$1,013$754$555$176
26 years$1,680$1,265$939$689$500$150
27 years$1,600$1,191$872$631$451$127
28 years$1,527$1,122$811$578$407$108
29 years$1,458$1,058$755$530$368$92
30 years$1,394$1,000$703$486$332$79
31 years$1,335$945$655$447$300$67
32 years$1,279$894$611$410$272$57
33 years$1,227$847$571$377$246$49
34 years$1,178$803$533$347$223$42
35 years$1,131$761$499$320$202$35
36 years$1,088$722$467$294$183$30
37 years$1,047$686$437$271$166$26
38 years$1,008$652$409$250$150$22
39 years$971$620$383$231$136$19
40 years$937$590$359$213$123$16
41 years$903$562$337$196$112$14
42 years$872$535$316$181$102$12
43 years$842$510$296$167$92$10
44 years$814$486$278$154$84$8
45 years$787$463$261$143$76$7
46 years$761$442$245$132$69$6
47 years$736$422$230$122$63$5
48 years$713$403$217$112$57$4
49 years$690$384$204$104$52$4
50 years$669$367$191$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $685,000, adding $4,135 every year, while hoping to spend $20,781 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: 43/37/20 Blend
50$685,000$685,000$685,000$685,000
51$759,135$722,830$712,213$787,197
52$814,456$736,138$713,961$820,750
53$874,723$749,402$715,071$854,734
54$940,419$762,596$715,501$891,124
55$1,012,075$775,697$715,203$930,153
56$1,090,276$788,675$714,131$972,077
57$1,175,664$801,500$712,235$1,017,179
58$1,268,949$814,141$709,462$1,065,772
59$1,370,910$826,562$705,757$1,118,200
60$1,482,406$838,726$701,062$1,174,843
61$1,604,381$850,594$695,318$1,236,123
62$1,737,877$862,122$688,460$1,302,502
63$1,884,040$873,265$680,423$1,374,492
64$2,044,132$883,975$671,137$1,452,658
65$2,219,543$894,200$660,530$1,537,623
66$2,411,803$903,882$648,525$1,630,076
67$2,622,599$912,964$635,042$1,730,775
68$2,853,787$921,382$619,999$1,840,560
69$3,107,412$929,069$603,308$1,960,355
70$3,385,727$935,952$584,877$2,091,180
71$3,691,213$941,955$564,612$2,234,162
72$4,026,602$946,997$542,413$2,390,545
73$4,394,907$950,991$518,174$2,561,698
74$4,799,442$953,844$491,788$2,749,137
75$5,243,863$955,460$463,140$2,954,530
76$5,732,192$955,733$432,111$3,179,720
77$6,268,865$954,554$398,576$3,426,739
78$6,858,767$951,804$362,406$3,697,830
79$7,507,278$947,360$323,464$3,995,466
80$8,220,329$941,088$281,608$4,322,377
81$9,004,451$932,850$236,690$4,681,573
82$9,866,841$922,496$188,556$5,076,375
83$10,815,429$909,869$137,042$5,510,446
84$11,858,952$894,801$81,982$5,987,825
85$13,007,034$877,116$23,198$6,512,970
86$14,270,283$856,626$0$7,090,795
87$15,660,384$833,133$0$7,735,158
88$17,190,213$806,426$0$8,449,433
89$18,873,958$776,284$0$9,235,299
90$20,727,250$742,470$0$10,100,073
91$22,767,315$704,736$0$11,051,820
92$25,013,131$662,819$0$12,099,432
93$27,485,613$616,440$0$13,252,708
94$30,207,804$565,303$0$14,522,455
95$33,205,096$509,100$0$15,920,584
96$36,505,469$447,499$0$17,460,225
97$40,139,754$380,153$0$19,155,852
98$44,141,924$306,695$0$21,023,421
99$48,549,414$226,738$0$23,080,520
100$53,403,477$139,870$0$25,346,537