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%19.3%
1 years$56,567$56,063$55,571$55,091$54,623$52,580
2 years$28,003$27,482$26,976$26,486$26,011$23,976
3 years$18,483$17,960$17,455$16,970$16,502$14,540
4 years$13,724$13,202$12,703$12,226$11,770$9,894
5 years$10,870$10,351$9,858$9,391$8,947$7,164
6 years$8,967$8,452$7,967$7,510$7,080$5,389
7 years$7,609$7,098$6,620$6,174$5,758$4,160
8 years$6,591$6,084$5,615$5,179$4,776$3,270
9 years$5,799$5,298$4,836$4,412$4,022$2,605
10 years$5,166$4,670$4,216$3,803$3,427$2,097
11 years$4,649$4,157$3,712$3,310$2,948$1,701
12 years$4,218$3,731$3,294$2,903$2,554$1,388
13 years$3,853$3,372$2,943$2,563$2,227$1,138
14 years$3,541$3,065$2,644$2,275$1,953$937
15 years$3,271$2,800$2,387$2,029$1,719$774
16 years$3,035$2,569$2,165$1,817$1,519$641
17 years$2,827$2,366$1,970$1,632$1,347$532
18 years$2,642$2,186$1,798$1,471$1,198$442
19 years$2,477$2,026$1,646$1,329$1,068$368
20 years$2,328$1,883$1,511$1,204$954$307
21 years$2,194$1,754$1,390$1,093$853$256
22 years$2,072$1,637$1,281$993$765$213
23 years$1,961$1,531$1,182$905$687$178
24 years$1,859$1,434$1,094$825$617$149
25 years$1,766$1,346$1,013$754$555$125
26 years$1,680$1,265$939$689$500$104
27 years$1,600$1,191$872$631$451$87
28 years$1,527$1,122$811$578$407$73
29 years$1,458$1,058$755$530$368$61
30 years$1,394$1,000$703$486$332$51
31 years$1,335$945$655$447$300$43
32 years$1,279$894$611$410$272$36
33 years$1,227$847$571$377$246$30
34 years$1,178$803$533$347$223$25
35 years$1,131$761$499$320$202$21
36 years$1,088$722$467$294$183$18
37 years$1,047$686$437$271$166$15
38 years$1,008$652$409$250$150$12
39 years$971$620$383$231$136$10
40 years$937$590$359$213$123$9
41 years$903$562$337$196$112$7
42 years$872$535$316$181$102$6
43 years$842$510$296$167$92$5
44 years$814$486$278$154$84$4
45 years$787$463$261$143$76$4
46 years$761$442$245$132$69$3
47 years$736$422$230$122$63$3
48 years$713$403$217$112$57$2
49 years$690$384$204$104$52$2
50 years$669$367$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 $685,000, adding $5,031 every year, while hoping to spend $34,028 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: 80/7/13 Blend
50$685,000$685,000$685,000$685,000
51$760,059$723,754$713,137$818,563
52$801,380$723,013$700,822$856,983
53$845,775$721,095$686,953$894,219
54$893,521$717,906$671,444$934,099
55$944,925$713,347$654,201$976,874
56$1,000,320$707,314$635,129$1,022,816
57$1,060,073$699,694$614,127$1,072,229
58$1,124,591$690,368$591,090$1,125,447
59$1,194,315$679,212$565,908$1,182,836
60$1,269,734$666,092$538,464$1,244,801
61$1,351,384$650,868$508,640$1,311,790
62$1,439,854$633,390$476,309$1,384,293
63$1,535,794$613,500$441,340$1,462,853
64$1,639,915$591,032$403,595$1,548,069
65$1,753,002$565,808$362,931$1,640,599
66$1,875,917$537,642$319,198$1,741,169
67$2,009,608$506,334$272,239$1,850,581
68$2,155,120$471,677$221,891$1,969,717
69$2,313,602$433,448$167,983$2,099,552
70$2,486,316$391,413$110,338$2,241,157
71$2,674,653$345,326$48,767$2,395,718
72$2,880,145$294,925$0$2,564,537
73$3,104,477$239,933$0$2,751,403
74$3,349,503$180,059$0$2,962,923
75$3,617,266$114,995$0$3,194,103
76$3,910,013$44,416$0$3,446,901
77$4,230,219$0$0$3,723,474
78$4,580,610$0$0$4,028,664
79$4,964,186$0$0$4,366,523
80$5,384,253$0$0$4,736,542
81$5,844,448$0$0$5,141,928
82$6,348,780$0$0$5,586,215
83$6,901,662$0$0$6,073,293
84$7,507,954$0$0$6,607,448
85$8,173,012$0$0$7,193,399
86$8,902,733$0$0$7,836,344
87$9,703,611$0$0$8,542,011
88$10,582,801$0$0$9,316,705
89$11,548,186$0$0$10,167,376
90$12,608,447$0$0$11,101,677
91$13,773,149$0$0$12,128,039
92$15,052,828$0$0$13,255,751
93$16,459,090$0$0$14,495,045
94$18,004,724$0$0$15,857,195
95$19,703,817$0$0$17,354,618
96$21,571,890$0$0$19,000,999
97$23,626,042$0$0$20,811,410
98$25,885,112$0$0$22,802,462
99$28,369,858$0$0$24,992,452
100$31,103,149$0$0$27,401,541