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%11.6%
1 years$56,567$56,063$55,571$55,091$54,623$54,256
2 years$28,003$27,482$26,976$26,486$26,011$25,641
3 years$18,483$17,960$17,455$16,970$16,502$16,141
4 years$13,724$13,202$12,703$12,226$11,770$11,419
5 years$10,870$10,351$9,858$9,391$8,947$8,609
6 years$8,967$8,452$7,967$7,510$7,080$6,754
7 years$7,609$7,098$6,620$6,174$5,758$5,444
8 years$6,591$6,084$5,615$5,179$4,776$4,476
9 years$5,799$5,298$4,836$4,412$4,022$3,735
10 years$5,166$4,670$4,216$3,803$3,427$3,152
11 years$4,649$4,157$3,712$3,310$2,948$2,685
12 years$4,218$3,731$3,294$2,903$2,554$2,303
13 years$3,853$3,372$2,943$2,563$2,227$1,988
14 years$3,541$3,065$2,644$2,275$1,953$1,725
15 years$3,271$2,800$2,387$2,029$1,719$1,503
16 years$3,035$2,569$2,165$1,817$1,519$1,314
17 years$2,827$2,366$1,970$1,632$1,347$1,153
18 years$2,642$2,186$1,798$1,471$1,198$1,013
19 years$2,477$2,026$1,646$1,329$1,068$893
20 years$2,328$1,883$1,511$1,204$954$789
21 years$2,194$1,754$1,390$1,093$853$698
22 years$2,072$1,637$1,281$993$765$618
23 years$1,961$1,531$1,182$905$687$548
24 years$1,859$1,434$1,094$825$617$487
25 years$1,766$1,346$1,013$754$555$433
26 years$1,680$1,265$939$689$500$385
27 years$1,600$1,191$872$631$451$343
28 years$1,527$1,122$811$578$407$305
29 years$1,458$1,058$755$530$368$272
30 years$1,394$1,000$703$486$332$243
31 years$1,335$945$655$447$300$217
32 years$1,279$894$611$410$272$194
33 years$1,227$847$571$377$246$173
34 years$1,178$803$533$347$223$154
35 years$1,131$761$499$320$202$138
36 years$1,088$722$467$294$183$123
37 years$1,047$686$437$271$166$110
38 years$1,008$652$409$250$150$99
39 years$971$620$383$231$136$88
40 years$937$590$359$213$123$79
41 years$903$562$337$196$112$71
42 years$872$535$316$181$102$63
43 years$842$510$296$167$92$57
44 years$814$486$278$154$84$51
45 years$787$463$261$143$76$45
46 years$761$442$245$132$69$41
47 years$736$422$230$122$63$36
48 years$713$403$217$112$57$33
49 years$690$384$204$104$52$29
50 years$669$367$191$96$47$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $685,000, adding $5,255 every year, while hoping to spend $36,035 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: 66/25/9 Blend
50$685,000$685,000$685,000$685,000
51$760,291$723,986$713,368$808,746
52$799,499$721,120$698,925$838,782
53$841,499$716,906$682,790$866,824
54$886,538$711,240$664,869$896,531
55$934,885$704,011$645,063$928,063
56$986,839$695,103$623,267$961,596
57$1,042,724$684,390$599,375$997,324
58$1,102,899$671,743$573,271$1,035,462
59$1,167,757$657,021$544,838$1,076,249
60$1,237,731$640,077$513,952$1,119,950
61$1,313,293$620,755$480,484$1,166,856
62$1,394,967$598,890$444,298$1,217,290
63$1,483,324$574,306$405,253$1,271,612
64$1,578,995$546,819$363,200$1,330,215
65$1,682,673$516,233$317,987$1,393,540
66$1,795,117$482,341$269,452$1,462,070
67$1,917,167$444,923$217,427$1,536,341
68$2,049,743$403,749$161,735$1,616,947
69$2,193,857$358,573$102,194$1,704,542
70$2,350,626$309,138$38,612$1,799,854
71$2,521,273$255,170$0$1,903,682
72$2,707,150$196,380$0$2,019,722
73$2,909,741$132,464$0$2,150,284
74$3,130,679$63,099$0$2,292,762
75$3,371,763$0$0$2,448,374
76$3,634,974$0$0$2,621,781
77$3,922,489$0$0$2,830,204
78$4,236,709$0$0$3,058,027
79$4,580,274$0$0$3,307,171
80$4,956,092$0$0$3,579,750
81$5,367,366$0$0$3,878,093
82$5,817,621$0$0$4,204,763
83$6,310,739$0$0$4,562,583
84$6,850,997$0$0$4,954,662
85$7,443,103$0$0$5,384,424
86$8,092,243$0$0$5,855,640
87$8,804,128$0$0$6,372,463
88$9,585,049$0$0$6,939,467
89$10,441,936$0$0$7,561,692
90$11,382,420$0$0$8,244,688
91$12,414,910$0$0$8,994,568
92$13,548,664$0$0$9,818,066
93$14,793,886$0$0$10,722,603
94$16,161,813$0$0$11,716,349
95$17,664,826$0$0$12,808,308
96$19,316,563$0$0$14,008,400
97$21,132,050$0$0$15,327,551
98$23,127,840$0$0$16,777,799
99$25,322,171$0$0$18,372,408
100$27,735,135$0$0$20,125,991