Can I retire at age 51 with 685,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.4%
1 years$56,567$56,063$55,571$55,091$54,623$53,194
2 years$28,003$27,482$26,976$26,486$26,011$24,582
3 years$18,483$17,960$17,455$16,970$16,502$15,117
4 years$13,724$13,202$12,703$12,226$11,770$10,438
5 years$10,870$10,351$9,858$9,391$8,947$7,674
6 years$8,967$8,452$7,967$7,510$7,080$5,866
7 years$7,609$7,098$6,620$6,174$5,758$4,603
8 years$6,591$6,084$5,615$5,179$4,776$3,681
9 years$5,799$5,298$4,836$4,412$4,022$2,985
10 years$5,166$4,670$4,216$3,803$3,427$2,446
11 years$4,649$4,157$3,712$3,310$2,948$2,022
12 years$4,218$3,731$3,294$2,903$2,554$1,682
13 years$3,853$3,372$2,943$2,563$2,227$1,407
14 years$3,541$3,065$2,644$2,275$1,953$1,182
15 years$3,271$2,800$2,387$2,029$1,719$996
16 years$3,035$2,569$2,165$1,817$1,519$842
17 years$2,827$2,366$1,970$1,632$1,347$714
18 years$2,642$2,186$1,798$1,471$1,198$606
19 years$2,477$2,026$1,646$1,329$1,068$516
20 years$2,328$1,883$1,511$1,204$954$440
21 years$2,194$1,754$1,390$1,093$853$375
22 years$2,072$1,637$1,281$993$765$320
23 years$1,961$1,531$1,182$905$687$274
24 years$1,859$1,434$1,094$825$617$234
25 years$1,766$1,346$1,013$754$555$200
26 years$1,680$1,265$939$689$500$172
27 years$1,600$1,191$872$631$451$147
28 years$1,527$1,122$811$578$407$126
29 years$1,458$1,058$755$530$368$108
30 years$1,394$1,000$703$486$332$93
31 years$1,335$945$655$447$300$79
32 years$1,279$894$611$410$272$68
33 years$1,227$847$571$377$246$59
34 years$1,178$803$533$347$223$50
35 years$1,131$761$499$320$202$43
36 years$1,088$722$467$294$183$37
37 years$1,047$686$437$271$166$32
38 years$1,008$652$409$250$150$27
39 years$971$620$383$231$136$23
40 years$937$590$359$213$123$20
41 years$903$562$337$196$112$17
42 years$872$535$316$181$102$15
43 years$842$510$296$167$92$13
44 years$814$486$278$154$84$11
45 years$787$463$261$143$76$9
46 years$761$442$245$132$69$8
47 years$736$422$230$122$63$7
48 years$713$403$217$112$57$6
49 years$690$384$204$104$52$5
50 years$669$367$191$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $685,000, adding $2,310 every year, while hoping to spend $52,128 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: 39/38/23 Blend
50$685,000$685,000$685,000$685,000
51$757,253$720,948$710,330$781,528
52$779,029$700,810$678,663$779,156
53$801,279$677,939$644,187$771,522
54$823,996$652,145$606,754$762,225
55$847,172$623,228$566,208$751,143
56$870,794$590,977$522,387$738,150
57$894,848$555,168$475,120$723,108
58$919,315$515,564$424,229$705,875
59$944,173$471,914$369,528$686,295
60$969,396$423,955$310,825$664,208
61$994,953$371,408$247,916$639,439
62$1,020,806$313,975$180,590$611,806
63$1,046,915$251,346$108,626$581,113
64$1,073,229$183,191$31,794$547,153
65$1,099,692$109,161$0$509,707
66$1,126,240$28,890$0$480,859
67$1,152,799$0$0$457,170
68$1,179,285$0$0$454,886
69$1,205,602$0$0$464,561
70$1,231,644$0$0$474,065
71$1,257,289$0$0$483,346
72$1,282,401$0$0$492,342
73$1,306,825$0$0$500,987
74$1,330,389$0$0$509,203
75$1,352,901$0$0$516,907
76$1,374,143$0$0$524,004
77$1,393,874$0$0$530,386
78$1,411,823$0$0$535,938
79$1,427,691$0$0$540,526
80$1,441,141$0$0$544,005
81$1,451,799$0$0$546,212
82$1,459,250$0$0$546,965
83$1,463,031$0$0$546,064
84$1,462,628$0$0$543,285
85$1,457,470$0$0$538,381
86$1,446,925$0$0$531,076
87$1,430,289$0$0$521,067
88$1,406,783$0$0$508,014
89$1,375,543$0$0$491,546
90$1,335,613$0$0$471,246
91$1,285,933$0$0$446,657
92$1,225,329$0$0$417,271
93$1,152,502$0$0$382,527
94$1,066,016$0$0$341,804
95$964,282$0$0$294,416
96$845,541$0$0$239,603
97$707,849$0$0$176,526
98$549,059$0$0$104,259
99$366,797$0$0$21,777
100$158,438$0$0$0