Can I retire at age 51 with 686,000?

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 $686,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$56,649$56,145$55,652$55,172$54,703$52,615
2 years$28,044$27,522$27,016$26,525$26,049$23,971
3 years$18,510$17,986$17,481$16,995$16,526$14,522
4 years$13,744$13,222$12,722$12,244$11,787$9,872
5 years$10,886$10,366$9,873$9,404$8,960$7,140
6 years$8,980$8,464$7,978$7,521$7,090$5,366
7 years$7,620$7,108$6,630$6,183$5,766$4,137
8 years$6,600$6,093$5,623$5,187$4,783$3,248
9 years$5,807$5,305$4,843$4,418$4,028$2,585
10 years$5,174$4,676$4,222$3,808$3,432$2,078
11 years$4,655$4,163$3,717$3,315$2,952$1,683
12 years$4,224$3,737$3,299$2,907$2,558$1,372
13 years$3,859$3,377$2,947$2,567$2,231$1,123
14 years$3,546$3,069$2,648$2,278$1,955$923
15 years$3,276$2,804$2,391$2,032$1,722$762
16 years$3,039$2,573$2,168$1,819$1,522$630
17 years$2,831$2,369$1,973$1,635$1,349$522
18 years$2,646$2,189$1,801$1,473$1,200$433
19 years$2,480$2,029$1,648$1,331$1,069$360
20 years$2,331$1,885$1,513$1,206$955$299
21 years$2,197$1,756$1,392$1,094$855$249
22 years$2,075$1,639$1,283$995$766$208
23 years$1,964$1,533$1,184$906$688$173
24 years$1,862$1,437$1,095$826$618$145
25 years$1,769$1,348$1,014$755$556$121
26 years$1,682$1,267$941$690$501$101
27 years$1,603$1,192$874$632$452$84
28 years$1,529$1,124$812$579$408$70
29 years$1,460$1,060$756$531$368$59
30 years$1,396$1,001$704$487$333$49
31 years$1,337$946$656$447$301$41
32 years$1,281$895$612$411$272$34
33 years$1,229$848$572$378$246$29
34 years$1,179$804$534$348$223$24
35 years$1,133$762$499$320$202$20
36 years$1,090$724$467$295$183$17
37 years$1,048$687$437$272$166$14
38 years$1,010$653$409$250$150$12
39 years$973$621$384$231$136$10
40 years$938$591$360$213$124$8
41 years$905$562$337$196$112$7
42 years$873$536$316$181$102$6
43 years$844$510$297$167$92$5
44 years$815$486$279$155$84$4
45 years$788$464$262$143$76$3
46 years$762$443$246$132$69$3
47 years$737$422$231$122$63$2
48 years$714$403$217$113$57$2
49 years$691$385$204$104$52$2
50 years$670$368$192$96$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $686,000, adding $6,164 every year, while hoping to spend $38,417 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: 75/12/13 Blend
50$686,000$686,000$686,000$686,000
51$762,330$725,972$715,339$817,009
52$799,212$720,669$698,428$848,650
53$838,569$713,819$679,662$877,906
54$880,612$705,305$658,940$908,914
55$925,573$695,004$636,153$941,835
56$973,708$682,785$611,190$976,848
57$1,025,294$668,510$583,933$1,014,152
58$1,080,639$652,031$554,259$1,053,964
59$1,140,078$633,195$522,041$1,096,524
60$1,203,979$611,835$487,143$1,142,101
61$1,272,749$587,779$449,426$1,190,986
62$1,346,831$560,842$408,743$1,243,506
63$1,426,714$530,829$364,942$1,300,018
64$1,512,933$497,534$317,863$1,360,919
65$1,606,079$460,740$267,338$1,426,647
66$1,706,799$420,216$213,193$1,497,683
67$1,815,805$375,719$155,247$1,574,562
68$1,933,879$326,991$93,310$1,657,872
69$2,061,881$273,760$27,183$1,748,265
70$2,200,759$215,740$0$1,846,457
71$2,351,551$152,627$0$1,959,261
72$2,515,404$84,100$0$2,085,948
73$2,693,575$9,820$0$2,223,743
74$2,887,450$0$0$2,373,744
75$3,098,553$0$0$2,546,481
76$3,328,561$0$0$2,736,127
77$3,579,319$0$0$2,942,908
78$3,852,859$0$0$3,168,504
79$4,151,416$0$0$3,414,761
80$4,477,451$0$0$3,683,713
81$4,833,674$0$0$3,977,598
82$5,223,066$0$0$4,298,882
83$5,648,911$0$0$4,650,276
84$6,114,825$0$0$5,034,770
85$6,624,788$0$0$5,455,652
86$7,183,185$0$0$5,916,545
87$7,794,842$0$0$6,421,438
88$8,465,075$0$0$6,974,725
89$9,199,741$0$0$7,581,244
90$10,005,285$0$0$8,246,322
91$10,888,811$0$0$8,975,831
92$11,858,141$0$0$9,776,233
93$12,921,890$0$0$10,654,649
94$14,089,550$0$0$11,618,924
95$15,371,575$0$0$12,677,695
96$16,779,480$0$0$13,840,481
97$18,325,951$0$0$15,117,765
98$20,024,964$0$0$16,521,097
99$21,891,914$0$0$18,063,201
100$23,943,761$0$0$19,758,093