Can I retire at age 51 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$56,732$56,226$55,733$55,252$54,782$53,436
2 years$28,085$27,562$27,055$26,564$26,087$24,739
3 years$18,537$18,012$17,506$17,020$16,551$15,243
4 years$13,764$13,241$12,740$12,262$11,804$10,547
5 years$10,901$10,381$9,887$9,418$8,973$7,770
6 years$8,993$8,477$7,990$7,532$7,100$5,952
7 years$7,631$7,119$6,640$6,192$5,774$4,682
8 years$6,610$6,102$5,631$5,195$4,790$3,753
9 years$5,816$5,313$4,850$4,425$4,034$3,050
10 years$5,181$4,683$4,228$3,814$3,437$2,506
11 years$4,662$4,169$3,723$3,319$2,956$2,077
12 years$4,230$3,742$3,304$2,912$2,562$1,732
13 years$3,864$3,382$2,952$2,570$2,234$1,453
14 years$3,552$3,074$2,652$2,282$1,958$1,224
15 years$3,281$2,808$2,394$2,035$1,724$1,034
16 years$3,044$2,576$2,171$1,822$1,524$877
17 years$2,835$2,373$1,975$1,637$1,351$746
18 years$2,649$2,192$1,803$1,475$1,201$635
19 years$2,484$2,032$1,651$1,333$1,071$542
20 years$2,335$1,888$1,515$1,207$956$463
21 years$2,200$1,759$1,394$1,096$856$396
22 years$2,078$1,642$1,284$996$767$339
23 years$1,967$1,535$1,186$907$689$291
24 years$1,865$1,439$1,097$828$619$250
25 years$1,771$1,350$1,016$756$557$214
26 years$1,685$1,269$942$691$502$184
27 years$1,605$1,194$875$633$452$158
28 years$1,531$1,125$813$580$408$136
29 years$1,462$1,062$757$531$369$117
30 years$1,398$1,003$705$488$333$101
31 years$1,339$948$657$448$301$87
32 years$1,283$897$613$412$272$75
33 years$1,230$849$573$379$246$64
34 years$1,181$805$535$348$223$55
35 years$1,135$763$500$321$202$48
36 years$1,091$725$468$295$183$41
37 years$1,050$688$438$272$166$35
38 years$1,011$654$410$251$150$30
39 years$974$622$384$231$136$26
40 years$939$592$360$213$124$23
41 years$906$563$338$197$112$20
42 years$875$536$317$182$102$17
43 years$845$511$297$168$92$14
44 years$816$487$279$155$84$12
45 years$789$465$262$143$76$11
46 years$763$443$246$132$69$9
47 years$739$423$231$122$63$8
48 years$715$404$217$113$57$7
49 years$692$386$204$104$52$6
50 years$671$368$192$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $687,000, adding $3,187 every year, while hoping to spend $44,465 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: 29/44/27 Blend
50$687,000$687,000$687,000$687,000
51$760,361$723,950$713,302$775,988
52$790,608$712,114$689,887$776,702
53$822,449$698,206$664,198$773,381
54$856,001$682,081$636,110$768,915
55$891,390$663,579$605,496$763,238
56$928,752$642,535$572,221$756,278
57$968,239$618,773$536,145$747,964
58$1,010,012$592,107$497,119$738,221
59$1,054,252$562,338$454,991$726,971
60$1,101,153$529,260$409,600$714,137
61$1,150,927$492,650$360,778$699,638
62$1,203,808$452,277$308,351$683,392
63$1,260,051$407,893$252,135$665,316
64$1,319,935$359,238$191,940$645,326
65$1,383,764$306,037$127,566$623,336
66$1,451,874$247,998$58,806$599,261
67$1,524,631$184,816$0$573,016
68$1,602,435$116,164$0$548,716
69$1,685,728$41,700$0$540,429
70$1,774,992$0$0$531,185
71$1,870,756$0$0$539,827
72$1,973,602$0$0$570,866
73$2,084,167$0$0$604,315
74$2,203,151$0$0$640,395
75$2,331,323$0$0$679,350
76$2,469,527$0$0$721,448
77$2,618,691$0$0$766,983
78$2,779,834$0$0$816,280
79$2,954,076$0$0$869,693
80$3,142,647$0$0$927,614
81$3,346,901$0$0$990,473
82$3,568,326$0$0$1,058,743
83$3,808,557$0$0$1,132,945
84$4,069,395$0$0$1,213,651
85$4,352,817$0$0$1,301,492
86$4,661,000$0$0$1,397,159
87$4,996,341$0$0$1,501,417
88$5,361,474$0$0$1,615,104
89$5,759,299$0$0$1,739,143
90$6,193,008$0$0$1,874,553
91$6,666,111$0$0$2,022,453
92$7,182,476$0$0$2,184,074
93$7,746,358$0$0$2,360,773
94$8,362,440$0$0$2,554,044
95$9,035,880$0$0$2,765,532
96$9,772,356$0$0$2,997,047
97$10,578,120$0$0$3,250,584
98$11,460,054$0$0$3,528,338
99$12,425,738$0$0$3,832,728
100$13,483,521$0$0$4,166,418