Can I retire at age 51 with 687,000?

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 $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%12.4%
1 years$56,732$56,226$55,733$55,252$54,782$54,233
2 years$28,085$27,562$27,055$26,564$26,087$25,533
3 years$18,537$18,012$17,506$17,020$16,551$16,010
4 years$13,764$13,241$12,740$12,262$11,804$11,281
5 years$10,901$10,381$9,887$9,418$8,973$8,469
6 years$8,993$8,477$7,990$7,532$7,100$6,616
7 years$7,631$7,119$6,640$6,192$5,774$5,310
8 years$6,610$6,102$5,631$5,195$4,790$4,345
9 years$5,816$5,313$4,850$4,425$4,034$3,609
10 years$5,181$4,683$4,228$3,814$3,437$3,031
11 years$4,662$4,169$3,723$3,319$2,956$2,569
12 years$4,230$3,742$3,304$2,912$2,562$2,193
13 years$3,864$3,382$2,952$2,570$2,234$1,883
14 years$3,552$3,074$2,652$2,282$1,958$1,625
15 years$3,281$2,808$2,394$2,035$1,724$1,409
16 years$3,044$2,576$2,171$1,822$1,524$1,225
17 years$2,835$2,373$1,975$1,637$1,351$1,068
18 years$2,649$2,192$1,803$1,475$1,201$934
19 years$2,484$2,032$1,651$1,333$1,071$818
20 years$2,335$1,888$1,515$1,207$956$719
21 years$2,200$1,759$1,394$1,096$856$632
22 years$2,078$1,642$1,284$996$767$556
23 years$1,967$1,535$1,186$907$689$490
24 years$1,865$1,439$1,097$828$619$433
25 years$1,771$1,350$1,016$756$557$382
26 years$1,685$1,269$942$691$502$338
27 years$1,605$1,194$875$633$452$299
28 years$1,531$1,125$813$580$408$265
29 years$1,462$1,062$757$531$369$235
30 years$1,398$1,003$705$488$333$208
31 years$1,339$948$657$448$301$184
32 years$1,283$897$613$412$272$164
33 years$1,230$849$573$379$246$145
34 years$1,181$805$535$348$223$129
35 years$1,135$763$500$321$202$114
36 years$1,091$725$468$295$183$102
37 years$1,050$688$438$272$166$90
38 years$1,011$654$410$251$150$80
39 years$974$622$384$231$136$71
40 years$939$592$360$213$124$63
41 years$906$563$338$197$112$56
42 years$875$536$317$182$102$50
43 years$845$511$297$168$92$44
44 years$816$487$279$155$84$39
45 years$789$465$262$143$76$35
46 years$763$443$246$132$69$31
47 years$739$423$231$122$63$28
48 years$715$404$217$113$57$25
49 years$692$386$204$104$52$22
50 years$671$368$192$96$47$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $687,000, adding $2,836 every year, while hoping to spend $56,124 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: 45/26/29 Blend
50$687,000$687,000$687,000$687,000
51$759,999$723,588$712,940$787,714
52$777,804$699,329$677,108$783,469
53$795,543$671,999$638,194$773,278
54$813,152$641,390$596,037$761,159
55$830,555$607,280$550,466$746,965
56$847,669$569,434$501,304$730,536
57$864,399$527,604$448,365$711,703
58$880,639$481,528$391,457$690,283
59$896,270$430,929$330,376$666,082
60$911,158$375,513$264,912$638,890
61$925,153$314,970$194,844$608,482
62$938,090$248,975$119,943$574,619
63$949,781$177,180$39,967$537,041
64$960,019$99,222$0$495,470
65$968,571$14,715$0$463,652
66$975,182$0$0$441,333
67$979,562$0$0$437,831
68$981,394$0$0$437,230
69$980,324$0$0$435,141
70$975,957$0$0$431,369
71$967,857$0$0$425,695
72$955,541$0$0$417,878
73$938,470$0$0$407,650
74$916,050$0$0$394,713
75$887,622$0$0$378,740
76$852,456$0$0$359,366
77$809,743$0$0$336,188
78$758,589$0$0$308,762
79$698,004$0$0$276,594
80$626,894$0$0$239,140
81$544,047$0$0$195,797
82$448,127$0$0$145,899
83$337,653$0$0$88,710
84$210,991$0$0$23,419
85$66,335$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0