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%17.1%
1 years$56,732$56,226$55,733$55,252$54,782$53,199
2 years$28,085$27,562$27,055$26,564$26,087$24,505
3 years$18,537$18,012$17,506$17,020$16,551$15,019
4 years$13,764$13,241$12,740$12,262$11,804$10,334
5 years$10,901$10,381$9,887$9,418$8,973$7,569
6 years$8,993$8,477$7,990$7,532$7,100$5,764
7 years$7,631$7,119$6,640$6,192$5,774$4,505
8 years$6,610$6,102$5,631$5,195$4,790$3,588
9 years$5,816$5,313$4,850$4,425$4,034$2,897
10 years$5,181$4,683$4,228$3,814$3,437$2,364
11 years$4,662$4,169$3,723$3,319$2,956$1,945
12 years$4,230$3,742$3,304$2,912$2,562$1,611
13 years$3,864$3,382$2,952$2,570$2,234$1,341
14 years$3,552$3,074$2,652$2,282$1,958$1,121
15 years$3,281$2,808$2,394$2,035$1,724$940
16 years$3,044$2,576$2,171$1,822$1,524$791
17 years$2,835$2,373$1,975$1,637$1,351$667
18 years$2,649$2,192$1,803$1,475$1,201$564
19 years$2,484$2,032$1,651$1,333$1,071$477
20 years$2,335$1,888$1,515$1,207$956$404
21 years$2,200$1,759$1,394$1,096$856$343
22 years$2,078$1,642$1,284$996$767$291
23 years$1,967$1,535$1,186$907$689$248
24 years$1,865$1,439$1,097$828$619$211
25 years$1,771$1,350$1,016$756$557$179
26 years$1,685$1,269$942$691$502$153
27 years$1,605$1,194$875$633$452$130
28 years$1,531$1,125$813$580$408$111
29 years$1,462$1,062$757$531$369$94
30 years$1,398$1,003$705$488$333$81
31 years$1,339$948$657$448$301$69
32 years$1,283$897$613$412$272$59
33 years$1,230$849$573$379$246$50
34 years$1,181$805$535$348$223$43
35 years$1,135$763$500$321$202$36
36 years$1,091$725$468$295$183$31
37 years$1,050$688$438$272$166$27
38 years$1,011$654$410$251$150$23
39 years$974$622$384$231$136$19
40 years$939$592$360$213$124$16
41 years$906$563$338$197$112$14
42 years$875$536$317$182$102$12
43 years$845$511$297$168$92$10
44 years$816$487$279$155$84$9
45 years$789$465$262$143$76$7
46 years$763$443$246$132$69$6
47 years$739$423$231$122$63$5
48 years$715$404$217$113$57$5
49 years$692$386$204$104$52$4
50 years$671$368$192$96$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $687,000, adding $3,413 every year, while hoping to spend $40,573 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: 76/15/9 Blend
50$687,000$687,000$687,000$687,000
51$760,595$724,184$713,535$817,023
52$795,006$716,499$694,269$846,946
53$831,567$707,078$672,998$874,225
54$870,455$695,793$649,611$902,967
55$911,863$682,509$623,995$933,301
56$956,002$667,080$596,027$965,370
57$1,003,103$649,357$565,584$999,334
58$1,053,421$629,177$532,532$1,035,366
59$1,107,234$606,370$496,736$1,073,661
60$1,164,846$580,756$458,050$1,114,431
61$1,226,591$552,144$416,326$1,157,915
62$1,292,837$520,333$371,407$1,204,371
63$1,363,986$485,108$323,128$1,254,089
64$1,440,479$446,245$271,319$1,307,388
65$1,522,801$403,505$215,802$1,364,619
66$1,611,485$356,635$156,390$1,426,171
67$1,707,116$305,369$92,888$1,492,475
68$1,810,336$249,426$25,094$1,564,006
69$1,921,851$188,509$0$1,641,287
70$2,042,436$122,302$0$1,729,438
71$2,172,944$50,475$0$1,827,427
72$2,314,313$0$0$1,933,573
73$2,467,574$0$0$2,053,189
74$2,633,858$0$0$2,192,032
75$2,814,413$0$0$2,342,813
76$3,010,610$0$0$2,506,681
77$3,223,956$0$0$2,684,898
78$3,456,111$0$0$2,878,852
79$3,708,900$0$0$3,090,073
80$3,984,332$0$0$3,320,242
81$4,284,617$0$0$3,571,211
82$4,612,189$0$0$3,845,015
83$4,969,725$0$0$4,143,899
84$5,360,173$0$0$4,470,329
85$5,786,778$0$0$4,827,023
86$6,253,113$0$0$5,216,973
87$6,763,110$0$0$5,643,472
88$7,321,101$0$0$6,110,146
89$7,931,854$0$0$6,620,989
90$8,600,620$0$0$7,180,398
91$9,333,180$0$0$7,793,214
92$10,135,904$0$0$8,464,771
93$11,015,804$0$0$9,200,941
94$11,980,604$0$0$10,008,192
95$13,038,811$0$0$10,893,649
96$14,199,795$0$0$11,865,158
97$15,473,877$0$0$12,931,362
98$16,872,425$0$0$14,101,781
99$18,407,961$0$0$15,386,903
100$20,094,280$0$0$16,798,280