Can I retire at age 51 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$56,814$56,308$55,815$55,333$54,862$54,562
2 years$28,126$27,602$27,094$26,602$26,125$25,822
3 years$18,564$18,038$17,532$17,044$16,575$16,279
4 years$13,785$13,260$12,759$12,279$11,821$11,534
5 years$10,917$10,396$9,901$9,432$8,986$8,709
6 years$9,007$8,489$8,002$7,543$7,111$6,843
7 years$7,642$7,129$6,649$6,201$5,783$5,526
8 years$6,619$6,111$5,639$5,202$4,797$4,551
9 years$5,824$5,321$4,857$4,431$4,040$3,804
10 years$5,189$4,690$4,235$3,820$3,442$3,216
11 years$4,669$4,175$3,728$3,324$2,961$2,744
12 years$4,236$3,747$3,309$2,916$2,566$2,359
13 years$3,870$3,387$2,956$2,574$2,237$2,040
14 years$3,557$3,078$2,656$2,285$1,961$1,774
15 years$3,285$2,812$2,398$2,038$1,727$1,548
16 years$3,048$2,580$2,174$1,825$1,526$1,356
17 years$2,839$2,376$1,978$1,639$1,353$1,192
18 years$2,653$2,196$1,806$1,477$1,203$1,050
19 years$2,487$2,035$1,653$1,335$1,072$928
20 years$2,338$1,891$1,517$1,209$958$821
21 years$2,204$1,761$1,396$1,097$857$728
22 years$2,081$1,644$1,286$998$768$646
23 years$1,970$1,538$1,188$909$690$574
24 years$1,868$1,441$1,098$829$620$511
25 years$1,774$1,352$1,017$757$558$456
26 years$1,687$1,271$944$692$502$406
27 years$1,607$1,196$876$633$453$363
28 years$1,533$1,127$814$580$409$324
29 years$1,465$1,063$758$532$369$289
30 years$1,400$1,004$706$488$334$259
31 years$1,341$949$658$449$302$232
32 years$1,285$898$614$412$273$207
33 years$1,232$850$573$379$247$186
34 years$1,183$806$536$349$223$166
35 years$1,136$765$501$321$202$149
36 years$1,093$726$469$296$183$133
37 years$1,051$689$439$272$166$120
38 years$1,012$655$411$251$151$107
39 years$976$623$385$232$137$96
40 years$941$593$361$214$124$86
41 years$907$564$338$197$112$77
42 years$876$537$317$182$102$70
43 years$846$512$298$168$93$62
44 years$817$488$279$155$84$56
45 years$790$465$262$143$76$50
46 years$764$444$246$132$69$45
47 years$740$424$232$122$63$41
48 years$716$404$218$113$57$36
49 years$693$386$204$104$52$33
50 years$672$369$192$96$47$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $688,000, adding $2,100 every year, while hoping to spend $22,481 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: 59/19/22 Blend
50$688,000$688,000$688,000$688,000
51$760,342$723,878$713,214$800,632
52$813,977$735,429$713,187$839,806
53$872,330$746,791$712,406$879,891
54$935,857$757,934$710,821$923,115
55$1,005,063$768,821$708,382$969,788
56$1,080,500$779,414$705,034$1,020,250
57$1,162,780$789,674$700,720$1,074,876
58$1,252,571$799,556$695,383$1,134,080
59$1,350,614$809,015$688,959$1,198,320
60$1,457,722$818,001$681,383$1,268,100
61$1,574,788$826,462$672,589$1,343,975
62$1,702,799$834,341$662,503$1,426,559
63$1,842,840$841,579$651,052$1,516,529
64$1,996,105$848,112$638,158$1,614,631
65$2,163,911$853,872$623,739$1,721,688
66$2,347,704$858,787$607,709$1,838,608
67$2,549,082$862,779$589,979$1,966,393
68$2,769,800$865,767$570,455$2,106,149
69$3,011,794$867,664$549,039$2,259,092
70$3,277,194$868,377$525,630$2,426,568
71$3,568,349$867,808$500,120$2,610,058
72$3,887,843$865,854$472,396$2,811,199
73$4,238,525$862,402$442,343$3,031,791
74$4,623,531$857,336$409,838$3,273,825
75$5,046,317$850,532$374,753$3,539,493
76$5,510,689$841,856$336,956$3,831,214
77$6,020,842$831,169$296,306$4,151,654
78$6,581,394$818,322$252,658$4,503,755
79$7,197,434$803,158$205,861$4,890,759
80$7,874,570$785,511$155,755$5,316,243
81$8,618,978$765,203$102,174$5,784,150
82$9,437,464$742,048$44,947$6,298,829
83$10,337,525$715,847$0$6,865,073
84$11,327,421$686,393$0$7,491,955
85$12,416,254$653,462$0$8,193,023
86$13,614,052$616,821$0$8,964,189
87$14,931,861$576,222$0$9,812,585
88$16,381,857$531,402$0$10,746,074
89$17,977,451$482,085$0$11,773,321
90$19,733,421$427,978$0$12,903,877
91$21,666,052$368,771$0$14,148,266
92$23,793,286$304,138$0$15,518,089
93$26,134,893$233,732$0$17,026,130
94$28,712,656$157,189$0$18,686,480
95$31,550,580$74,124$0$20,514,668
96$34,675,112$0$0$22,527,809
97$38,115,397$0$0$24,748,085
98$41,903,549$0$0$27,210,001
99$46,074,955$0$0$29,921,068
100$50,668,608$0$0$32,906,637