Can I retire at age 51 with 688,000?

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 $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%15.7%
1 years$56,814$56,308$55,815$55,333$54,862$53,579
2 years$28,126$27,602$27,094$26,602$26,125$24,840
3 years$18,564$18,038$17,532$17,044$16,575$15,327
4 years$13,785$13,260$12,759$12,279$11,821$10,621
5 years$10,917$10,396$9,901$9,432$8,986$7,837
6 years$9,007$8,489$8,002$7,543$7,111$6,014
7 years$7,642$7,129$6,649$6,201$5,783$4,738
8 years$6,619$6,111$5,639$5,202$4,797$3,804
9 years$5,824$5,321$4,857$4,431$4,040$3,098
10 years$5,189$4,690$4,235$3,820$3,442$2,550
11 years$4,669$4,175$3,728$3,324$2,961$2,117
12 years$4,236$3,747$3,309$2,916$2,566$1,769
13 years$3,870$3,387$2,956$2,574$2,237$1,487
14 years$3,557$3,078$2,656$2,285$1,961$1,255
15 years$3,285$2,812$2,398$2,038$1,727$1,063
16 years$3,048$2,580$2,174$1,825$1,526$903
17 years$2,839$2,376$1,978$1,639$1,353$770
18 years$2,653$2,196$1,806$1,477$1,203$657
19 years$2,487$2,035$1,653$1,335$1,072$562
20 years$2,338$1,891$1,517$1,209$958$481
21 years$2,204$1,761$1,396$1,097$857$413
22 years$2,081$1,644$1,286$998$768$354
23 years$1,970$1,538$1,188$909$690$305
24 years$1,868$1,441$1,098$829$620$262
25 years$1,774$1,352$1,017$757$558$225
26 years$1,687$1,271$944$692$502$194
27 years$1,607$1,196$876$633$453$167
28 years$1,533$1,127$814$580$409$144
29 years$1,465$1,063$758$532$369$124
30 years$1,400$1,004$706$488$334$107
31 years$1,341$949$658$449$302$93
32 years$1,285$898$614$412$273$80
33 years$1,232$850$573$379$247$69
34 years$1,183$806$536$349$223$60
35 years$1,136$765$501$321$202$51
36 years$1,093$726$469$296$183$44
37 years$1,051$689$439$272$166$38
38 years$1,012$655$411$251$151$33
39 years$976$623$385$232$137$29
40 years$941$593$361$214$124$25
41 years$907$564$338$197$112$21
42 years$876$537$317$182$102$18
43 years$846$512$298$168$93$16
44 years$817$488$279$155$84$14
45 years$790$465$262$143$76$12
46 years$764$444$246$132$69$10
47 years$740$424$232$122$63$9
48 years$716$404$218$113$57$8
49 years$693$386$204$104$52$7
50 years$672$369$192$96$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $688,000, adding $4,132 every year, while hoping to spend $48,217 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: 79/10/11 Blend
50$688,000$688,000$688,000$688,000
51$762,438$725,974$715,310$820,858
52$788,904$710,244$687,971$844,095
53$816,454$692,128$658,099$862,927
54$845,147$671,457$625,560$882,188
55$875,047$648,053$590,211$901,898
56$906,223$621,729$551,905$922,081
57$938,750$592,286$510,486$942,764
58$972,707$559,513$465,792$963,976
59$1,008,182$523,187$417,654$985,750
60$1,045,267$483,074$365,896$1,008,122
61$1,084,064$438,924$310,333$1,031,135
62$1,124,681$390,474$250,772$1,054,832
63$1,167,238$337,447$187,012$1,079,267
64$1,211,862$279,548$118,844$1,104,495
65$1,258,694$216,468$46,046$1,130,582
66$1,307,884$147,878$0$1,157,598
67$1,359,597$73,432$0$1,189,338
68$1,414,011$0$0$1,228,184
69$1,471,321$0$0$1,269,653
70$1,531,738$0$0$1,321,897
71$1,595,494$0$0$1,377,036
72$1,662,840$0$0$1,435,289
73$1,734,050$0$0$1,496,895
74$1,809,424$0$0$1,562,113
75$1,889,290$0$0$1,631,228
76$1,974,003$0$0$1,704,551
77$2,063,955$0$0$1,782,421
78$2,159,574$0$0$1,865,211
79$2,261,326$0$0$1,953,326
80$2,369,723$0$0$2,047,211
81$2,485,326$0$0$2,147,354
82$2,608,747$0$0$2,254,288
83$2,740,661$0$0$2,368,599
84$2,881,802$0$0$2,490,927
85$3,032,981$0$0$2,621,976
86$3,195,082$0$0$2,762,516
87$3,369,079$0$0$2,913,394
88$3,556,039$0$0$3,075,538
89$3,757,133$0$0$3,249,967
90$3,973,647$0$0$3,437,802
91$4,206,995$0$0$3,640,270
92$4,458,727$0$0$3,858,722
93$4,730,548$0$0$4,094,641
94$5,024,332$0$0$4,349,657
95$5,342,136$0$0$4,625,562
96$5,686,224$0$0$4,924,324
97$6,059,084$0$0$5,248,110
98$6,463,450$0$0$5,599,299
99$6,902,332$0$0$5,980,509
100$7,379,037$0$0$6,394,621