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%12.4%
1 years$56,814$56,308$55,815$55,333$54,862$54,312
2 years$28,126$27,602$27,094$26,602$26,125$25,571
3 years$18,564$18,038$17,532$17,044$16,575$16,034
4 years$13,785$13,260$12,759$12,279$11,821$11,298
5 years$10,917$10,396$9,901$9,432$8,986$8,482
6 years$9,007$8,489$8,002$7,543$7,111$6,625
7 years$7,642$7,129$6,649$6,201$5,783$5,317
8 years$6,619$6,111$5,639$5,202$4,797$4,352
9 years$5,824$5,321$4,857$4,431$4,040$3,614
10 years$5,189$4,690$4,235$3,820$3,442$3,036
11 years$4,669$4,175$3,728$3,324$2,961$2,573
12 years$4,236$3,747$3,309$2,916$2,566$2,196
13 years$3,870$3,387$2,956$2,574$2,237$1,886
14 years$3,557$3,078$2,656$2,285$1,961$1,628
15 years$3,285$2,812$2,398$2,038$1,727$1,411
16 years$3,048$2,580$2,174$1,825$1,526$1,227
17 years$2,839$2,376$1,978$1,639$1,353$1,070
18 years$2,653$2,196$1,806$1,477$1,203$935
19 years$2,487$2,035$1,653$1,335$1,072$820
20 years$2,338$1,891$1,517$1,209$958$720
21 years$2,204$1,761$1,396$1,097$857$633
22 years$2,081$1,644$1,286$998$768$557
23 years$1,970$1,538$1,188$909$690$491
24 years$1,868$1,441$1,098$829$620$434
25 years$1,774$1,352$1,017$757$558$383
26 years$1,687$1,271$944$692$502$339
27 years$1,607$1,196$876$633$453$300
28 years$1,533$1,127$814$580$409$265
29 years$1,465$1,063$758$532$369$235
30 years$1,400$1,004$706$488$334$208
31 years$1,341$949$658$449$302$185
32 years$1,285$898$614$412$273$164
33 years$1,232$850$573$379$247$145
34 years$1,183$806$536$349$223$129
35 years$1,136$765$501$321$202$115
36 years$1,093$726$469$296$183$102
37 years$1,051$689$439$272$166$90
38 years$1,012$655$411$251$151$80
39 years$976$623$385$232$137$71
40 years$941$593$361$214$124$63
41 years$907$564$338$197$112$56
42 years$876$537$317$182$102$50
43 years$846$512$298$168$93$44
44 years$817$488$279$155$84$40
45 years$790$465$262$143$76$35
46 years$764$444$246$132$69$31
47 years$740$424$232$122$63$28
48 years$716$404$218$113$57$25
49 years$693$386$204$104$52$22
50 years$672$369$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 $688,000, adding $5,373 every year, while hoping to spend $39,807 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: 79/14/7 Blend
50$688,000$688,000$688,000$688,000
51$763,718$727,254$716,590$823,027
52$799,263$720,535$698,242$855,957
53$837,100$712,153$677,944$886,317
54$877,419$701,984$655,591$918,432
55$920,431$689,897$631,069$952,456
56$966,367$675,753$604,261$988,561
57$1,015,478$659,406$575,045$1,026,937
58$1,068,039$640,701$543,292$1,067,792
59$1,124,356$619,471$508,869$1,111,356
60$1,184,758$595,544$471,634$1,157,883
61$1,249,612$568,734$431,443$1,207,652
62$1,319,318$538,847$388,141$1,260,972
63$1,394,314$505,676$341,569$1,318,185
64$1,475,083$469,003$291,561$1,379,666
65$1,562,155$428,598$237,941$1,445,830
66$1,656,111$384,215$180,529$1,517,134
67$1,757,592$335,599$119,134$1,594,084
68$1,867,299$282,476$53,558$1,677,238
69$1,986,004$224,559$0$1,767,210
70$2,114,558$161,543$0$1,865,907
71$2,253,892$93,108$0$1,977,198
72$2,405,033$18,914$0$2,097,925
73$2,569,110$0$0$2,229,016
74$2,747,363$0$0$2,380,955
75$2,941,159$0$0$2,549,328
76$3,152,000$0$0$2,732,529
77$3,381,537$0$0$2,931,996
78$3,631,591$0$0$3,149,313
79$3,904,162$0$0$3,386,221
80$4,201,452$0$0$3,644,637
81$4,525,887$0$0$3,926,673
82$4,880,135$0$0$4,234,649
83$5,267,133$0$0$4,571,124
84$5,690,116$0$0$4,938,913
85$6,152,643$0$0$5,341,114
86$6,658,636$0$0$5,781,141
87$7,212,410$0$0$6,262,750
88$7,818,718$0$0$6,790,079
89$8,482,796$0$0$7,367,684
90$9,210,406$0$0$8,000,583
91$10,007,897$0$0$8,694,301
92$10,882,260$0$0$9,454,925
93$11,841,195$0$0$10,289,158
94$12,893,183$0$0$11,204,382
95$14,047,566$0$0$12,208,730
96$15,314,633$0$0$13,311,158
97$16,705,719$0$0$14,521,533
98$18,233,309$0$0$15,850,725
99$19,911,157$0$0$17,310,707
100$21,754,413$0$0$18,914,667