Can I retire at age 51 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$56,897$56,390$55,896$55,413$54,942$54,413
2 years$28,167$27,642$27,134$26,641$26,163$25,630
3 years$18,591$18,065$17,557$17,069$16,599$16,079
4 years$13,805$13,279$12,777$12,297$11,838$11,335
5 years$10,933$10,411$9,916$9,446$8,999$8,514
6 years$9,020$8,501$8,013$7,554$7,121$6,655
7 years$7,653$7,140$6,659$6,210$5,791$5,344
8 years$6,629$6,120$5,647$5,210$4,804$4,376
9 years$5,833$5,328$4,864$4,437$4,046$3,636
10 years$5,196$4,697$4,241$3,825$3,447$3,056
11 years$4,676$4,181$3,733$3,329$2,965$2,592
12 years$4,242$3,753$3,313$2,920$2,569$2,214
13 years$3,876$3,392$2,960$2,578$2,240$1,903
14 years$3,562$3,083$2,660$2,288$1,964$1,643
15 years$3,290$2,816$2,401$2,041$1,729$1,425
16 years$3,053$2,584$2,177$1,827$1,528$1,240
17 years$2,843$2,380$1,981$1,642$1,355$1,082
18 years$2,657$2,199$1,809$1,480$1,205$947
19 years$2,491$2,038$1,656$1,337$1,074$830
20 years$2,342$1,894$1,519$1,211$959$729
21 years$2,207$1,764$1,398$1,099$858$642
22 years$2,084$1,647$1,288$999$769$566
23 years$1,973$1,540$1,189$910$691$499
24 years$1,870$1,443$1,100$830$621$441
25 years$1,776$1,354$1,019$758$559$390
26 years$1,690$1,273$945$693$503$345
27 years$1,610$1,198$877$634$454$305
28 years$1,536$1,129$816$581$409$271
29 years$1,467$1,065$759$533$370$240
30 years$1,403$1,005$707$489$334$213
31 years$1,343$950$659$449$302$189
32 years$1,286$899$615$413$273$168
33 years$1,234$852$574$380$247$149
34 years$1,185$807$537$349$224$132
35 years$1,138$766$502$322$203$117
36 years$1,094$727$469$296$184$104
37 years$1,053$690$439$273$166$93
38 years$1,014$656$411$252$151$83
39 years$977$624$385$232$137$73
40 years$942$593$361$214$124$65
41 years$909$565$339$197$113$58
42 years$877$538$318$182$102$52
43 years$847$513$298$168$93$46
44 years$819$489$280$155$84$41
45 years$791$466$263$143$76$36
46 years$765$444$247$132$69$32
47 years$741$424$232$122$63$29
48 years$717$405$218$113$57$26
49 years$694$387$205$104$52$23
50 years$673$369$193$97$47$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $689,000, adding $4,000 every year, while hoping to spend $38,745 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: 52/35/13 Blend
50$689,000$689,000$689,000$689,000
51$763,404$726,887$716,208$800,256
52$800,047$721,280$698,976$820,261
53$839,129$714,100$679,869$837,550
54$880,857$705,228$658,782$855,471
55$925,461$694,540$635,607$874,096
56$973,188$681,904$610,231$893,503
57$1,024,314$667,178$582,534$913,782
58$1,079,139$650,214$552,393$935,034
59$1,137,991$630,854$519,678$957,372
60$1,201,233$608,933$484,254$980,924
61$1,269,261$584,273$445,979$1,005,835
62$1,342,511$556,688$404,705$1,032,265
63$1,421,462$525,981$360,278$1,060,396
64$1,506,640$491,942$312,536$1,090,431
65$1,598,621$454,352$261,310$1,122,597
66$1,698,042$412,976$206,425$1,157,148
67$1,805,599$367,568$147,697$1,194,370
68$1,922,058$317,867$84,933$1,234,580
69$2,048,264$263,599$17,934$1,278,133
70$2,185,142$204,471$0$1,325,427
71$2,333,713$140,176$0$1,384,332
72$2,495,097$70,390$0$1,451,049
73$2,670,528$0$0$1,523,670
74$2,861,361$0$0$1,604,852
75$3,069,091$0$0$1,722,792
76$3,295,359$0$0$1,851,321
77$3,541,973$0$0$1,991,474
78$3,810,922$0$0$2,144,388
79$4,104,395$0$0$2,311,318
80$4,424,802$0$0$2,493,644
81$4,774,797$0$0$2,692,883
82$5,157,298$0$0$2,910,709
83$5,575,522$0$0$3,148,962
84$6,033,009$0$0$3,409,670
85$6,533,656$0$0$3,695,065
86$7,081,755$0$0$4,007,605
87$7,682,033$0$0$4,349,997
88$8,339,695$0$0$4,725,222
89$9,060,472$0$0$5,136,562
90$9,850,677$0$0$5,587,635
91$10,717,263$0$0$6,082,422
92$11,667,888$0$0$6,625,309
93$12,710,987$0$0$7,221,130
94$13,855,851$0$0$7,875,205
95$15,112,714$0$0$8,593,398
96$16,492,849$0$0$9,382,167
97$18,008,675$0$0$10,248,626
98$19,673,872$0$0$11,200,612
99$21,503,511$0$0$12,246,759
100$23,514,195$0$0$13,396,580