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%16.7%
1 years$56,897$56,390$55,896$55,413$54,942$53,440
2 years$28,167$27,642$27,134$26,641$26,163$24,661
3 years$18,591$18,065$17,557$17,069$16,599$15,144
4 years$13,805$13,279$12,777$12,297$11,838$10,441
5 years$10,933$10,411$9,916$9,446$8,999$7,664
6 years$9,020$8,501$8,013$7,554$7,121$5,848
7 years$7,653$7,140$6,659$6,210$5,791$4,582
8 years$6,629$6,120$5,647$5,210$4,804$3,657
9 years$5,833$5,328$4,864$4,437$4,046$2,960
10 years$5,196$4,697$4,241$3,825$3,447$2,422
11 years$4,676$4,181$3,733$3,329$2,965$1,998
12 years$4,242$3,753$3,313$2,920$2,569$1,659
13 years$3,876$3,392$2,960$2,578$2,240$1,385
14 years$3,562$3,083$2,660$2,288$1,964$1,161
15 years$3,290$2,816$2,401$2,041$1,729$976
16 years$3,053$2,584$2,177$1,827$1,528$824
17 years$2,843$2,380$1,981$1,642$1,355$697
18 years$2,657$2,199$1,809$1,480$1,205$590
19 years$2,491$2,038$1,656$1,337$1,074$501
20 years$2,342$1,894$1,519$1,211$959$426
21 years$2,207$1,764$1,398$1,099$858$363
22 years$2,084$1,647$1,288$999$769$309
23 years$1,973$1,540$1,189$910$691$263
24 years$1,870$1,443$1,100$830$621$225
25 years$1,776$1,354$1,019$758$559$192
26 years$1,690$1,273$945$693$503$164
27 years$1,610$1,198$877$634$454$140
28 years$1,536$1,129$816$581$409$120
29 years$1,467$1,065$759$533$370$102
30 years$1,403$1,005$707$489$334$88
31 years$1,343$950$659$449$302$75
32 years$1,286$899$615$413$273$64
33 years$1,234$852$574$380$247$55
34 years$1,185$807$537$349$224$47
35 years$1,138$766$502$322$203$40
36 years$1,094$727$469$296$184$34
37 years$1,053$690$439$273$166$30
38 years$1,014$656$411$252$151$25
39 years$977$624$385$232$137$22
40 years$942$593$361$214$124$19
41 years$909$565$339$197$113$16
42 years$877$538$318$182$102$14
43 years$847$513$298$168$93$12
44 years$819$489$280$155$84$10
45 years$791$466$263$143$76$9
46 years$765$444$247$132$69$7
47 years$741$424$232$122$63$6
48 years$717$405$218$113$57$5
49 years$694$387$205$104$52$5
50 years$673$369$193$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $689,000, adding $3,585 every year, while hoping to spend $54,179 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: 31/50/19 Blend
50$689,000$689,000$689,000$689,000
51$762,976$726,459$715,779$781,999
52$783,153$704,409$682,112$774,549
53$803,573$679,464$645,501$761,365
54$824,203$651,422$605,790$746,024
55$845,004$620,075$562,817$728,371
56$865,935$585,199$516,412$708,240
57$886,945$546,558$466,396$685,458
58$907,977$503,903$412,584$659,836
59$928,968$456,971$354,782$631,178
60$949,843$405,484$292,788$599,271
61$970,520$349,146$226,390$563,893
62$990,906$287,647$155,367$524,804
63$1,010,895$220,658$79,489$481,753
64$1,030,369$147,833$0$434,467
65$1,049,195$68,805$0$382,964
66$1,067,223$0$0$343,852
67$1,084,288$0$0$309,980
68$1,100,201$0$0$313,512
69$1,114,755$0$0$316,521
70$1,127,716$0$0$318,923
71$1,138,827$0$0$320,629
72$1,147,797$0$0$321,539
73$1,154,306$0$0$321,539
74$1,157,996$0$0$320,507
75$1,158,470$0$0$318,303
76$1,155,286$0$0$314,776
77$1,147,956$0$0$309,755
78$1,135,934$0$0$303,052
79$1,118,620$0$0$294,460
80$1,095,344$0$0$283,746
81$1,065,366$0$0$270,656
82$1,027,868$0$0$254,907
83$981,940$0$0$236,186
84$926,578$0$0$214,147
85$860,671$0$0$188,406
86$782,988$0$0$158,541
87$692,169$0$0$124,084
88$586,709$0$0$84,517
89$464,947$0$0$39,269
90$325,045$0$0$0
91$164,972$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0