Can I retire at age 51 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$56,980$56,472$55,977$55,494$55,022$54,177
2 years$28,208$27,682$27,173$26,680$26,201$25,352
3 years$18,618$18,091$17,583$17,094$16,623$15,796
4 years$13,825$13,299$12,796$12,315$11,856$11,057
5 years$10,949$10,426$9,930$9,459$9,012$8,245
6 years$9,033$8,514$8,025$7,565$7,131$6,395
7 years$7,664$7,150$6,669$6,219$5,800$5,096
8 years$6,639$6,129$5,656$5,217$4,811$4,139
9 years$5,841$5,336$4,871$4,444$4,052$3,411
10 years$5,204$4,704$4,247$3,831$3,452$2,843
11 years$4,682$4,187$3,739$3,334$2,969$2,390
12 years$4,248$3,758$3,318$2,924$2,573$2,024
13 years$3,881$3,396$2,965$2,582$2,244$1,723
14 years$3,567$3,087$2,664$2,292$1,967$1,474
15 years$3,295$2,820$2,405$2,044$1,732$1,266
16 years$3,057$2,588$2,180$1,830$1,531$1,091
17 years$2,847$2,383$1,984$1,644$1,357$943
18 years$2,661$2,202$1,811$1,482$1,207$817
19 years$2,495$2,041$1,658$1,339$1,075$709
20 years$2,345$1,896$1,522$1,213$961$617
21 years$2,210$1,766$1,400$1,101$860$537
22 years$2,087$1,649$1,290$1,001$771$468
23 years$1,975$1,542$1,191$911$692$409
24 years$1,873$1,445$1,102$831$622$357
25 years$1,779$1,356$1,020$759$559$312
26 years$1,692$1,274$946$694$504$273
27 years$1,612$1,199$879$635$454$239
28 years$1,538$1,130$817$582$410$210
29 years$1,469$1,066$760$534$370$184
30 years$1,405$1,007$708$490$334$161
31 years$1,345$952$660$450$302$141
32 years$1,288$901$616$413$274$124
33 years$1,236$853$575$380$248$109
34 years$1,186$808$537$350$224$96
35 years$1,140$767$502$322$203$84
36 years$1,096$728$470$297$184$74
37 years$1,055$691$440$273$167$65
38 years$1,015$657$412$252$151$57
39 years$978$625$386$232$137$50
40 years$943$594$362$214$124$44
41 years$910$566$339$198$113$39
42 years$878$539$318$182$102$34
43 years$848$513$299$168$93$30
44 years$820$489$280$155$84$26
45 years$793$467$263$144$77$23
46 years$767$445$247$133$69$20
47 years$742$425$232$123$63$18
48 years$718$406$218$113$57$16
49 years$695$387$205$105$52$14
50 years$674$370$193$97$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $690,000, adding $3,307 every year, while hoping to spend $42,981 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: 30/43/27 Blend
50$690,000$690,000$690,000$690,000
51$763,791$727,221$716,526$780,273
52$795,966$717,124$694,798$783,276
53$829,983$705,091$670,902$782,514
54$865,983$690,982$644,719$780,835
55$904,123$674,650$616,127$778,192
56$944,572$655,936$584,995$774,532
57$987,516$634,674$551,190$769,804
58$1,033,158$610,689$514,571$763,958
59$1,081,720$583,793$474,989$756,941
60$1,133,446$553,789$432,291$748,702
61$1,188,602$520,469$386,317$739,190
62$1,247,479$483,611$336,899$728,355
63$1,310,397$442,984$283,861$716,149
64$1,377,707$398,339$227,019$702,526
65$1,449,792$349,417$166,183$687,441
66$1,527,074$295,942$101,154$670,854
67$1,610,016$237,623$31,722$652,729
68$1,699,123$174,152$0$633,033
69$1,794,953$105,205$0$623,950
70$1,898,117$30,439$0$623,798
71$2,009,286$0$0$623,489
72$2,129,198$0$0$646,990
73$2,258,663$0$0$687,998
74$2,398,569$0$0$732,402
75$2,549,896$0$0$780,523
76$2,713,719$0$0$832,714
77$2,891,219$0$0$889,366
78$3,083,696$0$0$950,905
79$3,292,579$0$0$1,017,802
80$3,519,441$0$0$1,090,575
81$3,766,009$0$0$1,169,792
82$4,034,187$0$0$1,256,081
83$4,326,065$0$0$1,350,131
84$4,643,948$0$0$1,452,701
85$4,990,369$0$0$1,564,626
86$5,368,115$0$0$1,686,826
87$5,780,257$0$0$1,820,312
88$6,230,172$0$0$1,966,199
89$6,721,578$0$0$2,125,713
90$7,258,570$0$0$2,300,204
91$7,845,654$0$0$2,491,160
92$8,487,791$0$0$2,700,219
93$9,190,446$0$0$2,929,182
94$9,959,634$0$0$3,180,037
95$10,801,980$0$0$3,454,969
96$11,724,778$0$0$3,756,387
97$12,736,064$0$0$4,086,943
98$13,844,684$0$0$4,449,560
99$15,060,384$0$0$4,847,454
100$16,393,897$0$0$5,284,171