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 $3,290 every year, while hoping to spend $40,142 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: 46/28/26 Blend
50$690,000$690,000$690,000$690,000
51$763,774$727,204$716,509$793,064
52$798,968$720,126$697,801$806,996
53$836,406$711,356$677,121$817,935
54$876,276$700,768$654,361$829,016
55$918,781$688,231$629,406$840,274
56$964,144$673,602$602,139$851,748
57$1,012,612$656,733$572,436$863,487
58$1,064,452$637,467$540,167$875,545
59$1,119,959$615,636$505,195$887,986
60$1,179,457$591,064$467,381$900,884
61$1,243,299$563,564$426,576$914,324
62$1,311,874$532,937$382,625$928,404
63$1,385,610$498,975$335,367$943,235
64$1,464,974$461,457$284,634$958,945
65$1,550,481$420,148$230,249$975,679
66$1,642,697$374,802$172,029$993,601
67$1,742,241$325,157$109,781$1,012,898
68$1,849,797$270,937$43,306$1,033,781
69$1,966,114$211,850$0$1,056,487
70$2,092,015$147,589$0$1,088,953
71$2,228,408$77,827$0$1,137,134
72$2,376,287$2,222$0$1,189,407
73$2,536,747$0$0$1,246,219
74$2,710,995$0$0$1,332,592
75$2,900,354$0$0$1,427,269
76$3,106,282$0$0$1,530,305
77$3,330,382$0$0$1,642,509
78$3,574,420$0$0$1,764,776
79$3,840,336$0$0$1,898,088
80$4,130,267$0$0$2,043,528
81$4,446,565$0$0$2,202,284
82$4,791,818$0$0$2,375,669
83$5,168,875$0$0$2,565,125
84$5,580,874$0$0$2,772,241
85$6,031,267$0$0$2,998,764
86$6,523,856$0$0$3,246,621
87$7,062,827$0$0$3,517,932
88$7,652,790$0$0$3,815,032
89$8,298,819$0$0$4,140,491
90$9,006,506$0$0$4,497,142
91$9,782,004$0$0$4,888,102
92$10,632,093$0$0$5,316,805
93$11,564,240$0$0$5,787,035
94$12,586,668$0$0$6,302,958
95$13,708,434$0$0$6,869,163
96$14,939,514$0$0$7,490,705
97$16,290,899$0$0$8,173,153
98$17,774,692$0$0$8,922,639
99$19,404,230$0$0$9,745,921
100$21,194,200$0$0$10,650,443