Can I retire at age 51 with 690,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.5%
1 years$56,980$56,472$55,977$55,494$55,022$54,222
2 years$28,208$27,682$27,173$26,680$26,201$25,397
3 years$18,618$18,091$17,583$17,094$16,623$15,839
4 years$13,825$13,299$12,796$12,315$11,856$11,099
5 years$10,949$10,426$9,930$9,459$9,012$8,285
6 years$9,033$8,514$8,025$7,565$7,131$6,433
7 years$7,664$7,150$6,669$6,219$5,800$5,132
8 years$6,639$6,129$5,656$5,217$4,811$4,173
9 years$5,841$5,336$4,871$4,444$4,052$3,443
10 years$5,204$4,704$4,247$3,831$3,452$2,873
11 years$4,682$4,187$3,739$3,334$2,969$2,418
12 years$4,248$3,758$3,318$2,924$2,573$2,050
13 years$3,881$3,396$2,965$2,582$2,244$1,748
14 years$3,567$3,087$2,664$2,292$1,967$1,498
15 years$3,295$2,820$2,405$2,044$1,732$1,288
16 years$3,057$2,588$2,180$1,830$1,531$1,112
17 years$2,847$2,383$1,984$1,644$1,357$962
18 years$2,661$2,202$1,811$1,482$1,207$835
19 years$2,495$2,041$1,658$1,339$1,075$725
20 years$2,345$1,896$1,522$1,213$961$632
21 years$2,210$1,766$1,400$1,101$860$551
22 years$2,087$1,649$1,290$1,001$771$481
23 years$1,975$1,542$1,191$911$692$421
24 years$1,873$1,445$1,102$831$622$368
25 years$1,779$1,356$1,020$759$559$322
26 years$1,692$1,274$946$694$504$283
27 years$1,612$1,199$879$635$454$248
28 years$1,538$1,130$817$582$410$217
29 years$1,469$1,066$760$534$370$191
30 years$1,405$1,007$708$490$334$168
31 years$1,345$952$660$450$302$147
32 years$1,288$901$616$413$274$129
33 years$1,236$853$575$380$248$114
34 years$1,186$808$537$350$224$100
35 years$1,140$767$502$322$203$88
36 years$1,096$728$470$297$184$77
37 years$1,055$691$440$273$167$68
38 years$1,015$657$412$252$151$60
39 years$978$625$386$232$137$53
40 years$943$594$362$214$124$46
41 years$910$566$339$198$113$41
42 years$878$539$318$182$102$36
43 years$848$513$299$168$93$32
44 years$820$489$280$155$84$28
45 years$793$467$263$144$77$25
46 years$767$445$247$133$69$22
47 years$742$425$232$123$63$19
48 years$718$406$218$113$57$17
49 years$695$387$205$105$52$15
50 years$674$370$193$97$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $690,000, adding $3,868 every year, while hoping to spend $45,544 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: 50/39/11 Blend
50$690,000$690,000$690,000$690,000
51$764,370$727,800$717,105$800,148
52$793,877$715,004$692,669$812,264
53$824,868$700,054$665,889$820,291
54$857,445$682,797$636,637$827,972
55$891,721$663,071$604,781$835,286
56$927,817$640,702$570,182$842,214
57$965,868$615,510$532,696$848,740
58$1,006,017$587,300$492,172$854,846
59$1,048,423$555,870$448,452$860,518
60$1,093,257$521,003$401,370$865,745
61$1,140,708$482,471$350,755$870,517
62$1,190,982$440,034$296,427$874,829
63$1,244,302$393,435$238,197$878,678
64$1,300,913$342,406$175,869$882,067
65$1,361,084$286,662$109,239$885,004
66$1,425,109$225,902$38,092$887,504
67$1,493,307$159,808$0$889,589
68$1,566,031$88,046$0$895,728
69$1,643,665$10,259$0$906,582
70$1,726,632$0$0$917,753
71$1,815,394$0$0$961,060
72$1,910,458$0$0$1,012,205
73$2,012,381$0$0$1,067,090
74$2,121,771$0$0$1,126,049
75$2,239,300$0$0$1,189,452
76$2,365,701$0$0$1,257,700
77$2,501,782$0$0$1,331,238
78$2,648,429$0$0$1,410,552
79$2,806,615$0$0$1,496,178
80$2,977,409$0$0$1,588,702
81$3,161,987$0$0$1,688,771
82$3,361,639$0$0$1,797,095
83$3,577,786$0$0$1,914,454
84$3,811,987$0$0$2,041,706
85$4,065,959$0$0$2,179,795
86$4,341,588$0$0$2,329,760
87$4,640,949$0$0$2,492,740
88$4,966,326$0$0$2,669,994
89$5,320,229$0$0$2,862,901
90$5,705,422$0$0$3,072,983
91$6,124,943$0$0$3,301,912
92$6,582,140$0$0$3,551,530
93$7,080,692$0$0$3,823,863
94$7,624,653$0$0$4,121,141
95$8,218,483$0$0$4,445,820
96$8,867,091$0$0$4,800,602
97$9,575,882$0$0$5,188,463
98$10,350,806$0$0$5,612,679
99$11,198,416$0$0$6,076,858
100$12,125,924$0$0$6,584,970