Can I retire at age 51 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$57,062$56,554$56,058$55,574$55,101$53,295
2 years$28,249$27,722$27,213$26,718$26,239$24,436
3 years$18,645$18,117$17,608$17,119$16,647$14,904
4 years$13,845$13,318$12,814$12,333$11,873$10,204
5 years$10,965$10,441$9,944$9,473$9,025$7,435
6 years$9,046$8,526$8,037$7,576$7,142$5,630
7 years$7,676$7,160$6,678$6,228$5,808$4,376
8 years$6,648$6,138$5,664$5,225$4,818$3,464
9 years$5,850$5,344$4,878$4,450$4,058$2,780
10 years$5,211$4,710$4,253$3,836$3,457$2,255
11 years$4,689$4,193$3,744$3,339$2,973$1,843
12 years$4,255$3,764$3,323$2,928$2,577$1,516
13 years$3,887$3,401$2,969$2,585$2,247$1,254
14 years$3,572$3,092$2,668$2,295$1,970$1,041
15 years$3,300$2,824$2,408$2,047$1,734$867
16 years$3,061$2,591$2,184$1,833$1,533$724
17 years$2,851$2,386$1,987$1,647$1,359$606
18 years$2,665$2,205$1,814$1,484$1,208$508
19 years$2,498$2,044$1,660$1,341$1,077$427
20 years$2,348$1,899$1,524$1,214$962$359
21 years$2,213$1,769$1,402$1,102$861$302
22 years$2,090$1,651$1,292$1,002$772$255
23 years$1,978$1,544$1,193$913$693$215
24 years$1,876$1,447$1,103$832$623$181
25 years$1,782$1,358$1,022$760$560$153
26 years$1,695$1,276$948$695$505$129
27 years$1,614$1,201$880$636$455$109
28 years$1,540$1,132$818$583$411$92
29 years$1,471$1,068$761$535$371$78
30 years$1,407$1,008$709$491$335$66
31 years$1,346$953$661$451$303$56
32 years$1,290$902$617$414$274$47
33 years$1,237$854$576$381$248$40
34 years$1,188$810$538$350$224$34
35 years$1,141$768$503$323$203$29
36 years$1,097$729$471$297$184$24
37 years$1,056$692$440$274$167$21
38 years$1,017$658$412$252$151$17
39 years$980$626$386$233$137$15
40 years$945$595$362$215$124$12
41 years$911$567$340$198$113$11
42 years$880$540$319$183$102$9
43 years$850$514$299$169$93$8
44 years$821$490$281$156$84$6
45 years$794$467$264$144$77$5
46 years$768$446$247$133$70$5
47 years$743$425$233$123$63$4
48 years$719$406$218$113$57$3
49 years$696$388$205$105$52$3
50 years$675$370$193$97$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $691,000, adding $4,371 every year, while hoping to spend $42,404 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: 47/30/23 Blend
50$691,000$691,000$691,000$691,000
51$765,991$729,368$718,657$796,780
52$799,004$719,989$697,615$809,417
53$833,964$708,730$674,446$818,574
54$871,024$695,453$649,035$827,653
55$910,351$680,013$621,261$836,668
56$952,130$662,257$590,997$845,635
57$996,562$642,022$558,110$854,575
58$1,043,866$619,136$522,461$863,517
59$1,094,284$593,417$483,907$872,492
60$1,148,078$564,672$442,295$881,541
61$1,205,537$532,696$397,467$890,711
62$1,266,979$497,275$349,259$900,060
63$1,332,750$458,181$297,499$909,655
64$1,403,231$415,172$242,005$919,574
65$1,478,838$367,993$182,590$929,909
66$1,560,031$316,376$119,058$940,766
67$1,647,311$260,036$51,203$952,266
68$1,741,231$198,671$0$964,551
69$1,842,396$131,966$0$982,987
70$1,951,472$59,584$0$1,016,301
71$2,069,190$0$0$1,052,180
72$2,196,354$0$0$1,097,138
73$2,333,846$0$0$1,167,076
74$2,482,635$0$0$1,242,826
75$2,643,790$0$0$1,324,939
76$2,818,482$0$0$1,414,021
77$3,008,001$0$0$1,510,739
78$3,213,765$0$0$1,615,824
79$3,437,334$0$0$1,730,085
80$3,680,424$0$0$1,854,408
81$3,944,921$0$0$1,989,769
82$4,232,904$0$0$2,137,243
83$4,546,658$0$0$2,298,012
84$4,888,697$0$0$2,473,376
85$5,261,791$0$0$2,664,767
86$5,668,985$0$0$2,873,763
87$6,113,633$0$0$3,102,097
88$6,599,427$0$0$3,351,681
89$7,130,431$0$0$3,624,617
90$7,711,121$0$0$3,923,221
91$8,346,423$0$0$4,250,043
92$9,041,762$0$0$4,607,890
93$9,803,111$0$0$4,999,855
94$10,637,050$0$0$5,429,342
95$11,550,821$0$0$5,900,100
96$12,552,405$0$0$6,416,261
97$13,650,587$0$0$6,982,371
98$14,855,045$0$0$7,603,442
99$16,176,440$0$0$8,284,992
100$17,626,511$0$0$9,033,099