Can I retire at age 51 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$57,145$56,636$56,139$55,654$55,181$54,045
2 years$28,289$27,763$27,252$26,757$26,277$25,137
3 years$18,672$18,143$17,634$17,143$16,671$15,564
4 years$13,865$13,337$12,833$12,351$11,890$10,823
5 years$10,981$10,456$9,959$9,487$9,039$8,016
6 years$9,059$8,539$8,048$7,587$7,152$6,174
7 years$7,687$7,171$6,688$6,237$5,816$4,884
8 years$6,658$6,147$5,672$5,232$4,825$3,937
9 years$5,858$5,352$4,885$4,457$4,064$3,220
10 years$5,219$4,717$4,259$3,842$3,462$2,662
11 years$4,696$4,199$3,750$3,344$2,978$2,220
12 years$4,261$3,769$3,328$2,933$2,580$1,864
13 years$3,893$3,406$2,973$2,589$2,250$1,573
14 years$3,577$3,096$2,671$2,298$1,973$1,334
15 years$3,304$2,828$2,412$2,050$1,737$1,136
16 years$3,066$2,595$2,187$1,835$1,535$970
17 years$2,856$2,390$1,990$1,649$1,361$830
18 years$2,669$2,208$1,816$1,486$1,210$713
19 years$2,502$2,047$1,663$1,343$1,079$613
20 years$2,352$1,902$1,526$1,216$963$528
21 years$2,216$1,772$1,404$1,104$862$455
22 years$2,093$1,654$1,294$1,004$773$393
23 years$1,981$1,547$1,195$914$694$339
24 years$1,878$1,449$1,105$834$624$293
25 years$1,784$1,360$1,023$761$561$254
26 years$1,697$1,278$949$696$505$220
27 years$1,617$1,203$881$637$456$191
28 years$1,542$1,133$819$584$411$165
29 years$1,473$1,069$762$535$371$143
30 years$1,409$1,010$710$491$335$124
31 years$1,348$955$662$451$303$108
32 years$1,292$903$618$415$274$94
33 years$1,239$855$577$381$248$81
34 years$1,190$811$539$351$225$71
35 years$1,143$769$504$323$204$61
36 years$1,099$730$471$297$184$53
37 years$1,058$693$441$274$167$46
38 years$1,018$659$413$253$152$40
39 years$981$626$387$233$137$35
40 years$946$596$363$215$125$30
41 years$913$567$340$198$113$26
42 years$881$540$319$183$103$23
43 years$851$515$299$169$93$20
44 years$822$491$281$156$85$17
45 years$795$468$264$144$77$15
46 years$769$446$248$133$70$13
47 years$744$426$233$123$63$11
48 years$720$407$219$114$57$10
49 years$697$388$206$105$52$9
50 years$676$371$193$97$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $692,000, adding $4,958 every year, while hoping to spend $31,442 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: 45/26/29 Blend
50$692,000$692,000$692,000$692,000
51$767,698$731,022$720,296$795,615
52$812,549$733,388$710,972$818,343
53$860,922$734,816$700,282$839,589
54$913,141$735,228$688,146$862,033
55$969,565$734,538$674,483$885,808
56$1,030,588$732,657$659,206$911,056
57$1,096,642$729,492$642,224$937,941
58$1,168,204$724,941$623,442$966,642
59$1,245,795$718,897$602,762$997,360
60$1,329,991$711,249$580,079$1,030,318
61$1,421,425$701,874$555,287$1,065,764
62$1,520,792$690,648$528,270$1,103,977
63$1,628,857$677,434$498,912$1,145,261
64$1,746,463$662,090$467,088$1,189,960
65$1,874,535$644,466$432,668$1,238,453
66$2,014,094$624,401$395,519$1,291,161
67$2,166,261$601,726$355,498$1,348,553
68$2,332,271$576,262$312,459$1,411,148
69$2,513,483$547,820$266,247$1,479,521
70$2,711,394$516,198$216,701$1,554,313
71$2,927,649$481,185$163,654$1,636,232
72$3,164,063$442,557$106,930$1,726,063
73$3,422,632$400,077$46,347$1,824,677
74$3,705,554$353,494$0$1,933,039
75$4,015,249$302,543$0$2,057,882
76$4,354,382$246,946$0$2,210,397
77$4,725,888$186,406$0$2,377,602
78$5,133,000$120,611$0$2,561,014
79$5,579,277$49,231$0$2,762,309
80$6,068,639$0$0$2,983,335
81$6,605,406$0$0$3,234,166
82$7,194,332$0$0$3,524,909
83$7,840,656$0$0$3,844,074
84$8,550,149$0$0$4,194,522
85$9,329,168$0$0$4,579,405
86$10,184,714$0$0$5,002,192
87$11,124,501$0$0$5,466,707
88$12,157,026$0$0$5,977,163
89$13,291,650$0$0$6,538,201
90$14,538,686$0$0$7,154,932
91$15,909,495$0$0$7,832,990
92$17,416,594$0$0$8,578,580
93$19,073,774$0$0$9,398,539
94$20,896,228$0$0$10,300,399
95$22,900,695$0$0$11,292,460
96$25,105,619$0$0$12,383,866
97$27,531,321$0$0$13,584,692
98$30,200,189$0$0$14,906,039
99$33,136,894$0$0$16,360,139
100$36,368,614$0$0$17,960,467