Can I retire at age 51 with 692,000?

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 $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%15.4%
1 years$57,145$56,636$56,139$55,654$55,181$53,957
2 years$28,289$27,763$27,252$26,757$26,277$25,050
3 years$18,672$18,143$17,634$17,143$16,671$15,479
4 years$13,865$13,337$12,833$12,351$11,890$10,743
5 years$10,981$10,456$9,959$9,487$9,039$7,939
6 years$9,059$8,539$8,048$7,587$7,152$6,102
7 years$7,687$7,171$6,688$6,237$5,816$4,816
8 years$6,658$6,147$5,672$5,232$4,825$3,873
9 years$5,858$5,352$4,885$4,457$4,064$3,160
10 years$5,219$4,717$4,259$3,842$3,462$2,606
11 years$4,696$4,199$3,750$3,344$2,978$2,168
12 years$4,261$3,769$3,328$2,933$2,580$1,815
13 years$3,893$3,406$2,973$2,589$2,250$1,528
14 years$3,577$3,096$2,671$2,298$1,973$1,293
15 years$3,304$2,828$2,412$2,050$1,737$1,097
16 years$3,066$2,595$2,187$1,835$1,535$934
17 years$2,856$2,390$1,990$1,649$1,361$798
18 years$2,669$2,208$1,816$1,486$1,210$683
19 years$2,502$2,047$1,663$1,343$1,079$585
20 years$2,352$1,902$1,526$1,216$963$502
21 years$2,216$1,772$1,404$1,104$862$432
22 years$2,093$1,654$1,294$1,004$773$372
23 years$1,981$1,547$1,195$914$694$320
24 years$1,878$1,449$1,105$834$624$276
25 years$1,784$1,360$1,023$761$561$238
26 years$1,697$1,278$949$696$505$206
27 years$1,617$1,203$881$637$456$177
28 years$1,542$1,133$819$584$411$153
29 years$1,473$1,069$762$535$371$133
30 years$1,409$1,010$710$491$335$115
31 years$1,348$955$662$451$303$99
32 years$1,292$903$618$415$274$86
33 years$1,239$855$577$381$248$74
34 years$1,190$811$539$351$225$64
35 years$1,143$769$504$323$204$56
36 years$1,099$730$471$297$184$48
37 years$1,058$693$441$274$167$42
38 years$1,018$659$413$253$152$36
39 years$981$626$387$233$137$31
40 years$946$596$363$215$125$27
41 years$913$567$340$198$113$23
42 years$881$540$319$183$103$20
43 years$851$515$299$169$93$18
44 years$822$491$281$156$85$15
45 years$795$468$264$144$77$13
46 years$769$446$248$133$70$11
47 years$744$426$233$123$63$10
48 years$720$407$219$114$57$9
49 years$697$388$206$105$52$7
50 years$676$371$193$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $692,000, adding $3,536 every year, while hoping to spend $37,710 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: 63/13/24 Blend
50$692,000$692,000$692,000$692,000
51$766,231$729,555$718,829$809,465
52$804,264$725,180$702,787$834,737
53$844,912$719,327$684,943$857,832
54$888,402$711,884$665,198$882,216
55$934,984$702,730$643,447$908,018
56$984,929$691,742$619,580$935,384
57$1,038,539$678,784$593,482$964,475
58$1,096,140$663,715$565,035$995,470
59$1,158,095$646,385$534,112$1,028,569
60$1,224,799$626,636$500,582$1,063,993
61$1,296,686$604,299$464,310$1,101,986
62$1,374,236$579,197$425,152$1,142,821
63$1,457,972$551,142$382,959$1,186,800
64$1,548,471$519,934$337,574$1,234,256
65$1,646,368$485,363$288,835$1,285,563
66$1,752,358$447,207$236,572$1,341,130
67$1,867,209$405,230$180,607$1,401,413
68$1,991,761$359,184$120,755$1,466,919
69$2,126,942$308,805$56,822$1,538,205
70$2,273,770$253,817$0$1,615,891
71$2,433,366$193,925$0$1,703,584
72$2,606,963$128,821$0$1,814,841
73$2,795,916$58,176$0$1,935,992
74$3,001,718$0$0$2,068,025
75$3,226,011$0$0$2,214,656
76$3,470,603$0$0$2,383,678
77$3,737,483$0$0$2,568,149
78$4,028,841$0$0$2,769,587
79$4,347,086$0$0$2,989,667
80$4,694,872$0$0$3,230,228
81$5,075,120$0$0$3,493,298
82$5,491,047$0$0$3,781,110
83$5,946,194$0$0$4,096,120
84$6,444,460$0$0$4,441,036
85$6,990,140$0$0$4,818,837
86$7,587,962$0$0$5,232,805
87$8,243,133$0$0$5,686,556
88$8,961,390$0$0$6,184,068
89$9,749,049$0$0$6,729,728
90$10,613,068$0$0$7,328,365
91$11,561,109$0$0$7,985,296
92$12,601,614$0$0$8,706,382
93$13,743,881$0$0$9,498,076
94$14,998,151$0$0$10,367,487
95$16,375,707$0$0$11,322,448
96$17,888,978$0$0$12,371,585
97$19,551,656$0$0$13,524,403
98$21,378,823$0$0$14,791,372
99$23,387,098$0$0$16,184,028
100$25,594,788$0$0$17,715,079