Can I retire at age 51 with 694,000?

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 $694,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$57,310$56,799$56,301$55,815$55,341$54,290
2 years$28,371$27,843$27,331$26,834$26,353$25,298
3 years$18,726$18,196$17,685$17,193$16,719$15,694
4 years$13,905$13,376$12,870$12,387$11,924$10,936
5 years$11,013$10,487$9,988$9,514$9,065$8,116
6 years$9,085$8,563$8,072$7,608$7,173$6,265
7 years$7,709$7,191$6,707$6,255$5,833$4,967
8 years$6,677$6,164$5,688$5,247$4,839$4,013
9 years$5,875$5,367$4,899$4,470$4,075$3,290
10 years$5,234$4,731$4,271$3,853$3,472$2,727
11 years$4,710$4,212$3,761$3,353$2,986$2,279
12 years$4,273$3,780$3,337$2,941$2,588$1,919
13 years$3,904$3,416$2,982$2,597$2,257$1,624
14 years$3,588$3,105$2,679$2,305$1,978$1,381
15 years$3,314$2,837$2,419$2,056$1,742$1,179
16 years$3,075$2,603$2,193$1,841$1,539$1,010
17 years$2,864$2,397$1,996$1,654$1,365$867
18 years$2,676$2,215$1,822$1,490$1,214$746
19 years$2,509$2,053$1,668$1,347$1,082$643
20 years$2,359$1,907$1,531$1,220$966$556
21 years$2,223$1,777$1,408$1,107$865$481
22 years$2,099$1,658$1,297$1,006$775$416
23 years$1,987$1,551$1,198$917$696$361
24 years$1,884$1,453$1,108$836$625$313
25 years$1,789$1,364$1,026$763$563$272
26 years$1,702$1,282$952$698$507$236
27 years$1,621$1,206$884$639$457$205
28 years$1,547$1,137$822$585$412$178
29 years$1,477$1,072$765$537$372$155
30 years$1,413$1,013$712$493$336$135
31 years$1,352$957$664$453$304$118
32 years$1,296$906$619$416$275$103
33 years$1,243$858$578$382$249$89
34 years$1,193$813$540$352$225$78
35 years$1,146$771$505$324$204$68
36 years$1,102$732$473$298$185$59
37 years$1,061$695$442$275$168$52
38 years$1,021$661$414$253$152$45
39 years$984$628$388$234$138$39
40 years$949$598$364$215$125$34
41 years$915$569$341$199$113$30
42 years$884$542$320$183$103$26
43 years$853$516$300$169$93$23
44 years$825$492$282$156$85$20
45 years$797$469$265$144$77$17
46 years$771$448$249$133$70$15
47 years$746$427$234$123$63$13
48 years$722$408$219$114$58$11
49 years$699$389$206$105$52$10
50 years$678$372$194$97$48$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $694,000, adding $5,858 every year, while hoping to spend $20,704 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: 73/21/6 Blend
50$694,000$694,000$694,000$694,000
51$770,831$734,049$723,292$826,133
52$827,426$747,988$725,493$877,305
53$889,101$761,917$727,074$930,146
54$956,351$775,812$727,993$987,426
55$1,029,722$789,650$728,203$1,049,575
56$1,109,815$803,404$727,660$1,117,069
57$1,197,292$817,047$726,312$1,190,431
58$1,292,881$830,548$724,109$1,270,237
59$1,397,385$843,875$720,997$1,357,121
60$1,511,686$856,992$716,918$1,451,783
61$1,636,756$869,863$711,813$1,554,993
62$1,773,667$882,448$705,620$1,667,600
63$1,923,595$894,702$698,273$1,790,538
64$2,087,841$906,581$689,704$1,924,837
65$2,267,833$918,036$679,841$2,071,632
66$2,465,145$929,013$668,609$2,232,174
67$2,681,512$939,457$655,930$2,407,840
68$2,918,844$949,308$641,721$2,600,148
69$3,179,243$958,502$625,896$2,810,772
70$3,465,028$966,970$608,365$3,041,555
71$3,778,750$974,641$589,035$3,294,528
72$4,123,221$981,437$567,806$3,571,930
73$4,501,538$987,275$544,576$3,876,229
74$4,917,112$992,069$519,236$4,210,141
75$5,373,701$995,724$491,675$4,576,665
76$5,875,447$998,143$461,774$4,979,101
77$6,426,910$999,219$429,411$5,421,088
78$7,033,115$998,842$394,457$5,906,636
79$7,699,600$996,892$356,778$6,440,165
80$8,432,462$993,243$316,233$7,026,544
81$9,238,423$987,761$272,677$7,671,143
82$10,124,886$980,306$225,955$8,379,875
83$11,100,009$970,725$175,909$9,159,261
84$12,172,780$958,860$122,372$10,016,486
85$13,353,101$944,542$65,169$10,959,469
86$14,651,884$927,591$4,119$11,996,935
87$16,081,151$907,818$0$13,138,504
88$17,654,148$885,021$0$14,398,683
89$19,385,472$858,988$0$15,785,781
90$21,291,205$829,493$0$17,312,424
91$23,389,068$796,298$0$18,992,814
92$25,698,587$759,151$0$20,842,604
93$28,241,277$717,784$0$22,879,043
94$31,040,848$671,915$0$25,121,142
95$34,123,421$621,246$0$27,589,850
96$37,517,784$565,461$0$30,308,256
97$41,255,656$504,226$0$33,301,802
98$45,371,988$437,189$0$36,598,529
99$49,905,297$363,978$0$40,229,338
100$54,898,023$284,198$0$44,228,285