Can I retire at age 51 with 695,000?

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 $695,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$57,392$56,881$56,382$55,896$55,420$54,213
2 years$28,412$27,883$27,370$26,873$26,391$25,180
3 years$18,753$18,222$17,710$17,218$16,743$15,568
4 years$13,925$13,395$12,889$12,404$11,941$10,810
5 years$11,028$10,502$10,002$9,528$9,078$7,993
6 years$9,098$8,576$8,083$7,619$7,183$6,146
7 years$7,720$7,202$6,717$6,264$5,842$4,854
8 years$6,687$6,173$5,697$5,255$4,846$3,906
9 years$5,884$5,375$4,907$4,476$4,081$3,189
10 years$5,241$4,738$4,278$3,858$3,477$2,631
11 years$4,716$4,218$3,766$3,358$2,991$2,190
12 years$4,279$3,786$3,342$2,945$2,592$1,835
13 years$3,909$3,421$2,986$2,600$2,260$1,546
14 years$3,593$3,110$2,683$2,308$1,981$1,309
15 years$3,319$2,841$2,422$2,059$1,744$1,112
16 years$3,079$2,606$2,196$1,843$1,542$947
17 years$2,868$2,400$1,998$1,656$1,367$809
18 years$2,680$2,218$1,824$1,493$1,215$693
19 years$2,513$2,056$1,670$1,349$1,083$594
20 years$2,362$1,910$1,533$1,221$968$511
21 years$2,226$1,779$1,410$1,109$866$439
22 years$2,102$1,661$1,299$1,008$776$378
23 years$1,990$1,553$1,200$918$697$326
24 years$1,887$1,455$1,110$837$626$281
25 years$1,792$1,366$1,028$765$564$243
26 years$1,705$1,284$953$699$508$210
27 years$1,624$1,208$885$640$458$181
28 years$1,549$1,138$823$586$413$157
29 years$1,479$1,074$766$538$373$136
30 years$1,415$1,014$713$493$337$117
31 years$1,354$959$665$453$305$102
32 years$1,298$907$620$416$276$88
33 years$1,245$859$579$383$249$76
34 years$1,195$814$541$352$226$66
35 years$1,148$772$506$324$204$57
36 years$1,104$733$473$299$185$50
37 years$1,062$696$443$275$168$43
38 years$1,023$662$415$254$152$37
39 years$985$629$389$234$138$32
40 years$950$599$364$216$125$28
41 years$917$570$342$199$114$24
42 years$885$543$320$184$103$21
43 years$855$517$301$170$94$18
44 years$826$493$282$157$85$16
45 years$798$470$265$145$77$14
46 years$772$448$249$134$70$12
47 years$747$428$234$123$64$10
48 years$723$408$220$114$58$9
49 years$700$390$207$105$52$8
50 years$679$373$194$97$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $695,000, adding $3,249 every year, while hoping to spend $56,119 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: 51/41/8 Blend
50$695,000$695,000$695,000$695,000
51$769,241$732,406$721,634$806,744
52$787,994$708,584$686,098$808,816
53$806,778$681,714$647,492$804,765
54$825,538$651,586$605,651$799,037
55$844,211$617,982$560,408$791,487
56$862,724$580,666$511,585$781,960
57$880,995$539,393$458,998$770,289
58$898,935$493,901$402,452$756,295
59$916,438$443,914$341,746$739,784
60$933,390$389,141$276,670$720,548
61$949,660$329,274$207,003$698,364
62$965,104$263,986$132,515$672,991
63$979,558$192,935$52,968$644,171
64$992,841$115,757$0$611,625
65$1,004,749$32,068$0$577,776
66$1,015,058$0$0$544,579
67$1,023,514$0$0$533,593
68$1,029,838$0$0$535,835
69$1,033,718$0$0$536,662
70$1,034,807$0$0$535,879
71$1,032,719$0$0$533,266
72$1,027,029$0$0$528,583
73$1,017,260$0$0$521,561
74$1,002,888$0$0$511,903
75$983,328$0$0$499,280
76$957,935$0$0$483,327
77$925,992$0$0$463,641
78$886,707$0$0$439,773
79$839,202$0$0$411,230
80$782,507$0$0$377,463
81$715,546$0$0$337,866
82$637,132$0$0$291,771
83$545,951$0$0$238,436
84$440,550$0$0$177,044
85$319,323$0$0$106,690
86$180,497$0$0$26,375
87$22,113$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0