Can I retire at age 51 with 695,000?

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 $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%13.6%
1 years$57,392$56,881$56,382$55,896$55,420$54,592
2 years$28,412$27,883$27,370$26,873$26,391$25,558
3 years$18,753$18,222$17,710$17,218$16,743$15,932
4 years$13,925$13,395$12,889$12,404$11,941$11,158
5 years$11,028$10,502$10,002$9,528$9,078$8,325
6 years$9,098$8,576$8,083$7,619$7,183$6,461
7 years$7,720$7,202$6,717$6,264$5,842$5,151
8 years$6,687$6,173$5,697$5,255$4,846$4,186
9 years$5,884$5,375$4,907$4,476$4,081$3,452
10 years$5,241$4,738$4,278$3,858$3,477$2,879
11 years$4,716$4,218$3,766$3,358$2,991$2,422
12 years$4,279$3,786$3,342$2,945$2,592$2,052
13 years$3,909$3,421$2,986$2,600$2,260$1,748
14 years$3,593$3,110$2,683$2,308$1,981$1,497
15 years$3,319$2,841$2,422$2,059$1,744$1,286
16 years$3,079$2,606$2,196$1,843$1,542$1,109
17 years$2,868$2,400$1,998$1,656$1,367$959
18 years$2,680$2,218$1,824$1,493$1,215$832
19 years$2,513$2,056$1,670$1,349$1,083$722
20 years$2,362$1,910$1,533$1,221$968$629
21 years$2,226$1,779$1,410$1,109$866$548
22 years$2,102$1,661$1,299$1,008$776$478
23 years$1,990$1,553$1,200$918$697$418
24 years$1,887$1,455$1,110$837$626$365
25 years$1,792$1,366$1,028$765$564$320
26 years$1,705$1,284$953$699$508$280
27 years$1,624$1,208$885$640$458$245
28 years$1,549$1,138$823$586$413$215
29 years$1,479$1,074$766$538$373$189
30 years$1,415$1,014$713$493$337$166
31 years$1,354$959$665$453$305$145
32 years$1,298$907$620$416$276$128
33 years$1,245$859$579$383$249$112
34 years$1,195$814$541$352$226$99
35 years$1,148$772$506$324$204$87
36 years$1,104$733$473$299$185$76
37 years$1,062$696$443$275$168$67
38 years$1,023$662$415$254$152$59
39 years$985$629$389$234$138$52
40 years$950$599$364$216$125$46
41 years$917$570$342$199$114$40
42 years$885$543$320$184$103$35
43 years$855$517$301$170$94$31
44 years$826$493$282$157$85$27
45 years$798$470$265$145$77$24
46 years$772$448$249$134$70$21
47 years$747$428$234$123$64$19
48 years$723$408$220$114$58$16
49 years$700$390$207$105$52$14
50 years$679$373$194$97$48$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $695,000, adding $4,316 every year, while hoping to spend $51,809 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: 65/14/21 Blend
50$695,000$695,000$695,000$695,000
51$770,342$733,507$722,734$816,020
52$793,792$714,324$691,822$828,069
53$817,898$692,466$658,137$834,955
54$842,672$667,744$621,533$841,269
55$868,125$639,964$581,854$846,958
56$894,269$608,918$538,941$851,964
57$921,113$574,384$492,625$856,227
58$948,668$536,130$442,729$859,680
59$976,942$493,910$389,071$862,254
60$1,005,943$447,464$331,457$863,875
61$1,035,676$396,517$269,688$864,463
62$1,066,147$340,777$203,554$863,934
63$1,097,357$279,939$132,836$862,197
64$1,129,309$213,677$57,308$859,156
65$1,162,000$141,650$0$854,709
66$1,195,428$63,494$0$853,965
67$1,229,584$0$0$865,630
68$1,264,459$0$0$880,045
69$1,300,040$0$0$904,722
70$1,336,307$0$0$929,866
71$1,373,240$0$0$955,460
72$1,410,809$0$0$981,483
73$1,448,982$0$0$1,007,910
74$1,487,718$0$0$1,034,712
75$1,526,969$0$0$1,061,853
76$1,566,681$0$0$1,089,293
77$1,606,788$0$0$1,116,985
78$1,647,215$0$0$1,144,873
79$1,687,877$0$0$1,172,896
80$1,728,675$0$0$1,200,981
81$1,769,496$0$0$1,229,048
82$1,810,212$0$0$1,257,002
83$1,850,679$0$0$1,284,739
84$1,890,732$0$0$1,312,140
85$1,930,185$0$0$1,339,072
86$1,968,831$0$0$1,365,383
87$2,006,434$0$0$1,390,904
88$2,042,732$0$0$1,415,445
89$2,077,428$0$0$1,438,794
90$2,110,193$0$0$1,460,712
91$2,140,658$0$0$1,480,933
92$2,168,409$0$0$1,499,160
93$2,192,988$0$0$1,515,062
94$2,213,880$0$0$1,528,270
95$2,230,516$0$0$1,538,374
96$2,242,259$0$0$1,544,916
97$2,248,403$0$0$1,547,389
98$2,248,163$0$0$1,545,228
99$2,240,667$0$0$1,537,807
100$2,224,947$0$0$1,524,431