Can I retire at age 51 with 696,000?

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 $696,000?

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$57,475$56,963$56,464$55,976$55,500$54,291
2 years$28,453$27,923$27,410$26,912$26,429$25,216
3 years$18,780$18,248$17,736$17,243$16,767$15,590
4 years$13,945$13,414$12,907$12,422$11,959$10,825
5 years$11,044$10,517$10,016$9,541$9,091$8,004
6 years$9,111$8,588$8,095$7,630$7,193$6,155
7 years$7,731$7,212$6,727$6,273$5,850$4,860
8 years$6,696$6,182$5,705$5,263$4,853$3,912
9 years$5,892$5,383$4,914$4,483$4,087$3,193
10 years$5,249$4,745$4,284$3,864$3,482$2,635
11 years$4,723$4,224$3,771$3,363$2,995$2,193
12 years$4,285$3,791$3,347$2,950$2,595$1,838
13 years$3,915$3,426$2,990$2,604$2,263$1,548
14 years$3,598$3,114$2,687$2,312$1,984$1,310
15 years$3,324$2,845$2,426$2,062$1,747$1,113
16 years$3,084$2,610$2,199$1,846$1,544$949
17 years$2,872$2,404$2,001$1,659$1,369$810
18 years$2,684$2,221$1,827$1,495$1,217$694
19 years$2,516$2,059$1,673$1,351$1,085$595
20 years$2,365$1,913$1,535$1,223$969$511
21 years$2,229$1,782$1,412$1,110$867$440
22 years$2,105$1,663$1,301$1,009$777$379
23 years$1,993$1,556$1,201$919$698$327
24 years$1,889$1,458$1,111$838$627$282
25 years$1,794$1,368$1,029$766$564$243
26 years$1,707$1,286$954$700$508$210
27 years$1,626$1,210$886$641$458$182
28 years$1,551$1,140$824$587$414$157
29 years$1,482$1,075$767$538$373$136
30 years$1,417$1,016$714$494$337$118
31 years$1,356$960$666$454$305$102
32 years$1,300$908$621$417$276$88
33 years$1,246$860$580$384$250$76
34 years$1,197$815$542$353$226$66
35 years$1,150$773$507$325$205$57
36 years$1,105$734$474$299$186$50
37 years$1,064$697$444$276$168$43
38 years$1,024$663$415$254$152$37
39 years$987$630$389$234$138$32
40 years$952$599$365$216$125$28
41 years$918$571$342$199$114$24
42 years$886$543$321$184$103$21
43 years$856$518$301$170$94$18
44 years$827$494$283$157$85$16
45 years$799$471$265$145$77$14
46 years$773$449$249$134$70$12
47 years$748$428$234$124$64$10
48 years$724$409$220$114$58$9
49 years$701$391$207$106$52$8
50 years$680$373$194$98$48$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $696,000, adding $2,000 every year, while hoping to spend $21,478 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: 42/46/12 Blend
50$696,000$696,000$696,000$696,000
51$769,055$732,167$721,379$798,572
52$824,646$745,191$722,693$832,478
53$885,188$758,133$723,331$866,873
54$951,162$770,967$723,247$903,643
55$1,023,100$783,663$722,396$943,013
56$1,101,585$796,192$720,725$985,232
57$1,187,261$808,520$718,184$1,030,576
58$1,280,836$820,611$714,716$1,079,349
59$1,383,088$832,427$710,266$1,131,886
60$1,494,875$843,929$704,772$1,188,556
61$1,617,142$855,071$698,172$1,249,768
62$1,750,928$865,807$690,399$1,315,972
63$1,897,379$876,088$681,383$1,387,667
64$2,057,756$885,860$671,054$1,465,400
65$2,233,447$895,067$659,334$1,549,778
66$2,425,980$903,648$646,143$1,641,470
67$2,637,041$911,537$631,400$1,741,213
68$2,868,484$918,667$615,017$1,849,822
69$3,122,352$924,964$596,902$1,968,197
70$3,400,895$930,350$576,961$2,097,328
71$3,706,591$934,742$555,094$2,238,311
72$4,042,170$938,052$531,197$2,392,353
73$4,410,640$940,185$505,160$2,560,789
74$4,815,313$941,042$476,871$2,745,089
75$5,259,838$940,516$446,210$2,946,876
76$5,748,237$938,496$413,052$3,167,941
77$6,284,936$934,862$377,269$3,410,260
78$6,874,816$929,486$338,724$3,676,015
79$7,523,251$922,235$297,275$3,967,609
80$8,236,163$912,965$252,774$4,287,697
81$9,020,077$901,526$205,068$4,639,206
82$9,882,181$887,757$153,993$5,025,366
83$10,830,394$871,487$99,383$5,449,741
84$11,873,442$852,538$41,060$5,916,259
85$13,020,939$830,718$0$6,429,256
86$14,283,478$805,826$0$6,996,225
87$15,672,729$777,648$0$7,625,516
88$17,201,552$745,958$0$8,317,709
89$18,884,117$710,516$0$9,079,245
90$20,736,036$671,070$0$9,917,229
91$22,774,511$627,352$0$10,839,493
92$25,018,497$579,078$0$11,854,674
93$27,488,881$525,951$0$12,972,294
94$30,208,677$467,653$0$14,202,853
95$33,203,244$403,849$0$15,557,927
96$36,500,526$334,188$0$17,050,277
97$40,131,312$258,296$0$18,693,975
98$44,129,532$175,779$0$20,504,535
99$48,532,573$86,221$0$22,499,059
100$53,381,631$0$0$24,696,403