Can I retire at age 51 with 697,000?

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 $697,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$57,558$57,045$56,545$56,056$55,580$53,909
2 years$28,494$27,963$27,449$26,950$26,467$24,797
3 years$18,807$18,274$17,761$17,267$16,791$15,176
4 years$13,965$13,434$12,926$12,440$11,976$10,426
5 years$11,060$10,532$10,031$9,555$9,104$7,625
6 years$9,124$8,600$8,106$7,641$7,204$5,796
7 years$7,742$7,222$6,736$6,282$5,858$4,523
8 years$6,706$6,191$5,713$5,270$4,860$3,596
9 years$5,901$5,390$4,921$4,489$4,093$2,898
10 years$5,257$4,751$4,290$3,870$3,487$2,361
11 years$4,730$4,230$3,777$3,368$2,999$1,938
12 years$4,291$3,796$3,352$2,954$2,599$1,602
13 years$3,921$3,431$2,995$2,608$2,266$1,331
14 years$3,603$3,119$2,691$2,315$1,987$1,110
15 years$3,328$2,849$2,429$2,065$1,749$929
16 years$3,088$2,614$2,203$1,849$1,546$780
17 years$2,876$2,407$2,004$1,661$1,371$656
18 years$2,688$2,224$1,830$1,497$1,219$553
19 years$2,520$2,062$1,675$1,353$1,086$467
20 years$2,369$1,916$1,537$1,225$970$395
21 years$2,232$1,784$1,414$1,112$868$334
22 years$2,108$1,666$1,303$1,011$778$283
23 years$1,995$1,558$1,203$921$699$240
24 years$1,892$1,460$1,113$840$628$204
25 years$1,797$1,370$1,031$767$565$173
26 years$1,709$1,287$956$701$509$147
27 years$1,628$1,212$888$642$459$125
28 years$1,553$1,142$825$588$414$106
29 years$1,484$1,077$768$539$374$90
30 years$1,419$1,017$715$495$338$77
31 years$1,358$962$667$454$305$65
32 years$1,301$910$622$418$276$56
33 years$1,248$862$581$384$250$47
34 years$1,198$817$543$353$226$40
35 years$1,151$775$507$325$205$34
36 years$1,107$735$475$300$186$29
37 years$1,065$698$444$276$168$25
38 years$1,026$664$416$254$153$21
39 years$988$631$390$235$138$18
40 years$953$600$365$216$126$15
41 years$919$571$343$200$114$13
42 years$887$544$321$184$103$11
43 years$857$519$302$170$94$9
44 years$828$494$283$157$85$8
45 years$801$471$266$145$77$7
46 years$774$450$250$134$70$6
47 years$749$429$235$124$64$5
48 years$725$410$220$114$58$4
49 years$702$391$207$106$53$4
50 years$681$374$195$98$48$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $697,000, adding $5,900 every year, while hoping to spend $52,344 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: 66/28/6 Blend
50$697,000$697,000$697,000$697,000
51$774,180$737,239$726,435$824,159
52$797,453$717,670$695,077$838,524
53$821,345$695,388$660,914$847,384
54$845,864$670,204$623,798$855,670
55$871,018$641,920$583,571$863,317
56$896,813$610,325$540,071$870,260
57$923,252$575,195$493,127$876,426
58$950,339$536,295$442,563$881,736
59$978,076$493,376$388,191$886,108
60$1,006,463$446,174$329,818$889,451
61$1,035,497$394,411$267,242$891,670
62$1,065,173$337,793$200,250$892,663
63$1,095,483$276,008$128,621$892,318
64$1,126,418$208,727$52,125$890,517
65$1,157,963$135,605$0$887,134
66$1,190,099$56,274$0$883,921
67$1,222,806$0$0$882,528
68$1,256,055$0$0$888,610
69$1,289,814$0$0$912,378
70$1,324,044$0$0$936,463
71$1,358,699$0$0$960,833
72$1,393,727$0$0$985,447
73$1,429,065$0$0$1,010,260
74$1,464,643$0$0$1,035,219
75$1,500,380$0$0$1,060,264
76$1,536,181$0$0$1,085,327
77$1,571,941$0$0$1,110,328
78$1,607,539$0$0$1,135,181
79$1,642,838$0$0$1,159,784
80$1,677,686$0$0$1,184,024
81$1,711,906$0$0$1,207,773
82$1,745,305$0$0$1,230,889
83$1,777,663$0$0$1,253,210
84$1,808,732$0$0$1,274,556
85$1,838,238$0$0$1,294,726
86$1,865,871$0$0$1,313,493
87$1,891,287$0$0$1,330,605
88$1,914,101$0$0$1,345,781
89$1,933,883$0$0$1,358,709
90$1,950,157$0$0$1,369,038
91$1,962,390$0$0$1,376,381
92$1,969,990$0$0$1,380,305
93$1,972,299$0$0$1,380,330
94$1,968,587$0$0$1,375,925
95$1,958,043$0$0$1,366,496
96$1,939,766$0$0$1,351,387
97$1,912,757$0$0$1,329,871
98$1,875,911$0$0$1,301,140
99$1,828,000$0$0$1,264,301
100$1,767,665$0$0$1,218,363