Can I retire at age 51 with 699,000?

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 $699,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$57,723$57,209$56,707$56,217$55,739$53,933
2 years$28,576$28,043$27,528$27,028$26,542$24,740
3 years$18,861$18,327$17,812$17,317$16,840$15,097
4 years$14,005$13,472$12,963$12,476$12,010$10,341
5 years$11,092$10,562$10,060$9,583$9,130$7,539
6 years$9,151$8,625$8,130$7,663$7,224$5,712
7 years$7,764$7,243$6,756$6,300$5,875$4,442
8 years$6,725$6,209$5,729$5,285$4,874$3,519
9 years$5,917$5,406$4,935$4,502$4,105$2,826
10 years$5,272$4,765$4,302$3,881$3,497$2,293
11 years$4,744$4,242$3,788$3,377$3,008$1,876
12 years$4,304$3,807$3,361$2,962$2,607$1,544
13 years$3,932$3,441$3,003$2,615$2,273$1,277
14 years$3,614$3,128$2,698$2,322$1,992$1,061
15 years$3,338$2,857$2,436$2,070$1,754$885
16 years$3,097$2,621$2,209$1,854$1,550$739
17 years$2,884$2,414$2,010$1,666$1,375$619
18 years$2,696$2,231$1,835$1,501$1,222$520
19 years$2,527$2,067$1,680$1,356$1,090$437
20 years$2,376$1,921$1,542$1,228$973$368
21 years$2,239$1,789$1,418$1,115$871$310
22 years$2,114$1,670$1,307$1,014$781$261
23 years$2,001$1,562$1,207$923$701$221
24 years$1,897$1,464$1,116$842$630$186
25 years$1,802$1,374$1,034$769$567$157
26 years$1,714$1,291$959$703$511$133
27 years$1,633$1,215$890$644$460$113
28 years$1,558$1,145$827$590$415$95
29 years$1,488$1,080$770$541$375$81
30 years$1,423$1,020$717$496$339$68
31 years$1,362$964$669$456$306$58
32 years$1,305$912$624$419$277$49
33 years$1,252$864$583$385$251$41
34 years$1,202$819$544$354$227$35
35 years$1,155$777$509$326$206$30
36 years$1,110$737$476$300$186$25
37 years$1,068$700$446$277$169$21
38 years$1,029$665$417$255$153$18
39 years$991$633$391$235$139$15
40 years$956$602$366$217$126$13
41 years$922$573$344$200$114$11
42 years$890$546$322$185$104$9
43 years$859$520$302$171$94$8
44 years$831$496$284$157$85$7
45 years$803$473$267$145$78$6
46 years$777$451$250$134$70$5
47 years$751$430$235$124$64$4
48 years$727$411$221$115$58$3
49 years$704$392$208$106$53$3
50 years$682$375$195$98$48$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $699,000, adding $4,070 every year, while hoping to spend $51,114 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: 22/49/29 Blend
50$699,000$699,000$699,000$699,000
51$774,496$737,449$726,615$784,367
52$799,110$719,199$696,571$775,239
53$824,521$698,342$663,809$760,956
54$850,757$674,696$628,181$744,583
55$877,847$648,068$589,537$725,984
56$905,819$618,255$547,719$705,014
57$934,705$585,042$502,560$681,519
58$964,537$548,201$453,888$655,340
59$995,348$507,492$401,521$626,305
60$1,027,174$462,659$345,273$594,238
61$1,060,050$413,434$284,944$558,948
62$1,094,015$359,532$220,329$520,237
63$1,129,108$300,653$151,214$477,897
64$1,165,372$236,479$77,374$431,707
65$1,202,848$166,675$0$381,435
66$1,241,584$90,887$0$327,279
67$1,281,625$8,741$0$294,119
68$1,323,023$0$0$257,796
69$1,365,830$0$0$261,329
70$1,410,101$0$0$269,863
71$1,455,893$0$0$278,697
72$1,503,269$0$0$287,843
73$1,552,290$0$0$297,315
74$1,603,027$0$0$307,126
75$1,655,549$0$0$317,292
76$1,709,932$0$0$327,828
77$1,766,256$0$0$338,752
78$1,824,606$0$0$350,080
79$1,885,070$0$0$361,832
80$1,947,743$0$0$374,028
81$2,012,727$0$0$386,690
82$2,080,128$0$0$399,841
83$2,150,060$0$0$413,505
84$2,222,645$0$0$427,708
85$2,298,012$0$0$442,478
86$2,376,298$0$0$457,847
87$2,457,653$0$0$473,845
88$2,542,233$0$0$490,508
89$2,630,208$0$0$507,873
90$2,721,760$0$0$525,980
91$2,817,083$0$0$544,873
92$2,916,386$0$0$564,598
93$3,019,896$0$0$585,206
94$3,127,853$0$0$606,750
95$3,240,520$0$0$629,291
96$3,358,178$0$0$652,891
97$3,481,132$0$0$677,620
98$3,609,710$0$0$703,553
99$3,744,268$0$0$730,770
100$3,885,192$0$0$759,361