Can I retire at age 51 with 699,000?

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 $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%17.1%
1 years$57,723$57,209$56,707$56,217$55,739$54,129
2 years$28,576$28,043$27,528$27,028$26,542$24,933
3 years$18,861$18,327$17,812$17,317$16,840$15,281
4 years$14,005$13,472$12,963$12,476$12,010$10,515
5 years$11,092$10,562$10,060$9,583$9,130$7,702
6 years$9,151$8,625$8,130$7,663$7,224$5,864
7 years$7,764$7,243$6,756$6,300$5,875$4,584
8 years$6,725$6,209$5,729$5,285$4,874$3,651
9 years$5,917$5,406$4,935$4,502$4,105$2,948
10 years$5,272$4,765$4,302$3,881$3,497$2,405
11 years$4,744$4,242$3,788$3,377$3,008$1,979
12 years$4,304$3,807$3,361$2,962$2,607$1,639
13 years$3,932$3,441$3,003$2,615$2,273$1,364
14 years$3,614$3,128$2,698$2,322$1,992$1,140
15 years$3,338$2,857$2,436$2,070$1,754$957
16 years$3,097$2,621$2,209$1,854$1,550$805
17 years$2,884$2,414$2,010$1,666$1,375$679
18 years$2,696$2,231$1,835$1,501$1,222$573
19 years$2,527$2,067$1,680$1,356$1,090$485
20 years$2,376$1,921$1,542$1,228$973$411
21 years$2,239$1,789$1,418$1,115$871$349
22 years$2,114$1,670$1,307$1,014$781$296
23 years$2,001$1,562$1,207$923$701$252
24 years$1,897$1,464$1,116$842$630$214
25 years$1,802$1,374$1,034$769$567$182
26 years$1,714$1,291$959$703$511$155
27 years$1,633$1,215$890$644$460$132
28 years$1,558$1,145$827$590$415$113
29 years$1,488$1,080$770$541$375$96
30 years$1,423$1,020$717$496$339$82
31 years$1,362$964$669$456$306$70
32 years$1,305$912$624$419$277$60
33 years$1,252$864$583$385$251$51
34 years$1,202$819$544$354$227$43
35 years$1,155$777$509$326$206$37
36 years$1,110$737$476$300$186$32
37 years$1,068$700$446$277$169$27
38 years$1,029$665$417$255$153$23
39 years$991$633$391$235$139$20
40 years$956$602$366$217$126$17
41 years$922$573$344$200$114$14
42 years$890$546$322$185$104$12
43 years$859$520$302$171$94$10
44 years$831$496$284$157$85$9
45 years$803$473$267$145$78$8
46 years$777$451$250$134$70$7
47 years$751$430$235$124$64$6
48 years$727$411$221$115$58$5
49 years$704$392$208$106$53$4
50 years$682$375$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 $699,000, adding $5,360 every year, while hoping to spend $37,997 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: 47/42/11 Blend
50$699,000$699,000$699,000$699,000
51$775,827$738,780$727,945$809,681
52$814,533$734,552$711,903$829,360
53$855,913$728,843$694,050$846,339
54$900,200$721,540$674,285$863,908
55$947,650$712,525$652,503$882,134
56$998,542$701,671$628,593$901,093
57$1,053,184$688,842$602,441$920,873
58$1,111,911$673,899$573,926$941,572
59$1,175,095$656,688$542,921$963,302
60$1,243,142$637,053$509,296$986,186
61$1,316,497$614,823$472,912$1,010,367
62$1,395,650$589,820$433,625$1,036,003
63$1,481,141$561,856$391,286$1,063,274
64$1,573,560$530,730$345,737$1,092,379
65$1,673,559$496,231$296,815$1,123,545
66$1,781,852$458,136$244,348$1,157,023
67$1,899,224$416,209$188,157$1,193,096
68$2,026,541$370,199$128,056$1,232,082
69$2,164,752$319,842$63,850$1,274,333
70$2,314,903$264,861$0$1,320,245
71$2,478,144$204,960$0$1,370,809
72$2,655,740$139,828$0$1,434,002
73$2,849,083$69,137$0$1,502,898
74$3,059,704$0$0$1,578,138
75$3,289,289$0$0$1,663,882
76$3,539,693$0$0$1,792,323
77$3,812,957$0$0$1,932,565
78$4,111,328$0$0$2,085,771
79$4,437,282$0$0$2,253,220
80$4,793,540$0$0$2,436,322
81$5,183,102$0$0$2,636,629
82$5,609,269$0$0$2,855,849
83$6,075,675$0$0$3,095,863
84$6,586,325$0$0$3,358,743
85$7,145,625$0$0$3,646,771
86$7,758,429$0$0$3,962,458
87$8,430,084$0$0$4,308,573
88$9,166,478$0$0$4,688,163
89$9,974,094$0$0$5,104,585
90$10,860,074$0$0$5,561,535
91$11,832,287$0$0$6,063,088
92$12,899,396$0$0$6,613,729
93$14,070,948$0$0$7,218,400
94$15,357,455$0$0$7,882,544
95$16,770,502$0$0$8,612,159
96$18,322,846$0$0$9,413,851
97$20,028,546$0$0$10,294,898
98$21,903,084$0$0$11,263,318
99$23,963,522$0$0$12,327,944
100$26,228,654$0$0$13,498,509