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%12.6%
1 years$57,723$57,209$56,707$56,217$55,739$55,134
2 years$28,576$28,043$27,528$27,028$26,542$25,933
3 years$18,861$18,327$17,812$17,317$16,840$16,245
4 years$14,005$13,472$12,963$12,476$12,010$11,435
5 years$11,092$10,562$10,060$9,583$9,130$8,576
6 years$9,151$8,625$8,130$7,663$7,224$6,692
7 years$7,764$7,243$6,756$6,300$5,875$5,365
8 years$6,725$6,209$5,729$5,285$4,874$4,385
9 years$5,917$5,406$4,935$4,502$4,105$3,638
10 years$5,272$4,765$4,302$3,881$3,497$3,052
11 years$4,744$4,242$3,788$3,377$3,008$2,583
12 years$4,304$3,807$3,361$2,962$2,607$2,203
13 years$3,932$3,441$3,003$2,615$2,273$1,889
14 years$3,614$3,128$2,698$2,322$1,992$1,628
15 years$3,338$2,857$2,436$2,070$1,754$1,409
16 years$3,097$2,621$2,209$1,854$1,550$1,224
17 years$2,884$2,414$2,010$1,666$1,375$1,066
18 years$2,696$2,231$1,835$1,501$1,222$930
19 years$2,527$2,067$1,680$1,356$1,090$814
20 years$2,376$1,921$1,542$1,228$973$714
21 years$2,239$1,789$1,418$1,115$871$627
22 years$2,114$1,670$1,307$1,014$781$551
23 years$2,001$1,562$1,207$923$701$485
24 years$1,897$1,464$1,116$842$630$427
25 years$1,802$1,374$1,034$769$567$377
26 years$1,714$1,291$959$703$511$333
27 years$1,633$1,215$890$644$460$294
28 years$1,558$1,145$827$590$415$260
29 years$1,488$1,080$770$541$375$230
30 years$1,423$1,020$717$496$339$203
31 years$1,362$964$669$456$306$180
32 years$1,305$912$624$419$277$159
33 years$1,252$864$583$385$251$141
34 years$1,202$819$544$354$227$125
35 years$1,155$777$509$326$206$111
36 years$1,110$737$476$300$186$98
37 years$1,068$700$446$277$169$87
38 years$1,029$665$417$255$153$77
39 years$991$633$391$235$139$69
40 years$956$602$366$217$126$61
41 years$922$573$344$200$114$54
42 years$890$546$322$185$104$48
43 years$859$520$302$171$94$42
44 years$831$496$284$157$85$38
45 years$803$473$267$145$78$33
46 years$777$451$250$134$70$30
47 years$751$430$235$124$64$26
48 years$727$411$221$115$58$23
49 years$704$392$208$106$53$21
50 years$682$375$195$98$48$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $699,000, adding $5,059 every year, while hoping to spend $26,462 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: 52/21/27 Blend
50$699,000$699,000$699,000$699,000
51$775,516$738,469$727,635$809,744
52$826,464$746,499$723,855$842,069
53$881,721$754,035$719,062$874,120
54$941,699$761,026$713,194$908,459
55$1,006,852$767,415$706,185$945,314
56$1,077,676$773,145$697,968$984,939
57$1,154,721$778,151$688,472$1,027,614
58$1,238,589$782,366$677,622$1,073,650
59$1,329,943$785,720$665,340$1,123,388
60$1,429,513$788,136$651,545$1,177,209
61$1,538,103$789,534$636,151$1,235,530
62$1,656,596$789,828$619,069$1,298,814
63$1,785,967$788,927$600,205$1,367,574
64$1,927,285$786,735$579,462$1,442,374
65$2,081,732$783,148$556,737$1,523,840
66$2,250,604$778,058$531,924$1,612,661
67$2,435,333$771,350$504,910$1,709,601
68$2,637,491$762,901$475,579$1,815,502
69$2,858,813$752,581$443,809$1,931,295
70$3,101,207$740,252$409,472$2,058,008
71$3,366,775$725,770$372,434$2,196,776
72$3,657,833$708,979$332,557$2,348,853
73$3,976,929$689,716$289,695$2,515,624
74$4,326,872$667,809$243,697$2,698,616
75$4,710,755$643,073$194,402$2,899,519
76$5,131,984$615,315$141,646$3,120,195
77$5,594,311$584,330$85,256$3,362,701
78$6,101,869$549,902$25,051$3,629,308
79$6,659,213$511,799$0$3,922,521
80$7,271,356$469,781$0$4,256,399
81$7,943,824$423,590$0$4,631,138
82$8,682,704$372,956$0$5,042,941
83$9,494,701$317,592$0$5,495,587
84$10,387,202$257,195$0$5,993,242
85$11,368,345$191,447$0$6,540,498
86$12,447,097$120,008$0$7,142,418
87$13,633,336$42,524$0$7,804,586
88$14,937,945$0$0$8,533,152
89$16,372,916$0$0$9,344,465
90$17,951,460$0$0$10,247,840
91$19,688,133$0$0$11,241,793
92$21,598,973$0$0$12,335,512
93$23,701,653$0$0$13,539,122
94$26,015,644$0$0$14,863,781
95$28,562,398$0$0$16,321,780
96$31,365,557$0$0$17,926,665
97$34,451,165$0$0$19,693,360
98$37,847,925$0$0$21,638,310
99$41,587,461$0$0$23,779,637
100$45,704,620$0$0$26,137,307