Can I retire at age 51 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$54,254$53,771$53,300$52,839$52,390$51,269
2 years$26,859$26,358$25,874$25,404$24,948$23,824
3 years$17,728$17,226$16,742$16,276$15,828$14,736
4 years$13,163$12,663$12,184$11,726$11,289$10,238
5 years$10,425$9,928$9,455$9,007$8,581$7,574
6 years$8,601$8,107$7,641$7,203$6,790$5,827
7 years$7,298$6,808$6,350$5,922$5,522$4,604
8 years$6,321$5,836$5,385$4,968$4,581$3,708
9 years$5,562$5,081$4,638$4,231$3,858$3,028
10 years$4,955$4,479$4,044$3,647$3,287$2,501
11 years$4,459$3,987$3,560$3,174$2,827$2,082
12 years$4,045$3,579$3,159$2,784$2,450$1,746
13 years$3,696$3,234$2,823$2,458$2,136$1,472
14 years$3,396$2,940$2,536$2,182$1,873$1,247
15 years$3,137$2,685$2,290$1,946$1,649$1,060
16 years$2,911$2,464$2,076$1,742$1,457$904
17 years$2,711$2,269$1,889$1,566$1,292$773
18 years$2,534$2,097$1,725$1,411$1,149$662
19 years$2,375$1,943$1,579$1,275$1,024$568
20 years$2,233$1,806$1,449$1,155$915$489
21 years$2,104$1,682$1,333$1,048$819$421
22 years$1,987$1,570$1,228$953$734$363
23 years$1,881$1,468$1,134$868$659$313
24 years$1,783$1,376$1,049$791$592$270
25 years$1,694$1,291$971$723$533$233
26 years$1,611$1,213$901$661$480$202
27 years$1,535$1,142$837$605$433$175
28 years$1,464$1,076$778$554$390$151
29 years$1,399$1,015$724$508$352$131
30 years$1,337$959$674$466$318$113
31 years$1,280$906$629$428$288$98
32 years$1,227$858$586$394$260$85
33 years$1,177$812$548$362$236$74
34 years$1,130$770$512$333$213$64
35 years$1,085$730$478$307$193$55
36 years$1,043$693$447$282$175$48
37 years$1,004$658$419$260$159$42
38 years$967$625$392$240$144$36
39 years$932$595$367$221$131$31
40 years$898$566$344$204$118$27
41 years$867$539$323$188$107$24
42 years$836$513$303$174$97$21
43 years$808$489$284$160$88$18
44 years$781$466$267$148$80$15
45 years$755$444$251$137$73$13
46 years$730$424$235$126$66$12
47 years$706$404$221$117$60$10
48 years$684$386$208$108$55$9
49 years$662$369$195$100$50$8
50 years$641$352$184$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $657,000, adding $4,640 every year, while hoping to spend $44,961 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: 51/43/6 Blend
50$657,000$657,000$657,000$657,000
51$728,800$693,979$683,796$764,676
52$755,300$680,146$658,865$775,736
53$782,995$664,128$631,592$782,498
54$811,961$645,771$601,850$788,770
55$842,278$624,911$569,510$794,514
56$874,034$601,375$534,432$799,694
57$907,323$574,980$496,473$804,272
58$942,248$545,532$455,482$808,207
59$978,920$512,825$411,304$811,461
60$1,017,460$476,644$363,773$813,995
61$1,058,000$436,759$312,718$815,767
62$1,100,684$392,927$257,961$816,739
63$1,145,666$344,893$199,315$816,871
64$1,193,116$292,385$136,585$816,124
65$1,243,220$235,119$69,567$814,460
66$1,296,180$172,791$0$811,845
67$1,352,215$105,082$0$808,369
68$1,411,567$31,657$0$808,637
69$1,474,497$0$0$808,178
70$1,541,293$0$0$829,621
71$1,612,268$0$0$868,357
72$1,687,767$0$0$909,599
73$1,768,164$0$0$953,557
74$1,853,872$0$0$1,000,461
75$1,945,341$0$0$1,050,562
76$2,043,064$0$0$1,104,138
77$2,147,583$0$0$1,161,490
78$2,259,491$0$0$1,222,951
79$2,379,438$0$0$1,288,886
80$2,508,139$0$0$1,359,694
81$2,646,376$0$0$1,435,813
82$2,795,009$0$0$1,517,725
83$2,954,981$0$0$1,605,959
84$3,127,330$0$0$1,701,097
85$3,313,193$0$0$1,803,775
86$3,513,820$0$0$1,914,695
87$3,730,586$0$0$2,034,627
88$3,965,000$0$0$2,164,418
89$4,218,723$0$0$2,304,999
90$4,493,577$0$0$2,457,394
91$4,791,570$0$0$2,622,727
92$5,114,907$0$0$2,802,237
93$5,466,014$0$0$2,997,284
94$5,847,560$0$0$3,209,367
95$6,262,480$0$0$3,440,132
96$6,714,003$0$0$3,691,393
97$7,205,684$0$0$3,965,143
98$7,741,431$0$0$4,263,580
99$8,325,550$0$0$4,589,117
100$8,962,774$0$0$4,944,415