Can I retire at age 51 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$55,163$54,671$54,192$53,724$53,267$52,515
2 years$27,308$26,800$26,307$25,829$25,365$24,609
3 years$18,025$17,514$17,022$16,549$16,093$15,355
4 years$13,384$12,875$12,388$11,923$11,478$10,765
5 years$10,600$10,094$9,613$9,158$8,725$8,040
6 years$8,745$8,242$7,769$7,323$6,904$6,246
7 years$7,420$6,922$6,456$6,021$5,615$4,985
8 years$6,427$5,933$5,475$5,051$4,658$4,057
9 years$5,655$5,166$4,716$4,302$3,923$3,349
10 years$5,038$4,554$4,111$3,709$3,342$2,796
11 years$4,533$4,054$3,620$3,228$2,874$2,355
12 years$4,113$3,639$3,212$2,831$2,491$1,998
13 years$3,758$3,288$2,870$2,499$2,172$1,705
14 years$3,453$2,989$2,579$2,219$1,904$1,461
15 years$3,190$2,730$2,328$1,979$1,677$1,258
16 years$2,959$2,505$2,111$1,772$1,482$1,086
17 years$2,756$2,307$1,921$1,592$1,314$941
18 years$2,576$2,132$1,753$1,435$1,168$817
19 years$2,415$1,976$1,605$1,296$1,041$710
20 years$2,270$1,836$1,473$1,174$930$619
21 years$2,139$1,710$1,355$1,065$832$540
22 years$2,021$1,596$1,249$969$746$472
23 years$1,912$1,493$1,153$882$670$413
24 years$1,813$1,399$1,066$805$602$362
25 years$1,722$1,313$988$735$542$317
26 years$1,638$1,234$916$672$488$278
27 years$1,561$1,161$851$615$440$244
28 years$1,489$1,094$791$564$397$214
29 years$1,422$1,032$736$517$358$188
30 years$1,360$975$685$474$324$166
31 years$1,302$922$639$436$293$146
32 years$1,247$872$596$400$265$128
33 years$1,196$826$557$368$240$113
34 years$1,148$783$520$339$217$99
35 years$1,103$742$486$312$197$87
36 years$1,061$705$455$287$178$77
37 years$1,021$669$426$265$161$68
38 years$983$636$399$244$146$60
39 years$947$605$374$225$133$53
40 years$913$575$350$207$120$46
41 years$881$548$328$191$109$41
42 years$850$522$308$177$99$36
43 years$821$497$289$163$90$32
44 years$794$474$271$151$82$28
45 years$767$452$255$139$74$25
46 years$742$431$239$128$67$22
47 years$718$411$225$119$61$19
48 years$695$393$211$110$55$17
49 years$673$375$199$101$50$15
50 years$652$358$187$94$46$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $668,000, adding $5,020 every year, while hoping to spend $50,037 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: 35/35/30 Blend
50$668,000$668,000$668,000$668,000
51$741,314$705,910$695,556$760,431
52$763,689$687,261$665,618$756,606
53$786,669$666,021$633,000$747,664
54$810,264$642,010$597,560$737,069
55$834,481$615,038$559,148$724,710
56$859,327$584,904$517,609$710,466
57$884,809$551,395$472,780$694,211
58$910,932$514,286$424,490$675,813
59$937,699$473,338$372,563$655,130
60$965,113$428,300$316,812$632,014
61$993,174$378,907$257,045$606,307
62$1,021,880$324,875$193,058$577,841
63$1,051,228$265,910$124,641$546,443
64$1,081,210$201,696$51,574$511,924
65$1,111,817$131,903$0$474,090
66$1,143,036$56,180$0$441,183
67$1,174,851$0$0$422,700
68$1,207,240$0$0$411,915
69$1,240,178$0$0$422,927
70$1,273,635$0$0$434,086
71$1,307,574$0$0$445,376
72$1,341,951$0$0$456,778
73$1,376,716$0$0$468,271
74$1,411,811$0$0$479,831
75$1,447,168$0$0$491,430
76$1,482,709$0$0$503,036
77$1,518,344$0$0$514,612
78$1,553,973$0$0$526,117
79$1,589,480$0$0$537,505
80$1,624,734$0$0$548,722
81$1,659,588$0$0$559,710
82$1,693,874$0$0$570,402
83$1,727,406$0$0$580,723
84$1,759,971$0$0$590,589
85$1,791,334$0$0$599,906
86$1,821,229$0$0$608,570
87$1,849,359$0$0$616,463
88$1,875,393$0$0$623,454
89$1,898,961$0$0$629,397
90$1,919,649$0$0$634,131
91$1,936,998$0$0$637,475
92$1,950,495$0$0$639,227
93$1,959,570$0$0$639,166
94$1,963,590$0$0$637,042
95$1,961,850$0$0$632,581
96$1,953,569$0$0$625,478
97$1,937,880$0$0$615,394
98$1,913,819$0$0$601,954
99$1,880,319$0$0$584,743
100$1,836,198$0$0$563,300