Can I retire at age 51 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$55,245$54,753$54,273$53,805$53,347$52,142
2 years$27,349$26,840$26,346$25,868$25,403$24,196
3 years$18,052$17,540$17,048$16,574$16,117$14,945
4 years$13,404$12,894$12,406$11,940$11,495$10,367
5 years$10,616$10,109$9,628$9,171$8,738$7,657
6 years$8,758$8,255$7,781$7,334$6,914$5,882
7 years$7,431$6,932$6,466$6,030$5,623$4,639
8 years$6,437$5,942$5,484$5,058$4,665$3,729
9 years$5,664$5,174$4,723$4,309$3,929$3,041
10 years$5,045$4,560$4,118$3,714$3,347$2,506
11 years$4,540$4,060$3,625$3,232$2,879$2,083
12 years$4,119$3,644$3,217$2,835$2,495$1,743
13 years$3,763$3,293$2,874$2,503$2,175$1,467
14 years$3,458$2,993$2,583$2,222$1,907$1,240
15 years$3,195$2,734$2,332$1,982$1,679$1,052
16 years$2,964$2,509$2,114$1,774$1,484$895
17 years$2,761$2,311$1,924$1,594$1,316$764
18 years$2,580$2,135$1,756$1,437$1,170$653
19 years$2,419$1,979$1,608$1,298$1,043$559
20 years$2,274$1,839$1,475$1,176$931$480
21 years$2,143$1,713$1,357$1,067$834$412
22 years$2,024$1,599$1,251$970$747$354
23 years$1,915$1,495$1,155$884$671$305
24 years$1,816$1,401$1,068$806$603$263
25 years$1,725$1,315$989$736$542$226
26 years$1,641$1,236$917$673$489$195
27 years$1,563$1,163$852$616$441$169
28 years$1,491$1,096$792$564$397$146
29 years$1,424$1,034$737$518$359$126
30 years$1,362$976$686$475$324$109
31 years$1,304$923$640$436$293$94
32 years$1,249$873$597$401$265$81
33 years$1,198$827$558$369$240$70
34 years$1,150$784$521$339$217$61
35 years$1,105$743$487$312$197$52
36 years$1,063$706$456$288$178$45
37 years$1,022$670$426$265$162$39
38 years$985$637$399$244$147$34
39 years$949$606$374$225$133$29
40 years$915$576$351$208$121$25
41 years$882$548$329$192$109$22
42 years$852$522$308$177$99$19
43 years$823$498$289$163$90$16
44 years$795$474$272$151$82$14
45 years$768$452$255$139$74$12
46 years$743$432$240$129$67$11
47 years$719$412$225$119$61$9
48 years$696$393$212$110$56$8
49 years$674$375$199$101$50$7
50 years$653$359$187$94$46$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $669,000, adding $4,719 every year, while hoping to spend $44,156 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: 63/14/23 Blend
50$669,000$669,000$669,000$669,000
51$742,106$706,649$696,279$784,118
52$770,819$694,293$672,623$800,702
53$800,981$679,852$646,694$813,474
54$832,693$663,176$618,370$826,429
55$866,065$644,109$587,523$839,589
56$901,216$622,483$554,018$852,982
57$938,278$598,123$517,715$866,637
58$977,392$570,840$478,468$880,593
59$1,018,713$540,438$436,124$894,890
60$1,062,409$506,708$390,522$909,579
61$1,108,667$469,428$341,496$924,714
62$1,157,686$428,365$288,871$940,361
63$1,209,687$383,272$232,465$956,592
64$1,264,910$333,888$172,088$973,491
65$1,323,619$279,937$107,542$991,153
66$1,386,102$221,127$38,618$1,009,686
67$1,452,673$157,151$0$1,029,213
68$1,523,678$87,683$0$1,058,445
69$1,599,494$12,381$0$1,099,637
70$1,680,537$0$0$1,143,534
71$1,767,259$0$0$1,201,044
72$1,860,160$0$0$1,264,725
73$1,959,784$0$0$1,333,049
74$2,066,732$0$0$1,406,431
75$2,181,660$0$0$1,485,325
76$2,305,291$0$0$1,570,234
77$2,438,417$0$0$1,661,705
78$2,581,908$0$0$1,760,343
79$2,736,721$0$0$1,866,810
80$2,903,905$0$0$1,981,834
81$3,084,616$0$0$2,106,216
82$3,280,121$0$0$2,240,835
83$3,491,815$0$0$2,386,659
84$3,721,232$0$0$2,544,750
85$3,970,056$0$0$2,716,278
86$4,240,142$0$0$2,902,529
87$4,533,529$0$0$3,104,917
88$4,852,459$0$0$3,324,998
89$5,199,400$0$0$3,564,483
90$5,577,067$0$0$3,825,257
91$5,988,447$0$0$4,109,391
92$6,436,827$0$0$4,419,166
93$6,925,825$0$0$4,757,094
94$7,459,422$0$0$5,125,935
95$8,042,002$0$0$5,528,733
96$8,678,389$0$0$5,968,834
97$9,373,895$0$0$6,449,925
98$10,134,368$0$0$6,976,064
99$10,966,245$0$0$7,551,718
100$11,876,616$0$0$8,181,809