Can I retire at age 51 with 670,000?

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 $670,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$55,328$54,835$54,354$53,885$53,427$52,156
2 years$27,390$26,880$26,386$25,906$25,441$24,169
3 years$18,079$17,566$17,073$16,598$16,141$14,906
4 years$13,424$12,913$12,425$11,958$11,512$10,324
5 years$10,632$10,124$9,642$9,185$8,751$7,614
6 years$8,771$8,267$7,792$7,345$6,924$5,839
7 years$7,442$6,943$6,476$6,039$5,631$4,598
8 years$6,446$5,951$5,492$5,066$4,672$3,690
9 years$5,672$5,182$4,730$4,315$3,934$3,003
10 years$5,053$4,567$4,124$3,720$3,352$2,470
11 years$4,547$4,066$3,630$3,237$2,883$2,049
12 years$4,125$3,649$3,222$2,839$2,498$1,712
13 years$3,769$3,298$2,879$2,507$2,179$1,437
14 years$3,464$2,998$2,586$2,225$1,910$1,212
15 years$3,199$2,739$2,335$1,985$1,682$1,026
16 years$2,968$2,513$2,117$1,777$1,486$872
17 years$2,765$2,314$1,927$1,597$1,318$742
18 years$2,584$2,138$1,759$1,439$1,172$633
19 years$2,422$1,982$1,610$1,300$1,044$541
20 years$2,277$1,841$1,478$1,178$933$463
21 years$2,146$1,715$1,359$1,069$835$397
22 years$2,027$1,601$1,253$972$748$340
23 years$1,918$1,497$1,157$885$672$292
24 years$1,819$1,403$1,070$807$604$251
25 years$1,727$1,317$991$737$543$216
26 years$1,643$1,237$919$674$489$186
27 years$1,565$1,165$853$617$441$160
28 years$1,493$1,097$793$565$398$138
29 years$1,426$1,035$738$518$359$119
30 years$1,364$978$688$476$325$102
31 years$1,306$924$641$437$294$88
32 years$1,251$875$598$401$266$76
33 years$1,200$828$558$369$240$66
34 years$1,152$785$522$340$218$57
35 years$1,107$745$488$313$197$49
36 years$1,064$707$456$288$179$42
37 years$1,024$671$427$265$162$36
38 years$986$638$400$245$147$31
39 years$950$607$375$226$133$27
40 years$916$577$351$208$121$23
41 years$884$549$329$192$110$20
42 years$853$523$309$177$99$17
43 years$824$498$290$163$90$15
44 years$796$475$272$151$82$13
45 years$770$453$255$139$74$11
46 years$744$432$240$129$67$10
47 years$720$412$225$119$61$8
48 years$697$394$212$110$56$7
49 years$675$376$199$102$51$6
50 years$654$359$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $670,000, adding $2,670 every year, while hoping to spend $24,579 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: 37/37/26 Blend
50$670,000$670,000$670,000$670,000
51$741,094$705,584$695,199$762,661
52$790,534$714,006$692,336$787,186
53$844,193$722,016$688,554$811,211
54$902,475$729,570$683,795$836,683
55$965,825$736,617$678,000$863,748
56$1,034,734$743,105$671,107$892,569
57$1,109,738$748,979$663,051$923,326
58$1,191,431$754,178$653,763$956,220
59$1,280,464$758,640$643,171$991,472
60$1,377,555$762,297$631,201$1,029,329
61$1,483,493$765,078$617,774$1,070,064
62$1,599,148$766,905$602,808$1,113,979
63$1,725,477$767,699$586,218$1,161,411
64$1,863,533$767,373$567,913$1,212,732
65$2,014,475$765,836$547,800$1,268,353
66$2,179,580$762,991$525,780$1,328,731
67$2,360,254$758,735$501,750$1,394,372
68$2,558,045$752,958$475,604$1,465,837
69$2,774,658$745,545$447,229$1,543,744
70$3,011,970$736,373$416,508$1,628,781
71$3,272,048$725,313$383,318$1,721,706
72$3,557,168$712,225$347,531$1,823,361
73$3,869,840$696,964$309,014$1,934,675
74$4,212,823$679,375$267,626$2,056,678
75$4,589,162$659,295$223,221$2,190,505
76$5,002,205$636,550$175,648$2,337,417
77$5,455,645$610,955$124,748$2,498,803
78$5,953,547$582,319$70,353$2,676,202
79$6,500,390$550,433$12,291$2,871,313
80$7,101,108$515,083$0$3,086,016
81$7,761,136$476,037$0$3,336,167
82$8,486,462$433,052$0$3,614,815
83$9,283,682$385,873$0$3,921,135
84$10,160,064$334,227$0$4,257,986
85$11,123,615$277,829$0$4,628,521
86$12,183,155$216,374$0$5,036,217
87$13,348,404$149,543$0$5,484,914
88$14,630,069$76,999$0$5,978,846
89$16,039,948$0$0$6,522,683
90$17,591,040$0$0$7,122,238
91$19,297,665$0$0$7,816,512
92$21,175,606$0$0$8,580,588
93$23,242,248$0$0$9,421,554
94$25,516,749$0$0$10,347,219
95$28,020,219$0$0$11,366,189
96$30,775,917$0$0$12,487,946
97$33,809,472$0$0$13,722,938
98$37,149,123$0$0$15,082,677
99$40,825,988$0$0$16,579,850
100$44,874,354$0$0$18,228,435