Can I retire at age 51 with 671,000?

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 $671,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$55,411$54,917$54,435$53,965$53,506$51,814
2 years$27,431$26,920$26,425$25,945$25,479$23,790
3 years$18,106$17,593$17,099$16,623$16,165$14,531
4 years$13,444$12,932$12,443$11,976$11,529$9,964
5 years$10,648$10,139$9,657$9,199$8,764$7,271
6 years$8,784$8,279$7,804$7,356$6,935$5,515
7 years$7,453$6,953$6,485$6,048$5,640$4,294
8 years$6,456$5,960$5,500$5,074$4,679$3,406
9 years$5,680$5,189$4,737$4,322$3,940$2,738
10 years$5,060$4,574$4,130$3,725$3,357$2,225
11 years$4,554$4,072$3,636$3,242$2,887$1,822
12 years$4,131$3,655$3,227$2,844$2,502$1,502
13 years$3,774$3,303$2,883$2,511$2,182$1,244
14 years$3,469$3,002$2,590$2,229$1,913$1,035
15 years$3,204$2,743$2,339$1,988$1,684$864
16 years$2,973$2,516$2,120$1,780$1,488$723
17 years$2,769$2,317$1,929$1,599$1,320$607
18 years$2,588$2,141$1,761$1,441$1,173$510
19 years$2,426$1,985$1,612$1,302$1,046$429
20 years$2,281$1,844$1,480$1,179$934$362
21 years$2,149$1,718$1,361$1,070$836$305
22 years$2,030$1,604$1,254$973$749$258
23 years$1,921$1,500$1,158$886$673$218
24 years$1,821$1,405$1,071$808$605$184
25 years$1,730$1,319$992$738$544$156
26 years$1,646$1,239$920$675$490$132
27 years$1,568$1,166$854$618$442$112
28 years$1,496$1,099$794$566$399$95
29 years$1,428$1,037$739$519$360$80
30 years$1,366$979$689$476$325$68
31 years$1,307$926$642$438$294$58
32 years$1,253$876$599$402$266$49
33 years$1,202$829$559$370$241$42
34 years$1,154$786$522$340$218$35
35 years$1,108$746$488$313$197$30
36 years$1,066$708$457$288$179$25
37 years$1,025$672$428$266$162$22
38 years$987$639$401$245$147$18
39 years$951$607$375$226$133$16
40 years$917$578$352$208$121$13
41 years$885$550$330$192$110$11
42 years$854$524$309$177$100$9
43 years$825$499$290$164$90$8
44 years$797$476$273$151$82$7
45 years$771$454$256$140$74$6
46 years$745$433$240$129$68$5
47 years$721$413$226$119$61$4
48 years$698$394$212$110$56$4
49 years$676$377$199$102$51$3
50 years$655$360$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $671,000, adding $2,435 every year, while hoping to spend $43,240 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: 69/20/11 Blend
50$671,000$671,000$671,000$671,000
51$741,954$706,391$695,990$791,281
52$771,626$694,997$673,299$812,942
53$802,876$681,595$648,398$831,182
54$835,818$666,042$621,168$849,998
55$870,578$648,185$591,484$869,437
56$907,293$627,863$559,216$889,556
57$946,113$604,904$524,225$910,416
58$987,200$579,128$486,370$932,089
59$1,030,732$550,343$445,501$954,651
60$1,076,904$518,347$401,463$978,191
61$1,125,928$482,926$354,092$1,002,807
62$1,178,037$443,853$303,218$1,028,609
63$1,233,485$400,890$248,663$1,055,720
64$1,292,550$353,783$190,243$1,084,278
65$1,355,536$302,265$127,763$1,114,437
66$1,422,779$246,054$61,021$1,146,368
67$1,494,643$184,851$0$1,180,264
68$1,571,530$118,342$0$1,217,535
69$1,653,879$46,193$0$1,264,943
70$1,742,172$0$0$1,315,613
71$1,836,938$0$0$1,376,898
72$1,938,758$0$0$1,453,694
73$2,048,269$0$0$1,536,318
74$2,166,170$0$0$1,625,301
75$2,293,230$0$0$1,721,228
76$2,430,292$0$0$1,824,739
77$2,578,284$0$0$1,936,538
78$2,738,225$0$0$2,057,400
79$2,911,234$0$0$2,188,175
80$3,098,541$0$0$2,329,797
81$3,301,500$0$0$2,483,296
82$3,521,599$0$0$2,649,801
83$3,760,473$0$0$2,830,555
84$4,019,922$0$0$3,026,927
85$4,301,925$0$0$3,240,419
86$4,608,659$0$0$3,472,688
87$4,942,521$0$0$3,725,552
88$5,306,145$0$0$4,001,017
89$5,702,432$0$0$4,301,285
90$6,134,576$0$0$4,628,784
91$6,606,088$0$0$4,986,185
92$7,120,837$0$0$5,376,425
93$7,683,080$0$0$5,802,743
94$8,297,503$0$0$6,268,699
95$8,969,266$0$0$6,778,217
96$9,704,049$0$0$7,335,613
97$10,508,107$0$0$7,945,644
98$11,388,328$0$0$8,613,544
99$12,352,296$0$0$9,345,080
100$13,408,363$0$0$10,146,601