Can I retire at age 51 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$55,741$55,244$54,760$54,287$53,825$53,464
2 years$27,594$27,081$26,582$26,100$25,631$25,266
3 years$18,214$17,697$17,201$16,722$16,261$15,905
4 years$13,524$13,009$12,518$12,047$11,598$11,252
5 years$10,711$10,200$9,714$9,254$8,816$8,483
6 years$8,836$8,329$7,851$7,400$6,976$6,655
7 years$7,498$6,994$6,524$6,084$5,673$5,365
8 years$6,494$5,996$5,533$5,104$4,707$4,411
9 years$5,714$5,220$4,765$4,347$3,964$3,680
10 years$5,091$4,601$4,155$3,747$3,377$3,106
11 years$4,581$4,096$3,658$3,261$2,905$2,645
12 years$4,156$3,677$3,246$2,861$2,517$2,270
13 years$3,797$3,323$2,900$2,526$2,195$1,959
14 years$3,489$3,020$2,606$2,242$1,924$1,700
15 years$3,223$2,759$2,353$1,999$1,694$1,481
16 years$2,991$2,531$2,133$1,790$1,497$1,295
17 years$2,785$2,331$1,941$1,608$1,328$1,136
18 years$2,603$2,154$1,772$1,450$1,180$999
19 years$2,440$1,996$1,622$1,310$1,052$880
20 years$2,294$1,855$1,489$1,186$940$777
21 years$2,162$1,728$1,369$1,077$841$687
22 years$2,042$1,613$1,262$979$754$609
23 years$1,932$1,509$1,165$892$677$540
24 years$1,832$1,414$1,078$813$608$480
25 years$1,740$1,327$998$743$547$426
26 years$1,655$1,247$926$679$493$379
27 years$1,577$1,173$860$621$444$338
28 years$1,504$1,106$799$569$401$301
29 years$1,437$1,043$744$522$362$268
30 years$1,374$985$693$479$327$239
31 years$1,315$931$646$440$296$214
32 years$1,260$881$602$404$268$191
33 years$1,209$834$563$372$242$170
34 years$1,160$791$526$342$219$152
35 years$1,115$750$491$315$199$136
36 years$1,072$712$460$290$180$122
37 years$1,032$676$430$267$163$109
38 years$993$643$403$246$148$97
39 years$957$611$378$227$134$87
40 years$923$581$354$210$122$78
41 years$890$553$332$193$110$70
42 years$859$527$311$178$100$62
43 years$830$502$292$165$91$56
44 years$802$479$274$152$82$50
45 years$775$456$257$140$75$45
46 years$750$435$242$130$68$40
47 years$726$416$227$120$62$36
48 years$702$397$213$111$56$32
49 years$680$379$201$102$51$29
50 years$659$362$189$95$46$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $675,000, adding $6,831 every year, while hoping to spend $32,610 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: 39/40/21 Blend
50$675,000$675,000$675,000$675,000
51$750,896$715,121$704,659$775,253
52$792,791$715,465$693,568$793,768
53$837,866$714,733$681,013$810,181
54$886,411$712,838$666,910$827,263
55$938,745$709,687$651,171$845,095
56$995,217$705,182$633,706$863,764
57$1,056,213$699,220$614,418$883,373
58$1,122,153$691,688$593,208$904,034
59$1,193,503$682,471$569,971$925,876
60$1,270,773$671,445$544,597$949,041
61$1,354,524$658,477$516,973$973,692
62$1,445,372$643,430$486,979$1,000,009
63$1,543,996$626,154$454,489$1,028,194
64$1,651,143$606,495$419,373$1,058,476
65$1,767,633$584,287$381,496$1,091,107
66$1,894,370$559,355$340,714$1,126,372
67$2,032,346$531,514$296,878$1,164,587
68$2,182,655$500,568$249,834$1,206,108
69$2,346,501$466,311$199,418$1,251,328
70$2,525,208$428,523$145,462$1,300,690
71$2,720,232$386,974$87,788$1,354,683
72$2,933,179$341,419$26,212$1,413,855
73$3,165,814$291,599$0$1,478,815
74$3,420,081$237,242$0$1,559,090
75$3,698,122$178,059$0$1,653,427
76$4,002,292$113,746$0$1,756,832
77$4,335,187$43,980$0$1,870,283
78$4,699,663$0$0$1,994,867
79$5,098,869$0$0$2,145,683
80$5,536,268$0$0$2,332,229
81$6,015,678$0$0$2,536,784
82$6,541,301$0$0$2,761,154
83$7,117,766$0$0$3,007,327
84$7,750,172$0$0$3,277,493
85$8,444,134$0$0$3,574,063
86$9,205,840$0$0$3,899,694
87$10,042,102$0$0$4,257,314
88$10,960,427$0$0$4,650,146
89$11,969,082$0$0$5,081,743
90$13,077,178$0$0$5,556,017
91$14,294,747$0$0$6,077,278
92$15,632,845$0$0$6,650,277
93$17,103,651$0$0$7,280,245
94$18,720,580$0$0$7,972,946
95$20,498,415$0$0$8,734,732
96$22,453,443$0$0$9,572,598
97$24,603,605$0$0$10,494,255
98$26,968,670$0$0$11,508,197
99$29,570,421$0$0$12,623,782
100$32,432,855$0$0$13,851,321