Can I retire at age 51 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$55,823$55,326$54,841$54,368$53,905$52,496
2 years$27,635$27,121$26,622$26,138$25,669$24,259
3 years$18,241$17,724$17,226$16,747$16,286$14,918
4 years$13,544$13,029$12,536$12,065$11,615$10,301
5 years$10,727$10,215$9,729$9,267$8,830$7,573
6 years$8,849$8,341$7,862$7,411$6,987$5,789
7 years$7,509$7,005$6,533$6,093$5,682$4,543
8 years$6,504$6,004$5,541$5,111$4,714$3,633
9 years$5,723$5,228$4,772$4,354$3,970$2,946
10 years$5,098$4,608$4,161$3,753$3,382$2,414
11 years$4,587$4,102$3,663$3,266$2,909$1,995
12 years$4,162$3,682$3,251$2,865$2,521$1,660
13 years$3,803$3,328$2,904$2,529$2,198$1,388
14 years$3,495$3,025$2,610$2,245$1,927$1,166
15 years$3,228$2,763$2,356$2,002$1,697$983
16 years$2,995$2,535$2,136$1,793$1,499$831
17 years$2,789$2,335$1,944$1,611$1,330$705
18 years$2,607$2,157$1,774$1,452$1,182$598
19 years$2,444$1,999$1,624$1,312$1,054$509
20 years$2,298$1,858$1,491$1,188$941$434
21 years$2,165$1,731$1,371$1,078$842$370
22 years$2,045$1,615$1,264$980$755$316
23 years$1,935$1,511$1,167$893$678$270
24 years$1,835$1,416$1,079$814$609$231
25 years$1,743$1,328$1,000$744$548$198
26 years$1,658$1,249$927$680$494$169
27 years$1,579$1,175$861$622$445$145
28 years$1,507$1,107$800$570$402$124
29 years$1,439$1,045$745$523$363$107
30 years$1,376$986$694$480$328$91
31 years$1,317$933$647$441$296$78
32 years$1,262$882$603$405$268$67
33 years$1,211$836$563$373$243$58
34 years$1,162$792$526$343$220$50
35 years$1,117$751$492$316$199$43
36 years$1,074$713$460$291$180$37
37 years$1,033$677$431$268$163$31
38 years$995$644$404$247$148$27
39 years$959$612$378$228$134$23
40 years$924$582$354$210$122$20
41 years$892$554$332$194$110$17
42 years$861$528$312$179$100$15
43 years$831$503$292$165$91$13
44 years$803$479$275$152$83$11
45 years$776$457$258$141$75$9
46 years$751$436$242$130$68$8
47 years$727$416$227$120$62$7
48 years$703$397$214$111$56$6
49 years$681$379$201$103$51$5
50 years$660$362$189$95$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $676,000, adding $6,906 every year, while hoping to spend $46,497 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: 73/5/22 Blend
50$676,000$676,000$676,000$676,000
51$752,076$716,248$705,770$802,452
52$779,315$701,871$679,940$822,508
53$807,774$685,232$651,688$838,237
54$837,529$666,170$620,881$854,305
55$868,660$644,516$587,384$870,737
56$901,257$620,091$551,054$887,562
57$935,414$592,704$511,744$904,815
58$971,236$562,156$469,297$922,532
59$1,008,834$528,234$423,550$940,755
60$1,048,331$490,713$374,335$959,534
61$1,089,859$449,357$321,474$978,922
62$1,133,563$403,914$264,782$998,981
63$1,179,600$354,119$204,065$1,019,778
64$1,228,141$299,692$139,123$1,041,391
65$1,279,372$240,338$69,744$1,063,907
66$1,333,496$175,743$0$1,087,423
67$1,390,735$105,576$0$1,113,056
68$1,451,331$29,491$0$1,157,458
69$1,515,549$0$0$1,204,431
70$1,583,676$0$0$1,257,098
71$1,656,028$0$0$1,314,770
72$1,732,952$0$0$1,376,102
73$1,814,823$0$0$1,441,398
74$1,902,057$0$0$1,510,990
75$1,995,105$0$0$1,585,240
76$2,094,464$0$0$1,664,549
77$2,200,677$0$0$1,749,352
78$2,314,340$0$0$1,840,127
79$2,436,107$0$0$1,937,401
80$2,566,693$0$0$2,041,748
81$2,706,885$0$0$2,153,801
82$2,857,546$0$0$2,274,253
83$3,019,623$0$0$2,403,865
84$3,194,156$0$0$2,543,472
85$3,382,287$0$0$2,693,994
86$3,585,271$0$0$2,856,439
87$3,804,486$0$0$3,031,914
88$4,041,447$0$0$3,221,637
89$4,297,818$0$0$3,426,946
90$4,575,429$0$0$3,649,314
91$4,876,293$0$0$3,890,356
92$5,202,621$0$0$4,151,852
93$5,556,846$0$0$4,435,759
94$5,941,645$0$0$4,744,227
95$6,359,959$0$0$5,079,624
96$6,815,029$0$0$5,444,552
97$7,310,415$0$0$5,841,878
98$7,850,039$0$0$6,274,754
99$8,438,215$0$0$6,746,648
100$9,079,690$0$0$7,261,380