Can I retire at age 51 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$55,906$55,408$54,922$54,448$53,985$52,236
2 years$27,676$27,161$26,661$26,177$25,707$23,961
3 years$18,268$17,750$17,252$16,772$16,310$14,622
4 years$13,564$13,048$12,555$12,083$11,632$10,016
5 years$10,743$10,230$9,743$9,281$8,843$7,301
6 years$8,863$8,353$7,874$7,422$6,997$5,532
7 years$7,520$7,015$6,543$6,102$5,690$4,302
8 years$6,514$6,013$5,549$5,119$4,721$3,408
9 years$5,731$5,236$4,779$4,360$3,975$2,737
10 years$5,106$4,615$4,167$3,759$3,387$2,221
11 years$4,594$4,108$3,668$3,271$2,913$1,817
12 years$4,168$3,688$3,256$2,869$2,525$1,495
13 years$3,808$3,332$2,909$2,533$2,201$1,237
14 years$3,500$3,029$2,613$2,249$1,930$1,028
15 years$3,233$2,767$2,360$2,005$1,699$857
16 years$2,999$2,539$2,139$1,796$1,502$716
17 years$2,794$2,338$1,947$1,613$1,331$600
18 years$2,611$2,161$1,777$1,454$1,184$504
19 years$2,448$2,002$1,627$1,314$1,055$423
20 years$2,301$1,861$1,493$1,190$943$356
21 years$2,168$1,733$1,373$1,080$843$300
22 years$2,048$1,618$1,266$982$756$253
23 years$1,938$1,513$1,169$894$679$214
24 years$1,838$1,418$1,081$816$610$180
25 years$1,745$1,330$1,001$745$549$152
26 years$1,660$1,250$928$681$494$129
27 years$1,582$1,177$862$623$446$109
28 years$1,509$1,109$801$571$402$92
29 years$1,441$1,046$746$524$363$78
30 years$1,378$988$695$481$328$66
31 years$1,319$934$648$441$297$56
32 years$1,264$884$604$406$268$47
33 years$1,212$837$564$373$243$40
34 years$1,164$793$527$343$220$34
35 years$1,118$752$493$316$199$29
36 years$1,075$714$461$291$180$24
37 years$1,035$678$432$268$164$21
38 years$996$645$404$247$148$17
39 years$960$613$379$228$134$15
40 years$926$583$355$210$122$13
41 years$893$555$333$194$111$11
42 years$862$529$312$179$100$9
43 years$832$504$293$165$91$8
44 years$804$480$275$153$83$6
45 years$778$458$258$141$75$5
46 years$752$437$242$130$68$5
47 years$728$417$228$120$62$4
48 years$705$398$214$111$56$3
49 years$682$380$201$103$51$3
50 years$661$363$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $677,000, adding $6,367 every year, while hoping to spend $46,277 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: 50/25/25 Blend
50$677,000$677,000$677,000$677,000
51$752,622$716,741$706,247$784,666
52$780,151$702,622$680,668$793,520
53$808,937$686,262$652,681$797,970
54$839,059$667,499$622,157$801,875
55$870,603$646,167$588,959$805,203
56$903,663$622,088$552,948$807,921
57$938,339$595,072$513,974$809,999
58$974,741$564,922$471,883$811,404
59$1,012,988$531,426$426,514$812,105
60$1,053,208$494,362$377,698$812,072
61$1,095,544$453,494$325,259$811,274
62$1,140,147$408,573$269,013$809,684
63$1,187,184$359,336$208,768$807,275
64$1,236,838$305,504$144,323$804,023
65$1,289,307$246,785$75,468$799,904
66$1,344,806$182,867$1,986$794,902
67$1,403,571$113,423$0$789,001
68$1,465,861$38,106$0$802,579
69$1,531,957$0$0$817,135
70$1,602,167$0$0$844,157
71$1,676,827$0$0$884,078
72$1,756,307$0$0$926,616
73$1,841,010$0$0$971,993
74$1,931,378$0$0$1,020,450
75$2,027,895$0$0$1,072,253
76$2,131,091$0$0$1,127,693
77$2,241,548$0$0$1,187,089
78$2,359,905$0$0$1,250,791
79$2,486,859$0$0$1,319,183
80$2,623,180$0$0$1,392,687
81$2,769,709$0$0$1,471,765
82$2,927,372$0$0$1,556,925
83$3,097,183$0$0$1,648,726
84$3,280,259$0$0$1,747,779
85$3,477,824$0$0$1,854,758
86$3,691,224$0$0$1,970,404
87$3,921,940$0$0$2,095,529
88$4,171,595$0$0$2,231,028
89$4,441,979$0$0$2,377,882
90$4,735,056$0$0$2,537,173
91$5,052,986$0$0$2,710,090
92$5,398,146$0$0$2,897,939
93$5,773,150$0$0$3,102,158
94$6,180,872$0$0$3,324,329
95$6,624,476$0$0$3,566,193
96$7,107,443$0$0$3,829,665
97$7,633,601$0$0$4,116,852
98$8,207,164$0$0$4,430,074
99$8,832,772$0$0$4,771,884
100$9,515,529$0$0$5,145,091