Can I retire at age 51 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$56,071$55,572$55,084$54,609$54,144$52,058
2 years$27,758$27,241$26,740$26,254$25,783$23,706
3 years$18,322$17,802$17,303$16,821$16,358$14,355
4 years$13,604$13,087$12,592$12,119$11,667$9,754
5 years$10,775$10,260$9,772$9,308$8,869$7,051
6 years$8,889$8,378$7,897$7,444$7,018$5,296
7 years$7,542$7,036$6,562$6,120$5,707$4,081
8 years$6,533$6,031$5,566$5,134$4,735$3,202
9 years$5,748$5,251$4,794$4,373$3,987$2,546
10 years$5,121$4,629$4,179$3,770$3,397$2,045
11 years$4,608$4,121$3,679$3,281$2,922$1,656
12 years$4,181$3,698$3,265$2,878$2,532$1,349
13 years$3,819$3,342$2,917$2,541$2,208$1,104
14 years$3,510$3,038$2,621$2,255$1,935$907
15 years$3,242$2,775$2,367$2,011$1,704$747
16 years$3,008$2,546$2,146$1,801$1,506$617
17 years$2,802$2,345$1,952$1,618$1,335$511
18 years$2,619$2,167$1,782$1,458$1,187$424
19 years$2,455$2,008$1,632$1,318$1,058$352
20 years$2,308$1,866$1,497$1,193$945$293
21 years$2,175$1,738$1,377$1,083$846$244
22 years$2,054$1,623$1,269$985$758$203
23 years$1,944$1,518$1,172$897$681$169
24 years$1,843$1,422$1,084$818$612$141
25 years$1,751$1,334$1,004$747$551$118
26 years$1,665$1,254$931$683$496$98
27 years$1,586$1,180$865$625$447$82
28 years$1,513$1,112$804$573$403$68
29 years$1,445$1,049$748$525$364$57
30 years$1,382$991$697$482$329$48
31 years$1,323$937$650$443$298$40
32 years$1,268$886$606$407$269$33
33 years$1,216$839$566$374$244$28
34 years$1,167$795$529$344$221$23
35 years$1,122$755$494$317$200$19
36 years$1,078$716$462$292$181$16
37 years$1,038$680$433$269$164$14
38 years$999$646$405$248$149$11
39 years$963$615$380$229$135$9
40 years$928$585$356$211$122$8
41 years$896$557$334$194$111$7
42 years$864$530$313$179$101$6
43 years$835$505$294$166$91$5
44 years$807$482$276$153$83$4
45 years$780$459$259$141$75$3
46 years$754$438$243$131$68$3
47 years$730$418$228$121$62$2
48 years$707$399$215$111$56$2
49 years$684$381$202$103$51$2
50 years$663$364$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $679,000, adding $4,202 every year, while hoping to spend $42,095 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: 55/37/8 Blend
50$679,000$679,000$679,000$679,000
51$752,592$716,605$706,081$792,328
52$784,568$706,930$684,946$809,984
53$818,394$695,370$661,692$824,185
54$854,216$681,789$636,204$838,629
55$892,190$666,040$608,361$853,346
56$932,489$647,972$578,036$868,370
57$975,301$627,421$545,099$883,742
58$1,020,832$604,215$509,410$899,508
59$1,069,309$578,173$470,827$915,722
60$1,120,977$549,102$429,198$932,448
61$1,176,107$516,799$384,367$949,757
62$1,234,995$481,047$336,169$967,731
63$1,297,966$441,620$284,432$986,465
64$1,365,376$398,276$228,977$1,006,067
65$1,437,614$350,762$169,618$1,026,658
66$1,515,109$298,808$106,159$1,048,379
67$1,598,331$242,130$38,396$1,071,386
68$1,687,795$180,428$0$1,095,858
69$1,784,067$113,386$0$1,124,893
70$1,887,768$40,668$0$1,159,509
71$1,999,581$0$0$1,196,701
72$2,120,256$0$0$1,252,282
73$2,250,616$0$0$1,330,260
74$2,391,567$0$0$1,414,624
75$2,544,103$0$0$1,505,977
76$2,709,320$0$0$1,604,981
77$2,888,418$0$0$1,712,362
78$3,082,721$0$0$1,828,923
79$3,293,683$0$0$1,955,542
80$3,522,903$0$0$2,093,189
81$3,772,142$0$0$2,242,928
82$4,043,335$0$0$2,405,932
83$4,338,612$0$0$2,583,490
84$4,660,318$0$0$2,777,023
85$5,011,032$0$0$2,988,091
86$5,393,592$0$0$3,218,414
87$5,811,123$0$0$3,469,885
88$6,267,066$0$0$3,744,586
89$6,765,205$0$0$4,044,811
90$7,309,711$0$0$4,373,085
91$7,905,170$0$0$4,732,187
92$8,556,638$0$0$5,125,179
93$9,269,678$0$0$5,555,431
94$10,050,415$0$0$6,026,654
95$10,905,598$0$0$6,542,936
96$11,842,655$0$0$7,108,777
97$12,869,770$0$0$7,729,137
98$13,995,955$0$0$8,409,473
99$15,231,134$0$0$9,155,801
100$16,586,241$0$0$9,974,744