Can I retire at age 51 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$56,236$55,735$55,247$54,770$54,304$53,537
2 years$27,840$27,321$26,819$26,332$25,859$25,087
3 years$18,375$17,855$17,354$16,871$16,406$15,654
4 years$13,644$13,125$12,629$12,155$11,701$10,975
5 years$10,806$10,290$9,801$9,336$8,895$8,196
6 years$8,915$8,403$7,920$7,466$7,038$6,368
7 years$7,564$7,057$6,582$6,138$5,724$5,082
8 years$6,552$6,049$5,582$5,149$4,749$4,136
9 years$5,765$5,267$4,808$4,386$3,999$3,414
10 years$5,136$4,642$4,191$3,781$3,407$2,851
11 years$4,621$4,133$3,690$3,290$2,930$2,401
12 years$4,193$3,709$3,275$2,886$2,539$2,037
13 years$3,831$3,352$2,926$2,548$2,214$1,738
14 years$3,521$3,047$2,629$2,262$1,941$1,490
15 years$3,252$2,783$2,374$2,017$1,709$1,282
16 years$3,017$2,554$2,152$1,806$1,511$1,107
17 years$2,810$2,352$1,958$1,623$1,339$959
18 years$2,626$2,173$1,788$1,462$1,191$833
19 years$2,462$2,014$1,636$1,321$1,061$724
20 years$2,315$1,872$1,502$1,197$948$631
21 years$2,181$1,743$1,381$1,086$848$551
22 years$2,060$1,627$1,273$988$761$481
23 years$1,950$1,522$1,176$899$683$421
24 years$1,849$1,426$1,087$820$614$369
25 years$1,756$1,338$1,007$749$552$323
26 years$1,670$1,258$934$685$497$284
27 years$1,591$1,184$867$627$448$249
28 years$1,518$1,115$806$574$405$219
29 years$1,450$1,052$750$527$365$192
30 years$1,386$994$699$483$330$169
31 years$1,327$939$651$444$298$148
32 years$1,272$889$608$408$270$131
33 years$1,220$842$568$375$244$115
34 years$1,171$798$530$345$221$101
35 years$1,125$757$496$318$200$89
36 years$1,082$718$464$293$182$78
37 years$1,041$682$434$270$165$69
38 years$1,002$648$407$249$149$61
39 years$966$616$381$229$135$54
40 years$931$587$357$211$123$47
41 years$898$558$335$195$111$42
42 years$867$532$314$180$101$37
43 years$837$507$295$166$92$32
44 years$809$483$277$153$83$28
45 years$782$461$260$142$76$25
46 years$757$439$244$131$69$22
47 years$732$419$229$121$62$20
48 years$709$400$215$112$57$17
49 years$686$382$202$103$51$15
50 years$665$365$190$95$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $681,000, adding $3,655 every year, while hoping to spend $53,143 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: 50/22/28 Blend
50$681,000$681,000$681,000$681,000
51$754,232$718,139$707,584$785,806
52$774,620$696,784$674,744$786,901
53$795,306$672,602$639,023$782,508
54$816,266$645,397$600,268$776,694
55$837,467$614,964$558,320$769,349
56$858,877$581,086$513,012$760,355
57$880,454$543,530$464,169$749,586
58$902,152$502,055$411,611$736,909
59$923,918$456,402$355,146$722,179
60$945,691$406,299$294,576$705,243
61$967,402$351,458$229,695$685,937
62$988,973$291,576$160,286$664,085
63$1,010,316$226,330$86,123$639,498
64$1,031,330$155,383$6,970$611,977
65$1,051,903$78,374$0$581,304
66$1,071,910$0$0$570,403
67$1,091,207$0$0$560,828
68$1,109,636$0$0$569,709
69$1,127,020$0$0$577,974
70$1,143,160$0$0$585,512
71$1,157,832$0$0$592,199
72$1,170,791$0$0$597,898
73$1,181,759$0$0$602,454
74$1,190,430$0$0$605,698
75$1,196,462$0$0$607,439
76$1,199,474$0$0$607,467
77$1,199,044$0$0$605,546
78$1,194,702$0$0$601,418
79$1,185,929$0$0$594,792
80$1,172,145$0$0$585,350
81$1,152,711$0$0$572,736
82$1,126,917$0$0$556,557
83$1,093,975$0$0$536,379
84$1,053,015$0$0$511,718
85$1,003,071$0$0$482,042
86$943,077$0$0$446,759
87$871,851$0$0$405,218
88$788,086$0$0$356,696
89$690,337$0$0$300,394
90$577,006$0$0$235,429
91$446,328$0$0$160,826
92$296,350$0$0$75,508
93$124,916$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0