Can I retire at age 51 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$56,402$55,899$55,409$54,931$54,463$53,872
2 years$27,922$27,402$26,898$26,409$25,935$25,340
3 years$18,429$17,907$17,404$16,920$16,454$15,873
4 years$13,684$13,164$12,666$12,190$11,735$11,173
5 years$10,838$10,320$9,829$9,363$8,921$8,380
6 years$8,941$8,427$7,944$7,488$7,059$6,539
7 years$7,587$7,077$6,601$6,156$5,741$5,242
8 years$6,571$6,067$5,598$5,164$4,762$4,285
9 years$5,782$5,282$4,822$4,399$4,011$3,554
10 years$5,151$4,656$4,204$3,792$3,417$2,982
11 years$4,635$4,145$3,701$3,300$2,939$2,524
12 years$4,205$3,720$3,284$2,895$2,547$2,152
13 years$3,842$3,362$2,934$2,555$2,221$1,846
14 years$3,531$3,056$2,637$2,268$1,947$1,591
15 years$3,261$2,792$2,381$2,023$1,714$1,377
16 years$3,026$2,561$2,158$1,811$1,515$1,196
17 years$2,818$2,359$1,964$1,628$1,343$1,041
18 years$2,634$2,180$1,793$1,467$1,194$909
19 years$2,469$2,020$1,641$1,325$1,065$795
20 years$2,321$1,877$1,506$1,200$951$697
21 years$2,188$1,749$1,385$1,089$851$612
22 years$2,066$1,632$1,277$991$763$538
23 years$1,955$1,527$1,179$902$685$474
24 years$1,854$1,430$1,090$823$615$418
25 years$1,761$1,342$1,010$751$554$368
26 years$1,675$1,261$937$687$499$325
27 years$1,596$1,187$870$629$450$287
28 years$1,522$1,119$809$576$406$254
29 years$1,454$1,055$752$528$366$225
30 years$1,390$997$701$485$331$199
31 years$1,331$942$653$445$299$176
32 years$1,275$892$610$409$271$156
33 years$1,223$844$569$376$245$138
34 years$1,174$800$532$346$222$122
35 years$1,128$759$497$319$201$108
36 years$1,085$720$465$294$182$96
37 years$1,044$684$435$271$165$85
38 years$1,005$650$408$249$150$76
39 years$968$618$382$230$136$67
40 years$934$588$358$212$123$59
41 years$901$560$336$196$112$53
42 years$870$533$315$181$101$47
43 years$840$508$296$167$92$42
44 years$812$484$277$154$83$37
45 years$785$462$260$142$76$33
46 years$759$441$245$131$69$29
47 years$734$420$230$121$62$26
48 years$711$401$216$112$57$23
49 years$688$383$203$104$52$20
50 years$667$366$191$96$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $683,000, adding $5,363 every year, while hoping to spend $51,449 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: 56/25/19 Blend
50$683,000$683,000$683,000$683,000
51$758,198$721,999$711,412$796,521
52$780,793$702,636$680,503$803,882
53$803,968$680,599$646,835$805,924
54$827,728$655,704$610,259$807,011
55$852,078$627,754$570,624$807,063
56$877,018$596,543$527,768$805,997
57$902,550$561,850$481,525$803,723
58$928,673$523,443$431,719$800,144
59$955,383$481,078$378,167$795,159
60$982,676$434,494$320,679$788,658
61$1,010,542$383,417$259,055$780,527
62$1,038,971$327,559$193,087$770,641
63$1,067,949$266,611$122,558$758,869
64$1,097,456$200,252$47,241$745,070
65$1,127,472$128,140$0$729,095
66$1,157,969$49,913$0$717,502
67$1,188,914$0$0$714,059
68$1,220,270$0$0$718,627
69$1,251,993$0$0$737,119
70$1,284,029$0$0$755,771
71$1,316,320$0$0$774,544
72$1,348,795$0$0$793,396
73$1,381,377$0$0$812,275
74$1,413,975$0$0$831,126
75$1,446,487$0$0$849,883
76$1,478,795$0$0$868,474
77$1,510,770$0$0$886,816
78$1,542,261$0$0$904,816
79$1,573,102$0$0$922,370
80$1,603,106$0$0$939,361
81$1,632,061$0$0$955,656
82$1,659,730$0$0$971,108
83$1,685,849$0$0$985,553
84$1,710,123$0$0$998,806
85$1,732,220$0$0$1,010,661
86$1,751,773$0$0$1,020,891
87$1,768,370$0$0$1,029,238
88$1,781,555$0$0$1,035,420
89$1,790,818$0$0$1,039,120
90$1,795,594$0$0$1,039,987
91$1,795,253$0$0$1,037,631
92$1,789,097$0$0$1,031,620
93$1,776,352$0$0$1,021,471
94$1,756,157$0$0$1,006,654
95$1,727,558$0$0$986,576
96$1,689,499$0$0$960,584
97$1,640,808$0$0$927,951
98$1,580,189$0$0$887,876
99$1,506,205$0$0$839,470
100$1,417,267$0$0$781,748