Can I retire at age 51 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$56,732$56,226$55,733$55,252$54,782$52,839
2 years$28,085$27,562$27,055$26,564$26,087$24,149
3 years$18,537$18,012$17,506$17,020$16,551$14,680
4 years$13,764$13,241$12,740$12,262$11,804$10,015
5 years$10,901$10,381$9,887$9,418$8,973$7,270
6 years$8,993$8,477$7,990$7,532$7,100$5,484
7 years$7,631$7,119$6,640$6,192$5,774$4,246
8 years$6,610$6,102$5,631$5,195$4,790$3,347
9 years$5,816$5,313$4,850$4,425$4,034$2,675
10 years$5,181$4,683$4,228$3,814$3,437$2,160
11 years$4,662$4,169$3,723$3,319$2,956$1,757
12 years$4,230$3,742$3,304$2,912$2,562$1,439
13 years$3,864$3,382$2,952$2,570$2,234$1,184
14 years$3,552$3,074$2,652$2,282$1,958$978
15 years$3,281$2,808$2,394$2,035$1,724$811
16 years$3,044$2,576$2,171$1,822$1,524$674
17 years$2,835$2,373$1,975$1,637$1,351$561
18 years$2,649$2,192$1,803$1,475$1,201$468
19 years$2,484$2,032$1,651$1,333$1,071$391
20 years$2,335$1,888$1,515$1,207$956$327
21 years$2,200$1,759$1,394$1,096$856$274
22 years$2,078$1,642$1,284$996$767$230
23 years$1,967$1,535$1,186$907$689$193
24 years$1,865$1,439$1,097$828$619$162
25 years$1,771$1,350$1,016$756$557$136
26 years$1,685$1,269$942$691$502$114
27 years$1,605$1,194$875$633$452$96
28 years$1,531$1,125$813$580$408$80
29 years$1,462$1,062$757$531$369$68
30 years$1,398$1,003$705$488$333$57
31 years$1,339$948$657$448$301$48
32 years$1,283$897$613$412$272$40
33 years$1,230$849$573$379$246$34
34 years$1,181$805$535$348$223$28
35 years$1,135$763$500$321$202$24
36 years$1,091$725$468$295$183$20
37 years$1,050$688$438$272$166$17
38 years$1,011$654$410$251$150$14
39 years$974$622$384$231$136$12
40 years$939$592$360$213$124$10
41 years$906$563$338$197$112$9
42 years$875$536$317$182$102$7
43 years$845$511$297$168$92$6
44 years$816$487$279$155$84$5
45 years$789$465$262$143$76$4
46 years$763$443$246$132$69$4
47 years$739$423$231$122$63$3
48 years$715$404$217$113$57$3
49 years$692$386$204$104$52$2
50 years$671$368$192$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $687,000, adding $6,645 every year, while hoping to spend $45,682 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: 64/19/17 Blend
50$687,000$687,000$687,000$687,000
51$763,928$727,517$716,869$809,185
52$793,244$714,560$692,279$827,410
53$824,018$699,437$665,334$841,489
54$856,352$681,994$635,907$855,774
55$890,356$662,067$603,865$870,285
56$926,147$639,484$569,069$885,049
57$963,856$614,060$531,375$900,093
58$1,003,623$585,603$490,629$915,453
59$1,045,602$553,907$446,675$931,168
60$1,089,960$518,755$399,346$947,285
61$1,136,881$479,919$348,469$963,855
62$1,186,564$437,156$293,864$980,941
63$1,239,227$390,210$235,342$998,612
64$1,295,108$338,810$172,705$1,016,947
65$1,354,467$282,670$105,749$1,036,037
66$1,417,589$221,488$34,259$1,055,985
67$1,484,787$154,944$0$1,076,909
68$1,556,401$82,702$0$1,106,565
69$1,632,804$4,405$0$1,144,605
70$1,714,407$0$0$1,185,023
71$1,801,657$0$0$1,244,849
72$1,895,047$0$0$1,309,902
73$1,995,116$0$0$1,379,639
74$2,102,455$0$0$1,454,478
75$2,217,713$0$0$1,534,875
76$2,341,603$0$0$1,621,331
77$2,474,908$0$0$1,714,398
78$2,618,484$0$0$1,814,680
79$2,773,277$0$0$1,922,842
80$2,940,321$0$0$2,039,612
81$3,120,755$0$0$2,165,793
82$3,315,829$0$0$2,302,266
83$3,526,919$0$0$2,449,999
84$3,755,536$0$0$2,610,058
85$4,003,341$0$0$2,783,612
86$4,272,161$0$0$2,971,950
87$4,564,006$0$0$3,176,488
88$4,881,086$0$0$3,398,782
89$5,225,832$0$0$3,640,546
90$5,600,919$0$0$3,903,666
91$6,009,289$0$0$4,190,215
92$6,454,181$0$0$4,502,476
93$6,939,159$0$0$4,842,960
94$7,468,143$0$0$5,214,433
95$8,045,451$0$0$5,619,937
96$8,675,835$0$0$6,062,822
97$9,364,525$0$0$6,546,775
98$10,117,280$0$0$7,075,856
99$10,940,439$0$0$7,654,534
100$11,840,983$0$0$8,287,732