Can I retire at age 51 with 688,000?

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 $688,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$56,814$56,308$55,815$55,333$54,862$53,732
2 years$28,126$27,602$27,094$26,602$26,125$24,992
3 years$18,564$18,038$17,532$17,044$16,575$15,474
4 years$13,785$13,260$12,759$12,279$11,821$10,761
5 years$10,917$10,396$9,901$9,432$8,986$7,969
6 years$9,007$8,489$8,002$7,543$7,111$6,138
7 years$7,642$7,129$6,649$6,201$5,783$4,855
8 years$6,619$6,111$5,639$5,202$4,797$3,914
9 years$5,824$5,321$4,857$4,431$4,040$3,201
10 years$5,189$4,690$4,235$3,820$3,442$2,646
11 years$4,669$4,175$3,728$3,324$2,961$2,207
12 years$4,236$3,747$3,309$2,916$2,566$1,853
13 years$3,870$3,387$2,956$2,574$2,237$1,564
14 years$3,557$3,078$2,656$2,285$1,961$1,327
15 years$3,285$2,812$2,398$2,038$1,727$1,129
16 years$3,048$2,580$2,174$1,825$1,526$964
17 years$2,839$2,376$1,978$1,639$1,353$826
18 years$2,653$2,196$1,806$1,477$1,203$709
19 years$2,487$2,035$1,653$1,335$1,072$609
20 years$2,338$1,891$1,517$1,209$958$525
21 years$2,204$1,761$1,396$1,097$857$452
22 years$2,081$1,644$1,286$998$768$390
23 years$1,970$1,538$1,188$909$690$337
24 years$1,868$1,441$1,098$829$620$292
25 years$1,774$1,352$1,017$757$558$253
26 years$1,687$1,271$944$692$502$219
27 years$1,607$1,196$876$633$453$189
28 years$1,533$1,127$814$580$409$164
29 years$1,465$1,063$758$532$369$142
30 years$1,400$1,004$706$488$334$124
31 years$1,341$949$658$449$302$107
32 years$1,285$898$614$412$273$93
33 years$1,232$850$573$379$247$81
34 years$1,183$806$536$349$223$70
35 years$1,136$765$501$321$202$61
36 years$1,093$726$469$296$183$53
37 years$1,051$689$439$272$166$46
38 years$1,012$655$411$251$151$40
39 years$976$623$385$232$137$35
40 years$941$593$361$214$124$30
41 years$907$564$338$197$112$26
42 years$876$537$317$182$102$23
43 years$846$512$298$168$93$20
44 years$817$488$279$155$84$17
45 years$790$465$262$143$76$15
46 years$764$444$246$132$69$13
47 years$740$424$232$122$63$11
48 years$716$404$218$113$57$10
49 years$693$386$204$104$52$9
50 years$672$369$192$96$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $688,000, adding $2,599 every year, while hoping to spend $24,142 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: 32/46/22 Blend
50$688,000$688,000$688,000$688,000
51$760,857$724,393$713,729$779,970
52$812,777$734,201$711,952$804,382
53$869,185$743,681$709,306$828,297
54$930,511$752,791$705,737$853,560
55$997,231$761,486$701,188$880,304
56$1,069,869$769,719$695,598$908,676
57$1,149,000$777,440$688,905$938,842
58$1,235,258$784,594$681,043$970,983
59$1,329,339$791,124$671,943$1,005,303
60$1,432,011$796,968$661,532$1,042,025
61$1,544,119$802,062$649,736$1,081,400
62$1,666,592$806,336$636,475$1,123,703
63$1,800,454$809,716$621,667$1,169,241
64$1,946,832$812,124$605,224$1,218,354
65$2,106,966$813,476$587,057$1,271,419
66$2,282,223$813,682$567,070$1,328,852
67$2,474,107$812,650$545,164$1,391,118
68$2,684,275$810,279$521,236$1,458,727
69$2,914,551$806,463$495,177$1,532,249
70$3,166,945$801,089$466,875$1,612,310
71$3,443,668$794,037$436,210$1,699,607
72$3,747,159$785,181$403,060$1,794,911
73$4,080,101$774,387$367,294$1,899,073
74$4,445,451$761,512$328,779$2,013,037
75$4,846,466$746,406$287,372$2,137,847
76$5,286,734$728,907$242,927$2,274,657
77$5,770,205$708,848$195,289$2,424,745
78$6,301,234$686,050$144,299$2,589,522
79$6,884,615$660,321$89,789$2,770,550
80$7,525,632$631,463$31,583$2,969,555
81$8,230,105$599,263$0$3,188,447
82$9,004,444$563,496$0$3,436,501
83$9,855,715$523,924$0$3,717,260
84$10,791,698$480,297$0$4,025,925
85$11,820,970$432,350$0$4,365,391
86$12,952,975$379,802$0$4,738,854
87$14,198,122$322,356$0$5,149,840
88$15,567,879$259,699$0$5,602,241
89$17,074,879$191,501$0$6,100,354
90$18,733,044$117,412$0$6,648,919
91$20,557,713$37,064$0$7,253,165
92$22,565,786$0$0$7,918,865
93$24,775,885$0$0$8,677,662
94$27,208,528$0$0$9,533,641
95$29,886,324$0$0$10,476,012
96$32,834,184$0$0$11,513,558
97$36,079,559$0$0$12,655,957
98$39,652,696$0$0$13,913,873
99$43,586,923$0$0$15,299,057
100$47,918,965$0$0$16,824,458