Can I retire at age 51 with 689,000?

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 $689,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$56,897$56,390$55,896$55,413$54,942$54,032
2 years$28,167$27,642$27,134$26,641$26,163$25,248
3 years$18,591$18,065$17,557$17,069$16,599$15,709
4 years$13,805$13,279$12,777$12,297$11,838$10,979
5 years$10,933$10,411$9,916$9,446$8,999$8,174
6 years$9,020$8,501$8,013$7,554$7,121$6,330
7 years$7,653$7,140$6,659$6,210$5,791$5,035
8 years$6,629$6,120$5,647$5,210$4,804$4,083
9 years$5,833$5,328$4,864$4,437$4,046$3,359
10 years$5,196$4,697$4,241$3,825$3,447$2,794
11 years$4,676$4,181$3,733$3,329$2,965$2,345
12 years$4,242$3,753$3,313$2,920$2,569$1,981
13 years$3,876$3,392$2,960$2,578$2,240$1,684
14 years$3,562$3,083$2,660$2,288$1,964$1,438
15 years$3,290$2,816$2,401$2,041$1,729$1,232
16 years$3,053$2,584$2,177$1,827$1,528$1,060
17 years$2,843$2,380$1,981$1,642$1,355$914
18 years$2,657$2,199$1,809$1,480$1,205$790
19 years$2,491$2,038$1,656$1,337$1,074$684
20 years$2,342$1,894$1,519$1,211$959$594
21 years$2,207$1,764$1,398$1,099$858$516
22 years$2,084$1,647$1,288$999$769$449
23 years$1,973$1,540$1,189$910$691$391
24 years$1,870$1,443$1,100$830$621$341
25 years$1,776$1,354$1,019$758$559$297
26 years$1,690$1,273$945$693$503$259
27 years$1,610$1,198$877$634$454$227
28 years$1,536$1,129$816$581$409$198
29 years$1,467$1,065$759$533$370$173
30 years$1,403$1,005$707$489$334$151
31 years$1,343$950$659$449$302$133
32 years$1,286$899$615$413$273$116
33 years$1,234$852$574$380$247$102
34 years$1,185$807$537$349$224$89
35 years$1,138$766$502$322$203$78
36 years$1,094$727$469$296$184$68
37 years$1,053$690$439$273$166$60
38 years$1,014$656$411$252$151$52
39 years$977$624$385$232$137$46
40 years$942$593$361$214$124$40
41 years$909$565$339$197$113$35
42 years$877$538$318$182$102$31
43 years$847$513$298$168$93$27
44 years$819$489$280$155$84$24
45 years$791$466$263$143$76$21
46 years$765$444$247$132$69$18
47 years$741$424$232$122$63$16
48 years$717$405$218$113$57$14
49 years$694$387$205$104$52$12
50 years$673$369$193$97$47$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $689,000, adding $4,390 every year, while hoping to spend $22,260 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: 36/34/30 Blend
50$689,000$689,000$689,000$689,000
51$763,806$727,289$716,610$784,310
52$818,030$739,242$716,932$811,974
53$877,039$751,034$716,518$839,509
54$941,296$762,635$715,322$868,816
55$1,011,315$774,010$713,291$900,072
56$1,087,656$785,124$710,374$933,469
57$1,170,940$795,938$706,514$969,223
58$1,261,847$806,410$701,654$1,007,572
59$1,361,128$816,497$695,732$1,048,777
60$1,469,609$826,151$688,685$1,093,131
61$1,588,199$835,322$680,445$1,140,955
62$1,717,899$843,957$670,944$1,192,605
63$1,859,811$851,997$660,107$1,248,476
64$2,015,148$859,381$647,857$1,309,004
65$2,185,248$866,045$634,114$1,374,671
66$2,371,581$871,919$618,795$1,446,009
67$2,575,768$876,929$601,811$1,523,608
68$2,799,595$880,997$583,069$1,608,120
69$3,045,026$884,038$562,475$1,700,264
70$3,314,227$885,965$539,926$1,800,838
71$3,609,583$886,682$515,319$1,910,721
72$3,933,720$886,089$488,542$2,030,884
73$4,289,533$884,080$459,480$2,162,403
74$4,680,207$880,542$428,015$2,306,464
75$5,109,253$875,354$394,019$2,464,378
76$5,580,540$868,390$357,362$2,637,594
77$6,098,328$859,513$317,906$2,827,711
78$6,667,310$848,582$275,508$3,036,497
79$7,292,657$835,444$230,020$3,265,901
80$7,980,067$819,939$181,283$3,518,078
81$8,735,813$801,896$129,136$3,795,408
82$9,566,813$781,135$73,409$4,100,515
83$10,480,682$757,466$13,922$4,436,300
84$11,485,815$730,685$0$4,805,961
85$12,591,458$700,579$0$5,228,897
86$13,807,801$666,921$0$5,698,928
87$15,146,070$629,473$0$6,215,962
88$16,618,633$587,981$0$6,784,814
89$18,239,118$542,177$0$7,410,794
90$20,022,543$491,779$0$8,099,760
91$21,985,453$436,486$0$8,858,167
92$24,146,079$375,984$0$9,693,135
93$26,524,509$309,937$0$10,612,513
94$29,142,878$237,993$0$11,624,957
95$32,025,576$159,780$0$12,740,009
96$35,199,479$74,902$0$13,968,189
97$38,694,199$0$0$15,321,097
98$42,542,368$0$0$16,817,901
99$46,779,944$0$0$18,497,158
100$51,446,547$0$0$20,346,559