Can I retire at age 51 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$57,062$56,554$56,058$55,574$55,101$54,033
2 years$28,249$27,722$27,213$26,718$26,239$25,167
3 years$18,645$18,117$17,608$17,119$16,647$15,605
4 years$13,845$13,318$12,814$12,333$11,873$10,868
5 years$10,965$10,441$9,944$9,473$9,025$8,062
6 years$9,046$8,526$8,037$7,576$7,142$6,219
7 years$7,676$7,160$6,678$6,228$5,808$4,928
8 years$6,648$6,138$5,664$5,225$4,818$3,980
9 years$5,850$5,344$4,878$4,450$4,058$3,260
10 years$5,211$4,710$4,253$3,836$3,457$2,700
11 years$4,689$4,193$3,744$3,339$2,973$2,256
12 years$4,255$3,764$3,323$2,928$2,577$1,898
13 years$3,887$3,401$2,969$2,585$2,247$1,605
14 years$3,572$3,092$2,668$2,295$1,970$1,364
15 years$3,300$2,824$2,408$2,047$1,734$1,164
16 years$3,061$2,591$2,184$1,833$1,533$996
17 years$2,851$2,386$1,987$1,647$1,359$855
18 years$2,665$2,205$1,814$1,484$1,208$735
19 years$2,498$2,044$1,660$1,341$1,077$633
20 years$2,348$1,899$1,524$1,214$962$547
21 years$2,213$1,769$1,402$1,102$861$472
22 years$2,090$1,651$1,292$1,002$772$409
23 years$1,978$1,544$1,193$913$693$354
24 years$1,876$1,447$1,103$832$623$307
25 years$1,782$1,358$1,022$760$560$266
26 years$1,695$1,276$948$695$505$231
27 years$1,614$1,201$880$636$455$201
28 years$1,540$1,132$818$583$411$174
29 years$1,471$1,068$761$535$371$152
30 years$1,407$1,008$709$491$335$132
31 years$1,346$953$661$451$303$115
32 years$1,290$902$617$414$274$100
33 years$1,237$854$576$381$248$87
34 years$1,188$810$538$350$224$76
35 years$1,141$768$503$323$203$66
36 years$1,097$729$471$297$184$57
37 years$1,056$692$440$274$167$50
38 years$1,017$658$412$252$151$44
39 years$980$626$386$233$137$38
40 years$945$595$362$215$124$33
41 years$911$567$340$198$113$29
42 years$880$540$319$183$102$25
43 years$850$514$299$169$93$22
44 years$821$490$281$156$84$19
45 years$794$467$264$144$77$17
46 years$768$446$247$133$70$14
47 years$743$425$233$123$63$13
48 years$719$406$218$113$57$11
49 years$696$388$205$105$52$10
50 years$675$370$193$97$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $691,000, adding $2,355 every year, while hoping to spend $51,334 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: 61/34/5 Blend
50$691,000$691,000$691,000$691,000
51$763,911$727,288$716,578$809,744
52$787,211$708,306$685,964$821,651
53$811,167$686,674$652,604$828,454
54$835,792$662,207$616,352$834,550
55$861,098$634,710$577,055$839,871
56$887,097$603,978$534,554$844,343
57$913,800$569,792$488,681$847,887
58$941,218$531,922$439,262$850,419
59$969,360$490,124$386,115$851,850
60$998,235$444,140$329,050$852,083
61$1,027,850$393,698$267,868$851,016
62$1,058,211$338,510$202,362$848,540
63$1,089,323$278,271$132,316$844,539
64$1,121,189$212,661$57,503$838,888
65$1,153,808$141,340$0$831,455
66$1,187,180$63,949$0$823,289
67$1,221,300$0$0$816,400
68$1,256,161$0$0$815,010
69$1,291,751$0$0$838,009
70$1,328,056$0$0$861,459
71$1,365,058$0$0$885,346
72$1,402,733$0$0$909,655
73$1,441,051$0$0$934,365
74$1,479,978$0$0$959,451
75$1,519,472$0$0$984,883
76$1,559,482$0$0$1,010,629
77$1,599,952$0$0$1,036,646
78$1,640,814$0$0$1,062,890
79$1,681,991$0$0$1,089,307
80$1,723,393$0$0$1,115,835
81$1,764,917$0$0$1,142,405
82$1,806,448$0$0$1,168,936
83$1,847,853$0$0$1,195,339
84$1,888,981$0$0$1,221,511
85$1,929,662$0$0$1,247,337
86$1,969,705$0$0$1,272,685
87$2,008,894$0$0$1,297,410
88$2,046,986$0$0$1,321,346
89$2,083,709$0$0$1,344,310
90$2,118,757$0$0$1,366,093
91$2,151,789$0$0$1,386,465
92$2,182,423$0$0$1,405,168
93$2,210,233$0$0$1,421,913
94$2,234,744$0$0$1,436,378
95$2,255,426$0$0$1,448,206
96$2,271,688$0$0$1,456,998
97$2,282,874$0$0$1,462,310
98$2,288,255$0$0$1,463,650
99$2,287,020$0$0$1,460,471
100$2,278,267$0$0$1,452,165