Can I retire at age 51 with 695,000?

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 $695,000?

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$57,392$56,881$56,382$55,896$55,420$54,346
2 years$28,412$27,883$27,370$26,873$26,391$25,312
3 years$18,753$18,222$17,710$17,218$16,743$15,695
4 years$13,925$13,395$12,889$12,404$11,941$10,931
5 years$11,028$10,502$10,002$9,528$9,078$8,108
6 years$9,098$8,576$8,083$7,619$7,183$6,255
7 years$7,720$7,202$6,717$6,264$5,842$4,956
8 years$6,687$6,173$5,697$5,255$4,846$4,003
9 years$5,884$5,375$4,907$4,476$4,081$3,279
10 years$5,241$4,738$4,278$3,858$3,477$2,716
11 years$4,716$4,218$3,766$3,358$2,991$2,269
12 years$4,279$3,786$3,342$2,945$2,592$1,909
13 years$3,909$3,421$2,986$2,600$2,260$1,615
14 years$3,593$3,110$2,683$2,308$1,981$1,372
15 years$3,319$2,841$2,422$2,059$1,744$1,171
16 years$3,079$2,606$2,196$1,843$1,542$1,002
17 years$2,868$2,400$1,998$1,656$1,367$860
18 years$2,680$2,218$1,824$1,493$1,215$739
19 years$2,513$2,056$1,670$1,349$1,083$637
20 years$2,362$1,910$1,533$1,221$968$550
21 years$2,226$1,779$1,410$1,109$866$475
22 years$2,102$1,661$1,299$1,008$776$411
23 years$1,990$1,553$1,200$918$697$356
24 years$1,887$1,455$1,110$837$626$309
25 years$1,792$1,366$1,028$765$564$268
26 years$1,705$1,284$953$699$508$232
27 years$1,624$1,208$885$640$458$202
28 years$1,549$1,138$823$586$413$175
29 years$1,479$1,074$766$538$373$153
30 years$1,415$1,014$713$493$337$133
31 years$1,354$959$665$453$305$115
32 years$1,298$907$620$416$276$100
33 years$1,245$859$579$383$249$87
34 years$1,195$814$541$352$226$76
35 years$1,148$772$506$324$204$66
36 years$1,104$733$473$299$185$58
37 years$1,062$696$443$275$168$50
38 years$1,023$662$415$254$152$44
39 years$985$629$389$234$138$38
40 years$950$599$364$216$125$33
41 years$917$570$342$199$114$29
42 years$885$543$320$184$103$25
43 years$855$517$301$170$94$22
44 years$826$493$282$157$85$19
45 years$798$470$265$145$77$17
46 years$772$448$249$134$70$15
47 years$747$428$234$123$64$13
48 years$723$408$220$114$58$11
49 years$700$390$207$105$52$10
50 years$679$373$194$97$48$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $695,000, adding $4,324 every year, while hoping to spend $27,402 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: 67/22/11 Blend
50$695,000$695,000$695,000$695,000
51$770,350$733,515$722,743$819,857
52$819,770$740,302$717,799$860,133
53$873,313$746,503$711,771$900,488
54$931,370$752,060$704,595$943,899
55$994,371$756,913$696,200$990,661
56$1,062,791$760,995$686,516$1,041,103
57$1,137,149$764,238$675,469$1,095,583
58$1,218,020$766,567$662,978$1,154,500
59$1,306,033$767,904$648,963$1,218,290
60$1,401,883$768,165$633,338$1,287,438
61$1,506,332$767,263$616,012$1,362,477
62$1,620,221$765,102$596,891$1,443,994
63$1,744,474$761,582$575,878$1,532,637
64$1,880,109$756,599$552,869$1,629,123
65$2,028,247$750,039$527,756$1,734,241
66$2,190,120$741,782$500,428$1,848,860
67$2,367,086$731,704$470,766$1,973,941
68$2,560,641$719,669$438,649$2,110,542
69$2,772,430$705,536$403,947$2,259,832
70$3,004,265$689,155$366,527$2,423,100
71$3,258,142$670,366$326,248$2,601,765
72$3,536,260$649,001$282,964$2,797,396
73$3,841,037$624,881$236,522$3,011,721
74$4,175,140$597,817$186,763$3,246,646
75$4,541,505$567,611$133,520$3,504,274
76$4,943,365$534,050$76,619$3,786,925
77$5,384,281$496,912$15,879$4,097,155
78$5,868,177$455,959$0$4,437,785
79$6,399,373$410,943$0$4,817,670
80$6,982,629$361,599$0$5,236,859
81$7,623,188$307,649$0$5,697,291
82$8,326,828$248,798$0$6,203,165
83$9,099,909$184,734$0$6,759,105
84$9,949,443$115,130$0$7,370,213
85$10,883,152$39,636$0$8,042,108
86$11,909,543$0$0$8,780,989
87$13,037,990$0$0$9,603,882
88$14,278,820$0$0$10,519,324
89$15,643,408$0$0$11,526,121
90$17,144,292$0$0$12,633,526
91$18,795,282$0$0$13,851,737
92$20,611,593$0$0$15,191,987
93$22,609,994$0$0$16,666,655
94$24,808,955$0$0$18,289,379
95$27,228,832$0$0$20,075,187
96$29,892,052$0$0$22,040,637
97$32,823,325$0$0$24,203,972
98$36,049,880$0$0$26,585,297
99$39,601,719$0$0$29,206,760
100$43,511,900$0$0$32,092,771