Can I retire at age 51 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$51,282$50,825$50,379$49,944$49,519$48,264
2 years$25,387$24,914$24,456$24,012$23,581$22,324
3 years$16,757$16,282$15,825$15,384$14,961$13,742
4 years$12,442$11,969$11,516$11,084$10,670$9,498
5 years$9,854$9,384$8,937$8,513$8,111$6,990
6 years$8,129$7,662$7,222$6,808$6,418$5,349
7 years$6,898$6,435$6,002$5,597$5,220$4,202
8 years$5,975$5,516$5,090$4,695$4,330$3,364
9 years$5,257$4,803$4,384$4,000$3,647$2,732
10 years$4,683$4,233$3,822$3,448$3,107$2,242
11 years$4,214$3,769$3,365$3,000$2,672$1,855
12 years$3,824$3,383$2,986$2,632$2,316$1,545
13 years$3,493$3,057$2,668$2,323$2,019$1,294
14 years$3,210$2,779$2,397$2,063$1,770$1,089
15 years$2,965$2,538$2,164$1,839$1,559$919
16 years$2,751$2,329$1,962$1,647$1,377$778
17 years$2,563$2,145$1,786$1,480$1,221$660
18 years$2,395$1,982$1,630$1,334$1,086$562
19 years$2,245$1,837$1,492$1,205$968$479
20 years$2,111$1,707$1,370$1,091$865$408
21 years$1,989$1,590$1,260$991$774$349
22 years$1,879$1,484$1,161$901$694$298
23 years$1,778$1,388$1,072$820$623$255
24 years$1,686$1,300$991$748$560$219
25 years$1,601$1,220$918$683$504$188
26 years$1,523$1,147$852$625$454$161
27 years$1,451$1,079$791$572$409$138
28 years$1,384$1,017$735$524$369$119
29 years$1,322$960$684$480$333$102
30 years$1,264$906$637$441$301$87
31 years$1,210$857$594$405$272$75
32 years$1,160$811$554$372$246$65
33 years$1,112$768$518$342$223$56
34 years$1,068$728$484$315$202$48
35 years$1,026$690$452$290$183$41
36 years$986$655$423$267$166$35
37 years$949$622$396$246$150$30
38 years$914$591$371$227$136$26
39 years$881$562$347$209$123$22
40 years$849$535$326$193$112$19
41 years$819$509$305$178$102$17
42 years$791$485$286$164$92$14
43 years$764$462$269$152$84$12
44 years$738$440$252$140$76$11
45 years$713$420$237$129$69$9
46 years$690$401$222$119$63$8
47 years$668$382$209$110$57$7
48 years$646$365$196$102$52$6
49 years$626$349$185$94$47$5
50 years$606$333$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $621,000, adding $4,082 every year, while hoping to spend $46,845 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: 69/6/25 Blend
50$621,000$621,000$621,000$621,000
51$688,553$655,640$646,014$731,397
52$708,942$637,923$617,813$742,916
53$729,842$617,769$587,097$749,731
54$751,253$595,007$553,732$756,091
55$773,178$569,460$517,580$761,950
56$795,616$540,937$478,493$767,258
57$818,566$509,240$436,319$771,962
58$842,023$474,156$390,899$776,004
59$865,981$435,462$342,066$779,323
60$890,433$392,921$289,646$781,854
61$915,366$346,283$233,459$783,524
62$940,767$295,284$173,313$784,258
63$966,618$239,646$109,012$783,974
64$992,898$179,073$40,348$782,583
65$1,019,580$113,254$0$779,991
66$1,046,633$41,860$0$784,879
67$1,074,023$0$0$800,411
68$1,101,706$0$0$818,098
69$1,129,634$0$0$838,716
70$1,157,751$0$0$859,458
71$1,185,992$0$0$880,275
72$1,214,283$0$0$901,108
73$1,242,540$0$0$921,895
74$1,270,668$0$0$942,562
75$1,298,559$0$0$963,025
76$1,326,091$0$0$983,192
77$1,353,126$0$0$1,002,957
78$1,379,510$0$0$1,022,202
79$1,405,068$0$0$1,040,793
80$1,429,606$0$0$1,058,582
81$1,452,905$0$0$1,075,401
82$1,474,721$0$0$1,091,065
83$1,494,782$0$0$1,105,365
84$1,512,782$0$0$1,118,068
85$1,528,382$0$0$1,128,915
86$1,541,205$0$0$1,137,619
87$1,550,829$0$0$1,143,856
88$1,556,786$0$0$1,147,272
89$1,558,555$0$0$1,147,468
90$1,555,558$0$0$1,144,004
91$1,547,154$0$0$1,136,391
92$1,532,630$0$0$1,124,086
93$1,511,195$0$0$1,106,487
94$1,481,975$0$0$1,082,927
95$1,443,999$0$0$1,052,666
96$1,396,191$0$0$1,014,887
97$1,337,361$0$0$968,681
98$1,266,191$0$0$913,046
99$1,181,223$0$0$846,871
100$1,080,844$0$0$768,929