Can I retire at age 51 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$51,364$50,907$50,460$50,025$49,599$48,979
2 years$25,428$24,954$24,495$24,050$23,619$22,995
3 years$16,783$16,308$15,850$15,409$14,985$14,377
4 years$12,462$11,988$11,535$11,101$10,687$10,099
5 years$9,870$9,399$8,951$8,527$8,124$7,558
6 years$8,143$7,675$7,234$6,819$6,428$5,885
7 years$6,909$6,445$6,012$5,606$5,228$4,707
8 years$5,984$5,525$5,098$4,703$4,337$3,839
9 years$5,266$4,810$4,391$4,006$3,653$3,177
10 years$4,691$4,240$3,828$3,453$3,112$2,659
11 years$4,221$3,775$3,370$3,005$2,677$2,245
12 years$3,830$3,388$2,991$2,636$2,319$1,910
13 years$3,499$3,062$2,672$2,327$2,023$1,633
14 years$3,215$2,783$2,401$2,066$1,773$1,404
15 years$2,970$2,542$2,168$1,842$1,561$1,212
16 years$2,756$2,333$1,966$1,650$1,380$1,049
17 years$2,567$2,148$1,789$1,482$1,223$911
18 years$2,399$1,985$1,633$1,336$1,088$794
19 years$2,249$1,840$1,495$1,207$970$692
20 years$2,114$1,710$1,372$1,093$866$605
21 years$1,992$1,592$1,262$992$775$530
22 years$1,882$1,486$1,163$902$695$464
23 years$1,781$1,390$1,074$822$624$407
24 years$1,688$1,303$993$749$560$358
25 years$1,604$1,222$920$684$504$315
26 years$1,525$1,149$853$626$454$277
27 years$1,453$1,081$792$573$410$244
28 years$1,386$1,019$736$525$370$215
29 years$1,324$961$685$481$334$189
30 years$1,266$908$638$442$302$167
31 years$1,212$858$595$406$273$147
32 years$1,161$812$555$373$247$130
33 years$1,114$769$518$343$223$115
34 years$1,069$729$484$315$202$101
35 years$1,027$691$453$290$183$90
36 years$988$656$424$267$166$79
37 years$951$623$396$246$150$70
38 years$915$592$371$227$136$62
39 years$882$563$348$209$124$55
40 years$850$536$326$193$112$48
41 years$820$510$306$178$102$43
42 years$792$486$287$164$92$38
43 years$765$463$269$152$84$33
44 years$739$441$253$140$76$30
45 years$714$421$237$129$69$26
46 years$691$401$223$120$63$23
47 years$669$383$209$110$57$20
48 years$647$366$197$102$52$18
49 years$627$349$185$94$47$16
50 years$607$333$174$87$43$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $622,000, adding $6,188 every year, while hoping to spend $41,567 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: 36/35/29 Blend
50$622,000$622,000$622,000$622,000
51$691,827$658,861$649,220$710,537
52$718,166$646,918$626,742$713,083
53$745,799$632,997$602,118$711,643
54$774,814$616,957$575,231$709,297
55$805,305$598,648$545,962$705,994
56$837,378$577,913$514,183$701,678
57$871,145$554,586$479,763$696,293
58$906,729$528,488$442,563$689,782
59$944,265$499,433$402,438$682,086
60$983,898$467,224$359,238$673,147
61$1,025,789$431,651$312,806$662,902
62$1,070,111$392,493$262,976$651,291
63$1,117,054$349,517$209,577$638,252
64$1,166,825$302,476$152,430$623,723
65$1,219,652$251,108$91,348$607,642
66$1,275,783$195,138$26,134$589,947
67$1,335,488$134,275$0$570,579
68$1,399,064$68,211$0$562,927
69$1,466,838$0$0$562,990
70$1,539,163$0$0$563,988
71$1,616,431$0$0$593,173
72$1,699,070$0$0$624,442
73$1,787,546$0$0$657,980
74$1,882,376$0$0$693,989
75$1,984,121$0$0$732,691
76$2,093,402$0$0$774,329
77$2,210,896$0$0$819,172
78$2,337,350$0$0$867,514
79$2,473,582$0$0$919,678
80$2,620,491$0$0$976,018
81$2,779,065$0$0$1,036,924
82$2,950,389$0$0$1,102,826
83$3,135,655$0$0$1,174,194
84$3,336,175$0$0$1,251,546
85$3,553,389$0$0$1,335,451
86$3,788,882$0$0$1,426,538
87$4,044,397$0$0$1,525,493
88$4,321,849$0$0$1,633,075
89$4,623,346$0$0$1,750,118
90$4,951,207$0$0$1,877,539
91$5,307,983$0$0$2,016,348
92$5,696,480$0$0$2,167,656
93$6,119,787$0$0$2,332,684
94$6,581,302$0$0$2,512,779
95$7,084,767$0$0$2,709,422
96$7,634,299$0$0$2,924,243
97$8,234,430$0$0$3,159,037
98$8,890,149$0$0$3,415,780
99$9,606,950$0$0$3,696,649
100$10,390,880$0$0$4,004,039