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%11%
1 years$51,364$50,907$50,460$50,025$49,599$49,390
2 years$25,428$24,954$24,495$24,050$23,619$23,408
3 years$16,783$16,308$15,850$15,409$14,985$14,778
4 years$12,462$11,988$11,535$11,101$10,687$10,487
5 years$9,870$9,399$8,951$8,527$8,124$7,931
6 years$8,143$7,675$7,234$6,819$6,428$6,242
7 years$6,909$6,445$6,012$5,606$5,228$5,048
8 years$5,984$5,525$5,098$4,703$4,337$4,165
9 years$5,266$4,810$4,391$4,006$3,653$3,487
10 years$4,691$4,240$3,828$3,453$3,112$2,954
11 years$4,221$3,775$3,370$3,005$2,677$2,525
12 years$3,830$3,388$2,991$2,636$2,319$2,175
13 years$3,499$3,062$2,672$2,327$2,023$1,884
14 years$3,215$2,783$2,401$2,066$1,773$1,641
15 years$2,970$2,542$2,168$1,842$1,561$1,436
16 years$2,756$2,333$1,966$1,650$1,380$1,260
17 years$2,567$2,148$1,789$1,482$1,223$1,110
18 years$2,399$1,985$1,633$1,336$1,088$980
19 years$2,249$1,840$1,495$1,207$970$867
20 years$2,114$1,710$1,372$1,093$866$769
21 years$1,992$1,592$1,262$992$775$683
22 years$1,882$1,486$1,163$902$695$608
23 years$1,781$1,390$1,074$822$624$542
24 years$1,688$1,303$993$749$560$483
25 years$1,604$1,222$920$684$504$432
26 years$1,525$1,149$853$626$454$386
27 years$1,453$1,081$792$573$410$345
28 years$1,386$1,019$736$525$370$309
29 years$1,324$961$685$481$334$277
30 years$1,266$908$638$442$302$248
31 years$1,212$858$595$406$273$223
32 years$1,161$812$555$373$247$200
33 years$1,114$769$518$343$223$179
34 years$1,069$729$484$315$202$161
35 years$1,027$691$453$290$183$145
36 years$988$656$424$267$166$130
37 years$951$623$396$246$150$117
38 years$915$592$371$227$136$105
39 years$882$563$348$209$124$94
40 years$850$536$326$193$112$85
41 years$820$510$306$178$102$76
42 years$792$486$287$164$92$69
43 years$765$463$269$152$84$62
44 years$739$441$253$140$76$56
45 years$714$421$237$129$69$50
46 years$691$401$223$120$63$45
47 years$669$383$209$110$57$41
48 years$647$366$197$102$52$37
49 years$627$349$185$94$47$33
50 years$607$333$174$87$43$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $622,000, adding $4,270 every year, while hoping to spend $25,706 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: 74/17/9 Blend
50$622,000$622,000$622,000$622,000
51$689,849$656,883$647,242$739,520
52$732,862$661,719$641,573$777,689
53$779,401$665,930$634,853$815,842
54$829,799$669,460$627,020$856,918
55$884,421$672,245$618,007$901,199
56$943,668$674,222$607,747$948,994
57$1,007,984$675,320$596,167$1,000,646
58$1,077,853$675,466$583,194$1,056,530
59$1,153,811$674,581$568,748$1,117,061
60$1,236,447$672,582$552,748$1,182,697
61$1,326,407$669,381$535,108$1,253,942
62$1,424,404$664,885$515,738$1,331,352
63$1,531,223$658,993$494,544$1,415,540
64$1,647,724$651,601$471,428$1,507,182
65$1,774,859$642,596$446,288$1,607,022
66$1,913,673$631,861$419,016$1,715,882
67$2,065,315$619,270$389,501$1,834,668
68$2,231,053$604,690$357,625$1,964,378
69$2,412,281$587,981$323,266$2,106,113
70$2,610,534$568,993$286,297$2,261,087
71$2,827,504$547,569$246,583$2,430,638
72$3,065,052$523,542$203,986$2,616,241
73$3,325,227$496,735$158,359$2,819,524
74$3,610,288$466,963$109,552$3,042,279
75$3,922,721$434,027$57,405$3,286,486
76$4,265,263$397,720$1,753$3,554,324
77$4,640,931$357,819$0$3,848,197
78$5,053,047$314,093$0$4,176,291
79$5,505,268$266,294$0$4,536,533
80$6,001,626$214,163$0$4,931,994
81$6,546,559$157,424$0$5,366,245
82$7,144,958$95,788$0$5,843,223
83$7,802,208$28,946$0$6,367,264
84$8,524,245$0$0$6,943,151
85$9,317,605$0$0$7,584,276
86$10,189,491$0$0$8,294,839
87$11,147,835$0$0$9,075,894
88$12,201,380$0$0$9,934,568
89$13,359,755$0$0$10,878,714
90$14,633,570$0$0$11,916,984
91$16,034,515$0$0$13,058,909
92$17,575,468$0$0$14,314,993
93$19,270,619$0$0$15,696,805
94$21,135,603$0$0$17,217,095
95$23,187,646$0$0$18,889,910
96$25,445,728$0$0$20,730,728
97$27,930,761$0$0$22,756,601
98$30,665,790$0$0$24,986,320
99$33,676,204$0$0$27,440,590
100$36,989,978$0$0$30,142,224