Can I retire at age 51 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$51,447$50,988$50,541$50,105$49,679$49,242
2 years$25,469$24,994$24,535$24,089$23,657$23,216
3 years$16,810$16,334$15,876$15,434$15,009$14,579
4 years$12,482$12,007$11,553$11,119$10,704$10,288
5 years$9,886$9,414$8,966$8,541$8,137$7,736
6 years$8,156$7,687$7,246$6,830$6,439$6,053
7 years$6,920$6,456$6,021$5,615$5,236$4,866
8 years$5,994$5,534$5,106$4,711$4,344$3,989
9 years$5,274$4,818$4,398$4,012$3,658$3,319
10 years$4,698$4,247$3,834$3,459$3,117$2,792
11 years$4,228$3,781$3,376$3,010$2,681$2,371
12 years$3,836$3,393$2,996$2,640$2,323$2,028
13 years$3,504$3,067$2,677$2,331$2,026$1,745
14 years$3,221$2,787$2,405$2,069$1,776$1,509
15 years$2,975$2,546$2,171$1,845$1,564$1,310
16 years$2,760$2,336$1,969$1,652$1,382$1,142
17 years$2,571$2,152$1,791$1,485$1,225$998
18 years$2,403$1,988$1,635$1,338$1,089$874
19 years$2,252$1,843$1,497$1,209$971$768
20 years$2,117$1,712$1,374$1,095$867$676
21 years$1,995$1,595$1,264$994$776$595
22 years$1,885$1,489$1,165$903$696$525
23 years$1,784$1,392$1,075$823$625$464
24 years$1,691$1,305$995$750$561$411
25 years$1,606$1,224$921$685$505$364
26 years$1,528$1,151$854$627$455$322
27 years$1,456$1,083$793$574$410$286
28 years$1,389$1,020$738$526$370$254
29 years$1,326$963$686$482$334$225
30 years$1,268$909$639$442$302$200
31 years$1,214$859$596$406$273$178
32 years$1,163$813$556$373$247$158
33 years$1,116$770$519$343$224$141
34 years$1,071$730$485$316$202$125
35 years$1,029$692$454$291$183$111
36 years$989$657$424$268$166$99
37 years$952$624$397$247$151$88
38 years$917$593$372$227$136$79
39 years$883$564$348$210$124$70
40 years$852$537$327$193$112$62
41 years$822$511$306$178$102$56
42 years$793$486$287$165$92$50
43 years$766$463$270$152$84$44
44 years$740$442$253$140$76$39
45 years$716$421$238$130$69$35
46 years$692$402$223$120$63$31
47 years$670$384$210$111$57$28
48 years$648$366$197$102$52$25
49 years$628$350$185$94$47$22
50 years$608$334$174$87$43$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $623,000, adding $3,803 every year, while hoping to spend $27,152 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: 77/17/6 Blend
50$623,000$623,000$623,000$623,000
51$690,469$657,450$647,793$742,954
52$732,007$660,775$640,605$781,265
53$776,872$663,354$632,266$819,358
54$825,375$665,120$622,708$860,321
55$877,857$666,004$611,863$904,425
56$934,693$665,933$599,655$951,972
57$996,296$664,829$586,008$1,003,293
58$1,063,120$662,607$570,841$1,058,754
59$1,135,664$659,181$554,070$1,118,756
60$1,214,477$654,455$535,606$1,183,745
61$1,300,163$648,333$515,358$1,254,209
62$1,393,385$640,707$493,228$1,330,687
63$1,494,875$631,466$469,116$1,413,772
64$1,605,437$620,493$442,916$1,504,121
65$1,725,956$607,661$414,518$1,602,454
66$1,857,406$592,839$383,807$1,709,568
67$2,000,860$575,886$350,663$1,826,341
68$2,157,496$556,654$314,959$1,953,738
69$2,328,615$534,984$276,564$2,092,826
70$2,515,646$510,710$235,341$2,244,782
71$2,720,163$483,657$191,147$2,410,900
72$2,943,901$453,637$143,831$2,592,609
73$3,188,768$420,455$93,239$2,791,484
74$3,456,867$383,901$39,206$3,009,262
75$3,750,510$343,755$0$3,247,857
76$4,072,249$299,785$0$3,510,561
77$4,424,889$251,745$0$3,801,274
78$4,811,522$199,376$0$4,120,062
79$5,235,554$142,401$0$4,469,765
80$5,700,734$80,533$0$4,853,512
81$6,211,194$13,464$0$5,274,756
82$6,771,485$0$0$5,737,300
83$7,386,617$0$0$6,256,396
84$8,062,113$0$0$6,829,220
85$8,804,054$0$0$7,458,415
86$9,619,141$0$0$8,149,666
87$10,514,754$0$0$8,909,234
88$11,499,026$0$0$9,744,020
89$12,580,914$0$0$10,661,624
90$13,770,288$0$0$11,670,421
91$15,078,020$0$0$12,779,636
92$16,516,091$0$0$13,999,435
93$18,097,699$0$0$15,341,016
94$19,837,385$0$0$16,816,717
95$21,751,171$0$0$18,440,135
96$23,856,710$0$0$20,226,246
97$26,173,453$0$0$22,191,555
98$28,722,828$0$0$24,354,246
99$31,528,450$0$0$26,734,354
100$34,616,337$0$0$29,353,957