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%14%
1 years$51,447$50,988$50,541$50,105$49,679$48,856
2 years$25,469$24,994$24,535$24,089$23,657$22,830
3 years$16,810$16,334$15,876$15,434$15,009$14,204
4 years$12,482$12,007$11,553$11,119$10,704$9,928
5 years$9,886$9,414$8,966$8,541$8,137$7,391
6 years$8,156$7,687$7,246$6,830$6,439$5,724
7 years$6,920$6,456$6,021$5,615$5,236$4,553
8 years$5,994$5,534$5,106$4,711$4,344$3,692
9 years$5,274$4,818$4,398$4,012$3,658$3,037
10 years$4,698$4,247$3,834$3,459$3,117$2,527
11 years$4,228$3,781$3,376$3,010$2,681$2,120
12 years$3,836$3,393$2,996$2,640$2,323$1,792
13 years$3,504$3,067$2,677$2,331$2,026$1,523
14 years$3,221$2,787$2,405$2,069$1,776$1,300
15 years$2,975$2,546$2,171$1,845$1,564$1,114
16 years$2,760$2,336$1,969$1,652$1,382$958
17 years$2,571$2,152$1,791$1,485$1,225$826
18 years$2,403$1,988$1,635$1,338$1,089$714
19 years$2,252$1,843$1,497$1,209$971$619
20 years$2,117$1,712$1,374$1,095$867$537
21 years$1,995$1,595$1,264$994$776$466
22 years$1,885$1,489$1,165$903$696$406
23 years$1,784$1,392$1,075$823$625$353
24 years$1,691$1,305$995$750$561$308
25 years$1,606$1,224$921$685$505$269
26 years$1,528$1,151$854$627$455$235
27 years$1,456$1,083$793$574$410$205
28 years$1,389$1,020$738$526$370$179
29 years$1,326$963$686$482$334$157
30 years$1,268$909$639$442$302$137
31 years$1,214$859$596$406$273$120
32 years$1,163$813$556$373$247$105
33 years$1,116$770$519$343$224$92
34 years$1,071$730$485$316$202$80
35 years$1,029$692$454$291$183$70
36 years$989$657$424$268$166$62
37 years$952$624$397$247$151$54
38 years$917$593$372$227$136$47
39 years$883$564$348$210$124$42
40 years$852$537$327$193$112$36
41 years$822$511$306$178$102$32
42 years$793$486$287$165$92$28
43 years$766$463$270$152$84$25
44 years$740$442$253$140$76$22
45 years$716$421$238$130$69$19
46 years$692$402$223$120$63$17
47 years$670$384$210$111$57$15
48 years$648$366$197$102$52$13
49 years$628$350$185$94$47$11
50 years$608$334$174$87$43$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $623,000, adding $3,760 every year, while hoping to spend $45,560 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: 50/21/29 Blend
50$623,000$623,000$623,000$623,000
51$690,424$657,405$647,749$719,108
52$712,372$641,143$620,973$723,311
53$735,032$622,556$591,773$723,059
54$758,427$601,484$560,020$721,903
55$782,585$577,755$525,578$719,779
56$807,530$551,186$488,307$716,620
57$833,292$521,588$448,059$712,354
58$859,898$488,756$404,679$706,906
59$887,378$452,476$358,006$700,198
60$915,764$412,521$307,873$692,146
61$945,089$368,651$254,104$682,663
62$975,386$320,613$196,514$671,657
63$1,006,691$268,138$134,913$659,032
64$1,039,041$210,945$69,101$644,685
65$1,072,476$148,734$0$628,511
66$1,107,036$81,189$0$610,747
67$1,142,764$7,978$0$613,766
68$1,179,704$0$0$616,111
69$1,217,905$0$0$634,189
70$1,257,414$0$0$654,798
71$1,298,285$0$0$676,119
72$1,340,573$0$0$698,184
73$1,384,334$0$0$721,021
74$1,429,630$0$0$744,665
75$1,476,526$0$0$769,147
76$1,525,088$0$0$794,506
77$1,575,390$0$0$820,779
78$1,627,506$0$0$848,007
79$1,681,519$0$0$876,232
80$1,737,513$0$0$905,501
81$1,795,579$0$0$935,861
82$1,855,815$0$0$967,366
83$1,918,323$0$0$1,000,069
84$1,983,213$0$0$1,034,031
85$2,050,602$0$0$1,069,312
86$2,120,616$0$0$1,105,982
87$2,193,388$0$0$1,144,111
88$2,269,061$0$0$1,183,777
89$2,347,790$0$0$1,225,063
90$2,429,738$0$0$1,268,056
91$2,515,083$0$0$1,312,853
92$2,604,015$0$0$1,359,557
93$2,696,738$0$0$1,408,277
94$2,793,473$0$0$1,459,132
95$2,894,457$0$0$1,512,253
96$2,999,948$0$0$1,567,776
97$3,110,221$0$0$1,625,853
98$3,225,578$0$0$1,686,646
99$3,346,341$0$0$1,750,331
100$3,472,862$0$0$1,817,099