Can I retire at age 51 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$51,529$51,070$50,623$50,185$49,759$49,239
2 years$25,510$25,034$24,574$24,128$23,695$23,171
3 years$16,837$16,360$15,901$15,459$15,033$14,522
4 years$12,502$12,027$11,572$11,137$10,722$10,227
5 years$9,902$9,429$8,980$8,554$8,150$7,674
6 years$8,169$7,699$7,257$6,841$6,449$5,991
7 years$6,931$6,466$6,031$5,624$5,245$4,806
8 years$6,004$5,543$5,115$4,718$4,351$3,931
9 years$5,283$4,826$4,405$4,019$3,664$3,263
10 years$4,706$4,254$3,841$3,464$3,122$2,739
11 years$4,235$3,787$3,381$3,015$2,685$2,320
12 years$3,842$3,399$3,001$2,645$2,327$1,979
13 years$3,510$3,072$2,681$2,335$2,029$1,699
14 years$3,226$2,792$2,409$2,073$1,779$1,465
15 years$2,980$2,551$2,175$1,848$1,566$1,269
16 years$2,765$2,340$1,972$1,655$1,384$1,102
17 years$2,575$2,155$1,794$1,487$1,227$961
18 years$2,407$1,991$1,638$1,340$1,091$839
19 years$2,256$1,846$1,499$1,211$973$735
20 years$2,121$1,715$1,376$1,097$869$645
21 years$1,999$1,597$1,266$995$777$567
22 years$1,888$1,491$1,167$905$697$499
23 years$1,786$1,395$1,077$824$626$439
24 years$1,694$1,307$996$752$562$387
25 years$1,609$1,226$923$686$506$342
26 years$1,530$1,153$856$628$456$302
27 years$1,458$1,085$795$575$411$267
28 years$1,391$1,022$739$526$371$236
29 years$1,328$964$687$483$335$209
30 years$1,270$911$640$443$302$185
31 years$1,216$861$597$407$273$164
32 years$1,165$814$557$374$247$145
33 years$1,117$771$520$344$224$129
34 years$1,073$731$486$316$203$114
35 years$1,031$693$454$291$184$101
36 years$991$658$425$268$166$90
37 years$954$625$398$247$151$80
38 years$918$594$372$228$137$71
39 years$885$565$349$210$124$63
40 years$853$537$327$194$112$56
41 years$823$512$307$179$102$50
42 years$794$487$288$165$93$44
43 years$767$464$270$152$84$39
44 years$741$443$253$141$76$35
45 years$717$422$238$130$69$31
46 years$693$403$223$120$63$27
47 years$671$384$210$111$57$24
48 years$649$367$197$102$52$22
49 years$629$350$185$95$47$19
50 years$609$335$174$87$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $624,000, adding $6,987 every year, while hoping to spend $44,365 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: 45/45/10 Blend
50$624,000$624,000$624,000$624,000
51$694,855$661,783$652,111$723,855
52$718,526$647,006$626,753$729,877
53$743,125$630,019$599,058$731,300
54$768,699$610,665$568,902$731,839
55$795,300$588,781$536,153$731,428
56$822,981$564,192$500,676$729,999
57$851,804$536,716$462,326$727,478
58$881,829$506,157$420,956$723,790
59$913,126$472,309$376,408$718,856
60$945,768$434,955$328,521$712,593
61$979,834$393,865$277,124$704,914
62$1,015,409$348,797$222,040$695,728
63$1,052,585$299,492$163,082$684,941
64$1,091,461$245,680$100,058$672,453
65$1,132,146$187,073$32,766$658,162
66$1,174,755$123,370$0$641,962
67$1,219,415$54,250$0$627,907
68$1,266,262$0$0$615,718
69$1,315,445$0$0$612,014
70$1,367,126$0$0$636,372
71$1,421,480$0$0$662,016
72$1,478,697$0$0$689,039
73$1,538,986$0$0$717,543
74$1,602,572$0$0$747,638
75$1,669,703$0$0$779,444
76$1,740,646$0$0$813,095
77$1,815,695$0$0$848,734
78$1,895,170$0$0$886,519
79$1,979,422$0$0$926,620
80$2,068,832$0$0$969,227
81$2,163,819$0$0$1,014,545
82$2,264,839$0$0$1,062,798
83$2,372,393$0$0$1,114,234
84$2,487,028$0$0$1,169,121
85$2,609,345$0$0$1,227,755
86$2,740,000$0$0$1,290,461
87$2,879,714$0$0$1,357,594
88$3,029,276$0$0$1,429,542
89$3,189,552$0$0$1,506,734
90$3,361,492$0$0$1,589,638
91$3,546,137$0$0$1,678,768
92$3,744,633$0$0$1,774,689
93$3,958,234$0$0$1,878,022
94$4,188,319$0$0$1,989,448
95$4,436,402$0$0$2,109,715
96$4,704,148$0$0$2,239,646
97$4,993,384$0$0$2,380,144
98$5,306,118$0$0$2,532,202
99$5,644,558$0$0$2,696,913
100$6,011,132$0$0$2,875,477