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%15.7%
1 years$51,529$51,070$50,623$50,185$49,759$48,595
2 years$25,510$25,034$24,574$24,128$23,695$22,529
3 years$16,837$16,360$15,901$15,459$15,033$13,902
4 years$12,502$12,027$11,572$11,137$10,722$9,633
5 years$9,902$9,429$8,980$8,554$8,150$7,108
6 years$8,169$7,699$7,257$6,841$6,449$5,454
7 years$6,931$6,466$6,031$5,624$5,245$4,297
8 years$6,004$5,543$5,115$4,718$4,351$3,450
9 years$5,283$4,826$4,405$4,019$3,664$2,810
10 years$4,706$4,254$3,841$3,464$3,122$2,313
11 years$4,235$3,787$3,381$3,015$2,685$1,920
12 years$3,842$3,399$3,001$2,645$2,327$1,605
13 years$3,510$3,072$2,681$2,335$2,029$1,348
14 years$3,226$2,792$2,409$2,073$1,779$1,138
15 years$2,980$2,551$2,175$1,848$1,566$964
16 years$2,765$2,340$1,972$1,655$1,384$819
17 years$2,575$2,155$1,794$1,487$1,227$698
18 years$2,407$1,991$1,638$1,340$1,091$596
19 years$2,256$1,846$1,499$1,211$973$510
20 years$2,121$1,715$1,376$1,097$869$437
21 years$1,999$1,597$1,266$995$777$374
22 years$1,888$1,491$1,167$905$697$321
23 years$1,786$1,395$1,077$824$626$276
24 years$1,694$1,307$996$752$562$238
25 years$1,609$1,226$923$686$506$204
26 years$1,530$1,153$856$628$456$176
27 years$1,458$1,085$795$575$411$152
28 years$1,391$1,022$739$526$371$131
29 years$1,328$964$687$483$335$113
30 years$1,270$911$640$443$302$97
31 years$1,216$861$597$407$273$84
32 years$1,165$814$557$374$247$72
33 years$1,117$771$520$344$224$63
34 years$1,073$731$486$316$203$54
35 years$1,031$693$454$291$184$47
36 years$991$658$425$268$166$40
37 years$954$625$398$247$151$35
38 years$918$594$372$228$137$30
39 years$885$565$349$210$124$26
40 years$853$537$327$194$112$22
41 years$823$512$307$179$102$19
42 years$794$487$288$165$93$17
43 years$767$464$270$152$84$14
44 years$741$443$253$141$76$12
45 years$717$422$238$130$69$11
46 years$693$403$223$120$63$9
47 years$671$384$210$111$57$8
48 years$649$367$197$102$52$7
49 years$629$350$185$95$47$6
50 years$609$335$174$87$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $624,000, adding $6,069 every year, while hoping to spend $32,231 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: 60/17/23 Blend
50$624,000$624,000$624,000$624,000
51$693,908$660,836$651,164$730,960
52$730,393$658,924$638,685$754,909
53$769,520$655,837$624,707$776,990
54$811,523$651,485$609,146$800,373
55$856,660$645,770$591,915$825,192
56$905,217$638,590$572,922$851,594
57$957,503$629,835$552,068$879,742
58$1,013,861$619,390$529,255$909,818
59$1,074,666$607,131$504,377$942,023
60$1,140,331$592,930$477,323$976,581
61$1,211,310$576,648$447,978$1,013,740
62$1,288,100$558,141$416,222$1,053,775
63$1,371,250$537,253$381,929$1,096,991
64$1,461,362$513,823$344,968$1,143,726
65$1,559,098$487,677$305,201$1,194,355
66$1,665,186$458,634$262,486$1,249,292
67$1,780,428$426,500$216,672$1,308,998
68$1,905,704$391,071$167,603$1,373,982
69$2,041,984$352,131$115,116$1,444,807
70$2,190,335$309,454$59,040$1,522,097
71$2,351,929$262,797$0$1,606,544
72$2,528,059$211,907$0$1,699,109
73$2,720,145$156,515$0$1,815,916
74$2,929,752$96,336$0$1,943,444
75$3,158,602$31,072$0$2,082,778
76$3,408,590$0$0$2,235,114
77$3,681,802$0$0$2,409,180
78$3,980,537$0$0$2,605,908
79$4,307,323$0$0$2,821,160
80$4,664,946$0$0$3,056,774
81$5,056,472$0$0$3,314,779
82$5,485,278$0$0$3,597,406
83$5,955,084$0$0$3,907,113
84$6,469,984$0$0$4,246,608
85$7,034,490$0$0$4,618,872
86$7,653,569$0$0$5,027,189
87$8,332,694$0$0$5,475,175
88$9,077,890$0$0$5,966,816
89$9,895,798$0$0$6,506,498
90$10,793,729$0$0$7,099,057
91$11,779,738$0$0$7,749,817
92$12,862,699$0$0$8,464,645
93$14,052,388$0$0$9,250,001
94$15,359,572$0$0$10,113,006
95$16,796,115$0$0$11,061,502
96$18,375,086$0$0$12,104,129
97$20,110,883$0$0$13,250,405
98$22,019,371$0$0$14,510,820
99$24,118,025$0$0$15,896,926
100$26,426,102$0$0$17,421,454