Can I retire at age 51 with 625,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$51,612$51,152$50,704$50,266$49,838$47,937
2 years$25,550$25,075$24,613$24,166$23,733$21,839
3 years$16,864$16,387$15,927$15,484$15,057$13,231
4 years$12,522$12,046$11,590$11,155$10,739$8,995
5 years$9,918$9,444$8,995$8,568$8,163$6,505
6 years$8,182$7,712$7,269$6,852$6,459$4,889
7 years$6,942$6,476$6,041$5,633$5,253$3,769
8 years$6,013$5,551$5,123$4,726$4,358$2,959
9 years$5,291$4,834$4,412$4,025$3,670$2,355
10 years$4,714$4,261$3,847$3,470$3,127$1,893
11 years$4,241$3,793$3,387$3,020$2,689$1,533
12 years$3,848$3,404$3,006$2,649$2,331$1,250
13 years$3,516$3,076$2,685$2,338$2,032$1,023
14 years$3,231$2,796$2,413$2,076$1,782$841
15 years$2,984$2,555$2,178$1,851$1,569$694
16 years$2,769$2,344$1,975$1,658$1,386$574
17 years$2,579$2,159$1,797$1,489$1,229$475
18 years$2,410$1,995$1,641$1,342$1,093$394
19 years$2,260$1,849$1,502$1,213$974$328
20 years$2,124$1,718$1,378$1,098$870$273
21 years$2,002$1,600$1,268$997$779$227
22 years$1,891$1,494$1,168$906$698$189
23 years$1,789$1,397$1,079$825$627$158
24 years$1,697$1,309$998$753$563$132
25 years$1,611$1,228$924$688$507$110
26 years$1,533$1,154$857$629$456$92
27 years$1,460$1,086$796$575$412$77
28 years$1,393$1,024$740$527$371$64
29 years$1,330$966$689$483$335$54
30 years$1,272$912$641$444$303$45
31 years$1,218$862$598$408$274$38
32 years$1,167$816$558$375$248$31
33 years$1,119$773$521$344$224$26
34 years$1,074$732$487$317$203$22
35 years$1,032$695$455$292$184$18
36 years$993$659$426$269$167$15
37 years$955$626$398$248$151$13
38 years$920$595$373$228$137$11
39 years$886$566$350$210$124$9
40 years$854$538$328$194$113$8
41 years$824$512$307$179$102$6
42 years$796$488$288$165$93$5
43 years$768$465$270$153$84$4
44 years$743$443$254$141$76$4
45 years$718$423$238$130$69$3
46 years$694$403$224$120$63$3
47 years$672$385$210$111$57$2
48 years$650$367$198$103$52$2
49 years$630$351$186$95$47$2
50 years$610$335$175$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $625,000, adding $4,027 every year, while hoping to spend $41,292 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: 53/24/23 Blend
50$625,000$625,000$625,000$625,000
51$692,904$659,779$650,091$725,028
52$719,646$648,174$627,935$735,994
53$747,731$634,616$603,653$743,314
54$777,254$618,966$577,129$750,417
55$808,316$601,077$548,245$757,298
56$841,027$580,793$516,874$763,951
57$875,507$557,948$482,885$770,374
58$911,889$532,367$446,142$776,568
59$950,315$503,866$406,500$782,535
60$990,940$472,249$363,812$788,282
61$1,033,936$437,309$317,919$793,819
62$1,079,488$398,828$268,660$799,161
63$1,127,799$356,574$215,863$804,329
64$1,179,091$310,302$159,351$809,347
65$1,233,607$259,756$98,938$814,249
66$1,291,613$204,661$34,430$819,076
67$1,353,398$144,731$0$823,876
68$1,419,282$79,660$0$837,154
69$1,489,614$9,128$0$860,101
70$1,564,774$0$0$884,396
71$1,645,182$0$0$927,943
72$1,731,296$0$0$977,201
73$1,823,621$0$0$1,030,054
74$1,922,709$0$0$1,086,823
75$2,029,166$0$0$1,147,862
76$2,143,657$0$0$1,213,557
77$2,266,913$0$0$1,284,334
78$2,399,736$0$0$1,360,660
79$2,543,007$0$0$1,443,050
80$2,697,695$0$0$1,532,067
81$2,864,863$0$0$1,628,331
82$3,045,680$0$0$1,732,524
83$3,241,431$0$0$1,845,395
84$3,453,529$0$0$1,967,768
85$3,683,528$0$0$2,100,548
86$3,933,135$0$0$2,244,732
87$4,204,230$0$0$2,401,415
88$4,498,878$0$0$2,571,803
89$4,819,354$0$0$2,757,222
90$5,168,159$0$0$2,959,132
91$5,548,045$0$0$3,179,137
92$5,962,040$0$0$3,419,005
93$6,413,477$0$0$3,680,682
94$6,906,026$0$0$3,966,306
95$7,443,723$0$0$4,278,236
96$8,031,013$0$0$4,619,065
97$8,672,790$0$0$4,991,648
98$9,374,441$0$0$5,399,130
99$10,141,896$0$0$5,844,973
100$10,981,687$0$0$6,332,988