Can I retire at age 51 with 625,000?

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 $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%16.2%
1 years$51,612$51,152$50,704$50,266$49,838$48,574
2 years$25,550$25,075$24,613$24,166$23,733$22,467
3 years$16,864$16,387$15,927$15,484$15,057$13,830
4 years$12,522$12,046$11,590$11,155$10,739$9,560
5 years$9,918$9,444$8,995$8,568$8,163$7,035
6 years$8,182$7,712$7,269$6,852$6,459$5,383
7 years$6,942$6,476$6,041$5,633$5,253$4,230
8 years$6,013$5,551$5,123$4,726$4,358$3,386
9 years$5,291$4,834$4,412$4,025$3,670$2,749
10 years$4,714$4,261$3,847$3,470$3,127$2,256
11 years$4,241$3,793$3,387$3,020$2,689$1,867
12 years$3,848$3,404$3,006$2,649$2,331$1,555
13 years$3,516$3,076$2,685$2,338$2,032$1,302
14 years$3,231$2,796$2,413$2,076$1,782$1,096
15 years$2,984$2,555$2,178$1,851$1,569$925
16 years$2,769$2,344$1,975$1,658$1,386$783
17 years$2,579$2,159$1,797$1,489$1,229$665
18 years$2,410$1,995$1,641$1,342$1,093$565
19 years$2,260$1,849$1,502$1,213$974$482
20 years$2,124$1,718$1,378$1,098$870$411
21 years$2,002$1,600$1,268$997$779$351
22 years$1,891$1,494$1,168$906$698$300
23 years$1,789$1,397$1,079$825$627$257
24 years$1,697$1,309$998$753$563$220
25 years$1,611$1,228$924$688$507$189
26 years$1,533$1,154$857$629$456$162
27 years$1,460$1,086$796$575$412$139
28 years$1,393$1,024$740$527$371$119
29 years$1,330$966$689$483$335$102
30 years$1,272$912$641$444$303$88
31 years$1,218$862$598$408$274$76
32 years$1,167$816$558$375$248$65
33 years$1,119$773$521$344$224$56
34 years$1,074$732$487$317$203$48
35 years$1,032$695$455$292$184$41
36 years$993$659$426$269$167$36
37 years$955$626$398$248$151$31
38 years$920$595$373$228$137$26
39 years$886$566$350$210$124$23
40 years$854$538$328$194$113$19
41 years$824$512$307$179$102$17
42 years$796$488$288$165$93$14
43 years$768$465$270$153$84$12
44 years$743$443$254$141$76$11
45 years$718$423$238$130$69$9
46 years$694$403$224$120$63$8
47 years$672$385$210$111$57$7
48 years$650$367$198$103$52$6
49 years$630$351$186$95$47$5
50 years$610$335$175$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $625,000, adding $3,251 every year, while hoping to spend $21,655 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: 66/13/21 Blend
50$625,000$625,000$625,000$625,000
51$692,103$658,978$649,291$733,894
52$739,657$668,228$648,001$771,593
53$791,336$677,204$645,943$810,015
54$847,537$685,872$643,067$851,510
55$908,698$694,192$639,322$896,378
56$975,301$702,124$634,655$944,953
57$1,047,876$709,622$629,011$997,602
58$1,127,007$716,641$622,330$1,054,730
59$1,213,334$723,129$614,550$1,116,785
60$1,307,565$729,033$605,609$1,184,258
61$1,410,477$734,296$595,437$1,257,694
62$1,522,927$738,858$583,966$1,337,691
63$1,645,857$742,654$571,120$1,424,910
64$1,780,306$745,614$556,823$1,520,080
65$1,927,414$747,667$540,994$1,624,005
66$2,088,442$748,734$523,549$1,737,570
67$2,264,774$748,733$504,399$1,861,754
68$2,457,937$747,576$483,452$1,997,634
69$2,669,609$745,171$460,611$2,146,399
70$2,901,643$741,418$435,775$2,309,359
71$3,156,076$736,213$408,838$2,487,960
72$3,435,153$729,444$379,691$2,683,794
73$3,741,346$720,994$348,218$2,898,620
74$4,077,378$710,738$314,299$3,134,376
75$4,446,250$698,543$277,807$3,393,196
76$4,851,266$684,270$238,612$3,677,439
77$5,296,065$667,770$196,576$3,989,700
78$5,784,658$648,885$151,555$4,332,845
79$6,321,462$627,449$103,401$4,710,030
80$6,911,343$603,286$51,957$5,124,737
81$7,559,663$576,210$0$5,580,806
82$8,272,327$546,022$0$6,083,126
83$9,055,842$512,515$0$6,648,172
84$9,917,378$475,469$0$7,269,474
85$10,864,832$434,648$0$7,952,743
86$11,906,907$389,808$0$8,704,274
87$13,053,190$340,687$0$9,531,007
88$14,314,245$287,011$0$10,440,584
89$15,701,711$228,488$0$11,441,433
90$17,228,413$164,810$0$12,542,838
91$18,908,479$95,654$0$13,755,032
92$20,757,479$20,676$0$15,089,290
93$22,792,568$0$0$16,558,041
94$25,032,647$0$0$18,183,632
95$27,498,544$0$0$19,976,400
96$30,213,209$0$0$21,950,079
97$33,201,929$0$0$24,123,060
98$36,492,567$0$0$26,515,608
99$40,115,828$0$0$29,150,054
100$44,105,544$0$0$32,051,004