Can I retire at age 51 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$51,694$51,234$50,785$50,346$49,918$48,301
2 years$25,591$25,115$24,653$24,205$23,771$22,156
3 years$16,891$16,413$15,952$15,508$15,081$13,521
4 years$12,542$12,065$11,609$11,173$10,756$9,261
5 years$9,934$9,459$9,009$8,582$8,176$6,751
6 years$8,195$7,724$7,281$6,863$6,470$5,116
7 years$6,954$6,487$6,050$5,642$5,262$3,978
8 years$6,023$5,560$5,131$4,733$4,365$3,151
9 years$5,299$4,841$4,419$4,032$3,676$2,531
10 years$4,721$4,267$3,853$3,475$3,132$2,053
11 years$4,248$3,799$3,392$3,025$2,694$1,680
12 years$3,854$3,410$3,010$2,653$2,334$1,383
13 years$3,521$3,081$2,690$2,342$2,036$1,144
14 years$3,236$2,801$2,417$2,079$1,784$950
15 years$2,989$2,559$2,182$1,854$1,571$792
16 years$2,773$2,348$1,978$1,660$1,389$662
17 years$2,583$2,162$1,800$1,492$1,231$555
18 years$2,414$1,998$1,643$1,344$1,095$466
19 years$2,263$1,852$1,504$1,215$976$391
20 years$2,128$1,721$1,381$1,100$872$329
21 years$2,005$1,603$1,270$998$780$278
22 years$1,894$1,496$1,170$908$699$234
23 years$1,792$1,399$1,081$827$628$198
24 years$1,699$1,311$999$754$564$167
25 years$1,614$1,230$926$689$508$141
26 years$1,535$1,156$858$630$457$119
27 years$1,463$1,088$797$576$412$101
28 years$1,395$1,025$741$528$372$85
29 years$1,333$967$690$484$336$72
30 years$1,274$914$642$444$303$61
31 years$1,220$864$599$408$274$52
32 years$1,169$817$559$375$248$44
33 years$1,121$774$522$345$225$37
34 years$1,076$733$487$317$203$31
35 years$1,034$696$456$292$184$27
36 years$994$660$426$269$167$23
37 years$957$627$399$248$151$19
38 years$921$596$374$229$137$16
39 years$888$567$350$211$124$14
40 years$856$539$328$194$113$12
41 years$826$513$308$179$102$10
42 years$797$489$289$165$93$8
43 years$770$466$271$153$84$7
44 years$744$444$254$141$76$6
45 years$719$423$239$130$69$5
46 years$695$404$224$120$63$4
47 years$673$385$211$111$57$4
48 years$651$368$198$103$52$3
49 years$631$351$186$95$47$3
50 years$611$336$175$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $626,000, adding $2,447 every year, while hoping to spend $34,662 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: 67/17/16 Blend
50$626,000$626,000$626,000$626,000
51$692,376$659,198$649,495$735,957
52$726,118$654,619$634,373$760,786
53$762,141$648,653$617,583$783,637
54$800,639$641,197$599,032$807,763
55$841,828$632,139$578,623$833,286
56$885,943$621,363$556,256$860,342
57$933,243$608,744$531,824$889,083
58$984,011$594,149$505,217$919,676
59$1,038,557$577,440$476,319$952,306
60$1,097,225$558,469$445,010$987,181
61$1,160,387$537,079$411,164$1,024,527
62$1,228,456$513,106$374,647$1,064,597
63$1,301,884$486,374$335,324$1,107,673
64$1,381,168$456,697$293,049$1,154,062
65$1,466,853$423,882$247,672$1,204,109
66$1,559,539$387,719$199,036$1,258,195
67$1,659,886$347,991$146,978$1,316,739
68$1,768,619$304,467$91,326$1,380,208
69$1,886,534$256,902$31,901$1,449,117
70$2,014,508$205,038$0$1,524,037
71$2,153,505$148,602$0$1,610,979
72$2,304,586$87,307$0$1,711,423
73$2,468,917$20,848$0$1,820,723
74$2,647,781$0$0$1,939,771
75$2,842,592$0$0$2,079,106
76$3,054,902$0$0$2,235,242
77$3,286,422$0$0$2,405,543
78$3,539,034$0$0$2,591,397
79$3,814,812$0$0$2,794,334
80$4,116,034$0$0$3,016,036
81$4,445,213$0$0$3,258,357
82$4,805,112$0$0$3,523,338
83$5,198,776$0$0$3,813,225
84$5,629,555$0$0$4,130,491
85$6,101,139$0$0$4,477,860
86$6,617,591$0$0$4,858,332
87$7,183,388$0$0$5,275,210
88$7,803,455$0$0$5,732,130
89$8,483,222$0$0$6,233,101
90$9,228,664$0$0$6,782,533
91$10,046,367$0$0$7,385,288
92$10,943,582$0$0$8,046,718
93$11,928,295$0$0$8,772,721
94$13,009,306$0$0$9,569,791
95$14,196,307$0$0$10,445,082
96$15,499,973$0$0$11,406,478
97$16,932,066$0$0$12,462,659
98$18,505,542$0$0$13,623,192
99$20,234,674$0$0$14,898,613
100$22,135,187$0$0$16,300,532