Can I retire at age 51 with 626,000?

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 $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%15.7%
1 years$51,694$51,234$50,785$50,346$49,918$48,751
2 years$25,591$25,115$24,653$24,205$23,771$22,601
3 years$16,891$16,413$15,952$15,508$15,081$13,946
4 years$12,542$12,065$11,609$11,173$10,756$9,664
5 years$9,934$9,459$9,009$8,582$8,176$7,131
6 years$8,195$7,724$7,281$6,863$6,470$5,472
7 years$6,954$6,487$6,050$5,642$5,262$4,311
8 years$6,023$5,560$5,131$4,733$4,365$3,461
9 years$5,299$4,841$4,419$4,032$3,676$2,819
10 years$4,721$4,267$3,853$3,475$3,132$2,320
11 years$4,248$3,799$3,392$3,025$2,694$1,926
12 years$3,854$3,410$3,010$2,653$2,334$1,610
13 years$3,521$3,081$2,690$2,342$2,036$1,353
14 years$3,236$2,801$2,417$2,079$1,784$1,142
15 years$2,989$2,559$2,182$1,854$1,571$967
16 years$2,773$2,348$1,978$1,660$1,389$822
17 years$2,583$2,162$1,800$1,492$1,231$700
18 years$2,414$1,998$1,643$1,344$1,095$598
19 years$2,263$1,852$1,504$1,215$976$511
20 years$2,128$1,721$1,381$1,100$872$438
21 years$2,005$1,603$1,270$998$780$376
22 years$1,894$1,496$1,170$908$699$322
23 years$1,792$1,399$1,081$827$628$277
24 years$1,699$1,311$999$754$564$238
25 years$1,614$1,230$926$689$508$205
26 years$1,535$1,156$858$630$457$177
27 years$1,463$1,088$797$576$412$152
28 years$1,395$1,025$741$528$372$131
29 years$1,333$967$690$484$336$113
30 years$1,274$914$642$444$303$98
31 years$1,220$864$599$408$274$84
32 years$1,169$817$559$375$248$73
33 years$1,121$774$522$345$225$63
34 years$1,076$733$487$317$203$54
35 years$1,034$696$456$292$184$47
36 years$994$660$426$269$167$40
37 years$957$627$399$248$151$35
38 years$921$596$374$229$137$30
39 years$888$567$350$211$124$26
40 years$856$539$328$194$113$22
41 years$826$513$308$179$102$19
42 years$797$489$289$165$93$17
43 years$770$466$271$153$84$15
44 years$744$444$254$141$76$13
45 years$719$423$239$130$69$11
46 years$695$404$224$120$63$9
47 years$673$385$211$111$57$8
48 years$651$368$198$103$52$7
49 years$631$351$186$95$47$6
50 years$611$336$175$88$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $626,000, adding $6,738 every year, while hoping to spend $23,748 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: 37/38/25 Blend
50$626,000$626,000$626,000$626,000
51$696,802$663,624$653,921$717,155
52$742,608$670,874$650,560$739,939
53$792,291$677,683$646,290$761,859
54$846,220$684,005$641,056$785,069
55$904,803$689,790$634,800$809,700
56$968,488$694,985$627,461$835,898
57$1,037,767$699,533$618,975$863,825
58$1,113,184$703,374$609,275$893,660
59$1,195,335$706,445$598,291$925,605
60$1,284,876$708,678$585,951$959,880
61$1,382,530$710,000$572,177$996,731
62$1,489,092$710,335$556,889$1,036,433
63$1,605,439$709,600$540,004$1,079,287
64$1,732,533$707,710$521,434$1,125,629
65$1,871,436$704,573$501,087$1,175,833
66$2,023,317$700,091$478,867$1,230,310
67$2,189,460$694,160$454,674$1,289,518
68$2,371,282$686,672$428,404$1,353,963
69$2,570,344$677,509$399,945$1,424,208
70$2,788,360$666,549$369,185$1,500,873
71$3,027,224$653,660$336,004$1,584,646
72$3,289,017$638,706$300,276$1,676,290
73$3,576,032$621,538$261,871$1,776,647
74$3,890,797$602,003$220,653$1,886,651
75$4,236,093$579,936$176,480$2,007,335
76$4,614,985$555,163$129,202$2,139,839
77$5,030,848$527,501$78,665$2,285,427
78$5,487,401$496,755$24,707$2,445,497
79$5,988,740$462,720$0$2,621,592
80$6,539,377$425,178$0$2,824,190
81$7,144,282$383,900$0$3,054,013
82$7,808,930$338,643$0$3,306,597
83$8,539,355$289,151$0$3,584,301
84$9,342,201$235,151$0$3,889,725
85$10,224,790$176,358$0$4,225,740
86$11,195,188$112,469$0$4,595,514
87$12,262,283$43,165$0$5,002,542
88$13,435,864$0$0$5,450,683
89$14,726,719$0$0$5,957,527
90$16,146,735$0$0$6,535,039
91$17,709,005$0$0$7,170,507
92$19,427,959$0$0$7,869,814
93$21,319,494$0$0$8,639,438
94$23,401,128$0$0$9,486,522
95$25,692,160$0$0$10,418,933
96$28,213,856$0$0$11,445,341
97$30,989,651$0$0$12,575,298
98$34,045,363$0$0$13,819,331
99$37,409,442$0$0$15,189,038
100$41,113,239$0$0$16,697,199