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%11.8%
1 years$51,694$51,234$50,785$50,346$49,918$49,541
2 years$25,591$25,115$24,653$24,205$23,771$23,391
3 years$16,891$16,413$15,952$15,508$15,081$14,710
4 years$12,542$12,065$11,609$11,173$10,756$10,396
5 years$9,934$9,459$9,009$8,582$8,176$7,829
6 years$8,195$7,724$7,281$6,863$6,470$6,136
7 years$6,954$6,487$6,050$5,642$5,262$4,941
8 years$6,023$5,560$5,131$4,733$4,365$4,057
9 years$5,299$4,841$4,419$4,032$3,676$3,381
10 years$4,721$4,267$3,853$3,475$3,132$2,850
11 years$4,248$3,799$3,392$3,025$2,694$2,425
12 years$3,854$3,410$3,010$2,653$2,334$2,078
13 years$3,521$3,081$2,690$2,342$2,036$1,791
14 years$3,236$2,801$2,417$2,079$1,784$1,552
15 years$2,989$2,559$2,182$1,854$1,571$1,350
16 years$2,773$2,348$1,978$1,660$1,389$1,179
17 years$2,583$2,162$1,800$1,492$1,231$1,033
18 years$2,414$1,998$1,643$1,344$1,095$907
19 years$2,263$1,852$1,504$1,215$976$798
20 years$2,128$1,721$1,381$1,100$872$704
21 years$2,005$1,603$1,270$998$780$622
22 years$1,894$1,496$1,170$908$699$550
23 years$1,792$1,399$1,081$827$628$487
24 years$1,699$1,311$999$754$564$432
25 years$1,614$1,230$926$689$508$383
26 years$1,535$1,156$858$630$457$340
27 years$1,463$1,088$797$576$412$303
28 years$1,395$1,025$741$528$372$269
29 years$1,333$967$690$484$336$240
30 years$1,274$914$642$444$303$213
31 years$1,220$864$599$408$274$190
32 years$1,169$817$559$375$248$169
33 years$1,121$774$522$345$225$151
34 years$1,076$733$487$317$203$135
35 years$1,034$696$456$292$184$120
36 years$994$660$426$269$167$107
37 years$957$627$399$248$151$96
38 years$921$596$374$229$137$86
39 years$888$567$350$211$124$76
40 years$856$539$328$194$113$68
41 years$826$513$308$179$102$61
42 years$797$489$289$165$93$54
43 years$770$466$271$153$84$49
44 years$744$444$254$141$76$44
45 years$719$423$239$130$69$39
46 years$695$404$224$120$63$35
47 years$673$385$211$111$57$31
48 years$651$368$198$103$52$28
49 years$631$351$186$95$47$25
50 years$611$336$175$88$43$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $626,000, adding $2,612 every year, while hoping to spend $48,490 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: 40/41/19 Blend
50$626,000$626,000$626,000$626,000
51$692,546$659,368$649,665$716,252
52$711,593$640,084$619,836$714,148
53$730,957$618,230$587,382$707,021
54$750,620$593,629$552,165$698,305
55$770,560$566,093$514,039$687,881
56$790,750$535,424$472,852$675,623
57$811,159$501,413$428,445$661,395
58$831,752$463,837$380,653$645,055
59$852,489$422,463$329,303$626,449
60$873,321$377,042$274,212$605,414
61$894,195$327,312$215,194$581,778
62$915,049$272,997$152,050$555,356
63$935,815$213,805$84,574$525,951
64$956,413$149,426$12,553$493,353
65$976,754$79,535$0$457,339
66$996,738$3,787$0$430,708
67$1,016,251$0$0$403,732
68$1,035,167$0$0$408,914
69$1,053,343$0$0$415,433
70$1,070,619$0$0$421,509
71$1,086,817$0$0$427,061
72$1,101,738$0$0$431,999
73$1,115,159$0$0$436,225
74$1,126,831$0$0$439,628
75$1,136,479$0$0$442,082
76$1,143,794$0$0$443,452
77$1,148,435$0$0$443,585
78$1,150,019$0$0$442,310
79$1,148,126$0$0$439,440
80$1,142,285$0$0$434,765
81$1,131,975$0$0$428,055
82$1,116,618$0$0$419,052
83$1,095,574$0$0$407,471
84$1,068,133$0$0$392,998
85$1,033,509$0$0$375,284
86$990,831$0$0$353,943
87$939,134$0$0$328,546
88$877,352$0$0$298,622
89$804,305$0$0$263,647
90$718,687$0$0$223,044
91$619,055$0$0$176,173
92$503,813$0$0$122,328
93$371,197$0$0$60,728
94$219,258$0$0$0
95$45,843$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0