Can I retire at age 51 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$51,777$51,316$50,866$50,427$49,998$49,414
2 years$25,632$25,155$24,692$24,244$23,809$23,221
3 years$16,918$16,439$15,977$15,533$15,105$14,532
4 years$12,562$12,084$11,628$11,191$10,773$10,219
5 years$9,949$9,474$9,023$8,596$8,190$7,656
6 years$8,208$7,736$7,292$6,874$6,480$5,967
7 years$6,965$6,497$6,060$5,651$5,270$4,779
8 years$6,033$5,569$5,139$4,741$4,372$3,902
9 years$5,308$4,849$4,426$4,038$3,682$3,233
10 years$4,729$4,274$3,859$3,481$3,137$2,709
11 years$4,255$3,805$3,397$3,029$2,698$2,290
12 years$3,860$3,415$3,015$2,657$2,338$1,950
13 years$3,527$3,086$2,694$2,346$2,039$1,670
14 years$3,241$2,805$2,420$2,082$1,787$1,438
15 years$2,994$2,563$2,185$1,857$1,574$1,243
16 years$2,778$2,351$1,981$1,663$1,391$1,078
17 years$2,587$2,165$1,803$1,494$1,233$937
18 years$2,418$2,001$1,646$1,346$1,096$817
19 years$2,267$1,854$1,507$1,217$977$714
20 years$2,131$1,723$1,383$1,102$873$625
21 years$2,008$1,605$1,272$1,000$781$548
22 years$1,897$1,498$1,172$909$700$481
23 years$1,795$1,401$1,082$828$629$423
24 years$1,702$1,313$1,001$755$565$372
25 years$1,617$1,232$927$690$508$328
26 years$1,538$1,158$860$631$458$289
27 years$1,465$1,090$798$577$413$255
28 years$1,397$1,027$742$529$373$225
29 years$1,335$969$691$485$336$198
30 years$1,276$915$643$445$304$175
31 years$1,222$865$600$409$275$155
32 years$1,171$818$560$376$249$137
33 years$1,123$775$523$346$225$121
34 years$1,078$735$488$318$204$107
35 years$1,036$697$456$293$184$95
36 years$996$661$427$270$167$84
37 years$958$628$400$248$151$74
38 years$923$597$374$229$137$66
39 years$889$568$351$211$125$58
40 years$857$540$329$195$113$52
41 years$827$514$308$180$102$46
42 years$798$490$289$166$93$40
43 years$771$466$271$153$84$36
44 years$745$445$255$141$77$32
45 years$720$424$239$130$70$28
46 years$697$404$225$121$63$25
47 years$674$386$211$111$57$22
48 years$652$368$198$103$52$20
49 years$632$352$186$95$47$17
50 years$612$336$175$88$43$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $627,000, adding $5,628 every year, while hoping to spend $22,778 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: 54/21/25 Blend
50$627,000$627,000$627,000$627,000
51$696,759$663,528$653,810$729,296
52$743,593$671,806$651,477$760,602
53$794,441$679,725$648,302$791,841
54$849,687$687,245$644,234$825,380
55$909,756$694,321$639,217$861,449
56$975,115$700,906$633,194$900,299
57$1,046,276$706,950$626,105$942,209
58$1,123,803$712,398$617,887$987,486
59$1,208,319$717,194$608,475$1,036,472
60$1,300,507$721,276$597,798$1,089,542
61$1,401,120$724,579$585,785$1,147,111
62$1,510,987$727,036$572,361$1,209,637
63$1,631,018$728,571$557,446$1,277,627
64$1,762,219$729,108$540,958$1,351,640
65$1,905,695$728,564$522,809$1,432,292
66$2,062,663$726,851$502,910$1,520,266
67$2,234,463$723,875$481,166$1,616,314
68$2,422,571$719,537$457,478$1,721,267
69$2,628,612$713,733$431,742$1,836,042
70$2,854,375$706,352$403,851$1,961,652
71$3,101,833$697,274$373,691$2,099,216
72$3,373,155$686,376$341,145$2,249,966
73$3,670,732$673,524$306,089$2,415,264
74$3,997,198$658,578$268,394$2,596,613
75$4,355,453$641,389$227,926$2,795,673
76$4,748,693$621,800$184,545$3,014,272
77$5,180,435$599,644$138,103$3,254,432
78$5,654,558$574,745$88,448$3,518,380
79$6,175,331$546,916$35,419$3,808,576
80$6,747,459$515,959$0$4,127,733
81$7,376,126$481,666$0$4,484,492
82$8,067,039$443,817$0$4,886,956
83$8,826,490$402,177$0$5,329,360
84$9,661,408$356,500$0$5,815,772
85$10,579,429$306,525$0$6,350,679
86$11,588,963$251,977$0$6,939,024
87$12,699,278$192,565$0$7,586,257
88$13,920,584$127,981$0$8,298,388
89$15,264,133$57,901$0$9,082,038
90$16,742,318$0$0$9,944,509
91$18,368,798$0$0$10,898,010
92$20,158,619$0$0$11,962,060
93$22,128,362$0$0$13,133,146
94$24,296,297$0$0$14,422,139
95$26,682,553$0$0$15,841,014
96$29,309,309$0$0$17,402,972
97$32,201,007$0$0$19,122,553
98$35,384,575$0$0$21,015,783
99$38,889,688$0$0$23,100,318
100$42,749,043$0$0$25,395,615