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%11.1%
1 years$51,777$51,316$50,866$50,427$49,998$49,766
2 years$25,632$25,155$24,692$24,244$23,809$23,575
3 years$16,918$16,439$15,977$15,533$15,105$14,876
4 years$12,562$12,084$11,628$11,191$10,773$10,551
5 years$9,949$9,474$9,023$8,596$8,190$7,975
6 years$8,208$7,736$7,292$6,874$6,480$6,273
7 years$6,965$6,497$6,060$5,651$5,270$5,071
8 years$6,033$5,569$5,139$4,741$4,372$4,181
9 years$5,308$4,849$4,426$4,038$3,682$3,499
10 years$4,729$4,274$3,859$3,481$3,137$2,962
11 years$4,255$3,805$3,397$3,029$2,698$2,530
12 years$3,860$3,415$3,015$2,657$2,338$2,178
13 years$3,527$3,086$2,694$2,346$2,039$1,886
14 years$3,241$2,805$2,420$2,082$1,787$1,642
15 years$2,994$2,563$2,185$1,857$1,574$1,435
16 years$2,778$2,351$1,981$1,663$1,391$1,259
17 years$2,587$2,165$1,803$1,494$1,233$1,108
18 years$2,418$2,001$1,646$1,346$1,096$978
19 years$2,267$1,854$1,507$1,217$977$865
20 years$2,131$1,723$1,383$1,102$873$766
21 years$2,008$1,605$1,272$1,000$781$680
22 years$1,897$1,498$1,172$909$700$605
23 years$1,795$1,401$1,082$828$629$539
24 years$1,702$1,313$1,001$755$565$480
25 years$1,617$1,232$927$690$508$428
26 years$1,538$1,158$860$631$458$383
27 years$1,465$1,090$798$577$413$342
28 years$1,397$1,027$742$529$373$306
29 years$1,335$969$691$485$336$274
30 years$1,276$915$643$445$304$245
31 years$1,222$865$600$409$275$220
32 years$1,171$818$560$376$249$197
33 years$1,123$775$523$346$225$177
34 years$1,078$735$488$318$204$159
35 years$1,036$697$456$293$184$142
36 years$996$661$427$270$167$128
37 years$958$628$400$248$151$115
38 years$923$597$374$229$137$103
39 years$889$568$351$211$125$93
40 years$857$540$329$195$113$83
41 years$827$514$308$180$102$75
42 years$798$490$289$166$93$67
43 years$771$466$271$153$84$60
44 years$745$445$255$141$77$54
45 years$720$424$239$130$70$49
46 years$697$404$225$121$63$44
47 years$674$386$211$111$57$40
48 years$652$368$198$103$52$36
49 years$632$352$186$95$47$32
50 years$612$336$175$88$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $627,000, adding $3,103 every year, while hoping to spend $32,069 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: 59/19/22 Blend
50$627,000$627,000$627,000$627,000
51$694,155$660,924$651,205$730,873
52$730,837$659,188$638,899$754,448
53$770,187$656,292$625,107$776,401
54$812,441$652,146$609,743$799,640
55$857,862$646,653$592,721$824,294
56$906,736$639,711$573,949$850,510
57$959,378$631,212$553,332$878,449
58$1,016,135$621,041$530,769$908,290
59$1,077,387$609,078$506,155$940,234
60$1,143,550$595,193$479,382$974,500
61$1,215,085$579,250$450,334$1,011,334
62$1,292,496$561,105$418,892$1,051,008
63$1,376,336$540,606$384,931$1,093,825
64$1,467,217$517,590$348,320$1,140,118
65$1,565,808$491,887$308,924$1,190,260
66$1,672,847$463,315$266,599$1,244,660
67$1,789,144$431,685$221,197$1,303,775
68$1,915,593$396,793$172,563$1,368,108
69$2,053,173$358,426$120,534$1,438,219
70$2,202,966$316,359$64,942$1,514,727
71$2,366,160$270,351$5,608$1,598,316
72$2,544,062$220,152$0$1,689,745
73$2,738,111$165,494$0$1,803,399
74$2,949,891$106,096$0$1,928,946
75$3,181,147$41,662$0$2,066,141
76$3,433,797$0$0$2,216,170
77$3,709,955$0$0$2,386,221
78$4,011,948$0$0$2,581,754
79$4,342,336$0$0$2,795,724
80$4,703,941$0$0$3,029,963
81$5,099,868$0$0$3,286,491
82$5,533,538$0$0$3,567,530
83$6,008,717$0$0$3,875,529
84$6,529,552$0$0$4,213,182
85$7,100,614$0$0$4,583,461
86$7,726,932$0$0$4,989,634
87$8,414,050$0$0$5,435,305
88$9,168,072$0$0$5,924,442
89$9,995,721$0$0$6,461,414
90$10,904,404$0$0$7,051,037
91$11,902,280$0$0$7,698,614
92$12,998,337$0$0$8,409,988
93$14,202,475$0$0$9,191,595
94$15,525,602$0$0$10,050,525
95$16,979,734$0$0$10,994,589
96$18,578,109$0$0$12,032,393
97$20,335,311$0$0$13,173,419
98$22,267,408$0$0$14,428,112
99$24,392,102$0$0$15,807,980
100$26,728,898$0$0$17,325,703