Can I retire at age 51 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$51,942$51,480$51,028$50,588$50,157$48,630
2 years$25,714$25,235$24,771$24,321$23,884$22,358
3 years$16,972$16,491$16,028$15,583$15,153$13,677
4 years$12,602$12,123$11,665$11,226$10,807$9,392
5 years$9,981$9,505$9,052$8,623$8,216$6,865
6 years$8,234$7,761$7,316$6,896$6,501$5,216
7 years$6,987$6,518$6,079$5,669$5,287$4,068
8 years$6,052$5,587$5,156$4,756$4,386$3,232
9 years$5,325$4,864$4,441$4,051$3,694$2,603
10 years$4,744$4,288$3,871$3,492$3,147$2,119
11 years$4,269$3,817$3,408$3,039$2,707$1,739
12 years$3,873$3,426$3,025$2,666$2,346$1,436
13 years$3,538$3,096$2,702$2,353$2,045$1,192
14 years$3,252$2,814$2,428$2,089$1,793$994
15 years$3,004$2,571$2,192$1,863$1,579$831
16 years$2,787$2,359$1,988$1,668$1,395$698
17 years$2,596$2,172$1,809$1,499$1,237$586
18 years$2,426$2,007$1,651$1,351$1,100$494
19 years$2,274$1,860$1,511$1,221$980$417
20 years$2,138$1,729$1,387$1,105$876$352
21 years$2,015$1,610$1,276$1,003$784$298
22 years$1,903$1,503$1,176$912$702$252
23 years$1,801$1,406$1,086$831$631$214
24 years$1,707$1,317$1,004$758$567$181
25 years$1,622$1,236$930$692$510$154
26 years$1,543$1,162$863$633$459$130
27 years$1,470$1,093$801$579$414$111
28 years$1,402$1,030$745$531$374$94
29 years$1,339$972$693$487$337$80
30 years$1,280$918$645$447$305$68
31 years$1,226$868$602$410$276$58
32 years$1,174$821$561$377$249$49
33 years$1,126$778$524$347$226$42
34 years$1,081$737$490$319$204$36
35 years$1,039$699$458$294$185$30
36 years$999$663$428$270$168$26
37 years$961$630$401$249$152$22
38 years$926$599$375$230$138$19
39 years$892$569$352$212$125$16
40 years$860$542$330$195$113$13
41 years$830$516$309$180$103$11
42 years$801$491$290$166$93$10
43 years$773$468$272$153$85$8
44 years$747$446$255$142$77$7
45 years$722$425$240$131$70$6
46 years$699$406$225$121$63$5
47 years$676$387$212$112$58$4
48 years$655$370$199$103$52$4
49 years$634$353$187$95$47$3
50 years$614$337$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $629,000, adding $6,242 every year, while hoping to spend $48,491 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: 75/14/11 Blend
50$629,000$629,000$629,000$629,000
51$699,597$666,260$656,510$750,138
52$719,361$647,312$626,909$765,378
53$739,517$625,811$594,691$775,357
54$760,052$601,580$559,718$784,941
55$780,953$574,433$521,844$794,073
56$802,201$544,172$480,917$802,693
57$823,777$510,588$436,779$810,736
58$845,656$473,460$389,265$818,130
59$867,809$432,556$338,201$824,798
60$890,203$387,628$283,408$830,654
61$912,797$338,416$224,696$835,608
62$935,548$284,644$161,869$839,559
63$958,403$226,020$94,721$842,399
64$981,304$162,239$23,037$844,009
65$1,004,182$92,974$0$844,261
66$1,026,962$17,883$0$849,289
67$1,049,556$0$0$855,959
68$1,071,867$0$0$871,195
69$1,093,785$0$0$888,847
70$1,115,184$0$0$906,056
71$1,135,926$0$0$922,706
72$1,155,854$0$0$938,668
73$1,174,793$0$0$953,797
74$1,192,546$0$0$967,929
75$1,208,894$0$0$980,883
76$1,223,593$0$0$992,457
77$1,236,371$0$0$1,002,424
78$1,246,923$0$0$1,010,532
79$1,254,911$0$0$1,016,503
80$1,259,959$0$0$1,020,024
81$1,261,649$0$0$1,020,749
82$1,259,517$0$0$1,018,293
83$1,253,046$0$0$1,012,230
84$1,241,665$0$0$1,002,086
85$1,224,737$0$0$987,335
86$1,201,561$0$0$967,395
87$1,171,356$0$0$941,621
88$1,133,257$0$0$909,298
89$1,086,309$0$0$869,634
90$1,029,453$0$0$821,753
91$961,515$0$0$764,687
92$881,200$0$0$697,361
93$787,074$0$0$618,591
94$677,551$0$0$527,065
95$550,877$0$0$421,332
96$405,116$0$0$299,790
97$238,125$0$0$160,668
98$47,540$0$0$2,011
99$0$0$0$0
100$0$0$0$0