Can I retire at age 51 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$52,025$51,561$51,109$50,668$50,237$48,904
2 years$25,755$25,275$24,810$24,360$23,922$22,588
3 years$16,999$16,518$16,054$15,607$15,177$13,884
4 years$12,622$12,142$11,683$11,244$10,825$9,583
5 years$9,997$9,520$9,067$8,637$8,229$7,041
6 years$8,247$7,773$7,327$6,907$6,511$5,379
7 years$6,998$6,528$6,089$5,678$5,295$4,219
8 years$6,061$5,596$5,164$4,764$4,393$3,372
9 years$5,333$4,872$4,448$4,057$3,699$2,732
10 years$4,751$4,295$3,878$3,498$3,152$2,238
11 years$4,275$3,823$3,414$3,044$2,711$1,849
12 years$3,879$3,432$3,030$2,670$2,349$1,537
13 years$3,544$3,101$2,707$2,357$2,049$1,285
14 years$3,257$2,819$2,432$2,092$1,796$1,078
15 years$3,008$2,575$2,196$1,866$1,581$908
16 years$2,791$2,363$1,991$1,671$1,397$767
17 years$2,600$2,176$1,812$1,501$1,239$650
18 years$2,430$2,011$1,654$1,353$1,102$552
19 years$2,278$1,863$1,514$1,222$982$469
20 years$2,141$1,732$1,389$1,107$877$399
21 years$2,018$1,613$1,278$1,005$785$340
22 years$1,906$1,506$1,178$914$704$290
23 years$1,804$1,408$1,088$832$632$248
24 years$1,710$1,319$1,006$759$568$212
25 years$1,624$1,238$932$693$511$181
26 years$1,545$1,164$864$634$460$155
27 years$1,472$1,095$802$580$415$133
28 years$1,404$1,032$746$531$374$114
29 years$1,341$973$694$487$338$97
30 years$1,282$919$646$447$305$83
31 years$1,228$869$603$411$276$72
32 years$1,176$822$562$378$250$61
33 years$1,128$779$525$347$226$53
34 years$1,083$738$491$319$205$45
35 years$1,041$700$459$294$185$39
36 years$1,001$664$429$271$168$33
37 years$963$631$402$250$152$28
38 years$927$600$376$230$138$24
39 years$893$570$352$212$125$21
40 years$861$543$330$196$114$18
41 years$831$517$310$180$103$15
42 years$802$492$290$167$93$13
43 years$775$469$273$154$85$11
44 years$749$447$256$142$77$10
45 years$724$426$240$131$70$8
46 years$700$406$226$121$63$7
47 years$677$388$212$112$58$6
48 years$656$370$199$103$52$5
49 years$635$354$187$96$48$5
50 years$615$338$176$88$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $630,000, adding $4,768 every year, while hoping to spend $20,939 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: 55/19/26 Blend
50$630,000$630,000$630,000$630,000
51$699,178$665,788$656,023$732,386
52$748,215$676,133$655,721$766,104
53$801,553$686,283$654,707$800,234
54$859,606$696,206$652,935$836,975
55$922,835$705,869$650,357$876,587
56$991,743$715,235$646,922$919,353
57$1,066,884$724,265$642,578$965,587
58$1,148,871$732,919$637,269$1,015,638
59$1,238,375$741,151$630,937$1,069,889
60$1,336,137$748,915$623,521$1,128,761
61$1,442,970$756,159$614,956$1,192,722
62$1,559,773$762,831$605,177$1,262,288
63$1,687,533$768,873$594,114$1,338,025
64$1,827,338$774,224$581,693$1,420,562
65$1,980,384$778,818$567,837$1,510,592
66$2,147,991$782,588$552,467$1,608,877
67$2,331,610$785,459$535,499$1,716,262
68$2,532,841$787,353$516,845$1,833,676
69$2,753,445$788,187$496,413$1,962,145
70$2,995,361$787,873$474,108$2,102,803
71$3,260,726$786,318$449,829$2,256,898
72$3,551,894$783,421$423,472$2,425,808
73$3,871,455$779,077$394,927$2,611,055
74$4,222,266$773,174$364,079$2,814,316
75$4,607,471$765,594$330,810$3,037,441
76$5,030,535$756,210$294,994$3,282,471
77$5,495,274$744,888$256,501$3,551,659
78$6,005,893$731,489$215,194$3,847,488
79$6,567,023$715,860$170,932$4,172,697
80$7,183,767$697,845$123,566$4,530,307
81$7,861,746$677,275$72,940$4,923,651
82$8,607,154$653,971$18,894$5,356,403
83$9,426,815$627,746$0$5,832,617
84$10,328,245$598,401$0$6,367,521
85$11,319,728$565,724$0$6,961,577
86$12,410,389$529,494$0$7,615,026
87$13,610,283$489,473$0$8,333,913
88$14,930,488$445,414$0$9,124,904
89$16,383,211$397,052$0$9,995,343
90$17,981,901$344,110$0$10,953,327
91$19,741,376$286,293$0$12,007,778
92$21,677,966$223,291$0$13,168,530
93$23,809,661$154,775$0$14,446,422
94$26,156,287$80,399$0$15,853,401
95$28,739,686$0$0$17,402,632
96$31,583,929$0$0$19,108,670
97$34,715,538$0$0$21,005,656
98$38,163,738$0$0$23,094,493
99$41,960,731$0$0$25,394,700
100$46,142,003$0$0$27,927,781