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%16.6%
1 years$52,025$51,561$51,109$50,668$50,237$48,884
2 years$25,755$25,275$24,810$24,360$23,922$22,569
3 years$16,999$16,518$16,054$15,607$15,177$13,866
4 years$12,622$12,142$11,683$11,244$10,825$9,565
5 years$9,997$9,520$9,067$8,637$8,229$7,024
6 years$8,247$7,773$7,327$6,907$6,511$5,363
7 years$6,998$6,528$6,089$5,678$5,295$4,204
8 years$6,061$5,596$5,164$4,764$4,393$3,358
9 years$5,333$4,872$4,448$4,057$3,699$2,720
10 years$4,751$4,295$3,878$3,498$3,152$2,226
11 years$4,275$3,823$3,414$3,044$2,711$1,838
12 years$3,879$3,432$3,030$2,670$2,349$1,527
13 years$3,544$3,101$2,707$2,357$2,049$1,275
14 years$3,257$2,819$2,432$2,092$1,796$1,070
15 years$3,008$2,575$2,196$1,866$1,581$901
16 years$2,791$2,363$1,991$1,671$1,397$760
17 years$2,600$2,176$1,812$1,501$1,239$643
18 years$2,430$2,011$1,654$1,353$1,102$546
19 years$2,278$1,863$1,514$1,222$982$464
20 years$2,141$1,732$1,389$1,107$877$394
21 years$2,018$1,613$1,278$1,005$785$336
22 years$1,906$1,506$1,178$914$704$286
23 years$1,804$1,408$1,088$832$632$244
24 years$1,710$1,319$1,006$759$568$209
25 years$1,624$1,238$932$693$511$178
26 years$1,545$1,164$864$634$460$152
27 years$1,472$1,095$802$580$415$130
28 years$1,404$1,032$746$531$374$112
29 years$1,341$973$694$487$338$96
30 years$1,282$919$646$447$305$82
31 years$1,228$869$603$411$276$70
32 years$1,176$822$562$378$250$60
33 years$1,128$779$525$347$226$51
34 years$1,083$738$491$319$205$44
35 years$1,041$700$459$294$185$38
36 years$1,001$664$429$271$168$32
37 years$963$631$402$250$152$28
38 years$927$600$376$230$138$24
39 years$893$570$352$212$125$20
40 years$861$543$330$196$114$17
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$9
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$4
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 $2,433 every year, while hoping to spend $42,359 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: 72/22/6 Blend
50$630,000$630,000$630,000$630,000
51$696,770$663,380$653,615$746,254
52$722,770$650,816$630,441$766,650
53$750,004$636,216$605,072$783,438
54$778,550$619,437$577,388$800,626
55$808,498$600,325$547,266$818,239
56$839,943$578,719$514,577$836,309
57$872,987$554,446$479,186$854,871
58$907,744$527,327$440,951$873,962
59$944,337$497,168$399,725$893,627
60$982,898$463,768$355,354$913,915
61$1,023,572$426,912$307,678$934,883
62$1,066,519$386,373$256,527$956,593
63$1,111,910$341,911$201,727$979,116
64$1,159,935$293,274$143,095$1,002,532
65$1,210,797$240,194$80,438$1,026,931
66$1,264,724$182,389$13,558$1,052,414
67$1,321,959$119,559$0$1,079,094
68$1,382,771$51,390$0$1,110,799
69$1,447,455$0$0$1,145,137
70$1,516,331$0$0$1,186,848
71$1,589,751$0$0$1,244,590
72$1,668,101$0$0$1,306,227
73$1,751,803$0$0$1,372,094
74$1,841,319$0$0$1,442,558
75$1,937,157$0$0$1,518,019
76$2,039,873$0$0$1,598,920
77$2,150,078$0$0$1,685,744
78$2,268,441$0$0$1,779,021
79$2,395,698$0$0$1,879,334
80$2,532,654$0$0$1,987,324
81$2,680,197$0$0$2,103,691
82$2,839,300$0$0$2,229,209
83$3,011,031$0$0$2,364,724
84$3,196,566$0$0$2,511,167
85$3,397,195$0$0$2,669,563
86$3,614,338$0$0$2,841,037
87$3,849,553$0$0$3,026,825
88$4,104,558$0$0$3,228,287
89$4,381,237$0$0$3,446,920
90$4,681,664$0$0$3,684,367
91$5,008,122$0$0$3,942,439
92$5,363,119$0$0$4,223,125
93$5,749,418$0$0$4,528,616
94$6,170,056$0$0$4,861,321
95$6,628,376$0$0$5,223,891
96$7,128,057$0$0$5,619,246
97$7,673,149$0$0$6,050,596
98$8,268,108$0$0$6,521,476
99$8,917,841$0$0$7,035,779
100$9,627,747$0$0$7,597,787