Can I retire at age 51 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$52,107$51,643$51,190$50,748$50,317$49,200
2 years$25,796$25,315$24,850$24,398$23,960$22,841
3 years$17,026$16,544$16,079$15,632$15,201$14,115
4 years$12,642$12,161$11,702$11,262$10,842$9,796
5 years$10,013$9,535$9,081$8,650$8,242$7,240
6 years$8,260$7,786$7,339$6,918$6,521$5,564
7 years$7,009$6,539$6,099$5,687$5,304$4,391
8 years$6,071$5,605$5,172$4,771$4,400$3,532
9 years$5,342$4,880$4,455$4,064$3,705$2,881
10 years$4,759$4,301$3,884$3,503$3,157$2,376
11 years$4,282$3,829$3,419$3,049$2,715$1,976
12 years$3,885$3,437$3,034$2,674$2,353$1,655
13 years$3,549$3,106$2,711$2,361$2,052$1,394
14 years$3,262$2,823$2,436$2,096$1,799$1,179
15 years$3,013$2,579$2,199$1,869$1,584$1,001
16 years$2,796$2,366$1,994$1,674$1,400$852
17 years$2,604$2,179$1,814$1,504$1,241$727
18 years$2,434$2,014$1,656$1,355$1,103$622
19 years$2,281$1,866$1,516$1,224$984$533
20 years$2,145$1,734$1,392$1,109$879$458
21 years$2,021$1,615$1,280$1,006$786$394
22 years$1,909$1,508$1,180$915$705$339
23 years$1,806$1,410$1,089$833$633$292
24 years$1,713$1,321$1,007$760$569$252
25 years$1,627$1,240$933$694$512$217
26 years$1,548$1,165$865$635$461$187
27 years$1,474$1,097$804$581$415$162
28 years$1,406$1,034$747$532$375$140
29 years$1,343$975$695$488$339$121
30 years$1,284$921$648$448$306$105
31 years$1,230$870$604$411$277$90
32 years$1,178$824$563$378$250$78
33 years$1,130$780$526$348$226$68
34 years$1,085$739$491$320$205$59
35 years$1,042$701$459$295$186$51
36 years$1,002$666$430$271$168$44
37 years$964$632$402$250$152$38
38 years$929$601$377$230$138$33
39 years$895$571$353$212$125$29
40 years$863$543$331$196$114$25
41 years$832$517$310$181$103$21
42 years$803$493$291$167$94$19
43 years$776$469$273$154$85$16
44 years$750$447$256$142$77$14
45 years$725$427$241$131$70$12
46 years$701$407$226$121$64$10
47 years$678$388$212$112$58$9
48 years$657$371$200$104$52$8
49 years$636$354$188$96$48$7
50 years$616$338$176$88$43$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $631,000, adding $2,858 every year, while hoping to spend $54,301 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: 46/38/16 Blend
50$631,000$631,000$631,000$631,000
51$698,310$664,867$655,087$727,133
52$711,762$639,670$619,256$722,288
53$724,766$611,418$580,405$711,323
54$737,219$579,904$538,376$698,257
55$749,006$544,910$493,002$682,917
56$759,997$506,204$444,111$665,116
57$770,050$463,541$391,521$644,656
58$779,003$416,662$335,045$621,319
59$786,676$365,294$274,484$594,874
60$792,872$309,147$209,634$565,070
61$797,366$247,917$140,278$531,637
62$799,914$181,281$66,194$494,286
63$800,239$108,898$0$452,702
64$798,038$30,408$0$408,744
65$792,971$0$0$372,054
66$784,665$0$0$353,784
67$772,701$0$0$346,335
68$756,619$0$0$336,753
69$735,908$0$0$324,780
70$710,000$0$0$310,127
71$678,270$0$0$292,474
72$640,022$0$0$271,468
73$594,489$0$0$246,717
74$540,820$0$0$217,791
75$478,077$0$0$184,210
76$405,220$0$0$145,446
77$321,101$0$0$100,915
78$224,450$0$0$49,972
79$113,864$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0