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%12.6%
1 years$52,107$51,643$51,190$50,748$50,317$49,771
2 years$25,796$25,315$24,850$24,398$23,960$23,410
3 years$17,026$16,544$16,079$15,632$15,201$14,665
4 years$12,642$12,161$11,702$11,262$10,842$10,323
5 years$10,013$9,535$9,081$8,650$8,242$7,742
6 years$8,260$7,786$7,339$6,918$6,521$6,041
7 years$7,009$6,539$6,099$5,687$5,304$4,843
8 years$6,071$5,605$5,172$4,771$4,400$3,959
9 years$5,342$4,880$4,455$4,064$3,705$3,284
10 years$4,759$4,301$3,884$3,503$3,157$2,755
11 years$4,282$3,829$3,419$3,049$2,715$2,332
12 years$3,885$3,437$3,034$2,674$2,353$1,988
13 years$3,549$3,106$2,711$2,361$2,052$1,705
14 years$3,262$2,823$2,436$2,096$1,799$1,470
15 years$3,013$2,579$2,199$1,869$1,584$1,272
16 years$2,796$2,366$1,994$1,674$1,400$1,105
17 years$2,604$2,179$1,814$1,504$1,241$962
18 years$2,434$2,014$1,656$1,355$1,103$840
19 years$2,281$1,866$1,516$1,224$984$735
20 years$2,145$1,734$1,392$1,109$879$644
21 years$2,021$1,615$1,280$1,006$786$566
22 years$1,909$1,508$1,180$915$705$497
23 years$1,806$1,410$1,089$833$633$438
24 years$1,713$1,321$1,007$760$569$386
25 years$1,627$1,240$933$694$512$340
26 years$1,548$1,165$865$635$461$300
27 years$1,474$1,097$804$581$415$265
28 years$1,406$1,034$747$532$375$235
29 years$1,343$975$695$488$339$207
30 years$1,284$921$648$448$306$184
31 years$1,230$870$604$411$277$162
32 years$1,178$824$563$378$250$144
33 years$1,130$780$526$348$226$127
34 years$1,085$739$491$320$205$113
35 years$1,042$701$459$295$186$100
36 years$1,002$666$430$271$168$89
37 years$964$632$402$250$152$79
38 years$929$601$377$230$138$70
39 years$895$571$353$212$125$62
40 years$863$543$331$196$114$55
41 years$832$517$310$181$103$49
42 years$803$493$291$167$94$43
43 years$776$469$273$154$85$38
44 years$750$447$256$142$77$34
45 years$725$427$241$131$70$30
46 years$701$407$226$121$64$27
47 years$678$388$212$112$58$24
48 years$657$371$200$104$52$21
49 years$636$354$188$96$48$19
50 years$616$338$176$88$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $631,000, adding $5,594 every year, while hoping to spend $20,323 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: 57/25/18 Blend
50$631,000$631,000$631,000$631,000
51$701,132$667,689$657,909$737,460
52$751,024$678,782$658,325$773,880
53$805,324$689,738$658,074$810,866
54$864,460$700,528$657,113$850,716
55$928,903$711,122$655,394$893,709
56$999,171$721,487$652,870$940,154
57$1,075,836$731,590$649,491$990,389
58$1,159,525$741,391$645,202$1,044,792
59$1,250,930$750,853$639,950$1,103,774
60$1,350,813$759,932$633,676$1,167,792
61$1,460,010$768,583$626,318$1,237,350
62$1,579,444$776,758$617,814$1,313,002
63$1,710,133$784,404$608,095$1,395,361
64$1,853,193$791,466$597,094$1,485,102
65$2,009,858$797,887$584,735$1,582,969
66$2,181,482$803,603$570,943$1,689,785
67$2,369,561$808,547$555,637$1,806,454
68$2,575,740$812,649$538,734$1,933,977
69$2,801,830$815,833$520,146$2,073,456
70$3,049,827$818,019$499,781$2,226,106
71$3,321,929$819,122$477,544$2,393,268
72$3,620,558$819,051$453,334$2,576,420
73$3,948,381$817,711$427,046$2,777,193
74$4,308,335$814,998$398,572$2,997,386
75$4,703,656$810,804$367,795$3,238,981
76$5,137,911$805,015$334,598$3,504,166
77$5,615,025$797,508$298,855$3,795,353
78$6,139,326$788,155$260,435$4,115,200
79$6,715,581$776,818$219,203$4,466,641
80$7,349,040$763,351$175,015$4,852,911
81$8,045,488$747,602$127,725$5,277,574
82$8,811,299$729,406$77,175$5,744,563
83$9,653,497$708,592$23,205$6,258,214
84$10,579,817$684,976$0$6,823,308
85$11,598,784$658,365$0$7,451,721
86$12,719,790$628,556$0$8,147,844
87$13,953,184$595,330$0$8,913,660
88$15,310,367$558,459$0$9,756,271
89$16,803,902$517,702$0$10,683,503
90$18,447,632$472,801$0$11,703,986
91$20,256,809$423,487$0$12,827,227
92$22,248,239$369,473$0$14,063,708
93$24,440,440$310,458$0$15,424,982
94$26,853,816$246,122$0$16,923,782
95$29,510,850$176,127$0$18,574,141
96$32,436,318$100,118$0$20,391,527
97$35,657,517$17,718$0$22,392,989
98$39,204,528$0$0$24,597,318
99$43,110,497$0$0$27,044,885
100$47,411,949$0$0$29,745,711