Can I retire at age 51 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$52,190$51,725$51,272$50,829$50,397$48,686
2 years$25,837$25,355$24,889$24,437$23,998$22,292
3 years$17,053$16,570$16,105$15,657$15,226$13,577
4 years$12,663$12,181$11,720$11,280$10,859$9,281
5 years$10,029$9,550$9,095$8,664$8,255$6,752
6 years$8,273$7,798$7,350$6,929$6,532$5,105
7 years$7,020$6,549$6,108$5,697$5,312$3,961
8 years$6,081$5,614$5,180$4,779$4,407$3,130
9 years$5,350$4,888$4,462$4,070$3,711$2,507
10 years$4,766$4,308$3,890$3,509$3,162$2,030
11 years$4,289$3,835$3,425$3,054$2,720$1,656
12 years$3,891$3,442$3,039$2,678$2,357$1,359
13 years$3,555$3,111$2,715$2,365$2,055$1,122
14 years$3,267$2,828$2,440$2,099$1,801$929
15 years$3,018$2,583$2,203$1,872$1,586$772
16 years$2,800$2,370$1,997$1,676$1,402$644
17 years$2,608$2,183$1,817$1,506$1,243$538
18 years$2,437$2,017$1,659$1,357$1,105$450
19 years$2,285$1,869$1,519$1,226$985$377
20 years$2,148$1,737$1,394$1,111$880$316
21 years$2,024$1,618$1,282$1,008$787$266
22 years$1,912$1,510$1,182$917$706$223
23 years$1,809$1,413$1,091$835$634$188
24 years$1,716$1,323$1,009$761$569$158
25 years$1,629$1,242$935$695$512$133
26 years$1,550$1,167$867$636$462$112
27 years$1,477$1,099$805$582$416$95
28 years$1,409$1,035$748$533$376$80
29 years$1,345$977$696$489$339$67
30 years$1,286$922$649$449$306$57
31 years$1,231$872$605$412$277$48
32 years$1,180$825$564$379$251$40
33 years$1,132$781$527$348$227$34
34 years$1,087$740$492$320$205$29
35 years$1,044$702$460$295$186$24
36 years$1,004$667$430$272$168$21
37 years$966$633$403$250$153$17
38 years$930$602$377$231$138$15
39 years$896$572$353$213$126$12
40 years$864$544$331$196$114$10
41 years$834$518$311$181$103$9
42 years$805$493$291$167$94$7
43 years$777$470$273$154$85$6
44 years$751$448$257$142$77$5
45 years$726$427$241$132$70$4
46 years$702$408$226$121$64$4
47 years$679$389$213$112$58$3
48 years$658$371$200$104$52$3
49 years$637$355$188$96$48$2
50 years$617$339$177$89$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $632,000, adding $5,924 every year, while hoping to spend $27,952 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: 69/19/12 Blend
50$632,000$632,000$632,000$632,000
51$702,575$669,079$659,283$748,830
52$744,497$672,123$651,628$783,366
53$789,758$674,379$642,780$817,212
54$838,669$675,780$632,669$853,509
55$891,573$676,252$621,223$892,494
56$948,844$675,720$608,365$934,428
57$1,010,897$674,101$594,016$979,598
58$1,078,185$671,308$578,092$1,028,322
59$1,151,208$667,251$560,506$1,080,952
60$1,230,515$661,830$541,167$1,137,875
61$1,316,711$654,943$519,980$1,199,517
62$1,410,461$646,481$496,844$1,266,350
63$1,512,496$636,326$471,656$1,338,894
64$1,623,620$624,356$444,307$1,417,724
65$1,744,720$610,440$414,681$1,503,472
66$1,876,770$594,440$382,662$1,596,837
67$2,020,843$576,210$348,123$1,698,591
68$2,178,119$555,595$310,936$1,809,586
69$2,349,900$532,431$270,964$1,930,758
70$2,537,614$506,544$228,066$2,063,146
71$2,742,838$477,752$182,094$2,207,891
72$2,967,306$445,861$132,893$2,366,255
73$3,212,928$410,665$80,301$2,539,630
74$3,481,806$371,947$24,151$2,729,549
75$3,776,257$329,479$0$2,937,708
76$4,098,829$283,018$0$3,170,553
77$4,452,332$232,308$0$3,429,163
78$4,839,858$177,079$0$3,712,740
79$5,264,814$117,046$0$4,023,818
80$5,730,950$51,907$0$4,365,189
81$6,242,400$0$0$4,739,931
82$6,803,715$0$0$5,155,339
83$7,419,909$0$0$5,623,311
84$8,096,504$0$0$6,137,194
85$8,839,585$0$0$6,701,612
86$9,655,852$0$0$7,321,661
87$10,552,690$0$0$8,002,954
88$11,538,231$0$0$8,751,675
89$12,621,437$0$0$9,574,637
90$13,812,178$0$0$10,479,345
91$15,121,330$0$0$11,474,069
92$16,560,875$0$0$12,567,918
93$18,144,015$0$0$13,770,930
94$19,885,294$0$0$15,094,163
95$21,800,737$0$0$16,549,802
96$23,908,000$0$0$18,151,271
97$26,226,538$0$0$19,913,361
98$28,777,783$0$0$21,852,371
99$31,585,354$0$0$23,986,257
100$34,675,272$0$0$26,334,805