Can I retire at age 51 with 633,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$52,273$51,807$51,353$50,909$50,476$49,018
2 years$25,877$25,396$24,928$24,476$24,036$22,578
3 years$17,080$16,596$16,130$15,682$15,250$13,838
4 years$12,683$12,200$11,739$11,298$10,876$9,522
5 years$10,045$9,565$9,110$8,678$8,268$6,974
6 years$8,287$7,811$7,362$6,940$6,542$5,311
7 years$7,031$6,559$6,118$5,706$5,320$4,151
8 years$6,090$5,622$5,188$4,786$4,414$3,306
9 years$5,359$4,895$4,469$4,077$3,717$2,669
10 years$4,774$4,315$3,896$3,514$3,167$2,178
11 years$4,296$3,841$3,430$3,058$2,724$1,792
12 years$3,897$3,448$3,044$2,683$2,360$1,484
13 years$3,561$3,116$2,720$2,368$2,058$1,235
14 years$3,272$2,832$2,444$2,102$1,804$1,033
15 years$3,023$2,587$2,206$1,875$1,589$866
16 years$2,804$2,374$2,000$1,679$1,404$729
17 years$2,612$2,186$1,820$1,508$1,245$615
18 years$2,441$2,020$1,662$1,359$1,107$519
19 years$2,289$1,872$1,521$1,228$987$440
20 years$2,151$1,740$1,396$1,112$881$372
21 years$2,027$1,621$1,284$1,010$789$316
22 years$1,915$1,513$1,183$918$707$268
23 years$1,812$1,415$1,093$836$635$228
24 years$1,718$1,326$1,011$763$570$194
25 years$1,632$1,244$936$696$513$165
26 years$1,552$1,169$868$637$462$141
27 years$1,479$1,100$806$583$417$120
28 years$1,411$1,037$749$534$376$102
29 years$1,348$978$697$490$340$87
30 years$1,289$924$650$449$307$74
31 years$1,233$873$606$413$277$63
32 years$1,182$826$565$379$251$54
33 years$1,134$782$528$349$227$46
34 years$1,088$742$493$321$206$39
35 years$1,046$703$461$295$186$34
36 years$1,005$668$431$272$169$29
37 years$967$634$403$251$153$24
38 years$932$603$378$231$139$21
39 years$898$573$354$213$126$18
40 years$865$545$332$197$114$15
41 years$835$519$311$181$103$13
42 years$806$494$292$167$94$11
43 years$778$471$274$154$85$9
44 years$752$449$257$143$77$8
45 years$727$428$241$132$70$7
46 years$703$408$227$122$64$6
47 years$680$390$213$112$58$5
48 years$659$372$200$104$53$4
49 years$638$355$188$96$48$4
50 years$618$339$177$89$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $633,000, adding $5,009 every year, while hoping to spend $44,325 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: 75/17/8 Blend
50$633,000$633,000$633,000$633,000
51$702,733$669,184$659,372$754,209
52$727,250$654,812$634,300$774,416
53$752,783$638,251$606,902$790,430
54$779,387$619,346$577,054$806,713
55$807,124$597,934$544,625$823,277
56$836,060$573,842$509,479$840,133
57$866,266$546,888$471,474$857,297
58$897,818$516,878$430,462$874,784
59$930,799$483,609$386,286$892,614
60$965,299$446,863$338,784$910,808
61$1,001,413$406,414$287,787$929,394
62$1,039,247$362,018$233,118$948,398
63$1,078,914$313,421$174,591$967,855
64$1,120,538$260,353$112,015$987,802
65$1,164,252$202,529$45,186$1,008,284
66$1,210,201$139,649$0$1,029,348
67$1,258,544$71,394$0$1,053,281
68$1,309,452$0$0$1,082,178
69$1,363,113$0$0$1,112,750
70$1,419,731$0$0$1,159,108
71$1,479,527$0$0$1,208,079
72$1,542,744$0$0$1,259,863
73$1,609,648$0$0$1,314,679
74$1,680,525$0$0$1,372,766
75$1,755,694$0$0$1,434,382
76$1,835,497$0$0$1,499,814
77$1,920,314$0$0$1,569,372
78$2,010,556$0$0$1,643,398
79$2,106,675$0$0$1,722,263
80$2,209,167$0$0$1,806,377
81$2,318,572$0$0$1,896,186
82$2,435,485$0$0$1,992,181
83$2,560,556$0$0$2,094,898
84$2,694,499$0$0$2,204,928
85$2,838,096$0$0$2,322,916
86$2,992,206$0$0$2,449,570
87$3,157,771$0$0$2,585,670
88$3,335,824$0$0$2,732,068
89$3,527,502$0$0$2,889,703
90$3,734,051$0$0$3,059,604
91$3,956,841$0$0$3,242,902
92$4,197,375$0$0$3,440,839
93$4,457,308$0$0$3,654,782
94$4,738,455$0$0$3,886,231
95$5,042,814$0$0$4,136,836
96$5,372,580$0$0$4,408,409
97$5,730,168$0$0$4,702,947
98$6,118,231$0$0$5,022,640
99$6,539,690$0$0$5,369,902
100$6,997,756$0$0$5,747,386