Can I retire at age 51 with 633,000?

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 $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%14.4%
1 years$52,273$51,807$51,353$50,909$50,476$49,559
2 years$25,877$25,396$24,928$24,476$24,036$23,115
3 years$17,080$16,596$16,130$15,682$15,250$14,353
4 years$12,683$12,200$11,739$11,298$10,876$10,012
5 years$10,045$9,565$9,110$8,678$8,268$7,438
6 years$8,287$7,811$7,362$6,940$6,542$5,748
7 years$7,031$6,559$6,118$5,706$5,320$4,562
8 years$6,090$5,622$5,188$4,786$4,414$3,691
9 years$5,359$4,895$4,469$4,077$3,717$3,029
10 years$4,774$4,315$3,896$3,514$3,167$2,513
11 years$4,296$3,841$3,430$3,058$2,724$2,104
12 years$3,897$3,448$3,044$2,683$2,360$1,773
13 years$3,561$3,116$2,720$2,368$2,058$1,503
14 years$3,272$2,832$2,444$2,102$1,804$1,280
15 years$3,023$2,587$2,206$1,875$1,589$1,094
16 years$2,804$2,374$2,000$1,679$1,404$938
17 years$2,612$2,186$1,820$1,508$1,245$807
18 years$2,441$2,020$1,662$1,359$1,107$695
19 years$2,289$1,872$1,521$1,228$987$600
20 years$2,151$1,740$1,396$1,112$881$519
21 years$2,027$1,621$1,284$1,010$789$450
22 years$1,915$1,513$1,183$918$707$390
23 years$1,812$1,415$1,093$836$635$339
24 years$1,718$1,326$1,011$763$570$294
25 years$1,632$1,244$936$696$513$256
26 years$1,552$1,169$868$637$462$223
27 years$1,479$1,100$806$583$417$194
28 years$1,411$1,037$749$534$376$169
29 years$1,348$978$697$490$340$147
30 years$1,289$924$650$449$307$128
31 years$1,233$873$606$413$277$112
32 years$1,182$826$565$379$251$98
33 years$1,134$782$528$349$227$85
34 years$1,088$742$493$321$206$74
35 years$1,046$703$461$295$186$65
36 years$1,005$668$431$272$169$57
37 years$967$634$403$251$153$50
38 years$932$603$378$231$139$43
39 years$898$573$354$213$126$38
40 years$865$545$332$197$114$33
41 years$835$519$311$181$103$29
42 years$806$494$292$167$94$25
43 years$778$471$274$154$85$22
44 years$752$449$257$143$77$19
45 years$727$428$241$132$70$17
46 years$703$408$227$122$64$15
47 years$680$390$213$112$58$13
48 years$659$372$200$104$53$11
49 years$638$355$188$96$48$10
50 years$618$339$177$89$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $633,000, adding $5,964 every year, while hoping to spend $31,215 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: 58/20/22 Blend
50$633,000$633,000$633,000$633,000
51$703,718$670,169$660,357$740,066
52$742,285$669,795$649,267$765,120
53$783,739$668,356$636,759$788,550
54$828,342$665,767$622,752$813,414
55$876,382$661,939$607,163$839,856
56$928,174$656,775$589,904$868,040
57$984,064$650,173$570,882$898,143
58$1,044,434$642,026$550,002$930,365
59$1,109,700$632,220$527,161$964,926
60$1,180,324$620,634$502,256$1,002,072
61$1,256,811$607,139$475,175$1,042,073
62$1,339,717$591,599$445,804$1,085,231
63$1,429,652$573,872$414,023$1,131,877
64$1,527,290$553,804$379,706$1,182,382
65$1,633,368$531,236$342,721$1,237,155
66$1,748,701$505,995$302,931$1,296,648
67$1,874,182$477,903$260,193$1,361,363
68$2,010,797$446,768$214,358$1,431,855
69$2,159,628$412,390$165,268$1,508,739
70$2,321,867$374,554$112,762$1,592,695
71$2,498,827$333,036$56,669$1,684,476
72$2,691,950$287,598$0$1,784,913
73$2,902,827$237,988$0$1,895,679
74$3,133,206$183,940$0$2,031,286
75$3,385,014$125,175$0$2,179,590
76$3,660,372$61,394$0$2,341,884
77$3,961,613$0$0$2,519,594
78$4,291,310$0$0$2,715,992
79$4,652,293$0$0$2,945,872
80$5,047,678$0$0$3,197,714
81$5,480,900$0$0$3,473,713
82$5,955,739$0$0$3,776,283
83$6,476,359$0$0$4,108,085
84$7,047,346$0$0$4,472,049
85$7,673,751$0$0$4,871,404
86$8,361,137$0$0$5,309,704
87$9,115,635$0$0$5,790,864
88$9,943,993$0$0$6,319,200
89$10,853,648$0$0$6,899,463
90$11,852,793$0$0$7,536,886
91$12,950,450$0$0$8,237,238
92$14,156,562$0$0$9,006,871
93$15,482,080$0$0$9,852,784
94$16,939,070$0$0$10,782,687
95$18,540,823$0$0$11,805,075
96$20,301,986$0$0$12,929,308
97$22,238,692$0$0$14,165,695
98$24,368,718$0$0$15,525,598
99$26,711,650$0$0$17,021,534
100$29,289,066$0$0$18,667,294