Can I retire at age 51 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$52,355$51,889$51,434$50,990$50,556$49,016
2 years$25,918$25,436$24,968$24,514$24,074$22,536
3 years$17,107$16,622$16,156$15,707$15,274$13,786
4 years$12,703$12,219$11,757$11,316$10,893$9,467
5 years$10,060$9,580$9,124$8,692$8,281$6,919
6 years$8,300$7,823$7,374$6,951$6,552$5,257
7 years$7,042$6,570$6,128$5,715$5,329$4,100
8 years$6,100$5,631$5,197$4,794$4,421$3,257
9 years$5,367$4,903$4,476$4,083$3,723$2,624
10 years$4,781$4,322$3,902$3,520$3,172$2,136
11 years$4,302$3,848$3,435$3,063$2,728$1,753
12 years$3,904$3,453$3,049$2,687$2,364$1,448
13 years$3,566$3,121$2,724$2,372$2,062$1,202
14 years$3,278$2,837$2,447$2,106$1,807$1,002
15 years$3,027$2,591$2,210$1,878$1,591$838
16 years$2,809$2,378$2,003$1,681$1,406$703
17 years$2,616$2,190$1,823$1,511$1,247$591
18 years$2,445$2,023$1,664$1,362$1,109$498
19 years$2,292$1,875$1,524$1,230$988$420
20 years$2,155$1,743$1,398$1,114$883$355
21 years$2,031$1,623$1,286$1,011$790$300
22 years$1,918$1,515$1,185$919$708$254
23 years$1,815$1,417$1,094$837$636$215
24 years$1,721$1,328$1,012$764$571$183
25 years$1,635$1,246$937$697$514$155
26 years$1,555$1,171$869$638$463$132
27 years$1,481$1,102$807$584$417$112
28 years$1,413$1,038$751$535$377$95
29 years$1,350$980$698$490$340$81
30 years$1,291$925$651$450$307$69
31 years$1,235$875$607$413$278$58
32 years$1,184$828$566$380$251$50
33 years$1,135$784$528$349$227$42
34 years$1,090$743$494$321$206$36
35 years$1,047$705$462$296$187$30
36 years$1,007$669$432$273$169$26
37 years$969$635$404$251$153$22
38 years$933$604$378$231$139$19
39 years$899$574$355$213$126$16
40 years$867$546$332$197$114$14
41 years$836$520$312$182$104$12
42 years$807$495$292$168$94$10
43 years$780$472$274$155$85$8
44 years$753$450$257$143$77$7
45 years$728$429$242$132$70$6
46 years$704$409$227$122$64$5
47 years$682$390$213$113$58$4
48 years$660$373$200$104$53$4
49 years$639$356$188$96$48$3
50 years$619$340$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 $634,000, adding $4,327 every year, while hoping to spend $24,172 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: 60/23/17 Blend
50$634,000$634,000$634,000$634,000
51$703,131$669,529$659,702$742,005
52$749,132$676,617$656,084$775,854
53$799,014$683,243$651,533$809,699
54$853,149$689,357$645,995$846,060
55$911,944$694,909$639,409$885,185
56$975,846$699,844$631,714$927,346
57$1,045,350$704,103$622,843$972,842
58$1,120,996$707,625$612,730$1,022,007
59$1,203,383$710,344$601,301$1,075,205
60$1,293,167$712,190$588,484$1,132,842
61$1,391,071$713,087$574,198$1,195,364
62$1,497,889$712,958$558,363$1,263,263
63$1,614,498$711,718$540,893$1,337,082
64$1,741,862$709,277$521,698$1,417,423
65$1,881,042$705,541$500,685$1,504,947
66$2,033,206$700,410$477,755$1,600,386
67$2,199,639$693,777$452,806$1,704,546
68$2,381,759$685,528$425,732$1,818,317
69$2,581,125$675,545$396,420$1,942,683
70$2,799,453$663,700$364,753$2,078,728
71$3,038,634$649,859$330,610$2,227,647
72$3,300,752$633,879$293,863$2,390,762
73$3,588,100$615,610$254,378$2,569,528
74$3,903,203$594,892$212,016$2,765,555
75$4,248,843$571,555$166,633$2,980,613
76$4,628,086$545,422$118,076$3,216,662
77$5,044,306$516,303$66,186$3,475,857
78$5,501,221$483,998$10,800$3,760,582
79$6,002,928$448,296$0$4,073,462
80$6,553,936$408,973$0$4,426,158
81$7,159,217$365,792$0$4,815,763
82$7,824,245$318,503$0$5,243,876
83$8,555,052$266,844$0$5,714,421
84$9,358,282$210,534$0$6,231,725
85$10,241,256$149,279$0$6,800,555
86$11,212,039$82,769$0$7,426,170
87$12,279,516$10,674$0$8,114,365
88$13,453,478$0$0$8,871,528
89$14,744,709$0$0$9,721,750
90$16,165,093$0$0$10,660,044
91$17,727,724$0$0$11,692,363
92$19,447,027$0$0$12,828,247
93$21,338,898$0$0$14,078,203
94$23,420,851$0$0$15,453,811
95$25,712,183$0$0$16,967,830
96$28,234,156$0$0$18,634,317
97$31,010,200$0$0$20,468,763
98$34,066,129$0$0$22,488,235
99$37,430,389$0$0$24,711,540
100$41,134,323$0$0$27,159,402