Can I retire at age 51 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$52,438$51,971$51,515$51,070$50,636$49,472
2 years$25,959$25,476$25,007$24,553$24,112$22,946
3 years$17,134$16,649$16,181$15,731$15,298$14,166
4 years$12,723$12,239$11,776$11,334$10,911$9,821
5 years$10,076$9,595$9,139$8,705$8,294$7,251
6 years$8,313$7,835$7,385$6,962$6,563$5,567
7 years$7,053$6,580$6,137$5,724$5,337$4,388
8 years$6,110$5,640$5,205$4,801$4,428$3,526
9 years$5,376$4,911$4,483$4,090$3,729$2,873
10 years$4,789$4,329$3,908$3,525$3,177$2,366
11 years$4,309$3,854$3,441$3,068$2,732$1,966
12 years$3,910$3,459$3,054$2,691$2,368$1,644
13 years$3,572$3,126$2,728$2,376$2,065$1,382
14 years$3,283$2,841$2,451$2,109$1,810$1,167
15 years$3,032$2,595$2,213$1,881$1,594$990
16 years$2,813$2,381$2,007$1,684$1,409$842
17 years$2,620$2,193$1,826$1,513$1,249$717
18 years$2,449$2,027$1,667$1,364$1,110$613
19 years$2,296$1,878$1,526$1,232$990$525
20 years$2,158$1,745$1,400$1,116$884$450
21 years$2,034$1,626$1,288$1,013$791$386
22 years$1,921$1,517$1,187$921$709$332
23 years$1,818$1,419$1,096$839$637$285
24 years$1,724$1,330$1,014$765$572$246
25 years$1,637$1,248$939$699$515$211
26 years$1,557$1,173$871$639$464$182
27 years$1,484$1,104$809$585$418$157
28 years$1,415$1,040$752$536$377$136
29 years$1,352$981$700$491$341$117
30 years$1,293$927$652$451$308$101
31 years$1,237$876$607$414$278$87
32 years$1,186$829$567$381$252$75
33 years$1,137$785$529$350$228$65
34 years$1,092$744$494$322$206$56
35 years$1,049$706$462$296$187$49
36 years$1,009$670$432$273$169$42
37 years$970$636$405$251$153$36
38 years$934$605$379$232$139$31
39 years$900$575$355$214$126$27
40 years$868$547$333$197$114$23
41 years$838$521$312$182$104$20
42 years$808$496$293$168$94$18
43 years$781$472$275$155$85$15
44 years$754$450$258$143$78$13
45 years$729$429$242$132$70$11
46 years$705$410$227$122$64$10
47 years$683$391$214$113$58$8
48 years$661$373$201$104$53$7
49 years$640$356$189$96$48$6
50 years$620$340$177$89$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $635,000, adding $6,412 every year, while hoping to spend $34,558 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: 38/49/13 Blend
50$635,000$635,000$635,000$635,000
51$706,384$672,729$662,886$730,213
52$741,666$668,923$648,324$743,987
53$779,388$663,773$632,115$755,036
54$819,763$657,175$614,168$766,221
55$863,024$649,022$594,388$777,572
56$909,427$639,198$572,674$789,122
57$959,251$627,582$548,922$800,912
58$1,012,805$614,044$523,021$812,990
59$1,070,426$598,447$494,857$825,413
60$1,132,486$580,647$464,311$838,244
61$1,199,391$560,490$431,257$851,559
62$1,271,590$537,815$395,565$865,445
63$1,349,573$512,449$357,098$880,001
64$1,433,882$484,211$315,712$895,340
65$1,525,109$452,909$271,260$911,593
66$1,623,908$418,340$223,586$928,909
67$1,730,997$380,289$172,526$947,454
68$1,847,165$338,529$117,912$967,422
69$1,973,279$292,820$59,565$989,027
70$2,110,294$242,909$0$1,012,516
71$2,259,261$188,529$0$1,038,538
72$2,421,335$129,396$0$1,075,873
73$2,597,787$65,212$0$1,116,627
74$2,790,015$0$0$1,161,225
75$2,999,559$0$0$1,212,480
76$3,228,112$0$0$1,306,816
77$3,477,540$0$0$1,409,849
78$3,749,895$0$0$1,522,438
79$4,047,435$0$0$1,645,529
80$4,372,649$0$0$1,780,160
81$4,728,275$0$0$1,927,477
82$5,117,327$0$0$2,088,742
83$5,543,126$0$0$2,265,342
84$6,009,327$0$0$2,458,808
85$6,519,956$0$0$2,670,823
86$7,079,445$0$0$2,903,241
87$7,692,678$0$0$3,158,106
88$8,365,031$0$0$3,437,667
89$9,102,427$0$0$3,744,403
90$9,911,389$0$0$4,081,043
91$10,799,100$0$0$4,450,593
92$11,773,476$0$0$4,856,366
93$12,843,234$0$0$5,302,010
94$14,017,975$0$0$5,791,544
95$15,308,280$0$0$6,329,396
96$16,725,801$0$0$6,920,442
97$18,283,375$0$0$7,570,056
98$19,995,145$0$0$8,284,159
99$21,876,692$0$0$9,069,272
100$23,945,181$0$0$9,932,581