Can I retire at age 51 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$52,603$52,134$51,677$51,231$50,795$50,581
2 years$26,041$25,556$25,086$24,630$24,188$23,972
3 years$17,188$16,701$16,232$15,781$15,346$15,135
4 years$12,763$12,277$11,813$11,369$10,945$10,740
5 years$10,108$9,625$9,167$8,733$8,320$8,122
6 years$8,339$7,860$7,409$6,984$6,583$6,392
7 years$7,076$6,601$6,157$5,742$5,354$5,170
8 years$6,129$5,658$5,221$4,816$4,442$4,265
9 years$5,393$4,926$4,497$4,103$3,741$3,571
10 years$4,804$4,342$3,921$3,536$3,187$3,025
11 years$4,323$3,866$3,452$3,078$2,741$2,586
12 years$3,922$3,470$3,063$2,700$2,375$2,227
13 years$3,583$3,136$2,737$2,383$2,071$1,930
14 years$3,293$2,850$2,459$2,116$1,816$1,681
15 years$3,042$2,604$2,220$1,887$1,599$1,470
16 years$2,822$2,389$2,013$1,689$1,413$1,291
17 years$2,629$2,200$1,832$1,518$1,253$1,137
18 years$2,457$2,033$1,672$1,368$1,114$1,004
19 years$2,303$1,884$1,531$1,236$993$888
20 years$2,165$1,751$1,405$1,120$887$788
21 years$2,040$1,631$1,292$1,016$794$700
22 years$1,927$1,522$1,191$924$711$623
23 years$1,824$1,424$1,100$841$639$555
24 years$1,729$1,334$1,017$767$574$495
25 years$1,642$1,252$942$701$516$442
26 years$1,562$1,177$874$641$465$395
27 years$1,488$1,107$811$586$419$354
28 years$1,420$1,043$754$537$378$316
29 years$1,356$984$702$493$342$284
30 years$1,297$930$654$452$309$254
31 years$1,241$879$609$415$279$228
32 years$1,189$831$569$382$253$205
33 years$1,141$787$531$351$229$184
34 years$1,095$746$496$323$207$165
35 years$1,052$708$464$297$187$148
36 years$1,012$672$434$274$170$133
37 years$974$638$406$252$154$120
38 years$937$606$380$233$140$108
39 years$903$577$356$214$127$97
40 years$871$549$334$198$115$87
41 years$840$522$313$182$104$78
42 years$811$497$294$168$94$70
43 years$783$474$276$155$86$63
44 years$757$452$259$144$78$57
45 years$732$431$243$133$71$51
46 years$708$411$228$122$64$46
47 years$685$392$214$113$58$42
48 years$663$374$201$105$53$37
49 years$642$357$189$97$48$34
50 years$622$341$178$89$44$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $637,000, adding $6,676 every year, while hoping to spend $50,759 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: 32/45/23 Blend
50$637,000$637,000$637,000$637,000
51$708,860$675,099$665,226$726,351
52$727,157$654,172$633,504$719,183
53$745,618$630,518$599,018$706,436
54$764,208$603,950$561,622$691,671
55$782,884$574,270$521,163$674,742
56$801,598$541,269$477,481$655,496
57$820,295$504,725$430,410$633,770
58$838,912$464,404$379,776$609,389
59$857,379$420,057$325,396$582,169
60$875,615$371,424$267,081$551,913
61$893,532$318,228$204,633$518,412
62$911,027$260,176$137,843$481,442
63$927,987$196,960$66,495$440,766
64$944,284$128,253$0$396,133
65$959,775$53,711$0$349,640
66$974,300$0$0$316,202
67$987,680$0$0$292,624
68$999,716$0$0$295,114
69$1,010,186$0$0$296,997
70$1,018,841$0$0$298,184
71$1,025,406$0$0$298,574
72$1,029,573$0$0$298,058
73$1,031,003$0$0$296,515
74$1,029,315$0$0$293,807
75$1,024,089$0$0$289,786
76$1,014,859$0$0$284,283
77$1,001,106$0$0$277,115
78$982,256$0$0$268,076
79$957,673$0$0$256,941
80$926,652$0$0$243,457
81$888,413$0$0$227,348
82$842,092$0$0$208,306
83$786,732$0$0$185,992
84$721,276$0$0$160,029
85$644,554$0$0$130,003
86$555,273$0$0$95,453
87$452,001$0$0$55,874
88$333,158$0$0$10,705
89$196,998$0$0$0
90$41,589$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0