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%11.6%
1 years$52,603$52,134$51,677$51,231$50,795$50,454
2 years$26,041$25,556$25,086$24,630$24,188$23,844
3 years$17,188$16,701$16,232$15,781$15,346$15,010
4 years$12,763$12,277$11,813$11,369$10,945$10,619
5 years$10,108$9,625$9,167$8,733$8,320$8,005
6 years$8,339$7,860$7,409$6,984$6,583$6,280
7 years$7,076$6,601$6,157$5,742$5,354$5,063
8 years$6,129$5,658$5,221$4,816$4,442$4,162
9 years$5,393$4,926$4,497$4,103$3,741$3,473
10 years$4,804$4,342$3,921$3,536$3,187$2,931
11 years$4,323$3,866$3,452$3,078$2,741$2,497
12 years$3,922$3,470$3,063$2,700$2,375$2,142
13 years$3,583$3,136$2,737$2,383$2,071$1,849
14 years$3,293$2,850$2,459$2,116$1,816$1,604
15 years$3,042$2,604$2,220$1,887$1,599$1,398
16 years$2,822$2,389$2,013$1,689$1,413$1,222
17 years$2,629$2,200$1,832$1,518$1,253$1,072
18 years$2,457$2,033$1,672$1,368$1,114$942
19 years$2,303$1,884$1,531$1,236$993$831
20 years$2,165$1,751$1,405$1,120$887$733
21 years$2,040$1,631$1,292$1,016$794$649
22 years$1,927$1,522$1,191$924$711$575
23 years$1,824$1,424$1,100$841$639$510
24 years$1,729$1,334$1,017$767$574$453
25 years$1,642$1,252$942$701$516$402
26 years$1,562$1,177$874$641$465$358
27 years$1,488$1,107$811$586$419$319
28 years$1,420$1,043$754$537$378$284
29 years$1,356$984$702$493$342$253
30 years$1,297$930$654$452$309$226
31 years$1,241$879$609$415$279$202
32 years$1,189$831$569$382$253$180
33 years$1,141$787$531$351$229$161
34 years$1,095$746$496$323$207$144
35 years$1,052$708$464$297$187$128
36 years$1,012$672$434$274$170$115
37 years$974$638$406$252$154$103
38 years$937$606$380$233$140$92
39 years$903$577$356$214$127$82
40 years$871$549$334$198$115$73
41 years$840$522$313$182$104$66
42 years$811$497$294$168$94$59
43 years$783$474$276$155$86$53
44 years$757$452$259$144$78$47
45 years$732$431$243$133$71$42
46 years$708$411$228$122$64$38
47 years$685$392$214$113$58$34
48 years$663$374$201$105$53$30
49 years$642$357$189$97$48$27
50 years$622$341$178$89$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $637,000, adding $4,716 every year, while hoping to spend $30,594 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: 52/29/19 Blend
50$637,000$637,000$637,000$637,000
51$706,839$673,078$663,204$739,676
52$746,384$673,507$652,870$763,193
53$788,938$672,931$641,164$785,180
54$834,775$671,270$628,008$808,435
55$884,196$668,436$613,320$833,090
56$937,533$664,339$597,015$859,288
57$995,150$658,879$579,003$887,192
58$1,057,446$651,955$559,190$916,982
59$1,124,860$643,456$537,479$948,855
60$1,197,878$633,267$513,766$983,035
61$1,277,029$621,264$487,944$1,019,766
62$1,362,897$607,318$459,902$1,059,323
63$1,456,127$591,291$429,523$1,102,009
64$1,557,423$573,035$396,683$1,148,160
65$1,667,564$552,397$361,256$1,198,150
66$1,787,404$529,214$323,107$1,252,392
67$1,917,886$503,312$282,097$1,311,347
68$2,060,043$474,507$238,081$1,375,524
69$2,215,017$442,607$190,906$1,445,486
70$2,384,061$407,407$140,413$1,521,860
71$2,568,555$368,690$86,437$1,605,337
72$2,770,019$326,228$28,804$1,696,685
73$2,990,126$279,778$0$1,796,755
74$3,230,717$229,085$0$1,913,115
75$3,493,820$173,880$0$2,046,840
76$3,781,666$113,877$0$2,193,277
77$4,096,715$48,775$0$2,353,743
78$4,441,672$0$0$2,529,692
79$4,819,518$0$0$2,729,667
80$5,233,535$0$0$2,965,904
81$5,687,339$0$0$3,224,909
82$6,184,910$0$0$3,508,961
83$6,730,633$0$0$3,820,572
84$7,329,339$0$0$4,162,509
85$7,986,345$0$0$4,537,819
86$8,707,514$0$0$4,949,859
87$9,499,298$0$0$5,402,326
88$10,368,807$0$0$5,899,294
89$11,323,876$0$0$6,445,249
90$12,373,130$0$0$7,045,135
91$13,526,077$0$0$7,704,397
92$14,793,187$0$0$8,429,034
93$16,185,998$0$0$9,225,656
94$17,717,217$0$0$10,101,545
95$19,400,849$0$0$11,064,723
96$21,252,321$0$0$12,124,029
97$23,288,629$0$0$13,289,201
98$25,528,501$0$0$14,570,970
99$27,992,568$0$0$15,981,156
100$30,703,566$0$0$17,532,785