Can I retire at age 51 with 637,000?

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 $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%17.1%
1 years$52,603$52,134$51,677$51,231$50,795$49,327
2 years$26,041$25,556$25,086$24,630$24,188$22,721
3 years$17,188$16,701$16,232$15,781$15,346$13,925
4 years$12,763$12,277$11,813$11,369$10,945$9,582
5 years$10,108$9,625$9,167$8,733$8,320$7,018
6 years$8,339$7,860$7,409$6,984$6,583$5,344
7 years$7,076$6,601$6,157$5,742$5,354$4,177
8 years$6,129$5,658$5,221$4,816$4,442$3,327
9 years$5,393$4,926$4,497$4,103$3,741$2,686
10 years$4,804$4,342$3,921$3,536$3,187$2,192
11 years$4,323$3,866$3,452$3,078$2,741$1,803
12 years$3,922$3,470$3,063$2,700$2,375$1,493
13 years$3,583$3,136$2,737$2,383$2,071$1,243
14 years$3,293$2,850$2,459$2,116$1,816$1,039
15 years$3,042$2,604$2,220$1,887$1,599$872
16 years$2,822$2,389$2,013$1,689$1,413$733
17 years$2,629$2,200$1,832$1,518$1,253$619
18 years$2,457$2,033$1,672$1,368$1,114$523
19 years$2,303$1,884$1,531$1,236$993$442
20 years$2,165$1,751$1,405$1,120$887$375
21 years$2,040$1,631$1,292$1,016$794$318
22 years$1,927$1,522$1,191$924$711$270
23 years$1,824$1,424$1,100$841$639$230
24 years$1,729$1,334$1,017$767$574$195
25 years$1,642$1,252$942$701$516$166
26 years$1,562$1,177$874$641$465$142
27 years$1,488$1,107$811$586$419$121
28 years$1,420$1,043$754$537$378$103
29 years$1,356$984$702$493$342$88
30 years$1,297$930$654$452$309$75
31 years$1,241$879$609$415$279$64
32 years$1,189$831$569$382$253$54
33 years$1,141$787$531$351$229$46
34 years$1,095$746$496$323$207$40
35 years$1,052$708$464$297$187$34
36 years$1,012$672$434$274$170$29
37 years$974$638$406$252$154$25
38 years$937$606$380$233$140$21
39 years$903$577$356$214$127$18
40 years$871$549$334$198$115$15
41 years$840$522$313$182$104$13
42 years$811$497$294$168$94$11
43 years$783$474$276$155$86$10
44 years$757$452$259$144$78$8
45 years$732$431$243$133$71$7
46 years$708$411$228$122$64$6
47 years$685$392$214$113$58$5
48 years$663$374$201$105$53$4
49 years$642$357$189$97$48$4
50 years$622$341$178$89$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $637,000, adding $3,970 every year, while hoping to spend $25,274 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: 45/47/8 Blend
50$637,000$637,000$637,000$637,000
51$706,069$672,308$662,435$736,085
52$751,197$678,360$657,735$763,277
53$800,080$683,861$652,030$789,820
54$853,076$688,758$645,261$818,018
55$910,577$692,994$637,364$848,032
56$973,012$696,507$628,273$880,041
57$1,040,858$699,234$617,918$914,243
58$1,114,634$701,105$606,227$950,855
59$1,194,915$702,048$593,124$990,121
60$1,282,332$701,984$578,529$1,032,309
61$1,377,580$700,832$562,360$1,077,715
62$1,481,424$698,503$544,530$1,126,669
63$1,594,705$694,905$524,947$1,179,534
64$1,718,349$689,939$503,517$1,236,715
65$1,853,375$683,501$480,140$1,298,655
66$2,000,907$675,480$454,711$1,365,850
67$2,162,179$665,758$427,124$1,438,844
68$2,338,552$654,211$397,263$1,518,242
69$2,531,523$640,707$365,011$1,604,712
70$2,742,743$625,106$330,243$1,698,992
71$2,974,027$607,260$292,830$1,801,900
72$3,227,374$587,012$252,637$1,914,338
73$3,504,988$564,198$209,522$2,037,307
74$3,809,294$538,641$163,338$2,171,910
75$4,142,963$510,155$113,931$2,319,367
76$4,508,938$478,545$61,140$2,481,028
77$4,910,459$443,603$4,798$2,658,384
78$5,351,096$405,110$0$2,853,083
79$5,834,781$362,833$0$3,071,668
80$6,365,844$316,528$0$3,312,170
81$6,949,057$265,935$0$3,576,420
82$7,589,676$210,780$0$3,866,887
83$8,293,490$150,776$0$4,186,300
84$9,066,878$85,615$0$4,537,672
85$9,916,866$14,977$0$4,924,329
86$10,851,195$0$0$5,349,941
87$11,878,394$0$0$5,850,358
88$13,007,860$0$0$6,409,196
89$14,249,944$0$0$7,023,841
90$15,616,052$0$0$7,699,949
91$17,118,750$0$0$8,443,749
92$18,771,885$0$0$9,262,107
93$20,590,710$0$0$10,162,586
94$22,592,034$0$0$11,153,520
95$24,794,377$0$0$12,244,091
96$27,218,144$0$0$13,444,417
97$29,885,821$0$0$14,765,646
98$32,822,180$0$0$16,220,062
99$36,054,520$0$0$17,821,201
100$39,612,919$0$0$19,583,977