Can I retire at age 51 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$52,685$52,216$51,758$51,311$50,875$50,365
2 years$26,082$25,596$25,125$24,669$24,226$23,712
3 years$17,215$16,727$16,258$15,806$15,370$14,868
4 years$12,783$12,296$11,832$11,387$10,962$10,476
5 years$10,124$9,641$9,182$8,746$8,333$7,865
6 years$8,352$7,872$7,420$6,995$6,594$6,144
7 years$7,087$6,611$6,166$5,751$5,363$4,931
8 years$6,138$5,667$5,229$4,824$4,449$4,035
9 years$5,401$4,934$4,504$4,109$3,746$3,351
10 years$4,812$4,349$3,927$3,542$3,192$2,815
11 years$4,330$3,872$3,457$3,083$2,745$2,386
12 years$3,928$3,475$3,068$2,704$2,379$2,037
13 years$3,589$3,140$2,741$2,387$2,075$1,749
14 years$3,298$2,855$2,463$2,119$1,819$1,510
15 years$3,047$2,608$2,224$1,890$1,601$1,308
16 years$2,827$2,393$2,016$1,692$1,415$1,138
17 years$2,633$2,203$1,835$1,520$1,255$992
18 years$2,461$2,036$1,675$1,370$1,116$867
19 years$2,307$1,887$1,533$1,238$994$760
20 years$2,168$1,754$1,407$1,121$888$667
21 years$2,043$1,633$1,294$1,018$795$587
22 years$1,930$1,525$1,193$925$713$517
23 years$1,827$1,426$1,101$843$640$456
24 years$1,732$1,336$1,019$769$575$402
25 years$1,645$1,254$943$702$517$355
26 years$1,565$1,178$875$642$466$314
27 years$1,491$1,109$812$587$420$278
28 years$1,422$1,045$755$538$379$246
29 years$1,358$986$703$494$342$218
30 years$1,299$931$655$453$309$193
31 years$1,243$880$610$416$280$171
32 years$1,191$833$569$382$253$152
33 years$1,143$789$532$352$229$135
34 years$1,097$747$497$323$207$120
35 years$1,054$709$464$298$188$106
36 years$1,013$673$435$274$170$94
37 years$975$639$407$253$154$84
38 years$939$607$381$233$140$74
39 years$905$578$357$215$127$66
40 years$872$549$334$198$115$59
41 years$841$523$314$183$104$52
42 years$812$498$294$169$95$46
43 years$784$475$276$156$86$41
44 years$758$452$259$144$78$37
45 years$733$431$243$133$71$33
46 years$709$412$229$123$64$29
47 years$686$393$215$113$58$26
48 years$664$375$202$105$53$23
49 years$643$358$190$97$48$20
50 years$623$342$178$89$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $638,000, adding $5,980 every year, while hoping to spend $48,752 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: 35/46/19 Blend
50$638,000$638,000$638,000$638,000
51$709,244$675,430$665,541$729,768
52$729,716$656,655$635,965$726,546
53$750,641$635,325$603,764$718,107
54$772,015$611,265$568,799$707,984
55$793,831$584,287$530,924$696,055
56$816,079$554,194$489,987$682,193
57$838,746$520,777$445,829$666,259
58$861,817$483,814$398,284$648,108
59$885,274$443,072$347,177$627,588
60$909,093$398,304$292,329$604,533
61$933,247$349,248$233,549$578,770
62$957,705$295,628$170,639$550,116
63$982,430$237,152$103,395$518,375
64$1,007,378$173,513$31,599$483,340
65$1,032,500$104,385$0$444,789
66$1,057,740$29,424$0$411,618
67$1,083,031$0$0$381,879
68$1,108,301$0$0$375,133
69$1,133,464$0$0$383,190
70$1,158,425$0$0$391,117
71$1,183,077$0$0$398,871
72$1,207,298$0$0$406,404
73$1,230,951$0$0$413,660
74$1,253,883$0$0$420,580
75$1,275,921$0$0$427,094
76$1,296,872$0$0$433,127
77$1,316,521$0$0$438,592
78$1,334,627$0$0$443,396
79$1,350,919$0$0$447,432
80$1,365,098$0$0$450,582
81$1,376,830$0$0$452,715
82$1,385,742$0$0$453,685
83$1,391,419$0$0$453,330
84$1,393,403$0$0$451,469
85$1,391,180$0$0$447,904
86$1,384,184$0$0$442,413
87$1,371,784$0$0$434,749
88$1,353,281$0$0$424,640
89$1,327,901$0$0$411,785
90$1,294,784$0$0$395,850
91$1,252,979$0$0$376,464
92$1,201,433$0$0$353,218
93$1,138,981$0$0$325,660
94$1,064,330$0$0$293,287
95$976,054$0$0$255,547
96$872,574$0$0$211,826
97$752,143$0$0$161,446
98$612,831$0$0$103,661
99$452,504$0$0$37,643
100$268,804$0$0$0