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%13.8%
1 years$52,685$52,216$51,758$51,311$50,875$50,073
2 years$26,082$25,596$25,125$24,669$24,226$23,421
3 years$17,215$16,727$16,258$15,806$15,370$14,586
4 years$12,783$12,296$11,832$11,387$10,962$10,205
5 years$10,124$9,641$9,182$8,746$8,333$7,605
6 years$8,352$7,872$7,420$6,995$6,594$5,896
7 years$7,087$6,611$6,166$5,751$5,363$4,695
8 years$6,138$5,667$5,229$4,824$4,449$3,812
9 years$5,401$4,934$4,504$4,109$3,746$3,140
10 years$4,812$4,349$3,927$3,542$3,192$2,615
11 years$4,330$3,872$3,457$3,083$2,745$2,197
12 years$3,928$3,475$3,068$2,704$2,379$1,859
13 years$3,589$3,140$2,741$2,387$2,075$1,582
14 years$3,298$2,855$2,463$2,119$1,819$1,352
15 years$3,047$2,608$2,224$1,890$1,601$1,161
16 years$2,827$2,393$2,016$1,692$1,415$1,000
17 years$2,633$2,203$1,835$1,520$1,255$863
18 years$2,461$2,036$1,675$1,370$1,116$747
19 years$2,307$1,887$1,533$1,238$994$648
20 years$2,168$1,754$1,407$1,121$888$563
21 years$2,043$1,633$1,294$1,018$795$490
22 years$1,930$1,525$1,193$925$713$427
23 years$1,827$1,426$1,101$843$640$372
24 years$1,732$1,336$1,019$769$575$325
25 years$1,645$1,254$943$702$517$284
26 years$1,565$1,178$875$642$466$248
27 years$1,491$1,109$812$587$420$217
28 years$1,422$1,045$755$538$379$190
29 years$1,358$986$703$494$342$167
30 years$1,299$931$655$453$309$146
31 years$1,243$880$610$416$280$128
32 years$1,191$833$569$382$253$112
33 years$1,143$789$532$352$229$98
34 years$1,097$747$497$323$207$86
35 years$1,054$709$464$298$188$76
36 years$1,013$673$435$274$170$66
37 years$975$639$407$253$154$58
38 years$939$607$381$233$140$51
39 years$905$578$357$215$127$45
40 years$872$549$334$198$115$39
41 years$841$523$314$183$104$35
42 years$812$498$294$169$95$30
43 years$784$475$276$156$86$27
44 years$758$452$259$144$78$23
45 years$733$431$243$133$71$21
46 years$709$412$229$123$64$18
47 years$686$393$215$113$58$16
48 years$664$375$202$105$53$14
49 years$643$358$190$97$48$12
50 years$623$342$178$89$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $638,000, adding $6,674 every year, while hoping to spend $28,710 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: 60/26/14 Blend
50$638,000$638,000$638,000$638,000
51$709,960$676,146$666,257$749,697
52$751,829$678,730$658,030$779,838
53$797,006$680,479$648,564$808,892
54$845,799$681,320$637,789$839,903
55$898,544$681,179$625,629$873,061
56$955,614$679,975$612,006$908,579
57$1,017,415$677,622$596,837$946,691
58$1,084,397$674,031$580,036$987,657
59$1,157,051$669,105$561,513$1,031,764
60$1,235,921$662,741$541,175$1,079,328
61$1,321,603$654,833$518,921$1,130,701
62$1,414,751$645,265$494,651$1,186,269
63$1,516,089$633,916$468,254$1,246,463
64$1,626,410$620,658$439,621$1,311,754
65$1,746,588$605,354$408,632$1,382,667
66$1,877,583$587,860$375,164$1,459,781
67$2,020,455$568,023$339,091$1,543,735
68$2,176,367$545,682$300,276$1,635,235
69$2,346,602$520,666$258,581$1,735,063
70$2,532,570$492,793$213,858$1,844,081
71$2,735,826$461,874$165,956$1,963,242
72$2,958,079$427,705$114,715$2,093,599
73$3,201,213$390,072$59,967$2,236,314
74$3,467,301$348,750$1,540$2,392,672
75$3,758,626$303,499$0$2,564,092
76$4,077,703$254,067$0$2,761,223
77$4,427,299$200,187$0$2,977,548
78$4,810,466$141,578$0$3,214,774
79$5,230,560$77,942$0$3,475,042
80$5,691,281$8,965$0$3,760,711
81$6,196,702$0$0$4,074,384
82$6,751,310$0$0$4,437,725
83$7,360,049$0$0$4,839,396
84$8,028,363$0$0$5,280,433
85$8,762,249$0$0$5,764,798
86$9,568,313$0$0$6,296,861
87$10,453,834$0$0$6,881,431
88$11,426,829$0$0$7,523,810
89$12,496,130$0$0$8,229,837
90$13,671,469$0$0$9,005,944
91$14,963,566$0$0$9,859,219
92$16,384,230$0$0$10,797,470
93$17,946,476$0$0$11,829,299
94$19,664,639$0$0$12,964,186
95$21,554,515$0$0$14,212,573
96$23,633,507$0$0$15,585,965
97$25,920,789$0$0$17,097,040
98$28,437,490$0$0$18,759,766
99$31,206,886$0$0$20,589,533
100$34,254,627$0$0$22,603,299