Can I retire at age 51 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$52,768$52,298$51,839$51,392$50,955$50,486
2 years$26,123$25,636$25,165$24,708$24,264$23,792
3 years$17,242$16,754$16,283$15,830$15,394$14,933
4 years$12,803$12,316$11,850$11,405$10,979$10,532
5 years$10,140$9,656$9,196$8,760$8,346$7,915
6 years$8,365$7,885$7,432$7,005$6,604$6,190
7 years$7,098$6,621$6,176$5,760$5,371$4,973
8 years$6,148$5,676$5,238$4,832$4,456$4,075
9 years$5,410$4,942$4,511$4,115$3,752$3,388
10 years$4,819$4,356$3,933$3,548$3,197$2,849
11 years$4,336$3,878$3,463$3,087$2,750$2,418
12 years$3,934$3,481$3,073$2,708$2,383$2,067
13 years$3,594$3,145$2,745$2,391$2,078$1,777
14 years$3,303$2,859$2,467$2,122$1,821$1,536
15 years$3,051$2,612$2,227$1,893$1,604$1,333
16 years$2,831$2,396$2,019$1,695$1,417$1,160
17 years$2,637$2,207$1,837$1,523$1,257$1,013
18 years$2,464$2,039$1,677$1,372$1,117$887
19 years$2,310$1,890$1,536$1,240$996$779
20 years$2,172$1,756$1,409$1,123$890$685
21 years$2,047$1,636$1,296$1,019$796$603
22 years$1,933$1,527$1,195$927$714$532
23 years$1,829$1,428$1,103$844$641$469
24 years$1,735$1,338$1,020$770$576$415
25 years$1,647$1,256$945$703$518$367
26 years$1,567$1,180$876$643$467$325
27 years$1,493$1,111$814$588$421$288
28 years$1,424$1,047$756$539$380$255
29 years$1,360$987$704$494$343$227
30 years$1,301$932$656$454$310$201
31 years$1,245$882$611$417$280$179
32 years$1,193$834$570$383$253$159
33 years$1,144$790$533$352$229$141
34 years$1,099$749$498$324$208$125
35 years$1,055$710$465$298$188$112
36 years$1,015$674$435$275$170$99
37 years$977$640$407$253$154$88
38 years$940$608$381$233$140$79
39 years$906$578$357$215$127$70
40 years$874$550$335$198$115$62
41 years$843$524$314$183$104$55
42 years$814$499$295$169$95$49
43 years$786$475$276$156$86$44
44 years$759$453$260$144$78$39
45 years$734$432$244$133$71$35
46 years$710$412$229$123$64$31
47 years$687$393$215$113$58$28
48 years$665$376$202$105$53$25
49 years$644$359$190$97$48$22
50 years$624$343$179$90$44$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $639,000, adding $3,171 every year, while hoping to spend $56,640 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: 68/18/14 Blend
50$639,000$639,000$639,000$639,000
51$707,449$673,582$663,677$753,076
52$719,344$646,323$625,646$756,605
53$730,554$615,830$584,442$753,444
54$740,950$581,885$539,900$748,542
55$750,386$544,256$491,846$741,722
56$758,701$502,700$440,099$732,792
57$765,715$456,959$384,469$721,540
58$771,228$406,760$324,758$707,737
59$775,017$351,815$260,761$691,131
60$776,834$291,819$192,261$671,448
61$776,402$226,450$119,034$648,388
62$773,418$155,368$40,844$621,625
63$767,540$78,215$0$590,800
64$758,393$0$0$561,886
65$745,558$0$0$536,086
66$728,573$0$0$522,646
67$706,925$0$0$505,690
68$680,047$0$0$484,790
69$647,309$0$0$459,476
70$608,015$0$0$429,225
71$561,395$0$0$393,459
72$506,599$0$0$351,539
73$442,683$0$0$302,758
74$368,607$0$0$246,336
75$283,220$0$0$181,408
76$185,248$0$0$107,022
77$73,288$0$0$22,121
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$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