Can I retire at age 51 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$52,851$52,380$51,921$51,472$51,034$49,902
2 years$26,164$25,676$25,204$24,746$24,302$23,167
3 years$17,269$16,780$16,309$15,855$15,418$14,316
4 years$12,823$12,335$11,869$11,423$10,996$9,936
5 years$10,156$9,671$9,211$8,774$8,359$7,343
6 years$8,378$7,897$7,443$7,016$6,614$5,643
7 years$7,109$6,632$6,186$5,769$5,379$4,454
8 years$6,158$5,685$5,246$4,839$4,463$3,582
9 years$5,418$4,950$4,518$4,122$3,758$2,923
10 years$4,827$4,363$3,939$3,553$3,202$2,410
11 years$4,343$3,884$3,468$3,092$2,754$2,005
12 years$3,941$3,486$3,078$2,712$2,387$1,679
13 years$3,600$3,150$2,750$2,395$2,081$1,413
14 years$3,309$2,864$2,471$2,126$1,824$1,196
15 years$3,056$2,616$2,231$1,896$1,606$1,015
16 years$2,835$2,400$2,022$1,697$1,420$864
17 years$2,641$2,210$1,840$1,525$1,259$738
18 years$2,468$2,042$1,680$1,374$1,119$631
19 years$2,314$1,893$1,538$1,242$998$541
20 years$2,175$1,759$1,411$1,125$891$465
21 years$2,050$1,638$1,298$1,021$797$399
22 years$1,936$1,529$1,197$928$715$344
23 years$1,832$1,430$1,105$845$642$296
24 years$1,737$1,340$1,022$771$577$255
25 years$1,650$1,258$946$704$519$220
26 years$1,570$1,182$878$644$467$190
27 years$1,495$1,112$815$589$421$164
28 years$1,426$1,048$758$540$380$142
29 years$1,362$989$705$495$343$123
30 years$1,303$934$657$454$310$106
31 years$1,247$883$612$417$280$92
32 years$1,195$835$571$384$254$79
33 years$1,146$791$533$353$230$69
34 years$1,100$750$498$324$208$59
35 years$1,057$711$466$299$188$51
36 years$1,016$675$436$275$171$45
37 years$978$641$408$253$155$39
38 years$942$609$382$234$140$33
39 years$908$579$358$215$127$29
40 years$875$551$335$199$115$25
41 years$844$525$315$183$105$22
42 years$815$500$295$169$95$19
43 years$787$476$277$156$86$16
44 years$760$454$260$144$78$14
45 years$735$433$244$133$71$12
46 years$711$413$229$123$64$11
47 years$688$394$215$114$59$9
48 years$666$376$202$105$53$8
49 years$645$359$190$97$48$7
50 years$625$343$179$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $640,000, adding $2,220 every year, while hoping to spend $34,511 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: 52/40/8 Blend
50$640,000$640,000$640,000$640,000
51$707,570$673,650$663,730$742,834
52$743,023$669,939$649,245$763,334
53$780,935$664,890$633,119$781,694
54$821,521$658,401$615,259$800,842
55$865,016$650,362$595,571$820,858
56$911,679$640,661$573,953$841,835
57$961,791$629,175$550,302$863,875
58$1,015,664$615,775$524,507$887,093
59$1,073,639$600,325$496,456$911,618
60$1,136,091$582,681$466,027$937,594
61$1,203,430$562,690$433,097$965,183
62$1,276,109$540,191$397,534$994,565
63$1,354,623$515,012$359,203$1,025,941
64$1,439,519$486,972$317,961$1,059,537
65$1,531,397$455,880$273,659$1,095,604
66$1,630,915$421,533$226,142$1,134,422
67$1,738,798$383,718$175,248$1,176,302
68$1,855,843$342,209$120,807$1,221,594
69$1,982,927$296,765$62,642$1,270,684
70$2,121,014$247,135$569$1,324,004
71$2,271,165$193,052$0$1,382,034
72$2,434,546$134,233$0$1,450,914
73$2,612,441$70,382$0$1,526,047
74$2,806,262$1,183$0$1,608,062
75$3,017,565$0$0$1,697,712
76$3,248,061$0$0$1,828,266
77$3,499,632$0$0$1,971,387
78$3,774,352$0$0$2,127,741
79$4,074,503$0$0$2,298,633
80$4,402,597$0$0$2,485,503
81$4,761,400$0$0$2,689,935
82$5,153,958$0$0$2,913,672
83$5,583,624$0$0$3,158,636
84$6,054,091$0$0$3,426,940
85$6,569,424$0$0$3,720,915
86$7,134,103$0$0$4,043,124
87$7,753,059$0$0$4,396,393
88$8,431,724$0$0$4,783,833
89$9,176,080$0$0$5,208,870
90$9,992,717$0$0$5,675,280
91$10,888,892$0$0$6,187,219
92$11,872,599$0$0$6,749,267
93$12,952,645$0$0$7,366,470
94$14,138,731$0$0$8,044,383
95$15,441,543$0$0$8,789,129
96$16,872,852$0$0$9,607,453
97$18,445,627$0$0$10,506,783
98$20,174,155$0$0$11,495,305
99$22,074,176$0$0$12,582,036
100$24,163,030$0$0$13,776,911