Can I retire at age 51 with 640,000?

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 $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%12.2%
1 years$52,851$52,380$51,921$51,472$51,034$50,565
2 years$26,164$25,676$25,204$24,746$24,302$23,829
3 years$17,269$16,780$16,309$15,855$15,418$14,956
4 years$12,823$12,335$11,869$11,423$10,996$10,549
5 years$10,156$9,671$9,211$8,774$8,359$7,928
6 years$8,378$7,897$7,443$7,016$6,614$6,199
7 years$7,109$6,632$6,186$5,769$5,379$4,981
8 years$6,158$5,685$5,246$4,839$4,463$4,081
9 years$5,418$4,950$4,518$4,122$3,758$3,393
10 years$4,827$4,363$3,939$3,553$3,202$2,854
11 years$4,343$3,884$3,468$3,092$2,754$2,422
12 years$3,941$3,486$3,078$2,712$2,387$2,070
13 years$3,600$3,150$2,750$2,395$2,081$1,780
14 years$3,309$2,864$2,471$2,126$1,824$1,538
15 years$3,056$2,616$2,231$1,896$1,606$1,335
16 years$2,835$2,400$2,022$1,697$1,420$1,162
17 years$2,641$2,210$1,840$1,525$1,259$1,015
18 years$2,468$2,042$1,680$1,374$1,119$889
19 years$2,314$1,893$1,538$1,242$998$780
20 years$2,175$1,759$1,411$1,125$891$686
21 years$2,050$1,638$1,298$1,021$797$604
22 years$1,936$1,529$1,197$928$715$533
23 years$1,832$1,430$1,105$845$642$470
24 years$1,737$1,340$1,022$771$577$416
25 years$1,650$1,258$946$704$519$368
26 years$1,570$1,182$878$644$467$326
27 years$1,495$1,112$815$589$421$289
28 years$1,426$1,048$758$540$380$256
29 years$1,362$989$705$495$343$227
30 years$1,303$934$657$454$310$202
31 years$1,247$883$612$417$280$179
32 years$1,195$835$571$384$254$159
33 years$1,146$791$533$353$230$141
34 years$1,100$750$498$324$208$126
35 years$1,057$711$466$299$188$112
36 years$1,016$675$436$275$171$99
37 years$978$641$408$253$155$88
38 years$942$609$382$234$140$79
39 years$908$579$358$215$127$70
40 years$875$551$335$199$115$62
41 years$844$525$315$183$105$56
42 years$815$500$295$169$95$49
43 years$787$476$277$156$86$44
44 years$760$454$260$144$78$39
45 years$735$433$244$133$71$35
46 years$711$413$229$123$64$31
47 years$688$394$215$114$59$28
48 years$666$376$202$105$53$25
49 years$645$359$190$97$48$22
50 years$625$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 $640,000, adding $6,345 every year, while hoping to spend $32,024 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: 51/27/22 Blend
50$640,000$640,000$640,000$640,000
51$711,825$677,905$667,985$743,467
52$750,358$677,049$656,289$765,171
53$791,748$675,078$643,128$784,961
54$836,252$671,903$628,419$805,810
55$884,154$667,430$612,076$827,832
56$935,764$661,561$594,006$851,153
57$991,423$654,188$574,117$875,912
58$1,051,507$645,202$552,308$902,267
59$1,116,425$634,482$528,475$930,391
60$1,186,632$621,903$502,511$960,480
61$1,262,625$607,332$474,301$992,748
62$1,344,949$590,628$443,727$1,027,436
63$1,434,208$571,643$410,665$1,064,813
64$1,531,061$550,217$374,986$1,105,175
65$1,636,236$526,184$336,555$1,148,854
66$1,750,532$499,367$295,230$1,196,216
67$1,874,830$469,580$250,863$1,247,670
68$2,010,097$436,624$203,302$1,303,668
69$2,157,398$400,290$152,384$1,364,715
70$2,317,905$360,357$97,942$1,431,366
71$2,492,909$316,591$39,800$1,504,243
72$2,683,828$268,747$0$1,584,030
73$2,892,225$216,562$0$1,676,712
74$3,119,820$159,762$0$1,788,219
75$3,368,506$98,054$0$1,910,179
76$3,640,368$31,133$0$2,043,678
77$3,937,701$0$0$2,189,912
78$4,263,030$0$0$2,362,483
79$4,619,140$0$0$2,561,571
80$5,009,093$0$0$2,779,647
81$5,436,263$0$0$3,018,605
82$5,904,366$0$0$3,280,532
83$6,417,495$0$0$3,567,729
84$6,980,155$0$0$3,882,726
85$7,597,311$0$0$4,228,312
86$8,274,430$0$0$4,607,558
87$9,017,535$0$0$5,023,848
88$9,833,258$0$0$5,480,909
89$10,728,907$0$0$5,982,846
90$11,712,530$0$0$6,534,181
91$12,792,996$0$0$7,139,897
92$13,980,071$0$0$7,805,481
93$15,284,517$0$0$8,536,980
94$16,718,188$0$0$9,341,056
95$18,294,146$0$0$10,225,046
96$20,026,778$0$0$11,197,036
97$21,931,937$0$0$12,265,934
98$24,027,090$0$0$13,441,553
99$26,331,478$0$0$14,734,708
100$28,866,302$0$0$16,157,310