Can I retire at age 51 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$53,016$52,544$52,083$51,633$51,194$50,935
2 years$26,245$25,757$25,283$24,824$24,378$24,117
3 years$17,323$16,832$16,360$15,905$15,466$15,211
4 years$12,863$12,373$11,906$11,458$11,031$10,783
5 years$10,187$9,701$9,239$8,801$8,385$8,146
6 years$8,404$7,922$7,467$7,038$6,635$6,405
7 years$7,131$6,653$6,205$5,787$5,396$5,174
8 years$6,177$5,702$5,262$4,854$4,477$4,264
9 years$5,435$4,965$4,532$4,135$3,770$3,566
10 years$4,842$4,376$3,951$3,564$3,212$3,017
11 years$4,357$3,896$3,479$3,102$2,763$2,576
12 years$3,953$3,497$3,087$2,721$2,394$2,216
13 years$3,611$3,160$2,758$2,402$2,088$1,917
14 years$3,319$2,873$2,478$2,132$1,830$1,668
15 years$3,066$2,624$2,238$1,902$1,611$1,457
16 years$2,844$2,408$2,029$1,703$1,424$1,277
17 years$2,649$2,217$1,846$1,530$1,263$1,123
18 years$2,476$2,049$1,685$1,379$1,123$991
19 years$2,321$1,899$1,543$1,246$1,001$875
20 years$2,182$1,765$1,416$1,128$894$775
21 years$2,056$1,644$1,302$1,024$800$688
22 years$1,942$1,534$1,200$931$717$611
23 years$1,838$1,435$1,108$848$644$544
24 years$1,743$1,344$1,025$773$578$484
25 years$1,655$1,262$949$706$521$432
26 years$1,575$1,186$880$646$469$385
27 years$1,500$1,116$818$591$423$344
28 years$1,431$1,052$760$542$381$308
29 years$1,367$992$707$497$344$275
30 years$1,307$937$659$456$311$246
31 years$1,251$886$614$419$281$221
32 years$1,199$838$573$385$255$198
33 years$1,150$794$535$354$230$177
34 years$1,104$752$500$326$209$159
35 years$1,060$713$467$300$189$142
36 years$1,020$677$437$276$171$128
37 years$981$643$409$254$155$115
38 years$945$611$383$234$141$103
39 years$910$581$359$216$128$92
40 years$878$553$337$199$116$83
41 years$847$526$316$184$105$74
42 years$817$501$296$170$95$67
43 years$789$478$278$157$86$60
44 years$763$455$261$145$78$54
45 years$737$434$245$134$71$48
46 years$713$414$230$123$65$44
47 years$690$395$216$114$59$39
48 years$668$377$203$105$53$35
49 years$647$360$191$97$48$32
50 years$627$344$179$90$44$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $642,000, adding $4,931 every year, while hoping to spend $42,684 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: 60/22/18 Blend
50$642,000$642,000$642,000$642,000
51$712,570$678,544$668,593$751,728
52$739,837$666,378$645,576$766,606
53$768,454$652,184$620,357$777,672
54$798,515$635,819$592,817$788,764
55$830,120$617,131$562,832$799,889
56$863,378$595,956$530,273$811,058
57$898,409$572,125$495,004$822,286
58$935,343$545,455$456,883$833,590
59$974,321$515,755$415,761$844,993
60$1,015,497$482,822$371,484$856,520
61$1,059,040$446,442$323,891$868,204
62$1,105,132$406,389$272,812$880,082
63$1,153,976$362,422$218,071$892,200
64$1,205,789$314,288$159,485$904,608
65$1,260,812$261,721$96,859$917,370
66$1,319,306$204,436$29,995$930,554
67$1,381,558$142,136$0$944,243
68$1,447,881$74,506$0$966,476
69$1,518,620$1,211$0$996,080
70$1,594,150$0$0$1,027,455
71$1,674,885$0$0$1,079,697
72$1,761,275$0$0$1,135,944
73$1,853,818$0$0$1,196,232
74$1,953,055$0$0$1,260,918
75$2,059,585$0$0$1,330,397
76$2,174,061$0$0$1,405,099
77$2,297,202$0$0$1,485,500
78$2,429,797$0$0$1,572,119
79$2,572,713$0$0$1,665,530
80$2,726,901$0$0$1,766,359
81$2,893,407$0$0$1,875,298
82$3,073,380$0$0$1,993,105
83$3,268,083$0$0$2,120,613
84$3,478,904$0$0$2,258,741
85$3,707,370$0$0$2,408,494
86$3,955,158$0$0$2,570,983
87$4,224,113$0$0$2,747,425
88$4,516,267$0$0$2,939,162
89$4,833,850$0$0$3,147,668
90$5,179,321$0$0$3,374,566
91$5,555,380$0$0$3,621,642
92$5,965,003$0$0$3,890,859
93$6,411,460$0$0$4,184,381
94$6,898,354$0$0$4,504,587
95$7,429,648$0$0$4,854,095
96$8,009,706$0$0$5,235,790
97$8,643,330$0$0$5,652,845
98$9,335,808$0$0$6,108,755
99$10,092,960$0$0$6,607,365
100$10,921,196$0$0$7,152,913