Can I retire at age 51 with 642,000?

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 $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%12.7%
1 years$53,016$52,544$52,083$51,633$51,194$50,617
2 years$26,245$25,757$25,283$24,824$24,378$23,797
3 years$17,323$16,832$16,360$15,905$15,466$14,900
4 years$12,863$12,373$11,906$11,458$11,031$10,483
5 years$10,187$9,701$9,239$8,801$8,385$7,858
6 years$8,404$7,922$7,467$7,038$6,635$6,128
7 years$7,131$6,653$6,205$5,787$5,396$4,910
8 years$6,177$5,702$5,262$4,854$4,477$4,011
9 years$5,435$4,965$4,532$4,135$3,770$3,326
10 years$4,842$4,376$3,951$3,564$3,212$2,788
11 years$4,357$3,896$3,479$3,102$2,763$2,359
12 years$3,953$3,497$3,087$2,721$2,394$2,010
13 years$3,611$3,160$2,758$2,402$2,088$1,723
14 years$3,319$2,873$2,478$2,132$1,830$1,484
15 years$3,066$2,624$2,238$1,902$1,611$1,283
16 years$2,844$2,408$2,029$1,703$1,424$1,114
17 years$2,649$2,217$1,846$1,530$1,263$969
18 years$2,476$2,049$1,685$1,379$1,123$846
19 years$2,321$1,899$1,543$1,246$1,001$739
20 years$2,182$1,765$1,416$1,128$894$648
21 years$2,056$1,644$1,302$1,024$800$568
22 years$1,942$1,534$1,200$931$717$499
23 years$1,838$1,435$1,108$848$644$439
24 years$1,743$1,344$1,025$773$578$387
25 years$1,655$1,262$949$706$521$341
26 years$1,575$1,186$880$646$469$301
27 years$1,500$1,116$818$591$423$265
28 years$1,431$1,052$760$542$381$234
29 years$1,367$992$707$497$344$207
30 years$1,307$937$659$456$311$183
31 years$1,251$886$614$419$281$162
32 years$1,199$838$573$385$255$143
33 years$1,150$794$535$354$230$127
34 years$1,104$752$500$326$209$112
35 years$1,060$713$467$300$189$99
36 years$1,020$677$437$276$171$88
37 years$981$643$409$254$155$78
38 years$945$611$383$234$141$69
39 years$910$581$359$216$128$61
40 years$878$553$337$199$116$54
41 years$847$526$316$184$105$48
42 years$817$501$296$170$95$43
43 years$789$478$278$157$86$38
44 years$763$455$261$145$78$34
45 years$737$434$245$134$71$30
46 years$713$414$230$123$65$26
47 years$690$395$216$114$59$23
48 years$668$377$203$105$53$21
49 years$647$360$191$97$48$18
50 years$627$344$179$90$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $642,000, adding $4,628 every year, while hoping to spend $50,108 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: 45/38/17 Blend
50$642,000$642,000$642,000$642,000
51$712,258$678,232$668,281$740,644
52$731,594$658,151$637,354$740,873
53$751,222$635,406$603,711$735,747
54$771,121$609,815$567,209$729,122
55$791,262$581,183$527,698$720,880
56$811,614$549,304$485,019$710,896
57$832,141$513,963$439,010$699,038
58$852,801$474,928$389,498$685,162
59$873,545$431,958$336,305$669,116
60$894,319$384,796$279,243$650,739
61$915,059$333,171$218,117$629,857
62$935,694$276,795$152,723$606,284
63$956,145$215,368$82,849$579,824
64$976,318$148,568$8,271$550,263
65$996,113$76,058$0$517,377
66$1,015,414$0$0$493,859
67$1,034,091$0$0$470,010
68$1,051,999$0$0$477,542
69$1,068,975$0$0$484,570
70$1,084,837$0$0$491,002
71$1,099,382$0$0$496,735
72$1,112,383$0$0$501,656
73$1,123,588$0$0$505,639
74$1,132,714$0$0$508,541
75$1,139,448$0$0$510,205
76$1,143,443$0$0$510,458
77$1,144,309$0$0$509,106
78$1,141,617$0$0$505,933
79$1,134,889$0$0$500,700
80$1,123,595$0$0$493,144
81$1,107,147$0$0$482,970
82$1,084,893$0$0$469,853
83$1,056,111$0$0$453,433
84$1,020,000$0$0$433,311
85$975,676$0$0$409,047
86$922,157$0$0$380,151
87$858,358$0$0$346,083
88$783,079$0$0$306,246
89$694,993$0$0$259,978
90$592,631$0$0$206,550
91$474,370$0$0$145,153
92$338,418$0$0$74,897
93$182,792$0$0$0
94$5,303$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