Can I retire at age 51 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$53,098$52,625$52,164$51,714$51,274$50,507
2 years$26,286$25,797$25,322$24,862$24,416$23,646
3 years$17,350$16,858$16,385$15,929$15,491$14,740
4 years$12,883$12,393$11,924$11,476$11,048$10,323
5 years$10,203$9,716$9,254$8,815$8,399$7,702
6 years$8,417$7,934$7,478$7,049$6,645$5,977
7 years$7,142$6,663$6,215$5,796$5,405$4,765
8 years$6,186$5,711$5,270$4,862$4,484$3,873
9 years$5,443$4,973$4,539$4,141$3,776$3,194
10 years$4,849$4,383$3,958$3,570$3,217$2,663
11 years$4,364$3,902$3,484$3,107$2,767$2,240
12 years$3,959$3,502$3,092$2,725$2,398$1,898
13 years$3,617$3,165$2,763$2,406$2,091$1,617
14 years$3,324$2,877$2,482$2,136$1,833$1,385
15 years$3,070$2,628$2,241$1,905$1,614$1,190
16 years$2,849$2,411$2,032$1,705$1,426$1,026
17 years$2,653$2,221$1,849$1,532$1,265$888
18 years$2,480$2,052$1,688$1,381$1,124$769
19 years$2,325$1,902$1,545$1,248$1,002$668
20 years$2,185$1,767$1,418$1,130$895$582
21 years$2,059$1,646$1,304$1,026$801$507
22 years$1,945$1,537$1,202$933$718$442
23 years$1,841$1,437$1,110$849$645$386
24 years$1,745$1,347$1,027$775$579$338
25 years$1,658$1,264$951$707$521$296
26 years$1,577$1,188$882$647$470$259
27 years$1,502$1,118$819$592$423$227
28 years$1,433$1,053$761$542$382$199
29 years$1,369$994$708$497$345$175
30 years$1,309$938$660$456$312$153
31 years$1,253$887$615$419$282$134
32 years$1,201$839$574$385$255$118
33 years$1,152$795$536$354$231$104
34 years$1,105$753$501$326$209$91
35 years$1,062$715$468$300$189$80
36 years$1,021$678$438$276$171$70
37 years$983$644$410$255$155$62
38 years$946$612$384$235$141$54
39 years$912$582$360$216$128$48
40 years$879$554$337$200$116$42
41 years$848$527$316$184$105$37
42 years$819$502$296$170$95$33
43 years$791$478$278$157$87$29
44 years$764$456$261$145$79$25
45 years$739$435$245$134$71$22
46 years$714$415$230$124$65$20
47 years$691$396$216$114$59$17
48 years$669$378$203$106$53$15
49 years$648$361$191$98$49$13
50 years$628$345$180$90$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $643,000, adding $5,878 every year, while hoping to spend $45,510 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: 43/50/7 Blend
50$643,000$643,000$643,000$643,000
51$714,649$680,570$670,604$743,689
52$739,121$665,496$644,647$749,353
53$764,564$648,158$616,295$750,372
54$791,028$628,396$585,420$750,426
55$818,569$606,044$551,887$749,441
56$847,246$580,922$515,558$747,343
57$877,120$552,843$476,284$744,053
58$908,261$521,606$433,914$739,486
59$940,740$487,002$388,287$733,556
60$974,637$448,807$339,236$726,171
61$1,010,037$406,785$286,588$717,234
62$1,047,032$360,688$230,159$706,647
63$1,085,720$310,253$169,760$694,304
64$1,126,208$255,200$105,192$680,095
65$1,168,614$195,237$36,248$663,907
66$1,213,062$130,053$0$645,622
67$1,259,689$59,321$0$627,903
68$1,308,643$0$0$610,906
69$1,360,085$0$0$601,326
70$1,414,190$0$0$625,604
71$1,471,148$0$0$651,192
72$1,531,166$0$0$678,186
73$1,594,470$0$0$706,690
74$1,661,306$0$0$736,822
75$1,731,941$0$0$768,705
76$1,806,667$0$0$802,477
77$1,885,805$0$0$838,288
78$1,969,704$0$0$876,302
79$2,058,743$0$0$916,697
80$2,153,341$0$0$959,669
81$2,253,953$0$0$1,005,432
82$2,361,077$0$0$1,054,221
83$2,475,261$0$0$1,106,294
84$2,597,102$0$0$1,161,930
85$2,727,256$0$0$1,221,440
86$2,866,442$0$0$1,285,161
87$3,015,445$0$0$1,353,464
88$3,175,131$0$0$1,426,757
89$3,346,446$0$0$1,505,485
90$3,530,430$0$0$1,590,140
91$3,728,224$0$0$1,681,259
92$3,941,080$0$0$1,779,432
93$4,170,374$0$0$1,885,311
94$4,417,615$0$0$1,999,607
95$4,684,464$0$0$2,123,103
96$4,972,744$0$0$2,256,662
97$5,284,457$0$0$2,401,229
98$5,621,807$0$0$2,557,846
99$5,987,214$0$0$2,727,655
100$6,383,341$0$0$2,911,916