Can I retire at age 51 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$53,263$52,789$52,326$51,874$51,433$50,812
2 years$26,368$25,877$25,401$24,940$24,492$23,866
3 years$17,404$16,911$16,436$15,979$15,539$14,929
4 years$12,923$12,431$11,961$11,512$11,082$10,492
5 years$10,235$9,746$9,282$8,842$8,425$7,857
6 years$8,444$7,959$7,502$7,071$6,666$6,121
7 years$7,165$6,684$6,234$5,814$5,421$4,899
8 years$6,206$5,729$5,287$4,877$4,498$3,998
9 years$5,460$4,988$4,554$4,154$3,788$3,310
10 years$4,864$4,397$3,970$3,581$3,227$2,772
11 years$4,377$3,914$3,495$3,116$2,775$2,342
12 years$3,971$3,513$3,102$2,734$2,405$1,993
13 years$3,628$3,175$2,771$2,413$2,097$1,706
14 years$3,334$2,886$2,490$2,142$1,839$1,467
15 years$3,080$2,636$2,248$1,911$1,619$1,267
16 years$2,858$2,419$2,038$1,711$1,431$1,098
17 years$2,662$2,228$1,855$1,537$1,269$955
18 years$2,488$2,058$1,693$1,385$1,128$832
19 years$2,332$1,908$1,550$1,252$1,005$726
20 years$2,192$1,773$1,422$1,134$898$635
21 years$2,066$1,651$1,308$1,029$804$556
22 years$1,951$1,541$1,206$935$720$488
23 years$1,847$1,442$1,113$852$647$429
24 years$1,751$1,351$1,030$777$581$377
25 years$1,663$1,268$954$710$523$332
26 years$1,582$1,191$885$649$471$292
27 years$1,507$1,121$821$594$425$257
28 years$1,438$1,056$764$544$383$227
29 years$1,373$997$711$499$346$200
30 years$1,313$941$662$458$313$177
31 years$1,257$890$617$421$283$156
32 years$1,204$842$576$387$256$138
33 years$1,155$797$538$355$231$122
34 years$1,109$756$502$327$210$108
35 years$1,065$717$470$301$190$95
36 years$1,024$680$439$277$172$84
37 years$986$646$411$255$156$74
38 years$949$614$385$235$141$66
39 years$915$584$361$217$128$58
40 years$882$556$338$200$116$52
41 years$851$529$317$185$105$46
42 years$821$504$297$171$96$40
43 years$793$480$279$157$87$36
44 years$766$457$262$145$79$32
45 years$741$436$246$134$72$28
46 years$717$416$231$124$65$25
47 years$693$397$217$115$59$22
48 years$671$379$204$106$54$19
49 years$650$362$192$98$49$17
50 years$630$346$180$90$44$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $645,000, adding $4,412 every year, while hoping to spend $21,545 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: 55/31/14 Blend
50$645,000$645,000$645,000$645,000
51$715,341$681,156$671,158$751,837
52$765,382$691,609$670,719$787,590
53$819,805$701,852$669,542$823,792
54$879,035$711,852$667,581$862,716
55$943,537$721,574$664,786$904,626
56$1,013,827$730,979$661,105$949,815
57$1,090,468$740,029$656,483$998,603
58$1,174,084$748,678$650,863$1,051,346
59$1,265,358$756,881$644,185$1,108,435
60$1,365,046$764,589$636,386$1,170,302
61$1,473,976$771,749$627,400$1,237,423
62$1,593,062$778,306$617,159$1,310,324
63$1,723,310$784,199$605,590$1,389,585
64$1,865,829$789,365$592,618$1,475,845
65$2,021,836$793,737$578,163$1,569,811
66$2,192,675$797,242$562,144$1,672,261
67$2,379,826$799,805$544,473$1,784,054
68$2,584,916$801,343$525,060$1,906,138
69$2,809,738$801,770$503,812$2,039,558
70$3,056,270$800,995$480,627$2,185,467
71$3,326,686$798,920$455,405$2,345,137
72$3,623,382$795,441$428,035$2,519,973
73$3,948,999$790,450$398,406$2,711,521
74$4,306,443$783,829$366,399$2,921,489
75$4,698,919$775,454$331,892$3,151,761
76$5,129,953$765,196$294,755$3,404,413
77$5,603,433$752,915$254,854$3,681,738
78$6,123,640$738,465$212,048$3,986,262
79$6,695,290$721,689$166,191$4,320,771
80$7,323,581$702,422$117,129$4,688,341
81$8,014,236$680,491$64,703$5,092,361
82$8,773,563$655,710$8,746$5,536,569
83$9,608,511$627,885$0$6,025,088
84$10,526,734$596,806$0$6,570,080
85$11,536,669$562,257$0$7,170,832
86$12,647,607$524,006$0$7,831,595
87$13,869,788$481,808$0$8,558,494
88$15,214,494$435,403$0$9,358,283
89$16,694,154$384,520$0$10,238,407
90$18,322,465$328,868$0$11,207,072
91$20,114,517$268,143$0$12,273,326
92$22,086,937$202,022$0$13,447,142
93$24,258,048$130,165$0$14,739,514
94$26,648,037$52,211$0$16,162,559
95$29,279,148$0$0$17,729,637
96$32,175,893$0$0$19,466,465
97$35,365,279$0$0$21,398,438
98$38,877,067$0$0$23,525,784
99$42,744,049$0$0$25,868,378
100$47,002,363$0$0$28,448,120