Can I retire at age 51 with 645,000?

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 $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%17.3%
1 years$53,263$52,789$52,326$51,874$51,433$49,907
2 years$26,368$25,877$25,401$24,940$24,492$22,967
3 years$17,404$16,911$16,436$15,979$15,539$14,062
4 years$12,923$12,431$11,961$11,512$11,082$9,666
5 years$10,235$9,746$9,282$8,842$8,425$7,073
6 years$8,444$7,959$7,502$7,071$6,666$5,380
7 years$7,165$6,684$6,234$5,814$5,421$4,200
8 years$6,206$5,729$5,287$4,877$4,498$3,341
9 years$5,460$4,988$4,554$4,154$3,788$2,695
10 years$4,864$4,397$3,970$3,581$3,227$2,196
11 years$4,377$3,914$3,495$3,116$2,775$1,804
12 years$3,971$3,513$3,102$2,734$2,405$1,492
13 years$3,628$3,175$2,771$2,413$2,097$1,241
14 years$3,334$2,886$2,490$2,142$1,839$1,036
15 years$3,080$2,636$2,248$1,911$1,619$868
16 years$2,858$2,419$2,038$1,711$1,431$729
17 years$2,662$2,228$1,855$1,537$1,269$614
18 years$2,488$2,058$1,693$1,385$1,128$518
19 years$2,332$1,908$1,550$1,252$1,005$438
20 years$2,192$1,773$1,422$1,134$898$370
21 years$2,066$1,651$1,308$1,029$804$314
22 years$1,951$1,541$1,206$935$720$266
23 years$1,847$1,442$1,113$852$647$226
24 years$1,751$1,351$1,030$777$581$192
25 years$1,663$1,268$954$710$523$163
26 years$1,582$1,191$885$649$471$138
27 years$1,507$1,121$821$594$425$118
28 years$1,438$1,056$764$544$383$100
29 years$1,373$997$711$499$346$85
30 years$1,313$941$662$458$313$73
31 years$1,257$890$617$421$283$62
32 years$1,204$842$576$387$256$53
33 years$1,155$797$538$355$231$45
34 years$1,109$756$502$327$210$38
35 years$1,065$717$470$301$190$33
36 years$1,024$680$439$277$172$28
37 years$986$646$411$255$156$24
38 years$949$614$385$235$141$20
39 years$915$584$361$217$128$17
40 years$882$556$338$200$116$15
41 years$851$529$317$185$105$12
42 years$821$504$297$171$96$11
43 years$793$480$279$157$87$9
44 years$766$457$262$145$79$8
45 years$741$436$246$134$72$7
46 years$717$416$231$124$65$6
47 years$693$397$217$115$59$5
48 years$671$379$204$106$54$4
49 years$650$362$192$98$49$3
50 years$630$346$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $645,000, adding $2,879 every year, while hoping to spend $39,705 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: 40/48/12 Blend
50$645,000$645,000$645,000$645,000
51$713,760$679,575$669,577$739,643
52$744,317$670,628$649,762$749,240
53$776,661$659,912$627,953$755,488
54$810,931$647,299$604,040$761,371
55$847,281$632,651$577,910$766,875
56$885,878$615,826$549,444$771,986
57$926,906$596,669$518,519$776,693
58$970,564$575,020$485,003$780,986
59$1,017,073$550,707$448,762$784,860
60$1,066,672$523,549$409,653$788,311
61$1,119,624$493,355$367,528$791,342
62$1,176,219$459,922$322,233$793,957
63$1,236,772$423,036$273,606$796,170
64$1,301,629$382,472$221,479$797,997
65$1,371,171$337,989$165,674$799,464
66$1,445,814$289,334$106,008$800,604
67$1,526,017$236,242$42,289$801,463
68$1,612,282$178,428$0$802,093
69$1,705,160$115,596$0$805,854
70$1,805,256$47,431$0$815,529
71$1,913,237$0$0$825,822
72$2,029,834$0$0$850,823
73$2,155,848$0$0$904,987
74$2,292,164$0$0$963,647
75$2,439,751$0$0$1,027,232
76$2,599,676$0$0$1,096,208
77$2,773,112$0$0$1,171,092
78$2,961,350$0$0$1,252,451
79$3,165,807$0$0$1,340,909
80$3,388,044$0$0$1,437,152
81$3,629,778$0$0$1,541,935
82$3,892,898$0$0$1,656,089
83$4,179,482$0$0$1,780,529
84$4,491,816$0$0$1,916,259
85$4,832,419$0$0$2,064,390
86$5,204,061$0$0$2,226,138
87$5,609,789$0$0$2,402,847
88$6,052,962$0$0$2,595,995
89$6,537,274$0$0$2,807,207
90$7,066,794$0$0$3,038,275
91$7,646,000$0$0$3,291,171
92$8,279,825$0$0$3,568,066
93$8,973,699$0$0$3,871,353
94$9,733,602$0$0$4,203,664
95$10,566,119$0$0$4,567,900
96$11,478,503$0$0$4,967,255
97$12,478,742$0$0$5,405,248
98$13,575,632$0$0$5,885,752
99$14,778,863$0$0$6,413,037
100$16,099,107$0$0$6,991,804