Can I retire at age 51 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$53,346$52,871$52,407$51,955$51,513$49,904
2 years$26,409$25,917$25,440$24,978$24,530$22,923
3 years$17,431$16,937$16,462$16,004$15,563$14,009
4 years$12,943$12,451$11,980$11,530$11,100$9,610
5 years$10,251$9,761$9,297$8,856$8,438$7,017
6 years$8,457$7,971$7,513$7,082$6,676$5,325
7 years$7,176$6,694$6,244$5,823$5,430$4,148
8 years$6,215$5,738$5,295$4,885$4,504$3,292
9 years$5,469$4,996$4,561$4,161$3,793$2,649
10 years$4,872$4,404$3,976$3,586$3,232$2,153
11 years$4,384$3,920$3,500$3,121$2,780$1,765
12 years$3,977$3,519$3,107$2,738$2,409$1,456
13 years$3,634$3,180$2,775$2,417$2,101$1,207
14 years$3,340$2,890$2,494$2,146$1,841$1,005
15 years$3,085$2,640$2,252$1,913$1,621$839
16 years$2,862$2,423$2,041$1,713$1,433$703
17 years$2,666$2,231$1,858$1,539$1,271$590
18 years$2,491$2,062$1,696$1,387$1,130$496
19 years$2,336$1,911$1,552$1,254$1,007$418
20 years$2,196$1,775$1,425$1,135$899$353
21 years$2,069$1,654$1,310$1,030$805$298
22 years$1,954$1,544$1,208$937$721$252
23 years$1,849$1,444$1,115$853$648$213
24 years$1,754$1,353$1,031$778$582$180
25 years$1,665$1,270$955$711$524$153
26 years$1,584$1,193$886$650$472$129
27 years$1,509$1,123$823$595$425$110
28 years$1,440$1,058$765$545$384$93
29 years$1,375$998$712$500$347$79
30 years$1,315$943$663$459$313$67
31 years$1,259$891$618$421$283$57
32 years$1,206$843$577$387$256$48
33 years$1,157$799$538$356$232$41
34 years$1,111$757$503$328$210$35
35 years$1,067$718$470$302$190$30
36 years$1,026$681$440$278$172$25
37 years$987$647$412$256$156$21
38 years$951$615$386$236$142$18
39 years$916$585$361$217$128$15
40 years$883$556$339$201$116$13
41 years$852$530$318$185$106$11
42 years$822$504$298$171$96$9
43 years$794$481$279$158$87$8
44 years$768$458$262$146$79$7
45 years$742$437$246$134$72$6
46 years$718$417$231$124$65$5
47 years$694$398$217$115$59$4
48 years$672$380$204$106$54$4
49 years$651$363$192$98$49$3
50 years$631$346$181$91$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $646,000, adding $4,571 every year, while hoping to spend $26,066 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: 37/36/27 Blend
50$646,000$646,000$646,000$646,000
51$716,607$682,369$672,356$737,193
52$761,967$688,071$667,146$758,478
53$811,080$693,179$660,888$778,742
54$864,301$697,636$653,519$800,128
55$922,022$701,382$644,973$822,752
56$984,671$704,352$635,183$846,749
57$1,052,721$706,479$624,075$872,263
58$1,126,692$707,691$611,575$899,459
59$1,207,156$707,909$597,605$928,519
60$1,294,742$707,052$582,080$959,646
61$1,390,142$705,034$564,916$993,065
62$1,494,118$701,762$546,022$1,029,027
63$1,607,508$697,139$525,304$1,067,810
64$1,731,236$691,060$502,663$1,109,724
65$1,866,315$683,416$477,996$1,155,113
66$2,013,866$674,090$451,196$1,204,359
67$2,175,118$662,958$422,148$1,257,885
68$2,351,427$649,889$390,737$1,316,163
69$2,544,284$634,745$356,838$1,379,713
70$2,755,332$617,380$320,324$1,449,114
71$2,986,381$597,636$281,060$1,525,007
72$3,239,422$575,350$238,905$1,608,105
73$3,516,648$550,348$193,714$1,699,193
74$3,820,476$522,445$145,333$1,799,147
75$4,153,566$491,446$93,603$1,908,931
76$4,518,849$457,145$38,358$2,029,616
77$4,919,551$419,325$0$2,162,389
78$5,359,228$377,755$0$2,314,495
79$5,841,795$332,191$0$2,493,630
80$6,371,566$282,375$0$2,690,394
81$6,953,291$228,038$0$2,906,619
82$7,592,205$168,890$0$3,144,333
83$8,294,073$104,628$0$3,405,769
84$9,065,247$34,933$0$3,693,398
85$9,912,723$0$0$4,009,942
86$10,844,211$0$0$4,374,469
87$11,868,203$0$0$4,790,506
88$12,994,055$0$0$5,248,029
89$14,232,077$0$0$5,751,240
90$15,593,624$0$0$6,304,767
91$17,091,210$0$0$6,913,711
92$18,738,621$0$0$7,583,692
93$20,551,048$0$0$8,320,902
94$22,545,227$0$0$9,132,163
95$24,739,598$0$0$10,024,993
96$27,154,479$0$0$11,007,673
97$29,812,259$0$0$12,089,331
98$32,737,606$0$0$13,280,023
99$35,957,699$0$0$14,590,829
100$39,502,489$0$0$16,033,959