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%13.3%
1 years$53,346$52,871$52,407$51,955$51,513$50,806
2 years$26,409$25,917$25,440$24,978$24,530$23,819
3 years$17,431$16,937$16,462$16,004$15,563$14,870
4 years$12,943$12,451$11,980$11,530$11,100$10,430
5 years$10,251$9,761$9,297$8,856$8,438$7,794
6 years$8,457$7,971$7,513$7,082$6,676$6,058
7 years$7,176$6,694$6,244$5,823$5,430$4,838
8 years$6,215$5,738$5,295$4,885$4,504$3,939
9 years$5,469$4,996$4,561$4,161$3,793$3,254
10 years$4,872$4,404$3,976$3,586$3,232$2,718
11 years$4,384$3,920$3,500$3,121$2,780$2,291
12 years$3,977$3,519$3,107$2,738$2,409$1,945
13 years$3,634$3,180$2,775$2,417$2,101$1,660
14 years$3,340$2,890$2,494$2,146$1,841$1,424
15 years$3,085$2,640$2,252$1,913$1,621$1,227
16 years$2,862$2,423$2,041$1,713$1,433$1,060
17 years$2,666$2,231$1,858$1,539$1,271$919
18 years$2,491$2,062$1,696$1,387$1,130$798
19 years$2,336$1,911$1,552$1,254$1,007$695
20 years$2,196$1,775$1,425$1,135$899$606
21 years$2,069$1,654$1,310$1,030$805$529
22 years$1,954$1,544$1,208$937$721$463
23 years$1,849$1,444$1,115$853$648$405
24 years$1,754$1,353$1,031$778$582$355
25 years$1,665$1,270$955$711$524$312
26 years$1,584$1,193$886$650$472$274
27 years$1,509$1,123$823$595$425$240
28 years$1,440$1,058$765$545$384$211
29 years$1,375$998$712$500$347$186
30 years$1,315$943$663$459$313$163
31 years$1,259$891$618$421$283$144
32 years$1,206$843$577$387$256$127
33 years$1,157$799$538$356$232$112
34 years$1,111$757$503$328$210$98
35 years$1,067$718$470$302$190$87
36 years$1,026$681$440$278$172$76
37 years$987$647$412$256$156$67
38 years$951$615$386$236$142$59
39 years$916$585$361$217$128$52
40 years$883$556$339$201$116$46
41 years$852$530$318$185$106$41
42 years$822$504$298$171$96$36
43 years$794$481$279$158$87$32
44 years$768$458$262$146$79$28
45 years$742$437$246$134$72$25
46 years$718$417$231$124$65$22
47 years$694$398$217$115$59$19
48 years$672$380$204$106$54$17
49 years$651$363$192$98$49$15
50 years$631$346$181$91$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $646,000, adding $4,923 every year, while hoping to spend $56,484 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: 45/26/29 Blend
50$646,000$646,000$646,000$646,000
51$716,970$682,732$672,719$743,031
52$730,002$656,087$635,157$735,424
53$742,471$626,244$594,443$721,394
54$754,259$592,986$550,412$705,106
55$765,235$556,083$502,892$686,379
56$775,252$515,295$451,703$665,022
57$784,148$470,365$396,656$640,827
58$791,741$421,023$337,553$613,572
59$797,829$366,983$274,191$583,017
60$802,185$307,942$206,354$548,904
61$804,559$243,583$133,818$510,953
62$804,672$173,567$56,349$468,866
63$802,216$97,539$0$422,319
64$796,846$15,122$0$379,107
65$788,183$0$0$349,846
66$775,802$0$0$337,952
67$759,236$0$0$328,264
68$737,965$0$0$316,196
69$711,416$0$0$301,463
70$678,951$0$0$283,747
71$639,866$0$0$262,697
72$593,382$0$0$237,925
73$538,637$0$0$209,002
74$474,677$0$0$175,454
75$400,447$0$0$136,755
76$314,782$0$0$92,327
77$216,395$0$0$41,528
78$103,861$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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