Can I retire at age 51 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$53,429$52,953$52,488$52,035$51,593$51,160
2 years$26,450$25,957$25,480$25,017$24,568$24,132
3 years$17,458$16,963$16,487$16,029$15,587$15,161
4 years$12,963$12,470$11,998$11,548$11,117$10,705
5 years$10,267$9,777$9,311$8,870$8,451$8,053
6 years$8,470$7,983$7,525$7,093$6,687$6,304
7 years$7,187$6,704$6,253$5,832$5,438$5,071
8 years$6,225$5,747$5,303$4,892$4,511$4,159
9 years$5,477$5,004$4,568$4,167$3,799$3,462
10 years$4,879$4,410$3,982$3,592$3,237$2,915
11 years$4,391$3,926$3,506$3,126$2,784$2,477
12 years$3,984$3,524$3,111$2,742$2,413$2,120
13 years$3,639$3,185$2,780$2,421$2,104$1,825
14 years$3,345$2,895$2,498$2,149$1,844$1,579
15 years$3,090$2,645$2,255$1,916$1,624$1,372
16 years$2,866$2,426$2,045$1,716$1,435$1,197
17 years$2,670$2,235$1,860$1,542$1,272$1,047
18 years$2,495$2,065$1,698$1,389$1,131$918
19 years$2,339$1,914$1,555$1,255$1,008$806
20 years$2,199$1,778$1,427$1,137$901$710
21 years$2,072$1,656$1,312$1,032$806$626
22 years$1,957$1,546$1,210$938$723$553
23 years$1,852$1,446$1,117$855$649$489
24 years$1,756$1,355$1,033$779$583$433
25 years$1,668$1,271$957$712$525$384
26 years$1,587$1,195$887$651$473$340
27 years$1,512$1,125$824$596$426$302
28 years$1,442$1,060$766$546$384$268
29 years$1,377$1,000$713$501$347$238
30 years$1,317$944$664$459$314$212
31 years$1,261$893$619$422$284$189
32 years$1,208$845$577$388$257$168
33 years$1,159$800$539$357$232$149
34 years$1,112$758$504$328$210$133
35 years$1,069$719$471$302$190$119
36 years$1,028$682$441$278$172$106
37 years$989$648$412$256$156$94
38 years$952$616$386$236$142$84
39 years$917$586$362$218$129$75
40 years$885$557$339$201$117$67
41 years$853$530$318$185$106$59
42 years$824$505$298$171$96$53
43 years$796$481$280$158$87$47
44 years$769$459$263$146$79$42
45 years$743$438$247$135$72$38
46 years$719$417$232$124$65$34
47 years$696$398$218$115$59$30
48 years$673$380$205$106$54$27
49 years$652$363$192$98$49$24
50 years$632$347$181$91$44$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $647,000, adding $2,218 every year, while hoping to spend $41,626 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: 41/32/27 Blend
50$647,000$647,000$647,000$647,000
51$715,282$680,991$670,962$738,850
52$743,951$670,070$649,150$745,150
53$774,149$657,218$625,212$747,893
54$805,988$642,298$599,032$750,061
55$839,591$625,162$570,491$751,626
56$875,089$605,656$539,463$752,560
57$912,630$583,614$505,816$752,839
58$952,370$558,863$469,413$752,436
59$994,483$531,219$430,110$751,329
60$1,039,158$500,487$387,757$749,495
61$1,086,603$466,460$342,197$746,915
62$1,137,042$428,923$293,266$743,572
63$1,190,724$387,643$240,794$739,455
64$1,247,918$342,379$184,602$734,552
65$1,308,923$292,872$124,503$728,862
66$1,374,062$238,852$60,302$722,383
67$1,443,691$180,031$0$715,126
68$1,518,202$116,106$0$709,470
69$1,598,020$46,758$0$721,768
70$1,683,617$0$0$734,727
71$1,775,506$0$0$758,443
72$1,874,253$0$0$801,680
73$1,980,479$0$0$848,253
74$2,094,863$0$0$898,467
75$2,218,154$0$0$952,659
76$2,351,174$0$0$1,011,199
77$2,494,825$0$0$1,074,494
78$2,650,099$0$0$1,142,989
79$2,818,086$0$0$1,217,176
80$2,999,985$0$0$1,297,595
81$3,197,113$0$0$1,384,839
82$3,410,918$0$0$1,479,560
83$3,642,994$0$0$1,582,478
84$3,895,093$0$0$1,694,381
85$4,169,142$0$0$1,816,139
86$4,467,262$0$0$1,948,707
87$4,791,785$0$0$2,093,138
88$5,145,279$0$0$2,250,589
89$5,530,569$0$0$2,422,335
90$5,950,763$0$0$2,609,777
91$6,409,283$0$0$2,814,460
92$6,909,895$0$0$3,038,084
93$7,456,746$0$0$3,282,518
94$8,054,401$0$0$3,549,822
95$8,707,884$0$0$3,842,266
96$9,422,728$0$0$4,162,344
97$10,205,025$0$0$4,512,808
98$11,061,483$0$0$4,896,685
99$11,999,491$0$0$5,317,311
100$13,027,181$0$0$5,778,356