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%19.2%
1 years$53,429$52,953$52,488$52,035$51,593$49,683
2 years$26,450$25,957$25,480$25,017$24,568$22,666
3 years$17,458$16,963$16,487$16,029$15,587$13,752
4 years$12,963$12,470$11,998$11,548$11,117$9,363
5 years$10,267$9,777$9,311$8,870$8,451$6,782
6 years$8,470$7,983$7,525$7,093$6,687$5,105
7 years$7,187$6,704$6,253$5,832$5,438$3,943
8 years$6,225$5,747$5,303$4,892$4,511$3,101
9 years$5,477$5,004$4,568$4,167$3,799$2,472
10 years$4,879$4,410$3,982$3,592$3,237$1,991
11 years$4,391$3,926$3,506$3,126$2,784$1,616
12 years$3,984$3,524$3,111$2,742$2,413$1,320
13 years$3,639$3,185$2,780$2,421$2,104$1,083
14 years$3,345$2,895$2,498$2,149$1,844$892
15 years$3,090$2,645$2,255$1,916$1,624$737
16 years$2,866$2,426$2,045$1,716$1,435$611
17 years$2,670$2,235$1,860$1,542$1,272$507
18 years$2,495$2,065$1,698$1,389$1,131$422
19 years$2,339$1,914$1,555$1,255$1,008$352
20 years$2,199$1,778$1,427$1,137$901$293
21 years$2,072$1,656$1,312$1,032$806$245
22 years$1,957$1,546$1,210$938$723$204
23 years$1,852$1,446$1,117$855$649$171
24 years$1,756$1,355$1,033$779$583$143
25 years$1,668$1,271$957$712$525$120
26 years$1,587$1,195$887$651$473$100
27 years$1,512$1,125$824$596$426$84
28 years$1,442$1,060$766$546$384$70
29 years$1,377$1,000$713$501$347$59
30 years$1,317$944$664$459$314$49
31 years$1,261$893$619$422$284$41
32 years$1,208$845$577$388$257$35
33 years$1,159$800$539$357$232$29
34 years$1,112$758$504$328$210$24
35 years$1,069$719$471$302$190$20
36 years$1,028$682$441$278$172$17
37 years$989$648$412$256$156$14
38 years$952$616$386$236$142$12
39 years$917$586$362$218$129$10
40 years$885$557$339$201$117$8
41 years$853$530$318$185$106$7
42 years$824$505$298$171$96$6
43 years$796$481$280$158$87$5
44 years$769$459$263$146$79$4
45 years$743$438$247$135$72$4
46 years$719$417$232$124$65$3
47 years$696$398$218$115$59$2
48 years$673$380$205$106$54$2
49 years$652$363$192$98$49$2
50 years$632$347$181$91$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $647,000, adding $5,956 every year, while hoping to spend $38,838 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: 51/21/28 Blend
50$647,000$647,000$647,000$647,000
51$719,138$684,847$674,818$749,873
52$751,166$677,081$656,101$764,150
53$785,160$667,633$635,456$775,293
54$821,279$656,379$612,776$786,646
55$859,697$643,189$587,951$798,247
56$900,604$627,924$560,866$810,140
57$944,211$610,437$531,400$822,375
58$990,746$590,574$499,427$835,009
59$1,040,459$568,169$464,815$848,110
60$1,093,626$543,049$427,426$861,753
61$1,150,547$515,030$387,117$876,027
62$1,211,554$483,917$343,736$891,030
63$1,277,008$449,505$297,127$906,875
64$1,347,308$411,576$247,125$923,691
65$1,422,889$369,899$193,560$941,624
66$1,504,232$324,233$136,253$960,836
67$1,591,863$274,319$75,016$981,514
68$1,686,359$219,887$9,655$1,003,866
69$1,788,356$160,649$0$1,028,128
70$1,898,551$96,303$0$1,072,517
71$2,017,711$26,530$0$1,123,622
72$2,146,678$0$0$1,178,953
73$2,286,380$0$0$1,250,278
74$2,437,835$0$0$1,334,305
75$2,602,164$0$0$1,425,533
76$2,780,597$0$0$1,524,652
77$2,974,490$0$0$1,632,424
78$3,185,334$0$0$1,749,685
79$3,414,769$0$0$1,877,355
80$3,664,598$0$0$2,016,447
81$3,936,808$0$0$2,168,076
82$4,233,584$0$0$2,333,468
83$4,557,331$0$0$2,513,975
84$4,910,695$0$0$2,711,081
85$5,296,591$0$0$2,926,424
86$5,718,225$0$0$3,161,805
87$6,179,130$0$0$3,419,206
88$6,683,193$0$0$3,700,812
89$7,234,695$0$0$4,009,026
90$7,838,350$0$0$4,346,495
91$8,499,347$0$0$4,716,136
92$9,223,402$0$0$5,121,159
93$10,016,811$0$0$5,565,099
94$10,886,505$0$0$6,051,851
95$11,840,119$0$0$6,585,704
96$12,886,062$0$0$7,171,382
97$14,033,596$0$0$7,814,087
98$15,292,923$0$0$8,519,553
99$16,675,281$0$0$9,294,091
100$18,193,047$0$0$10,144,656