Can I retire at age 51 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$53,511$53,035$52,570$52,116$51,672$51,133
2 years$26,491$25,997$25,519$25,056$24,606$24,062
3 years$17,485$16,990$16,513$16,053$15,611$15,081
4 years$12,983$12,489$12,017$11,566$11,134$10,621
5 years$10,283$9,792$9,326$8,883$8,464$7,969
6 years$8,483$7,996$7,537$7,104$6,697$6,222
7 years$7,198$6,715$6,263$5,841$5,447$4,991
8 years$6,235$5,756$5,311$4,900$4,518$4,082
9 years$5,486$5,011$4,575$4,173$3,805$3,388
10 years$4,887$4,417$3,988$3,598$3,242$2,844
11 years$4,397$3,932$3,511$3,131$2,788$2,409
12 years$3,990$3,530$3,116$2,746$2,416$2,055
13 years$3,645$3,190$2,784$2,425$2,107$1,764
14 years$3,350$2,899$2,502$2,152$1,847$1,521
15 years$3,094$2,649$2,259$1,919$1,626$1,317
16 years$2,871$2,430$2,048$1,719$1,437$1,145
17 years$2,674$2,238$1,863$1,544$1,274$998
18 years$2,499$2,068$1,701$1,392$1,133$872
19 years$2,343$1,917$1,557$1,257$1,010$763
20 years$2,202$1,781$1,429$1,139$902$670
21 years$2,075$1,659$1,314$1,034$807$588
22 years$1,960$1,549$1,211$940$724$518
23 years$1,855$1,448$1,119$856$650$456
24 years$1,759$1,357$1,035$781$584$402
25 years$1,671$1,273$958$713$525$355
26 years$1,589$1,197$889$652$473$314
27 years$1,514$1,126$825$597$427$277
28 years$1,444$1,061$767$547$385$245
29 years$1,379$1,001$714$501$348$217
30 years$1,319$946$665$460$314$192
31 years$1,263$894$620$423$284$170
32 years$1,210$846$578$388$257$151
33 years$1,160$801$540$357$232$134
34 years$1,114$759$505$329$210$119
35 years$1,070$720$472$302$191$105
36 years$1,029$683$441$279$173$93
37 years$990$649$413$257$157$83
38 years$954$617$387$237$142$74
39 years$919$587$362$218$129$65
40 years$886$558$340$201$117$58
41 years$855$531$319$186$106$52
42 years$825$506$299$171$96$46
43 years$797$482$280$158$87$41
44 years$770$460$263$146$79$36
45 years$744$438$247$135$72$32
46 years$720$418$232$125$65$28
47 years$697$399$218$115$59$25
48 years$674$381$205$106$54$22
49 years$653$364$193$98$49$20
50 years$633$347$181$91$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $648,000, adding $3,559 every year, while hoping to spend $53,426 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: 59/32/9 Blend
50$648,000$648,000$648,000$648,000
51$717,767$683,423$673,379$758,434
52$734,135$660,066$639,092$762,819
53$750,381$633,774$601,867$761,235
54$766,437$604,346$561,547$758,192
55$782,226$571,571$517,971$753,553
56$797,660$535,226$470,970$747,170
57$812,642$495,072$420,367$738,885
58$827,060$450,859$365,979$728,524
59$840,792$402,323$307,611$715,901
60$853,701$349,185$245,064$700,814
61$865,631$291,147$178,126$683,044
62$876,410$227,899$106,578$662,353
63$885,848$159,110$30,192$638,485
64$893,729$84,431$0$611,163
65$899,817$3,495$0$585,013
66$903,846$0$0$558,195
67$905,521$0$0$557,087
68$904,516$0$0$555,436
69$900,467$0$0$551,775
70$892,972$0$0$545,840
71$881,583$0$0$537,341
72$865,804$0$0$525,952
73$845,086$0$0$511,317
74$818,821$0$0$493,039
75$786,334$0$0$470,677
76$746,879$0$0$443,746
77$699,630$0$0$411,707
78$643,674$0$0$373,965
79$578,000$0$0$329,862
80$501,490$0$0$278,670
81$412,909$0$0$219,584
82$310,891$0$0$151,714
83$193,927$0$0$74,078
84$60,349$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