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%16.9%
1 years$53,511$53,035$52,570$52,116$51,672$50,220
2 years$26,491$25,997$25,519$25,056$24,606$23,153
3 years$17,485$16,990$16,513$16,053$15,611$14,204
4 years$12,983$12,489$12,017$11,566$11,134$9,784
5 years$10,283$9,792$9,326$8,883$8,464$7,174
6 years$8,483$7,996$7,537$7,104$6,697$5,468
7 years$7,198$6,715$6,263$5,841$5,447$4,279
8 years$6,235$5,756$5,311$4,900$4,518$3,412
9 years$5,486$5,011$4,575$4,173$3,805$2,758
10 years$4,887$4,417$3,988$3,598$3,242$2,254
11 years$4,397$3,932$3,511$3,131$2,788$1,857
12 years$3,990$3,530$3,116$2,746$2,416$1,540
13 years$3,645$3,190$2,784$2,425$2,107$1,283
14 years$3,350$2,899$2,502$2,152$1,847$1,074
15 years$3,094$2,649$2,259$1,919$1,626$902
16 years$2,871$2,430$2,048$1,719$1,437$760
17 years$2,674$2,238$1,863$1,544$1,274$642
18 years$2,499$2,068$1,701$1,392$1,133$543
19 years$2,343$1,917$1,557$1,257$1,010$461
20 years$2,202$1,781$1,429$1,139$902$391
21 years$2,075$1,659$1,314$1,034$807$332
22 years$1,960$1,549$1,211$940$724$283
23 years$1,855$1,448$1,119$856$650$241
24 years$1,759$1,357$1,035$781$584$205
25 years$1,671$1,273$958$713$525$175
26 years$1,589$1,197$889$652$473$149
27 years$1,514$1,126$825$597$427$127
28 years$1,444$1,061$767$547$385$109
29 years$1,379$1,001$714$501$348$93
30 years$1,319$946$665$460$314$79
31 years$1,263$894$620$423$284$68
32 years$1,210$846$578$388$257$58
33 years$1,160$801$540$357$232$49
34 years$1,114$759$505$329$210$42
35 years$1,070$720$472$302$191$36
36 years$1,029$683$441$279$173$31
37 years$990$649$413$257$157$26
38 years$954$617$387$237$142$23
39 years$919$587$362$218$129$19
40 years$886$558$340$201$117$16
41 years$855$531$319$186$106$14
42 years$825$506$299$171$96$12
43 years$797$482$280$158$87$10
44 years$770$460$263$146$79$9
45 years$744$438$247$135$72$8
46 years$720$418$232$125$65$6
47 years$697$399$218$115$59$6
48 years$674$381$205$106$54$5
49 years$653$364$193$98$49$4
50 years$633$347$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 $648,000, adding $2,393 every year, while hoping to spend $49,419 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: 57/19/24 Blend
50$648,000$648,000$648,000$648,000
51$716,564$682,220$672,176$752,616
52$737,073$663,068$642,113$758,380
53$758,016$641,320$609,386$759,208
54$779,388$616,799$573,854$759,061
55$801,177$589,313$535,370$757,857
56$823,370$558,663$493,778$755,509
57$845,953$524,636$448,918$751,927
58$868,904$487,008$400,621$747,010
59$892,202$445,541$348,712$740,655
60$915,818$399,984$293,005$732,747
61$939,720$350,072$233,309$723,166
62$963,870$295,524$169,424$711,783
63$988,225$236,045$101,140$698,460
64$1,012,735$171,322$28,239$683,049
65$1,037,342$101,025$0$665,392
66$1,061,980$24,804$0$658,009
67$1,086,574$0$0$656,571
68$1,111,039$0$0$665,772
69$1,135,279$0$0$679,986
70$1,159,185$0$0$693,959
71$1,182,635$0$0$707,613
72$1,205,491$0$0$720,859
73$1,227,599$0$0$733,601
74$1,248,784$0$0$745,727
75$1,268,854$0$0$757,115
76$1,287,591$0$0$767,628
77$1,304,752$0$0$777,111
78$1,320,068$0$0$785,394
79$1,333,235$0$0$792,285
80$1,343,920$0$0$797,574
81$1,351,747$0$0$801,022
82$1,356,301$0$0$802,369
83$1,357,119$0$0$801,321
84$1,353,689$0$0$797,556
85$1,345,441$0$0$790,713
86$1,331,742$0$0$780,394
87$1,311,892$0$0$766,158
88$1,285,113$0$0$747,513
89$1,250,543$0$0$723,917
90$1,207,230$0$0$694,770
91$1,154,116$0$0$659,405
92$1,090,032$0$0$617,087
93$1,013,685$0$0$567,001
94$923,644$0$0$508,246
95$818,325$0$0$439,825
96$695,978$0$0$360,637
97$554,669$0$0$269,464
98$392,259$0$0$164,961
99$206,385$0$0$45,641
100$0$0$0$0