Can I retire at age 51 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$53,594$53,116$52,651$52,196$51,752$50,916
2 years$26,532$26,037$25,559$25,094$24,644$23,804
3 years$17,512$17,016$16,538$16,078$15,635$14,817
4 years$13,003$12,508$12,035$11,583$11,151$10,361
5 years$10,299$9,807$9,340$8,897$8,477$7,718
6 years$8,496$8,008$7,548$7,115$6,707$5,980
7 years$7,209$6,725$6,273$5,850$5,455$4,760
8 years$6,244$5,765$5,320$4,907$4,525$3,862
9 years$5,494$5,019$4,582$4,180$3,811$3,179
10 years$4,895$4,424$3,994$3,603$3,247$2,646
11 years$4,404$3,939$3,517$3,136$2,793$2,222
12 years$3,996$3,535$3,121$2,750$2,420$1,879
13 years$3,651$3,195$2,788$2,428$2,110$1,598
14 years$3,355$2,904$2,505$2,156$1,850$1,365
15 years$3,099$2,653$2,262$1,922$1,629$1,171
16 years$2,875$2,434$2,051$1,721$1,440$1,008
17 years$2,678$2,241$1,866$1,547$1,276$870
18 years$2,503$2,071$1,704$1,394$1,135$752
19 years$2,346$1,920$1,560$1,259$1,012$652
20 years$2,206$1,784$1,431$1,141$904$566
21 years$2,079$1,661$1,317$1,035$809$492
22 years$1,963$1,551$1,213$941$725$428
23 years$1,858$1,451$1,120$857$651$373
24 years$1,762$1,359$1,036$782$585$326
25 years$1,673$1,275$960$714$526$284
26 years$1,592$1,199$890$653$474$248
27 years$1,516$1,128$826$598$427$217
28 years$1,446$1,063$768$547$386$190
29 years$1,382$1,003$715$502$348$166
30 years$1,321$947$666$461$315$146
31 years$1,265$895$621$423$284$127
32 years$1,212$847$579$389$257$112
33 years$1,162$802$541$358$233$98
34 years$1,116$760$505$329$211$86
35 years$1,072$721$472$303$191$75
36 years$1,031$685$442$279$173$66
37 years$992$650$414$257$157$58
38 years$955$618$387$237$142$51
39 years$920$588$363$218$129$44
40 years$887$559$340$201$117$39
41 years$856$532$319$186$106$34
42 years$826$507$299$172$96$30
43 years$798$483$281$158$87$26
44 years$771$460$264$146$79$23
45 years$745$439$247$135$72$20
46 years$721$419$232$125$65$18
47 years$698$400$218$115$59$16
48 years$675$381$205$106$54$14
49 years$654$364$193$98$49$12
50 years$634$348$181$91$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $649,000, adding $2,876 every year, while hoping to spend $27,693 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: 44/30/26 Blend
50$649,000$649,000$649,000$649,000
51$718,165$683,768$673,708$744,235
52$761,952$687,807$666,812$767,100
53$809,278$691,116$658,757$788,987
54$860,474$693,630$649,475$812,173
55$915,904$695,280$638,894$836,794
56$975,969$695,992$626,940$863,000
57$1,041,110$695,688$613,535$890,959
58$1,111,812$694,285$598,597$920,860
59$1,188,608$691,696$582,040$952,909
60$1,272,083$687,826$563,776$987,338
61$1,362,883$682,577$543,710$1,024,402
62$1,461,718$675,845$521,746$1,064,388
63$1,569,369$667,516$497,779$1,107,611
64$1,686,694$657,474$471,705$1,154,422
65$1,814,640$645,593$443,410$1,205,211
66$1,954,247$631,741$412,778$1,260,408
67$2,106,661$615,778$379,687$1,320,493
68$2,273,144$597,554$344,010$1,385,996
69$2,455,084$576,913$305,613$1,457,506
70$2,654,008$553,688$264,357$1,535,673
71$2,871,601$527,703$220,098$1,621,220
72$3,109,716$498,772$172,682$1,714,945
73$3,370,392$466,697$121,952$1,817,734
74$3,655,877$431,270$67,742$1,930,566
75$3,968,645$392,271$9,880$2,054,525
76$4,311,421$349,466$0$2,190,812
77$4,687,207$302,611$0$2,355,142
78$5,099,308$251,444$0$2,538,455
79$5,551,364$195,692$0$2,739,686
80$6,047,385$135,063$0$2,960,687
81$6,591,789$69,251$0$3,203,503
82$7,189,440$0$0$3,470,392
83$7,845,698$0$0$3,764,525
84$8,566,467$0$0$4,112,761
85$9,358,251$0$0$4,495,391
86$10,228,214$0$0$4,915,888
87$11,184,248$0$0$5,378,078
88$12,235,050$0$0$5,886,175
89$13,390,199$0$0$6,444,823
90$14,660,249$0$0$7,059,139
91$16,056,828$0$0$7,734,759
92$17,592,748$0$0$8,477,892
93$19,282,121$0$0$9,295,383
94$21,140,501$0$0$10,194,769
95$23,185,021$0$0$11,184,357
96$25,434,560$0$0$12,273,299
97$27,909,918$0$0$13,471,679
98$30,634,016$0$0$14,790,610
99$33,632,107$0$0$16,242,332
100$36,932,015$0$0$17,840,338