Can I retire at age 51 with 650,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$53,676$53,198$52,732$52,276$51,832$50,579
2 years$26,572$26,078$25,598$25,133$24,682$23,427
3 years$17,539$17,042$16,564$16,103$15,659$14,442
4 years$13,023$12,528$12,054$11,601$11,168$9,998
5 years$10,314$9,822$9,354$8,911$8,490$7,369
6 years$8,509$8,020$7,560$7,126$6,718$5,648
7 years$7,220$6,735$6,282$5,859$5,463$4,445
8 years$6,254$5,773$5,328$4,915$4,532$3,565
9 years$5,503$5,027$4,589$4,186$3,817$2,900
10 years$4,902$4,431$4,001$3,609$3,252$2,384
11 years$4,411$3,945$3,522$3,141$2,797$1,976
12 years$4,002$3,540$3,126$2,755$2,424$1,650
13 years$3,656$3,200$2,793$2,432$2,114$1,384
14 years$3,360$2,908$2,509$2,159$1,853$1,167
15 years$3,104$2,657$2,266$1,925$1,631$987
16 years$2,880$2,438$2,054$1,724$1,442$838
17 years$2,682$2,245$1,869$1,549$1,278$713
18 years$2,507$2,074$1,706$1,396$1,137$607
19 years$2,350$1,923$1,562$1,261$1,013$519
20 years$2,209$1,786$1,433$1,142$905$444
21 years$2,082$1,664$1,319$1,037$810$380
22 years$1,966$1,553$1,215$943$726$326
23 years$1,861$1,453$1,122$858$652$279
24 years$1,764$1,361$1,038$783$586$240
25 years$1,676$1,277$961$715$527$206
26 years$1,594$1,201$891$654$475$177
27 years$1,519$1,130$828$598$428$153
28 years$1,449$1,065$769$548$386$131
29 years$1,384$1,004$716$503$349$113
30 years$1,323$949$667$461$315$97
31 years$1,267$897$622$424$285$84
32 years$1,214$848$580$390$258$72
33 years$1,164$803$542$358$233$62
34 years$1,117$762$506$330$211$54
35 years$1,074$722$473$303$191$46
36 years$1,032$686$443$279$173$40
37 years$993$651$414$257$157$34
38 years$957$619$388$237$142$30
39 years$922$588$364$219$129$26
40 years$889$560$341$202$117$22
41 years$857$533$319$186$106$19
42 years$828$508$300$172$96$16
43 years$799$484$281$159$87$14
44 years$772$461$264$146$79$12
45 years$747$440$248$135$72$11
46 years$722$419$233$125$65$9
47 years$699$400$219$115$59$8
48 years$676$382$206$107$54$7
49 years$655$365$193$99$49$6
50 years$635$348$182$91$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $650,000, adding $2,149 every year, while hoping to spend $37,954 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$650,000$650,000$650,000$650,000
51$718,517$684,067$673,992$744,627
52$751,423$677,203$656,188$756,548
53$786,413$668,731$636,515$765,648
54$823,660$658,532$614,871$774,773
55$863,353$646,480$591,149$783,944
56$905,699$632,441$565,236$793,191
57$950,923$616,274$537,015$802,547
58$999,275$597,829$506,363$812,052
59$1,051,027$576,949$473,152$821,755
60$1,106,477$553,465$437,248$831,711
61$1,165,953$527,199$398,511$841,986
62$1,229,814$497,966$356,794$852,656
63$1,298,453$465,565$311,946$863,809
64$1,372,305$429,787$263,805$875,546
65$1,451,844$390,410$212,207$887,982
66$1,537,593$347,201$156,976$901,250
67$1,630,124$299,910$97,931$915,502
68$1,730,067$248,277$34,883$930,911
69$1,838,116$192,024$0$947,670
70$1,955,030$130,859$0$974,992
71$2,081,646$64,475$0$1,015,049
72$2,218,884$0$0$1,058,497
73$2,367,755$0$0$1,108,179
74$2,529,372$0$0$1,185,286
75$2,704,956$0$0$1,269,127
76$2,895,854$0$0$1,360,353
77$3,103,546$0$0$1,459,679
78$3,329,660$0$0$1,567,894
79$3,575,989$0$0$1,685,867
80$3,844,504$0$0$1,814,550
81$4,137,377$0$0$1,954,997
82$4,456,996$0$0$2,108,363
83$4,805,990$0$0$2,275,922
84$5,187,255$0$0$2,459,076
85$5,603,977$0$0$2,659,369
86$6,059,665$0$0$2,878,499
87$6,558,182$0$0$3,118,339
88$7,103,781$0$0$3,380,949
89$7,701,146$0$0$3,668,598
90$8,355,435$0$0$3,983,785
91$9,072,328$0$0$4,329,263
92$9,858,079$0$0$4,708,062
93$10,719,579$0$0$5,123,520
94$11,664,416$0$0$5,579,315
95$12,700,946$0$0$6,079,498
96$13,838,375$0$0$6,628,528
97$15,086,843$0$0$7,231,320
98$16,457,518$0$0$7,893,287
99$17,962,705$0$0$8,620,393
100$19,615,956$0$0$9,419,207