Can I retire at age 51 with 650,000?

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 $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 $2,032 every year, while hoping to spend $47,103 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: 61/22/17 Blend
50$650,000$650,000$650,000$650,000
51$718,396$683,946$673,871$758,992
52$741,555$667,342$646,328$769,998
53$765,498$648,346$616,285$776,555
54$790,254$626,791$583,606$782,608
55$815,856$602,499$548,152$788,116
56$842,337$575,285$509,779$793,030
57$869,731$544,950$468,333$797,304
58$898,077$511,285$423,654$800,884
59$927,411$474,069$375,578$803,718
60$957,777$433,068$323,929$805,748
61$989,216$388,035$268,527$806,914
62$1,021,776$338,708$209,182$807,155
63$1,055,504$284,811$145,696$806,405
64$1,090,451$226,053$77,863$804,594
65$1,126,672$162,125$5,467$801,650
66$1,164,226$92,702$0$797,498
67$1,203,173$17,440$0$805,081
68$1,243,578$0$0$813,198
69$1,285,512$0$0$836,315
70$1,329,049$0$0$864,705
71$1,374,267$0$0$894,197
72$1,421,252$0$0$924,848
73$1,470,094$0$0$956,718
74$1,520,889$0$0$989,872
75$1,573,743$0$0$1,024,377
76$1,628,766$0$0$1,060,308
77$1,686,077$0$0$1,097,745
78$1,745,807$0$0$1,136,773
79$1,808,093$0$0$1,177,484
80$1,873,086$0$0$1,219,978
81$1,940,945$0$0$1,264,361
82$2,011,845$0$0$1,310,749
83$2,085,974$0$0$1,359,269
84$2,163,536$0$0$1,410,053
85$2,244,749$0$0$1,463,251
86$2,329,853$0$0$1,519,019
87$2,419,106$0$0$1,577,532
88$2,512,789$0$0$1,638,975
89$2,611,206$0$0$1,703,552
90$2,714,687$0$0$1,771,484
91$2,823,594$0$0$1,843,012
92$2,938,318$0$0$1,918,397
93$3,059,284$0$0$1,997,924
94$3,186,959$0$0$2,081,904
95$3,321,850$0$0$2,170,677
96$3,464,508$0$0$2,264,611
97$3,615,538$0$0$2,364,111
98$3,775,599$0$0$2,469,618
99$3,945,412$0$0$2,581,614
100$4,125,764$0$0$2,700,627