Can I retire at age 51 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$53,759$53,280$52,813$52,357$51,912$50,677
2 years$26,613$26,118$25,637$25,172$24,720$23,483
3 years$17,566$17,068$16,589$16,128$15,683$14,484
4 years$13,043$12,547$12,073$11,619$11,185$10,032
5 years$10,330$9,837$9,369$8,925$8,503$7,398
6 years$8,522$8,033$7,571$7,137$6,728$5,673
7 years$7,231$6,746$6,292$5,868$5,472$4,467
8 years$6,263$5,782$5,336$4,922$4,539$3,585
9 years$5,511$5,035$4,596$4,193$3,823$2,918
10 years$4,910$4,438$4,007$3,614$3,257$2,400
11 years$4,418$3,951$3,528$3,145$2,801$1,991
12 years$4,008$3,546$3,131$2,759$2,428$1,663
13 years$3,662$3,204$2,797$2,436$2,117$1,397
14 years$3,365$2,913$2,513$2,162$1,856$1,178
15 years$3,109$2,661$2,269$1,928$1,634$997
16 years$2,884$2,441$2,057$1,727$1,444$847
17 years$2,686$2,248$1,872$1,551$1,280$721
18 years$2,511$2,078$1,709$1,398$1,138$615
19 years$2,354$1,925$1,564$1,263$1,015$526
20 years$2,213$1,789$1,436$1,144$906$450
21 years$2,085$1,667$1,321$1,038$811$385
22 years$1,969$1,556$1,217$944$727$331
23 years$1,864$1,455$1,124$860$653$284
24 years$1,767$1,363$1,039$784$587$244
25 years$1,678$1,279$963$716$528$210
26 years$1,597$1,202$893$655$475$181
27 years$1,521$1,132$829$599$429$155
28 years$1,451$1,066$771$549$387$134
29 years$1,386$1,006$717$504$349$115
30 years$1,325$950$668$462$316$99
31 years$1,269$898$623$424$285$86
32 years$1,216$850$581$390$258$74
33 years$1,166$805$543$359$234$64
34 years$1,119$763$507$330$211$55
35 years$1,075$723$474$304$192$47
36 years$1,034$687$443$280$174$41
37 years$995$652$415$258$157$35
38 years$958$620$389$238$143$30
39 years$923$589$364$219$129$26
40 years$890$561$341$202$117$23
41 years$859$534$320$186$106$20
42 years$829$508$300$172$97$17
43 years$800$484$282$159$88$15
44 years$773$462$264$147$80$13
45 years$748$440$248$135$72$11
46 years$723$420$233$125$66$9
47 years$700$401$219$116$60$8
48 years$677$383$206$107$54$7
49 years$656$365$193$99$49$6
50 years$636$349$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 $651,000, adding $6,348 every year, while hoping to spend $23,480 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: 58/14/28 Blend
50$651,000$651,000$651,000$651,000
51$723,950$689,447$679,356$760,070
52$772,810$698,247$677,132$794,326
53$825,867$706,692$674,047$828,645
54$883,525$714,739$670,046$865,582
55$946,226$722,342$665,074$905,399
56$1,014,459$729,455$659,072$948,384
57$1,088,760$736,025$651,978$994,854
58$1,169,722$741,998$643,727$1,045,160
59$1,257,993$747,316$634,252$1,099,690
60$1,354,291$751,917$623,482$1,158,872
61$1,459,402$755,735$611,342$1,223,179
62$1,574,195$758,699$597,755$1,293,132
63$1,699,623$760,735$582,640$1,369,307
64$1,836,738$761,765$565,912$1,452,339
65$1,986,697$761,703$547,482$1,542,930
66$2,150,774$760,460$527,256$1,641,855
67$2,330,372$757,942$505,139$1,749,968
68$2,527,036$754,047$481,027$1,868,213
69$2,742,467$748,669$454,814$1,997,630
70$2,978,538$741,694$426,391$2,139,369
71$3,237,314$733,001$395,640$2,294,696
72$3,521,066$722,465$362,440$2,465,011
73$3,832,298$709,948$326,664$2,651,858
74$4,173,766$695,309$288,181$2,856,938
75$4,548,506$678,396$246,852$3,082,131
76$4,959,865$659,048$202,532$3,329,509
77$5,411,525$637,096$155,071$3,601,359
78$5,907,546$612,359$104,311$3,900,202
79$6,452,398$584,647$50,088$4,228,822
80$7,051,007$553,759$0$4,590,288
81$7,708,799$519,483$0$4,990,307
82$8,431,752$481,592$0$5,446,410
83$9,226,450$439,850$0$5,947,792
84$10,100,149$394,003$0$6,499,053
85$11,060,842$343,788$0$7,105,260
86$12,117,336$288,922$0$7,772,003
87$13,279,334$229,108$0$8,505,438
88$14,557,525$164,034$0$9,312,351
89$15,963,689$93,367$0$10,200,222
90$17,510,802$16,759$0$11,177,293
91$19,213,163$0$0$12,252,650
92$21,086,527$0$0$13,446,496
93$23,148,253$0$0$14,763,287
94$25,417,469$0$0$16,212,666
95$27,915,249$0$0$17,808,103
96$30,664,817$0$0$19,564,439
97$33,691,761$0$0$21,498,029
98$37,024,276$0$0$23,626,892
99$40,693,429$0$0$25,970,886
100$44,733,456$0$0$28,551,890