Can I retire at age 51 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$53,842$53,362$52,894$52,437$51,991$51,004
2 years$26,654$26,158$25,677$25,210$24,758$23,767
3 years$17,593$17,094$16,615$16,152$15,707$14,744
4 years$13,063$12,566$12,091$11,637$11,203$10,274
5 years$10,346$9,852$9,383$8,938$8,516$7,625
6 years$8,535$8,045$7,583$7,148$6,738$5,886
7 years$7,242$6,756$6,302$5,877$5,480$4,666
8 years$6,273$5,791$5,344$4,930$4,546$3,771
9 years$5,520$5,042$4,603$4,199$3,829$3,091
10 years$4,917$4,445$4,013$3,620$3,262$2,562
11 years$4,425$3,957$3,533$3,150$2,806$2,141
12 years$4,014$3,551$3,135$2,763$2,431$1,803
13 years$3,668$3,209$2,801$2,439$2,120$1,526
14 years$3,371$2,917$2,517$2,165$1,858$1,298
15 years$3,113$2,665$2,272$1,931$1,636$1,108
16 years$2,889$2,445$2,060$1,729$1,446$949
17 years$2,690$2,252$1,875$1,554$1,282$815
18 years$2,515$2,081$1,711$1,400$1,140$701
19 years$2,357$1,928$1,567$1,265$1,016$604
20 years$2,216$1,792$1,438$1,146$908$522
21 years$2,088$1,669$1,323$1,040$812$451
22 years$1,972$1,558$1,219$946$728$391
23 years$1,867$1,457$1,126$861$654$339
24 years$1,770$1,365$1,041$785$587$294
25 years$1,681$1,281$964$717$529$255
26 years$1,599$1,204$894$656$476$222
27 years$1,523$1,133$830$600$429$193
28 years$1,453$1,068$772$550$387$168
29 years$1,388$1,007$718$504$350$146
30 years$1,327$951$669$463$316$127
31 years$1,270$899$624$425$286$111
32 years$1,217$851$582$391$258$96
33 years$1,168$806$543$359$234$84
34 years$1,121$764$508$331$212$73
35 years$1,077$725$475$304$192$64
36 years$1,036$688$444$280$174$56
37 years$996$653$416$258$158$48
38 years$959$621$389$238$143$42
39 years$925$590$365$219$130$37
40 years$891$562$342$202$117$32
41 years$860$535$320$187$107$28
42 years$830$509$301$172$97$24
43 years$802$485$282$159$88$21
44 years$775$462$265$147$80$19
45 years$749$441$249$136$72$16
46 years$724$421$234$125$66$14
47 years$701$401$219$116$60$12
48 years$679$383$206$107$54$11
49 years$657$366$194$99$49$9
50 years$637$350$182$91$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $652,000, adding $3,030 every year, while hoping to spend $47,643 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: 49/34/17 Blend
50$652,000$652,000$652,000$652,000
51$721,629$687,073$676,967$753,431
52$744,544$670,048$648,954$758,703
53$768,199$650,592$618,405$759,285
54$792,619$628,535$585,186$758,888
55$817,832$603,699$549,155$757,436
56$843,864$575,893$510,165$754,852
57$870,743$544,917$468,061$751,052
58$898,499$510,559$422,681$745,947
59$927,163$472,593$373,858$739,446
60$956,767$430,783$321,416$731,449
61$987,344$384,878$265,170$721,853
62$1,018,929$334,613$204,929$710,550
63$1,051,558$279,708$140,493$697,423
64$1,085,270$219,866$71,651$682,350
65$1,120,103$154,775$0$665,204
66$1,156,099$84,105$0$646,179
67$1,193,302$7,507$0$638,694
68$1,231,758$0$0$629,631
69$1,271,512$0$0$647,083
70$1,312,617$0$0$668,034
71$1,355,123$0$0$689,703
72$1,399,087$0$0$712,118
73$1,444,566$0$0$735,310
74$1,491,621$0$0$759,310
75$1,540,316$0$0$784,151
76$1,590,720$0$0$809,869
77$1,642,904$0$0$836,501
78$1,696,943$0$0$864,086
79$1,752,918$0$0$892,666
80$1,810,913$0$0$922,285
81$1,871,018$0$0$952,990
82$1,933,329$0$0$984,831
83$1,997,947$0$0$1,017,861
84$2,064,979$0$0$1,052,136
85$2,134,541$0$0$1,087,716
86$2,206,755$0$0$1,124,666
87$2,281,751$0$0$1,163,054
88$2,359,668$0$0$1,202,953
89$2,440,656$0$0$1,244,441
90$2,524,875$0$0$1,287,604
91$2,612,495$0$0$1,332,530
92$2,703,700$0$0$1,379,316
93$2,798,686$0$0$1,428,067
94$2,897,667$0$0$1,478,895
95$3,000,869$0$0$1,531,920
96$3,108,538$0$0$1,587,272
97$3,220,940$0$0$1,645,091
98$3,338,359$0$0$1,705,529
99$3,461,105$0$0$1,768,750
100$3,589,511$0$0$1,834,932