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%17.8%
1 years$53,842$53,362$52,894$52,437$51,991$50,347
2 years$26,654$26,158$25,677$25,210$24,758$23,116
3 years$17,593$17,094$16,615$16,152$15,707$14,120
4 years$13,063$12,566$12,091$11,637$11,203$9,681
5 years$10,346$9,852$9,383$8,938$8,516$7,065
6 years$8,535$8,045$7,583$7,148$6,738$5,359
7 years$7,242$6,756$6,302$5,877$5,480$4,172
8 years$6,273$5,791$5,344$4,930$4,546$3,309
9 years$5,520$5,042$4,603$4,199$3,829$2,661
10 years$4,917$4,445$4,013$3,620$3,262$2,162
11 years$4,425$3,957$3,533$3,150$2,806$1,770
12 years$4,014$3,551$3,135$2,763$2,431$1,459
13 years$3,668$3,209$2,801$2,439$2,120$1,209
14 years$3,371$2,917$2,517$2,165$1,858$1,006
15 years$3,113$2,665$2,272$1,931$1,636$840
16 years$2,889$2,445$2,060$1,729$1,446$703
17 years$2,690$2,252$1,875$1,554$1,282$590
18 years$2,515$2,081$1,711$1,400$1,140$496
19 years$2,357$1,928$1,567$1,265$1,016$417
20 years$2,216$1,792$1,438$1,146$908$352
21 years$2,088$1,669$1,323$1,040$812$297
22 years$1,972$1,558$1,219$946$728$251
23 years$1,867$1,457$1,126$861$654$212
24 years$1,770$1,365$1,041$785$587$179
25 years$1,681$1,281$964$717$529$152
26 years$1,599$1,204$894$656$476$128
27 years$1,523$1,133$830$600$429$109
28 years$1,453$1,068$772$550$387$92
29 years$1,388$1,007$718$504$350$78
30 years$1,327$951$669$463$316$66
31 years$1,270$899$624$425$286$56
32 years$1,217$851$582$391$258$48
33 years$1,168$806$543$359$234$40
34 years$1,121$764$508$331$212$34
35 years$1,077$725$475$304$192$29
36 years$1,036$688$444$280$174$25
37 years$996$653$416$258$158$21
38 years$959$621$389$238$143$18
39 years$925$590$365$219$130$15
40 years$891$562$342$202$117$13
41 years$860$535$320$187$107$11
42 years$830$509$301$172$97$9
43 years$802$485$282$159$88$8
44 years$775$462$265$147$80$7
45 years$749$441$249$136$72$6
46 years$724$421$234$125$66$5
47 years$701$401$219$116$60$4
48 years$679$383$206$107$54$3
49 years$657$366$194$99$49$3
50 years$637$350$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $652,000, adding $5,602 every year, while hoping to spend $30,911 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: 52/22/26 Blend
50$652,000$652,000$652,000$652,000
51$724,282$689,726$679,620$756,420
52$765,270$690,634$669,499$780,201
53$809,403$690,550$658,002$802,458
54$856,968$689,393$645,051$826,045
55$908,283$687,077$630,564$851,103
56$963,695$683,511$614,455$877,787
57$1,023,586$678,597$596,634$906,269
58$1,088,376$672,233$577,005$936,741
59$1,158,526$664,309$555,471$969,416
60$1,234,545$654,709$531,929$1,004,529
61$1,316,990$643,312$506,270$1,042,345
62$1,406,475$629,986$478,382$1,083,154
63$1,503,675$614,594$448,147$1,127,279
64$1,609,332$596,991$415,442$1,175,080
65$1,724,263$577,023$380,138$1,226,954
66$1,849,366$554,525$342,101$1,283,342
67$1,985,630$529,326$301,191$1,344,735
68$2,134,144$501,243$257,260$1,411,673
69$2,296,105$470,081$210,156$1,484,758
70$2,472,830$435,638$159,719$1,564,654
71$2,665,770$397,696$105,781$1,652,098
72$2,876,523$356,027$48,169$1,747,906
73$3,106,847$310,391$0$1,852,981
74$3,358,676$260,531$0$1,972,016
75$3,634,142$206,178$0$2,116,923
76$3,935,592$147,048$0$2,275,605
77$4,265,608$82,839$0$2,449,472
78$4,627,037$13,235$0$2,640,080
79$5,023,011$0$0$2,849,148
80$5,456,981$0$0$3,093,604
81$5,932,747$0$0$3,365,183
82$6,454,494$0$0$3,663,078
83$7,026,833$0$0$3,989,929
84$7,654,840$0$0$4,348,646
85$8,344,110$0$0$4,742,431
86$9,100,802$0$0$5,174,815
87$9,931,702$0$0$5,649,685
88$10,844,287$0$0$6,171,323
89$11,846,792$0$0$6,744,447
90$12,948,288$0$0$7,374,255
91$14,158,771$0$0$8,066,473
92$15,489,249$0$0$8,827,407
93$16,951,855$0$0$9,664,010
94$18,559,951$0$0$10,583,936
95$20,328,263$0$0$11,595,621
96$22,273,010$0$0$12,708,361
97$24,412,067$0$0$13,932,394
98$26,765,124$0$0$15,279,004
99$29,353,879$0$0$16,760,622
100$32,202,236$0$0$18,390,944