Can I retire at age 51 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$53,924$53,444$52,975$52,518$52,071$50,124
2 years$26,695$26,198$25,716$25,249$24,796$22,856
3 years$17,620$17,121$16,640$16,177$15,731$13,861
4 years$13,083$12,585$12,110$11,655$11,220$9,432
5 years$10,362$9,867$9,398$8,952$8,529$6,829
6 years$8,548$8,057$7,595$7,159$6,749$5,138
7 years$7,253$6,766$6,311$5,886$5,489$3,966
8 years$6,283$5,800$5,352$4,937$4,553$3,117
9 years$5,528$5,050$4,610$4,206$3,835$2,484
10 years$4,925$4,451$4,019$3,625$3,267$1,999
11 years$4,431$3,963$3,538$3,155$2,810$1,621
12 years$4,021$3,557$3,140$2,767$2,435$1,323
13 years$3,673$3,214$2,806$2,443$2,123$1,085
14 years$3,376$2,922$2,521$2,169$1,861$893
15 years$3,118$2,669$2,276$1,934$1,639$738
16 years$2,893$2,449$2,063$1,732$1,448$611
17 years$2,695$2,255$1,878$1,556$1,284$507
18 years$2,518$2,084$1,714$1,402$1,142$421
19 years$2,361$1,931$1,569$1,267$1,018$351
20 years$2,219$1,795$1,440$1,148$909$292
21 years$2,091$1,672$1,325$1,042$814$244
22 years$1,975$1,560$1,221$947$729$203
23 years$1,869$1,459$1,127$862$655$170
24 years$1,773$1,367$1,042$787$588$142
25 years$1,684$1,283$966$718$529$119
26 years$1,602$1,206$896$657$477$99
27 years$1,526$1,135$832$601$430$83
28 years$1,455$1,070$773$551$388$70
29 years$1,390$1,009$719$505$350$58
30 years$1,329$953$670$464$317$49
31 years$1,272$901$625$426$286$41
32 years$1,219$852$583$391$259$34
33 years$1,169$807$544$360$234$29
34 years$1,123$765$508$331$212$24
35 years$1,079$726$475$305$192$20
36 years$1,037$689$445$281$174$17
37 years$998$654$416$259$158$14
38 years$961$622$390$238$143$12
39 years$926$591$365$220$130$10
40 years$893$562$342$203$118$8
41 years$861$535$321$187$107$7
42 years$831$510$301$173$97$6
43 years$803$486$283$159$88$5
44 years$776$463$265$147$80$4
45 years$750$442$249$136$72$3
46 years$725$421$234$126$66$3
47 years$702$402$220$116$60$2
48 years$680$384$206$107$54$2
49 years$658$366$194$99$49$2
50 years$638$350$182$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $653,000, adding $2,750 every year, while hoping to spend $37,268 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: 54/21/25 Blend
50$653,000$653,000$653,000$653,000
51$722,443$687,834$677,712$756,329
52$756,479$681,885$660,763$774,027
53$792,738$674,395$641,996$789,197
54$831,407$665,250$621,313$804,944
55$872,691$654,328$598,607$821,337
56$916,815$641,500$573,771$838,453
57$964,026$626,629$546,688$856,378
58$1,014,594$609,571$517,239$875,211
59$1,068,815$590,173$485,299$895,062
60$1,127,015$568,272$450,737$916,056
61$1,189,551$543,697$413,417$938,331
62$1,256,813$516,267$373,195$962,045
63$1,329,234$485,790$329,923$987,372
64$1,407,284$452,062$283,443$1,014,509
65$1,491,483$414,869$233,595$1,043,675
66$1,582,402$373,985$180,208$1,075,116
67$1,680,665$329,169$123,103$1,109,106
68$1,786,963$280,168$62,097$1,145,952
69$1,902,052$226,714$0$1,185,994
70$2,026,763$168,525$0$1,230,416
71$2,162,012$105,302$0$1,296,569
72$2,308,805$36,729$0$1,368,401
73$2,468,247$0$0$1,446,496
74$2,641,558$0$0$1,540,172
75$2,830,075$0$0$1,651,354
76$3,035,271$0$0$1,772,430
77$3,258,768$0$0$1,904,364
78$3,502,350$0$0$2,048,217
79$3,767,980$0$0$2,205,155
80$4,057,818$0$0$2,376,463
81$4,374,243$0$0$2,563,556
82$4,719,872$0$0$2,767,990
83$5,097,589$0$0$2,991,479
84$5,510,567$0$0$3,235,911
85$5,962,298$0$0$3,503,363
86$6,456,630$0$0$3,796,122
87$6,997,798$0$0$4,116,709
88$7,590,467$0$0$4,467,897
89$8,239,773$0$0$4,852,741
90$8,951,374$0$0$5,274,607
91$9,731,499$0$0$5,737,200
92$10,587,010$0$0$6,244,602
93$11,525,464$0$0$6,801,309
94$12,555,186$0$0$7,412,272
95$13,685,344$0$0$8,082,946
96$14,926,039$0$0$8,819,339
97$16,288,395$0$0$9,628,071
98$17,784,669$0$0$10,516,431
99$19,428,361$0$0$11,492,453
100$21,234,343$0$0$12,564,984