Can I retire at age 51 with 654,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$54,007$53,526$53,056$52,598$52,151$50,685
2 years$26,736$26,238$25,755$25,288$24,834$23,368
3 years$17,647$17,147$16,666$16,202$15,756$14,336
4 years$13,103$12,605$12,128$11,673$11,237$9,874
5 years$10,378$9,882$9,412$8,966$8,542$7,240
6 years$8,561$8,070$7,606$7,170$6,759$5,519
7 years$7,265$6,777$6,321$5,895$5,497$4,319
8 years$6,292$5,809$5,361$4,945$4,560$3,443
9 years$5,537$5,058$4,617$4,212$3,840$2,784
10 years$4,932$4,458$4,025$3,631$3,272$2,275
11 years$4,438$3,969$3,544$3,160$2,814$1,874
12 years$4,027$3,562$3,145$2,772$2,439$1,554
13 years$3,679$3,219$2,810$2,447$2,127$1,295
14 years$3,381$2,926$2,525$2,172$1,864$1,084
15 years$3,123$2,673$2,279$1,937$1,641$911
16 years$2,897$2,453$2,067$1,735$1,451$767
17 years$2,699$2,259$1,881$1,558$1,286$648
18 years$2,522$2,087$1,717$1,404$1,144$548
19 years$2,365$1,934$1,572$1,269$1,019$465
20 years$2,223$1,797$1,442$1,149$911$394
21 years$2,095$1,674$1,327$1,043$815$335
22 years$1,978$1,563$1,223$948$730$285
23 years$1,872$1,462$1,129$864$656$243
24 years$1,775$1,370$1,044$788$589$207
25 years$1,686$1,285$967$719$530$176
26 years$1,604$1,208$897$658$478$150
27 years$1,528$1,137$833$602$431$128
28 years$1,458$1,071$774$552$389$110
29 years$1,392$1,011$720$506$351$94
30 years$1,331$954$671$464$317$80
31 years$1,274$902$626$426$287$68
32 years$1,221$854$584$392$259$58
33 years$1,171$808$545$360$235$50
34 years$1,124$766$509$332$212$43
35 years$1,080$727$476$305$192$36
36 years$1,039$690$445$281$174$31
37 years$999$655$417$259$158$27
38 years$962$623$390$239$143$23
39 years$927$592$366$220$130$19
40 years$894$563$343$203$118$17
41 years$863$536$321$187$107$14
42 years$833$511$302$173$97$12
43 years$804$487$283$160$88$10
44 years$777$464$266$147$80$9
45 years$751$442$249$136$73$8
46 years$727$422$234$126$66$7
47 years$703$403$220$116$60$6
48 years$681$384$207$107$54$5
49 years$659$367$194$99$49$4
50 years$639$351$183$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $654,000, adding $4,574 every year, while hoping to spend $34,893 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: 43/34/23 Blend
50$654,000$654,000$654,000$654,000
51$725,426$690,764$680,627$751,585
52$762,294$687,486$666,302$767,335
53$801,752$682,877$650,328$780,672
54$844,029$676,836$632,612$794,422
55$889,374$669,255$613,059$808,643
56$938,061$660,020$591,567$823,398
57$990,390$649,007$568,031$838,763
58$1,046,691$636,089$542,341$854,821
59$1,107,326$621,130$514,382$871,668
60$1,172,692$603,985$484,033$889,412
61$1,243,227$584,501$451,169$908,177
62$1,319,411$562,516$415,657$928,101
63$1,401,771$537,859$377,362$949,339
64$1,490,886$510,349$336,138$972,069
65$1,587,395$479,794$291,837$996,488
66$1,691,997$445,992$244,301$1,022,819
67$1,805,463$408,728$193,368$1,051,312
68$1,928,641$367,776$138,866$1,082,246
69$2,062,462$322,897$80,618$1,115,937
70$2,207,951$273,837$18,437$1,152,735
71$2,366,236$220,329$0$1,193,034
72$2,538,559$162,092$0$1,249,033
73$2,726,283$98,826$0$1,315,056
74$2,930,913$30,217$0$1,387,171
75$3,154,101$0$0$1,466,045
76$3,397,668$0$0$1,568,900
77$3,663,616$0$0$1,693,627
78$3,954,152$0$0$1,829,965
79$4,271,704$0$0$1,979,061
80$4,618,944$0$0$2,142,183
81$4,998,815$0$0$2,320,723
82$5,414,559$0$0$2,516,214
83$5,869,743$0$0$2,730,348
84$6,368,297$0$0$2,964,983
85$6,914,549$0$0$3,222,170
86$7,513,264$0$0$3,504,165
87$8,169,691$0$0$3,813,453
88$8,889,611$0$0$4,152,773
89$9,679,391$0$0$4,525,139
90$10,546,044$0$0$4,933,873
91$11,497,296$0$0$5,382,633
92$12,541,655$0$0$5,875,451
93$13,688,496$0$0$6,416,765
94$14,948,143$0$0$7,011,467
95$16,331,972$0$0$7,664,945
96$17,852,514$0$0$8,383,134
97$19,523,574$0$0$9,172,574
98$21,360,360$0$0$10,040,469
99$23,379,628$0$0$10,994,757
100$25,599,837$0$0$12,044,182