Can I retire at age 51 with 654,000?

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 $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%18.3%
1 years$54,007$53,526$53,056$52,598$52,151$50,401
2 years$26,736$26,238$25,755$25,288$24,834$23,088
3 years$17,647$17,147$16,666$16,202$15,756$14,069
4 years$13,103$12,605$12,128$11,673$11,237$9,622
5 years$10,378$9,882$9,412$8,966$8,542$7,003
6 years$8,561$8,070$7,606$7,170$6,759$5,298
7 years$7,265$6,777$6,321$5,895$5,497$4,113
8 years$6,292$5,809$5,361$4,945$4,560$3,252
9 years$5,537$5,058$4,617$4,212$3,840$2,607
10 years$4,932$4,458$4,025$3,631$3,272$2,111
11 years$4,438$3,969$3,544$3,160$2,814$1,724
12 years$4,027$3,562$3,145$2,772$2,439$1,416
13 years$3,679$3,219$2,810$2,447$2,127$1,169
14 years$3,381$2,926$2,525$2,172$1,864$969
15 years$3,123$2,673$2,279$1,937$1,641$806
16 years$2,897$2,453$2,067$1,735$1,451$673
17 years$2,699$2,259$1,881$1,558$1,286$562
18 years$2,522$2,087$1,717$1,404$1,144$471
19 years$2,365$1,934$1,572$1,269$1,019$395
20 years$2,223$1,797$1,442$1,149$911$332
21 years$2,095$1,674$1,327$1,043$815$279
22 years$1,978$1,563$1,223$948$730$234
23 years$1,872$1,462$1,129$864$656$197
24 years$1,775$1,370$1,044$788$589$166
25 years$1,686$1,285$967$719$530$140
26 years$1,604$1,208$897$658$478$118
27 years$1,528$1,137$833$602$431$100
28 years$1,458$1,071$774$552$389$84
29 years$1,392$1,011$720$506$351$71
30 years$1,331$954$671$464$317$60
31 years$1,274$902$626$426$287$51
32 years$1,221$854$584$392$259$43
33 years$1,171$808$545$360$235$36
34 years$1,124$766$509$332$212$31
35 years$1,080$727$476$305$192$26
36 years$1,039$690$445$281$174$22
37 years$999$655$417$259$158$18
38 years$962$623$390$239$143$16
39 years$927$592$366$220$130$13
40 years$894$563$343$203$118$11
41 years$863$536$321$187$107$9
42 years$833$511$302$173$97$8
43 years$804$487$283$160$88$7
44 years$777$464$266$147$80$6
45 years$751$442$249$136$73$5
46 years$727$422$234$126$66$4
47 years$703$403$220$116$60$3
48 years$681$384$207$107$54$3
49 years$659$367$194$99$49$2
50 years$639$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $654,000, adding $4,507 every year, while hoping to spend $33,976 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: 63/25/12 Blend
50$654,000$654,000$654,000$654,000
51$725,357$690,695$680,558$768,750
52$763,193$688,389$667,206$796,043
53$803,750$684,831$652,269$821,506
54$847,269$679,924$635,656$848,467
55$894,015$673,565$617,276$877,071
56$944,280$665,645$597,030$907,480
57$998,382$656,048$574,816$939,874
58$1,056,674$644,650$550,529$974,449
59$1,119,539$631,323$524,056$1,011,426
60$1,187,402$615,927$495,282$1,051,048
61$1,260,727$598,318$464,084$1,093,585
62$1,340,026$578,341$430,336$1,139,336
63$1,425,861$555,831$393,904$1,188,632
64$1,518,849$530,618$354,650$1,241,838
65$1,619,670$502,516$312,429$1,299,361
66$1,729,071$471,334$267,090$1,361,650
67$1,847,872$436,865$218,474$1,429,202
68$1,976,978$398,895$166,416$1,502,567
69$2,117,382$357,193$110,743$1,582,354
70$2,270,179$311,519$51,276$1,669,237
71$2,436,570$261,617$0$1,763,960
72$2,617,881$207,216$0$1,868,909
73$2,815,568$148,033$0$1,990,542
74$3,031,235$83,765$0$2,123,322
75$3,266,646$14,096$0$2,268,390
76$3,523,747$0$0$2,427,008
77$3,804,674$0$0$2,617,434
78$4,111,783$0$0$2,829,892
79$4,447,667$0$0$3,062,302
80$4,815,180$0$0$3,316,648
81$5,217,466$0$0$3,595,109
82$5,657,986$0$0$3,900,089
83$6,140,552$0$0$4,234,232
84$6,669,361$0$0$4,600,452
85$7,249,036$0$0$5,001,958
86$7,884,669$0$0$5,442,284
87$8,581,869$0$0$5,925,323
88$9,346,811$0$0$6,455,360
89$10,186,299$0$0$7,037,120
90$11,107,827$0$0$7,675,804
91$12,119,651$0$0$8,377,141
92$13,230,864$0$0$9,147,445
93$14,451,484$0$0$9,993,669
94$15,792,545$0$0$10,923,472
95$17,266,206$0$0$11,945,295
96$18,885,859$0$0$13,068,434
97$20,666,259$0$0$14,303,132
98$22,623,662$0$0$15,660,673
99$24,775,978$0$0$17,153,490
100$27,142,939$0$0$18,795,280