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%15.1%
1 years$54,007$53,526$53,056$52,598$52,151$51,056
2 years$26,736$26,238$25,755$25,288$24,834$23,736
3 years$17,647$17,147$16,666$16,202$15,756$14,689
4 years$13,103$12,605$12,128$11,673$11,237$10,210
5 years$10,378$9,882$9,412$8,966$8,542$7,557
6 years$8,561$8,070$7,606$7,170$6,759$5,818
7 years$7,265$6,777$6,321$5,895$5,497$4,599
8 years$6,292$5,809$5,361$4,945$4,560$3,706
9 years$5,537$5,058$4,617$4,212$3,840$3,029
10 years$4,932$4,458$4,025$3,631$3,272$2,502
11 years$4,438$3,969$3,544$3,160$2,814$2,085
12 years$4,027$3,562$3,145$2,772$2,439$1,750
13 years$3,679$3,219$2,810$2,447$2,127$1,476
14 years$3,381$2,926$2,525$2,172$1,864$1,251
15 years$3,123$2,673$2,279$1,937$1,641$1,064
16 years$2,897$2,453$2,067$1,735$1,451$908
17 years$2,699$2,259$1,881$1,558$1,286$777
18 years$2,522$2,087$1,717$1,404$1,144$666
19 years$2,365$1,934$1,572$1,269$1,019$572
20 years$2,223$1,797$1,442$1,149$911$493
21 years$2,095$1,674$1,327$1,043$815$424
22 years$1,978$1,563$1,223$948$730$366
23 years$1,872$1,462$1,129$864$656$316
24 years$1,775$1,370$1,044$788$589$273
25 years$1,686$1,285$967$719$530$236
26 years$1,604$1,208$897$658$478$204
27 years$1,528$1,137$833$602$431$177
28 years$1,458$1,071$774$552$389$153
29 years$1,392$1,011$720$506$351$133
30 years$1,331$954$671$464$317$115
31 years$1,274$902$626$426$287$100
32 years$1,221$854$584$392$259$87
33 years$1,171$808$545$360$235$75
34 years$1,124$766$509$332$212$65
35 years$1,080$727$476$305$192$57
36 years$1,039$690$445$281$174$49
37 years$999$655$417$259$158$43
38 years$962$623$390$239$143$37
39 years$927$592$366$220$130$32
40 years$894$563$343$203$118$28
41 years$863$536$321$187$107$24
42 years$833$511$302$173$97$21
43 years$804$487$283$160$88$18
44 years$777$464$266$147$80$16
45 years$751$442$249$136$73$14
46 years$727$422$234$126$66$12
47 years$703$403$220$116$60$10
48 years$681$384$207$107$54$9
49 years$659$367$194$99$49$8
50 years$639$351$183$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $654,000, adding $5,934 every year, while hoping to spend $33,234 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: 79/14/7 Blend
50$654,000$654,000$654,000$654,000
51$726,829$692,167$682,030$783,206
52$765,605$690,722$669,517$819,571
53$807,222$688,093$655,471$854,500
54$851,935$684,186$639,806$891,822
55$900,024$678,903$622,431$931,760
56$951,795$672,138$603,251$974,560
57$1,007,586$663,780$582,168$1,020,491
58$1,067,767$653,713$559,078$1,069,851
59$1,132,745$641,810$533,873$1,122,969
60$1,202,966$627,941$506,439$1,180,205
61$1,278,923$611,964$476,659$1,241,958
62$1,361,154$593,731$444,408$1,308,669
63$1,450,255$573,087$409,558$1,380,821
64$1,546,876$549,864$371,975$1,458,950
65$1,651,738$523,887$331,516$1,543,643
66$1,765,628$494,971$288,034$1,635,551
67$1,889,415$462,917$241,377$1,735,389
68$2,024,055$427,520$191,383$1,843,948
69$2,170,599$388,559$137,884$1,962,098
70$2,330,203$345,801$80,706$2,090,800
71$2,504,140$299,002$19,666$2,231,112
72$2,693,811$247,901$0$2,384,202
73$2,900,757$192,226$0$2,554,754
74$3,126,675$131,686$0$2,742,581
75$3,373,434$65,976$0$2,947,791
76$3,643,088$0$0$3,172,130
77$3,937,902$0$0$3,418,322
78$4,260,369$0$0$3,698,742
79$4,613,232$0$0$4,005,615
80$4,999,515$0$0$4,341,572
81$5,422,543$0$0$4,709,508
82$5,885,983$0$0$5,112,615
83$6,393,869$0$0$5,554,405
84$6,950,646$0$0$6,038,747
85$7,561,210$0$0$6,569,903
86$8,230,951$0$0$7,152,565
87$8,965,809$0$0$7,791,904
88$9,772,324$0$0$8,493,613
89$10,657,702$0$0$9,263,965
90$11,629,879$0$0$10,109,868
91$12,697,598$0$0$11,038,935
92$13,870,492$0$0$12,059,550
93$15,159,169$0$0$13,180,948
94$16,575,319$0$0$14,413,305
95$18,131,818$0$0$15,767,832
96$19,842,853$0$0$17,256,878
97$21,724,055$0$0$18,894,050
98$23,792,641$0$0$20,694,338
99$26,067,584$0$0$22,674,258
100$28,569,787$0$0$24,852,006