Can I retire at age 51 with 655,000?

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 $655,000?

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$54,089$53,607$53,137$52,679$52,231$50,762
2 years$26,777$26,278$25,795$25,326$24,872$23,403
3 years$17,674$17,173$16,691$16,227$15,780$14,358
4 years$13,123$12,624$12,147$11,690$11,254$9,889
5 years$10,394$9,897$9,426$8,979$8,555$7,251
6 years$8,575$8,082$7,618$7,181$6,769$5,527
7 years$7,276$6,787$6,331$5,904$5,505$4,325
8 years$6,302$5,818$5,369$4,953$4,567$3,449
9 years$5,545$5,066$4,624$4,218$3,846$2,788
10 years$4,940$4,465$4,031$3,636$3,277$2,278
11 years$4,445$3,975$3,549$3,165$2,819$1,877
12 years$4,033$3,568$3,150$2,776$2,442$1,556
13 years$3,684$3,224$2,814$2,451$2,130$1,297
14 years$3,386$2,931$2,529$2,175$1,867$1,086
15 years$3,128$2,677$2,283$1,940$1,644$912
16 years$2,902$2,456$2,070$1,737$1,453$769
17 years$2,703$2,262$1,883$1,561$1,288$649
18 years$2,526$2,090$1,719$1,407$1,145$549
19 years$2,368$1,937$1,574$1,271$1,021$465
20 years$2,226$1,800$1,445$1,151$912$395
21 years$2,098$1,677$1,329$1,045$816$336
22 years$1,981$1,565$1,225$950$731$286
23 years$1,875$1,464$1,131$865$657$243
24 years$1,778$1,372$1,046$789$590$207
25 years$1,689$1,287$969$721$531$177
26 years$1,606$1,210$898$659$478$151
27 years$1,530$1,139$834$603$431$128
28 years$1,460$1,073$775$553$389$110
29 years$1,394$1,012$722$507$351$94
30 years$1,333$956$672$465$318$80
31 years$1,276$904$627$427$287$68
32 years$1,223$855$585$392$260$58
33 years$1,173$810$546$361$235$50
34 years$1,126$767$510$332$213$43
35 years$1,082$728$477$306$193$36
36 years$1,040$691$446$282$175$31
37 years$1,001$656$418$259$158$27
38 years$964$624$391$239$143$23
39 years$929$593$366$220$130$19
40 years$895$564$343$203$118$17
41 years$864$537$322$188$107$14
42 years$834$511$302$173$97$12
43 years$805$487$283$160$88$10
44 years$778$464$266$148$80$9
45 years$752$443$250$136$73$8
46 years$728$423$235$126$66$7
47 years$704$403$220$116$60$6
48 years$682$385$207$107$54$5
49 years$660$368$195$99$49$4
50 years$640$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 $655,000, adding $5,666 every year, while hoping to spend $48,660 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: 52/24/24 Blend
50$655,000$655,000$655,000$655,000
51$727,654$692,939$682,787$760,362
52$750,101$675,120$653,886$765,767
53$773,207$654,796$622,387$766,197
54$796,987$631,794$588,150$765,663
55$821,458$605,929$551,031$764,093
56$846,634$577,008$510,878$761,410
57$872,532$544,823$467,534$757,531
58$899,168$509,156$420,834$752,370
59$926,556$469,778$370,604$745,835
60$954,711$426,443$316,666$737,828
61$983,647$378,895$258,831$728,246
62$1,013,380$326,861$196,902$716,980
63$1,043,921$270,054$130,674$703,914
64$1,075,283$208,169$59,934$688,927
65$1,107,479$140,886$0$671,888
66$1,140,517$67,865$0$656,645
67$1,174,407$0$0$655,706
68$1,209,158$0$0$656,588
69$1,244,774$0$0$675,854
70$1,281,261$0$0$695,582
71$1,318,618$0$0$715,772
72$1,356,846$0$0$736,423
73$1,395,941$0$0$757,531
74$1,435,895$0$0$779,091
75$1,476,699$0$0$801,096
76$1,518,336$0$0$823,534
77$1,560,786$0$0$846,394
78$1,604,026$0$0$869,660
79$1,648,023$0$0$893,313
80$1,692,740$0$0$917,329
81$1,738,132$0$0$941,681
82$1,784,145$0$0$966,337
83$1,830,716$0$0$991,258
84$1,877,771$0$0$1,016,402
85$1,925,227$0$0$1,041,717
86$1,972,984$0$0$1,067,146
87$2,020,932$0$0$1,092,623
88$2,068,941$0$0$1,118,073
89$2,116,866$0$0$1,143,409
90$2,164,542$0$0$1,168,535
91$2,211,781$0$0$1,193,342
92$2,258,371$0$0$1,217,707
93$2,304,075$0$0$1,241,489
94$2,348,625$0$0$1,264,534
95$2,391,718$0$0$1,286,667
96$2,433,019$0$0$1,307,692
97$2,472,148$0$0$1,327,389
98$2,508,684$0$0$1,345,514
99$2,542,155$0$0$1,361,794
100$2,572,033$0$0$1,375,924