Can I retire at age 51 with 655,000?

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 $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%19.7%
1 years$54,089$53,607$53,137$52,679$52,231$50,198
2 years$26,777$26,278$25,795$25,326$24,872$22,848
3 years$17,674$17,173$16,691$16,227$15,780$13,829
4 years$13,123$12,624$12,147$11,690$11,254$9,392
5 years$10,394$9,897$9,426$8,979$8,555$6,786
6 years$8,575$8,082$7,618$7,181$6,769$5,094
7 years$7,276$6,787$6,331$5,904$5,505$3,923
8 years$6,302$5,818$5,369$4,953$4,567$3,076
9 years$5,545$5,066$4,624$4,218$3,846$2,445
10 years$4,940$4,465$4,031$3,636$3,277$1,963
11 years$4,445$3,975$3,549$3,165$2,819$1,588
12 years$4,033$3,568$3,150$2,776$2,442$1,292
13 years$3,684$3,224$2,814$2,451$2,130$1,057
14 years$3,386$2,931$2,529$2,175$1,867$868
15 years$3,128$2,677$2,283$1,940$1,644$715
16 years$2,902$2,456$2,070$1,737$1,453$590
17 years$2,703$2,262$1,883$1,561$1,288$488
18 years$2,526$2,090$1,719$1,407$1,145$404
19 years$2,368$1,937$1,574$1,271$1,021$336
20 years$2,226$1,800$1,445$1,151$912$279
21 years$2,098$1,677$1,329$1,045$816$232
22 years$1,981$1,565$1,225$950$731$193
23 years$1,875$1,464$1,131$865$657$161
24 years$1,778$1,372$1,046$789$590$134
25 years$1,689$1,287$969$721$531$112
26 years$1,606$1,210$898$659$478$93
27 years$1,530$1,139$834$603$431$78
28 years$1,460$1,073$775$553$389$65
29 years$1,394$1,012$722$507$351$54
30 years$1,333$956$672$465$318$45
31 years$1,276$904$627$427$287$38
32 years$1,223$855$585$392$260$31
33 years$1,173$810$546$361$235$26
34 years$1,126$767$510$332$213$22
35 years$1,082$728$477$306$193$18
36 years$1,040$691$446$282$175$15
37 years$1,001$656$418$259$158$13
38 years$964$624$391$239$143$11
39 years$929$593$366$220$130$9
40 years$895$564$343$203$118$7
41 years$864$537$322$188$107$6
42 years$834$511$302$173$97$5
43 years$805$487$283$160$88$4
44 years$778$464$266$148$80$4
45 years$752$443$250$136$73$3
46 years$728$423$235$126$66$3
47 years$704$403$220$116$60$2
48 years$682$385$207$107$54$2
49 years$660$368$195$99$49$1
50 years$640$351$183$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $655,000, adding $5,833 every year, while hoping to spend $27,215 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: 39/46/15 Blend
50$655,000$655,000$655,000$655,000
51$727,827$693,112$682,959$752,730
52$773,109$698,118$676,882$776,020
53$822,097$702,457$669,689$798,114
54$875,141$706,068$661,314$821,419
55$932,626$708,885$651,688$846,057
56$994,972$710,839$640,738$872,166
57$1,062,646$711,856$628,389$899,896
58$1,136,157$711,859$614,561$929,419
59$1,216,067$710,762$599,172$960,922
60$1,302,995$708,479$582,133$994,615
61$1,397,621$704,914$563,355$1,030,731
62$1,500,693$699,969$542,741$1,069,529
63$1,613,034$693,539$520,194$1,111,296
64$1,735,551$685,510$495,608$1,156,352
65$1,869,241$675,764$468,875$1,205,051
66$2,015,203$664,175$439,881$1,257,788
67$2,174,645$650,611$408,508$1,314,999
68$2,348,897$634,929$374,632$1,377,168
69$2,539,425$616,981$338,123$1,444,834
70$2,747,842$596,608$298,845$1,518,591
71$2,975,922$573,643$256,657$1,599,101
72$3,225,623$547,909$211,412$1,687,096
73$3,499,097$519,217$162,955$1,783,387
74$3,798,717$487,370$111,125$1,888,873
75$4,127,092$452,157$55,754$2,004,549
76$4,487,101$413,358$0$2,131,516
77$4,881,910$370,738$0$2,271,530
78$5,315,009$324,048$0$2,434,964
79$5,790,242$273,028$0$2,614,412
80$6,311,841$217,401$0$2,811,557
81$6,884,469$156,874$0$3,028,264
82$7,513,263$91,139$0$3,266,591
83$8,203,882$19,871$0$3,528,812
84$8,962,558$0$0$3,817,441
85$9,796,158$0$0$4,164,244
86$10,712,247$0$0$4,556,513
87$11,719,159$0$0$4,987,771
88$12,826,075$0$0$5,461,961
89$14,043,111$0$0$5,983,430
90$15,381,411$0$0$6,556,966
91$16,853,253$0$0$7,187,845
92$18,472,166$0$0$7,881,878
93$20,253,054$0$0$8,645,470
94$22,212,340$0$0$9,485,676
95$24,368,117$0$0$10,410,273
96$26,740,323$0$0$11,427,826
97$29,350,923$0$0$12,547,774
98$32,224,122$0$0$13,780,517
99$35,386,588$0$0$15,137,515
100$38,867,707$0$0$16,631,396