Can I retire at age 51 with 621,000?

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 $621,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$51,282$50,825$50,379$49,944$49,519$48,679
2 years$25,387$24,914$24,456$24,012$23,581$22,737
3 years$16,757$16,282$15,825$15,384$14,961$14,139
4 years$12,442$11,969$11,516$11,084$10,670$9,877
5 years$9,854$9,384$8,937$8,513$8,111$7,350
6 years$8,129$7,662$7,222$6,808$6,418$5,689
7 years$6,898$6,435$6,002$5,597$5,220$4,523
8 years$5,975$5,516$5,090$4,695$4,330$3,665
9 years$5,257$4,803$4,384$4,000$3,647$3,013
10 years$4,683$4,233$3,822$3,448$3,107$2,505
11 years$4,214$3,769$3,365$3,000$2,672$2,101
12 years$3,824$3,383$2,986$2,632$2,316$1,774
13 years$3,493$3,057$2,668$2,323$2,019$1,507
14 years$3,210$2,779$2,397$2,063$1,770$1,286
15 years$2,965$2,538$2,164$1,839$1,559$1,101
16 years$2,751$2,329$1,962$1,647$1,377$946
17 years$2,563$2,145$1,786$1,480$1,221$816
18 years$2,395$1,982$1,630$1,334$1,086$704
19 years$2,245$1,837$1,492$1,205$968$610
20 years$2,111$1,707$1,370$1,091$865$529
21 years$1,989$1,590$1,260$991$774$459
22 years$1,879$1,484$1,161$901$694$399
23 years$1,778$1,388$1,072$820$623$347
24 years$1,686$1,300$991$748$560$302
25 years$1,601$1,220$918$683$504$263
26 years$1,523$1,147$852$625$454$230
27 years$1,451$1,079$791$572$409$201
28 years$1,384$1,017$735$524$369$175
29 years$1,322$960$684$480$333$153
30 years$1,264$906$637$441$301$134
31 years$1,210$857$594$405$272$117
32 years$1,160$811$554$372$246$102
33 years$1,112$768$518$342$223$89
34 years$1,068$728$484$315$202$78
35 years$1,026$690$452$290$183$69
36 years$986$655$423$267$166$60
37 years$949$622$396$246$150$53
38 years$914$591$371$227$136$46
39 years$881$562$347$209$123$40
40 years$849$535$326$193$112$35
41 years$819$509$305$178$102$31
42 years$791$485$286$164$92$27
43 years$764$462$269$152$84$24
44 years$738$440$252$140$76$21
45 years$713$420$237$129$69$18
46 years$690$401$222$119$63$16
47 years$668$382$209$110$57$14
48 years$646$365$196$102$52$12
49 years$626$349$185$94$47$11
50 years$606$333$174$87$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $621,000, adding $2,428 every year, while hoping to spend $25,469 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: 47/23/30 Blend
50$621,000$621,000$621,000$621,000
51$686,846$653,933$644,308$713,114
52$729,806$658,877$638,793$736,898
53$776,294$663,210$632,241$760,048
54$826,643$666,874$624,588$784,699
55$881,219$669,810$615,770$811,003
56$940,426$671,953$605,721$839,134
57$1,004,705$673,234$594,368$869,283
58$1,074,543$673,581$581,638$901,661
59$1,150,477$672,917$567,453$936,504
60$1,233,096$671,160$551,733$974,071
61$1,323,048$668,223$534,392$1,014,651
62$1,421,046$664,014$515,342$1,058,565
63$1,527,877$658,434$494,490$1,106,165
64$1,644,403$651,380$471,738$1,157,846
65$1,771,577$642,742$446,986$1,214,042
66$1,910,444$632,404$420,127$1,275,233
67$2,062,159$620,241$391,050$1,341,954
68$2,227,989$606,122$359,640$1,414,793
69$2,409,332$589,910$325,776$1,494,404
70$2,607,725$571,458$289,331$1,581,508
71$2,824,863$550,609$250,174$1,676,905
72$3,062,610$527,200$208,165$1,781,478
73$3,323,020$501,056$163,163$1,896,204
74$3,608,355$471,995$115,015$2,022,163
75$3,921,105$439,820$63,566$2,160,552
76$4,264,014$404,327$8,651$2,312,688
77$4,640,102$365,298$0$2,480,034
78$5,052,698$322,503$0$2,680,190
79$5,505,466$275,699$0$2,902,944
80$6,002,445$224,630$0$3,147,553
81$6,548,082$169,024$0$3,416,254
82$7,147,275$108,595$0$3,711,515
83$7,805,421$43,040$0$4,036,058
84$8,528,466$0$0$4,392,884
85$9,322,959$0$0$4,792,380
86$10,196,114$0$0$5,243,477
87$11,155,881$0$0$5,739,398
88$12,211,016$0$0$6,284,676
89$13,371,169$0$0$6,884,309
90$14,646,967$0$0$7,543,800
91$16,050,123$0$0$8,269,213
92$17,593,540$0$0$9,067,231
93$19,291,434$0$0$9,945,216
94$21,159,469$0$0$10,911,278
95$23,214,903$0$0$11,974,356
96$25,476,752$0$0$13,144,297
97$27,965,969$0$0$14,431,951
98$30,705,639$0$0$15,849,274
99$33,721,200$0$0$17,409,440
100$37,040,682$0$0$19,126,965