Can I retire at age 51 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$51,529$51,070$50,623$50,185$49,759$48,399
2 years$25,510$25,034$24,574$24,128$23,695$22,334
3 years$16,837$16,360$15,901$15,459$15,033$13,715
4 years$12,502$12,027$11,572$11,137$10,722$9,456
5 years$9,902$9,429$8,980$8,554$8,150$6,941
6 years$8,169$7,699$7,257$6,841$6,449$5,297
7 years$6,931$6,466$6,031$5,624$5,245$4,150
8 years$6,004$5,543$5,115$4,718$4,351$3,312
9 years$5,283$4,826$4,405$4,019$3,664$2,681
10 years$4,706$4,254$3,841$3,464$3,122$2,193
11 years$4,235$3,787$3,381$3,015$2,685$1,809
12 years$3,842$3,399$3,001$2,645$2,327$1,502
13 years$3,510$3,072$2,681$2,335$2,029$1,254
14 years$3,226$2,792$2,409$2,073$1,779$1,051
15 years$2,980$2,551$2,175$1,848$1,566$884
16 years$2,765$2,340$1,972$1,655$1,384$746
17 years$2,575$2,155$1,794$1,487$1,227$631
18 years$2,407$1,991$1,638$1,340$1,091$535
19 years$2,256$1,846$1,499$1,211$973$454
20 years$2,121$1,715$1,376$1,097$869$386
21 years$1,999$1,597$1,266$995$777$328
22 years$1,888$1,491$1,167$905$697$280
23 years$1,786$1,395$1,077$824$626$239
24 years$1,694$1,307$996$752$562$204
25 years$1,609$1,226$923$686$506$174
26 years$1,530$1,153$856$628$456$148
27 years$1,458$1,085$795$575$411$127
28 years$1,391$1,022$739$526$371$108
29 years$1,328$964$687$483$335$93
30 years$1,270$911$640$443$302$79
31 years$1,216$861$597$407$273$68
32 years$1,165$814$557$374$247$58
33 years$1,117$771$520$344$224$50
34 years$1,073$731$486$316$203$43
35 years$1,031$693$454$291$184$36
36 years$991$658$425$268$166$31
37 years$954$625$398$247$151$27
38 years$918$594$372$228$137$23
39 years$885$565$349$210$124$20
40 years$853$537$327$194$112$17
41 years$823$512$307$179$102$14
42 years$794$487$288$165$93$12
43 years$767$464$270$152$84$11
44 years$741$443$253$141$76$9
45 years$717$422$238$130$69$8
46 years$693$403$223$120$63$7
47 years$671$384$210$111$57$6
48 years$649$367$197$102$52$5
49 years$629$350$185$95$47$4
50 years$609$335$174$87$43$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $624,000, adding $4,446 every year, while hoping to spend $39,241 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: 29/48/23 Blend
50$624,000$624,000$624,000$624,000
51$692,234$659,162$649,490$707,234
52$721,090$649,709$629,496$709,760
53$751,574$638,477$607,517$708,702
54$783,810$625,339$583,445$706,750
55$817,936$610,157$557,167$703,850
56$854,098$592,788$528,565$699,950
57$892,461$573,079$497,516$694,996
58$933,200$550,868$463,892$688,933
59$976,511$525,985$427,556$681,704
60$1,022,606$498,249$388,370$673,254
61$1,071,716$467,468$346,185$663,525
62$1,124,097$433,440$300,848$652,460
63$1,180,028$395,951$252,199$640,003
64$1,239,813$354,776$200,071$626,097
65$1,303,789$309,674$144,288$610,689
66$1,372,322$260,395$84,668$593,726
67$1,445,815$206,670$21,020$575,155
68$1,524,710$148,219$0$554,930
69$1,609,491$84,743$0$544,517
70$1,700,693$15,929$0$538,620
71$1,798,898$0$0$532,093
72$1,904,750$0$0$555,895
73$2,018,953$0$0$590,728
74$2,142,282$0$0$628,425
75$2,275,589$0$0$669,257
76$2,419,809$0$0$713,520
77$2,575,970$0$0$761,543
78$2,745,205$0$0$813,684
79$2,928,756$0$0$870,338
80$3,127,990$0$0$931,942
81$3,344,413$0$0$998,974
82$3,579,677$0$0$1,071,960
83$3,835,603$0$0$1,151,480
84$4,114,195$0$0$1,238,172
85$4,417,654$0$0$1,332,737
86$4,748,406$0$0$1,435,948
87$5,109,120$0$0$1,548,657
88$5,502,732$0$0$1,671,798
89$5,932,476$0$0$1,806,402
90$6,401,911$0$0$1,953,605
91$6,914,954$0$0$2,114,655
92$7,475,919$0$0$2,290,929
93$8,089,555$0$0$2,483,940
94$8,761,092$0$0$2,695,358
95$9,496,286$0$0$2,927,020
96$10,301,480$0$0$3,180,948
97$11,183,656$0$0$3,459,371
98$12,150,503$0$0$3,764,743
99$13,210,492$0$0$4,099,767
100$14,372,949$0$0$4,467,421