Can I retire at age 51 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$51,612$51,152$50,704$50,266$49,838$48,301
2 years$25,550$25,075$24,613$24,166$23,733$22,197
3 years$16,864$16,387$15,927$15,484$15,057$13,572
4 years$12,522$12,046$11,590$11,155$10,739$9,315
5 years$9,918$9,444$8,995$8,568$8,163$6,805
6 years$8,182$7,712$7,269$6,852$6,459$5,167
7 years$6,942$6,476$6,041$5,633$5,253$4,028
8 years$6,013$5,551$5,123$4,726$4,358$3,198
9 years$5,291$4,834$4,412$4,025$3,670$2,575
10 years$4,714$4,261$3,847$3,470$3,127$2,094
11 years$4,241$3,793$3,387$3,020$2,689$1,718
12 years$3,848$3,404$3,006$2,649$2,331$1,418
13 years$3,516$3,076$2,685$2,338$2,032$1,176
14 years$3,231$2,796$2,413$2,076$1,782$980
15 years$2,984$2,555$2,178$1,851$1,569$819
16 years$2,769$2,344$1,975$1,658$1,386$687
17 years$2,579$2,159$1,797$1,489$1,229$577
18 years$2,410$1,995$1,641$1,342$1,093$486
19 years$2,260$1,849$1,502$1,213$974$409
20 years$2,124$1,718$1,378$1,098$870$346
21 years$2,002$1,600$1,268$997$779$292
22 years$1,891$1,494$1,168$906$698$247
23 years$1,789$1,397$1,079$825$627$209
24 years$1,697$1,309$998$753$563$177
25 years$1,611$1,228$924$688$507$150
26 years$1,533$1,154$857$629$456$127
27 years$1,460$1,086$796$575$412$108
28 years$1,393$1,024$740$527$371$92
29 years$1,330$966$689$483$335$78
30 years$1,272$912$641$444$303$66
31 years$1,218$862$598$408$274$56
32 years$1,167$816$558$375$248$48
33 years$1,119$773$521$344$224$41
34 years$1,074$732$487$317$203$34
35 years$1,032$695$455$292$184$29
36 years$993$659$426$269$167$25
37 years$955$626$398$248$151$21
38 years$920$595$373$228$137$18
39 years$886$566$350$210$124$15
40 years$854$538$328$194$113$13
41 years$824$512$307$179$102$11
42 years$796$488$288$165$93$9
43 years$768$465$270$153$84$8
44 years$743$443$254$141$76$7
45 years$718$423$238$130$69$6
46 years$694$403$224$120$63$5
47 years$672$385$210$111$57$4
48 years$650$367$198$103$52$4
49 years$630$351$186$95$47$3
50 years$610$335$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $625,000, adding $4,768 every year, while hoping to spend $40,937 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: 82/5/13 Blend
50$625,000$625,000$625,000$625,000
51$693,668$660,543$650,856$748,473
52$720,866$649,353$629,103$773,924
53$749,465$636,243$605,249$796,000
54$779,567$621,075$579,181$819,031
55$811,279$603,704$550,780$843,092
56$844,720$583,976$519,921$868,266
57$880,018$561,727$486,476$894,643
58$917,315$536,787$450,308$922,323
59$956,764$508,972$411,275$951,417
60$998,531$478,089$369,231$982,045
61$1,042,801$443,935$324,019$1,014,342
62$1,089,772$406,293$275,479$1,048,455
63$1,139,663$364,936$223,442$1,084,548
64$1,192,713$319,622$167,732$1,122,799
65$1,249,184$270,098$108,165$1,163,407
66$1,309,361$216,093$44,549$1,206,592
67$1,373,558$157,324$0$1,252,594
68$1,442,119$93,491$0$1,304,919
69$1,515,420$24,276$0$1,367,427
70$1,593,872$0$0$1,434,287
71$1,677,929$0$0$1,508,678
72$1,768,086$0$0$1,589,909
73$1,864,888$0$0$1,677,138
74$1,968,933$0$0$1,770,903
75$2,080,875$0$0$1,871,797
76$2,201,436$0$0$1,980,470
77$2,331,405$0$0$2,097,638
78$2,471,652$0$0$2,224,083
79$2,623,132$0$0$2,360,670
80$2,786,892$0$0$2,508,345
81$2,964,087$0$0$2,668,150
82$3,155,982$0$0$2,841,230
83$3,363,972$0$0$3,028,843
84$3,589,589$0$0$3,232,373
85$3,834,517$0$0$3,453,343
86$4,100,609$0$0$3,693,427
87$4,389,904$0$0$3,954,466
88$4,704,646$0$0$4,238,487
89$5,047,300$0$0$4,547,720
90$5,420,582$0$0$4,884,616
91$5,827,481$0$0$5,251,877
92$6,271,285$0$0$5,652,472
93$6,755,612$0$0$6,089,673
94$7,284,448$0$0$6,567,078
95$7,862,177$0$0$7,088,651
96$8,493,629$0$0$7,658,754
97$9,184,118$0$0$8,282,190
98$9,939,497$0$0$8,964,247
99$10,766,211$0$0$9,710,748
100$11,671,355$0$0$10,528,105