Can I retire at age 51 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$51,860$51,398$50,947$50,507$50,078$49,309
2 years$25,673$25,195$24,732$24,282$23,846$23,074
3 years$16,945$16,465$16,003$15,558$15,129$14,377
4 years$12,582$12,104$11,646$11,209$10,790$10,064
5 years$9,965$9,489$9,038$8,609$8,203$7,504
6 years$8,221$7,749$7,304$6,885$6,490$5,821
7 years$6,976$6,507$6,070$5,660$5,278$4,638
8 years$6,042$5,578$5,147$4,748$4,379$3,767
9 years$5,316$4,857$4,434$4,045$3,688$3,105
10 years$4,736$4,281$3,865$3,486$3,142$2,587
11 years$4,262$3,811$3,403$3,034$2,702$2,175
12 years$3,867$3,421$3,020$2,661$2,342$1,842
13 years$3,533$3,091$2,698$2,350$2,042$1,568
14 years$3,247$2,810$2,424$2,086$1,790$1,342
15 years$2,999$2,567$2,189$1,860$1,576$1,153
16 years$2,782$2,355$1,984$1,666$1,393$993
17 years$2,591$2,169$1,806$1,496$1,235$858
18 years$2,422$2,004$1,648$1,349$1,098$744
19 years$2,271$1,857$1,509$1,219$979$645
20 years$2,134$1,726$1,385$1,104$874$561
21 years$2,011$1,608$1,274$1,002$782$489
22 years$1,900$1,501$1,174$911$701$426
23 years$1,798$1,404$1,084$829$630$372
24 years$1,705$1,315$1,003$756$566$325
25 years$1,619$1,234$929$691$509$284
26 years$1,540$1,160$861$632$459$249
27 years$1,467$1,092$800$578$414$218
28 years$1,400$1,029$743$530$373$191
29 years$1,337$970$692$486$337$167
30 years$1,278$916$644$446$304$147
31 years$1,224$866$601$409$275$129
32 years$1,173$820$561$376$249$113
33 years$1,125$776$523$346$225$99
34 years$1,080$736$489$318$204$87
35 years$1,037$698$457$293$185$76
36 years$997$662$428$270$167$67
37 years$960$629$400$249$152$59
38 years$924$598$375$229$138$52
39 years$890$569$351$211$125$45
40 years$859$541$329$195$113$40
41 years$828$515$309$180$103$35
42 years$800$490$290$166$93$31
43 years$772$467$272$153$85$27
44 years$746$445$255$141$77$24
45 years$721$425$239$131$70$21
46 years$698$405$225$121$63$18
47 years$675$387$211$112$57$16
48 years$654$369$199$103$52$14
49 years$633$352$187$95$47$13
50 years$613$337$175$88$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $628,000, adding $5,323 every year, while hoping to spend $49,768 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: 44/41/15 Blend
50$628,000$628,000$628,000$628,000
51$697,547$664,263$654,529$725,003
52$715,744$643,859$623,503$724,332
53$734,129$620,787$589,769$718,211
54$752,669$594,864$553,185$710,500
55$771,325$565,897$513,601$701,075
56$790,053$533,679$470,860$689,802
57$808,803$497,994$424,798$676,537
58$827,518$458,613$375,246$661,129
59$846,133$415,293$322,025$643,413
60$864,574$367,778$264,948$623,216
61$882,759$315,797$203,822$600,350
62$900,593$259,063$138,443$574,616
63$917,972$197,276$68,599$545,800
64$934,777$130,114$0$513,673
65$950,876$57,242$0$478,941
66$966,121$0$0$452,170
67$980,346$0$0$431,916
68$993,366$0$0$436,860
69$1,004,974$0$0$441,078
70$1,014,940$0$0$444,454
71$1,023,008$0$0$446,865
72$1,028,892$0$0$448,169
73$1,032,274$0$0$448,211
74$1,032,802$0$0$446,819
75$1,030,084$0$0$443,801
76$1,023,684$0$0$438,945
77$1,013,121$0$0$432,014
78$997,858$0$0$422,748
79$977,302$0$0$410,856
80$950,797$0$0$396,019
81$917,612$0$0$377,881
82$876,943$0$0$356,049
83$827,896$0$0$330,088
84$769,483$0$0$299,518
85$700,613$0$0$263,806
86$620,075$0$0$222,364
87$526,536$0$0$174,542
88$418,516$0$0$119,621
89$294,384$0$0$56,808
90$152,335$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0