Can I retire at age 51 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$51,942$51,480$51,028$50,588$50,157$48,436
2 years$25,714$25,235$24,771$24,321$23,884$22,167
3 years$16,972$16,491$16,028$15,583$15,153$13,495
4 years$12,602$12,123$11,665$11,226$10,807$9,220
5 years$9,981$9,505$9,052$8,623$8,216$6,704
6 years$8,234$7,761$7,316$6,896$6,501$5,066
7 years$6,987$6,518$6,079$5,669$5,287$3,928
8 years$6,052$5,587$5,156$4,756$4,386$3,102
9 years$5,325$4,864$4,441$4,051$3,694$2,484
10 years$4,744$4,288$3,871$3,492$3,147$2,009
11 years$4,269$3,817$3,408$3,039$2,707$1,638
12 years$3,873$3,426$3,025$2,666$2,346$1,344
13 years$3,538$3,096$2,702$2,353$2,045$1,108
14 years$3,252$2,814$2,428$2,089$1,793$918
15 years$3,004$2,571$2,192$1,863$1,579$762
16 years$2,787$2,359$1,988$1,668$1,395$635
17 years$2,596$2,172$1,809$1,499$1,237$530
18 years$2,426$2,007$1,651$1,351$1,100$443
19 years$2,274$1,860$1,511$1,221$980$371
20 years$2,138$1,729$1,387$1,105$876$311
21 years$2,015$1,610$1,276$1,003$784$261
22 years$1,903$1,503$1,176$912$702$219
23 years$1,801$1,406$1,086$831$631$184
24 years$1,707$1,317$1,004$758$567$155
25 years$1,622$1,236$930$692$510$131
26 years$1,543$1,162$863$633$459$110
27 years$1,470$1,093$801$579$414$93
28 years$1,402$1,030$745$531$374$78
29 years$1,339$972$693$487$337$66
30 years$1,280$918$645$447$305$55
31 years$1,226$868$602$410$276$47
32 years$1,174$821$561$377$249$39
33 years$1,126$778$524$347$226$33
34 years$1,081$737$490$319$204$28
35 years$1,039$699$458$294$185$24
36 years$999$663$428$270$168$20
37 years$961$630$401$249$152$17
38 years$926$599$375$230$138$14
39 years$892$569$352$212$125$12
40 years$860$542$330$195$113$10
41 years$830$516$309$180$103$9
42 years$801$491$290$166$93$7
43 years$773$468$272$153$85$6
44 years$747$446$255$142$77$5
45 years$722$425$240$131$70$4
46 years$699$406$225$121$63$4
47 years$676$387$212$112$58$3
48 years$655$370$199$103$52$3
49 years$634$353$187$95$47$2
50 years$614$337$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $629,000, adding $3,213 every year, while hoping to spend $22,299 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: 64/22/14 Blend
50$629,000$629,000$629,000$629,000
51$696,472$663,135$653,386$738,517
52$743,786$671,903$651,548$775,828
53$795,179$680,353$648,902$813,702
54$851,043$688,446$645,396$854,524
55$911,810$696,140$640,977$898,582
56$977,955$703,391$635,590$946,193
57$1,050,001$710,152$629,177$997,706
58$1,128,523$716,371$621,675$1,053,506
59$1,214,153$721,994$613,023$1,114,018
60$1,307,590$726,965$603,152$1,179,711
61$1,409,599$731,221$591,992$1,251,101
62$1,521,024$734,698$579,471$1,328,758
63$1,642,797$737,325$565,511$1,413,310
64$1,775,939$739,031$550,032$1,505,451
65$1,921,576$739,736$532,950$1,605,945
66$2,080,951$739,356$514,178$1,715,636
67$2,255,428$737,805$493,623$1,835,452
68$2,446,511$734,987$471,189$1,966,419
69$2,655,858$730,804$446,776$2,109,668
70$2,885,292$725,149$420,279$2,266,447
71$3,136,821$717,912$391,589$2,438,130
72$3,412,660$708,972$360,590$2,626,234
73$3,715,244$698,205$327,163$2,832,431
74$4,047,259$685,476$291,182$3,058,566
75$4,411,660$670,646$252,518$3,306,674
76$4,811,705$653,563$211,033$3,578,996
77$5,250,982$634,070$166,585$3,878,006
78$5,733,441$611,999$119,025$4,206,432
79$6,263,438$587,173$68,198$4,567,279
80$6,845,768$559,404$13,942$4,963,865
81$7,485,714$528,493$0$5,399,846
82$8,189,098$494,230$0$5,885,819
83$8,962,332$456,393$0$6,422,312
84$9,812,481$414,748$0$7,012,170
85$10,747,330$369,045$0$7,660,823
86$11,775,452$319,024$0$8,374,261
87$12,906,298$264,406$0$9,159,082
88$14,150,278$204,898$0$10,022,561
89$15,518,861$140,193$0$10,972,716
90$17,024,684$69,962$0$12,018,385
91$18,681,673$0$0$13,169,309
92$20,505,170$0$0$14,437,709
93$22,512,080$0$0$15,852,381
94$24,721,028$0$0$17,409,523
95$27,152,541$0$0$19,123,609
96$29,829,231$0$0$21,010,590
97$32,776,018$0$0$23,088,038
98$36,020,360$0$0$25,375,318
99$39,592,513$0$0$27,893,768
100$43,525,814$0$0$30,666,901