Can I retire at age 51 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$52,107$51,643$51,190$50,748$50,317$49,854
2 years$25,796$25,315$24,850$24,398$23,960$23,494
3 years$17,026$16,544$16,079$15,632$15,201$14,746
4 years$12,642$12,161$11,702$11,262$10,842$10,401
5 years$10,013$9,535$9,081$8,650$8,242$7,816
6 years$8,260$7,786$7,339$6,918$6,521$6,112
7 years$7,009$6,539$6,099$5,687$5,304$4,911
8 years$6,071$5,605$5,172$4,771$4,400$4,024
9 years$5,342$4,880$4,455$4,064$3,705$3,346
10 years$4,759$4,301$3,884$3,503$3,157$2,814
11 years$4,282$3,829$3,419$3,049$2,715$2,388
12 years$3,885$3,437$3,034$2,674$2,353$2,041
13 years$3,549$3,106$2,711$2,361$2,052$1,755
14 years$3,262$2,823$2,436$2,096$1,799$1,516
15 years$3,013$2,579$2,199$1,869$1,584$1,316
16 years$2,796$2,366$1,994$1,674$1,400$1,146
17 years$2,604$2,179$1,814$1,504$1,241$1,001
18 years$2,434$2,014$1,656$1,355$1,103$876
19 years$2,281$1,866$1,516$1,224$984$769
20 years$2,145$1,734$1,392$1,109$879$676
21 years$2,021$1,615$1,280$1,006$786$595
22 years$1,909$1,508$1,180$915$705$525
23 years$1,806$1,410$1,089$833$633$464
24 years$1,713$1,321$1,007$760$569$410
25 years$1,627$1,240$933$694$512$363
26 years$1,548$1,165$865$635$461$321
27 years$1,474$1,097$804$581$415$285
28 years$1,406$1,034$747$532$375$252
29 years$1,343$975$695$488$339$224
30 years$1,284$921$648$448$306$199
31 years$1,230$870$604$411$277$176
32 years$1,178$824$563$378$250$157
33 years$1,130$780$526$348$226$139
34 years$1,085$739$491$320$205$124
35 years$1,042$701$459$295$186$110
36 years$1,002$666$430$271$168$98
37 years$964$632$402$250$152$87
38 years$929$601$377$230$138$78
39 years$895$571$353$212$125$69
40 years$863$543$331$196$114$61
41 years$832$517$310$181$103$55
42 years$803$493$291$167$94$49
43 years$776$469$273$154$85$43
44 years$750$447$256$142$77$39
45 years$725$427$241$131$70$34
46 years$701$407$226$121$64$31
47 years$678$388$212$112$58$27
48 years$657$371$200$104$52$24
49 years$636$354$188$96$48$22
50 years$616$338$176$88$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $631,000, adding $2,387 every year, while hoping to spend $47,409 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: 66/7/27 Blend
50$631,000$631,000$631,000$631,000
51$697,824$664,381$654,601$738,794
52$718,559$646,493$626,087$748,826
53$739,821$626,139$595,029$754,256
54$761,612$603,150$561,292$759,133
55$783,935$577,342$524,734$763,408
56$806,791$548,527$485,207$767,025
57$830,179$516,501$442,557$769,926
58$854,098$481,050$396,624$772,050
59$878,543$441,948$347,237$773,330
60$903,506$398,955$294,222$773,693
61$928,980$351,820$237,394$773,064
62$954,951$300,275$176,562$771,362
63$981,405$244,037$111,525$768,497
64$1,008,322$182,808$42,075$764,377
65$1,035,679$116,274$0$758,900
66$1,063,448$44,102$0$761,190
67$1,091,597$0$0$775,435
68$1,120,088$0$0$792,070
69$1,148,874$0$0$812,295
70$1,177,904$0$0$832,675
71$1,207,119$0$0$853,167
72$1,236,449$0$0$873,718
73$1,265,817$0$0$894,272
74$1,295,132$0$0$914,762
75$1,324,293$0$0$935,115
76$1,353,187$0$0$955,246
77$1,381,683$0$0$975,059
78$1,409,635$0$0$994,448
79$1,436,879$0$0$1,013,294
80$1,463,232$0$0$1,031,459
81$1,488,486$0$0$1,048,794
82$1,512,410$0$0$1,065,130
83$1,534,745$0$0$1,080,276
84$1,555,202$0$0$1,094,022
85$1,573,460$0$0$1,106,132
86$1,589,158$0$0$1,116,344
87$1,601,896$0$0$1,124,365
88$1,611,229$0$0$1,129,870
89$1,616,661$0$0$1,132,497
90$1,617,641$0$0$1,131,845
91$1,613,558$0$0$1,127,467
92$1,603,732$0$0$1,118,868
93$1,587,410$0$0$1,105,499
94$1,563,756$0$0$1,086,750
95$1,531,844$0$0$1,061,945
96$1,490,647$0$0$1,030,338
97$1,439,029$0$0$991,099
98$1,375,730$0$0$943,311
99$1,299,357$0$0$885,960
100$1,208,369$0$0$817,920