Can I retire at age 51 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$52,685$52,216$51,758$51,311$50,875$50,618
2 years$26,082$25,596$25,125$24,669$24,226$23,967
3 years$17,215$16,727$16,258$15,806$15,370$15,116
4 years$12,783$12,296$11,832$11,387$10,962$10,716
5 years$10,124$9,641$9,182$8,746$8,333$8,095
6 years$8,352$7,872$7,420$6,995$6,594$6,365
7 years$7,087$6,611$6,166$5,751$5,363$5,142
8 years$6,138$5,667$5,229$4,824$4,449$4,237
9 years$5,401$4,934$4,504$4,109$3,746$3,544
10 years$4,812$4,349$3,927$3,542$3,192$2,998
11 years$4,330$3,872$3,457$3,083$2,745$2,560
12 years$3,928$3,475$3,068$2,704$2,379$2,202
13 years$3,589$3,140$2,741$2,387$2,075$1,905
14 years$3,298$2,855$2,463$2,119$1,819$1,657
15 years$3,047$2,608$2,224$1,890$1,601$1,448
16 years$2,827$2,393$2,016$1,692$1,415$1,269
17 years$2,633$2,203$1,835$1,520$1,255$1,116
18 years$2,461$2,036$1,675$1,370$1,116$984
19 years$2,307$1,887$1,533$1,238$994$870
20 years$2,168$1,754$1,407$1,121$888$770
21 years$2,043$1,633$1,294$1,018$795$684
22 years$1,930$1,525$1,193$925$713$607
23 years$1,827$1,426$1,101$843$640$540
24 years$1,732$1,336$1,019$769$575$481
25 years$1,645$1,254$943$702$517$429
26 years$1,565$1,178$875$642$466$383
27 years$1,491$1,109$812$587$420$342
28 years$1,422$1,045$755$538$379$306
29 years$1,358$986$703$494$342$273
30 years$1,299$931$655$453$309$245
31 years$1,243$880$610$416$280$219
32 years$1,191$833$569$382$253$196
33 years$1,143$789$532$352$229$176
34 years$1,097$747$497$323$207$158
35 years$1,054$709$464$298$188$141
36 years$1,013$673$435$274$170$127
37 years$975$639$407$253$154$114
38 years$939$607$381$233$140$102
39 years$905$578$357$215$127$92
40 years$872$549$334$198$115$82
41 years$841$523$314$183$104$74
42 years$812$498$294$169$95$66
43 years$784$475$276$156$86$60
44 years$758$452$259$144$78$54
45 years$733$431$243$133$71$48
46 years$709$412$229$123$64$43
47 years$686$393$215$113$58$39
48 years$664$375$202$105$53$35
49 years$643$358$190$97$48$31
50 years$623$342$178$89$44$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $638,000, adding $4,787 every year, while hoping to spend $40,146 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: 58/35/7 Blend
50$638,000$638,000$638,000$638,000
51$708,014$674,200$664,311$747,738
52$737,516$664,521$643,850$765,309
53$768,682$653,021$621,359$779,486
54$801,639$639,571$596,726$793,939
55$836,527$624,030$569,836$808,699
56$873,495$606,251$540,569$823,799
57$912,712$586,077$508,798$839,279
58$954,357$563,343$474,391$855,185
59$998,630$537,875$437,211$871,569
60$1,045,746$509,487$397,114$888,492
61$1,095,944$477,984$353,949$906,023
62$1,149,483$443,158$307,559$924,241
63$1,206,649$404,791$257,781$943,236
64$1,267,753$362,652$204,442$963,110
65$1,333,137$316,495$147,365$983,978
66$1,403,177$266,063$86,361$1,005,974
67$1,478,284$211,083$21,237$1,029,245
68$1,558,909$151,266$0$1,053,960
69$1,645,548$86,309$0$1,083,913
70$1,738,744$15,888$0$1,117,640
71$1,839,095$0$0$1,153,810
72$1,947,256$0$0$1,215,948
73$2,063,948$0$0$1,289,630
74$2,189,962$0$0$1,369,242
75$2,326,167$0$0$1,455,338
76$2,473,518$0$0$1,548,528
77$2,633,068$0$0$1,649,484
78$2,805,970$0$0$1,758,942
79$2,993,494$0$0$1,877,712
80$3,197,037$0$0$2,006,687
81$3,418,135$0$0$2,146,847
82$3,658,477$0$0$2,299,271
83$3,919,923$0$0$2,465,145
84$4,204,517$0$0$2,645,777
85$4,514,510$0$0$2,842,602
86$4,852,377$0$0$3,057,202
87$5,220,845$0$0$3,291,318
88$5,622,912$0$0$3,546,866
89$6,061,881$0$0$3,825,954
90$6,541,386$0$0$4,130,905
91$7,065,428$0$0$4,464,274
92$7,638,412$0$0$4,828,875
93$8,265,188$0$0$5,227,806
94$8,951,096$0$0$5,664,480
95$9,702,018$0$0$6,142,653
96$10,524,427$0$0$6,666,462
97$11,425,455$0$0$7,240,463
98$12,412,956$0$0$7,869,673
99$13,495,578$0$0$8,559,620
100$14,682,848$0$0$9,316,389