Can I retire at age 51 with 639,000?

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 $639,000?

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$52,768$52,298$51,839$51,392$50,955$49,383
2 years$26,123$25,636$25,165$24,708$24,264$22,694
3 years$17,242$16,754$16,283$15,830$15,394$13,876
4 years$12,803$12,316$11,850$11,405$10,979$9,524
5 years$10,140$9,656$9,196$8,760$8,346$6,957
6 years$8,365$7,885$7,432$7,005$6,604$5,283
7 years$7,098$6,621$6,176$5,760$5,371$4,118
8 years$6,148$5,676$5,238$4,832$4,456$3,270
9 years$5,410$4,942$4,511$4,115$3,752$2,632
10 years$4,819$4,356$3,933$3,548$3,197$2,141
11 years$4,336$3,878$3,463$3,087$2,750$1,756
12 years$3,934$3,481$3,073$2,708$2,383$1,449
13 years$3,594$3,145$2,745$2,391$2,078$1,202
14 years$3,303$2,859$2,467$2,122$1,821$1,002
15 years$3,051$2,612$2,227$1,893$1,604$837
16 years$2,831$2,396$2,019$1,695$1,417$702
17 years$2,637$2,207$1,837$1,523$1,257$590
18 years$2,464$2,039$1,677$1,372$1,117$496
19 years$2,310$1,890$1,536$1,240$996$419
20 years$2,172$1,756$1,409$1,123$890$353
21 years$2,047$1,636$1,296$1,019$796$299
22 years$1,933$1,527$1,195$927$714$253
23 years$1,829$1,428$1,103$844$641$214
24 years$1,735$1,338$1,020$770$576$181
25 years$1,647$1,256$945$703$518$154
26 years$1,567$1,180$876$643$467$130
27 years$1,493$1,111$814$588$421$111
28 years$1,424$1,047$756$539$380$94
29 years$1,360$987$704$494$343$80
30 years$1,301$932$656$454$310$68
31 years$1,245$882$611$417$280$57
32 years$1,193$834$570$383$253$49
33 years$1,144$790$533$352$229$41
34 years$1,099$749$498$324$208$35
35 years$1,055$710$465$298$188$30
36 years$1,015$674$435$275$170$25
37 years$977$640$407$253$154$22
38 years$940$608$381$233$140$18
39 years$906$578$357$215$127$16
40 years$874$550$335$198$115$13
41 years$843$524$314$183$104$11
42 years$814$499$295$169$95$10
43 years$786$475$276$156$86$8
44 years$759$453$260$144$78$7
45 years$734$432$244$133$71$6
46 years$710$412$229$123$64$5
47 years$687$393$215$113$58$4
48 years$665$376$202$105$53$4
49 years$644$359$190$97$48$3
50 years$624$343$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $639,000, adding $2,918 every year, while hoping to spend $44,429 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: 68/15/17 Blend
50$639,000$639,000$639,000$639,000
51$707,188$673,321$663,416$752,196
52$732,049$659,042$638,369$768,322
53$757,957$642,573$610,993$780,458
54$784,971$623,762$581,164$792,627
55$813,157$602,445$548,752$804,830
56$842,583$578,449$513,619$817,067
57$873,325$551,592$475,624$829,341
58$905,464$521,679$434,617$841,657
59$939,087$488,508$390,442$854,020
60$974,290$451,860$342,938$866,439
61$1,011,175$411,509$291,934$878,926
62$1,049,853$367,212$237,253$891,495
63$1,090,447$318,714$178,709$904,164
64$1,133,086$265,745$116,110$916,956
65$1,177,915$208,019$49,253$929,897
66$1,225,087$145,237$0$943,020
67$1,274,772$77,080$0$960,370
68$1,327,154$3,212$0$987,778
69$1,382,433$0$0$1,016,396
70$1,440,828$0$0$1,058,992
71$1,502,576$0$0$1,104,612
72$1,567,939$0$0$1,152,919
73$1,637,200$0$0$1,204,127
74$1,710,669$0$0$1,258,466
75$1,788,686$0$0$1,316,190
76$1,871,622$0$0$1,377,578
77$1,959,883$0$0$1,442,931
78$2,053,913$0$0$1,512,583
79$2,154,200$0$0$1,586,898
80$2,261,275$0$0$1,666,273
81$2,375,723$0$0$1,751,147
82$2,498,185$0$0$1,841,997
83$2,629,362$0$0$1,939,350
84$2,770,024$0$0$2,043,781
85$2,921,017$0$0$2,155,922
86$3,083,267$0$0$2,276,467
87$3,257,793$0$0$2,406,178
88$3,445,711$0$0$2,545,891
89$3,648,249$0$0$2,696,525
90$3,866,754$0$0$2,859,089
91$4,102,709$0$0$3,034,691
92$4,357,739$0$0$3,224,549
93$4,633,634$0$0$3,430,003
94$4,932,359$0$0$3,652,525
95$5,256,077$0$0$3,893,733
96$5,607,162$0$0$4,155,406
97$5,988,231$0$0$4,439,503
98$6,402,155$0$0$4,748,175
99$6,852,099$0$0$5,083,790
100$7,341,540$0$0$5,448,954