Can I retire at age 51 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$52,851$52,380$51,921$51,472$51,034$49,322
2 years$26,164$25,676$25,204$24,746$24,302$22,594
3 years$17,269$16,780$16,309$15,855$15,418$13,768
4 years$12,823$12,335$11,869$11,423$10,996$9,416
5 years$10,156$9,671$9,211$8,774$8,359$6,853
6 years$8,378$7,897$7,443$7,016$6,614$5,184
7 years$7,109$6,632$6,186$5,769$5,379$4,025
8 years$6,158$5,685$5,246$4,839$4,463$3,183
9 years$5,418$4,950$4,518$4,122$3,758$2,551
10 years$4,827$4,363$3,939$3,553$3,202$2,066
11 years$4,343$3,884$3,468$3,092$2,754$1,687
12 years$3,941$3,486$3,078$2,712$2,387$1,386
13 years$3,600$3,150$2,750$2,395$2,081$1,144
14 years$3,309$2,864$2,471$2,126$1,824$949
15 years$3,056$2,616$2,231$1,896$1,606$789
16 years$2,835$2,400$2,022$1,697$1,420$658
17 years$2,641$2,210$1,840$1,525$1,259$550
18 years$2,468$2,042$1,680$1,374$1,119$461
19 years$2,314$1,893$1,538$1,242$998$386
20 years$2,175$1,759$1,411$1,125$891$324
21 years$2,050$1,638$1,298$1,021$797$273
22 years$1,936$1,529$1,197$928$715$229
23 years$1,832$1,430$1,105$845$642$193
24 years$1,737$1,340$1,022$771$577$163
25 years$1,650$1,258$946$704$519$137
26 years$1,570$1,182$878$644$467$116
27 years$1,495$1,112$815$589$421$98
28 years$1,426$1,048$758$540$380$82
29 years$1,362$989$705$495$343$70
30 years$1,303$934$657$454$310$59
31 years$1,247$883$612$417$280$50
32 years$1,195$835$571$384$254$42
33 years$1,146$791$533$353$230$35
34 years$1,100$750$498$324$208$30
35 years$1,057$711$466$299$188$25
36 years$1,016$675$436$275$171$21
37 years$978$641$408$253$155$18
38 years$942$609$382$234$140$15
39 years$908$579$358$215$127$13
40 years$875$551$335$199$115$11
41 years$844$525$315$183$105$9
42 years$815$500$295$169$95$8
43 years$787$476$277$156$86$7
44 years$760$454$260$144$78$6
45 years$735$433$244$133$71$5
46 years$711$413$229$123$64$4
47 years$688$394$215$114$59$3
48 years$666$376$202$105$53$3
49 years$645$359$190$97$48$2
50 years$625$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $640,000, adding $2,624 every year, while hoping to spend $35,468 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: 60/28/12 Blend
50$640,000$640,000$640,000$640,000
51$707,987$674,067$664,147$748,261
52$742,464$669,358$648,658$770,946
53$779,268$663,230$631,462$791,443
54$818,601$655,576$612,463$812,942
55$860,681$646,282$591,563$835,543
56$905,749$635,228$568,658$859,358
57$954,067$622,286$543,641$884,508
58$1,005,926$607,322$516,397$911,133
59$1,061,643$590,193$486,808$939,385
60$1,121,566$570,748$454,751$969,435
61$1,186,077$548,826$420,097$1,001,474
62$1,255,597$524,259$382,711$1,035,712
63$1,330,587$496,867$342,451$1,072,385
64$1,411,555$466,461$299,170$1,111,754
65$1,499,056$432,840$252,715$1,154,109
66$1,593,703$395,792$202,924$1,199,774
67$1,696,169$355,095$149,631$1,249,106
68$1,807,194$310,510$92,659$1,302,504
69$1,927,590$261,788$31,826$1,360,409
70$2,058,254$208,664$0$1,423,313
71$2,200,167$150,861$0$1,495,995
72$2,354,413$88,081$0$1,579,446
73$2,522,181$20,016$0$1,670,282
74$2,704,782$0$0$1,769,273
75$2,903,656$0$0$1,893,805
76$3,120,389$0$0$2,036,287
77$3,356,727$0$0$2,191,706
78$3,614,590$0$0$2,361,331
79$3,896,093$0$0$2,546,558
80$4,203,563$0$0$2,748,927
81$4,539,561$0$0$2,970,129
82$4,906,910$0$0$3,212,030
83$5,308,714$0$0$3,476,682
84$5,748,392$0$0$3,766,344
85$6,229,711$0$0$4,083,505
86$6,756,817$0$0$4,430,907
87$7,334,275$0$0$4,811,566
88$7,967,114$0$0$5,228,807
89$8,660,872$0$0$5,686,289
90$9,421,648$0$0$6,188,046
91$10,256,161$0$0$6,738,517
92$11,171,809$0$0$7,342,593
93$12,176,743$0$0$8,005,663
94$13,279,941$0$0$8,733,661
95$14,491,292$0$0$9,533,125
96$15,821,690$0$0$10,411,256
97$17,283,135$0$0$11,375,987
98$18,888,849$0$0$12,436,059
99$20,653,394$0$0$13,601,099
100$22,592,816$0$0$14,881,715