Can I retire at age 51 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$53,098$52,625$52,164$51,714$51,274$49,953
2 years$26,286$25,797$25,322$24,862$24,416$23,094
3 years$17,350$16,858$16,385$15,929$15,491$14,209
4 years$12,883$12,393$11,924$11,476$11,048$9,817
5 years$10,203$9,716$9,254$8,815$8,399$7,221
6 years$8,417$7,934$7,478$7,049$6,645$5,522
7 years$7,142$6,663$6,215$5,796$5,405$4,336
8 years$6,186$5,711$5,270$4,862$4,484$3,469
9 years$5,443$4,973$4,539$4,141$3,776$2,815
10 years$4,849$4,383$3,958$3,570$3,217$2,309
11 years$4,364$3,902$3,484$3,107$2,767$1,909
12 years$3,959$3,502$3,092$2,725$2,398$1,589
13 years$3,617$3,165$2,763$2,406$2,091$1,330
14 years$3,324$2,877$2,482$2,136$1,833$1,118
15 years$3,070$2,628$2,241$1,905$1,614$943
16 years$2,849$2,411$2,032$1,705$1,426$798
17 years$2,653$2,221$1,849$1,532$1,265$677
18 years$2,480$2,052$1,688$1,381$1,124$575
19 years$2,325$1,902$1,545$1,248$1,002$490
20 years$2,185$1,767$1,418$1,130$895$418
21 years$2,059$1,646$1,304$1,026$801$357
22 years$1,945$1,537$1,202$933$718$305
23 years$1,841$1,437$1,110$849$645$261
24 years$1,745$1,347$1,027$775$579$223
25 years$1,658$1,264$951$707$521$191
26 years$1,577$1,188$882$647$470$164
27 years$1,502$1,118$819$592$423$140
28 years$1,433$1,053$761$542$382$120
29 years$1,369$994$708$497$345$103
30 years$1,309$938$660$456$312$89
31 years$1,253$887$615$419$282$76
32 years$1,201$839$574$385$255$65
33 years$1,152$795$536$354$231$56
34 years$1,105$753$501$326$209$48
35 years$1,062$715$468$300$189$41
36 years$1,021$678$438$276$171$36
37 years$983$644$410$255$155$31
38 years$946$612$384$235$141$26
39 years$912$582$360$216$128$23
40 years$879$554$337$200$116$19
41 years$848$527$316$184$105$17
42 years$819$502$296$170$95$14
43 years$791$478$278$157$87$12
44 years$764$456$261$145$79$11
45 years$739$435$245$134$71$9
46 years$714$415$230$124$65$8
47 years$691$396$216$114$59$7
48 years$669$378$203$106$53$6
49 years$648$361$191$98$49$5
50 years$628$345$180$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $643,000, adding $4,249 every year, while hoping to spend $27,723 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: 39/37/24 Blend
50$643,000$643,000$643,000$643,000
51$712,969$678,890$668,923$735,548
52$756,195$682,658$661,835$756,064
53$802,900$685,682$653,580$775,325
54$853,411$687,896$644,091$795,602
55$908,086$689,230$633,295$817,005
56$967,318$689,609$621,117$839,656
57$1,031,539$688,955$607,479$863,690
58$1,101,227$687,184$592,300$889,259
59$1,176,903$684,207$575,493$916,533
60$1,259,143$679,929$556,969$945,699
61$1,348,581$674,252$536,633$976,969
62$1,445,914$667,067$514,387$1,010,575
63$1,551,907$658,264$490,129$1,046,779
64$1,667,405$647,722$463,752$1,085,869
65$1,793,336$635,316$435,143$1,128,169
66$1,930,721$620,911$404,185$1,174,037
67$2,080,685$604,366$370,756$1,223,869
68$2,244,466$585,531$334,727$1,278,109
69$2,423,426$564,247$295,965$1,337,248
70$2,619,066$540,345$254,330$1,401,830
71$2,833,037$513,649$209,677$1,472,460
72$3,067,158$483,969$161,853$1,549,810
73$3,323,433$451,108$110,699$1,634,622
74$3,604,065$414,854$56,049$1,727,723
75$3,911,483$374,985$0$1,830,027
76$4,248,361$331,267$0$1,943,129
77$4,617,645$283,450$0$2,082,925
78$5,022,579$231,273$0$2,236,338
79$5,466,735$174,458$0$2,404,797
80$5,954,048$112,713$0$2,589,878
81$6,488,853$45,728$0$2,793,325
82$7,075,924$0$0$3,017,061
83$7,720,520$0$0$3,274,134
84$8,428,435$0$0$3,576,996
85$9,206,051$0$0$3,909,770
86$10,060,397$0$0$4,275,477
87$10,999,220$0$0$4,677,443
88$12,031,052$0$0$5,119,335
89$13,165,292$0$0$5,605,191
90$14,412,298$0$0$6,139,460
91$15,783,479$0$0$6,727,044
92$17,291,406$0$0$7,373,345
93$18,949,929$0$0$8,084,313
94$20,774,308$0$0$8,866,505
95$22,781,355$0$0$9,727,145
96$24,989,595$0$0$10,674,192
97$27,419,439$0$0$11,716,416
98$30,093,375$0$0$12,863,481
99$33,036,183$0$0$14,126,034
100$36,275,165$0$0$15,515,808