Can I retire at age 51 with 644,000?

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 $644,000?

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$53,181$52,707$52,245$51,794$51,353$50,881
2 years$26,327$25,837$25,362$24,901$24,454$23,978
3 years$17,377$16,885$16,411$15,954$15,515$15,050
4 years$12,903$12,412$11,943$11,494$11,065$10,615
5 years$10,219$9,731$9,268$8,829$8,412$7,977
6 years$8,431$7,946$7,490$7,060$6,656$6,238
7 years$7,153$6,673$6,224$5,805$5,413$5,012
8 years$6,196$5,720$5,279$4,869$4,491$4,107
9 years$5,452$4,980$4,546$4,148$3,782$3,415
10 years$4,857$4,390$3,964$3,575$3,222$2,871
11 years$4,370$3,908$3,490$3,112$2,771$2,437
12 years$3,965$3,508$3,097$2,729$2,401$2,083
13 years$3,623$3,170$2,767$2,410$2,094$1,791
14 years$3,329$2,881$2,486$2,139$1,836$1,548
15 years$3,075$2,632$2,245$1,908$1,616$1,343
16 years$2,853$2,415$2,035$1,708$1,428$1,169
17 years$2,657$2,224$1,852$1,535$1,267$1,021
18 years$2,484$2,055$1,690$1,383$1,126$894
19 years$2,328$1,905$1,548$1,250$1,004$785
20 years$2,189$1,770$1,420$1,132$897$690
21 years$2,063$1,649$1,306$1,027$802$608
22 years$1,948$1,539$1,204$934$719$536
23 years$1,844$1,439$1,112$851$646$473
24 years$1,748$1,349$1,028$776$580$418
25 years$1,660$1,266$952$708$522$370
26 years$1,579$1,189$883$648$470$328
27 years$1,505$1,119$820$593$424$290
28 years$1,435$1,055$762$543$383$257
29 years$1,371$995$709$498$346$228
30 years$1,311$940$661$457$312$203
31 years$1,255$888$616$420$282$180
32 years$1,202$841$575$386$255$160
33 years$1,153$796$537$355$231$142
34 years$1,107$754$501$327$209$126
35 years$1,064$716$469$301$189$112
36 years$1,023$679$439$277$172$100
37 years$984$645$411$255$156$89
38 years$948$613$384$235$141$79
39 years$913$583$360$217$128$70
40 years$880$555$338$200$116$63
41 years$849$528$317$184$105$56
42 years$820$503$297$170$96$50
43 years$792$479$279$157$87$44
44 years$765$457$262$145$79$39
45 years$740$435$246$134$71$35
46 years$715$415$231$124$65$31
47 years$692$396$217$114$59$28
48 years$670$378$204$106$53$25
49 years$649$361$191$98$49$22
50 years$629$345$180$90$44$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $644,000, adding $4,877 every year, while hoping to spend $25,268 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: 63/20/17 Blend
50$644,000$644,000$644,000$644,000
51$714,719$680,587$670,605$756,408
52$760,735$687,050$666,185$791,481
53$810,598$692,984$660,770$826,460
54$864,674$698,335$654,301$864,058
55$923,364$703,047$646,713$904,531
56$987,111$707,060$637,942$948,164
57$1,056,402$710,312$627,919$995,267
58$1,131,771$712,733$616,570$1,046,186
59$1,213,808$714,254$603,822$1,101,302
60$1,303,161$714,796$589,594$1,161,033
61$1,400,542$714,280$573,804$1,225,845
62$1,506,737$712,619$556,366$1,296,249
63$1,622,608$709,722$537,189$1,372,809
64$1,749,107$705,491$516,178$1,456,148
65$1,887,281$699,825$493,234$1,546,955
66$2,038,281$692,613$468,254$1,645,987
67$2,203,375$683,741$441,131$1,754,083
68$2,383,961$673,085$411,750$1,872,166
69$2,581,575$660,517$379,994$2,001,256
70$2,797,911$645,898$345,739$2,142,479
71$3,034,833$629,082$308,857$2,297,074
72$3,294,395$609,916$269,212$2,466,413
73$3,578,857$588,236$226,665$2,652,006
74$3,890,710$563,869$181,068$2,855,519
75$4,232,697$536,633$132,268$3,078,792
76$4,607,838$506,334$80,104$3,323,854
77$5,019,460$472,767$24,411$3,592,942
78$5,471,230$435,717$0$3,888,525
79$5,967,183$394,955$0$4,219,679
80$6,511,766$350,239$0$4,588,192
81$7,109,879$301,313$0$4,992,980
82$7,766,918$247,909$0$5,437,732
83$8,488,828$189,740$0$5,926,515
84$9,282,157$126,506$0$6,463,813
85$10,154,121$57,889$0$7,054,567
86$11,112,669$0$0$7,704,227
87$12,166,557$0$0$8,422,416
88$13,325,435$0$0$9,226,212
89$14,599,932$0$0$10,110,253
90$16,001,760$0$0$11,082,670
91$17,543,821$0$0$12,152,421
92$19,240,335$0$0$13,329,375
93$21,106,965$0$0$14,624,406
94$23,160,970$0$0$16,049,496
95$25,421,369$0$0$17,617,848
96$27,909,115$0$0$19,344,008
97$30,647,296$0$0$21,244,004
98$33,661,352$0$0$23,335,497
99$36,979,315$0$0$25,637,948
100$40,632,072$0$0$28,172,799