Can I retire at age 51 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$53,263$52,789$52,326$51,874$51,433$50,048
2 years$26,368$25,877$25,401$24,940$24,492$23,106
3 years$17,404$16,911$16,436$15,979$15,539$14,196
4 years$12,923$12,431$11,961$11,512$11,082$9,793
5 years$10,235$9,746$9,282$8,842$8,425$7,192
6 years$8,444$7,959$7,502$7,071$6,666$5,491
7 years$7,165$6,684$6,234$5,814$5,421$4,304
8 years$6,206$5,729$5,287$4,877$4,498$3,438
9 years$5,460$4,988$4,554$4,154$3,788$2,784
10 years$4,864$4,397$3,970$3,581$3,227$2,279
11 years$4,377$3,914$3,495$3,116$2,775$1,881
12 years$3,971$3,513$3,102$2,734$2,405$1,563
13 years$3,628$3,175$2,771$2,413$2,097$1,306
14 years$3,334$2,886$2,490$2,142$1,839$1,095
15 years$3,080$2,636$2,248$1,911$1,619$922
16 years$2,858$2,419$2,038$1,711$1,431$778
17 years$2,662$2,228$1,855$1,537$1,269$659
18 years$2,488$2,058$1,693$1,385$1,128$559
19 years$2,332$1,908$1,550$1,252$1,005$475
20 years$2,192$1,773$1,422$1,134$898$404
21 years$2,066$1,651$1,308$1,029$804$344
22 years$1,951$1,541$1,206$935$720$293
23 years$1,847$1,442$1,113$852$647$250
24 years$1,751$1,351$1,030$777$581$214
25 years$1,663$1,268$954$710$523$183
26 years$1,582$1,191$885$649$471$156
27 years$1,507$1,121$821$594$425$134
28 years$1,438$1,056$764$544$383$114
29 years$1,373$997$711$499$346$98
30 years$1,313$941$662$458$313$84
31 years$1,257$890$617$421$283$72
32 years$1,204$842$576$387$256$61
33 years$1,155$797$538$355$231$53
34 years$1,109$756$502$327$210$45
35 years$1,065$717$470$301$190$39
36 years$1,024$680$439$277$172$33
37 years$986$646$411$255$156$28
38 years$949$614$385$235$141$24
39 years$915$584$361$217$128$21
40 years$882$556$338$200$116$18
41 years$851$529$317$185$105$15
42 years$821$504$297$171$96$13
43 years$793$480$279$157$87$11
44 years$766$457$262$145$79$10
45 years$741$436$246$134$72$8
46 years$717$416$231$124$65$7
47 years$693$397$217$115$59$6
48 years$671$379$204$106$54$5
49 years$650$362$192$98$49$4
50 years$630$346$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 $645,000, adding $4,112 every year, while hoping to spend $20,571 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: 68/21/11 Blend
50$645,000$645,000$645,000$645,000
51$715,032$680,847$670,849$761,712
52$766,077$692,321$671,435$804,735
53$821,640$703,667$671,351$848,919
54$882,160$714,859$670,554$896,704
55$948,118$725,866$668,996$948,440
56$1,020,048$736,655$666,629$1,004,512
57$1,098,534$747,192$663,402$1,065,346
58$1,184,221$757,441$659,262$1,131,410
59$1,277,817$767,361$654,153$1,203,221
60$1,380,104$776,911$648,016$1,281,347
61$1,491,940$786,045$640,790$1,366,417
62$1,614,271$794,715$632,411$1,459,121
63$1,748,141$802,870$622,810$1,560,221
64$1,894,696$810,455$611,918$1,670,556
65$2,055,198$817,411$599,661$1,791,053
66$2,231,040$823,676$585,962$1,922,731
67$2,423,754$829,183$570,739$2,066,714
68$2,635,027$833,863$553,909$2,224,242
69$2,866,717$837,640$535,382$2,396,682
70$3,120,871$840,433$515,067$2,585,538
71$3,399,744$842,159$492,866$2,792,471
72$3,705,820$842,726$468,678$3,019,311
73$4,041,833$842,039$442,399$3,268,073
74$4,410,797$839,996$413,916$3,540,982
75$4,816,031$836,489$383,115$3,840,488
76$5,261,193$831,403$349,876$4,169,292
77$5,750,309$824,617$314,071$4,530,372
78$6,287,818$816,001$275,570$4,927,010
79$6,878,609$805,418$234,235$5,362,823
80$7,528,068$792,724$189,923$5,841,800
81$8,242,129$777,765$142,483$6,368,337
82$9,027,329$760,379$91,759$6,947,279
83$9,890,871$740,392$37,587$7,583,967
84$10,840,691$717,623$0$8,284,289
85$11,885,533$691,877$0$9,057,108
86$13,035,030$662,952$0$9,912,065
87$14,299,797$630,631$0$10,852,650
88$15,691,528$594,684$0$11,887,578
89$17,223,111$554,870$0$13,026,450
90$18,908,743$510,933$0$14,279,850
91$20,764,069$462,603$0$15,659,443
92$22,806,327$409,594$0$17,178,082
93$25,054,512$351,603$0$18,849,934
94$27,529,552$288,312$0$20,690,614
95$30,254,511$219,384$0$22,717,327
96$33,254,798$144,461$0$24,949,039
97$36,558,417$63,169$0$27,406,649
98$40,196,221$0$0$30,113,190
99$44,202,209$0$0$33,099,801
100$48,613,847$0$0$36,404,963