Can I retire at age 51 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$53,429$52,953$52,488$52,035$51,593$51,182
2 years$26,450$25,957$25,480$25,017$24,568$24,154
3 years$17,458$16,963$16,487$16,029$15,587$15,182
4 years$12,963$12,470$11,998$11,548$11,117$10,725
5 years$10,267$9,777$9,311$8,870$8,451$8,073
6 years$8,470$7,983$7,525$7,093$6,687$6,323
7 years$7,187$6,704$6,253$5,832$5,438$5,089
8 years$6,225$5,747$5,303$4,892$4,511$4,176
9 years$5,477$5,004$4,568$4,167$3,799$3,479
10 years$4,879$4,410$3,982$3,592$3,237$2,931
11 years$4,391$3,926$3,506$3,126$2,784$2,492
12 years$3,984$3,524$3,111$2,742$2,413$2,134
13 years$3,639$3,185$2,780$2,421$2,104$1,838
14 years$3,345$2,895$2,498$2,149$1,844$1,592
15 years$3,090$2,645$2,255$1,916$1,624$1,384
16 years$2,866$2,426$2,045$1,716$1,435$1,208
17 years$2,670$2,235$1,860$1,542$1,272$1,057
18 years$2,495$2,065$1,698$1,389$1,131$927
19 years$2,339$1,914$1,555$1,255$1,008$816
20 years$2,199$1,778$1,427$1,137$901$719
21 years$2,072$1,656$1,312$1,032$806$634
22 years$1,957$1,546$1,210$938$723$561
23 years$1,852$1,446$1,117$855$649$496
24 years$1,756$1,355$1,033$779$583$440
25 years$1,668$1,271$957$712$525$390
26 years$1,587$1,195$887$651$473$346
27 years$1,512$1,125$824$596$426$307
28 years$1,442$1,060$766$546$384$273
29 years$1,377$1,000$713$501$347$243
30 years$1,317$944$664$459$314$216
31 years$1,261$893$619$422$284$193
32 years$1,208$845$577$388$257$171
33 years$1,159$800$539$357$232$153
34 years$1,112$758$504$328$210$136
35 years$1,069$719$471$302$190$121
36 years$1,028$682$441$278$172$108
37 years$989$648$412$256$156$97
38 years$952$616$386$236$142$86
39 years$917$586$362$218$129$77
40 years$885$557$339$201$117$69
41 years$853$530$318$185$106$61
42 years$824$505$298$171$96$55
43 years$796$481$280$158$87$49
44 years$769$459$263$146$79$44
45 years$743$438$247$135$72$39
46 years$719$417$232$124$65$35
47 years$696$398$218$115$59$31
48 years$673$380$205$106$54$28
49 years$652$363$192$98$49$25
50 years$632$347$181$91$44$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $647,000, adding $3,372 every year, while hoping to spend $28,929 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: 48/43/9 Blend
50$647,000$647,000$647,000$647,000
51$716,472$682,181$672,153$748,963
52$758,772$684,828$663,890$774,265
53$804,417$686,635$654,380$798,411
54$853,718$687,530$643,552$823,959
55$907,015$687,437$631,329$851,048
56$964,685$686,276$617,633$879,833
57$1,027,140$683,960$602,381$910,486
58$1,094,833$680,399$585,485$943,197
59$1,168,262$675,495$566,855$978,179
60$1,247,977$669,146$546,397$1,015,666
61$1,334,580$661,243$524,010$1,055,919
62$1,428,734$651,672$499,592$1,099,228
63$1,531,171$640,309$473,034$1,145,914
64$1,642,692$627,026$444,222$1,196,332
65$1,764,181$611,685$413,039$1,250,878
66$1,896,612$594,142$379,359$1,309,988
67$2,041,053$574,242$343,055$1,374,148
68$2,198,684$551,823$303,991$1,443,895
69$2,370,800$526,713$262,025$1,519,824
70$2,558,830$498,730$217,011$1,602,595
71$2,764,344$467,681$168,794$1,692,938
72$2,989,073$433,363$117,214$1,791,660
73$3,234,921$395,561$62,104$1,899,658
74$3,503,986$354,046$3,287$2,017,922
75$3,798,577$308,579$0$2,147,548
76$4,121,239$258,906$0$2,295,461
77$4,474,770$204,758$0$2,458,000
78$4,862,256$145,851$0$2,636,351
79$5,287,095$81,885$0$2,832,178
80$5,753,027$12,546$0$3,047,315
81$6,264,173$0$0$3,283,794
82$6,825,073$0$0$3,573,428
83$7,440,727$0$0$3,897,926
84$8,116,641$0$0$4,254,263
85$8,858,882$0$0$4,645,647
86$9,674,135$0$0$5,075,612
87$10,569,759$0$0$5,548,051
88$11,553,867$0$0$6,067,252
89$12,635,392$0$0$6,637,941
90$13,824,178$0$0$7,265,322
91$15,131,070$0$0$7,955,132
92$16,568,015$0$0$8,713,687
93$18,148,176$0$0$9,547,950
94$19,886,055$0$0$10,465,589
95$21,797,631$0$0$11,475,057
96$23,900,508$0$0$12,585,662
97$26,214,084$0$0$13,807,663
98$28,759,730$0$0$15,152,364
99$31,560,994$0$0$16,632,218
100$34,643,821$0$0$18,260,949