Can I retire at age 51 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$53,594$53,116$52,651$52,196$51,752$51,212
2 years$26,532$26,037$25,559$25,094$24,644$24,100
3 years$17,512$17,016$16,538$16,078$15,635$15,104
4 years$13,003$12,508$12,035$11,583$11,151$10,637
5 years$10,299$9,807$9,340$8,897$8,477$7,982
6 years$8,496$8,008$7,548$7,115$6,707$6,231
7 years$7,209$6,725$6,273$5,850$5,455$4,998
8 years$6,244$5,765$5,320$4,907$4,525$4,088
9 years$5,494$5,019$4,582$4,180$3,811$3,393
10 years$4,895$4,424$3,994$3,603$3,247$2,848
11 years$4,404$3,939$3,517$3,136$2,793$2,413
12 years$3,996$3,535$3,121$2,750$2,420$2,058
13 years$3,651$3,195$2,788$2,428$2,110$1,767
14 years$3,355$2,904$2,505$2,156$1,850$1,524
15 years$3,099$2,653$2,262$1,922$1,629$1,319
16 years$2,875$2,434$2,051$1,721$1,440$1,147
17 years$2,678$2,241$1,866$1,547$1,276$999
18 years$2,503$2,071$1,704$1,394$1,135$873
19 years$2,346$1,920$1,560$1,259$1,012$764
20 years$2,206$1,784$1,431$1,141$904$671
21 years$2,079$1,661$1,317$1,035$809$589
22 years$1,963$1,551$1,213$941$725$518
23 years$1,858$1,451$1,120$857$651$457
24 years$1,762$1,359$1,036$782$585$403
25 years$1,673$1,275$960$714$526$356
26 years$1,592$1,199$890$653$474$314
27 years$1,516$1,128$826$598$427$278
28 years$1,446$1,063$768$547$386$246
29 years$1,382$1,003$715$502$348$217
30 years$1,321$947$666$461$315$193
31 years$1,265$895$621$423$284$171
32 years$1,212$847$579$389$257$151
33 years$1,162$802$541$358$233$134
34 years$1,116$760$505$329$211$119
35 years$1,072$721$472$303$191$105
36 years$1,031$685$442$279$173$94
37 years$992$650$414$257$157$83
38 years$955$618$387$237$142$74
39 years$920$588$363$218$129$65
40 years$887$559$340$201$117$58
41 years$856$532$319$186$106$52
42 years$826$507$299$172$96$46
43 years$798$483$281$158$87$41
44 years$771$460$264$146$79$36
45 years$745$439$247$135$72$32
46 years$721$419$232$125$65$29
47 years$698$400$218$115$59$25
48 years$675$381$205$106$54$23
49 years$654$364$193$98$49$20
50 years$634$348$181$91$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $649,000, adding $4,626 every year, while hoping to spend $27,934 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: 49/33/18 Blend
50$649,000$649,000$649,000$649,000
51$719,970$685,573$675,513$751,415
52$763,685$689,444$668,421$777,531
53$810,923$692,569$660,156$802,651
54$862,014$694,882$650,647$829,340
55$917,320$696,311$639,824$857,757
56$977,239$696,783$627,611$888,078
57$1,042,210$696,219$613,929$920,497
58$1,112,715$694,533$598,696$955,230
59$1,189,284$691,637$581,824$992,516
60$1,272,500$687,436$563,224$1,032,620
61$1,363,004$681,829$542,801$1,075,837
62$1,461,502$674,710$520,456$1,122,492
63$1,568,769$665,965$496,085$1,172,946
64$1,685,661$655,475$469,582$1,227,598
65$1,813,118$643,113$440,832$1,286,893
66$1,952,174$628,743$409,718$1,351,319
67$2,103,969$612,225$376,117$1,421,420
68$2,269,756$593,406$339,899$1,497,797
69$2,450,915$572,127$300,930$1,581,115
70$2,648,967$548,219$259,069$1,672,110
71$2,865,583$521,504$214,169$1,771,596
72$3,102,607$491,792$166,078$1,880,474
73$3,362,066$458,883$114,635$1,999,741
74$3,646,195$422,566$59,673$2,130,497
75$3,957,452$382,617$1,018$2,273,963
76$4,298,547$338,800$0$2,431,484
77$4,672,463$290,865$0$2,616,378
78$5,082,485$238,549$0$2,819,440
79$5,532,233$181,572$0$3,042,332
80$6,025,691$119,640$0$3,287,105
81$6,567,252$52,443$0$3,556,021
82$7,161,750$0$0$3,851,578
83$7,814,514$0$0$4,183,921
84$8,531,410$0$0$4,569,905
85$9,318,904$0$0$4,993,974
86$10,184,118$0$0$5,459,973
87$11,134,895$0$0$5,972,138
88$12,179,880$0$0$6,535,134
89$13,328,594$0$0$7,154,101
90$14,591,527$0$0$7,834,702
91$15,980,237$0$0$8,583,179
92$17,507,457$0$0$9,406,403
93$19,187,217$0$0$10,311,951
94$21,034,973$0$0$11,308,166
95$23,067,756$0$0$12,404,244
96$25,304,330$0$0$13,610,315
97$27,765,370$0$0$14,937,541
98$30,473,656$0$0$16,398,223
99$33,454,288$0$0$18,005,911
100$36,734,923$0$0$19,775,538