Can I retire at age 51 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$53,676$53,198$52,732$52,276$51,832$51,312
2 years$26,572$26,078$25,598$25,133$24,682$24,158
3 years$17,539$17,042$16,564$16,103$15,659$15,148
4 years$13,023$12,528$12,054$11,601$11,168$10,674
5 years$10,314$9,822$9,354$8,911$8,490$8,013
6 years$8,509$8,020$7,560$7,126$6,718$6,259
7 years$7,220$6,735$6,282$5,859$5,463$5,024
8 years$6,254$5,773$5,328$4,915$4,532$4,111
9 years$5,503$5,027$4,589$4,186$3,817$3,414
10 years$4,902$4,431$4,001$3,609$3,252$2,868
11 years$4,411$3,945$3,522$3,141$2,797$2,431
12 years$4,002$3,540$3,126$2,755$2,424$2,075
13 years$3,656$3,200$2,793$2,432$2,114$1,782
14 years$3,360$2,908$2,509$2,159$1,853$1,538
15 years$3,104$2,657$2,266$1,925$1,631$1,333
16 years$2,880$2,438$2,054$1,724$1,442$1,159
17 years$2,682$2,245$1,869$1,549$1,278$1,011
18 years$2,507$2,074$1,706$1,396$1,137$884
19 years$2,350$1,923$1,562$1,261$1,013$774
20 years$2,209$1,786$1,433$1,142$905$680
21 years$2,082$1,664$1,319$1,037$810$598
22 years$1,966$1,553$1,215$943$726$526
23 years$1,861$1,453$1,122$858$652$464
24 years$1,764$1,361$1,038$783$586$410
25 years$1,676$1,277$961$715$527$362
26 years$1,594$1,201$891$654$475$320
27 years$1,519$1,130$828$598$428$283
28 years$1,449$1,065$769$548$386$251
29 years$1,384$1,004$716$503$349$222
30 years$1,323$949$667$461$315$197
31 years$1,267$897$622$424$285$174
32 years$1,214$848$580$390$258$155
33 years$1,164$803$542$358$233$137
34 years$1,117$762$506$330$211$122
35 years$1,074$722$473$303$191$108
36 years$1,032$686$443$279$173$96
37 years$993$651$414$257$157$85
38 years$957$619$388$237$142$76
39 years$922$588$364$219$129$67
40 years$889$560$341$202$117$60
41 years$857$533$319$186$106$53
42 years$828$508$300$172$96$47
43 years$799$484$281$159$87$42
44 years$772$461$264$146$79$37
45 years$747$440$248$135$72$33
46 years$722$419$233$125$65$30
47 years$699$400$219$115$59$26
48 years$676$382$206$107$54$23
49 years$655$365$193$99$49$21
50 years$635$348$182$91$45$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $650,000, adding $3,968 every year, while hoping to spend $34,424 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: 61/31/8 Blend
50$650,000$650,000$650,000$650,000
51$720,393$685,943$675,868$762,877
52$757,246$682,927$661,883$788,775
53$796,705$678,610$646,275$812,698
54$838,998$672,891$628,955$837,932
55$884,377$665,665$609,826$864,604
56$933,119$656,818$588,791$892,854
57$985,527$646,231$565,745$922,840
58$1,041,933$633,779$540,579$954,735
59$1,102,702$619,326$513,181$988,732
60$1,168,237$602,732$483,432$1,025,044
61$1,238,977$583,846$451,207$1,063,910
62$1,315,408$562,509$416,377$1,105,592
63$1,398,061$538,554$378,807$1,150,383
64$1,487,522$511,802$338,356$1,198,606
65$1,584,434$482,065$294,876$1,250,622
66$1,689,505$449,145$248,213$1,306,827
67$1,803,511$412,830$198,205$1,367,663
68$1,927,310$372,899$144,685$1,433,620
69$2,061,840$329,116$87,477$1,505,238
70$2,208,138$281,233$26,398$1,583,118
71$2,367,342$228,987$0$1,667,924
72$2,540,705$172,102$0$1,763,702
73$2,729,606$110,284$0$1,870,577
74$2,935,562$43,223$0$1,987,212
75$3,160,242$0$0$2,114,622
76$3,405,486$0$0$2,263,964
77$3,673,316$0$0$2,443,208
78$3,965,959$0$0$2,639,107
79$4,285,867$0$0$2,853,309
80$4,635,741$0$0$3,087,628
81$5,018,552$0$0$3,344,060
82$5,437,574$0$0$3,624,805
83$5,896,411$0$0$3,932,286
84$6,399,032$0$0$4,269,168
85$6,949,807$0$0$4,638,390
86$7,553,551$0$0$5,043,186
87$8,215,565$0$0$5,487,120
88$8,941,688$0$0$5,974,115
89$9,738,352$0$0$6,508,493
90$10,612,641$0$0$7,095,016
91$11,572,358$0$0$7,738,928
92$12,626,099$0$0$8,446,007
93$13,783,333$0$0$9,222,615
94$15,054,489$0$0$10,075,763
95$16,451,059$0$0$11,013,174
96$17,985,702$0$0$12,043,356
97$19,672,361$0$0$13,175,682
98$21,526,402$0$0$14,420,478
99$23,564,749$0$0$15,789,121
100$25,806,052$0$0$17,294,145