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%18.7%
1 years$53,676$53,198$52,732$52,276$51,832$50,013
2 years$26,572$26,078$25,598$25,133$24,682$22,868
3 years$17,539$17,042$16,564$16,103$15,659$13,908
4 years$13,023$12,528$12,054$11,601$11,168$9,493
5 years$10,314$9,822$9,354$8,911$8,490$6,895
6 years$8,509$8,020$7,560$7,126$6,718$5,204
7 years$7,220$6,735$6,282$5,859$5,463$4,031
8 years$6,254$5,773$5,328$4,915$4,532$3,180
9 years$5,503$5,027$4,589$4,186$3,817$2,543
10 years$4,902$4,431$4,001$3,609$3,252$2,054
11 years$4,411$3,945$3,522$3,141$2,797$1,673
12 years$4,002$3,540$3,126$2,755$2,424$1,371
13 years$3,656$3,200$2,793$2,432$2,114$1,129
14 years$3,360$2,908$2,509$2,159$1,853$933
15 years$3,104$2,657$2,266$1,925$1,631$774
16 years$2,880$2,438$2,054$1,724$1,442$644
17 years$2,682$2,245$1,869$1,549$1,278$536
18 years$2,507$2,074$1,706$1,396$1,137$448
19 years$2,350$1,923$1,562$1,261$1,013$374
20 years$2,209$1,786$1,433$1,142$905$313
21 years$2,082$1,664$1,319$1,037$810$263
22 years$1,966$1,553$1,215$943$726$220
23 years$1,861$1,453$1,122$858$652$185
24 years$1,764$1,361$1,038$783$586$155
25 years$1,676$1,277$961$715$527$131
26 years$1,594$1,201$891$654$475$110
27 years$1,519$1,130$828$598$428$92
28 years$1,449$1,065$769$548$386$78
29 years$1,384$1,004$716$503$349$65
30 years$1,323$949$667$461$315$55
31 years$1,267$897$622$424$285$46
32 years$1,214$848$580$390$258$39
33 years$1,164$803$542$358$233$33
34 years$1,117$762$506$330$211$28
35 years$1,074$722$473$303$191$23
36 years$1,032$686$443$279$173$20
37 years$993$651$414$257$157$16
38 years$957$619$388$237$142$14
39 years$922$588$364$219$129$12
40 years$889$560$341$202$117$10
41 years$857$533$319$186$106$8
42 years$828$508$300$172$96$7
43 years$799$484$281$159$87$6
44 years$772$461$264$146$79$5
45 years$747$440$248$135$72$4
46 years$722$419$233$125$65$4
47 years$699$400$219$115$59$3
48 years$676$382$206$107$54$2
49 years$655$365$193$99$49$2
50 years$635$348$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $650,000, adding $3,840 every year, while hoping to spend $40,848 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: 28/49/23 Blend
50$650,000$650,000$650,000$650,000
51$720,261$685,811$675,736$735,144
52$750,266$675,954$654,911$737,244
53$781,962$664,244$632,020$735,647
54$815,479$650,549$606,949$733,075
55$850,958$634,726$579,582$729,472
56$888,553$616,626$549,796$724,778
57$928,433$596,088$517,462$718,935
58$970,782$572,945$482,446$711,879
59$1,015,802$547,020$444,608$703,550
60$1,063,713$518,123$403,801$693,882
61$1,114,756$486,055$359,873$682,813
62$1,169,196$450,606$312,663$670,277
63$1,227,321$411,554$262,005$656,209
64$1,289,450$368,662$207,724$640,546
65$1,355,930$321,682$149,638$623,224
66$1,427,141$270,351$87,558$604,179
67$1,503,503$214,392$21,285$583,351
68$1,585,474$153,510$0$560,682
69$1,673,557$87,397$0$548,250
70$1,768,304$15,724$0$540,234
71$1,870,324$0$0$531,413
72$1,980,282$0$0$555,157
73$2,098,909$0$0$590,000
74$2,227,011$0$0$627,712
75$2,365,471$0$0$668,562
76$2,515,260$0$0$712,849
77$2,677,445$0$0$760,900
78$2,853,200$0$0$813,076
79$3,043,816$0$0$869,772
80$3,250,712$0$0$931,425
81$3,475,449$0$0$998,514
82$3,719,744$0$0$1,071,567
83$3,985,485$0$0$1,151,163
84$4,274,751$0$0$1,237,944
85$4,589,829$0$0$1,332,610
86$4,933,235$0$0$1,435,937
87$5,307,739$0$0$1,548,777
88$5,716,388$0$0$1,672,067
89$6,162,538$0$0$1,806,840
90$6,649,883$0$0$1,954,233
91$7,182,488$0$0$2,115,497
92$7,764,830$0$0$2,292,012
93$8,401,837$0$0$2,485,294
94$9,098,935$0$0$2,697,014
95$9,862,102$0$0$2,929,015
96$10,697,916$0$0$3,183,321
97$11,613,625$0$0$3,462,167
98$12,617,208$0$0$3,768,011
99$13,717,455$0$0$4,103,561
100$14,924,047$0$0$4,471,800