Can I retire at age 51 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$53,842$53,362$52,894$52,437$51,991$50,388
2 years$26,654$26,158$25,677$25,210$24,758$23,156
3 years$17,593$17,094$16,615$16,152$15,707$14,158
4 years$13,063$12,566$12,091$11,637$11,203$9,717
5 years$10,346$9,852$9,383$8,938$8,516$7,099
6 years$8,535$8,045$7,583$7,148$6,738$5,391
7 years$7,242$6,756$6,302$5,877$5,480$4,202
8 years$6,273$5,791$5,344$4,930$4,546$3,336
9 years$5,520$5,042$4,603$4,199$3,829$2,686
10 years$4,917$4,445$4,013$3,620$3,262$2,185
11 years$4,425$3,957$3,533$3,150$2,806$1,792
12 years$4,014$3,551$3,135$2,763$2,431$1,479
13 years$3,668$3,209$2,801$2,439$2,120$1,227
14 years$3,371$2,917$2,517$2,165$1,858$1,022
15 years$3,113$2,665$2,272$1,931$1,636$854
16 years$2,889$2,445$2,060$1,729$1,446$716
17 years$2,690$2,252$1,875$1,554$1,282$602
18 years$2,515$2,081$1,711$1,400$1,140$507
19 years$2,357$1,928$1,567$1,265$1,016$427
20 years$2,216$1,792$1,438$1,146$908$361
21 years$2,088$1,669$1,323$1,040$812$305
22 years$1,972$1,558$1,219$946$728$258
23 years$1,867$1,457$1,126$861$654$218
24 years$1,770$1,365$1,041$785$587$185
25 years$1,681$1,281$964$717$529$157
26 years$1,599$1,204$894$656$476$133
27 years$1,523$1,133$830$600$429$113
28 years$1,453$1,068$772$550$387$96
29 years$1,388$1,007$718$504$350$81
30 years$1,327$951$669$463$316$69
31 years$1,270$899$624$425$286$59
32 years$1,217$851$582$391$258$50
33 years$1,168$806$543$359$234$42
34 years$1,121$764$508$331$212$36
35 years$1,077$725$475$304$192$31
36 years$1,036$688$444$280$174$26
37 years$996$653$416$258$158$22
38 years$959$621$389$238$143$19
39 years$925$590$365$219$130$16
40 years$891$562$342$202$117$14
41 years$860$535$320$187$107$12
42 years$830$509$301$172$97$10
43 years$802$485$282$159$88$8
44 years$775$462$265$147$80$7
45 years$749$441$249$136$72$6
46 years$724$421$234$125$66$5
47 years$701$401$219$116$60$4
48 years$679$383$206$107$54$4
49 years$657$366$194$99$49$3
50 years$637$350$182$91$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $652,000, adding $2,773 every year, while hoping to spend $28,734 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: 44/50/6 Blend
50$652,000$652,000$652,000$652,000
51$721,364$686,808$676,702$751,764
52$764,371$689,889$668,799$776,130
53$810,801$692,158$659,668$799,335
54$860,973$693,545$649,238$823,814
55$915,239$693,974$637,433$849,693
56$973,982$693,368$624,177$877,112
57$1,037,627$691,642$609,386$906,228
58$1,106,640$688,707$592,974$937,214
59$1,181,531$684,468$574,853$970,263
60$1,262,866$678,825$554,929$1,005,590
61$1,351,261$671,671$533,103$1,043,434
62$1,447,401$662,893$509,272$1,084,059
63$1,552,033$652,372$483,330$1,127,760
64$1,665,983$639,981$455,164$1,174,863
65$1,790,158$625,586$424,657$1,225,731
66$1,925,559$609,044$391,688$1,280,766
67$2,073,283$590,204$356,127$1,340,415
68$2,234,542$568,908$317,841$1,405,171
69$2,410,667$544,987$276,691$1,475,586
70$2,603,126$518,262$232,530$1,552,266
71$2,813,532$488,544$185,208$1,635,886
72$3,043,664$455,635$134,564$1,727,195
73$3,295,479$419,321$80,432$1,827,020
74$3,571,131$379,382$22,640$1,936,278
75$3,872,995$335,580$0$2,055,985
76$4,203,683$287,666$0$2,189,766
77$4,566,075$235,377$0$2,338,076
78$4,963,339$178,436$0$2,500,855
79$5,398,967$116,546$0$2,679,642
80$5,876,804$49,400$0$2,876,139
81$6,401,086$0$0$3,092,226
82$6,976,477$0$0$3,342,822
83$7,608,117$0$0$3,647,834
84$8,301,664$0$0$3,982,824
85$9,063,356$0$0$4,350,814
86$9,900,059$0$0$4,755,135
87$10,819,343$0$0$5,199,453
88$11,829,542$0$0$5,687,809
89$12,939,839$0$0$6,224,655
90$14,160,353$0$0$6,814,895
91$15,502,231$0$0$7,463,933
92$16,977,751$0$0$8,177,720
93$18,600,445$0$0$8,962,817
94$20,385,219$0$0$9,826,449
95$22,348,497$0$0$10,776,578
96$24,508,375$0$0$11,821,977
97$26,884,791$0$0$12,972,312
98$29,499,713$0$0$14,238,232
99$32,377,346$0$0$15,631,473
100$35,544,361$0$0$17,164,964