Can I retire at age 51 with 599,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$49,465$49,024$48,594$48,175$47,765$47,544
2 years$24,488$24,031$23,590$23,161$22,745$22,522
3 years$16,163$15,705$15,264$14,839$14,431$14,212
4 years$12,001$11,545$11,108$10,691$10,292$10,080
5 years$9,505$9,051$8,620$8,212$7,824$7,619
6 years$7,841$7,391$6,967$6,567$6,191$5,993
7 years$6,654$6,207$5,789$5,399$5,035$4,845
8 years$5,763$5,320$4,910$4,529$4,177$3,994
9 years$5,071$4,632$4,229$3,858$3,517$3,343
10 years$4,517$4,083$3,687$3,325$2,997$2,830
11 years$4,065$3,635$3,246$2,894$2,578$2,417
12 years$3,688$3,263$2,881$2,539$2,234$2,081
13 years$3,369$2,949$2,574$2,241$1,948$1,802
14 years$3,097$2,680$2,312$1,989$1,707$1,568
15 years$2,860$2,448$2,088$1,774$1,503$1,371
16 years$2,654$2,246$1,893$1,589$1,329$1,203
17 years$2,472$2,069$1,722$1,427$1,178$1,058
18 years$2,310$1,912$1,572$1,286$1,047$934
19 years$2,166$1,772$1,439$1,162$934$826
20 years$2,036$1,646$1,321$1,053$834$732
21 years$1,918$1,533$1,215$955$746$650
22 years$1,812$1,431$1,120$869$669$578
23 years$1,715$1,339$1,034$791$600$515
24 years$1,626$1,254$956$722$540$459
25 years$1,544$1,177$886$659$486$409
26 years$1,469$1,106$821$603$437$366
27 years$1,400$1,041$763$552$394$327
28 years$1,335$981$709$505$356$292
29 years$1,275$926$660$463$321$262
30 years$1,219$874$615$425$290$234
31 years$1,167$826$573$391$263$210
32 years$1,118$782$535$359$237$188
33 years$1,073$740$499$330$215$169
34 years$1,030$702$466$304$195$152
35 years$989$666$436$280$176$136
36 years$951$632$408$257$160$122
37 years$915$600$382$237$145$110
38 years$881$570$358$219$131$98
39 years$849$542$335$202$119$88
40 years$819$516$314$186$108$79
41 years$790$491$294$172$98$71
42 years$763$468$276$158$89$64
43 years$737$446$259$146$81$58
44 years$712$425$243$135$73$52
45 years$688$405$228$125$66$47
46 years$665$386$215$115$60$42
47 years$644$369$202$106$55$38
48 years$623$352$189$98$50$34
49 years$604$336$178$91$45$31
50 years$585$321$167$84$41$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $599,000, adding $4,832 every year, while hoping to spend $40,284 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: 44/26/30 Blend
50$599,000$599,000$599,000$599,000
51$665,082$633,335$624,051$688,371
52$690,059$621,507$602,095$693,685
53$716,233$607,749$578,053$695,261
54$743,684$591,924$551,813$696,214
55$772,498$573,887$523,257$696,510
56$802,770$553,484$492,263$696,114
57$834,601$530,553$458,703$694,992
58$868,102$504,922$422,441$693,109
59$903,394$476,409$383,338$690,431
60$940,609$444,821$341,248$686,924
61$979,888$409,955$296,018$682,554
62$1,021,390$371,596$247,487$677,289
63$1,065,283$329,516$195,490$671,098
64$1,111,755$283,475$139,851$663,952
65$1,161,008$233,219$80,390$655,823
66$1,213,264$178,479$16,916$646,688
67$1,268,765$118,974$0$636,526
68$1,327,778$54,403$0$641,587
69$1,390,593$0$0$652,428
70$1,457,528$0$0$668,140
71$1,528,930$0$0$701,546
72$1,605,181$0$0$737,265
73$1,686,700$0$0$775,499
74$1,773,943$0$0$816,468
75$1,867,415$0$0$860,414
76$1,967,665$0$0$907,604
77$2,075,298$0$0$958,329
78$2,190,979$0$0$1,012,910
79$2,315,434$0$0$1,071,699
80$2,449,466$0$0$1,135,081
81$2,593,950$0$0$1,203,481
82$2,749,854$0$0$1,277,366
83$2,918,236$0$0$1,357,248
84$3,100,261$0$0$1,443,689
85$3,297,211$0$0$1,537,310
86$3,510,493$0$0$1,638,791
87$3,741,654$0$0$1,748,879
88$3,992,395$0$0$1,868,400
89$4,264,589$0$0$1,998,257
90$4,560,293$0$0$2,139,447
91$4,881,771$0$0$2,293,065
92$5,231,514$0$0$2,460,317
93$5,612,263$0$0$2,642,530
94$6,027,033$0$0$2,841,163
95$6,479,143$0$0$3,057,824
96$6,972,244$0$0$3,294,280
97$7,510,357$0$0$3,552,478
98$8,097,907$0$0$3,834,560
99$8,739,763$0$0$4,142,887
100$9,441,288$0$0$4,480,055