Can I retire at age 51 with 599,000?

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 $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%15.1%
1 years$49,465$49,024$48,594$48,175$47,765$46,762
2 years$24,488$24,031$23,590$23,161$22,745$21,740
3 years$16,163$15,705$15,264$14,839$14,431$13,454
4 years$12,001$11,545$11,108$10,691$10,292$9,351
5 years$9,505$9,051$8,620$8,212$7,824$6,922
6 years$7,841$7,391$6,967$6,567$6,191$5,329
7 years$6,654$6,207$5,789$5,399$5,035$4,212
8 years$5,763$5,320$4,910$4,529$4,177$3,394
9 years$5,071$4,632$4,229$3,858$3,517$2,774
10 years$4,517$4,083$3,687$3,325$2,997$2,292
11 years$4,065$3,635$3,246$2,894$2,578$1,910
12 years$3,688$3,263$2,881$2,539$2,234$1,602
13 years$3,369$2,949$2,574$2,241$1,948$1,352
14 years$3,097$2,680$2,312$1,989$1,707$1,146
15 years$2,860$2,448$2,088$1,774$1,503$975
16 years$2,654$2,246$1,893$1,589$1,329$832
17 years$2,472$2,069$1,722$1,427$1,178$712
18 years$2,310$1,912$1,572$1,286$1,047$610
19 years$2,166$1,772$1,439$1,162$934$524
20 years$2,036$1,646$1,321$1,053$834$451
21 years$1,918$1,533$1,215$955$746$389
22 years$1,812$1,431$1,120$869$669$335
23 years$1,715$1,339$1,034$791$600$289
24 years$1,626$1,254$956$722$540$250
25 years$1,544$1,177$886$659$486$216
26 years$1,469$1,106$821$603$437$187
27 years$1,400$1,041$763$552$394$162
28 years$1,335$981$709$505$356$140
29 years$1,275$926$660$463$321$122
30 years$1,219$874$615$425$290$105
31 years$1,167$826$573$391$263$91
32 years$1,118$782$535$359$237$79
33 years$1,073$740$499$330$215$69
34 years$1,030$702$466$304$195$60
35 years$989$666$436$280$176$52
36 years$951$632$408$257$160$45
37 years$915$600$382$237$145$39
38 years$881$570$358$219$131$34
39 years$849$542$335$202$119$29
40 years$819$516$314$186$108$26
41 years$790$491$294$172$98$22
42 years$763$468$276$158$89$19
43 years$737$446$259$146$81$17
44 years$712$425$243$135$73$15
45 years$688$405$228$125$66$13
46 years$665$386$215$115$60$11
47 years$644$369$202$106$55$10
48 years$623$352$189$98$50$8
49 years$604$336$178$91$45$7
50 years$585$321$167$84$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $599,000, adding $4,721 every year, while hoping to spend $27,805 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: 40/39/21 Blend
50$599,000$599,000$599,000$599,000
51$664,968$633,221$623,936$687,265
52$703,210$634,664$615,254$705,135
53$744,421$635,247$605,349$721,451
54$788,875$634,896$594,150$738,537
55$836,871$633,537$581,585$756,477
56$888,740$631,089$567,577$775,367
57$944,845$627,465$552,044$795,315
58$1,005,584$622,576$534,902$816,442
59$1,071,396$616,325$516,064$838,881
60$1,142,763$608,609$495,437$862,783
61$1,220,215$599,321$472,924$888,319
62$1,304,336$588,346$448,425$915,674
63$1,395,765$575,563$421,835$945,061
64$1,495,210$560,842$393,043$976,713
65$1,603,446$544,048$361,935$1,010,891
66$1,721,328$525,037$328,390$1,047,889
67$1,849,795$503,655$292,282$1,088,029
68$1,989,881$479,742$253,481$1,131,674
69$2,142,726$453,126$211,850$1,179,226
70$2,309,582$423,627$167,245$1,231,133
71$2,491,829$391,054$119,517$1,287,892
72$2,690,985$355,205$68,510$1,350,056
73$2,908,722$315,867$14,062$1,418,240
74$3,146,881$272,814$0$1,493,125
75$3,407,488$225,807$0$1,585,339
76$3,692,776$174,595$0$1,689,857
77$4,005,201$118,912$0$1,804,499
78$4,347,470$58,477$0$1,930,343
79$4,722,563$0$0$2,068,581
80$5,133,763$0$0$2,223,538
81$5,584,684$0$0$2,421,062
82$6,079,308$0$0$2,637,812
83$6,622,022$0$0$2,875,718
84$7,217,654$0$0$3,136,910
85$7,871,527$0$0$3,423,732
86$8,589,502$0$0$3,738,765
87$9,378,035$0$0$4,084,854
88$10,244,240$0$0$4,465,134
89$11,195,950$0$0$4,883,057
90$12,241,800$0$0$5,342,425
91$13,391,298$0$0$5,847,431
92$14,654,921$0$0$6,402,689
93$16,044,211$0$0$7,013,286
94$17,571,886$0$0$7,684,827
95$19,251,955$0$0$8,423,484
96$21,099,854$0$0$9,236,061
97$23,132,592$0$0$10,130,052
98$25,368,906$0$0$11,113,715
99$27,829,444$0$0$12,196,149
100$30,536,953$0$0$13,387,381