Can I retire at age 51 with 601,000?

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 $601,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$49,630$49,188$48,757$48,336$47,925$47,583
2 years$24,569$24,112$23,668$23,238$22,821$22,476
3 years$16,217$15,757$15,315$14,889$14,479$14,142
4 years$12,041$11,583$11,145$10,727$10,326$10,000
5 years$9,537$9,081$8,649$8,239$7,850$7,535
6 years$7,868$7,416$6,990$6,589$6,211$5,908
7 years$6,676$6,228$5,809$5,417$5,052$4,760
8 years$5,782$5,338$4,926$4,544$4,191$3,911
9 years$5,088$4,648$4,243$3,871$3,529$3,261
10 years$4,533$4,097$3,699$3,337$3,007$2,751
11 years$4,078$3,647$3,257$2,904$2,586$2,342
12 years$3,700$3,274$2,890$2,547$2,241$2,008
13 years$3,381$2,958$2,582$2,249$1,954$1,732
14 years$3,107$2,689$2,320$1,996$1,713$1,502
15 years$2,870$2,456$2,095$1,780$1,508$1,308
16 years$2,663$2,254$1,899$1,594$1,333$1,142
17 years$2,480$2,076$1,728$1,432$1,182$1,001
18 years$2,318$1,918$1,578$1,291$1,051$880
19 years$2,173$1,778$1,444$1,166$937$775
20 years$2,043$1,652$1,325$1,056$837$684
21 years$1,925$1,539$1,219$959$749$604
22 years$1,818$1,436$1,124$872$671$535
23 years$1,721$1,343$1,037$794$602$474
24 years$1,631$1,259$959$724$542$421
25 years$1,549$1,181$889$661$487$374
26 years$1,474$1,110$824$605$439$332
27 years$1,404$1,045$765$553$396$296
28 years$1,339$984$711$507$357$263
29 years$1,279$929$662$465$322$234
30 years$1,223$877$617$427$291$209
31 years$1,171$829$575$392$263$186
32 years$1,122$784$536$360$238$166
33 years$1,076$743$501$331$216$148
34 years$1,033$704$468$305$195$132
35 years$993$668$438$281$177$118
36 years$955$634$409$258$160$106
37 years$918$602$383$238$145$94
38 years$884$572$359$219$132$84
39 years$852$544$336$202$119$75
40 years$822$518$315$187$108$67
41 years$793$493$295$172$98$60
42 years$765$469$277$159$89$54
43 years$739$447$260$147$81$48
44 years$714$426$244$135$73$43
45 years$690$406$229$125$67$39
46 years$668$388$215$116$61$35
47 years$646$370$202$107$55$31
48 years$625$353$190$99$50$28
49 years$606$337$179$91$45$25
50 years$587$322$168$84$41$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $601,000, adding $2,142 every year, while hoping to spend $43,854 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: 52/39/9 Blend
50$601,000$601,000$601,000$601,000
51$664,511$632,658$623,343$697,433
52$685,631$616,998$597,565$704,404
53$707,436$599,101$569,453$707,073
54$729,948$578,811$538,883$708,943
55$753,192$555,963$505,726$709,949
56$777,195$530,382$469,845$710,021
57$801,982$501,883$431,097$709,087
58$827,580$470,272$389,336$707,068
59$854,020$435,341$344,404$703,882
60$881,330$396,873$296,142$699,442
61$909,541$354,636$244,379$693,656
62$938,688$308,387$188,939$686,426
63$968,803$257,866$129,637$677,650
64$999,922$202,804$66,282$667,218
65$1,032,084$142,910$0$655,016
66$1,065,326$77,882$0$641,051
67$1,099,689$7,399$0$631,867
68$1,135,218$0$0$620,978
69$1,171,956$0$0$637,825
70$1,209,951$0$0$658,534
71$1,249,253$0$0$679,959
72$1,289,914$0$0$702,128
73$1,331,990$0$0$725,072
74$1,375,538$0$0$748,824
75$1,420,620$0$0$773,416
76$1,467,301$0$0$798,885
77$1,515,650$0$0$825,270
78$1,565,739$0$0$852,610
79$1,617,645$0$0$880,949
80$1,671,449$0$0$910,331
81$1,727,239$0$0$940,806
82$1,785,107$0$0$972,423
83$1,845,150$0$0$1,005,239
84$1,907,473$0$0$1,039,312
85$1,972,188$0$0$1,074,703
86$2,039,414$0$0$1,111,480
87$2,109,278$0$0$1,149,713
88$2,181,916$0$0$1,189,480
89$2,257,474$0$0$1,230,861
90$2,336,109$0$0$1,273,945
91$2,417,988$0$0$1,318,826
92$2,503,292$0$0$1,365,605
93$2,592,216$0$0$1,414,392
94$2,684,967$0$0$1,465,304
95$2,781,772$0$0$1,518,468
96$2,882,873$0$0$1,574,022
97$2,988,534$0$0$1,632,114
98$3,099,038$0$0$1,692,903
99$3,214,692$0$0$1,756,564
100$3,335,829$0$0$1,823,284