Can I retire at age 51 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$49,713$49,270$48,838$48,416$48,004$46,505
2 years$24,610$24,152$23,708$23,277$22,859$21,362
3 years$16,244$15,784$15,340$14,914$14,503$13,055
4 years$12,061$11,603$11,164$10,745$10,344$8,956
5 years$9,553$9,097$8,664$8,253$7,863$6,539
6 years$7,881$7,428$7,002$6,600$6,222$4,963
7 years$6,687$6,238$5,818$5,426$5,060$3,866
8 years$5,792$5,347$4,934$4,552$4,198$3,068
9 years$5,096$4,656$4,250$3,877$3,535$2,468
10 years$4,540$4,104$3,705$3,342$3,012$2,007
11 years$4,085$3,653$3,262$2,909$2,590$1,645
12 years$3,707$3,279$2,895$2,551$2,245$1,356
13 years$3,386$2,963$2,586$2,252$1,958$1,125
14 years$3,112$2,694$2,324$1,999$1,716$936
15 years$2,875$2,461$2,098$1,783$1,511$782
16 years$2,667$2,258$1,902$1,597$1,335$655
17 years$2,484$2,079$1,731$1,435$1,184$550
18 years$2,322$1,921$1,580$1,293$1,053$463
19 years$2,177$1,781$1,447$1,168$938$390
20 years$2,046$1,655$1,328$1,058$838$329
21 years$1,928$1,541$1,221$960$750$278
22 years$1,821$1,439$1,125$873$672$235
23 years$1,723$1,346$1,039$795$604$199
24 years$1,634$1,261$961$725$542$168
25 years$1,552$1,183$890$662$488$142
26 years$1,476$1,112$826$606$440$121
27 years$1,407$1,046$767$554$396$102
28 years$1,342$986$713$508$358$87
29 years$1,282$930$663$466$323$74
30 years$1,225$878$618$427$292$62
31 years$1,173$830$576$393$264$53
32 years$1,124$786$537$361$239$45
33 years$1,078$744$502$332$216$38
34 years$1,035$705$469$305$196$32
35 years$994$669$438$281$177$28
36 years$956$635$410$259$160$23
37 years$920$603$384$238$145$20
38 years$886$573$359$220$132$17
39 years$854$545$337$203$120$14
40 years$823$518$316$187$108$12
41 years$794$494$296$172$98$10
42 years$766$470$278$159$89$9
43 years$740$448$260$147$81$7
44 years$715$427$244$136$74$6
45 years$691$407$230$125$67$5
46 years$669$388$216$116$61$5
47 years$647$371$203$107$55$4
48 years$626$354$190$99$50$3
49 years$607$338$179$91$45$3
50 years$588$323$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $602,000, adding $4,052 every year, while hoping to spend $49,195 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: 68/9/23 Blend
50$602,000$602,000$602,000$602,000
51$667,584$635,678$626,347$708,820
52$683,334$614,483$594,986$715,772
53$699,042$590,600$560,926$717,327
54$714,652$563,847$524,025$717,865
55$730,099$534,029$484,133$717,286
56$745,313$500,940$441,094$715,480
57$760,212$464,363$394,748$712,326
58$774,705$424,068$344,923$707,696
59$788,690$379,813$291,444$701,447
60$802,054$331,340$234,124$693,427
61$814,667$278,380$172,771$683,467
62$826,387$220,644$107,183$671,386
63$837,054$157,832$37,149$656,985
64$846,490$89,622$0$640,049
65$854,496$15,678$0$629,567
66$860,852$0$0$626,388
67$865,310$0$0$627,538
68$867,598$0$0$628,595
69$867,411$0$0$627,776
70$864,411$0$0$624,827
71$858,224$0$0$619,469
72$848,433$0$0$611,387
73$834,578$0$0$600,236
74$816,147$0$0$585,632
75$792,574$0$0$567,150
76$763,232$0$0$544,319
77$727,427$0$0$516,618
78$684,389$0$0$483,469
79$633,268$0$0$444,236
80$573,123$0$0$398,211
81$502,915$0$0$344,615
82$421,492$0$0$282,584
83$327,584$0$0$211,165
84$219,784$0$0$129,304
85$96,541$0$0$35,835
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0