Can I retire at age 51 with 602,000?

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 $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%12.3%
1 years$49,713$49,270$48,838$48,416$48,004$47,543
2 years$24,610$24,152$23,708$23,277$22,859$22,394
3 years$16,244$15,784$15,340$14,914$14,503$14,049
4 years$12,061$11,603$11,164$10,745$10,344$9,904
5 years$9,553$9,097$8,664$8,253$7,863$7,439
6 years$7,881$7,428$7,002$6,600$6,222$5,814
7 years$6,687$6,238$5,818$5,426$5,060$4,669
8 years$5,792$5,347$4,934$4,552$4,198$3,823
9 years$5,096$4,656$4,250$3,877$3,535$3,177
10 years$4,540$4,104$3,705$3,342$3,012$2,670
11 years$4,085$3,653$3,262$2,909$2,590$2,264
12 years$3,707$3,279$2,895$2,551$2,245$1,934
13 years$3,386$2,963$2,586$2,252$1,958$1,662
14 years$3,112$2,694$2,324$1,999$1,716$1,436
15 years$2,875$2,461$2,098$1,783$1,511$1,245
16 years$2,667$2,258$1,902$1,597$1,335$1,083
17 years$2,484$2,079$1,731$1,435$1,184$945
18 years$2,322$1,921$1,580$1,293$1,053$827
19 years$2,177$1,781$1,447$1,168$938$725
20 years$2,046$1,655$1,328$1,058$838$637
21 years$1,928$1,541$1,221$960$750$561
22 years$1,821$1,439$1,125$873$672$494
23 years$1,723$1,346$1,039$795$604$436
24 years$1,634$1,261$961$725$542$385
25 years$1,552$1,183$890$662$488$340
26 years$1,476$1,112$826$606$440$301
27 years$1,407$1,046$767$554$396$267
28 years$1,342$986$713$508$358$236
29 years$1,282$930$663$466$323$210
30 years$1,225$878$618$427$292$186
31 years$1,173$830$576$393$264$165
32 years$1,124$786$537$361$239$146
33 years$1,078$744$502$332$216$130
34 years$1,035$705$469$305$196$115
35 years$994$669$438$281$177$103
36 years$956$635$410$259$160$91
37 years$920$603$384$238$145$81
38 years$886$573$359$220$132$72
39 years$854$545$337$203$120$64
40 years$823$518$316$187$108$57
41 years$794$494$296$172$98$51
42 years$766$470$278$159$89$45
43 years$740$448$260$147$81$40
44 years$715$427$244$136$74$36
45 years$691$407$230$125$67$32
46 years$669$388$216$116$61$28
47 years$647$371$203$107$55$25
48 years$626$354$190$99$50$22
49 years$607$338$179$91$45$20
50 years$588$323$168$84$41$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $602,000, adding $3,668 every year, while hoping to spend $40,872 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: 46/47/7 Blend
50$602,000$602,000$602,000$602,000
51$667,188$635,282$625,951$696,434
52$691,753$622,923$603,432$704,582
53$717,455$608,589$578,790$708,860
54$744,365$592,139$551,909$712,549
55$772,562$573,426$522,670$715,606
56$802,132$552,293$490,948$717,991
57$833,167$528,573$456,613$719,657
58$865,769$502,091$419,528$720,559
59$900,045$472,662$379,550$720,652
60$936,116$440,089$336,532$719,889
61$974,111$404,164$290,316$718,220
62$1,014,170$364,668$240,741$715,599
63$1,056,447$321,368$187,638$711,975
64$1,101,110$274,020$130,829$707,301
65$1,148,340$222,364$70,129$701,528
66$1,198,338$166,128$5,346$694,608
67$1,251,321$105,021$0$686,494
68$1,307,528$38,738$0$681,907
69$1,367,217$0$0$676,775
70$1,430,674$0$0$687,763
71$1,498,209$0$0$720,818
72$1,570,163$0$0$756,075
73$1,646,910$0$0$793,724
74$1,728,857$0$0$833,969
75$1,816,453$0$0$877,037
76$1,910,188$0$0$923,174
77$2,010,601$0$0$972,654
78$2,118,281$0$0$1,025,772
79$2,233,876$0$0$1,082,857
80$2,358,097$0$0$1,144,267
81$2,491,724$0$0$1,210,395
82$2,635,614$0$0$1,281,676
83$2,790,708$0$0$1,358,583
84$2,958,038$0$0$1,441,639
85$3,138,740$0$0$1,531,419
86$3,334,062$0$0$1,628,551
87$3,545,374$0$0$1,733,731
88$3,774,184$0$0$1,847,720
89$4,022,149$0$0$1,971,355
90$4,291,091$0$0$2,105,559
91$4,583,014$0$0$2,251,346
92$4,900,121$0$0$2,409,829
93$5,244,836$0$0$2,582,237
94$5,619,827$0$0$2,769,919
95$6,028,028$0$0$2,974,359
96$6,472,667$0$0$3,197,192
97$6,957,297$0$0$3,440,217
98$7,485,828$0$0$3,705,413
99$8,062,565$0$0$3,994,959
100$8,692,244$0$0$4,311,255