Can I retire at age 51 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$49,795$49,352$48,919$48,497$48,084$47,602
2 years$24,651$24,192$23,747$23,316$22,897$22,411
3 years$16,271$15,810$15,366$14,939$14,527$14,053
4 years$12,081$11,622$11,182$10,762$10,361$9,902
5 years$9,569$9,112$8,678$8,267$7,876$7,434
6 years$7,894$7,440$7,013$6,611$6,232$5,807
7 years$6,698$6,248$5,828$5,435$5,068$4,660
8 years$5,802$5,356$4,943$4,559$4,205$3,814
9 years$5,105$4,663$4,257$3,884$3,541$3,167
10 years$4,548$4,111$3,711$3,348$3,017$2,661
11 years$4,092$3,659$3,267$2,913$2,595$2,255
12 years$3,713$3,284$2,900$2,556$2,249$1,925
13 years$3,392$2,968$2,591$2,256$1,961$1,653
14 years$3,117$2,698$2,328$2,003$1,719$1,427
15 years$2,879$2,465$2,102$1,786$1,513$1,236
16 years$2,672$2,261$1,905$1,599$1,338$1,075
17 years$2,488$2,083$1,734$1,437$1,186$938
18 years$2,326$1,924$1,583$1,295$1,054$820
19 years$2,180$1,783$1,449$1,170$940$718
20 years$2,049$1,657$1,330$1,060$840$631
21 years$1,931$1,544$1,223$962$751$555
22 years$1,824$1,441$1,127$874$673$488
23 years$1,726$1,348$1,041$796$605$431
24 years$1,637$1,263$963$726$543$380
25 years$1,555$1,185$892$663$489$336
26 years$1,479$1,114$827$607$440$297
27 years$1,409$1,048$768$555$397$263
28 years$1,344$988$714$509$358$232
29 years$1,284$932$664$466$324$206
30 years$1,227$880$619$428$292$183
31 years$1,175$832$577$393$264$162
32 years$1,126$787$538$361$239$144
33 years$1,080$745$503$332$216$127
34 years$1,037$706$470$306$196$113
35 years$996$670$439$281$177$100
36 years$958$636$411$259$161$89
37 years$922$604$384$239$146$79
38 years$887$574$360$220$132$70
39 years$855$546$337$203$120$62
40 years$824$519$316$187$109$56
41 years$795$494$296$173$99$49
42 years$768$471$278$159$89$44
43 years$741$449$261$147$81$39
44 years$716$428$245$136$74$35
45 years$693$408$230$125$67$31
46 years$670$389$216$116$61$27
47 years$648$371$203$107$55$24
48 years$628$354$191$99$50$22
49 years$608$338$179$91$45$19
50 years$589$323$168$85$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $603,000, adding $6,665 every year, while hoping to spend $23,379 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: 51/36/13 Blend
50$603,000$603,000$603,000$603,000
51$671,381$639,422$630,075$702,946
52$714,987$645,879$626,308$731,735
53$762,257$651,868$621,631$759,993
54$813,540$657,343$615,988$790,185
55$869,221$662,252$609,323$822,498
56$929,720$666,542$601,575$857,143
57$995,504$670,154$592,680$894,350
58$1,067,083$673,029$582,572$934,374
59$1,145,019$675,101$571,182$977,498
60$1,229,931$676,301$558,437$1,024,033
61$1,322,500$676,556$544,260$1,074,324
62$1,423,475$675,787$528,573$1,128,753
63$1,533,681$673,912$511,291$1,187,740
64$1,654,025$670,843$492,329$1,251,751
65$1,785,509$666,487$471,594$1,321,300
66$1,929,230$660,745$448,993$1,396,956
67$2,086,402$653,511$424,424$1,479,347
68$2,258,357$644,676$397,785$1,569,166
69$2,446,565$634,120$368,966$1,667,180
70$2,652,643$621,720$337,854$1,774,235
71$2,878,371$607,343$304,331$1,891,266
72$3,125,711$590,849$268,272$2,019,307
73$3,396,822$572,089$229,548$2,159,498
74$3,694,084$550,908$188,024$2,313,099
75$4,020,117$527,138$143,559$2,481,500
76$4,377,805$500,605$96,005$2,666,237
77$4,770,329$471,122$45,209$2,869,006
78$5,201,188$438,493$0$3,091,680
79$5,674,241$402,510$0$3,337,573
80$6,193,734$362,954$0$3,614,491
81$6,764,348$319,592$0$3,918,700
82$7,391,239$272,179$0$4,253,004
83$8,080,086$220,457$0$4,620,497
84$8,837,146$164,150$0$5,024,593
85$9,669,312$102,971$0$5,469,056
86$10,584,178$36,613$0$5,958,038
87$11,590,112$0$0$6,496,120
88$12,696,331$0$0$7,102,317
89$13,912,991$0$0$7,785,057
90$15,251,282$0$0$8,536,122
91$16,723,532$0$0$9,362,441
92$18,343,325$0$0$10,271,646
93$20,125,628$0$0$11,272,150
94$22,086,932$0$0$12,373,218
95$24,245,406$0$0$13,585,060
96$26,621,070$0$0$14,918,929
97$29,235,986$0$0$16,387,221
98$32,114,459$0$0$18,003,594
99$35,283,273$0$0$19,783,102
100$38,771,940$0$0$21,742,328