Can I retire at age 51 with 603,000?

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 $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%12.5%
1 years$49,795$49,352$48,919$48,497$48,084$47,582
2 years$24,651$24,192$23,747$23,316$22,897$22,391
3 years$16,271$15,810$15,366$14,939$14,527$14,033
4 years$12,081$11,622$11,182$10,762$10,361$9,883
5 years$9,569$9,112$8,678$8,267$7,876$7,416
6 years$7,894$7,440$7,013$6,611$6,232$5,790
7 years$6,698$6,248$5,828$5,435$5,068$4,644
8 years$5,802$5,356$4,943$4,559$4,205$3,799
9 years$5,105$4,663$4,257$3,884$3,541$3,153
10 years$4,548$4,111$3,711$3,348$3,017$2,647
11 years$4,092$3,659$3,267$2,913$2,595$2,242
12 years$3,713$3,284$2,900$2,556$2,249$1,913
13 years$3,392$2,968$2,591$2,256$1,961$1,641
14 years$3,117$2,698$2,328$2,003$1,719$1,416
15 years$2,879$2,465$2,102$1,786$1,513$1,226
16 years$2,672$2,261$1,905$1,599$1,338$1,065
17 years$2,488$2,083$1,734$1,437$1,186$928
18 years$2,326$1,924$1,583$1,295$1,054$811
19 years$2,180$1,783$1,449$1,170$940$710
20 years$2,049$1,657$1,330$1,060$840$623
21 years$1,931$1,544$1,223$962$751$548
22 years$1,824$1,441$1,127$874$673$482
23 years$1,726$1,348$1,041$796$605$424
24 years$1,637$1,263$963$726$543$374
25 years$1,555$1,185$892$663$489$330
26 years$1,479$1,114$827$607$440$292
27 years$1,409$1,048$768$555$397$258
28 years$1,344$988$714$509$358$228
29 years$1,284$932$664$466$324$202
30 years$1,227$880$619$428$292$179
31 years$1,175$832$577$393$264$159
32 years$1,126$787$538$361$239$140
33 years$1,080$745$503$332$216$125
34 years$1,037$706$470$306$196$110
35 years$996$670$439$281$177$98
36 years$958$636$411$259$161$87
37 years$922$604$384$239$146$77
38 years$887$574$360$220$132$68
39 years$855$546$337$203$120$61
40 years$824$519$316$187$109$54
41 years$795$494$296$173$99$48
42 years$768$471$278$159$89$43
43 years$741$449$261$147$81$38
44 years$716$428$245$136$74$34
45 years$693$408$230$125$67$30
46 years$670$389$216$116$61$27
47 years$648$371$203$107$55$24
48 years$628$354$191$99$50$21
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 $5,956 every year, while hoping to spend $27,827 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: 80/13/7 Blend
50$603,000$603,000$603,000$603,000
51$670,650$638,691$629,344$723,318
52$709,448$640,379$620,819$760,365
53$751,272$641,217$611,077$796,730
54$796,399$641,134$600,045$835,792
55$845,137$640,055$587,652$877,805
56$897,822$637,899$573,820$923,051
57$954,826$634,582$558,469$971,838
58$1,016,555$630,014$541,514$1,024,507
59$1,083,457$624,098$522,869$1,081,434
60$1,156,025$616,733$502,439$1,143,031
61$1,234,799$607,813$480,130$1,209,756
62$1,320,374$597,222$455,841$1,282,109
63$1,413,407$584,840$429,467$1,360,646
64$1,514,618$570,540$400,897$1,445,974
65$1,624,798$554,187$370,016$1,538,767
66$1,744,822$535,636$336,706$1,639,766
67$1,875,648$514,736$300,839$1,749,788
68$2,018,333$491,327$262,287$1,869,732
69$2,174,040$465,239$220,910$2,000,591
70$2,344,049$436,293$176,568$2,143,458
71$2,529,769$404,299$129,110$2,299,540
72$2,732,752$369,055$78,381$2,470,165
73$2,954,704$330,351$24,219$2,656,798
74$3,197,507$287,961$0$2,861,055
75$3,463,230$241,648$0$3,087,223
76$3,754,154$191,164$0$3,336,851
77$4,072,789$136,242$0$3,610,305
78$4,421,900$76,604$0$3,909,985
79$4,804,530$11,954$0$4,238,533
80$5,224,035$0$0$4,598,865
81$5,684,107$0$0$5,002,491
82$6,188,813$0$0$5,447,169
83$6,742,634$0$0$5,935,138
84$7,350,506$0$0$6,470,749
85$8,017,865$0$0$7,058,794
86$8,750,699$0$0$7,704,554
87$9,555,605$0$0$8,413,842
88$10,439,850$0$0$9,193,065
89$11,411,439$0$0$10,049,281
90$12,479,192$0$0$10,990,264
91$13,652,826$0$0$12,024,581
92$14,943,044$0$0$13,161,667
93$16,361,639$0$0$14,411,919
94$17,921,605$0$0$15,786,791
95$19,637,257$0$0$17,298,903
96$21,524,366$0$0$18,962,159
97$23,600,309$0$0$20,791,879
98$25,884,233$0$0$22,804,940
99$28,397,233$0$0$25,019,941
100$31,162,553$0$0$27,457,372