Can I retire at age 51 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$49,878$49,433$49,000$48,577$48,164$47,582
2 years$24,692$24,232$23,786$23,354$22,935$22,349
3 years$16,298$15,836$15,391$14,963$14,551$13,980
4 years$12,102$11,641$11,201$10,780$10,378$9,825
5 years$9,584$9,127$8,692$8,280$7,889$7,357
6 years$7,907$7,453$7,025$6,622$6,242$5,732
7 years$6,709$6,259$5,838$5,444$5,077$4,587
8 years$5,811$5,365$4,951$4,567$4,212$3,743
9 years$5,113$4,671$4,264$3,890$3,547$3,100
10 years$4,555$4,117$3,718$3,353$3,022$2,596
11 years$4,099$3,665$3,273$2,918$2,599$2,193
12 years$3,719$3,290$2,905$2,560$2,252$1,866
13 years$3,398$2,973$2,595$2,260$1,964$1,598
14 years$3,122$2,702$2,332$2,006$1,722$1,374
15 years$2,884$2,469$2,105$1,789$1,516$1,187
16 years$2,676$2,265$1,909$1,602$1,340$1,029
17 years$2,492$2,086$1,737$1,439$1,188$894
18 years$2,329$1,928$1,585$1,297$1,056$779
19 years$2,184$1,786$1,451$1,172$941$680
20 years$2,053$1,660$1,332$1,062$841$595
21 years$1,934$1,546$1,225$963$753$521
22 years$1,827$1,443$1,129$876$675$457
23 years$1,729$1,350$1,043$798$606$401
24 years$1,640$1,265$964$728$544$353
25 years$1,557$1,187$893$664$490$311
26 years$1,481$1,116$828$608$441$273
27 years$1,411$1,050$769$556$398$241
28 years$1,346$989$715$510$359$213
29 years$1,286$933$665$467$324$187
30 years$1,229$881$620$429$293$165
31 years$1,177$833$578$394$265$146
32 years$1,128$788$539$362$239$129
33 years$1,082$747$503$333$217$114
34 years$1,038$708$470$306$196$101
35 years$998$671$440$282$178$89
36 years$959$637$411$260$161$79
37 years$923$605$385$239$146$70
38 years$889$575$361$220$132$62
39 years$856$547$338$203$120$55
40 years$826$520$317$188$109$48
41 years$797$495$297$173$99$43
42 years$769$472$278$160$90$38
43 years$743$449$261$147$81$33
44 years$718$428$245$136$74$30
45 years$694$408$230$126$67$26
46 years$671$390$216$116$61$23
47 years$649$372$203$107$55$21
48 years$629$355$191$99$50$18
49 years$609$339$180$92$46$16
50 years$590$324$169$85$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $604,000, adding $2,632 every year, while hoping to spend $38,844 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: 58/29/13 Blend
50$604,000$604,000$604,000$604,000
51$668,323$636,311$626,949$704,760
52$695,162$626,160$606,622$719,519
53$723,437$614,211$584,312$731,060
54$753,253$600,333$559,912$742,721
55$784,725$584,389$533,310$754,520
56$817,979$566,236$504,387$766,477
57$853,150$545,719$473,021$778,617
58$890,389$522,676$439,085$790,967
59$929,858$496,937$402,444$803,563
60$971,735$468,318$362,957$816,443
61$1,016,215$436,629$320,479$829,656
62$1,063,511$401,666$274,858$843,254
63$1,113,856$363,215$225,932$857,299
64$1,167,505$321,048$173,537$871,865
65$1,224,737$274,926$117,497$887,032
66$1,285,859$224,596$57,631$902,896
67$1,351,205$169,789$0$919,563
68$1,421,144$110,225$0$938,025
69$1,496,078$45,603$0$966,140
70$1,576,449$0$0$996,093
71$1,662,743$0$0$1,035,875
72$1,755,492$0$0$1,094,310
73$1,855,281$0$0$1,157,217
74$1,962,751$0$0$1,225,007
75$2,078,608$0$0$1,298,128
76$2,203,625$0$0$1,377,076
77$2,338,653$0$0$1,462,391
78$2,484,628$0$0$1,554,672
79$2,642,575$0$0$1,654,574
80$2,813,626$0$0$1,762,817
81$2,999,022$0$0$1,880,195
82$3,200,127$0$0$2,007,579
83$3,418,444$0$0$2,145,928
84$3,655,625$0$0$2,296,295
85$3,913,485$0$0$2,459,842
86$4,194,025$0$0$2,637,844
87$4,499,443$0$0$2,831,707
88$4,832,158$0$0$3,042,974
89$5,194,834$0$0$3,273,347
90$5,590,402$0$0$3,524,699
91$6,022,087$0$0$3,799,088
92$6,493,440$0$0$4,098,783
93$7,008,370$0$0$4,426,281
94$7,571,179$0$0$4,784,331
95$8,186,606$0$0$5,175,959
96$8,859,866$0$0$5,604,497
97$9,596,702$0$0$6,073,615
98$10,403,439$0$0$6,587,352
99$11,287,042$0$0$7,150,159
100$12,255,179$0$0$7,766,936