Can I retire at age 51 with 604,000?

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 $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%16%
1 years$49,878$49,433$49,000$48,577$48,164$46,980
2 years$24,692$24,232$23,786$23,354$22,935$21,750
3 years$16,298$15,836$15,391$14,963$14,551$13,402
4 years$12,102$11,641$11,201$10,780$10,378$9,273
5 years$9,584$9,127$8,692$8,280$7,889$6,831
6 years$7,907$7,453$7,025$6,622$6,242$5,233
7 years$6,709$6,259$5,838$5,444$5,077$4,116
8 years$5,811$5,365$4,951$4,567$4,212$3,299
9 years$5,113$4,671$4,264$3,890$3,547$2,682
10 years$4,555$4,117$3,718$3,353$3,022$2,203
11 years$4,099$3,665$3,273$2,918$2,599$1,826
12 years$3,719$3,290$2,905$2,560$2,252$1,523
13 years$3,398$2,973$2,595$2,260$1,964$1,277
14 years$3,122$2,702$2,332$2,006$1,722$1,076
15 years$2,884$2,469$2,105$1,789$1,516$909
16 years$2,676$2,265$1,909$1,602$1,340$771
17 years$2,492$2,086$1,737$1,439$1,188$655
18 years$2,329$1,928$1,585$1,297$1,056$558
19 years$2,184$1,786$1,451$1,172$941$476
20 years$2,053$1,660$1,332$1,062$841$407
21 years$1,934$1,546$1,225$963$753$348
22 years$1,827$1,443$1,129$876$675$298
23 years$1,729$1,350$1,043$798$606$256
24 years$1,640$1,265$964$728$544$220
25 years$1,557$1,187$893$664$490$189
26 years$1,481$1,116$828$608$441$162
27 years$1,411$1,050$769$556$398$139
28 years$1,346$989$715$510$359$120
29 years$1,286$933$665$467$324$103
30 years$1,229$881$620$429$293$89
31 years$1,177$833$578$394$265$76
32 years$1,128$788$539$362$239$66
33 years$1,082$747$503$333$217$57
34 years$1,038$708$470$306$196$49
35 years$998$671$440$282$178$42
36 years$959$637$411$260$161$36
37 years$923$605$385$239$146$31
38 years$889$575$361$220$132$27
39 years$856$547$338$203$120$23
40 years$826$520$317$188$109$20
41 years$797$495$297$173$99$17
42 years$769$472$278$160$90$15
43 years$743$449$261$147$81$13
44 years$718$428$245$136$74$11
45 years$694$408$230$126$67$9
46 years$671$390$216$116$61$8
47 years$649$372$203$107$55$7
48 years$629$355$191$99$50$6
49 years$609$339$180$92$46$5
50 years$590$324$169$85$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $604,000, adding $4,999 every year, while hoping to spend $33,032 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: 78/13/9 Blend
50$604,000$604,000$604,000$604,000
51$670,764$638,752$629,390$721,753
52$704,037$634,906$615,329$752,105
53$739,596$629,763$599,690$780,612
54$777,639$623,227$582,385$810,914
55$818,386$615,192$563,322$843,174
56$862,073$605,548$542,405$877,573
57$908,964$594,179$519,535$914,312
58$959,344$580,960$494,605$953,610
59$1,013,530$565,760$467,507$995,711
60$1,071,867$548,439$438,125$1,040,883
61$1,134,735$528,850$406,341$1,089,421
62$1,202,553$506,839$372,028$1,141,651
63$1,275,778$482,239$335,056$1,197,933
64$1,354,915$454,876$295,288$1,258,664
65$1,440,518$424,567$252,581$1,324,282
66$1,533,196$391,115$206,788$1,395,270
67$1,633,617$354,315$157,751$1,472,161
68$1,742,519$313,950$105,308$1,555,543
69$1,860,710$269,787$49,290$1,646,064
70$1,989,081$221,586$0$1,744,441
71$2,128,611$169,087$0$1,852,470
72$2,280,378$112,021$0$1,975,132
73$2,445,566$50,099$0$2,108,668
74$2,625,480$0$0$2,254,159
75$2,821,555$0$0$2,415,223
76$3,035,370$0$0$2,598,692
77$3,268,664$0$0$2,798,895
78$3,523,349$0$0$3,017,475
79$3,801,533$0$0$3,256,243
80$4,105,535$0$0$3,517,191
81$4,437,906$0$0$3,802,513
82$4,801,457$0$0$4,114,625
83$5,199,284$0$0$4,456,187
84$5,634,793$0$0$4,830,127
85$6,111,738$0$0$5,239,670
86$6,634,250$0$0$5,688,368
87$7,206,880$0$0$6,180,131
88$7,834,641$0$0$6,719,269
89$8,523,052$0$0$7,310,525
90$9,278,194$0$0$7,959,124
91$10,106,762$0$0$8,670,823
92$11,016,133$0$0$9,451,961
93$12,014,432$0$0$10,309,522
94$13,110,609$0$0$11,251,197
95$14,314,524$0$0$12,285,462
96$15,637,037$0$0$13,421,651
97$17,090,112$0$0$14,670,048
98$18,686,932$0$0$16,041,982
99$20,442,016$0$0$17,549,935
100$22,371,363$0$0$19,207,657