Can I retire at age 51 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$49,960$49,515$49,081$48,657$48,244$46,366
2 years$24,733$24,272$23,826$23,393$22,973$21,104
3 years$16,325$15,862$15,417$14,988$14,575$12,774
4 years$12,122$11,660$11,220$10,798$10,395$8,675
5 years$9,600$9,142$8,707$8,294$7,902$6,268
6 years$7,920$7,465$7,036$6,633$6,253$4,705
7 years$6,720$6,269$5,847$5,453$5,085$3,623
8 years$5,821$5,374$4,959$4,575$4,219$2,841
9 years$5,122$4,679$4,271$3,896$3,553$2,258
10 years$4,563$4,124$3,724$3,359$3,027$1,813
11 years$4,106$3,672$3,278$2,923$2,603$1,467
12 years$3,725$3,295$2,909$2,564$2,256$1,194
13 years$3,403$2,978$2,599$2,264$1,967$976
14 years$3,128$2,707$2,336$2,009$1,725$801
15 years$2,889$2,473$2,109$1,792$1,518$660
16 years$2,680$2,269$1,912$1,605$1,342$545
17 years$2,497$2,089$1,740$1,442$1,190$451
18 years$2,333$1,931$1,588$1,299$1,058$374
19 years$2,187$1,789$1,454$1,174$943$310
20 years$2,056$1,663$1,334$1,063$842$258
21 years$1,938$1,549$1,227$965$754$214
22 years$1,830$1,446$1,131$877$676$178
23 years$1,732$1,352$1,044$799$607$148
24 years$1,642$1,267$966$729$545$124
25 years$1,560$1,189$895$666$491$103
26 years$1,484$1,117$830$609$442$86
27 years$1,414$1,052$770$557$398$72
28 years$1,348$991$716$510$359$60
29 years$1,288$935$667$468$325$50
30 years$1,232$883$621$430$293$42
31 years$1,179$835$579$394$265$35
32 years$1,130$790$540$363$240$29
33 years$1,083$748$504$333$217$24
34 years$1,040$709$471$307$197$20
35 years$999$672$440$282$178$17
36 years$961$638$412$260$161$14
37 years$925$606$386$240$146$12
38 years$890$576$361$221$133$10
39 years$858$548$338$204$120$8
40 years$827$521$317$188$109$7
41 years$798$496$297$173$99$6
42 years$770$472$279$160$90$5
43 years$744$450$262$148$81$4
44 years$719$429$246$136$74$3
45 years$695$409$231$126$67$3
46 years$672$390$217$116$61$2
47 years$650$372$204$107$55$2
48 years$630$356$191$99$50$2
49 years$610$340$180$92$46$1
50 years$591$324$169$85$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $605,000, adding $2,012 every year, while hoping to spend $29,046 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: 32/48/20 Blend
50$605,000$605,000$605,000$605,000
51$668,785$636,720$627,343$685,983
52$706,097$637,015$617,454$699,318
53$746,240$636,350$606,261$710,887
54$789,475$634,649$593,688$722,741
55$836,083$631,829$579,658$734,922
56$886,377$627,802$564,090$747,479
57$940,698$622,476$546,899$760,469
58$999,424$615,751$527,994$773,956
59$1,062,967$607,525$507,284$788,015
60$1,131,782$597,686$484,670$802,730
61$1,206,369$586,118$460,052$818,197
62$1,287,276$572,695$433,321$834,525
63$1,375,109$557,288$404,368$851,839
64$1,470,531$539,756$373,075$870,279
65$1,574,274$519,952$339,322$890,003
66$1,687,141$497,722$302,981$911,191
67$1,810,019$472,899$263,919$934,045
68$1,943,879$445,310$221,999$958,790
69$2,089,795$414,770$177,076$985,683
70$2,248,944$381,084$128,999$1,015,010
71$2,422,626$344,046$77,609$1,047,093
72$2,612,268$303,438$22,743$1,082,291
73$2,819,443$259,031$0$1,121,008
74$3,045,883$210,580$0$1,171,337
75$3,293,494$157,829$0$1,231,816
76$3,564,375$100,507$0$1,298,191
77$3,860,836$38,327$0$1,371,131
78$4,185,422$0$0$1,451,382
79$4,540,936$0$0$1,555,094
80$4,930,463$0$0$1,691,001
81$5,357,402$0$0$1,840,055
82$5,825,495$0$0$2,003,575
83$6,338,866$0$0$2,183,012
84$6,902,054$0$0$2,379,966
85$7,520,062$0$0$2,596,200
86$8,198,397$0$0$2,833,655
87$8,943,128$0$0$3,094,467
88$9,760,939$0$0$3,380,994
89$10,659,193$0$0$3,695,830
90$11,646,003$0$0$4,041,833
91$12,730,303$0$0$4,422,153
92$13,921,939$0$0$4,840,259
93$15,231,756$0$0$5,299,974
94$16,671,703$0$0$5,805,509
95$18,254,942$0$0$6,361,504
96$19,995,978$0$0$6,973,072
97$21,910,790$0$0$7,645,844
98$24,016,981$0$0$8,386,027
99$26,333,950$0$0$9,200,458
100$28,883,067$0$0$10,096,672